Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 97,150,000, representing an increase of 12.5% compared to HKD 86,480,000 in 2022[4] - The gross profit decreased to HKD 13,319,000, down 18.0% from HKD 16,264,000 in the previous year[4] - Operating loss for the year was HKD 19,461,000, compared to a loss of HKD 6,477,000 in 2022, indicating a significant increase in losses[4] - The net loss attributable to equity holders of the company was HKD 19,773,000, compared to HKD 6,518,000 in the prior year, reflecting a substantial increase in losses[5] - The basic and diluted loss per share for the year was HKD 17.19, compared to HKD 5.82 in the previous year, reflecting a worsening financial performance[5] - The company recorded a net loss of approximately HKD 20.3 million for the year ended December 31, 2023, compared to a net loss of approximately HKD 6.5 million for the year ended December 31, 2022[40] - The group recorded a loss attributable to owners of approximately HKD 19.8 million for the year ended December 31, 2023, compared to a loss of approximately HKD 6.5 million for the year ended December 31, 2022[55] Revenue Breakdown - Revenue for the year 2023 was HKD 97,150,000, an increase from HKD 86,480,000 in 2022, representing a growth of approximately 12.5%[20] - The revenue from foundation and related engineering was HKD 95,327,000 in 2023, up from HKD 86,178,000 in 2022, indicating a growth of about 10.5%[21] - The sales of alcoholic beverages increased significantly to HKD 1,823,000 in 2023 from HKD 302,000 in 2022, marking a growth of approximately 504.3%[20] - Total revenue from external customers for the year ended December 31, 2023, was HKD 97,150,000, an increase from HKD 86,480,000 in 2022, representing a growth of approximately 12.5%[29] Assets and Liabilities - Total assets decreased to HKD 104,305,000 from HKD 105,504,000, showing a slight decline in asset value[7] - Current liabilities increased to HKD 56,382,000 from HKD 38,643,000, indicating a rise in short-term financial obligations[9] - The total equity attributable to equity holders decreased to HKD 41,512,000 from HKD 61,284,000, indicating a decline in shareholder equity[7] - Trade receivables increased to HKD 22,777,000 in 2023 from HKD 7,287,000 in 2022, showing a substantial rise of approximately 212.5%[35] - The segment assets increased to HKD 100,939,000 in 2023 from HKD 96,141,000 in 2022, reflecting a growth of about 5.8%[28] - The segment liabilities rose significantly to HKD 59,161,000 in 2023 from HKD 40,929,000 in 2022, marking an increase of approximately 44.4%[28] Costs and Expenses - Cost of sales rose to approximately HKD 83.8 million for the year ended December 31, 2023, an increase of approximately HKD 13.6 million or 19.4% from approximately HKD 70.2 million in the prior year[49] - Employee costs increased to HKD 24,159,000 in 2023 from HKD 15,802,000 in 2022, representing a rise of approximately 52.5%[31] - Administrative and other operating expenses for the year ended December 31, 2023, were approximately HKD 14.6 million, an increase of about HKD 2.9 million or 24.8% compared to approximately HKD 11.7 million for the year ended December 31, 2022, primarily due to increased employee costs and beverage costs[52] - Financing costs increased from approximately HKD 0.6 million for the year ended December 31, 2022, to approximately HKD 1.6 million for the year ended December 31, 2023, representing an increase of about HKD 1.0 million[53] Market and Strategic Focus - The group continues to focus on foundation and related engineering services in Hong Kong and alcohol beverage trading in China, with plans for market expansion[11] - The company plans to continue investing in technological innovation and talent development to maintain its competitive edge in the foundation engineering sector[41] - The company is closely monitoring the alcohol beverage trade market in mainland China, anticipating growth due to increasing consumer demand[41] Other Financial Information - The company did not recommend any final dividend for the year ended December 31, 2023, consistent with the previous year[34] - The company has recognized a total of HKD 261,000 in other income and gains, down from HKD 1,496,000 in the previous year[20] - The company's other income decreased to approximately HKD 0.3 million for the year ended December 31, 2023, down from approximately HKD 1.5 million in the previous year, primarily due to the absence of government subsidies related to the COVID-19 pandemic[51] - The company anticipates that the new accounting standards will not have a significant impact on the consolidated financial statements in the foreseeable future[16] - The company is currently evaluating the impact of the long service payment amendment regulations on its obligations[19] - The company has not adopted the new and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[16] Audit and Compliance - The consolidated financial statements for the year ended December 31, 2023, have been reviewed and are consistent with the amounts reported in the group's financial statements[75] - The audit committee believes that the consolidated financial statements comply with applicable accounting standards and GEM listing rules, ensuring adequate disclosure[75] Customer and Stakeholder Relations - Major customer A contributed HKD 29,753,000 to total revenue in 2023, while customer C contributed HKD 21,043,000 in 2022[30] - The company expresses gratitude to customers, suppliers, business partners, shareholders, and employees for their support and contributions during the year[77]
基地锦标集团(08460) - 2023 - 年度业绩