Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 165,757,000, a significant decrease from HKD 117,036,000 in the previous year, representing a decline of approximately 29.5%[3] - The net loss attributable to the owners of the company for the year was HKD 25,294,000, compared to a net loss of HKD 117,036,000 in the previous year, indicating an improvement of approximately 78.4%[3] - The basic and diluted loss per share for the year was HKD 3.61, a decrease from HKD 16.71 in the previous year, reflecting a reduction in loss per share by approximately 78.4%[3] - The group reported a total revenue of HKD 165,000 for the year 2023, a decrease of 78.2% compared to HKD 757,000 in 2022[18] - The group incurred a loss attributable to owners of the company of HKD 25,294,000 in 2023, a significant improvement from a loss of HKD 117,036,000 in 2022[24] - The company recorded a loss attributable to shareholders of approximately HKD 25.3 million for the year ended December 31, 2023, a significant reduction from a loss of approximately HKD 117 million for the year ended December 31, 2022, representing a decrease of about 78%[38] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 76,506,000, down from HKD 101,987,000 in the previous year, marking a decrease of approximately 25%[4] - The company's net asset value decreased to HKD 71,883,000 from HKD 97,177,000, representing a decline of approximately 26.0%[4] - The company’s total liabilities decreased slightly to HKD 11,851,000 from HKD 12,134,000, indicating a marginal reduction of approximately 2.3%[4] - The net asset value per share was HKD 0.10, down from HKD 0.14 in the previous year, reflecting a decrease of approximately 28.6%[4] - As of December 31, 2023, the group's net assets decreased to approximately HKD 71,883,000, down from HKD 97,177,000 in 2022[70] Fair Value Changes - The company reported a loss of HKD 12,032,000 from fair value changes in financial assets, an improvement from a loss of HKD 98,709,000 in the previous year, reflecting a reduction of approximately 87.8%[3] - The fair value of listed equity and debt securities in Hong Kong decreased to HKD 49,821,000 in 2023 from HKD 69,206,000 in 2022[28] - The total fair value of financial assets measured at fair value through profit or loss decreased to HKD 73,828,000 in 2023 from HKD 98,679,000 in 2022[28] - The reduction in loss was primarily due to a decrease in losses from fair value changes of financial assets by approximately HKD 86.7 million[38] Expenses - Administrative and other operating expenses decreased to HKD 13,225,000 from HKD 18,660,000, a reduction of approximately 29.0%[3] - The total employee costs, including director remuneration, for the year ended December 31, 2023, were approximately HKD 7,701,000, compared to approximately HKD 11,158,000 in 2022[59] Investments - As of December 31, 2023, the total investment value held by the company amounted to HKD 121,509,000, with a fair value of HKD 69,368,000[30] - The company holds a 2.91% equity stake in Brockman Mining Limited, with a market value of HKD 14,914,000 and a fair value of HKD 37,812,000[30] - The investment in Alibaba Group Holding Limited has a market value of HKD 4,957,000, with a fair value of HKD 3,289,000, representing less than 0.01% equity[30] - The investment in Tencent Holdings Limited is valued at HKD 965,000, with a fair value of HKD 2,789,000, also representing less than 0.01% equity[30] - The company's major investments as of December 31, 2023, included approximately HKD 49.85 million in listed financial instruments, HKD 20.92 million in direct investments in unlisted financial instruments, and HKD 3.05 million in direct investments in unlisted investment funds[40] Corporate Governance - The company has complied with public float requirements as of December 31, 2023[37] - The company has complied with the independence requirements for all three independent non-executive directors as per the listing rules[72] - The company has adopted the standard code of conduct for securities trading by directors and confirmed compliance for the year ending December 31, 2023[74] - The board believes that the company has applied and complied with all applicable corporate governance code provisions for the year ending December 31, 2023[75] Future Outlook and Strategy - The company plans to leverage its resources for acquisition projects to enhance profitability and returns[45] - The company is actively seeking opportunities to expand its existing business and explore potential markets among female consumers[45] - The company is optimistic about a rebound in industry performance in 2024, despite challenges in cross-border activities and customer growth[47] Miscellaneous - No dividends were declared or proposed for the year ending December 31, 2023, consistent with 2022[27] - The group has no significant capital commitments or contingent liabilities as of December 31, 2023[53] - There were no significant acquisitions or disposals of subsidiaries during the year ended December 31, 2023[56] - There have been no significant events to disclose since December 31, 2023, up to the date of this announcement[80] - The annual performance announcement and the 2023 annual report will be published on the Stock Exchange and the company's website[81]
胡桃资本(00905) - 2023 - 年度业绩