Financial Performance - In 2023, the company's revenue was approximately HKD 178.6 million, a decrease of about 6.1% compared to the previous year[14] - The group's revenue for the reporting period was approximately HKD 178.6 million, a decrease of about 6.1% compared to approximately HKD 190.3 million for the year ended December 31, 2022[20] - The gross profit decreased from approximately HKD 68.5 million for the year ended December 31, 2022, to approximately HKD 62.8 million, a reduction of about 8.4%[24] - The net profit after tax decreased from approximately HKD 7.1 million for the year ended December 31, 2022, to approximately HKD 6.5 million, with net profit margins of approximately 3.6% and 3.8% respectively[31] - The company reported a significant increase in revenue during the reporting period, with a year-on-year growth of 15%[70] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[71] Operational Metrics - The number of jobs decreased from 9,334 in the previous year to 8,822, representing a reduction of 5.5%[14] - The number of completed projects in 2023 and 2022 was 8,822 and 9,334 respectively, representing a decrease of 5.5%[20] - The total employee cost for the reporting period was approximately HKD 71.1 million, up from HKD 69.8 million in 2022[37] - The group employed 130 employees in Hong Kong as of December 31, 2023, down from 142 in 2022[37] Strategic Initiatives - The company aims to diversify its products and services while providing high-quality solutions to meet customer needs[14] - The company is actively seeking opportunities to collaborate with local business partners, particularly in the technology sector, to strengthen existing operations[14] - The company plans to continue integrating acquisitions and expanding its business into 2024[12] - The group plans to strengthen its core competitiveness and explore new business opportunities in response to economic uncertainties[21] Risk Management - The company recognizes the potential adverse impacts of geopolitical risks on its operations and is committed to monitoring and assessing these risks[12] - Financial risks have been identified, with a focus on currency fluctuations and market volatility[71] - The company has established a risk management policy that identifies, assesses, and manages key risks affecting its business[199] - The risk management framework, along with internal control measures, ensures that risks across different business units are within the company's risk tolerance and are effectively monitored[200] Corporate Governance - The company has complied with all provisions of the corporate governance code during the reporting period[163] - The board consists of three executive directors and three independent non-executive directors, ensuring effective governance and oversight[166] - The independent auditor, Guo Wei CPA Limited, will be proposed for reappointment at the upcoming annual general meeting[160] - The company has adopted trading standards for directors buying and selling company securities, ensuring compliance with GEM listing rules[179] Shareholder Information - As of December 31, 2023, the company's distributable reserves for dividends amounted to approximately HKD 53.2 million, down from HKD 59.6 million in 2022[81] - The company reported a final dividend of HKD 0.02 per share for the reporting period, an increase from HKD 0.015 per share in 2022, pending shareholder approval on May 9, 2024[77] - The company has no major contracts with its controlling shareholders or their subsidiaries during the reporting period[139] Sustainability and Social Responsibility - The company emphasized its commitment to sustainability, with plans to reduce carbon emissions by K% over the next five years[56] - The company has been actively participating in sustainable development and social responsibility initiatives, as detailed in its environmental, social, and governance report[75] Acquisitions and Investments - The group acquired a 51% stake in into23 Limited in May 2023, which integrates AI-supported technology and a large domestic translation partner network[20] - The group sold approximately 22.85% of its issued shares in Wordbee S.à r.l. in October 2023, as part of resource integration efforts[20] Employee and Board Diversity - The company is committed to promoting gender diversity within its board and aims for gender equality in senior management within a mid-term timeframe[167] - The board consists of 5 males (83%) and 1 female (17%), maintaining gender diversity as per GEM listing rules[167] Internal Controls and Audit - The audit committee has reviewed the accounting principles and practices adopted by the group and discussed matters related to audit, internal control, and financial reporting[154] - The audit committee met four times during the reporting period to discuss significant financial reporting and compliance issues[185]
HM INTL HLDGS(08416) - 2023 - 年度财报