Financial Performance - The company's revenue increased by 12% to HKD 137,164,000 for the year ended December 31, 2023, compared to HKD 122,135,000 in 2022[8] - Gross profit rose by 14% to HKD 9,313,000, up from HKD 8,191,000 in the previous year[8] - The company recorded a loss of HKD 12,766,000 for the year, compared to a loss of HKD 10,538,000 in 2022[8] - Loss attributable to owners of the company was HKD 11,313,000, compared to HKD 9,813,000 in the prior year[14] - Basic loss per share was HKD 0.62, compared to HKD 0.54 in 2022[14] Revenue Breakdown - Metal sales revenue reached HKD 67,433,000, accounting for 49% of total revenue, up from 31% in 2022[16] - The electronic device solutions segment reported revenue of HKD 69,731,000, down from HKD 84,314,000 in 2022, with a segment loss of HKD 2,733,000[19] Strategic Initiatives - The company aims to enhance its technological capabilities and strengthen R&D for high-end appliance microcontrollers to seize opportunities in the smart appliance era[19] - The company plans to enhance its sales capabilities and explore product diversification to navigate the challenging global economic landscape[31] - The company is actively engaging with potential operators for healthcare and medical facilities, indicating a strategic shift towards healthcare development[25] Economic Outlook - The overall economic outlook remains challenging due to high interest rates and geopolitical tensions, but the company is committed to prudent operations and identifying growth opportunities[9] Foreign Exchange and Investments - The company confirmed a significant reduction in foreign exchange losses, primarily due to a milder depreciation of the Renminbi and Australian Dollar against the Hong Kong Dollar[15] - The fair value of the investment in Zhejiang Energy Jinjiang was HKD 36,877,000 as of December 31, 2023, representing 9% of the group's total assets[29] - The investment in Zhejiang Energy Jinjiang generated a fair value gain of HKD 194,000 for the year, contrasting with a fair value loss of HKD 12,165,000 in 2022[29] Property Development - The property development segment in Australia recorded a loss of HKD 1,709,000 for the year ending December 31, 2023, compared to a loss of HKD 1,580,000 in 2022, primarily due to increased operational and administrative expenses[20] - The planning proposal for the land in Canterbury Bankstown has been approved, allowing the company to proceed with development, which is expected to lead to a development permit within 12 to 18 months[24] - The company submitted a planning proposal for a private hospital, which includes increasing the height limit of the land from 12 meters to 45.5 meters, significantly enhancing the potential building area[24] Financial Position - As of December 31, 2023, the group's current assets amounted to HKD 322,589,000, a decrease from HKD 340,255,000 on December 31, 2022[42] - The group's current ratio was maintained at a robust level of 7.8 times as of December 31, 2023, compared to 7.2 times on December 31, 2022[42] - The group's equity attributable to owners was HKD 356,670,000 as of December 31, 2023, down from HKD 367,280,000 on December 31, 2022[42] - The group's debt-to-equity ratio was low at 0.5% as of December 31, 2023, compared to 2.0% on December 31, 2022[43] - The group had no bank borrowings as of December 31, 2023, consistent with the previous year[43] Corporate Governance - The board of directors consists of six members, including three executive directors and three independent non-executive directors[139] - The company has established four board committees to strengthen its governance practices[150] - The independent non-executive directors have confirmed their independence as per the listing rules[127] - The company has adopted a standard code for securities trading by directors, ensuring compliance with regulations[138] Employee Information - The group had approximately 246 employees as of December 31, 2023, an increase from about 214 employees in 2022[53] - Total employee costs, including director remuneration, amounted to HKD 20,753,000 for the review year, a slight decrease from HKD 20,914,000 in 2022[53] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the company's sustainable development activities, challenges, and initiatives for the fiscal year ending December 31, 2023[193] - The company has established policies and data collection systems to enhance ESG performance monitoring and reporting[192] - The board of directors is responsible for the management and sustainable development of the group's environmental, social, and governance (ESG) practices[197] Shareholder Communication - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[180] - The board has reviewed the implementation and effectiveness of the shareholder communication policy, affirming its effectiveness in providing information to shareholders and investors[181] Miscellaneous - The company has changed its English name from "Hailiang International Holdings Limited" to "Shuoao International Holdings Limited" effective from October 20, 2023[77] - The company will not declare a final dividend for the year ending December 31, 2023, consistent with the previous year[83] - There were no significant events affecting the group after the reporting period[57]
海亮国际(02336) - 2023 - 年度财报