Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 629,430,000, a decrease of 15.3% compared to HKD 743,612,000 in the previous year[4] - The cost of sales for the same period was HKD 462,360,000, down from HKD 562,835,000, resulting in a gross profit of HKD 167,070,000, which is a decrease of 7.6% from HKD 180,777,000[4] - The company's net profit attributable to shareholders was HKD 75,083,000, representing a decline of 20.3% from HKD 94,264,000 in the prior year[4] - Basic and diluted earnings per share were HKD 0.313, down from HKD 0.393 in the previous year, reflecting a decrease of 20.4%[4] - The company reported a pre-tax profit of HKD 89,288,000, compared to HKD 110,908,000 in the previous year, indicating a decline of 19.5%[4] - The total comprehensive income for the year was HKD 66,050,000, down from HKD 44,897,000 in the previous year[6] Revenue Breakdown - Revenue from mainland China was HKD 282,805,000 in 2023, slightly down from HKD 282,845,000 in 2022, indicating a marginal decrease of 0.01%[19] - Revenue from Europe decreased to HKD 136,485,000 in 2023 from HKD 197,528,000 in 2022, reflecting a decline of about 30.9%[19] - Revenue from North America was HKD 54,321,000 in 2023, down from HKD 69,486,000 in 2022, which is a decrease of approximately 21.8%[19] - Total revenue from sales of goods was HKD 629,430,000 in 2023, a decrease of 15.3% from HKD 743,612,000 in 2022[21] Assets and Liabilities - Total assets decreased from HKD 860,836,000 in 2022 to HKD 830,425,000 in 2023, a decline of approximately 3.7%[8] - Current assets decreased from HKD 746,970,000 in 2022 to HKD 714,485,000 in 2023, a decline of about 4.3%[8] - Cash and cash equivalents increased from HKD 377,555,000 in 2022 to HKD 462,796,000 in 2023, an increase of approximately 22.5%[8] - Total liabilities decreased from HKD 207,882,000 in 2022 to HKD 227,956,000 in 2023, a decrease of about 8.8%[8] - The company’s non-current assets decreased from HKD 321,748,000 in 2022 to HKD 340,577,000 in 2023, a decrease of approximately 5.5%[8] Market Outlook and Strategy - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[2] - The management expressed optimism about future growth despite the current financial challenges, aiming for a recovery in revenue and profitability[2] - The company is investing in new technology development to improve operational efficiency and product quality[2] - The company is diversifying its product mix and market coverage to reduce reliance on single products and markets, benefiting from the automotive electronics boom[48] Operational Challenges - The PCB manufacturing industry faces challenges such as rising operational costs due to stricter environmental regulations and increased labor costs in China[46] - The market is experiencing intense competition, with many PCB manufacturers expanding capacity, leading to price pressure and narrowing profit margins in 2023[44] Corporate Governance - The company has adhered to the corporate governance code since January 1, 2023, except for the separation of the roles of Chairman and CEO until August 1, 2023[98][99] - As of August 1, 2023, the company appointed a new Chairman and CEO, ensuring compliance with the corporate governance code[100] - The Audit Committee consists of three independent non-executive directors and has reviewed the annual performance up to December 31, 2023, confirming adherence to applicable accounting standards[102] Future Developments - The group plans to develop a new production base outside of Shenzhen Pingshan to maintain competitiveness amid rising labor costs and to adapt to future development needs[56] - The company is actively seeking opportunities to establish a PCB production base in collaboration with independent third parties[88]
恩达集团控股(01480) - 2023 - 年度业绩