Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 108,383,000, representing an increase of 16.2% compared to HKD 93,299,000 in 2022[6] - The operating loss before tax improved to HKD 2,536,000 from HKD 14,406,000, reflecting a significant reduction in losses[6] - The net loss for the year was HKD 3,104,000, a decrease of 77% compared to HKD 13,563,000 in the previous year[6] - Basic and diluted loss per share improved to HKD 0.23 from HKD 0.68, indicating a positive trend in financial performance[6] - The group reported a pre-tax loss of HKD 2,975,000 in 2023, significantly improved from a loss of HKD 14,959,000 in 2022[24] - The net loss for the year narrowed to HKD 3,104,000 in 2023 from HKD 13,563,000 in 2022, indicating a reduction of 77%[24] Revenue Breakdown - Total revenue for the food processing and trading segment increased to HKD 81,327,000 in 2023 from HKD 69,803,000 in 2022, representing a growth of 16.5%[24] - The restaurant segment generated revenue of HKD 29,310,000 in 2023, up from HKD 26,057,000 in 2022, marking an increase of 8.6%[24] - Overall customer contract revenue rose to HKD 108,383,000 in 2023, compared to HKD 93,299,000 in 2022, reflecting a growth of 16.2%[30] Cost and Expenses - The cost of goods sold was HKD 58,262,000, up from HKD 49,461,000, indicating a rise of 17.5%[6] - Employee benefit expenses increased slightly to HKD 27,281,000 from HKD 26,144,000, a rise of 4.4%[6] - The cost of consumed inventory increased to HKD 58,262,000 in 2023 from HKD 49,461,000 in 2022, reflecting a rise of approximately 17.5%[35] Assets and Liabilities - Total non-current assets decreased from HKD 96,981 thousand in 2022 to HKD 84,385 thousand in 2023, a decline of approximately 13%[9] - Current assets increased slightly from HKD 35,163 thousand in 2022 to HKD 36,243 thousand in 2023, an increase of about 3%[9] - Total current liabilities rose from HKD 20,607 thousand in 2022 to HKD 22,457 thousand in 2023, representing an increase of approximately 9%[9] - Non-current liabilities decreased significantly from HKD 21,661 thousand in 2022 to HKD 11,315 thousand in 2023, a reduction of about 48%[11] - The company’s total liabilities decreased from HKD 42,268 thousand in 2022 to HKD 33,772 thousand in 2023, a reduction of approximately 20%[11] - The total assets of the group decreased to HKD 120,628,000 in 2023 from HKD 132,144,000 in 2022, a decline of 8.7%[26] Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has complied with the relevant provisions as of December 31, 2023[78] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements and confirmed compliance with applicable accounting standards[83] - The company has maintained a high standard of corporate governance, ensuring the best interests of shareholders are upheld[78] - The roles of the chairman and CEO are clearly separated to ensure a balance of power within the company[81] - The company secretary has been appointed to ensure compliance with corporate governance standards and facilitate communication[79] Future Plans and Strategies - The company is focused on improving operational efficiency and reducing losses in the upcoming fiscal year[6] - The group plans to maintain relationships with existing customers and expand its customer base to more restaurants and hotels[56] - The group aims to enhance logistics capabilities and redesign logistics routes and arrangements[56] - The group has entered into a joint venture agreement to establish a restaurant in Hong Kong, with an initial funding of HKD 3 million[50] - The group will act as the main supplier for all food and beverage materials for the joint venture's restaurants, which is expected to boost future sales and revenue[52]
运兴泰集团(08362) - 2023 - 年度业绩