Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately HKD 323.3 million, a decrease of about HKD 78.6 million or 19.6% compared to the previous year[5]. - The profit attributable to the company's shareholders for the year ended December 31, 2023, was approximately HKD 7.4 million, down 32.3% from HKD 10.9 million in the previous year[5]. - The gross profit for the year ended December 31, 2023, was HKD 26.6 million, representing an increase of 3.4% from HKD 25.7 million in the previous year[5]. - The total comprehensive income for the year ended December 31, 2023, was HKD 7.4 million, down from HKD 10.9 million in the previous year[6]. - The basic earnings per share for the year ended December 31, 2023, was HKD 0.49, compared to HKD 0.71 in the previous year[6]. - The net profit for the year was HKD 7,424,000, compared to HKD 7,533,000 in the previous year, reflecting a decline of approximately 1.5%[23]. - The company's profit before tax for 2023 was HKD 9,069,000, an increase from HKD 8,662,000 in 2022, representing a growth of approximately 4.7%[36]. - The group's net profit for the current year decreased by approximately 32.3% to about HKD 7.4 million, down from approximately HKD 10.9 million for the year ended December 31, 2022[63]. Revenue Breakdown - Revenue from equipment engineering services was HKD 309,008,000, down from HKD 384,538,000, representing a decline of approximately 19.6%[23]. - Revenue from maintenance and repair services decreased to HKD 14,299,000 from HKD 17,384,000, reflecting a decline of about 17.9%[23]. - The group's revenue from external sales for the year ended December 31, 2023, was HKD 323,307,000, a decrease from HKD 401,922,000 in 2022, representing a decline of approximately 19.5%[29]. - The maintenance and repair services segment generated a profit of HKD 26,586,000 for the year ended December 31, 2023, compared to HKD 25,717,000 in 2022, indicating an increase of about 3.4%[29]. Expenses and Costs - The cost of revenue for the year ended December 31, 2023, was HKD 296.7 million, compared to HKD 376.2 million in the previous year[6]. - Administrative expenses for the year ended December 31, 2023, were HKD 18.9 million, a decrease from HKD 20.1 million in the previous year[6]. - The total administrative expenses for the year ended December 31, 2023, were HKD 18,939,000, down from HKD 20,072,000 in 2022, indicating a reduction of about 5.6%[29]. - The total employee costs for 2023 amounted to HKD 63,131,000, up from HKD 58,284,000 in 2022, indicating an increase of about 8.5%[32]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 284,307,000, compared to HKD 279,763,000 in 2022, reflecting an increase of approximately 1.9%[8]. - Current liabilities increased to HKD 143,588,000 in 2023 from HKD 137,526,000 in 2022, representing a rise of about 4.1%[8]. - The net value of current assets reached HKD 140,719,000 in 2023, up from HKD 131,077,000 in 2022, indicating an increase of approximately 7.5%[8]. - Total equity increased to HKD 152,464,000 in 2023 from HKD 145,563,000 in 2022, marking a growth of about 4.9%[8]. - The accounts receivable for 2023 were HKD 56,052,000, significantly lower than HKD 98,129,000 in 2022, showing a decline of about 42.8%[42]. - The total contract assets decreased to HKD 111,458,000 in 2023 from HKD 116,379,000 in 2022, primarily due to a reduction in the number and scale of completed but unbilled construction contracts[45][46]. Accounting Policies and Compliance - The company did not apply any new accounting standards that were not yet effective during the reporting period, ensuring compliance with existing regulations[9]. - The company has adopted new accounting policies related to long-term service liabilities in accordance with the guidelines issued by the Hong Kong Institute of Certified Public Accountants[13]. - The implementation of the revised regulations will cease the use of the previous accounting method, impacting service costs and interest expenses from June 2022 onwards[13]. - The company anticipates that the changes in accounting policies will lead to adjustments in the financial statements for the upcoming fiscal periods[13]. Shareholder Information - The company will not declare any final dividend for the year ended December 31, 2023, consistent with the previous year[5]. - The board of directors does not recommend the payment of any final dividend for the current year[98]. - The annual general meeting will be held on May 14, 2024, providing a platform for direct communication between the board and shareholders[103]. - The company expresses gratitude to shareholders, business partners, and customers for their continued support[107]. Corporate Governance - The company has complied with corporate governance codes and standards, enhancing accountability and transparency[93]. - Directors confirmed adherence to the standards for securities trading, with no known violations during the year[94]. - The company has adhered to applicable labor laws and regulations, ensuring employee welfare is regularly reviewed and improved[89]. - There were no strikes, work stoppages, or labor disputes affecting operations during the year[89].
立基工程控股(01690) - 2023 - 年度业绩