Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 726,536,000, a decrease of 65.8% compared to HKD 2,125,223,000 in 2021[17] - The company reported a net loss of HKD 14,261,000 for the year, compared to a net loss of HKD 5,648,000 in the previous year, representing an increase in loss of 152.5%[17] - The basic and diluted loss per share for the year was HKD 0.37, compared to HKD 0.15 in the previous year, indicating a worsening in per-share performance[17] - Revenue from supply chain business products was HKD 626,693,000, down from HKD 2,103,228,000 in 2021, a decrease of 70.2%[23] - The company reported a pre-tax loss of HKD 16,838,000 for the year, compared to a pre-tax loss of HKD 271,000 in the previous year[43][44] - The total loss for the year was HKD 5.648 million, with financial costs amounting to HKD 47.974 million[66] - The company reported a net loss of approximately HKD 14,300,000 for the year ended December 31, 2022, compared to a net loss of HKD 5,600,000 for the previous year, primarily due to decreased revenue from the supply chain business and expected credit losses of HKD 18,300,000[132] Assets and Liabilities - Non-current assets increased to HKD 462,121,000 in 2022 from HKD 459,856,000 in 2021, showing a slight growth of 0.5%[3] - Current assets decreased significantly from HKD 1,092,003,000 in 2021 to HKD 865,686,000 in 2022, a decline of 20.7%[3] - The company's total liabilities decreased from HKD 841,446,000 in 2021 to HKD 668,904,000 in 2022, a reduction of 20.5%[3] - The company’s equity attributable to shareholders decreased from HKD 646,416,000 in 2021 to HKD 568,923,000 in 2022, a decline of 12.0%[10] - The total assets of the company were valued at HKD 1,327,807,000, while total liabilities included deferred tax liabilities of HKD 37,130,000[48] - The total assets as of December 31, 2022, were HKD 1,551.859 million, with total liabilities of HKD 758.884 million[69] - The company’s total assets as of December 31, 2022, amounted to HKD 1,236,960,000, with significant contributions from various segments including hotel management and property investment[91] Revenue Streams - The supply chain business generated revenue of HKD 632.216 million, while the hotel management and catering services contributed HKD 87.504 million[67] - Revenue from the hotel management and catering services segment reached HKD 87,500,000 for the year ended December 31, 2022, compared to zero in the previous year, indicating a new revenue stream for the company[129] - The company reported a significant increase in revenue from the Chinese market, rising to HKD 387.369 million in 2022 from HKD 248.495 million in 2021[72] Expenses and Costs - Employee costs, including directors' remuneration, rose to HKD 55,222,000 from HKD 18,926,000, an increase of 191.5%[35] - The group recorded administrative expenses of HKD 62,700,000, an increase of HKD 16,400,000 from HKD 46,300,000 in the previous year, primarily due to expected credit loss provisions and costs from newly acquired hotel management and catering services[158] - The company's financial costs decreased from HKD 48,000,000 for the year ended December 31, 2021, to HKD 31,900,000 for the year ended December 31, 2022, mainly due to loan repayments[132] Cash and Cash Equivalents - The company’s cash and cash equivalents decreased to HKD 37,684,000 in 2022 from HKD 15,442,000 in 2021, reflecting a decline of 142.5%[3] - The group's cash and cash equivalents decreased to HKD 5,465,000 from HKD 15,113,000 as of December 31, 2021[136] - The group's cash and cash equivalents increased to HKD 37.7 million in 2022 from HKD 15.4 million in 2021, while interest-bearing borrowings decreased to HKD 470.9 million from HKD 527.6 million[163] Investments and Acquisitions - The company acquired non-current assets worth HKD 219.926 million from subsidiaries during the reporting period[70] - The acquisition of Zhuojian Industrial Group was completed for HKD 120 million on April 1, 2022, making it a wholly-owned subsidiary[198] - The company expanded its business into hotel management and catering services through the acquisition of Chuang Jian Industrial Group, which has become a major growth area[123] Risk Management and Future Plans - The company plans to continue focusing on its core business segments, including leasing services and property investment, to drive future growth[40] - The group aims to enhance the performance of its core supply chain business by eliminating non-value-added activities and expanding its customer base in 2023[178] - The group will maintain strict risk control in its leasing business and extend services to other market participants while being cautious in property investment and lending[179] Employee Information - As of December 31, 2022, the group had approximately 330 employees, a significant increase from about 50 employees in 2021[200] - The total employee cost for the year ended December 31, 2022, was approximately HKD 55,200,000, representing 7.6% of the group's revenue[200] Other Financial Metrics - The capital debt ratio was 82.8% as of December 31, 2022, compared to 81.6% in 2021, indicating stable financial leverage[164] - The group reported a significant reduction in accounts payable from HKD 310.8 million in 2021 to HKD 152.4 million in 2022, aligning with a slowdown in supply chain operations[189] - The total amount of receivables from finance leases was HKD 27,700,000, with recognized revenue of HKD 2,300,000 for the year[153]
百德国际(02668) - 2022 - 年度业绩