Financial Performance - The group's total revenue for the fiscal year ended December 31, 2023, decreased by 13.7% to approximately HKD 192.6 million compared to the previous fiscal year[5]. - Gross profit for the fiscal year increased by 92.8% to approximately HKD 53.7 million[5]. - The loss attributable to owners of the company for the fiscal year was approximately HKD 113.7 million, a significant improvement from a loss of HKD 290.1 million in the previous fiscal year[5]. - Basic loss per share for the fiscal year was approximately HKD 0.05, compared to HKD 0.12 in the previous fiscal year[5]. - The group's operating loss for the fiscal year was HKD 131.0 million, a reduction from HKD 259.7 million in the previous fiscal year[6]. - Total comprehensive loss for the fiscal year was HKD 125.1 million, compared to HKD 270.1 million in the previous fiscal year[7]. - The company reported a total loss of HKD 117,260,000 for the year ending December 31, 2023, compared to a loss of HKD 290,118,000 in the previous year, indicating a significant improvement[20]. - The total comprehensive loss for the year was HKD 125,063,000, which includes other comprehensive losses[20]. - The group recorded a net income of approximately HKD 60.5 million in the fiscal year 2023, a significant improvement from a net loss of approximately HKD 84.8 million in the fiscal year 2022[67]. - The group recorded a loss attributable to equity holders of approximately HKD 113.7 million in fiscal year 2023, down from approximately HKD 290.1 million in fiscal year 2022[76]. Assets and Liabilities - As of December 31, 2023, total equity attributable to owners of the company was approximately HKD 1,705.7 million, down from HKD 1,827.2 million in the previous year[5]. - Non-current assets decreased significantly from HKD 1,384.6 million to HKD 507.9 million[9]. - Current assets net value increased from HKD 494.4 million to HKD 1,231.1 million[10]. - The company’s total equity as of December 31, 2023, was HKD 1,700,878,000, showing a decrease from the previous year[20]. - The total liabilities as of December 31, 2022, were HKD 429,118,000, with the largest liabilities in the investment segment at HKD 124,101,000[25]. - The group's total liabilities to equity ratio was 23.7% as of December 31, 2023, compared to 23.5% in 2022, indicating stable financial leverage[77]. - The group has no significant outstanding debts as of December 31, 2023, apart from lease liabilities and bank loans, ensuring sufficient liquidity for upcoming cash needs[77]. Revenue Segments - Revenue from the Information Appliances segment was HKD 152,988,000, while the Internet Data Center (IDC) segment generated HKD 39,581,000, contributing to a total segment revenue of HKD 222,235,000[20]. - Product sales revenue decreased to HKD 152,988,000 in 2023 from HKD 208,237,000 in 2022, representing a decline of 26.5%[30]. - IDC rental income increased significantly to HKD 39,581,000 in 2023 from HKD 15,000,000 in 2022, marking a growth of 164.1%[30]. - The information appliance business recorded revenue of approximately HKD 152.3 million for the fiscal year 2023, a decrease of 26.8% compared to fiscal year 2022[56]. - The IDC business generated revenue of approximately HKD 39.6 million in fiscal year 2023, an increase of 163.9% compared to fiscal year 2022[58]. Expenses and Costs - General and administrative expenses increased by 27.6% to approximately HKD 122.6 million in the fiscal year 2023, up from approximately HKD 96.1 million in the fiscal year 2022, mainly due to one-time severance costs and expenses related to IDC in the U.S.[70]. - Other operating expenses surged by 279.9% to approximately HKD 64.2 million in the fiscal year 2023, compared to approximately HKD 16.9 million in the fiscal year 2022, primarily due to depreciation and amortization related to cryptocurrency mining assets[71]. - Distribution and selling expenses decreased by 19.6% to approximately HKD 5.2 million in the fiscal year 2023, down from approximately HKD 6.4 million in the fiscal year 2022[69]. - The group made a provision for expected credit losses of approximately HKD 55.2 million for loans receivable in the fiscal year 2023, down from approximately HKD 83.1 million in the fiscal year 2022, reflecting increased credit risk[72]. Investments and Future Plans - The company plans to expand its operations in overseas markets, particularly in the United States, where it reported non-current assets of HKD 852,440,000[27]. - The company plans to continue developing new products and expanding into new markets in Europe and Asia to diversify revenue sources[57]. - The company aims to maintain its IDC business through leasing data center facilities and actively seeks opportunities to establish new IDC bases globally[60]. - The company has implemented effective cost control measures, which have positively impacted its long-term sustainable business strategy[57]. Dividends and Shareholder Information - The board of directors did not recommend the payment of a final dividend for the fiscal year 2023[5]. - The company did not declare a final dividend for the year ending December 31, 2023, consistent with the previous year[37]. - The group's shareholder capital remained stable at approximately HKD 62.2 million as of December 31, 2023, with 2,487,704,800 shares outstanding[88]. Regulatory and Compliance - The group is committed to maintaining compliance with applicable laws and regulations in China, Hong Kong, and the United States[97]. - The group emphasizes environmental protection in its operations, generating no significant waste or air pollutants[96]. - The group is actively monitoring regulatory challenges related to its digital asset investments[95]. Employee and Operational Insights - As of December 31, 2023, the group employed over 100 full-time staff, a decrease from over 130 in the previous year, with employee costs amounting to approximately HKD 57.5 million, down from HKD 59.1 million[94]. - The group’s employee compensation and benefits are aligned with market standards, with performance directly linked to remuneration[94]. - The group faces significant risks including supply chain challenges due to microchip shortages, which may lead to unpredictable revenue fluctuations[95].
裕兴科技(08005) - 2023 - 年度业绩