Financial Performance - For the fiscal year ending December 31, 2023, the group's revenue was approximately HKD 265.6 million, a decrease of about 48.2% compared to HKD 512.7 million for the fiscal year ending December 31, 2022[8]. - The company reported a loss attributable to shareholders of approximately HKD 18.2 million for the fiscal year 2023, compared to a profit of approximately HKD 4.5 million for the fiscal year 2022[8]. - The decline in revenue was primarily due to reduced gross profit from air and sea freight agency services, impacted by the COVID-19 pandemic and economic downturn, leading to lower freight charges collected from customers[8]. - Total revenue for 2023 was HKD 265,640,000, a decrease of 48.3% compared to HKD 512,672,000 in 2022[10]. - Gross profit for 2023 was HKD 27,123,000, down 63.1% from HKD 73,488,000 in 2022[10]. - The net loss attributable to the company for 2023 was HKD 18,173,000, compared to a profit of HKD 4,452,000 in 2022[11]. - The basic loss per share for 2023 was HKD 3.03, compared to a profit of HKD 0.74 per share in 2022[11]. - The total comprehensive loss for 2023 was HKD 18,518,000, compared to a comprehensive income of HKD 5,536,000 in 2022[11]. - The group reported a pre-tax loss of HKD 18,743,000 for the year ended December 31, 2023, compared to a pre-tax profit of HKD 7,126,000 in the previous year[33]. - The group recorded a loss attributable to owners of the company of HKD 18.2 million in fiscal year 2023, compared to a profit of HKD 4.5 million in fiscal year 2022[75]. Revenue Breakdown - The external sales breakdown included HKD 77,559,000 from air freight, HKD 23,150,000 from sea freight, HKD 81,542,000 from logistics and warehousing, and HKD 83,389,000 from e-commerce[33]. - Revenue from air freight agency services decreased from HKD 120.3 million in fiscal year 2022 to HKD 77.6 million in fiscal year 2023, a decline of 35.5%[65]. - Revenue from sea freight agency services dropped significantly from HKD 93.1 million in fiscal year 2022 to HKD 23.1 million in fiscal year 2023, a decrease of 75.2%[66]. - Logistics and warehousing services revenue fell from HKD 158.8 million in fiscal year 2022 to HKD 81.5 million in fiscal year 2023, a decline of 48.7%[66]. - E-commerce revenue decreased from HKD 140.4 million in fiscal year 2022 to HKD 83.4 million in fiscal year 2023, a reduction of 40.5%[66]. Expenses and Cost Management - Administrative and selling expenses decreased to HKD 41,189,000 in 2023 from HKD 69,216,000 in 2022, a reduction of 40.5%[10]. - Total sales costs decreased by 45.7% from HKD 439.2 million in fiscal year 2022 to HKD 238.5 million in fiscal year 2023[68]. - Total employee costs decreased to HKD 48,907,000 in 2023 from HKD 60,541,000 in 2022, representing a reduction of approximately 19.3%[41]. - The group incurred a total of HKD 3,832,000 in depreciation for property, plant, and equipment in 2023, down from HKD 4,127,000 in 2022[36]. Assets and Liabilities - Total assets decreased from HKD 286,467 million in 2022 to HKD 93,497 million in 2023, a decline of approximately 67.4%[13]. - Current liabilities decreased from HKD 252,263 million in 2022 to HKD 60,949 million in 2023, a reduction of about 75.8%[15]. - Net assets decreased from HKD 81,836 million in 2022 to HKD 61,247 million in 2023, representing a decline of approximately 25.2%[15]. - The company's total liabilities decreased from HKD 252,263 million in 2022 to HKD 60,949 million in 2023, a reduction of approximately 75.8%[15]. - The company's total current assets decreased from HKD 34,204 million in 2022 to HKD 32,548 million in 2023, a decline of about 4.8%[15]. - The company's total non-current assets decreased from HKD 64,368 million in 2022 to HKD 36,415 million in 2023, a decrease of approximately 43.4%[13]. Corporate Governance and Compliance - The group has established a strong corporate culture and anti-corruption policies to promote ethical standards and sustainable development[97]. - The group has complied with all corporate governance code provisions during the 2023 financial year[95]. - The audit committee has reviewed the consolidated financial statements for the fiscal year 2023 and confirmed compliance with applicable accounting standards and GEM listing rules[109]. - The announcement complies with GEM listing rules, ensuring the accuracy and completeness of the information provided[115]. Future Outlook and Strategy - The company is focused on recovering from the impacts of the pandemic and improving operational efficiency moving forward[8]. - The company plans to focus on new product development and market expansion strategies moving forward[10]. - The company aims to adjust its business focus towards local transportation services and warehousing management in 2024, leveraging emerging technologies[61]. - The rise of online retail indicates significant growth potential for e-commerce, with current online retail accounting for less than 20% of total global retail[61]. Shareholder Information - The company did not declare any dividends for the two years, and there are no plans to declare dividends as of the report date[40]. - The annual general meeting is scheduled for June 21, 2024, with a suspension of share registration from June 18 to June 21, 2024[107]. - The company encourages shareholders to provide updated contact information to facilitate timely communication[103]. - The company will send printed versions of company communications upon request from shareholders[102]. Miscellaneous - The company did not report any significant new product or technology developments during the fiscal year[8]. - There were no announcements regarding market expansion or mergers and acquisitions in the fiscal year 2023[8]. - The company has undergone a group reorganization, impacting its capital structure and reserves[18]. - The company is subject to the financial reporting standards set by the Hong Kong Institute of Certified Public Accountants, which may affect future financial disclosures[20].
骏高控股(08035) - 2023 - 年度业绩