Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 205,314,000, a decrease of 21.7% from HKD 262,271,000 in 2022[13] - The gross profit for the year was HKD 22,964,000, down 52.0% from HKD 47,857,000 in the previous year[13] - The operating loss for the year was HKD 49,331,000, compared to an operating loss of HKD 164,629,000 in 2022, indicating an improvement[13] - The net loss attributable to equity holders of the company was HKD 40,132,000, a reduction from HKD 159,952,000 in the prior year[15] - Total comprehensive loss for the year was HKD 43,533,000, down from HKD 188,990,000 in 2022[14] - The company reported a loss before tax of HKD 45,339,000 in 2023, compared to a loss of HKD 163,175,000 in 2022, indicating an improvement[31] - The loss attributable to equity holders was HKD 34,845,000 in 2023, compared to HKD 157,410,000 in 2022, indicating a decrease of about 77.9%[69] - The basic loss per share improved to HKD 0.05 in 2023 from HKD 0.20 in 2022, reflecting a 75% reduction in loss per share[69] Revenue Breakdown - Environmental maintenance service revenue decreased to HKD 161,419,000 from HKD 247,348,000, representing a decline of 34.7%[33] - Trade business revenue increased significantly to HKD 19,986,000 from HKD 2,157,000, marking a growth of 828.5%[33] - Revenue from environmental maintenance business was HKD 107,867,000 in 2023, down from HKD 144,878,000 in 2022, indicating a decrease of approximately 25.6%[56] - The revenue cost for the year was approximately HKD 182,350,000, a decrease of about 15.0% compared to HKD 214,414,000 in 2022, aligning with the decline in environmental maintenance business revenue[120] - The cosmetics trading business generated revenue of approximately HKD 19,986,000, a significant increase from HKD 2,157,000 in 2022[160] Assets and Liabilities - Current assets decreased to HKD 448,082,000 from HKD 505,512,000 in the previous year, reflecting a decline of 11.3%[17] - Total assets decreased to HKD 588,504,000 from HKD 681,957,000, a decline of 13.7%[18] - Total liabilities decreased to HKD 157,462,000 from HKD 209,219,000, indicating a reduction of 24.8%[18] - Non-current assets decreased from HKD 176,445,000 in 2022 to HKD 140,422,000 in 2023[31] - Trade receivables decreased to HKD 152,833,000 in 2023 from HKD 186,468,000 in 2022, a decline of approximately 18.0%[74] - The company’s trade payables decreased to HKD 20,528,000 in 2023 from HKD 44,149,000 in 2022, a reduction of approximately 53.5%[78] Impairment and Provisions - The impairment of goodwill was recorded at HKD 91,701,000 in 2022, with no impairment in 2023[30] - The company reported a net impairment loss on financial assets and contract assets of HKD 15,392,000 in 2023, compared to HKD 12,474,000 in 2022, reflecting an increase of approximately 23.3%[56] - The company recognized contract assets of HKD 29,436,000 in 2023, with a provision for impairment of HKD 13,078,000[33] - The company’s goodwill was fully impaired as of December 31, 2023, indicating a complete write-off of previously recognized goodwill[84] Cash Flow and Expenditures - The cash and cash equivalents increased to HKD 245,234,000 in 2023 from HKD 81,911,000 in 2022[107] - Capital expenditure for 2023 was HKD 1,243,000, down from HKD 2,367,000 in 2022, a decrease of 47.5%[30] - Employee benefits expenses for the year amounted to approximately HKD 107,867,000, a decrease of about 25.5% compared to HKD 144,878,000 in the previous year, primarily due to the reduction in workforce[164] Corporate Governance and Compliance - The company has adhered to the corporate governance code and will continue to review and update its practices to ensure compliance with legal and business standards[190] - The audit committee reviewed the annual results for the year ending December 31, 2023, ensuring compliance with the relevant regulations[194] Future Outlook and Strategy - The company plans to continue utilizing available resources to develop its core and new businesses, particularly in high-growth sectors in China, including high-tech and internet businesses[180] - The total amount allocated for new environmental maintenance projects and logistics chain business development is approximately HKD 149.5 million[188] Employee and Workforce Changes - As of December 31, 2023, the group had cash and cash equivalents of approximately HKD 245,234,000, an increase of 199.4% from HKD 81,911,000 in 2022[138] - As of December 31, 2023, the company had a total of 1,809 employees, a decrease from 2,192 employees as of December 31, 2022, reflecting a reduction of approximately 17.4%[164]
网誉科技(01483) - 2023 - 年度业绩