Business Performance - The Group's smart retail business generated revenue of approximately HK$22,011,000 for the year ended 31 December 2023, a decrease of approximately 18.5% from HK$27,071,000 in 2022[26]. - The operating loss for the smart retail business was approximately HK$3,316,000 in 2023, compared to an operating loss of approximately HK$2,832,000 in 2022[26]. - The Group's consolidated revenue for the year ended 31 December 2023 amounted to approximately HK$22,011,000, representing a year-on-year decrease of approximately 20%[34]. - Loss attributable to owners of the Company amounted to approximately HK$10,108,000 for the year ended 31 December 2023, an increase of approximately 4% compared to HK$9,746,000 in 2022[41]. - The Group's discontinued operations, including the lottery, financial technology services, and sports training businesses, incurred a loss attributable to owners of approximately HK$1,620,000 for the year ended 31 December 2023[35]. Business Strategy and Future Outlook - The Group focused on developing its smart retail business and preparing for new businesses in 2023[18]. - The application of artificial intelligence and augmented reality technologies has increased, driving demand for smart retail solutions[18]. - The Group aims to formulate flexible business strategies to seize opportunities arising from market changes[19]. - The management expressed confidence in the prospects of the smart retail business despite challenging conditions[18]. - The Group plans to continue its business growth driven by its smart retail business, focusing on cloud services and system development[65]. Financial Position - As of 31 December 2023, the Group recorded total assets of approximately HK$32,777,000, a decrease from approximately HK$41,364,000 in 2022[44]. - The current ratio of the Group as of 31 December 2023 was approximately 2, down from approximately 3 in 2022[44]. - As of December 31, 2023, the Group's total assets were approximately HK$32,777,000, down from HK$41,364,000 in 2022, while total liabilities increased to approximately HK$15,657,000 from HK$13,637,000 in 2022[49]. - The equity attributable to owners of the Company was approximately HK$18,382,000 as of December 31, 2023, down from HK$27,396,000 in 2022[52]. Dividend Policy - The Board does not recommend the payment of any dividend for the year ended 31 December 2023[43]. - The Board has adopted a Dividend Policy aimed at allowing shareholders to participate in profits while preserving liquidity for future growth opportunities[97]. - No dividend is recommended for the year ended December 31, 2023, consistent with the previous year[99]. - The financial performance and position of the Company will influence the ability to pay dividends[98]. - The Board may consider declaring special dividends in addition to interim and/or final dividends[98]. Employee and Environmental Practices - The Group thanked employees, management, customers, and business partners for their continued support[20]. - The total staff cost for the year ended December 31, 2023, was approximately HK$11,850,000, a decrease from approximately HK$14,168,000 in 2022[66]. - The Group encourages environmental protection and has implemented green office practices, such as using recycled paper and reducing energy consumption[109]. - The Group's environmental performance was satisfactory, with efforts to reduce greenhouse gas emissions noted for the year ended December 31, 2023[105]. Compliance and Governance - The Audit Committee reviewed the financial statements and accounting practices prior to recommending the annual consolidated results for the year ended December 31, 2023, to the Board for approval[114]. - The Group maintained compliance with applicable laws and regulations during the year, with no material breaches reported[107]. - The company has complied with the disclosure requirements in accordance with Chapter 20 of the GEM Listing Rules[199]. Shareholder Information - The total number of issued shares remained at 4,686,048,381 as of December 31, 2023, unchanged from 2022[52]. - The largest customer accounted for 21% of the Group's total sales, while the five largest customers combined represented 50%[154]. - The largest supplier contributed to 32% of the Group's total purchases, and the five largest suppliers combined accounted for 75%[154]. - The total long position held by Mr. Sun and associated entities in 51 Credit Card amounts to 301,222,736 shares, accounting for approximately 22.18% of the issued shares[183].
中彩网通控股(08071) - 2023 - 年度财报