Financial Performance - For the year ended December 31, 2023, the company reported a revenue of HKD 372,543,000, an increase of 5.4% compared to HKD 351,967,000 in 2022[5] - The net loss attributable to equity shareholders for 2023 was HKD 74,634,000, a decrease from a net loss of HKD 86,384,000 in 2022, representing a 13.5% improvement[3] - The basic and diluted loss per share for 2023 was HKD 0.0785, compared to HKD 0.0909 in 2022, indicating a reduction of 13.5%[3] - The operating profit for the year was HKD 23,601,000, compared to an operating loss of HKD 21,040,000 in the previous year, marking a significant turnaround[5] - The company recorded other income and gains of HKD 21,621,000 in 2023, compared to a loss of HKD 8,998,000 in 2022, reflecting a substantial improvement[5] - The total comprehensive income for the year was HKD (73,438,000), compared to HKD (84,965,000) in 2022, showing a 13.5% reduction in losses[3] - The company reported a net loss of HKD 73,438,000 for the year, compared to a net loss of HKD 84,965,000 in the previous year, indicating an improvement in financial performance[37] - Basic loss per share was HKD 74,634,000, compared to HKD 86,384,000 in the previous year, reflecting a reduction in losses[34] - The company reported a consolidated loss before tax of HKD 86,262,000 in 2023, compared to a loss of HKD 91,167,000 in 2022, indicating an improvement of approximately 5.5%[62] Revenue Breakdown - The company’s revenue from North America increased to HKD 144,408,000 in 2023, up from HKD 129,725,000 in 2022, representing an increase of 11.5%[7] - Revenue from Europe also saw growth, reaching HKD 171,446,000 in 2023, compared to HKD 165,530,000 in 2022, an increase of 3.5%[7] - Revenue from customer contracts under HKFRS 15 increased to HKD 322,751,000 in 2023, up from HKD 302,379,000 in 2022, reflecting a growth of approximately 6.67%[65] - Total revenue, including rental income from investment properties, rose to HKD 372,543,000 in 2023, compared to HKD 351,967,000 in 2022, marking an increase of about 5.83%[65] - The revenue from the toy and model train business was approximately HKD 322.75 million, representing an increase of about 6.74% from the previous year[104] Assets and Liabilities - The company’s total assets as of December 31, 2023, were not disclosed in the provided documents, but the focus remains on improving operational efficiency and reducing losses[5] - Total assets less current liabilities amounted to HKD 2,175,791,000, a decrease from HKD 2,249,146,000 in the previous year[39] - Non-current assets, including investment properties, totaled HKD 2,023,641,000, down from HKD 2,073,199,000 in the previous year[39] - The company’s total liabilities increased to HKD 820,281,000 from HKD 705,197,000 in the previous year, reflecting a rise in financial obligations[39] - Total assets less current liabilities decreased to HKD 2,175,791,000 in 2023 from HKD 2,249,146,000 in 2022, representing a decline of approximately 3.25%[47] - The net assets of the company decreased to HKD 2,114,820,000 in 2023 from HKD 2,179,101,000 in 2022, a reduction of about 2.96%[47] - The total bank borrowings amounted to approximately HKD 659.01 million, an increase from HKD 521.32 million in 2022, with a debt-to-equity ratio of approximately 31.16%[116] - The group's net current liabilities were approximately HKD 287.23 million, compared to HKD 205.92 million in 2022[116] Operational Efficiency and Future Outlook - Future outlook includes a focus on market expansion and potential new product development, although specific figures or timelines were not provided in the current report[5] - The group plans to diversify its business and seek sales opportunities to improve efficiency and strengthen cost control measures[104] - The revitalization project of the Kai Tak Building is expected to be completed soon, which is anticipated to increase the group's revenue sources and improve profitability[134] Employee and Corporate Governance - As of December 31, 2023, the group employed 817 full-time staff, a decrease from 1,009 in 2022, with employee costs approximately HKD 163.22 million, down from HKD 170.40 million in 2022[134] - The audit committee has reviewed the main accounting policies and discussed audit, internal control, and financial reporting matters for the year ending December 31, 2023[141] - The company does not recommend a final dividend for the year ending December 31, 2023, consistent with the previous year where no dividend was declared[135] Customer Base and Market Position - The company has diversified its customer base, with no single customer accounting for more than 10% of total revenue in both 2023 and 2022[55] - The group has maintained a diversified customer base, with no single customer accounting for more than 10% of total revenue for the fiscal year[110] Environmental and Social Responsibility - The group has implemented a comprehensive environmental, health, and safety management system to manage its environmental footprint[129] - The group has established long-term trust relationships with employees, customers, and suppliers, emphasizing a supportive and innovative work environment[130]
开达集团(00180) - 2023 - 年度业绩