Financial Performance - For the year ended December 31, 2022, the company reported a loss attributable to owners of HKD (326,213) thousand, compared to a loss of HKD (202,592) thousand in 2021, representing an increase in loss of 60.9%[8]. - Total revenue for 2022 was HKD 201,951 thousand, down 29.1% from HKD 284,867 thousand in 2021[12]. - Gross profit decreased to HKD 94,271 thousand in 2022, a decline of 42.1% from HKD 162,426 thousand in the previous year[12]. - Total comprehensive loss for the year was HKD (404,441) thousand, compared to HKD (197,397) thousand in 2021, reflecting a 104.9% increase in total comprehensive loss[16]. - The group reported a total loss for the year of HKD 397,925,000, compared to a loss of HKD 201,761,000 in the previous year[54][56]. - The company reported a basic and diluted loss per share of HKD 0.0420 for the year ended December 31, 2022, compared to HKD 0.0260 in the previous year[115]. Asset and Liability Management - The company's non-current assets decreased to HKD 431,536 thousand in 2022 from HKD 530,052 thousand in 2021, a decline of 18.6%[11]. - The company's total assets decreased to HKD 344,721 thousand in 2022 from HKD 731,497 thousand in 2021, a decline of 52.9%[21]. - As of December 31, 2022, the company's current liabilities exceeded its current assets by HKD 86,815,000, and total liabilities exceeded total assets by HKD 35,511,000[38]. - The total liabilities reached HKD 1,010,759,000, with the largest component being loan financing (I) at HKD 432,193,000[105]. - The total amount of receivables from loan referral and consulting services decreased from HKD 23,993,000 in 2021 to HKD 7,803,000 in 2022[150]. Impairment and Provisions - The company recorded an impairment loss on goodwill of HKD (117,963) thousand in 2022, compared to HKD (98,549) thousand in 2021, indicating a significant increase in impairment[12]. - The group reported a significant impairment loss of HKD 117,963,000 related to goodwill and HKD 117,501,000 for receivables[54]. - The company recognized impairment losses on receivables and other receivables amounting to HKD 99,771,000 for the year 2022[103]. - The company reported a significant increase in the amount confirmed during the year for impairment provisions, which rose to HKD 20,905,000 in 2022 from HKD 428,000 in 2021[153]. Cash Flow and Financing - The company reported cash and cash equivalents of HKD 26,280 thousand in 2022, down 45.0% from HKD 47,936 thousand in 2021[11]. - The company has outstanding borrowings of approximately HKD 93,622,000 due within the next twelve months[38]. - The company is actively consulting with financial institutions to secure various financing options for operational funding in the foreseeable future[41]. - The management believes that the group will have sufficient operating funds for at least 12 months from December 31, 2022, due to successful negotiations with financial institutions for financing options[86]. Corporate Governance and Compliance - The group has complied with the principles and code provisions set out in the Listing Rules throughout the fiscal year 2022[91]. - The group has confirmed compliance with the standard code of conduct for securities trading by all directors throughout the fiscal year 2022[94]. - The company has not applied new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[36]. Operational Challenges - The company faces significant uncertainty regarding its ability to continue as a going concern due to financial pressures and potential litigation risks[43]. - The company is considering corporate restructuring plans to reduce overall debt and liabilities[44]. - The company is taking measures to tighten cost control to achieve positive operating cash flow[44]. - The company faced a risk of litigation related to guarantees provided for customer financing, with amounts involved totaling approximately HKD 1,135,245,000[110]. Employee and Dividend Information - The company employed 122 staff as of December 31, 2022, down from 141 staff a year earlier[70]. - The company does not recommend any final dividend for the fiscal year 2022, consistent with the previous fiscal year[72]. - The company did not declare any dividends for the year ended December 31, 2022, consistent with the previous year[123].
大中华金融(00431) - 2022 - 年度业绩