Financial Performance - The total reported revenue for the year ended December 31, 2022, was approximately HKD 711,600,000, a decrease of about HKD 424,000,000 or approximately 37.3% compared to HKD 1,135,600,000 in the previous year[8]. - The company reported a total revenue of HKD 1,135,586,000 for the year, compared to HKD 711,605,000 in the previous year, indicating a growth of approximately 59.5%[144]. - The company reported a net loss of HKD 607 million for the year ended December 31, 2022, compared to a net loss of HKD 1,190 million in the previous year, indicating a significant improvement[104]. - The company has identified a pre-tax loss of HKD 1,117,574,000 for the year, reflecting challenges in operational performance[158]. - The company reported a total comprehensive loss of HKD 606.7 million for the year, compared to a loss of HKD 1.206 billion in the previous year[87]. Revenue Breakdown - Non-gaming revenue for the year was approximately HKD 192,500,000, down by about HKD 25,700,000 or approximately 11.8% from HKD 218,200,000 in the prior year[13]. - Total revenue from gaming operations reached HKD 519,119,000, with gaming revenue contributing HKD 519,119,000 and non-gaming revenue HKD 242,415,000[159]. - Revenue from gaming-related services decreased to HKD 450,873,000 from HKD 902,795,000 year-on-year[124]. - The gaming revenue for VIP tables increased by 29.9% to HKD 158,756,000 from HKD 122,167,000 year-on-year[56]. - The average daily net win per gaming table decreased to HKD 9 from HKD 27, representing a decline of 66.7%[30]. Assets and Liabilities - The group's net asset value attributable to owners as of December 31, 2022, was approximately HKD 3,708,200,000, a decrease of about HKD 606,700,000 from HKD 4,314,900,000 a year earlier[22]. - The total amount of outstanding secured and guaranteed bank loans was approximately HKD 2,158,000,000, with additional unsecured loans of HKD 400,000,000 as of December 31, 2022[23]. - The company had a net current liability of approximately HKD 978 million as of December 31, 2022, compared to HKD 787.7 million in the previous year[104]. - The total non-current liabilities amounted to HKD 2,239,797,000, a decrease from HKD 2,443,754,000 in the previous year[109]. - The company’s non-current assets decreased to HKD 6.926 billion from HKD 7.546 billion year-on-year[102]. Operational Metrics - The average occupancy rate for the group's hotels was 60.2% in 2022, down from 67.5% in 2021[15]. - The average daily room rate for the group's hotels was HKD 580 in 2022, compared to HKD 769 in 2021[15]. - The average number of table games decreased by 4.9% to 58 from 61 in the previous year[56]. - The company had approximately 1,966 employees as of December 31, 2022, down from 3,603 in the previous year, including zero gaming operation employees[27]. - The total betting amount for table games and slot machines was HKD 1,021,249,000, a decrease of 58.9% compared to HKD 2,481,775,000 in the previous year[56]. Financing and Debt Management - The company is negotiating a restructuring plan for existing bank loans and obtaining additional credit financing[34]. - The company has pledged certain assets as collateral for credit financing, including investment properties valued at approximately HKD 464.8 million and buildings valued at approximately HKD 3.687 billion[37]. - The company received waivers from its lenders regarding certain loan covenants, which are valid until December 31, 2023, and plans to seek further extensions or amendments[104]. - The total bank and other borrowings amounted to HKD 2.558 billion, with HKD 542.3 million due within the next 12 months[104]. - The company is currently discussing the restructuring of outstanding loans totaling HKD 2,069,300,000 with banks[107]. Future Outlook - The group anticipates continued support from local customers and an increase in visitors from mainland China, which may positively impact future performance[20]. - The group anticipates a significant increase in tourist arrivals to Macau following the lifting of travel restrictions, which is expected to improve business and financial performance[107]. - The company is focused on market expansion and new product development in the gaming sector[56]. - The company is navigating regulatory changes in Macau, which may affect future operations and market strategies[199]. - The company plans to continue evaluating its corporate governance structure, particularly regarding the roles of the Chairman and CEO[177].
澳门励骏(01680) - 2022 - 年度业绩