Financial Performance - For the fiscal year ending December 31, 2023, the company reported total revenue of HKD 293,151,000, representing an increase of 53.8% from HKD 190,652,000 in the previous fiscal year[3]. - The gross profit for the same period was HKD 60,823,000, up 76.5% from HKD 34,524,000 year-on-year[3]. - The company incurred a loss from continuing operations of HKD 3,514,000, compared to a loss of HKD 1,974,000 in the previous year, indicating a worsening performance[4]. - The total comprehensive loss for the year was HKD 3,905,000, a significant reduction from HKD 16,217,000 in the prior year[4]. - The basic and diluted loss per share from continuing and discontinued operations was HKD 0.50, compared to HKD 0.99 in the previous year[4]. - The company reported a net profit attributable to non-controlling interests from continuing operations of HKD 4,714,000, up from HKD 2,791,000 in the previous year[4]. - The company reported an annual profit of HKD 1.200 million after tax expenses of HKD 5.490 million[28]. - The group recorded an annual loss of HKD 0.9 million for fiscal year 2023, an improvement from a loss of HKD 1.4 million in fiscal year 2022[76]. Revenue Breakdown - Total revenue for the year ended December 31, 2023, was HKD 293.151 million, with construction and fitting services contributing HKD 83.246 million and consumer products business contributing HKD 209.905 million[28]. - Revenue from design, renovation, and decoration services was HKD 83,246,000 in 2023, compared to HKD 105,912,000 in 2022, reflecting a decrease of 21%[17]. - The consumer products business generated revenue of approximately HKD 209.9 million for the fiscal year 2023, a significant increase of 149.0% compared to HKD 84.3 million for the fiscal year 2022[70]. - The construction and fitting services segment saw a revenue decrease of HKD 23.1 million to HKD 83.2 million in fiscal year 2023, down from HKD 106.3 million in fiscal year 2022[68]. Expenses and Costs - The total sales and distribution expenses increased to HKD 26,854,000 from HKD 6,966,000, reflecting a rise in operational costs[3]. - The financing costs for the year were HKD 6,398,000, compared to HKD 5,003,000 in the previous year, indicating increased borrowing costs[3]. - Interest expenses on other borrowings increased to HKD 6,330,000 in 2023 from HKD 4,933,000 in 2022, representing a rise of about 28.3%[43]. - The company's income tax expense for 2023 was HKD 5,490,000, up from HKD 3,100,000 in 2022, which is an increase of 77.1%[47]. - The total advertising expenses increased to HKD 25,008,000 in 2023 from HKD 5,901,000 in 2022, marking a substantial rise of 323.5%[45]. - Administrative expenses rose from HKD 14.6 million in fiscal year 2022 to HKD 17.2 million in fiscal year 2023, mainly due to increased administrative costs in the consumer products business[74]. Assets and Liabilities - Total assets increased to HKD 455,907,000 in 2023 from HKD 310,048,000 in 2022, representing a growth of 47%[6]. - Current assets net value rose to HKD 338,476,000 in 2023, up from HKD 219,146,000 in 2022, marking a 54% increase[6]. - Total liabilities increased to HKD 117,431,000 in 2023 from HKD 90,902,000 in 2022, representing a rise of 29%[6]. - The asset-liability ratio was approximately 20.3% as of December 31, 2023, up from 16.8% on December 31, 2022[84]. - The total trade payables decreased to HKD 26,648,000 in 2023 from HKD 36,853,000 in 2022, a decline of 27.7%[59]. Strategic Plans and Future Outlook - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming fiscal year[2]. - The company is exploring new strategies for growth, including potential mergers and acquisitions to strengthen its market position[2]. - The group expects to expand construction projects in Hong Kong and Macau, which may enhance business performance in fiscal year 2024[77]. Share and Capital Management - The company proposed a share consolidation on December 9, 2022, where every two existing shares will be consolidated into one share, increasing the authorized share capital from HKD 10 million to HKD 60 million[90]. - The company plans to raise up to approximately HKD 120.96 million by issuing a maximum of 864,000,000 rights shares at a subscription price of HKD 0.140 per share[91]. - The group successfully placed 259,200,000 shares at a price of HKD 0.105 per share, raising approximately HKD 26.8 million, which will be used to repay HKD 30 million of interest-bearing loans[81]. - The net proceeds from a previous share placement of 144,000,000 shares amounted to approximately HKD 20.6 million, fully utilized by December 31, 2023[89]. Miscellaneous - The company has ceased its financial services segment during the current year[26]. - The company maintained a public float of at least 25% of its issued shares as required by listing rules[110]. - The audit committee consists of three independent non-executive directors and has reviewed the consolidated financial statements for the fiscal year 2023[112]. - The annual report for the fiscal year 2023 will be sent to shareholders by April 30, 2024[113].
旷逸国际(01683) - 2023 - 年度业绩