Financial Performance - The fiscal year 2023 is described as a year of revival for Asia Pioneer Entertainment Holdings Limited, with a significant rebound in Macau's tourism and gaming industry [15]. - By the end of 2023, Macau's monthly gaming revenue approached pre-pandemic levels, indicating a strong recovery in the market [15]. - The overall gaming revenue in Macau and the revenue from the company's casino clients showed a notable increase, reflecting the positive market trend [15]. - The total gaming revenue in Macau for the year 2023 increased by 334% year-on-year, reaching MOP 183.1 billion (approximately USD 22.7 billion), compared to about MOP 42.55 billion in 2022 [25]. - The company's revenue for the fiscal year 2023 increased by approximately 182.5% to about HKD 29.7 million, compared to approximately HKD 10.5 million in 2022 [32]. - Gross profit for 2023 was approximately HKD 10.9 million, a significant increase from a gross loss of about HKD 0.1 million in 2022 [32]. - The smart vending machine business generated revenue of approximately HKD 2.3 million with a gross profit of about HKD 0.3 million [30]. - The consulting and technical services revenue reached approximately HKD 11.8 million, representing an increase of approximately 288.6% from about HKD 3.0 million in the fiscal year 2022 [22]. - The maintenance services segment produced revenue of approximately HKD 1.6 million, up approximately 236.0% from about HKD 0.5 million in the 2022 fiscal year [182]. Market Strategy and Growth - The company plans to continue leveraging the recovery momentum in the gaming sector to enhance its market position [15]. - The management team remains committed to driving growth through strategic initiatives and operational improvements [15]. - The company is focused on expanding its market presence and exploring new opportunities in the gaming and entertainment sectors [15]. - Future outlook remains optimistic as the company anticipates sustained growth in revenue and customer engagement [15]. - The group is actively seeking opportunities to enhance overall business profitability, particularly in Macau, which is viewed as a core growth driver due to the recovery of the tourism and gaming sectors [22]. - The group plans to continue launching new machines and products in the electronic gaming equipment sector to meet the growing demand in the mass gaming market [22]. - The company aims to become a leading provider of electronic gaming equipment and smart vending machine solutions in Macau and Southeast Asia [82]. Corporate Governance - The board of directors emphasizes the importance of maintaining transparency and accountability in all business operations [15]. - The board consists of 6 members, including 3 executive directors and 3 independent non-executive directors, ensuring a balanced governance structure [58]. - The company has established a strong compliance framework, with Mr. Chen also serving as the Compliance Officer, ensuring adherence to regulatory requirements [65]. - The board's risk management committee, chaired by Mr. Xu, plays a crucial role in identifying and mitigating potential risks associated with the company's operations [59]. - The company has a robust sales team led by Ms. Maria Fatima, focusing on enhancing sales performance in the Macau and Southeast Asian markets [56]. - The company has a structured governance framework with distinct roles for the Chairman and the CEO to prevent power concentration [113]. - The company has implemented a code of conduct applicable to employees and directors, ensuring adherence to corporate governance principles [138]. - The board has established committees to delegate responsibilities and ensure effective governance practices are in place [77]. Risk Management and Compliance - The company has established policies and procedures for risk management and internal controls to mitigate business-related risks [148]. - The board of directors is responsible for overseeing the risk management and internal control systems, which are deemed sufficient and effective for the current business environment [152]. - The company plans to review its risk management and internal control systems annually [153]. - The independent auditor's report will be included in the annual report, covering the adequacy and effectiveness of the company's risk management and internal control systems [149]. - The company has maintained good relationships with suppliers, customers, employees, and other stakeholders without any significant disputes during the year [191]. - The company is committed to environmental sustainability and compliance with environmental laws and regulations [188]. Shareholder Relations - The company has adopted a dividend policy to allow shareholders to share in the profits while reserving sufficient reserves for future development [106]. - The board has resolved not to recommend any final dividend for the current year [186]. - The company did not declare or pay any dividends for the current year, consistent with the previous fiscal year [185]. - The annual general meeting for shareholders is scheduled for May 10, 2024 [196]. Technology and Innovation - The company is actively investing in new technologies and product development to enhance customer experience and operational efficiency [15]. - The company is committed to upgrading facilities and using advanced technology to enhance competitiveness and productivity [82]. - The company has implemented backend data tracking systems in all vending machines to monitor sales and improve operational efficiency [27]. - The company has established mechanisms to ensure strong independent elements within the board and to obtain independent opinions and advice [88]. Employee and Diversity Initiatives - As of December 31, 2023, the gender ratio of employees, including senior management, was 53% male and 47% female, indicating a commitment to employee diversity [105]. - The company aims to appoint one female director by December 31, 2024, to achieve gender diversity on the board [104].
亚洲先锋娱乐(08400) - 2023 - 年度业绩