Financial Performance - For the fiscal year ending December 31, 2023, the operating revenue was HKD 113.3 million, a decrease of 44.4% compared to HKD 203.7 million in the fiscal year 2022[5] - The gross profit for the fiscal year 2023 was HKD 40.7 million, down 21.9% from HKD 52.1 million in the fiscal year 2022[5] - The profit before tax for the fiscal year 2023 increased by 329.4% to HKD 0.7 million, compared to HKD 0.2 million (restated) in the fiscal year 2022[5] - The net loss for the fiscal year 2023 was HKD 8.1 million, an improvement from a net loss of HKD 15.2 million (restated) in the fiscal year 2022[5] - The total comprehensive loss for the year was HKD 11.0 million, compared to HKD 58.9 million in the previous year[7] - The company reported a basic loss per share of HKD 8,265,000 for 2023, compared to HKD 16,261,000 in 2022, indicating a 49% improvement in losses year-over-year[46] Dividends and Equity - The board of directors did not recommend a final dividend for the fiscal year 2023, consistent with the previous fiscal year[5] - Total equity attributable to owners of the company decreased to HKD 284,383,000 in 2023 from HKD 295,530,000 in 2022, representing a decline of approximately 3.9%[10] - Total equity decreased to HKD 278,900,000 in 2023 from HKD 289,922,000 in 2022, reflecting a decrease of about 3.8%[10] - The company has no plans to declare dividends for the years ending December 31, 2023, and December 31, 2022[45] Assets and Liabilities - Non-current assets amounted to HKD 336.6 million, an increase from HKD 298.5 million in the previous year[9] - Current assets totaled HKD 123.0 million, down from HKD 153.7 million in the previous year[9] - Current liabilities were HKD 117.3 million, a decrease from HKD 154.9 million in the previous year[9] - The net current asset value improved to HKD 6.7 million from a net current liability of HKD 1.3 million in the previous year[9] - Non-current liabilities increased significantly, with amounts payable to related parties rising to HKD 70,389,000 in 2023 from HKD 14,567,000 in 2022, marking an increase of approximately 382.5%[10] - The company reported a total non-current liability of HKD 129,874,000 in 2023, compared to HKD 72,296,000 in 2022, representing an increase of about 79.7%[10] Revenue and Sales - Revenue from wastewater treatment operations for the year ended December 31, 2023, was HKD 36,165,000, compared to HKD 52,126,000 in 2022[29] - The group reported total external sales revenue of HKD 113,279,000 for the year ended December 31, 2023, with significant contributions from China and Indonesia[32] - The group experienced a segment loss of HKD 19,830,000 in Hong Kong, while achieving a profit of HKD 20,295,000 in China for the year ended December 31, 2023[32] Costs and Expenses - Sales costs fell from HKD 151.6 million in the fiscal year 2022 to HKD 72.6 million in the fiscal year 2023, a decrease of 52.1%[63] - Administrative expenses decreased by HKD 4.1 million or 13.3% from HKD 30.5 million in FY2022 to HKD 26.5 million in FY2023[68] - Financing costs for the year ended December 31, 2023, increased to HKD 12,710,000 from HKD 9,298,000 in 2022, with interest from borrowings rising to HKD 4,244,000[40] Investments and Projects - The Bangka Island power plant project is expected to commence operations in mid-2024, with a 25-year power supply agreement signed with the Indonesian government[57] - The company plans to explore new renewable energy investment projects in other regions of Indonesia and continue its "Build-Operate-Transfer" (BOT) investment projects[57] - The company has initiated data center operations in Indonesia, providing technology and information services to its clients[58] Compliance and Governance - The company has complied with all mandatory disclosure requirements and applicable code provisions in the corporate governance code for the fiscal year 2023[91] - The external auditor has confirmed the consistency of the financial statements as of December 31, 2023, with the audited consolidated financial statements for the fiscal year[92] - The audit committee has been established to review and oversee the group's financial reporting process and risk management[93] Miscellaneous - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2023, which did not have a significant impact on the financial position and performance[14] - The company expresses gratitude to all shareholders and stakeholders for their continued support and acknowledges the efforts of its directors and employees[97]
强泰环保(01395) - 2023 - 年度业绩