Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 101,897,000, a decrease of 11.2% from HKD 114,778,000 in 2022[3] - The gross profit increased to HKD 16,778,000, up 35.1% from HKD 12,424,000 in the previous year[3] - The operating profit for the year was HKD 51,836,000, compared to an operating loss of HKD 231,892,000 in 2022[3] - The profit before tax was HKD 169,301,000, a significant recovery from a loss of HKD 287,072,000 in the prior year[3] - The net profit attributable to shareholders for the year was HKD 169,301,000, compared to a loss of HKD 287,072,000 in 2022[3] - The basic and diluted earnings per share for the year were HKD 3.44, recovering from a loss of HKD 0.583 in the previous year[3] - The company reported a total comprehensive income of HKD 167,999,000 for the year, compared to a comprehensive loss of HKD 288,280,000 in 2022[5] - The group reported a consolidated loss of HKD 9,896,000 for the year, an improvement from a loss of HKD 12,553,000 in the previous year, indicating a reduction in losses by about 21.2%[24] - The group reported a fair value gain of approximately HKD 95.4 million for the year ended December 31, 2023, compared to a loss of HKD 174.1 million in 2022[64] Revenue Breakdown - The group reported external revenue from the travel segment of HKD 99,229,000 in 2023, down from HKD 112,139,000 in 2022, representing a decrease of approximately 11.5%[24] - The property investment segment generated external revenue of HKD 2,668,000 in 2023, slightly up from HKD 2,639,000 in 2022, indicating a growth of about 1.1%[24] - Ticket sales revenue decreased to HKD 86,667,000 in 2023 from HKD 102,599,000 in 2022, representing a decline of 15.6%[32] - Rental income slightly increased to HKD 2,668,000 in 2023 from HKD 2,639,000 in 2022, a growth of 1.1%[32] - The travel business segment's revenue decreased by approximately 12% to about HKD 99,200,000, down from HKD 112,100,000 in 2022[49] - Property investment business revenue for the year ended December 31, 2023, was approximately HKD 2,700,000, compared to HKD 2,600,000 in 2022, reflecting a year-on-year increase of about 3.85%[51] Assets and Liabilities - Non-current assets totaled HKD 1,037,538,000, an increase from HKD 910,947,000 in 2022[7] - The total equity increased to HKD 887,364,000, up from HKD 719,365,000 in the previous year[8] - Cash and cash equivalents decreased to HKD 57,388,000 from HKD 147,273,000 in 2022[7] - The group's total assets for the reporting segments amounted to HKD 256,629,000 in 2023, down from HKD 274,506,000 in 2022, a decrease of approximately 6.5%[24] - The total liabilities for the reporting segments were HKD 19,665,000 in 2023, a decrease from HKD 21,706,000 in 2022, reflecting a reduction of about 9.4%[24] Client Contributions and Financial Costs - The company’s major clients contributed over 10% of total revenue, with Client A generating HKD 22,968,000 in 2023, down from HKD 58,709,000 in 2022[30] - The company's total financial costs increased to HKD 26,770,000 in 2023 from HKD 13,674,000 in 2022, a rise of 95.5%[33] Market and Operational Insights - Macau's gross gaming revenue surged to approximately MOP 183.1 billion in 2023, representing a significant year-on-year increase of about 334%[52] - The average occupancy rate of the Sofitel at Sixteen Piers reached approximately 83% for the year ended December 31, 2023, a substantial increase from 48% in 2022[58] - The number of inbound tourists to Macau reached approximately 28.2 million in 2023, recovering to about 70% of 2019 levels[52] - The Macau government lifted COVID-19 restrictions in January 2023, leading to a strong recovery in tourism and gaming sectors[52] Future Outlook and Strategic Plans - The company remains optimistic about the long-term potential of the Hong Kong commercial property market despite short-term weaknesses due to high interest rates[78] - The international tourist arrivals in 2024 are expected to return to pre-pandemic levels and may exceed 2% compared to 2019 levels[77] - The company plans to expand its product offerings for domestic and international travel platforms to meet the rapidly growing travel demand[77] - The group aims to continue advancing in positively developing sectors in 2024, focusing on sustainable long-term growth and seizing new opportunities[79] Governance and Compliance - The company has complied with all code provisions set out in the Corporate Governance Code during the year ended December 31, 2023[82] - The preliminary financial results for the year ending December 31, 2023, have been agreed upon by the auditors, confirming consistency with the draft financial statements[86] - The board of directors includes two executive directors, one non-executive director, and three independent non-executive directors[86] - The audit work conducted by the auditors does not constitute an assurance engagement, and no opinion or assurance conclusion has been issued regarding the preliminary announcement[86]
实德环球(00487) - 2023 - 年度业绩