Dividend Distribution - The company did not recommend any dividend distribution for the year ending December 31, 2023, similar to 2022, where no dividend was paid[4]. - The company does not recommend the payment of any dividends for the year ending December 31, 2023, consistent with the previous year[79]. Employee Count - As of December 31, 2023, the group employed approximately 53 employees in Hong Kong and China, a decrease from 63 employees in 2022[5]. Investments and Acquisitions - There were no significant investments or acquisitions made by the group for the year ending December 31, 2023[6]. Business Operations - The supermarket business in mainland China maintained stable operations without significant growth due to macroeconomic adjustments[11]. - The rental income from the subsidiary, Guangdong Changliu Investment Co., Ltd., is expected to remain stable in the coming year[26]. - The minimum rental income receivable for the first year is HKD 24,927,000, an increase from HKD 17,929,000 in the previous year[14]. - The company plans to integrate property development and management with daily living needs under the theme "Every Day, Life, New City" initiated in 2019[26]. Financial Performance - The company recorded revenue of approximately HKD 172,926,000 for the year ended December 31, 2023, compared to HKD 180,190,000 in 2022, representing a decrease of about 4.1%[34]. - The net loss for the year was approximately HKD 141,766,000, an increase from a loss of HKD 127,783,000 in 2022, indicating a rise in losses of about 10.9%[34]. - Basic loss per share was HKD 138.53, compared to HKD 88.08 in the previous year, reflecting a significant increase in loss per share of approximately 57.2%[34]. - Gross profit for the year was HKD 79,871,000, down from HKD 81,807,000 in 2022, showing a decline of about 2.4%[36]. - The company reported other income of HKD 14,311,000, an increase from HKD 9,840,000 in the previous year, representing a growth of approximately 45.1%[36]. - Total comprehensive loss for the year amounted to HKD 171,750,000, compared to HKD 210,361,000 in 2022, indicating a decrease in comprehensive loss of about 18.4%[38]. Assets and Liabilities - Non-current assets decreased to HKD 784,719,000 from HKD 1,015,870,000 in 2022, a decline of approximately 22.7%[40]. - Current liabilities increased to HKD 395,741,000 from HKD 186,576,000 in the previous year, reflecting a significant rise of about 111.2%[40]. - Total assets as of December 31, 2023, were HKD 1,728,153,000, down from HKD 1,965,280,000 in 2022, reflecting a decrease of approximately 12%[61]. - Total liabilities increased to HKD 1,356,427,000 in 2023 from HKD 1,442,068,000 in 2022, showing a reduction of about 6%[61]. Shareholder Information - The company will publish its annual report by April 29, 2024, or earlier, for shareholders[19]. - The company reported a loss attributable to shareholders of HKD 125,946,000 for the year 2023, compared to a loss of HKD 76,228,000 in 2022, representing an increase in loss of approximately 65%[78]. - The weighted average number of ordinary shares issued for calculating basic loss per share increased to 90,917,239 in 2023 from 86,543,290 in 2022[78]. Financial Ratios - The current ratio as of December 31, 2023, was 2.38, significantly lower than 5.09 in 2022, indicating a decrease in liquidity[119]. - The debt-to-equity ratio as of December 31, 2023, was 74%, up from 69% in 2022, reflecting an increase in leverage[121]. Construction and Development - The company has ongoing construction projects in Luoyang, with potential penalties for delays based on land use rights valued at approximately HKD 34,209,000[85]. - The group received a construction land permit for its investment property in Luoyang and expects to commence work within 12 months of the approval date[109]. - As of September 27, 2023, the group received a land use permit and anticipates starting construction within 12 months[92]. Other Financial Information - The company incurred a fair value loss of HKD 166,751,000 on its investment properties in 2023[81]. - The company reported a foreign exchange loss of HKD 25,114,000 in 2023, compared to a loss of HKD 63,962,000 in 2022, indicating an improvement in foreign exchange impact[81]. - The company’s total investment properties' book value as of December 31, 2023, was HKD 661,819,000, down from HKD 856,025,000 in 2022, a decrease of approximately 23%[81].
新城市建设发展(00456) - 2023 - 年度业绩