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数盟资本(08375) - 2023 - 年度财报
DATA UNION CAPDATA UNION CAP(HK:08375)2024-04-02 10:23

Financial Performance - The group's revenue decreased by 2.4% from approximately HKD 86.4 million for the year ended December 31, 2022, to approximately HKD 84.3 million for the year ended December 31, 2023, primarily due to weak demand for traditional electronic capacitors and intense competition [8]. - Revenue from the sale of industrial aluminum electrolytic capacitors increased by approximately HKD 4.0 million, from approximately HKD 69.6 million for the year ended December 31, 2022, to approximately HKD 73.6 million for the year ended December 31, 2023 [13]. - Revenue from the trading of electronic components decreased from approximately HKD 16.8 million for the year ended December 31, 2022, to approximately HKD 10.6 million for the year ended December 31, 2023 [13]. - The group recorded an annual loss of approximately HKD 12.2 million for the year ended December 31, 2023, compared to a loss of approximately HKD 18.5 million for the year ended December 31, 2022, reflecting a reduction in other income and losses as well as administrative expenses [15]. - The group reported a total equity of HKD 76,618,000 as of December 31, 2023, down from HKD 101,122,000 at the beginning of the year, reflecting a decrease of approximately 24.3% [170]. - The group experienced a total comprehensive loss of HKD 14,424,000 for the year ended December 31, 2023, compared to a total comprehensive loss of HKD 25,749,000 in the previous year, indicating an improvement of about 44.9% [170]. Assets and Liabilities - Total assets as of December 31, 2023, were approximately HKD 107.6 million, down from approximately HKD 133.7 million in 2022 [16]. - The current ratio as of December 31, 2023, was approximately 2.2 times, compared to approximately 2.7 times in 2022 [16]. - The group has recognized lease liabilities based on the fair value measurement according to Hong Kong Financial Reporting Standard No. 9, and initial adjustments to fair value are considered additional lease payments [200]. Employment and Compensation - The total number of full-time employees decreased from 137 in 2022 to 124 in 2023, with total compensation for the year ended December 31, 2023, amounting to approximately HKD 18.0 million, down from HKD 20.0 million in 2022 [19]. - The overall employee turnover rate for the group was 74% during the reporting year [130]. - The employee demographics show that 98% of employees are based in China, with 60% male and 40% female [125]. - The average training hours per employee increased to 13 hours in 2023, with middle-level employees receiving an average of 14.57 hours [143]. - The company's compensation policy ensures that employee remuneration, including that of directors and senior management, is based on their responsibilities, workload, time invested, and the group's performance [58]. Corporate Governance - The company has confirmed compliance with the corporate governance code throughout the year ending December 31, 2023, with the exception of deviation from code provision C.2.1 [41]. - The board consists of five members, including two executive directors and three independent non-executive directors [36]. - The audit committee is composed of three independent non-executive directors, with Mr. Huang Wei Liang serving as the chairman [55]. - The company has established an independent assessment mechanism for board independence, ensuring strong independent elements for effective judgment [45]. - All independent non-executive directors have signed appointment letters for a term of three years starting from November 13, 2023 [47]. - The board is responsible for leading and managing the company, overseeing business strategies and performance [49]. - The audit committee reviewed the group's accounting principles and practices, discussing risk management and internal control systems [56]. - The company has committed to enhancing its corporate governance practices to align with business operations and development [41]. - The board's independence assessment report was presented to the board, with satisfactory results [46]. - The Nomination Committee held one meeting during the year ending December 31, 2023, to review the board's structure, size, composition, and diversity policy, concluding that appropriate balance in board diversity has been maintained [60]. - The board composition remained unchanged for the year ending December 31, 2023 [69]. - The board is responsible for risk management and internal control systems, which are used to identify, assess, and manage risks affecting operational efficiency and effectiveness [73]. Environmental Sustainability - The total greenhouse gas emissions for the reporting year were 4,328.7 tons, an increase from 1,899.18 tons in the previous year, with a density of 0.48 tons per square meter [114]. - The company aims to maintain the gas emission density for the next reporting year between 80% to 120% of the current year's density [106]. - The company emphasizes the importance of environmental sustainability and compliance with relevant laws, including the Environmental Protection Law of the People's Republic of China [105]. - The total amount of waste packaging barrels and cans increased to 4.77 tons in 2023 from 0.92 tons in 2022, while waste electrolyte increased to 75.32 tons from 56.44 tons [115]. - The density of hazardous waste decreased to 0.00053 tons/square meter in 2023 from 0.00010 tons/square meter in 2022 for waste packaging, and for waste electrolyte, it increased to 0.00829 tons/square meter from 0.00621 tons/square meter [115]. - Fuel consumption decreased to 41,364.50 kWh in 2023 from 53,499.62 kWh in 2022, with fuel consumption density improving to 4.55 kWh/square meter from 5.89 kWh/square meter [118]. - The group has implemented a solid waste management program, categorizing solid waste into recyclable and non-recyclable types [115]. Market and Business Strategy - The group is focusing on its core markets, including the manufacturing and trading of aluminum electrolytic capacitors and electronic components, including semiconductor devices and passive components [10]. - The group is exploring market expansion opportunities, particularly in regions with high demand for electronic components, to drive future growth [175]. - The company has engaged in market promotion activities by hiring more sales personnel and distributing brochures [95]. Compliance and Risk Management - The group has established policies to ensure compliance with data protection regulations, including the Personal Data (Privacy) Ordinance in Hong Kong and the Cybersecurity Law in China, to safeguard customer and supplier information [147]. - The group has implemented anti-corruption measures, including training for directors and employees, to prevent bribery and fraud, although specific metrics on training effectiveness were not provided [153]. - The group has not reported any significant legal issues related to corruption during the reporting period, indicating effective compliance measures [153]. - The board regularly reviews climate-related risks and opportunities, with no significant operational impact expected from physical and transitional risks [124]. - The group has not experienced any major violations of occupational health and safety regulations during the reporting year [133]. Financial Reporting - The group’s financial statements have been audited without any significant misstatements reported, ensuring transparency and reliability in financial reporting [159]. - The group has applied the revised Hong Kong Financial Reporting Standards for the first time this year, which has not had a significant impact on the financial position and performance [179]. - The consolidated financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and include applicable disclosures as per the GEM Listing Rules and the Hong Kong Companies Ordinance [189]. - The group expects that the application of all newly issued and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future [188]. - The group has clarified that even if amounts are not significant, accounting policy information may still be considered material based on the nature of the related transactions [185]. - The group has adopted significant accounting policies that include the recognition of customer contract revenue and the separation of lease and non-lease components [194]. - The group has established a depreciation policy for right-of-use assets based on the shorter of the estimated useful life and the lease term [197]. Shareholding and Control - The company directly or indirectly holds 65.22% of the issued share capital as of the report date [94]. - The ultimate controlling party of the company is Mr. Wen Haoran, who is also the chairman and CEO [182].