Financial Performance - The company's revenue and profit both recorded a double-digit decline due to geopolitical tensions, persistent inflation, and multiple interest rate hikes, leading to a challenging overall performance in 2023 [2]. - The company's revenue for the fiscal year ending December 31, 2023, was HKD 3,450,954,000, a decrease of 23.3% from HKD 4,501,532,000 in 2022 [45]. - Gross profit for 2023 was HKD 700,717,000, down from HKD 989,106,000 in the previous year, reflecting a decline of 29.1% [45]. - The net loss for the year was HKD 1,765,000, significantly improved from a loss of HKD 252,722,000 in 2022 [47]. - Basic and diluted earnings per share for 2023 were HKD 0.13 cents, compared to a loss of HKD 3.89 cents per share in 2022 [47]. - The total comprehensive loss for the year was HKD 252,003,000, compared to HKD 962,109,000 in 2022, indicating a significant reduction in losses [52]. - The overall business revenue decreased by 30.65% compared to last year, with a significant drop in profit margin exceeding 83% [104]. - The company reported a basic earnings per share of HKD 0.13, compared to a basic loss per share of HKD 3.89 in 2022 [131]. Dividends - The company decided not to recommend a final dividend for the year ending 2023, compared to a dividend of HKD 0.02 per share in 2022 [18]. - The company decided not to recommend a final dividend for the year ending December 31, 2023, compared to a dividend of HKD 0.02 for the year ending 2022 [23]. - The company will not declare an interim dividend for 2023, compared to an interim dividend of HKD 0.5 per share in 2022 [132]. Assets and Liabilities - The company's equity attributable to shareholders decreased by 3.23% to HKD 7,411,477,000 compared to HKD 7,658,694,000 at the end of 2022 [7]. - Non-current liabilities increased significantly due to new loans from major shareholders and banks, while current liabilities decreased due to repayments [8]. - The company's liquidity position as of December 31, 2023, included cash and short-term bank deposits of HKD 1,713,152,000 [160]. - The company's bank and other borrowings amounted to HKD 1,388,558,000 [109]. - The total trade and other receivables amounted to HKD 899,827,000, net of credit loss provisions of HKD 57,374,000, compared to HKD 946,632,000 and HKD 54,684,000 in 2022 [123]. Operational Performance - The rental rates for Shenzhen Aerospace Technology Plaza improved significantly, with commercial space at 72.90% and office space at 41.00% as of December 31, 2023, compared to 39.40% and 32.70% respectively in 2022 [19]. - The company has made significant investments in technology innovation and R&D, achieving breakthroughs in various fields, including 3D touch technology and 5G millimeter-wave filter development [17]. - The company is actively managing risks and expanding its customer base to navigate the ongoing economic challenges [4]. - The company plans to enhance production automation, optimize product quality, and reduce costs to improve profitability in the challenging operating environment of 2024 [4]. - The company is actively optimizing its business and product structure to respond to market demands and trends amid intense industry competition [126]. Research and Development - The company is actively involved in R&D for high-tech products, including the development of 5G millimeter wave filter chips [167]. - The company continues to assist industrial enterprises in upgrading manufacturing capabilities and smart factory transformations [167]. - Research and development expenses increased to HKD 162,388,000 from HKD 155,523,000, reflecting a growth of 4.4% [45]. Employee and Governance - As of December 31, 2023, the company and its subsidiaries had approximately 7,200 employees distributed across Mainland China, Hong Kong, and Vietnam [32]. - The company has maintained compliance with the Corporate Governance Code throughout 2023 [34]. - The Audit Committee consists of independent non-executive directors and is responsible for reviewing the company's financial information and monitoring internal controls [38]. - The company has established an Environmental, Social, and Governance Committee to formulate relevant policies and report matters [22]. Market and Segment Performance - The company's revenue from the technology sector for the year ending December 31, 2023, was HKD 3,234,653,000, a decrease of 22.63% compared to the previous year [103]. - Operating profit from the technology sector was HKD 57,773,000, a significant decrease of 72.81% year-on-year [103]. - Total external sales for the technology industry injection products reached HKD 1,412,413, with a segment performance of HKD 37,196 [61]. - The LCD segment generated external sales of HKD 716,845, contributing HKD 63,498 to segment performance [61]. - The PCB segment reported external sales of HKD 872,700, with a segment performance of HKD 22,438 [61]. - The smart charger segment had external sales of HKD 216,605, resulting in a segment loss of HKD 17,876 [61]. - The aerospace services segment, specifically the Shenzhen Aerospace Technology Plaza property investment, generated external sales of HKD 310,268, contributing HKD 389,340 to segment performance [62]. Future Plans - The company plans to strengthen market development and adjust market expansion strategies in response to ongoing economic challenges [98]. - The company will continue to enhance innovation investments to ensure major projects progress in an orderly manner [98]. - The company plans to continue exploring and implementing new business development opportunities to create value for shareholders [151]. - The company is advancing its "14th Five-Year" development plan, focusing on high-quality development and innovation-driven strategies [125].
航天控股(00031) - 2023 - 年度业绩