Financial Performance - For the year ended December 31, 2022, the group recorded a loss of HKD 166.3 million, compared to a loss of HKD 88.4 million for the year ended December 31, 2021[19]. - The adjusted EBITDA from the gaming segment managed by the group was a loss of HKD 38 million for the year ended December 31, 2022, down from a profit of HKD 42.3 million for the year ended December 31, 2021[18]. - The group reported a net loss of HKD 166,330,000 for the year ended December 31, 2022, compared to a loss of HKD 88,367,000 in the previous year[111]. - Total comprehensive expenses for the year amounted to HKD 161,908,000, up from HKD 87,032,000 in the prior year[112]. - The gross loss for the year was HKD 170,962,000, compared to a loss of HKD 87,992,000 in the previous year, indicating a significant increase in losses[125]. - The basic loss per share for the year was HKD (14.7), compared to HKD (8.2) in 2021, reflecting a worsening financial performance[125]. - The group reported a loss before tax of HKD 170,962,000 for the year ended December 31, 2022, compared to a loss of HKD 87,992,000 in 2021, indicating a significant increase in losses[164]. Revenue Decline - The total gaming revenue from traditional gaming tables decreased to HKD 207.5 million in 2022 from HKD 341.4 million in 2021, representing a decline of approximately 39.2%[22]. - The group reported a total of HKD 490.9 million in gaming revenue for the year ended December 31, 2022, down from HKD 761.7 million in 2021, reflecting a decrease of approximately 35.5%[22]. - The group's revenue from the gaming sector for the year ended December 31, 2022, was HKD 266.9 million, representing a decline of 35.8% compared to HKD 415.7 million in the previous year[46]. - Revenue from the sale/rental of electronic gaming equipment and systems in Macau for the year ended December 31, 2022, was HKD 7.4 million, down 88.6% from HKD 64.7 million in 2021[46]. - The company reported a total revenue of HKD 297,820,000 for the year ended December 31, 2022, compared to HKD 494,126,000 in 2021, representing a decrease of approximately 39.7%[125]. - Revenue from customer contracts was HKD 292,998,000, down from HKD 486,768,000 in the previous year, indicating a decrease of about 39.7%[141]. - The entertainment systems segment generated revenue of HKD 30,916,000, a significant drop from HKD 78,414,000 in 2021, reflecting a decline of approximately 60.5%[158]. Debt and Liquidity - As of December 31, 2022, the total outstanding debt of the group was HKD 188.3 million, an increase from HKD 131.4 million in 2021[39]. - The group has drawn down HKD 64.96 million from a loan facility of HKD 120 million as of December 31, 2022, which was established to strengthen liquidity[9]. - The group has secured a new three-year loan facility of HKD 70 million at an annual interest rate of 12.5%[34]. - The group has extended the maturity date of a loan agreement from December 31, 2023, to March 31, 2024, and has repaid HKD 30 million of the loan[32]. - The group reported a total of HKD 34.96 million in outstanding shareholder loans as of December 31, 2022[179]. - The company has sufficient cash and cash equivalents of HKD 20,179,000 as of December 31, 2022, to meet its financial obligations for the next twelve months[134]. - The company expects to have adequate liquidity to fulfill its financial responsibilities due to available cash and financing arrangements[119]. Employee Costs and Operations - The total employee costs for the year ended December 31, 2022, amounted to HKD 219.6 million, a decrease of 13.9% from HKD 255.2 million in 2021[30]. - The total employee costs amounted to HKD 116,807,000, down from HKD 139,608,000 in 2021, which is a reduction of about 16.3%[148]. - As of December 31, 2022, the group had approximately 660 employees, including about 360 gaming business employees hired by the gaming operator[108]. Future Outlook and Strategy - The group remains cautiously optimistic about the future of the Macau gaming industry, despite facing global economic challenges and geopolitical tensions[28]. - The new gaming legislation and ten-year gaming license contracts are expected to provide a clearer outlook for the Macau gaming industry[27]. - The group is focusing on core business development and improving operational efficiency to navigate market uncertainties[28]. - The company plans to continue its market expansion efforts and invest in new technologies to enhance its product offerings[142]. Capital Expenditures and Commitments - The group had capital commitments of HKD 6,600,000 for the acquisition of properties, plants, and equipment as of December 31, 2022, up from HKD 4,800,000 in 2021[54]. - Capital expenditures for the year were HKD 52,671,000, compared to HKD 33,152,000 in the previous year, reflecting an increase of approximately 58.9%[164]. - The group’s capital expenditures included HKD 31,449,000 in management services and HKD 20,661,000 in entertainment systems for the year ended December 31, 2022[163]. Financial Management - The group did not use any financial instruments for hedging purposes during the fiscal year ending December 31, 2022[53]. - The group had no significant unrealized exchange differences recognized in the financial results for the year ending December 31, 2022[51]. - The aging analysis of trade receivables as of December 31, 2022, showed HKD 4.4 million in receivables aged 0 to 30 days, down from HKD 24.68 million in 2021[192]. - The group did not declare any dividends for the years ended December 31, 2022, and 2021[190].
汇彩控股(01180) - 2022 - 年度业绩