Financial Performance - The group's revenue for the twelve-month period was approximately HKD 596,400,000, an increase of about 69.7% compared to HKD 351,400,000 for the same period in 2022[6]. - The group reported an operating loss of approximately HKD 35,300,000, a significant improvement from an operating loss of HKD 129,700,000 in the previous year[7]. - The net profit for the twelve-month period was approximately HKD 29,000,000, compared to a loss of HKD 131,100,000 in the previous year, marking a turnaround[7]. - Total comprehensive income for the period was HKD 19,097 thousand, compared to HKD 5,149 thousand in the previous year, reflecting a significant increase[13]. - Basic earnings per share was HKD 0.016, compared to a loss per share of HKD 0.06 in the previous year[13]. - Adjusted EBITDA for 2023 was HKD 67,073,000, a turnaround from a loss of HKD 9,948,000 in 2022[32]. - The company reported a profit attributable to owners of the company of HKD 1,877 thousand, a recovery from a loss of HKD 6,907 thousand in the same period last year[13]. Revenue Breakdown - Revenue from electronic payment and related services was approximately HKD 362,600,000, up from HKD 180,200,000 in the previous year, reflecting an increase of about HKD 182,400,000[6]. - Revenue from electronic payment services for the twelve months ended December 31, 2023, was HKD 596,449 thousand, up from HKD 351,414 thousand in 2022, representing a growth of approximately 69.8%[30]. - Lottery business revenue for the twelve months ended December 31, 2023, was HKD 339,626 thousand, compared to HKD 172,855 thousand in 2022, reflecting an increase of about 96.5%[30]. - Revenue from lottery and related businesses rose by approximately HKD 62.6 million to about HKD 233.8 million, driven by increased hardware sales and expanded retail partnerships[86]. Expenses and Costs - Employee benefit expenses rose to approximately HKD 165,100,000, an increase of about HKD 37,300,000 from HKD 127,788,000 in the previous year[9]. - Total operating expenses rose to HKD 321,342,000 in 2023, an increase of 51.6% from HKD 212,102,000 in 2022[35]. - The total employee cost for the twelve-month period was approximately HKD 154.8 million, an increase from HKD 119.6 million for the twelve months ending December 31, 2022[94]. Assets and Liabilities - Total assets decreased to HKD 1,785,046 thousand from HKD 4,346,427 thousand year-on-year, indicating a substantial reduction in asset base[14]. - Current liabilities decreased significantly to HKD 1,155,137 thousand from HKD 3,759,265 thousand, showing improved liquidity management[17]. - The company’s net assets stood at HKD 2,656,832 thousand, a slight decrease from HKD 2,662,839 thousand in the previous year[17]. - Cash and cash equivalents at the end of the period were HKD 1,104,470 thousand, down from HKD 4,015,110 thousand, indicating a decrease in cash reserves[22]. Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[21]. - The group is expanding its lottery distribution network, contributing to an increase in lottery-related revenue by approximately HKD 62,600,000[6]. - The company plans to change its financial year-end from December 31 to March 31, which may impact future reporting periods[8]. - The company plans to acquire a 51.5% stake in Ant Bank (Macau) for approximately MOP 243 million, pending regulatory approval, to enhance its electronic payment and digital banking services[79]. Market Trends and Economic Environment - The total transaction value of the electronic payment market in Macau reached approximately HKD 28.14 billion in 2023, reflecting an annual growth of around 8.8%[55]. - The number of mobile payment transactions in Macau increased to approximately 301 million in 2023, marking a year-on-year growth of about 12.9%[55]. - The number of inbound tourists to Macau exceeded 28 million in 2023, representing a year-on-year increase of 390%, with a daily average of about 80,000 visitors in January 2024[56]. - In Q3 2023, Macau's economy recorded a year-on-year real growth of 116.1%, driven by a 284.1% increase in overall service exports and a 576.7% rise in total tourist spending[56]. Corporate Governance and Compliance - The company emphasizes the importance of prudent trading by shareholders and potential investors[106]. - The company aims to maintain a high level of corporate governance, adhering to the GEM Listing Rules and ensuring transparency for shareholders[146]. - The company has adopted new corporate governance practices to review and discuss the contributions of each director annually[149]. - The company has not deviated from the corporate governance code except for the combined roles of chairman and CEO, which they consider beneficial for stable leadership[148]. Future Outlook - The company has set a performance guidance for the upcoming fiscal year, projecting a revenue increase of 20%[147]. - The company is committed to enhancing shareholder value through effective governance and operational efficiency[146]. - The company plans to expand its market presence, focusing on new product development and technological advancements[147].
亚博科技控股(08279) - 2023 - 中期财报