Financial Performance - The company recorded revenue of HKD 196,609,000 and profit of HKD 12,136,000 for the year ending December 31, 2023, compared to revenue of HKD 162,870,000 and profit of HKD 15,189,000 for the previous year[16]. - The basic earnings per share for 2023 was HKD 0.45, down from HKD 0.57 in 2022[3]. - For the year ended December 31, 2023, total revenue was HKD 196,609 thousand, an increase from HKD 162,870 thousand in 2022, representing a growth of approximately 20.7%[63]. - Net profit for the year was HKD 12,136,000, down 20.1% from HKD 15,189,000 in the previous year[76]. - Operating profit decreased to HKD 27,160,000 in 2023 from HKD 32,884,000 in 2022, representing a decline of 17.5%[76]. - The company reported a net loss from investment properties of HKD 9,000,000 in 2023, compared to a loss of HKD 19,520,000 in 2022, showing improvement[76]. - The group reported a net loss of HKD 467,000 for the year 2023, compared to a loss of HKD 17,000 in 2022[91]. Revenue Sources - Interest income from financial lending business amounted to approximately HKD 194.5 million, an increase of about HKD 35.2 million compared to HKD 159.3 million for the year ending December 31, 2022[18]. - The company’s receivables from loans and interest, net of provisions, amounted to HKD 638,636,000, an increase from HKD 543,469,000 in the previous year[11]. - The number of active customers for unsecured loans increased from 10,993 as of December 31, 2022, to 13,491 as of December 31, 2023, generating revenue of approximately HKD 157,548,000 for the year[23]. - The company’s total revenue from asset recovery was HKD 100,000 in 2023, with no revenue reported in 2022[91]. Asset and Liability Management - Total assets as of December 31, 2023, amounted to HKD 1,264,977 thousand, a slight decrease from HKD 1,270,706 thousand in 2022[66]. - Total liabilities increased to HKD 184,202 thousand in 2023 from HKD 178,599 thousand in 2022, indicating a rise of approximately 3.4%[66]. - Non-current assets in Hong Kong decreased to HKD 761,573 thousand in 2023 from HKD 943,163 thousand in 2022, a decline of approximately 19.2%[69]. - Cash and cash equivalents decreased significantly to HKD 101,057,000 from HKD 166,777,000, a drop of 39.2%[78]. Impairment and Provisions - The company reported a net impairment loss on financial assets of approximately HKD 83.8 million and a fair value loss on investment properties of about HKD 9.0 million[18]. - The company has a total of HKD 711,293,000 in receivables from loans and interest, with a provision for impairment of HKD 72,657,000[11]. - The company wrote off approximately HKD 63,634,000 in receivables due to borrower bankruptcy and death during the fiscal year ending December 31, 2023[32]. - For loans overdue by more than 90 days, the company considers these assets to be in default and has made full provisions for the related outstanding loans[42]. Dividend and Shareholder Returns - The company did not recommend the payment of a final dividend for the year ending December 31, 2023, consistent with the previous year[1][17]. Operational Highlights - The company completed a sale agreement for HKD 160,000,000 related to its subsidiary in January 2024[14]. - The company launched a new product, X Pay, in the second half of 2023, aiming to enhance its position as a comprehensive financial services platform[43]. - The company is actively investing in marketing resources to attract new customers for unsecured loans through various advertising channels[22]. - The company has established a rigorous control framework for credit approval and risk assessment for unsecured loans through the X Wallet application[29]. Cost Management - The total operating expenses increased to HKD 25,591,000 in 2023 from HKD 18,050,000 in 2022, representing a growth of approximately 42%[91]. - The company incurred a total of HKD 2,105,000 in bank service fees in 2023, up from HKD 1,540,000 in 2022, reflecting a rise of about 36.6%[91]. - The company reported a significant increase in computer accessories expenses, which rose to HKD 6,185,000 in 2023 from HKD 1,160,000 in 2022, marking a substantial increase of approximately 433.6%[91]. Governance and Compliance - The company has adhered to corporate governance codes and has established a robust governance framework to ensure operations align with shareholder interests[52].
TERMBRAY IND(00093) - 2023 - 年度业绩