Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 60,224,000, a decrease of 44.8% compared to HKD 109,193,000 in 2022[13]. - The company reported a net loss of HKD 84,486,000 for the year, compared to a loss of HKD 81,088,000 in 2022, reflecting a 4.9% increase in losses[13]. - The company’s total interest income for 2023 was 10,291,000 HKD, down from 13,902,000 HKD in 2022, indicating a decline of approximately 26.5%[35]. - The company recorded a net loss of HKD 84,500,000 for the year, compared to a net loss of HKD 81,100,000 in the previous year, with basic and diluted loss per share at HKD 0.0138[142]. - The company recognized a loss from the fair value of financial assets amounting to approximately 5,152,000 HKD in 2023, compared to a loss of 266,894,000 HKD in 2022[33]. Assets and Liabilities - The total assets decreased to HKD 2,743,941,000 from HKD 3,921,321,000, representing a decline of 30%[21]. - The total liabilities decreased significantly to HKD 152,022,000 from HKD 474,508,000, a reduction of 68%[21]. - The net asset value decreased to 3,731,045,000 HKD in 2023 from 5,278,315,000 HKD in 2022, indicating a decline of about 29.3%[41]. - The group’s total liabilities decreased to HKD 1,481,217,000 in 2023 from HKD 402,241,000 in 2022, indicating a significant increase in liabilities[124]. - The group held secured bank loans of HKD 51,235,000 as of the reporting period, compared to HKD 53,199,000 in 2022[200]. Cash and Cash Equivalents - The company’s cash and cash equivalents stood at HKD 348,050,000, a slight decrease from HKD 368,819,000 in the previous year[21]. - The group’s cash and cash equivalents were reported at HKD 425,000 as of December 31, 2023, compared to HKD 5,472,000 in 2022, showing a decrease of approximately 92.2%[119]. Revenue Segments - Interest income from margin clients increased to 22,315,000 HKD in 2023, compared to 18,907,000 HKD in 2022, representing a growth of approximately 17.4%[48]. - The financial services segment generated revenue of 3,377,000 HKD in 2023, down from 3,992,000 HKD in 2022, a decrease of about 15.4%[34]. - The financial services segment reported a profit of HKD 7,500,000, down from HKD 8,800,000 in the previous year, while the tactical and strategic investment segment incurred a loss of HKD 50,800,000, an improvement from a loss of HKD 73,900,000[142]. Expenses - The company incurred total operating expenses of HKD 46,617 million in 2023, down from HKD 59,935 million in 2022, showing a reduction in costs[57]. - Employee benefit expenses, including directors' remuneration, decreased to HKD 16,900 million in 2023 from HKD 24,534 million in 2022, reflecting cost-cutting measures[71]. - The company’s legal and professional fees for marketing expenses totaled HKD 4,192 million in 2023, compared to HKD 8,306 million in 2022, indicating a strategic reduction in marketing costs[57]. Equity and Shareholder Information - The total equity decreased from 5,278,315,000 HKD in 2022 to 3,731,045,000 HKD in 2023, a reduction of about 29.3%[41]. - The basic and diluted loss per share for 2023 was HKD (1.38), slightly worse than HKD (1.33) in 2022[73]. - The company did not recommend any dividend payment for the year ended December 31, 2023, consistent with the previous year[72]. Investment and Fair Value - The company recognized a fair value loss of approximately HKD 140,000,000 on its investment in Future Capital Group Limited during the year, consistent with the previous year's loss of HKD 31,000,000[98]. - The company reported a significant unrealized loss on financial assets of HKD (46,427) million in 2023, compared to HKD (92,557) million in 2022, suggesting a reduction in market volatility impact[70]. - The company held a 7.88% stake in Co-Lead Holdings Limited as of December 31, 2023, up from 2.18% in 2022, with a fair value loss of approximately HKD 9,877,000 recognized during the year[92]. Future Outlook and Management - The company plans to continue prudent capital management and liquidity risk management policies to navigate future challenges[140]. - The company plans to maintain a conservative and balanced risk management approach while regularly reviewing and adjusting business strategies[184].
威华达控股(00622) - 2023 - 年度业绩