Financial Performance - Revenue for 2023 reached $89.1 million, a significant increase of 62.2 million compared to $26.9 million in 2022[48] - The company reported a profit of $7.1 million for 2023, reversing from a loss of $89.4 million in 2022[48] - The group reported external revenue of $89,059 thousand for the year ended December 31, 2023, compared to $26,873 thousand in the previous year, representing a significant increase[156] - The total comprehensive income for the year was 4,934 thousand USD, compared to a loss of 89,631 thousand USD in the prior year[138] - The company reported a pre-tax profit of $7,087 thousand for 2023, a significant recovery from a loss of $89,434 thousand in 2022[140] Investment Activities - The group held non-listed private equity fund investments with a total book value of $53,398,000 in 2023, up from $36,966,000 in 2022[16] - The group invested $62.3 million in unlisted financial assets, primarily in unlisted investment funds and equity investments[60] - The company committed $30 million to subscribe for 30 million units in the Sixty Degree Capital Fund III, focusing on long-term capital appreciation in healthcare and technology sectors[102] - The group invested in three non-listed hedge funds with a total value of $5,048,000 as of December 31, 2023, down from ten funds valued at $60,521,000 in 2022[200] - The fair value of non-listed private equity funds held by the company was $256,951,000, down from $290,247,000 in the previous year[198] Revenue Sources - Interest income from bank deposits totaled $8,608,000 in 2023, compared to $4,860,000 in 2022, representing a significant increase[4] - Other income for the year was $25.1 million, a substantial increase from $9.1 million in 2022, primarily driven by interest income from fixed income investments[30] - The company reported a foreign exchange loss of $1,851 thousand in 2023, compared to a gain of $2,370 thousand in 2022[140] - Total revenue for 2023 was $29,939 thousand in interest income, $56,711 thousand in dividend income, and $957 thousand in commission income, compared to $13,930 thousand, $10,107 thousand, and $1,388 thousand respectively in 2022[144] Expenses and Costs - Total employee costs for 2023 amounted to $4,778,000, a decrease of 16.4% compared to $5,716,000 in 2022[7] - Administrative expenses decreased to $7.5 million from $10.9 million in the previous year, attributed to effective cost control measures implemented by the company[32] - The expected credit loss on financial assets was $2,643,000 in 2023, compared to $1,904,000 in 2022, indicating an increase in credit risk[4] - The expected credit loss provision for outstanding receivables was $18,000, a significant reduction from $897,000 in 2022, indicating improved credit quality[41] Asset Management - The group’s non-current assets increased to $743.6 million in 2023 from $593.7 million in 2022, a rise of $149.9 million, mainly due to an increase in long-term deposits amounting to $200.0 million[95] - The group’s total equity attributable to owners was $1,536.8 million, with no significant changes in capital structure since June 30, 2023[98] - The group maintained a capital-to-debt ratio of zero as of December 31, 2023, with no outstanding bank borrowings[97] - The group’s cash and cash equivalents decreased by $722.1 million in 2023, compared to a decrease of $48.9 million in 2022[96] Market and Strategic Focus - The company plans to maintain a cautious approach in its investment strategy, focusing on fixed income assets to provide a safety net for its overall investment portfolio[33] - The company aims to optimize existing product offerings while actively seeking new opportunities to expand its quality customer base[56] - The group is actively seeking investment opportunities in high-end commercial properties in Hong Kong and other regions, including North America and Europe, following the lifting of travel restrictions[93] - The group plans to explore new business opportunities and maintain a low credit risk level while closely monitoring the market as global economic activities and consumer spending grow[122] Dividends and Shareholder Returns - The proposed final dividend for the fiscal year ending December 31, 2023, is $0.12 per share, consistent with the previous year[26] - The company paid dividends of $6,901 thousand to shareholders in 2023, slightly down from $6,913 thousand in 2022[140] Employee and Corporate Governance - As of December 31, 2023, the group employed 42 staff members, offering competitive compensation and benefits, including salaries, medical plans, group insurance, and performance bonuses[125] - The company has adopted and complied with all applicable codes of corporate governance as per the listing rules[114]
国际资源(01051) - 2023 - 年度业绩