Financial Performance - The group reported a consolidated revenue of HKD 812,918,000 for the year ended December 31, 2023, a decrease of 15.7% compared to HKD 964,246,000 in 2022[13]. - Operating profit for the year was HKD 76,318,000, a significant increase from HKD 4,210,000 in the previous year[13]. - The net profit attributable to equity holders of the company was HKD 51,175,000, compared to a loss of HKD 28,966,000 in 2022[14]. - The company reported a basic and diluted earnings per share of HKD 0.0214, recovering from a loss of HKD 0.0124 per share in the previous year[14]. - The company reported an annual profit of HKD 53,488,000, a significant recovery from the previous year's loss[63]. - The profit attributable to equity holders for 2023 was HKD 51,175,000, a significant recovery from a loss of HKD 28,966,000 in 2022[102]. - The company reversed a loss of HKD 26,250,000 in 2022 to a profit of HKD 53,488,000 in 2023, primarily due to improved performance in the security, infrastructure, and aviation segments[148]. Assets and Liabilities - Total liabilities decreased to HKD 553,485,000 from HKD 620,865,000 in the previous year, reflecting a reduction of approximately 10.8%[10]. - The group's total assets as of December 31, 2023, amounted to HKD 1,056,457,000, a decrease from HKD 1,091,440,000 in 2022[36]. - Current assets totaled HKD 568,225,000 in 2023, compared to HKD 545,283,000 in 2022, indicating a growth in liquidity[36]. - The group's liabilities increased, with current liabilities totaling HKD 519,906,000 in 2023, up from HKD 344,882,000 in 2022[36]. - The group's equity rose to HKD 502,972,000 in 2023 from HKD 407,575,000 in 2022, representing an increase of approximately 23.4%[37]. - The company's total assets decreased to HKD 1,056,457,000 in 2023 from HKD 1,091,440,000 in 2022, a reduction of about 3.2%[146]. Impairment and Provisions - The company has not recognized any impairment losses on goodwill and other intangible assets for the current year, compared to HKD 40,544,000 in the previous year[13]. - The group’s financial and contract assets impairment provisions decreased to HKD 23,288,000 from HKD 38,750,000 in the previous year, indicating improved asset quality[13]. - The company recognized impairment provisions totaling HKD 65,489,000 for goodwill and other intangible assets in 2023, compared to HKD 38,750,000 in 2022[148]. - The company has recognized an impairment provision of HKD 19,490,000 for goodwill and other intangible assets in one of its cash-generating units for the year ended December 31, 2023[186]. Revenue Breakdown - The group's revenue from external customers in Africa was HKD 133,620,000 in 2023, down from HKD 189,101,000 in 2022, reflecting a decline of approximately 29.5%[55]. - The total revenue from customer contracts for the year ended December 31, 2023, was HKD 488,102,000, compared to HKD 546,086,000 in 2022, showing a decrease of about 10.6%[55]. - Revenue from customer contracts totaled HKD 812,918,000, a decrease of 15.7% from HKD 964,246,000 in the previous year[61]. - The security segment's total revenue increased by 21% from HKD 423,657,000 in 2022 to HKD 515,503,000 in 2023, contributing approximately 63% to the company's total revenue[149]. - The logistics segment reported a revenue of HKD 200,299,000 in 2023, down from HKD 371,316,000 in 2022, indicating a decline of approximately 46%[156]. Operational Focus and Strategy - The company anticipates continued focus on operational efficiency and cost management to enhance profitability in the upcoming fiscal year[6]. - The company is actively engaged in the development of new products and technologies, although specific details were not disclosed in the conference call[23]. - The group anticipates continued significant returns from global security efforts, driven by the increasing demand for protection of Chinese enterprises in hazardous environments abroad[132]. - The healthcare segment is actively seeking opportunities globally, with a strategic focus on promoting integrated healthcare concepts, and management is optimistic about a rebound in performance in 2024[133]. - The company plans to expand its aviation services in 2024, increasing fleet capacity and service offerings[162]. Challenges and Risks - The group faced numerous challenges in business development during 2023 but managed to utilize existing resources effectively to improve operational performance[118]. - The Kenyan shilling and Nigerian naira depreciated by 21% and 50% against the Hong Kong dollar, respectively, during the year, with the group closely monitoring exchange rate risks[141]. Shareholder and Employee Information - The weighted average number of ordinary shares issued increased to 2,386,698,234 in 2023 from 2,344,818,660 in 2022, reflecting a growth of approximately 1.8%[102]. - The company has a total employee count of 1,939 as of December 31, 2023, down from 2,102 in 2022[187]. - The company has not issued any share options under its share option plan for the year ended December 31, 2023, compared to 23,400,000 options issued in 2022[135]. Cash Flow and Financing - The company recorded a net cash inflow from operating activities of HKD 51,218,000 for the year ended December 31, 2023[185]. - The company’s cash and bank balances increased to HKD 198,111,000 in 2023 from HKD 186,790,000 in 2022, showing a growth of about 6.9%[146]. - As of December 31, 2023, the company's available cash and bank balances were HKD 198,111,000, an increase from HKD 186,790,000 in 2022, while total loans amounted to HKD 209,049,000, up from HKD 190,084,000[169].
先丰服务集团(00500) - 2023 - 年度业绩