Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 15,081,000, a significant increase of 279% compared to HKD 3,961,000 in 2022[5] - Gross profit for the same period was HKD 7,281,000, compared to a gross loss of HKD 972,000 in the previous year[5] - Operating loss decreased to HKD 7,880,000 from HKD 10,312,000 year-over-year, indicating improved operational efficiency[5] - The total comprehensive loss for the year was HKD 39,836,000, slightly higher than the loss of HKD 35,324,000 in 2022[6] - Basic and diluted loss per share increased to HKD 4.87 from HKD 2.71 in the previous year[6] - The company reported a net loss of HKD 45,076,000 for the year ended December 31, 2023, compared to a net loss of HKD 38,539,000 in 2022, representing an increase in losses of approximately 16%[21] - The total comprehensive loss for the year was HKD 39,836,000, compared to HKD 35,324,000 in the previous year, indicating an increase of approximately 13%[21] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 27,554,000, up from HKD 22,213,000 in 2022[8] - Total liabilities decreased to HKD 172,272,000 from HKD 222,558,000, reflecting a reduction in financial obligations[9] - The company reported a capital deficit of HKD 144,718,000, improved from HKD 200,345,000 in the previous year[9] - The company’s total equity attributable to owners decreased to HKD 68,404,000 as of December 31, 2023, from HKD 72,286,000 in 2022[21] - The company’s non-controlling interests increased by HKD 66,316,000 during the year due to capital injection[21] Cash Flow and Financing - The company issued new shares through debt capitalization amounting to HKD 30,372,000 during the year[21] - The company secured new financing of approximately RMB 14,568,000 (equivalent to HKD 15,969,000) on January 16, 2023, to alleviate liquidity pressure and improve financial conditions[22] - The net cash used in operating activities was HKD 9,993,000 for the year, down from HKD 21,353,000 in 2022, indicating a decrease of about 53%[21] - Cash and cash equivalents stood at HKD 12,003,000 as of December 31, 2023, compared to HKD 13,599,000 in 2022, showing a decrease of about 12%[21] - The company plans to continue sourcing additional funds from external resources and/or fundraising opportunities[77] Revenue Sources - The company reported revenue from engineering products and related services of HKD 15,081,000 for the year 2023, a significant increase from HKD 3,961,000 in 2022, representing a growth of approximately 279%[34] - Revenue recognized at a point in time was HKD 9,844,000 in 2023, compared to HKD 1,990,000 in 2022, indicating a growth of approximately 394%[34] - The company recorded a significant increase in engineering business revenue, contributing approximately HKD 15,100,000 to total revenue, a growth of 280.8%[50] Expenses and Costs - Operating loss for the year was HKD 45,100,000, compared to a loss of HKD 38,500,000 in the previous year, primarily due to financing costs and other losses[55] - Financing costs increased to approximately HKD 37,200,000 from HKD 27,300,000 in the previous year, mainly due to accrued interest from other borrowings[54] - Administrative expenses for the year were approximately HKD 13,100,000, down from HKD 15,800,000 in the previous year, mainly due to reduced employee-related expenses[54] - Other income for the year was approximately HKD 347,000, a decrease from HKD 5,800,000 in the previous year, primarily due to the absence of one-time litigation compensation received in the prior year[51] Employee and Operational Metrics - The group employed 12 employees as of December 31, 2023, a decrease from 35 employees as of December 31, 2022[63] - The total employee costs for the year were approximately HKD 6,600,000, down from HKD 11,100,000 for the fiscal year ended December 31, 2022[63] Dividends and Investments - The company did not declare or recommend any final dividends for the year, consistent with the previous year[45] - The group did not make any significant investments or acquisitions during the year[64][65] - The group has no specific major investment or capital asset plans for the coming year[66] Future Outlook - The management believes that the company will have sufficient working capital to meet its financial obligations due within the next twelve months[23] - The company is actively negotiating a contract for engineering-related services worth RMB 15,000,000 (approximately HKD 16,443,000) to enhance operational performance and cash inflow in its robotics business in China[22] - The management is actively working to improve the operating performance and net cash inflow of the robotics business in China, including negotiating a project-related service contract worth RMB 15,000,000 (approximately HKD 16,443,000) with a client[77]
超人智能(08176) - 2023 - 年度业绩