Financial Performance - The company reported a loss of HKD 7,295,000 for the year ended December 31, 2023, compared to a loss of HKD 67,912,000 in the previous year, indicating a significant improvement [3]. - The company reported a net loss of HKD 1,631,000 from foreign exchange losses in 2023, an improvement from HKD 4,362,000 in the previous year [17]. - The net loss for the same period was HKD 7.3 million, a significant reduction of 89.3% year-on-year [57]. - The net loss attributable to the company's owners was HKD 7,295,000, a substantial improvement from HKD 67,912,000 in the previous year [147]. - The operating loss decreased significantly to HKD 9,585,000 from HKD 70,221,000 in the prior year, reflecting a reduction of 86.3% [147]. - The loss per share for 2023 was HKD 43,838, compared to HKD 162,484 in 2022 [171]. Revenue and Sales - The company generated revenue of HKD 52,523,000 in 2023, a decrease from HKD 14,561,000 in 2022, indicating a significant drop in performance [11]. - Total revenue for the group was HKD 653,756,000 in 2023, up from HKD 626,742,000 in 2022, indicating a growth of approximately 4% [37]. - Revenue from China reached HKD 83,139,000 in 2023, compared to HKD 31,305,000 in 2022, representing a significant increase [37]. - The company's revenue increased from approximately HKD 52.5 million in the fiscal year 2022 to approximately HKD 83.1 million in the current year, representing an increase of about HKD 30.6 million or 58.3% [115]. - Revenue from AI-based technology support services was HKD 633,000, while sales of AI coverage systems and related products generated HKD 56,526,000 [157]. Assets and Liabilities - Total equity decreased to HKD 1,493,847,000 in 2023 from HKD 1,616,997,000 in 2022, reflecting a decline of approximately 7.6% [5]. - Total assets decreased to HKD 1,828,250,000 in 2023 from HKD 1,979,687,000 in 2022, a decline of about 7.6% [28]. - Current liabilities increased to HKD 163,033,000 in 2023 from HKD 121,678,000 in 2022, representing an increase of approximately 34% [5]. - Non-current liabilities decreased to HKD 171,370,000 in 2023 from HKD 241,012,000 in 2022, a reduction of about 28.9% [5]. - The total liabilities were approximately HKD 334,403,000, down from HKD 362,690,000 in the previous year [93]. Expenses - Employee benefit expenses rose to HKD 67,994,000 in 2023 from HKD 31,646,000 in 2022, marking an increase of approximately 114% [40]. - The impairment loss on trade receivables was HKD 5,872,000 in 2023, compared to HKD 3,328,000 in 2022, which is an increase of about 76% [40]. - Administrative expenses were significantly reduced by approximately HKD 10,025,000 due to enhanced internal controls and cost-cutting measures [88]. - Financial expenses decreased from HKD 11,607,000 in 2022 to HKD 9,217,000 in 2023 [167]. Investments and Acquisitions - The group has made a prepayment of HKD 49.3 million for the acquisition of a 30% stake in Zhongchengxin, a company focused on software development and data analysis [54]. - The group sold 11,589,200 shares of Guangqi Technology, raising net proceeds of HKD 213.96 million for operational funding [73]. - The company holds approximately 44,693,660 shares of Guangqi Technology, accounting for about 2.07% of its issued shares, with a book value of HKD 724.1 million as of December 31, 2023 [124]. Strategic Focus and Development - The group is focusing on the development of wearable smart products and customized smart system solutions, enhancing performance and functionality [82]. - The group has entered the industrial metal structure component business, which is expected to improve its design and integration capabilities in related industrial fields [82]. - The company aims to strengthen its internal management and marketing efforts to enhance competitiveness and market share, focusing on customer-centric and quality-driven principles [114]. - The company will continue to attract and cultivate innovative talent in AI algorithms, big data, and smart manufacturing engineering as a key strategic goal [114]. - The company is focused on innovation in future technology products and services, indicating ongoing investment in research and development [151]. Governance and Compliance - The company has maintained compliance with corporate governance codes and has not engaged in any buybacks or sales of its listed securities during the year [138][140]. - The board believes that the group has sufficient financial resources to continue its operations and meet its financial obligations in the foreseeable future [153]. Shareholder Information - The group has not declared or proposed any dividends for the fiscal year ending December 31, 2023 [70]. - No dividends were declared or proposed for the current year, consistent with the previous fiscal year [106].
光启科学(00439) - 2023 - 年度业绩