Financial Performance - The revenue for the fiscal year 2023 was approximately HKD 2,529.8 million, a decrease of 5.9% compared to fiscal year 2022[2]. - The gross profit for fiscal year 2023 was approximately HKD 164.0 million, an increase of 42.8% compared to fiscal year 2022[2]. - The net loss attributable to the company's owners for fiscal year 2023 was approximately HKD 16.2 million, compared to a net loss of HKD 32.4 million in fiscal year 2022[2]. - The basic loss per share for fiscal year 2023 was HKD 1.53, compared to HKD 3.13 in fiscal year 2022[6]. - The total comprehensive loss for the year was HKD 12.2 million, compared to HKD 39.0 million in the previous year[4]. - The group reported a net loss attributable to shareholders of HKD 16.2 million for the fiscal year 2023, compared to a loss of HKD 32.4 million in 2022, indicating an improvement of approximately 50%[36]. - The group’s total revenue for the fiscal year 2023 was HKD 2,529.8 million, a decrease from HKD 2,689.1 million in 2022, reflecting a decline of about 5.9%[29]. - The group’s other income for the fiscal year 2023 was HKD 3.7 million, down from HKD 5.3 million in 2022, representing a decrease of approximately 30.2%[29]. - The group’s pre-tax loss for the fiscal year 2023 was HKD 5.2 million, compared to a pre-tax loss of HKD 33.9 million in 2022, showing a significant reduction in losses[29]. Revenue Breakdown - Revenue from external customers in China for fiscal year 2023 was HKD 1,833.3 million, down from HKD 2,200.1 million in fiscal year 2022[16]. - In the fiscal year 2023, the revenue from the digital storage products segment was HKD 1,753.9 million, down from HKD 2,020.0 million in 2022, representing a decrease of approximately 13.2%[52]. - The total revenue contribution from the two main product segments, digital storage products and general components, was 69.3% and 30.7%, respectively, to the overall group revenue[54]. - The company's revenue in the semiconductor segment was HKD 775.9 million in 2023, up from HKD 669.1 million in 2022, although gross profit decreased by 4.7% to HKD 67.0 million[163]. Assets and Liabilities - The company's total non-current assets as of December 31, 2023, were HKD 176.7 million, down from HKD 188.1 million as of December 31, 2022[7]. - The company's cash and cash equivalents as of December 31, 2023, were HKD 96.5 million, compared to HKD 99.6 million as of December 31, 2022[7]. - The group’s trade receivables before impairment totaled HKD 818.1 million as of December 31, 2023, compared to HKD 562.7 million in 2022, indicating an increase of approximately 45.4%[42]. - The company’s trade payables as of December 31, 2023, totaled HKD 164.6 million, an increase from HKD 131.8 million in 2022[67]. - The total bank financing as of December 31, 2023, was approximately HKD 452.8 million, compared to HKD 138.5 million in 2022[165]. - As of December 31, 2023, the total liabilities amounted to HKD 1,000,057 thousand, an increase from HKD 645,025 thousand in the previous year[179]. Expenses and Costs - Sales and distribution expenses were approximately HKD 49.9 million in 2023, down from HKD 54.5 million in 2022, primarily due to a decrease in commission expenses[81]. - Administrative expenses decreased to HKD 78.1 million in 2023 from HKD 79.8 million in 2022, attributed to effective cost control measures[81]. - The cost of inventory recognized as expenses for the fiscal year 2023 was HKD 2,363,301, a decrease of 7.9% from HKD 2,567,228 in 2022[191]. - Research and development expenses amounted to HKD 2,882, a decrease from HKD 3,105 in the previous year[191]. - Employee costs, including directors' remuneration, totaled approximately HKD 2,605,000 for 2023, up from HKD 2,243,000 in 2022[192]. - Commission expenses significantly decreased to HKD 13,857 from HKD 24,722, reflecting a reduction of 44%[191]. Financing and Investments - The company issued convertible bonds with a term of five years at an interest rate of 0.5%, convertible into 57,140,000 shares, representing 5.31% of the issued shares as of December 31, 2023[87]. - The company issued convertible bonds amounting to HKD 20 million with a coupon rate of 0.5%, maturing on February 23, 2027, and holders can convert them into 57,140,000 shares at HKD 0.35 per share[168]. - The group’s financing costs for fiscal year 2023 were approximately HKD 35.3 million, an increase from HKD 20.0 million in 2022, due to higher usage of factoring loans and rising market interest rates[99]. - The company plans to establish a new office in China with an investment of HKD 5,027 million[119]. - The acquisition and establishment of the Shenzhen headquarters will require HKD 35,888 million, with 100% of the funds remaining unutilized[119]. Future Outlook and Strategy - The semiconductor market is expected to grow by 13.1% in 2024, reaching USD 588.36 billion, driven by demand in AI, IoT, and new energy applications[137]. - The company established a new energy product design company in 2022 to capitalize on growth opportunities in the renewable energy sector[126]. - The company plans to actively participate in global trade shows in 2024 to promote its self-branded inverters and energy storage products[126]. - The company is focusing on diversifying its development strategy to capture industry changes and enhance its competitive advantage in both traditional and emerging markets[140]. - The company is committed to achieving self-sufficiency in the semiconductor supply chain, accelerating the domestic substitution process[139]. - The company is actively optimizing its product structure and supply chain to mitigate the impacts of industry fluctuations[156].
光丽科技(06036) - 2023 - 年度业绩