Financial Performance - The total revenue for Hing Yip Holdings Limited for the year ended December 31, 2023, was HKD 821,423,000, representing a 19.8% increase from HKD 685,331,000 in 2022[3] - The gross profit for the same period was HKD 316,097,000, up 23.4% from HKD 256,152,000 in the previous year[3] - The company reported a loss from continuing operations of HKD 23,251,000 compared to a profit of HKD 40,054,000 in 2022[3] - The profit from discontinued operations was HKD 179,187,000, significantly higher than HKD 2,770,000 in the prior year[3] - The total comprehensive income for the year was HKD 65,124,000, a recovery from a comprehensive loss of HKD 193,217,000 in 2022[4] - Basic earnings per share for the year was HKD 1.57 cents, compared to a loss of HKD 1.26 cents in the previous year[4] - The total revenue for the year ended December 31, 2023, increased significantly to approximately HKD 917,133,000, representing a growth of 19.5% compared to the previous year[80] - The operating profit from continuing operations rose by approximately HKD 19,755,000 to about HKD 144,002,000, reflecting an increase of approximately 15.9%[81] - The net profit for the year was approximately HKD 155,936,000, despite a special loss of approximately HKD 88,006,000 related to the sale of a subsidiary[81] Assets and Liabilities - Non-current assets decreased to HKD 4,800,403,000 from HKD 6,802,129,000 in 2022, primarily due to a reduction in investment properties[5] - Current assets totaled HKD 2,182,497,000, slightly down from HKD 2,267,456,000 in the previous year[5] - The company’s total liabilities increased to HKD 4,310,284,000 from HKD 2,221,240,000 in 2022, largely due to the issuance of convertible bonds[5] - The total equity attributable to owners of the company was HKD 980,032,000, down from HKD 1,013,031,000 in the previous year[6] - Total segment assets increased to HKD 5,793,885,000 in 2023 from HKD 4,963,204,000 in 2022, representing a growth of approximately 16.7%[27] - Total segment liabilities rose to HKD 4,520,453,000 in 2023 from HKD 3,703,646,000 in 2022, an increase of about 22.0%[29] - As of December 31, 2023, total assets were approximately HKD 9,755,709,000, up from HKD 9,069,585,000 a year earlier[99] - The debt-to-asset ratio increased to 78.3% from 76.9% year-on-year[99] Revenue by Segment - The big data business generated revenue of HKD 16,440,000 in 2023, a significant increase from HKD 2,034,000 in 2022, reflecting a growth of 707.5%[16] - The financing leasing segment reported revenue of HKD 352,636,000 in 2023, up from HKD 330,485,000 in 2022, marking a growth of 6.5%[22] - The civil explosives business saw a revenue increase to HKD 61,430,000 in 2023 from HKD 15,418,000 in 2022, representing a growth of 298.5%[16] - The health and elderly care business generated revenue of HKD 157,441,000 in 2023, compared to HKD 122,458,000 in 2022, indicating a growth of 28.6%[22] - Revenue from the discontinued industrial park and property development business was HKD 95,710,000, up from HKD 82,301,000 in the previous year, representing a growth of approximately 16.9%[46] - Revenue from the civil explosives business increased significantly by 36.2% to approximately HKD 265,750,000, with operating profit rising by 226.1% to about HKD 38,744,000[92] Operational Highlights - The company expects continued growth in the big data and civil explosives sectors, driven by increased demand and market expansion strategies[22] - The average bed utilization rate for rehabilitation and nursing beds reached 94%, an increase of 10% compared to the previous year[82] - The number of elderly care beds increased by approximately 29.1% to 2,708, with an occupancy rate of 80%[82] - The average occupancy rate of the hotel business increased significantly from approximately 24.67% last year to about 67.2% in the first nine months of this year[96] - The hotel’s operating revenue increased by 54.1% year-on-year to approximately HKD 14,998,000[96] Expenses and Costs - Interest expenses for the year totaled HKD 64,521,000 in 2023, compared to HKD 52,484,000 in 2022, indicating an increase of about 22.9%[39] - The total employee costs for the year were HKD 197,815,000, slightly higher than HKD 195,889,000 in 2022[51] - Operating profit decreased by 7.2% to approximately HKD 118,311,000 due to an increase in expected credit loss provisions by about HKD 13,948,000 compared to last year[87] Dividends and Shareholder Information - The company did not recommend any dividend for the year ended December 31, 2023, consistent with the previous year[52] - The board has decided not to recommend or declare a final dividend for the year ending December 31, 2023, consistent with the previous year[110] - The board seeks shareholder approval to cancel the entire amount credited to the share premium account and to pay a special dividend from the contributed surplus account after eliminating all accumulated losses[111] Strategic Initiatives - The company aims to become a leading technology health service provider in the Greater Bay Area, focusing on the elderly care business and expanding its operational capabilities[104] - The group aims to expand its market scale in the big data business and accelerate investment and acquisition efforts, focusing on digital transformation in local manufacturing through industrial internet technologies[106] - The group is actively seeking opportunities for investment and acquisitions in biomedicine and high-tech enterprises to achieve significant business growth and provide good returns to shareholders[107] - The group continues to focus on developing a leading environmental financing leasing company, with a standardized evaluation system for industry projects and high conversion rates for targeted marketing[106] Governance and Compliance - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the year ending December 31, 2023[116] - The group emphasizes corporate governance and has adopted all provisions of the corporate governance code as per the listing rules, ensuring compliance throughout the year[113]
中国兴业控股(00132) - 2023 - 年度业绩