Financial Performance - For the year ended December 31, 2023, the company's revenue was approximately HKD 387.62 million, a decrease of 14.1% from HKD 451.25 million in the previous year[3]. - The net loss from investments measured at fair value through profit or loss was approximately HKD 3.15 million, compared to a net gain of HKD 10.59 million in the previous year[3]. - The net profit attributable to shareholders for the year was approximately HKD 2.19 million, down 61.9% from HKD 5.76 million in the previous year[3]. - The basic earnings per share for the year was HKD 0.017, down from HKD 0.045 in the previous year[5]. - The total comprehensive expenses for the year amounted to approximately HKD 15.68 million, compared to HKD 47.75 million in the previous year[5]. - The company's profit before tax for 2023 was HKD 2,193,000, a decrease of 61.8% from HKD 5,756,000 in 2022[20]. - Basic earnings per share for 2023 were HKD 0.000171, down from HKD 0.000449 in 2022, reflecting a decline of approximately 61.8%[22]. - The company reported no tax expenses for both 2023 and 2022 due to no taxable profits generated[19]. Asset Valuation - The company's net asset value as of December 31, 2023, was approximately HKD 547.67 million, a decrease from HKD 563.26 million in the previous year[4]. - The total assets less current liabilities were approximately HKD 549.05 million, down from HKD 563.26 million in the previous year[6]. - The company's net asset value per share as of December 31, 2023, is HKD 0.043, compared to HKD 0.044 as of December 31, 2022[42]. - The company's non-listed equity securities amounted to HKD 210,221,000 as of December 31, 2023, compared to HKD 228,092,000 in 2022, reflecting a decrease of approximately 7.8%[26]. - The fair value adjustment for investments in subsidiaries resulted in a cumulative loss of HKD 127,804,000 for the year, impacting the overall asset valuation[26]. Investment Strategy - The company continues to focus on investments primarily in listed and unlisted companies in Hong Kong and China for medium to long-term capital appreciation[7]. - The company has invested in various sectors including renewable energy, new materials, and health communication, focusing on energy conservation and emission reduction[45]. - The company has established a strategic development plan for solar energy products, emphasizing production and research[45]. - The company’s strategy includes long-term holding of these investments, classified as equity investments through other comprehensive income to mitigate volatility in profit and loss statements[28]. - The company focuses on innovative business models, such as investing in photovoltaic buildings and debt securities, which do not charge users but generate income from power companies and index-linked returns[51]. Cash Flow and Financial Position - The company's cash and bank balances increased to approximately HKD 40.58 million from HKD 6.66 million in the previous year[6]. - The company has a cash and bank balance of approximately HKD 40,578,000 as of December 31, 2023, with a zero debt-to-equity ratio[55]. - The company has not engaged in any significant foreign exchange risk and will continue to monitor the situation[56]. - The company has not pledged any assets or incurred any significant contingent liabilities as of December 31, 2023[61]. Employee and Operational Information - As of December 31, 2023, the company employed 18 staff members, a decrease from 21 in 2022[70]. - Total compensation paid to staff, including directors' remuneration, amounted to approximately HKD 2,205,000, up from HKD 1,493,000 in 2022[70]. - Employee benefits expenses increased to HKD 2,205,000 in 2023 from HKD 1,493,000 in 2022, an increase of approximately 47.5%[22]. Compliance and Reporting - The auditor, Long Green (Hong Kong) CPA Limited, confirmed that the preliminary financial statements align with the audited financial statements for the year ending December 31, 2023[71]. - The annual report will be published on the stock exchange and the company's website at an appropriate time[72]. - The company has adopted the standards for directors' securities trading as per the listing rules, ensuring compliance with the established code[68]. - The company has maintained at least 25% of its shares in public circulation as required by the stock exchange regulations for both 2023 and 2022[40]. Dividends and Government Subsidies - The company did not recommend any dividends for both 2023 and 2022 fiscal years[23]. - The company received government subsidies totaling approximately HKD 87,000 in 2022, which were not repeated in 2023[18].
中国创新投资(01217) - 2023 - 年度业绩