Financial Performance - The total revenue for the year ended December 31, 2022, was HKD 109,193,000, a significant recovery from a loss of HKD 3,101,855,000 in 2021[22] - The net loss for the year was HKD 81,088,000, compared to a much larger loss of HKD 3,145,728,000 in the previous year, indicating a substantial improvement[22] - The company reported a net gain from the sale of financial assets at fair value through profit or loss of HKD 25,085,000, recovering from a loss of HKD 3,225,077,000 in 2021[22] - The basic and diluted loss per share for the year was HKD 1.33, a significant reduction from HKD 51.46 in 2021, showing improved financial performance[24] - The total comprehensive loss for the year was HKD 482,718,000, significantly lower than HKD 4,206,677,000 in 2021, reflecting improved operational efficiency[24] - The company reported a significant decrease in revenue from financial assets measured at fair value through profit or loss, from HKD 748,076,000 in 2021 to HKD 266,894,000 in 2022, a drop of approximately 64.3%[36] - The group reported a pre-tax loss of HKD 3,551,087,000 for the year, reflecting significant challenges in the market[66] - The company reported a loss attributable to equity shareholders of HKD (81,088,000) in 2022, compared to a loss of HKD (3,145,728,000) in 2021, indicating a significant improvement[166] Income and Expenses - Dividend income increased to HKD 22,362,000 from HKD 15,222,000, reflecting a positive trend in income generation[22] - The company incurred a financing cost of HKD 22,893,000, down from HKD 26,793,000 in the previous year, indicating improved cost management[22] - Other comprehensive losses for the year totaled HKD 401,630,000, compared to HKD 1,060,949,000 in the previous year, indicating a reduction in overall losses[24] - The company recognized a reversal of impairment losses on receivables amounting to HKD 13,688,000, contrasting with a loss of HKD 7,941,000 in 2021[22] - The company reported a decrease in employee benefit expenses to HKD 24,534,000 from HKD 29,202,000, indicating cost-cutting measures[22] - The company incurred business development expenses of HKD 8,158 million in 2022, significantly lower than HKD 140,141 million in 2021[68] - The current tax expense for the year was HKD 1,800 million in 2022, compared to HKD 3,346 million in 2021, indicating a decrease of approximately 46.2%[70] Assets and Liabilities - Total assets decreased from HKD 5,744,869,000 in 2021 to HKD 5,279,626,000 in 2022, a decline of approximately 8.1%[25] - Non-current assets decreased from HKD 3,921,321,000 in 2021 to HKD 3,134,196,000 in 2022, representing a decrease of about 20.0%[25] - Current liabilities decreased from HKD 1,832,813,000 in 2021 to HKD 1,358,305,000 in 2022, a reduction of approximately 25.8%[25] - The company's net asset value decreased from HKD 5,740,846,000 in 2021 to HKD 5,278,315,000 in 2022, a decline of about 8.0%[26] - The company’s total liabilities decreased from HKD 4,023,000 in 2021 to HKD 1,311,000 in 2022, a decrease of approximately 67.4%[26] - The company’s cash and cash equivalents decreased from HKD 848,645,000 in 2021 to HKD 368,819,000 in 2022, a decline of about 56.5%[25] - The company’s receivables decreased from HKD 1,427,067,000 in 2021 to HKD 1,017,671,000 in 2022, a reduction of approximately 28.8%[25] Investment and Financing - The company has a bank loan secured against investment properties valued at HKD 102,750 million as of December 31, 2022[75] - The company plans to continue its strategic investment in Future Capital, acquiring a 17.81% stake for HKD 750 million[83] - The company recognized a fair value loss of approximately HKD 31 million on its investment in Future Capital during the year[83] - The company sold 15,426,500 shares of Hong Kong Shanghai Hotels Limited for a total consideration of HKD 197,460,000, equivalent to HKD 12.8 per share, on February 11, 2022[186] - The company subscribed for shares in Future Capital Group Limited for HKD 750,000,000, at a price of HKD 200,000 per share, on February 17, 2022[187] Corporate Governance - The company has established an audit committee to oversee financial reporting and internal controls, consisting of five independent non-executive directors[190] - The annual results for the year have been audited by the company's auditor, confirming compliance with financial reporting standards[192] - The company is committed to maintaining high standards of corporate governance, although it has not fully complied with all provisions of the corporate governance code[193]
威华达控股(00622) - 2022 - 年度业绩