Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 18,938,000, representing an increase of 4.3% compared to HKD 18,151,000 in 2022[6]. - The loss before tax from continuing operations was HKD 25,732,000, improved from a loss of HKD 30,175,000 in the previous year, indicating a reduction of about 14.4%[6]. - The total comprehensive loss for the year was HKD 25,358,000, compared to HKD 29,682,000 in 2022, reflecting a decrease of approximately 14.5%[8]. - The basic and diluted loss per share from continuing operations was HKD 0.044, compared to HKD 0.057 in 2022, showing an improvement of about 22.8%[8]. - The group reported a net loss of approximately HKD 25,673,000 for the year ending December 31, 2023[16]. - The net loss attributable to equity holders for the year was approximately HKD 25,700,000, a decrease from HKD 27,800,000 in 2022[130]. - The basic and diluted loss per share for continuing operations was approximately HKD 0.044, down from HKD 0.057 in 2022[130]. Revenue Breakdown - Financial services revenue for 2023 was HKD 10,912,000, a decrease of 3.34% from HKD 11,288,000 in 2022[28]. - Corporate consulting revenue decreased by 13.93% to HKD 4,025,000 in 2023 from HKD 4,678,000 in 2022[28]. - Digital business revenue increased significantly by 80.43% to HKD 2,822,000 in 2023 from HKD 1,566,000 in 2022[28]. - The company reported a total segment profit of HKD 2,088,000 for 2023, compared to HKD 1,714,000 in 2022, indicating an increase of 21.83%[31]. - Digital business segment incurred a loss of HKD 3,484,000 in 2023, compared to a loss of HKD 2,516,000 in 2022[31]. - Corporate finance advisory services generated revenue of approximately HKD 8,400,000, representing 44.4% of the group's total revenue, up from HKD 5,200,000 in 2022[131]. - Digital business revenue was approximately HKD 3,500,000 for the year ended December 31, 2023, compared to HKD 1,600,000 in 2022, but incurred a segment loss of HKD 3,500,000, worsening from a loss of HKD 2,500,000 in 2022[143]. Asset and Liability Management - Non-current assets decreased to HKD 27,961,000 from HKD 36,343,000, a decline of approximately 23.0%[10]. - Current assets decreased to HKD 28,752,000 from HKD 42,754,000, representing a decrease of about 32.8%[10]. - The total liabilities decreased to HKD 78,321,000 from HKD 75,601,000, an increase of approximately 3.0%[11]. - The company's equity showed a net loss of HKD 34,804,000, worsening from a loss of HKD 28,935,000 in the previous year[11]. - Total assets decreased to HKD 56,713,000 in 2023 from HKD 79,097,000 in 2022, a decline of 28.29%[32]. - Total liabilities decreased to HKD 91,517,000 in 2023 from HKD 108,032,000 in 2022, a reduction of 15.27%[32]. - The company has unutilized tax losses of approximately HKD 60,710,000 as of December 31, 2023, compared to 49,680,000 HKD in 2022[51]. Strategic Direction - The company plans to continue focusing on financial services, corporate consulting, and digital business as part of its strategic direction moving forward[13]. - The company aims to explore investment opportunities in the U.S. to expand its client base in the financial services sector[156]. - The company plans to become a major organizer of live concerts and events, enhancing its control over related intellectual property assets[154]. - The company recognizes ongoing demand for corporate governance services among Hong Kong listed issuers[157]. Accounting and Compliance - The financial statements were prepared on a going concern basis, supported by a commitment from a convertible bondholder to not demand repayment until the group has sufficient financial resources[16]. - The adoption of new or revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's financial position and performance for the current and prior periods[18]. - The group has implemented changes in accounting policies due to the abolition of the offset mechanism for mandatory provident fund and long service payments, effective from May 1, 2025[21]. - The group continues to assess its liquidity and operational funding needs in light of its financial performance and obligations[16]. - The audit committee has been established, consisting of three independent non-executive directors, ensuring compliance with GEM listing rules[187]. - The audit committee reviewed the group's annual performance for the year ending December 31, 2023, confirming adherence to applicable accounting standards and regulations[187]. Convertible Bonds and Financing - The total value of convertible bonds decreased from HKD 85,110,000 in 2022 to HKD 77,931,000 in 2023, with the 2023 convertible bond valued at HKD 7,717,000[88]. - The company issued convertible bonds amounting to HKD 91,000,000 to Hui Long on November 14, 2022, to settle outstanding debts[102]. - The conversion price for HKD 55,000,000 of the 2022 convertible bonds is HKD 0.90 per share until August 12, 2023, and HKD 0.186 thereafter[102]. - The company issued an additional convertible bond of HKD 10,000,000 on July 14, 2023, with a conversion price of HKD 0.108 per share[106]. - The total interest expense for the convertible bonds was HKD 1,133,000 for the year 2023, down from HKD 8,211,000 in 2022[101]. Human Resources - The company employed 18 staff members as of December 31, 2023, down from 29 in 2022, with a competitive compensation policy in place[178]. Legal and Regulatory Compliance - The company has not faced any significant legal or regulatory violations that impacted its business operations during the year[185]. - The annual report for the year ending December 31, 2023, will be published by April 30, 2024, covering all information required by GEM listing rules[190].
声扬集团(08163) - 2023 - 年度业绩