Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 126,339, a significant decrease from HKD 3,116,109 in 2022, representing a decline of approximately 95.9%[3] - The net loss attributable to ordinary equity holders for the year was HKD 52,436,843, compared to a loss of HKD 52,745,075 in the previous year, indicating a slight improvement of 0.6%[3] - The company's operating loss for the year was HKD 52,254,603, which is a marginal improvement from the operating loss of HKD 52,650,558 in 2022, showing a reduction of about 0.8%[3] - The pre-tax loss for the company for the year ending December 31, 2023, was HKD 52,436,843, slightly improved from a loss of HKD 52,745,075 in 2022[12] - The company recorded a net loss attributable to shareholders of HKD 52,436,843 for the year, compared to a loss of HKD 52,745,075 in 2022[25] Assets and Liabilities - The total assets decreased from HKD 142,405,254 in 2022 to HKD 90,035,851 in 2023, reflecting a decline of approximately 36.8%[4] - The total assets as of December 31, 2023, amounted to HKD 95,243,209, down from HKD 149,407,330 in 2022, reflecting a decrease of approximately 36.2%[14] - The total current assets decreased from HKD 148,762,263 in 2022 to HKD 93,623,662 in 2023, a decline of about 37.1%[4] - The total liabilities as of December 31, 2023, were HKD 5,405,256, a decrease from HKD 7,132,534 in 2022, indicating a reduction of approximately 24.3%[14] Cash and Investments - The company's cash and cash equivalents decreased from HKD 27,830,332 in 2022 to HKD 17,309,428 in 2023, a reduction of about 37.8%[4] - The company’s investment activities are managed by Evergrande Securities (Hong Kong) Limited, focusing on long-term capital appreciation through investments in capable enterprises[5] - The company reported a realized loss of HKD 59,123,751 on financial assets measured at fair value through profit or loss for the year 2023, compared to a realized loss of HKD 11,246,814 in 2022[18] - The total fair value loss on financial assets recognized through profit or loss amounted to HKD 59,123,751, offset by unrealized gains of HKD 23,758,566[32] - The company holds nine investments as of December 31, 2023, including four listed companies in Hong Kong, three private equity securities, one limited partnership fund, and one open-ended fund[38] Employee Costs - The company incurred total employee costs (excluding directors' remuneration) of HKD 4,132,184 in 2023, up from HKD 3,885,403 in 2022, representing an increase of approximately 6.3%[20] - The total salary cost for the year was approximately HKD 4,132,184, compared to HKD 3,885,403 for the year ending December 31, 2022, reflecting an increase of about 6.35%[67] - As of December 31, 2023, the company had eight full-time employees, an increase from six full-time employees as of December 31, 2022[67] Investment Strategy - The company's investment strategy focuses on maintaining long-term investments in listed and private equity securities, with new investments made in a ramen restaurant operator during the year[36] - The company plans to continue seeking investment opportunities in high-potential listed companies and private equity securities to benefit its investors and shareholders[36] - The company aims to focus its investment strategy on the Greater China region and other major global markets[37] - The company is committed to maximizing shareholder returns through professional investment and risk management expertise[37] Governance and Compliance - The company has adopted most principles outlined in the Corporate Governance Code as of December 31, 2023, ensuring compliance throughout the year[69] - The Audit Committee, consisting of three independent non-executive directors, has held two meetings during the year to review financial performance and internal controls[72][73] - The company's auditor confirmed that the preliminary announcement of the company's performance for the year ending December 31, 2023, aligns with the amounts presented in the financial statements[74] Dividends and Fundraising - The company did not recommend any final dividend for the year, consistent with the previous year[57] - The company has not engaged in any equity fundraising activities during the year[61] Market Performance - The Hang Seng Index declined by 13.8% in 2023, while the Hang Seng China Enterprises Index fell by 14.0%[35]
中国新经济投资(00080) - 2023 - 年度业绩