Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 491,112,000, representing a 72.3% increase compared to HKD 285,056,000 in 2022[2] - Gross profit for the same period was HKD 358,928,000, up 83.8% from HKD 195,325,000 in the previous year[2] - The company reported a net profit attributable to shareholders of HKD 48,588,000, a significant recovery from a loss of HKD 125,612,000 in 2022[2] - Basic earnings per share improved to HKD 0.07 from a loss of HKD 0.1809 in the prior year[2] - The company achieved an operating profit of HKD 127,116,000, recovering from an operating loss of HKD 12,890,000 in 2022[3] - EBITDA for the year was HKD 125,465,000, compared to an LBITDA of HKD 46,518,000 in the previous year[2] - The total comprehensive income for the year was HKD 60,624,000, a turnaround from a loss of HKD 109,332,000 in 2022[3] - The group reported a pre-tax profit of HKD 9,394,000 in 2023, a recovery from a loss of HKD 48,106,000 in 2022[42] Assets and Liabilities - Total assets increased by 5.7% to HKD 1,003,720,000 from HKD 949,936,000 in 2022[2] - Net assets rose by 20.5% to HKD 356,127,000, compared to HKD 295,503,000 in the previous year[2] - The debt-to-asset ratio improved to 170.0% from 212.6%, a decrease of 42.6%[2] - The total liabilities reached HKD 647,593,000, compared to HKD 654,433,000 in the previous year[5] - The total non-current liabilities increased to HKD 413,582,000 from HKD 391,476,000 in 2022[5] - As of December 31, 2023, the group's net current liabilities amounted to approximately HKD 130.1 million, a decrease of 27.1% from HKD 178.5 million in 2022[73] - The group's interest-bearing bank loans were approximately HKD 359.8 million as of December 31, 2023, down from HKD 371.9 million in 2022, indicating a reduction of 3.0%[74] Revenue Segments - Revenue from food and beverage sales in Hong Kong and Taiwan reached HKD 367.49 million, up from HKD 220.37 million in the previous year, representing a growth of 66.7%[22] - Sales from food souvenirs, including festive foods, increased to HKD 103.63 million from HKD 44.77 million, marking a growth of 131.5%[22] - Total revenue from property investment rentals was HKD 19.99 million, slightly up from HKD 19.91 million[22] - Total reported segment revenue for the year ended December 31, 2023, was HKD 498,738,000, a significant increase from HKD 302,882,000 in 2022, representing a growth of approximately 64.5%[32] - The food and beverage segment generated revenue of HKD 374,359,000 for the year ended December 31, 2023, up from HKD 237,006,000 in 2022, marking an increase of approximately 57.9%[32] - The property investment segment reported a profit of HKD 10,251,000 for the year ended December 31, 2023, compared to a profit of HKD 3,558,000 in 2022, indicating a growth of approximately 187.5%[32] Operational Performance - The group recorded a net operating cash inflow of HKD 124,555,000 during the year[9] - The company has unutilized bank and credit facilities totaling approximately HKD 74,100,000[10] - Management is implementing various cost control measures, including flexible working hours, to maintain operational performance and cash flow in the coming year[14] - The group plans to consider the disposal of certain investment properties and land to repay bank loans and strengthen liquidity[14] - The group expanded its workforce to approximately 629 employees, an increase from 586 in 2022, to enhance operational efficiency and support logistics[71] Market Conditions and Strategy - The group benefits from the recovery of tourism and consumer spending in Macau and Hong Kong, leading to significant improvements in restaurant and food souvenir shop performance[88] - Management maintains an optimistic outlook on the business environment, supported by a steady increase in visitor numbers[88] - The group faces challenges such as intensified competition in the food and beverage industry, rising operational costs, and changing consumer preferences[88] - The company is committed to continuously reviewing and closely monitoring its operational performance to enhance market position and brand value[88] - The group aims to seize opportunities in the Macau tourism and dining sectors to drive business growth[88] Governance and Compliance - The audit committee reviewed the financial statements and the annual performance before submission to the board, ensuring transparency and accuracy in reporting[84] - The company adhered to the corporate governance code throughout the year, with minor deviations noted regarding attendance at the annual general meeting[86] - The group maintained sufficient public float throughout the year, ensuring compliance with regulatory requirements[83]
FUTURE BRIGHT(00703) - 2023 - 年度业绩