Financial Performance - The company reported a net loss of approximately HKD 331,187,000 for the year ended December 31, 2022, compared to a net profit of approximately HKD 165,130,000 in 2021, primarily due to unrealized losses on financial assets measured at fair value through profit or loss amounting to HKD 206,646,000[26]. - The company reported a total comprehensive loss attributable to owners of HKD (383,127) for the year, compared to a profit of HKD 186,326 in 2021[82]. - Total revenue for 2022 was HKD 252 thousand, down from HKD 480 thousand in 2021, indicating a decrease of approximately 47.5%[111]. - The company reported a loss attributable to owners of the company of HKD (331,187) thousand for the year 2022, compared to a profit of HKD 165,130 thousand in 2021, representing a significant decline[112][129]. - Basic and diluted loss per share for 2022 was HKD (23.97), a decline from earnings of HKD 12.36 and HKD 12.27 respectively in 2021[111]. - The company experienced a net unrealized loss on financial assets measured at fair value through profit or loss of HKD (206,646) thousand in 2022, compared to a gain of HKD 169,202 thousand in 2021[111]. - The company reported interest income from banks and financial institutions of HKD 252,000, a decrease of 47.5% compared to HKD 480,000 in 2021[102]. - The company’s cash and cash equivalents decreased from HKD 111,881 thousand in 2021 to HKD 101,029 thousand in 2022, a decline of approximately 9.5%[115]. Assets and Liabilities - The total assets of the company as of December 31, 2022, were HKD 1,215,351, a decrease of 16.7% from HKD 1,459,339 in 2021[103]. - The total liabilities decreased to HKD 120,770 as of December 31, 2022, down 35.4% from HKD 187,077 in 2021[103]. - The company's total equity decreased from HKD 1,272,262 thousand in 2021 to HKD 1,096,692 thousand in 2022, a decline of approximately 13.8%[116]. - The company’s non-current assets totaled HKD 509,620 as of December 31, 2022, down from HKD 604,567 in 2021[103]. - Non-current assets decreased from HKD 1,228,647 thousand in 2021 to HKD 1,001,595 thousand in 2022, a reduction of approximately 18.5%[115]. - Current liabilities decreased from HKD 134,875 thousand in 2021 to HKD 73,309 thousand in 2022, a decrease of approximately 45.5%[115]. Share Issuance and Capital Management - The company issued 26,808,000 ordinary shares at a placement price of HKD 3.50 per share on October 14, 2022, raising a total of HKD 93,828,000[36]. - The company issued 37,912,000 ordinary shares at a placement price of HKD 3.05 per share, raising approximately HKD 115,632,000[52]. - The company issued a total of 22,130,597 ordinary shares during the year, raising approximately HKD 17,813,000[80]. - The company issued a total of 5,565,193 ordinary shares from stock options exercised, raising approximately HKD 4,381,000[162]. - The group had long-term borrowings of approximately HKD 38,532,000 as of December 31, 2022, down from HKD 49,775,000 in 2021[178]. - The capital debt ratio (total borrowings divided by equity attributable to owners) was approximately 8.6% as of December 31, 2022, compared to 13.2% in 2021[178]. Employee and Operational Costs - The company recorded employee costs of HKD 20,559,000 in 2022, compared to HKD 15,181,000 in 2021, indicating an increase in labor expenses[4]. - The total employee costs, including directors' remuneration, increased to HKD 29,728 in 2022, up 26.7% from HKD 23,464 in 2021[105]. - The company has 35 employees as of December 31, 2022, an increase from 32 employees in the previous year[55]. Investment Strategy and Portfolio Management - The company has adopted a prudent and proactive strategy to manage its investment portfolio in light of the challenging investment environment[44]. - The investment strategy is diversified across property development and management, construction engineering and environmental protection, finance, and innovation and technology investments[45]. - The company is actively seeking attractive long-term investment opportunities in light of global financial market volatility[148]. - The company has established risk management procedures to identify, measure, monitor, and control various risks faced by its investment portfolio[146]. Governance and Compliance - The audit committee has reviewed the financial reporting process and internal controls, and the financial statements for the year ended December 31, 2022, have been approved[59]. - The company has complied with all applicable provisions of the corporate governance code, except for specific deviations noted[57]. - The audit committee is responsible for overseeing the company's financial reporting system and internal control procedures[187]. - The board confirms that the preparation of the group's consolidated financial statements for the year ended December 31, 2022, was conducted with reasonable skill and diligence[188]. - The remuneration committee advises on the compensation policies and structures for all directors and senior management[189]. - The nomination committee reviews the board's structure and composition at least annually and makes recommendations for any changes[190]. Market and Economic Conditions - The global economic growth is projected to slow from 6.0% in 2021 to 3.2% in 2022 and further to 2.7% in 2023 according to the International Monetary Fund[43]. - The inflation rate for the year 2022 decreased from 7.1% to 6.5%, with expectations of a slowdown in interest rate hikes by the US Federal Reserve[182]. - The anticipated economic growth rate for China in 2023 is projected to be 5%, while the US and Europe face recession risks[182]. - The group plans to adopt a prudent strategy to manage its investment portfolio in light of geopolitical tensions and economic uncertainties[182]. Legal Matters - The company has faced legal claims related to a deposit of HKD 10,000,000, which is currently under litigation[46]. Dividend Policy - The company did not declare any dividends for the year, consistent with the previous year[107]. - The group did not recommend a final dividend for the year ended December 31, 2022, compared to no dividend in 2021[177].
鼎益丰控股(00612) - 2022 - 年度业绩