Financial Performance - The company reported a diluted loss per share consistent with the basic loss per share for the year ended December 31, 2023[3]. - The company's revenue for the year 2023 was HKD 554,581,000, a decrease of 18.4% compared to HKD 679,946,000 in 2022[34]. - The net loss attributable to shareholders for 2023 was HKD (176,848,000), slightly improved from HKD (178,140,000) in 2022, indicating a decrease of 0.7%[34]. - The company reported an adjusted profit of HKD 15,727,000 for 2023, a significant recovery from a loss of HKD (56,101,000) in 2022[34]. - The company reported a loss attributable to the company's owners for the year was HKD 177,421,000, compared to a loss of HKD 165,324,000 in the previous year, indicating an increase in losses[128]. - The basic and diluted loss per share for the year was HKD 4.08, compared to HKD 3.84 in the previous year, representing a deterioration in earnings per share[128]. - The company reported a total comprehensive expense of HKD 205,459,000 for the year, compared to HKD 244,727,000 in the previous year, reflecting a decrease of approximately 16%[128]. - The company reported a net loss of HKD 176,848,000 for the year, slightly better than the net loss of HKD 178,140,000 in 2022[126]. Revenue and Profitability - The company reported a total revenue of HKD 29,736,000, down from HKD 31,481,000 in the previous year[15]. - Revenue from maternity services was HKD 554,581,000, down from HKD 676,342,000 in the previous year, a decline of approximately 18%[139]. - Gross profit increased to HKD 121,032,000 in 2023, representing a growth of 22.6% from HKD 98,740,000 in 2022, with a gross margin of 21.8%[34]. - The gross margin improved by 7.3 percentage points from 14.5% in 2022 to 21.8% in 2023[34]. - The monthly service business revenue decreased by 18.0% year-on-year to approximately HKD 554.6 million, mainly due to the impact of the post-epidemic period and currency depreciation[75]. - The net profit from the monthly service business was HKD 11.7 million, a significant improvement from a net loss of approximately HKD 63.6 million in 2022, driven by recovery from the pandemic and operational efficiency[75]. Operational Efficiency and Strategy - The company plans to continue focusing on operational efficiency and strategic execution under the leadership of the newly appointed chairman and CEO[8]. - The company completed its first year of the "Five-Year Fifty Cities Plan," achieving market coverage in ten cities by the end of 2023, with a total of 18 operational centers[35]. - The number of operational centers increased from 12 in 2022 to 18 in 2023, reflecting a successful expansion strategy[38]. - The company is advancing its "Five-Year Fifty Cities Plan" to enhance customer-centric services and expand its market share in the maternal and infant sector[74]. - The new home-based service business is expected to rapidly expand in the market due to its superior user experience and lower capital investment compared to traditional services[78]. - The company launched a new non-residential maternal and infant service under the "Combined Aidi Palace" brand, expanding into the home service market with centers opened in Quanzhou and Fuzhou[43]. Financial Position and Assets - The net asset value of the group as of December 31, 2023, was approximately HKD 755.95 million, a decrease of about HKD 169.46 million from HKD 925.41 million in 2022, primarily due to the annual loss[59]. - The current ratio as of December 31, 2023, was 1.16, compared to 1.06 in 2022, indicating improved liquidity[60]. - The asset-liability ratio as of December 31, 2023, was 0.83, compared to 0.51 in 2022, indicating a significant increase in leverage[95]. - The total liabilities of the group were HKD 1,204,218,000, a decrease from HKD 1,306,114,000 in 2022, indicating a reduction of approximately 7.8%[162]. - Non-current assets decreased to HKD 1,513,268,000 in 2023 from HKD 1,738,899,000 in 2022, a decline of about 12.9%[106]. - Current liabilities reduced to HKD 384,428,000 in 2023 from HKD 463,670,000 in 2022, showing a decrease of approximately 17.0%[107]. Expenses and Cost Management - Total employee costs, including directors' remuneration, amounted to HKD 221,316,000, down from HKD 290,083,000 in the previous year[20]. - Interest expenses on bank and other borrowings decreased to HKD 26,406,000 from HKD 53,775,000 year-on-year[15]. - The company's administrative expenses for the year amounted to approximately HKD 140.92 million, an increase of about HKD 19.9 million or 16.4% compared to HKD 121.02 million in 2022, primarily due to increased non-cash impairment provisions[52]. - Sales and distribution expenses decreased to approximately HKD 116.27 million, down by about HKD 32.19 million or 21.7% from HKD 148.45 million in 2022, attributed to innovative marketing strategies enhancing marketing efficiency[53]. - Financial costs for the year were approximately HKD 53.77 million, a reduction of about HKD 10.8 million or 16.7% from HKD 64.57 million in 2022, mainly due to lower interest expenses on bonds and bank loans[54]. Shareholder Information - The company did not recommend a final dividend for the year, consistent with the previous year[27]. - The weighted average number of ordinary shares for calculating basic and diluted loss per share increased from 4,308,892,000 in 2022 to 4,350,901,000 in 2023[28]. - The company expressed gratitude to shareholders for their support and acknowledged the contributions of the board members[173].
爱帝宫(00286) - 2023 - 年度业绩