Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenue of HKD 634.3 million, an increase of 113.0% compared to HKD 297.8 million for the fiscal year ending December 31, 2022[22]. - The adjusted EBITDA for the fiscal year ending December 31, 2023, was HKD 133.6 million, a significant recovery from a loss of HKD 109 million in the previous year[22]. - The total revenue for the year ended December 31, 2023, was HKD 634.3 million, a significant increase from HKD 297.8 million in 2022, representing a growth of 113.1%[31]. - The company reported a profit of HKD 60.9 million for the year ended December 31, 2023, compared to a loss of HKD 166.3 million in 2022[31]. - The adjusted EBITDA for the Macau casino segment was HKD 162.8 million for the year ended December 31, 2023, compared to a loss of HKD 38 million in 2022, indicating a turnaround in performance[33]. - The total comprehensive income for the year was HKD 63.524 million, a significant recovery from a loss of HKD 161.908 million in the previous year[111]. - The company reported a pre-tax profit of HKD 62,240,000 for the year ending December 31, 2023, compared to a loss of HKD 170,962,000 in 2022[191]. - The company recorded a loss of HKD 154,565 thousand for the year, compared to a loss of HKD 166,330 thousand in the previous year, indicating an improvement of approximately 7.1%[189]. Revenue Sources - Revenue from the management services provided to the Casino Kam Pek Paradise increased by 111.6%, rising from HKD 266.9 million in 2022 to HKD 564.8 million in 2023[22]. - The sales of electronic gaming equipment and systems contributed approximately HKD 56.8 million in revenue, a substantial increase of 667.6% from HKD 7.4 million in the previous year[24]. - The revenue from the Macau-managed casino, 金碧滙彩娛樂場, was HKD 564.8 million, up from HKD 266.9 million in the previous year, marking a 111.5% increase[31]. - The total gaming revenue for the managed casino, 金碧滙彩娛樂場, was HKD 1,033,600,000 for the year ended December 31, 2023, representing an increase of 110.6% from HKD 490,900,000 for the year ended December 31, 2022[60]. - Traditional gaming table revenue increased to HKD 452.7 million from HKD 207.5 million, representing a growth of 118%[66]. - Live mixed gaming machine table revenue rose to HKD 530.9 million from HKD 255.9 million, marking a 107% increase[66]. - Total gaming revenue reached HKD 1,033.6 million, up from HKD 490.9 million, reflecting a growth of 110%[66]. Market Expansion and Strategy - The company is actively seeking to expand its gaming machine and product offerings in the Macau gaming market as well as in rapidly growing Southeast Asian and North American markets[24]. - The company has initiated a new business line providing innovative and renewable energy solutions starting in 2023, aiming to diversify its business portfolio[20]. - The company aims to leverage technology to reduce operational costs and enhance gaming efficiency and productivity[8]. - The company has positioned itself as a supplier focused on mid-market customers, providing management services to satellite casinos in Macau[8]. - The company is exploring partnerships for investments to further diversify its business operations[20]. - The company continues to invest in the development of electronic gaming equipment and systems, aiming to enhance gaming efficiency and optimize operations[41]. - The company plans to continue investing in high-tech and R&D in the electric vehicle charging sector to become a comprehensive solution provider[46]. Operational Metrics - The average number of gaming tables managed at the casino decreased to 30 in 2023 from 47 in 2022, with all tables operational as of December 31, 2023[36]. - The average number of gaming tables decreased to 34 from 39, while the net win per table per day increased to HKD 79.3 thousand from HKD 32.6 thousand[66]. - The average net win per gaming machine per day increased to HKD 1,691 from HKD 1,422, indicating a growth of 18.9%[66]. - The average net win per gaming table per day increased to HKD 145.5 thousand from HKD 87.6 thousand, showing a growth of 66%[66]. - The average number of slot machines remained stable at 96, with slot machine revenue increasing to HKD 50.0 million from HKD 27.5 million[66]. Environmental and Social Responsibility - Scope 1 emissions increased by 34.5% due to higher gasoline and diesel consumption, attributed to an increase in visitors to the gaming venue[85]. - Total emissions decreased by 2.4% compared to the previous year, with a target to maintain or reduce greenhouse gas emissions to pre-pandemic levels[85]. - The company aims to reduce non-hazardous waste levels to pre-pandemic levels by the end of 2024[88]. - Water consumption at the casino increased by 82.9% compared to 2022, primarily due to an increase in visitors following the lifting of travel restrictions in February 2023[90]. - The company has implemented measures to reduce water consumption, including the establishment of a water bar to minimize bottled water usage[91]. - The company is prioritizing climate-related risks using a quantitative scoring method to assess their impact and adaptability[96]. - The company has developed emergency plans to address disruptions caused by extreme weather events, ensuring operational continuity[126]. Workforce and Employment - The number of employees in Macau decreased from 142 in 2022 to 103 in 2023, indicating a reduction in workforce[100]. - Total number of employees decreased from 142 in 2022 to 103 in 2023, representing a reduction of approximately 27.5%[128]. - Male employees decreased from 46 in 2022 to 34 in 2023, a decline of 26.1%[128]. - Female employees decreased from 96 in 2022 to 69 in 2023, a decline of 28.1%[128]. - Employees aged 30 and below decreased from 23 in 2022 to 12 in 2023, a decline of 47.8%[128]. - Employees aged 30 to 50 decreased from 72 in 2022 to 58 in 2023, a decline of 19.4%[128]. - Employees aged 50 and above decreased from 47 in 2022 to 33 in 2023, a decline of 29.8%[128]. - The company has implemented various social activities to promote harmony among employees across departments[131]. - The company is committed to maintaining a balance between work and life for employees through fair working hours and leave policies[131]. Compliance and Governance - The group has not identified any serious violations of anti-bribery and anti-money laundering regulations in Hong Kong and Macau for the year ended December 31, 2023[160]. - The group has not been aware of any serious violations of data privacy laws in Hong Kong and Macau for the year ended December 31, 2023[171]. - The company has not reported any serious violations of air pollution or water pollution regulations in Hong Kong or Macau for the year ending December 31, 2023[94]. - The group has implemented a complaint handling mechanism at the Golden Sands Casino to ensure timely and effective resolution of customer complaints[168]. - The group is committed to providing a safe, clean, and comfortable environment for casino customers, with monthly departmental meetings aimed at improving service quality[170]. Assets and Liabilities - Non-current assets decreased from HKD 352,070 thousand in 2022 to HKD 344,660 thousand in 2023, a decline of approximately 2.3%[184]. - Current assets increased significantly from HKD 95,198 thousand in 2022 to HKD 177,732 thousand in 2023, representing an increase of approximately 86.7%[184]. - Total equity rose from HKD 157,690 thousand in 2022 to HKD 218,514 thousand in 2023, marking an increase of approximately 38.5%[186]. - Trade and other receivables increased from HKD 33,613 thousand in 2022 to HKD 82,064 thousand in 2023, a growth of approximately 143.5%[184]. - The company's cash and bank balances increased from HKD 20,179 thousand in 2022 to HKD 59,627 thousand in 2023, an increase of approximately 195.5%[184]. - Current liabilities remained relatively stable, decreasing slightly from HKD 149,631 thousand in 2022 to HKD 149,321 thousand in 2023[184]. - The company's reserves increased from HKD 128,262 thousand in 2022 to HKD 196,633 thousand in 2023, an increase of approximately 53.3%[186].
汇彩控股(01180) - 2023 - 年度财报