Financial Performance - For the fiscal year 2023, the company reported total revenue of approximately HKD 97.2 million, a decrease of 26.1% compared to HKD 131.6 million in fiscal year 2022[17]. - The loss for fiscal year 2023 was approximately HKD 3.7 million, significantly reduced from a loss of HKD 16.5 million in fiscal year 2022, attributed to a shift in sales strategy focusing on higher-margin customer orders[17]. - The book products segment accounted for approximately 92.2% of total revenue in fiscal year 2023, generating about HKD 89.7 million, down 28.3% from HKD 125.0 million in the previous year[18]. - The group's gross profit for the fiscal year 2023 was approximately HKD 21.6 million, an increase of 181.0% compared to HKD 7.7 million in fiscal year 2022[19]. - The gross profit margin improved from 5.8% in fiscal year 2022 to 22.2% in fiscal year 2023[20]. - The annual loss for fiscal year 2023 decreased to approximately HKD 3.7 million from HKD 16.5 million in fiscal year 2022[26]. - The net profit attributable to the company's owners for the year ended December 31, 2023, was a loss of HKD 3,690,000, compared to a loss of HKD 16,500,000 in 2022[76]. - The basic loss per share for 2023 was HKD 0.36, a decrease from HKD 1.64 in 2022, reflecting a reduction in losses[73]. Shareholder Value and Management - The new controlling shareholder, TeraMetal Holdings Limited, was welcomed in May 2023, marking a new management era and opening up prospects for existing and new business opportunities[13]. - The management expressed confidence in exploring new business avenues with the support of the new controlling shareholder to maximize overall shareholder value[14]. - The company is committed to creating long-term value for shareholders in response to their steadfast support and trust[14]. - The company aims to optimize its sales strategy to maintain competitiveness in the printing industry, despite anticipated ongoing intense competition[14]. Operational Efficiency - The company experienced a notable improvement in profit margins in the second half of fiscal year 2023, despite increased administrative expenses due to rising employee costs and taxes in China[17]. - Sales and distribution costs decreased by approximately 23.2% to about HKD 5.8 million in fiscal year 2023 from HKD 7.6 million in fiscal year 2022[24]. - Administrative expenses rose by approximately 14.3% to about HKD 20.6 million in fiscal year 2023, mainly due to increased employee costs and taxes in China[25]. - Employee costs totaled approximately HKD 34.7 million in FY2023, down from HKD 42.4 million in FY2022, with a workforce increase to 364 employees[48]. Environmental Impact - The company reported a significant increase in nitrogen oxides emissions, rising to 43,403.06 grams in 2023 from 12,670.55 grams in 2022, indicating a substantial increase due to post-pandemic recovery[109]. - Sulfur oxides emissions increased to 105.30 grams in 2023 from 78.54 grams in 2022, reflecting a growing environmental impact[109]. - The total greenhouse gas emissions amounted to 4,386.29 tons of CO2 equivalent in 2023, down from 4,771.85 tons in 2022, achieving an 8% reduction in emissions density[111]. - The company aims to keep total greenhouse gas emissions density between 90% to 120% of the 2023 baseline in the next reporting period[111]. - The company has successfully obtained ISO 14001 environmental management system certification, demonstrating its commitment to sustainable practices[108]. - The company has established a hazardous waste management system to prevent environmental pollution and ensure compliance with relevant laws[113]. Community Engagement and Social Responsibility - The group donated a total of HKD 60,000 to the Hong Kong Aberdeen District Community Service Centre, supporting welfare and social services for the elderly, children, and families[163]. - The company has engaged in various community activities and employee volunteer initiatives to enhance its social responsibility[98]. Corporate Governance - The board believes that combining the roles of Chairman and CEO enhances decision-making efficiency despite deviations from governance codes[182]. - The company plans to regularly review the need for separate individuals to hold the roles of Chairman and CEO to maintain good corporate governance[182]. - The board will continue to monitor and update the company's corporate governance practices to ensure compliance with the corporate governance code[183]. - All directors confirmed full compliance with the standard code of conduct for securities trading during the fiscal year 2023[184]. - The board consists of four executive directors and three independent non-executive directors, with all directors confirming their independence as per listing rules[200].
竣球控股(01481) - 2023 - 年度财报