Financial Performance - For the year ended December 31, 2023, the revenue from continuing operations increased by approximately 3.8% to about HKD 517.4 million compared to HKD 498.5 million in 2022[3]. - The gross profit from continuing operations rose by approximately 16.9% to about HKD 118.2 million, with a gross profit margin of approximately 22.8%, an increase of 2.5% from the previous year[4][5]. - The loss attributable to equity holders of the company for the year was approximately HKD 38.7 million, a significant improvement from a loss of HKD 88.9 million in 2022[5]. - Basic loss per share attributable to equity holders was HKD 1.7 cents, compared to HKD 3.9 cents in the prior year[5][8]. - Total comprehensive income for the year included a gain of HKD 13.4 million from fair value changes of financial assets, contrasting with a loss of HKD 27.9 million in 2022[8]. - The company incurred a total pre-tax loss from continuing operations of HKD 30,983,000 for the year ended December 31, 2023[34]. - The company reported a pre-tax loss of HKD 30,983,000 for 2023, an improvement from a loss of HKD 59,620,000 in 2022[56]. - The income tax expense for 2023 was HKD 4,067,000, up from HKD 2,407,000 in 2022, reflecting an increase of 69.2%[53]. - The company recorded a net foreign exchange gain of HKD 1,554,000 in 2023, compared to no gain in 2022[48]. - The company reported a loss from discontinued operations of HKD 488,000 in 2023, a significant decrease from HKD 34,852,000 in 2022, representing a reduction of approximately 98.6%[59]. Assets and Liabilities - The total assets decreased to HKD 574.2 million from HKD 709.8 million in 2022, while total liabilities also decreased to HKD 170.7 million from HKD 248.3 million[9][10]. - The net asset value decreased to HKD 633.7 million from HKD 659.2 million in the previous year[10]. - Total assets as of December 31, 2023, amounted to HKD 810,792,000, with segment assets for the food and beverage segment at HKD 131,296,000[36]. - The total liabilities as of December 31, 2023, were HKD 177,109,000, with segment liabilities for the financial services segment at HKD 145,721,000[36]. - The total trade receivables decreased to HKD 81,666,000 in 2023 from HKD 136,848,000 in 2022, a decline of approximately 40.4%[69]. - The group recorded a trade receivables impairment loss of approximately HKD 7.2 million during the reporting period, compared to zero on December 31, 2022[129]. - As of December 31, 2023, the group's bank borrowings were approximately HKD 6.9 million, a decrease of about 47.8% from HKD 13.2 million on December 31, 2022[134]. Revenue Segments - Total revenue for the year ended December 31, 2023, was HKD 517,429,000, with external customer revenue from the food and beverage segment at HKD 431,409,000[34]. - The financial services segment reported a loss of HKD 22,979,000, while the food and beverage segment achieved a profit of HKD 8,138,000[34]. - The food and beverage segment's revenue increased from HKD 429,510,000 in the previous year to HKD 431,409,000 in 2023, reflecting a growth of approximately 0.44%[34]. - Revenue from professional services increased to HKD 70,777,000 from HKD 70,554,000, showing a growth of 0.3%[44]. - The income from securities and futures trading services rose significantly to HKD 4,373,000, compared to HKD 2,017,000 in 2022, marking a growth of 116.7%[44]. - The financial services segment contributed approximately HKD 85.2 million to total revenue, a year-on-year increase of about 23.5% from HKD 69.0 million in 2022[81]. Operational Changes - The company has terminated its temperature-controlled warehousing and related services business during the reporting period[11]. - The company classified certain subsidiaries as discontinued operations, impacting the overall performance evaluation[31]. - The group has ceased operations in personal care products and compliance consulting services, with no revenue recorded in these segments during the reporting period[100][101]. - The company sold its subsidiary engaged in temperature-controlled warehousing and related services during the reporting period[77]. Compliance and Governance - The consolidated financial statements have been prepared in accordance with IFRS and the Hong Kong Companies Ordinance, ensuring compliance with disclosure requirements[23]. - The directors expect that the group has sufficient resources to continue operating for the foreseeable future, thus adopting the going concern basis in preparing the financial statements[24]. - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2023, and found no disagreements regarding accounting principles and practices[150]. - The company has complied with the corporate governance code, except for the absence of a chairman as of December 31, 2023[156]. Employee and Shareholder Information - The group employed 126 employees as of December 31, 2023, an increase from 84 employees on December 31, 2022[145]. - The company did not recommend any dividend for the year ending December 31, 2023, consistent with the previous year[63]. - The company repurchased a total of 11,000,000 shares at a total cost of HKD 322,642.34 during the year ending December 31, 2023[151]. - The company maintained sufficient public float, with at least 25% of issued shares held by the public as of the announcement date[155]. Future Outlook - The group aims to enhance profitability by establishing reliable relationships with diverse suppliers and expanding its high-margin product offerings in response to changing market conditions[141]. - The group is actively seeking opportunities to expand its business portfolio in the financial sector, particularly in the emerging asset-backed credit card market[143]. - The group will continue to evaluate the performance of its existing businesses and explore opportunities for diversification when favorable conditions arise[144].
未来发展控股(01259) - 2023 - 年度业绩