Financial Performance - The Group's audited consolidated net loss attributable to shareholders for the year ended 31 December 2023 was approximately HK$14.8 million, a significant improvement from HK$44.1 million in 2022[10]. - Loss per share for the year was approximately HK$0.05, compared to HK$0.16 in 2022[10]. - The Group reported a loss for the year ended December 31, 2023, with no interim or final dividends recommended for the year[88][93]. Investment Portfolio - The Group's investment portfolio as of 31 December 2023 included listed shares in 32 companies valued at HK$112.4 million, representing approximately 66.0% of the Group's consolidated net asset value[18]. - The Group also held an unlisted bond investment in AMCO United Holding Limited valued at HK$18.2 million, accounting for approximately 10.7% of the Group's consolidated net asset value[18]. - The valuation of the Group's stake in AMCO as of 31 December 2023 was approximately HK$18.2 million, with an increase in value of approximately HK$1.1 million during the year[20]. - The Group's investment in unlisted bonds of JunTai Holdings Limited is valued at HK$18,200,000, accounting for about 10.7% of the Group's net assets[21]. - The Group's financial summary for the last five financial years is detailed on page 172, extracted from audited financial statements[100]. Investment Strategy - The Board plans to maintain a diversified investment portfolio across various sectors, including finance, consumer goods, media, construction, and mining[17]. - The Group's focus remains on identifying investment opportunities for medium-term or long-term capital appreciation[12]. - The Group's investment strategy includes maintaining a diversified portfolio across various industries, including finance, consumer products, media, construction, and mining[21]. Market Performance - The Hang Seng Index decreased by 13.8% from 19,781 points on December 31, 2022, to 17,047 points on December 31, 2023[58]. - The peak of the Hang Seng Index in 2023 was 22,688 points in late January, while the lowest point was 16,228 points in mid-December[58]. - The Nasdaq, S&P 500, and Dow Jones indices increased by approximately 43.4%, 24.2%, and 13.7% respectively in 2023[63]. Financial Position - The Group's net current assets as of December 31, 2023, were approximately HK$152.1 million, down from HK$168.0 million in 2022[41]. - Cash and bank balances decreased to approximately HK$2.0 million as of December 31, 2023, compared to HK$7.4 million in 2022[41]. - The consolidated net asset value per share was HK$0.60 as of December 31, 2023, down from HK$0.66 in 2022[41]. - The gearing ratio improved to 0.5% as of December 31, 2023, from 0.8% in 2022[42]. Corporate Governance - The Company complied with all provisions of the Corporate Governance Code for the year, except for code provision C.2.1 regarding the separation of roles between the chairman and chief executive[167]. - The Board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring a diverse and professional composition[175]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all directors confirmed compliance for the year[174]. - The Board of Directors has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific company affairs[187]. Employee Development - The Group encourages employee development through professional examinations, seminars, and training, along with competitive remuneration and annual performance reviews[99]. - The Company provides competitive compensation and annual performance evaluations for employees to reflect their contributions[103]. Environmental and Regulatory Compliance - The Group has initiated environmental protection measures, including paper recycling and auto power-saving modes on office computers[97]. - The Group complies with relevant laws and regulations in Hong Kong and other jurisdictions regarding its investment activities[98]. - The Company has complied with relevant laws and regulations in Hong Kong and other jurisdictions regarding its investments as of December 31, 2023[102]. Future Outlook - The company will adopt a conservative investment approach in 2024 to enhance shareholder value amid global investment risks[68]. - The Federal Reserve is expected to cut interest rates by 25 basis points at each meeting starting in June 2024, bringing the target range to 4.00%-4.25% by the end of 2024[64]. - China's GDP growth is forecasted to slow to 4.6% in 2024 from an estimated 5.4% in 2023, with a potential drop to 3.4% by 2028[67].
港湾数字(00913) - 2023 - 年度财报