Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of HKD 23,088,446, an increase of 41.2% compared to HKD 16,341,937 in 2022[5] - The cost of sales and services rose to HKD 19,486,560, up 73.4% from HKD 11,260,602 in the previous year, resulting in a gross profit of HKD 3,601,886, down 29.1% from HKD 5,081,335[5] - The company recorded a loss before tax of HKD 38,887,071, slightly higher than the loss of HKD 37,594,725 in 2022, indicating a year-over-year increase of 3.4%[5] - The net loss attributable to owners for the year was HKD 36,727,040, compared to a loss of HKD 33,228,690 in 2022, reflecting an increase of 15.0%[6] - Basic and diluted loss per share from continuing and discontinued operations was HKD 4.25, compared to HKD 3.92 in the previous year, representing a 8.4% increase[6] - The total comprehensive loss for the year was HKD 36,727,040, compared to a loss of HKD 33,515,440 in the previous year[12] - The group reported a pre-tax loss of HKD 38,887,071 for the year ended December 31, 2023, compared to a pre-tax loss of HKD 37,881,475 in 2022[28] - The group's net loss for the year ended December 31, 2023, increased to approximately HKD 36.7 million from approximately HKD 33.2 million in 2022, primarily due to increased losses from the sale of machinery and equipment and higher administrative expenses[68] Assets and Liabilities - Total assets increased to HKD 78,579,775 in 2023 from HKD 40,129,961 in 2022, marking a significant growth of 95.5%[8] - Current liabilities surged to HKD 23,519,199, up from HKD 10,470,082 in 2022, indicating a 125.0% increase[8] - The company's net asset value decreased from HKD 76,419,744 in 2022 to HKD 39,692,704 in 2023, representing a decline of approximately 48.0%[10] - Total assets as of December 31, 2023, amounted to HKD 50,600,043, a decrease from HKD 102,098,974 in the previous year[32] - Total liabilities as of December 31, 2023, were HKD (10,907,339), compared to HKD (25,679,230) in the previous year, indicating a significant reduction[32] - Total liabilities increased from HKD 2,812,841 in 2022 to HKD 5,094,974 in 2023, representing an increase of approximately 81%[52] Revenue Streams - The group's revenue from continuing operations for the year ended December 31, 2023, was HKD 23,088,446, an increase from HKD 16,341,937 in 2022, representing a growth of approximately 41.3%[26] - Machine rental income decreased to HKD 9,910,419 in 2023 from HKD 15,979,747 in 2022, reflecting a decline of about 38.8%[26] - The total sales revenue from the sale of machinery, tools, and parts increased significantly to HKD 3,981,456 in 2023 from HKD 35,500 in 2022[26] - Construction services revenue amounted to HKD 7,964,271 in 2023, with no revenue reported in 2022, indicating a new revenue stream for the group[26] - The group's loan business generated revenue of HKD 420,000 in 2023, marking a new income source[26] - The group's transportation and other services revenue increased to HKD 812,300 in 2023 from HKD 326,690 in 2022, reflecting a growth of approximately 148.5%[26] Management and Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - The company is actively exploring strategic partnerships and potential acquisitions to enhance its market position and operational capabilities[5] - Management anticipates challenges in the upcoming fiscal year due to global economic uncertainties, projecting a decline in global economic growth from 3.5% in 2022 to 3.0% in 2023 and 2024[55] - The company plans to adopt a cautious approach to manage business operations and financial resources during challenging times[55] - The company remains optimistic about the construction market outlook despite uncertainties in public and private sector projects in Hong Kong[56] Financial Reporting and Compliance - The company has adopted new Hong Kong Financial Reporting Standards, which may impact its financial reporting and disclosures going forward[19] - The group expects that the application of new Hong Kong Financial Reporting Standards will not have a significant impact on its consolidated financial statements in the foreseeable future[23] - The audit committee has reviewed the financial performance for the year ending December 31, 2023, confirming compliance with applicable accounting policies and regulations[99] - The announcement complies with GEM listing rules and aims to provide relevant information about the company[105] - The board of directors confirms the accuracy and completeness of the information provided in the announcement[105] Employee and Management Compensation - The total compensation for key management personnel increased from HKD 3,435,246 in 2022 to HKD 5,115,100 in 2023, an increase of approximately 49%[54] - The total employee cost for the year ended December 31, 2023, was approximately HKD 10.6 million, compared to approximately HKD 14.8 million for the year ended December 31, 2022[84] Dividends and Share Capital - The company did not recommend any dividend payments for the fiscal year ended December 31, 2023, consistent with the previous year[41] - The board does not recommend the payment of any final dividend for the year ended December 31, 2023[87] - The company has not established a dividend policy and will consider various factors before declaring any future dividends[94] Other Information - The company has been involved in providing rental services for construction machinery primarily in Hong Kong and Macau, indicating a focus on the construction sector[15] - The company plans to expand its market presence and enhance its service offerings, including the provision of construction engineering and related services[15] - The company is preparing for the implementation of changes in long-term service payment regulations effective May 1, 2025, which may affect its financial obligations[20] - There have been no significant post-balance sheet events after December 31, 2023[100] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the year and up to the announcement date[101] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website[104] - The annual report for the year ending December 31, 2023, will be sent to shareholders and available for viewing on the relevant websites[104]
维亮控股(08612) - 2023 - 年度业绩