Financial Performance - The group's revenue for the year was approximately HKD 562,000,000[39] - The group reported a loss of approximately HKD 136,600,000 for the year[39] - The loss attributable to the company's owners was approximately HKD 126,600,000[39] - The group's gross profit for the year ended December 31, 2023, was HKD 73,608,000, compared to HKD 79,692,000 in 2022[84] - The group reported a loss before tax of HKD 140,759,000 for the year ended December 31, 2023, compared to a loss of HKD 67,841,000 in 2022[84] - The total comprehensive loss for the year ended December 31, 2023, was HKD 124,721,000, compared to HKD 82,242,000 in 2022[84] - The basic loss per share for the year was approximately HKD 0.1475[39] - The company reported a net loss attributable to shareholders of HKD 126,566,000 for the year[134] Revenue Breakdown - 永辰 contributed revenue of approximately HKD 524,200,000 for the year ended December 31, 2022, but also contributed a loss of about HKD 200,000 to the overall group loss[2] - Revenue from media entertainment platform-related products was approximately HKD 97,454,000, an increase from approximately HKD 92,890,000 in 2022, representing a growth of about 4.91%[45] - Revenue from other multimedia products decreased by approximately 24.74%, amounting to HKD 100,332,000 compared to HKD 133,311,000 in 2022[71] - Revenue from satellite television equipment and antenna products was approximately HKD 364,249,000, a decrease of about 29.92% from HKD 519,753,000 in 2022[50] - The group's Asian revenue for the year ended December 31, 2023, was approximately HKD 94,271,000, a decrease of 45.29% from HKD 172,297,000 in 2022[54] - The group's North American revenue decreased by approximately 22.57%, amounting to HKD 346,801,000 compared to HKD 447,901,000 in 2022[56] - Revenue from South America accounted for approximately 5.37% of the group's total revenue for the year ended December 31, 2023, down from 6.28% in 2022[80] - Revenue from Europe accounted for approximately 14.41% of the group's total revenue for the year ended December 31, 2023, up from 8.85% in 2022[96] - Revenue from North America accounted for approximately 61.70% of the group's total revenue for the year ended December 31, 2023, compared to 60.04% in 2022[97] Assets and Liabilities - The group has a net liability of HKD 36,963,000 as of December 31, 2023, indicating significant uncertainty regarding its ability to continue as a going concern[20] - Non-current liabilities increased to HKD 394,536,000 in 2023 from HKD 162,320,000 in 2022[87] - Non-current assets totalled HKD 345,657,000 in 2023, a decrease of 2.7% from HKD 354,135,000 in 2022[105] - Current assets amounted to HKD 501,099,000 in 2023, down 2.3% from HKD 512,730,000 in 2022[105] - Current liabilities decreased significantly to HKD 489,183,000 in 2023, a reduction of 29.3% from HKD 691,694,000 in 2022[105] - The net current assets improved to HKD 11,916,000 in 2023, compared to a negative net of HKD 178,964,000 in 2022[105] Corporate Governance and Compliance - The company has complied with the corporate governance code and confirmed that all directors adhered to the necessary standards for securities trading during the year ended December 31, 2023[14] - The independent auditor's report for the group's consolidated financial statements for the year ended December 31, 2023, has been reviewed by the audit committee[16] - The delay in publishing the 2023 annual results was primarily due to the auditors not receiving all necessary information from significant components, including Dish Media and 永辰[9] - The auditors required additional time to complete the audit of the group's consolidated financial statements due to the delays in receiving information[5] Future Outlook and Strategies - The group is focusing on identifying promising business opportunities in emerging markets to expand revenue sources amid economic challenges[41] - The group is developing new 5G-related products, including next-generation radio frequency channels and antenna products, to capitalize on market opportunities[42] - The group is seeking to mitigate the impact of the US-China trade war by sourcing from suppliers outside of China, particularly in Southeast Asia[60] - The company has launched new 5G peripherals and IoT-related products to enhance revenue and cash flow[113] Shareholder Information - The company will temporarily suspend the transfer of shares for the annual general meeting scheduled for June 7, 2024[6] - The company plans to issue 738,242,235 rights shares at a subscription price of HKD 0.12 per share, aiming to raise approximately HKD 88,600,000 before expenses[82] - The annual report for the year ending December 31, 2023, will be timely sent to shareholders and published on the company's website and the Hong Kong Stock Exchange website[198] - The company has resumed trading as of the announcement date[199] Employee and Operational Costs - Total employee benefits expenses amounted to HKD 84,783,000, an increase from HKD 80,168,000 in the previous year[134] - The company incurred research and development costs of HKD 26,059,000 during the year[141] - The company has outstanding bank and other borrowings of HKD 79,728,000 due within the next twelve months[134] - The company has taken measures to control costs and expenses, which are expected to contribute positively to its financial performance[113]
圣马丁国际(00482) - 2023 - 年度业绩