Financial Performance - Revenue from continuing operations for the year ended December 31, 2022, was HKD 352,276,000, an increase of 6.0% from HKD 331,335,000 in 2021[5] - The net loss for the year was HKD 320,126,000, compared to a profit of HKD 208,427,000 in the previous year, resulting in a loss per share of HKD 10.01[6] - Total comprehensive loss for the year amounted to HKD (614,945,000), compared to a total comprehensive income of HKD 277,527,000 in the previous year[28] - The group reported a pre-tax loss of HKD 320,126,000 from continuing operations for the year ended December 31, 2022, compared to a profit of HKD 208,904,000 in 2021[60] - The company reported a loss from continuing operations of HKD (320,126,000) for the year, compared to a profit of HKD 76,247,000 in the previous year[26] - Basic loss per share for the year was HKD (10.01), a decrease from a profit of HKD 6.49 per share in the prior year[27] - The net loss from the property management segment was HKD (304,149,000) in 2022, compared to a profit of HKD 140,352,000 in 2021, indicating a significant decline[69] - The company incurred a tax expense of HKD 12,413,000 in mainland China for 2022, compared to HKD 5,335,000 in 2021, representing an increase of 133.5%[52] Assets and Liabilities - The total non-current assets decreased to HKD 4,955,907,000 from HKD 5,490,228,000, reflecting a decline of approximately 9.7%[10] - The total current assets decreased to HKD 1,284,151,000 from HKD 1,404,706,000, a reduction of about 8.6%[10] - Current liabilities decreased significantly to HKD 554,426,000 from HKD 1,305,463,000, a decrease of approximately 57.5%[10] - The total equity decreased to HKD 3,248,629,000 from HKD 3,863,574,000, representing a decline of about 15.9%[12] - The company’s total liabilities as of December 31, 2022, were HKD 4,935,257,000, compared to HKD 4,653,309,000 at the beginning of the year[61] - The total assets as of January 1, 2022, were HKD 4,653,309,000, which increased to HKD 5,467,503,000 by the end of the year[61] - The company’s total equity decreased from HKD 123,428,000 at the beginning of 2022 to HKD (404,737,000) by the end of the year[61] Revenue Streams - Rental income from investment properties amounted to HKD 133,668,000 in 2022, up from HKD 126,184,000 in 2021, reflecting a growth of 5.9%[48] - The property management segment generated approximately HKD 218,608,000 in revenue, up from HKD 205,151,000 year-over-year[123] - The property development and investment segment recorded revenue of approximately HKD 133,668,000, an increase from HKD 126,184,000 in the previous year[123] Financial Management and Strategy - The company plans to continue its property development and investment activities in the UK, the US, and mainland China[14] - The company continues to provide property management services in mainland China as part of its core business operations[32] - The group has adjusted its financial statements to eliminate any potential accounting policy discrepancies[20] - The group maintains a prudent financial management strategy to ensure stable liquidity throughout the year[99] - The company plans to focus on its core business of property development, investment, and management after ceasing operations in the leisure center sector[76] Accounting and Compliance - The company has adopted revised Hong Kong Financial Reporting Standards, which clarified the costs associated with contract performance, but these revisions did not impact the financial position or performance[20] - The group applied new accounting standards from January 1, 2022, but noted that these changes did not impact its financial position or performance[42] - The audit committee reviewed the annual performance and had no objections to the company's accounting policies and internal controls[150] - The company has maintained compliance with the corporate governance code throughout the year, with the exception of the chairman also serving as the CEO[136] Market and Investment Activities - The company continues to focus on strategic investments in property development and management services in China, the US, and the UK to ensure stable income sources[134] - The group is focused on property development and investment, with plans to expand into international markets such as the US and Europe[105] - The group plans to develop a 36,319 square feet site in Culver City, California, allowing for the construction of 139 residential units, including 14 units for low-income residents[91] Other Financial Metrics - The company recorded a foreign exchange adjustment gain of HKD 90,240,000 in 2022, compared to a gain of HKD 90,240,000 in 2021[61] - The group recognized a foreign exchange gain of HKD 13,559,000 in 2022, compared to a loss of HKD 2,076,000 in 2021[51] - The average number of ordinary shares in issue for calculating basic earnings per share was 3,199,373,986 for both 2022 and 2021[57] - The average number of ordinary shares issued for calculating basic loss per share was 3,199,373,986 in 2022, down from 4,563,516,372 in 2021, indicating a reduction of approximately 30%[80] Subsequent Events and Future Outlook - There were no significant subsequent events after the reporting period up to the announcement date[152] - The group will continue to monitor exchange rate fluctuations closely to mitigate foreign exchange risks[97] - The company did not declare any final dividend for the year ended December 31, 2022[128]
国锐生活(00108) - 2022 - 年度业绩