Financial Performance - Revenue for 2023 increased by 86.30% to HK$35,207,000 compared to HK$18,898,000 in 2022[9] - Loss for the year was HK$22,829,000, representing a 59.55% increase from a loss of HK$14,308,000 in 2022[19] - Basic loss per share for 2023 was HK$1.99, up 59.20% from HK$1.25 in 2022[19] - The Group recorded a turnover of approximately HK$35.21 million for the year ended 31 December 2023, representing an increase of approximately 86.30% compared to HK$18.90 million in the previous year[23] - Net loss attributable to Shareholders was approximately HK$22.83 million for the reporting year, compared to a net loss of approximately HK$14.31 million in 2022[23] - Loss per share was approximately 1.99 HK cents for the year ended 31 December 2023, an increase from approximately 1.25 HK cents in 2022[24] Asset and Liability Management - Total assets decreased to HK$390,200,000 in 2023 from HK$414,437,000 in 2022[11] - Total liabilities slightly decreased to HK$11,281,000 in 2023 from HK$11,913,000 in 2022[11] - Net assets decreased to HK$378,919,000 in 2023 from HK$402,524,000 in 2022[11] - Current ratio for 2023 was 3.68, down from 3.82 in 2022[19] - Gearing ratio remained stable at 3% for both 2023 and 2022[19] - The gearing ratio of the Group was 2.98% as at 31 December 2023, compared to 2.67% in 2022, indicating a stable financial position[41] Hotel Operations - Average daily room rate increased by 11.48% to HK$340 from HK$305 in 2022[19] - Hotel occupancy rate improved significantly to 67% from 26% in the previous year, a 157.69% increase[19] - For the year ended 31 December 2023, hotel operation turnover was approximately HK$31.32 million, an increase of approximately 118% from HK$14.39 million in 2022[46] - The average occupancy rate increased to approximately 67% in 2023 from 26% in 2022, representing an increase of 158%[47] - Accommodation revenue was approximately HK$16.69 million, reflecting a 169% increase compared to the previous year[50] - Catering revenue reached approximately HK$12.63 million, marking a 102% increase over the corresponding year[53] Investment and Future Plans - The Group is actively studying revitalization plans for stock assets, including Hong Kong properties, to improve asset management efficiency[32] - The Group aims to strengthen its core competitiveness by integrating various business clusters, including hotel resources and cultural tourism[32] - Future market prospects are cautiously optimistic, with expectations of gradual recovery in consumer confidence and opportunities in the green environmental industry and cultural tourism[26] - The Group aims to enhance marketing efforts and explore new markets to improve brand influence and operational performance[70] - The Group plans to maintain a balanced debt profile and enhance cost-efficiency in funding initiatives[78] - The Group will continue to seek long-term investments with healthy profitability and growth potential[72] Leadership and Governance - The company has a strong leadership team with diverse backgrounds in finance, management, and international trade, enhancing its operational capabilities[133] - The board includes members with extensive experience in state-owned enterprises and mixed-ownership enterprises, providing valuable insights into regulatory compliance and operational models[136] - The company is focused on strategic management and capital operations, leveraging the expertise of its directors to drive growth[140] - The leadership team is committed to maintaining high standards of governance and financial oversight, ensuring the company's long-term sustainability[140] Customer and Supplier Relationships - The Group's five largest customers accounted for approximately 44.45% of total sales for the year, with the largest customer contributing about 15.87%[174] - Purchases from the Group's five largest suppliers represented approximately 61.40% of total purchases, with the largest supplier accounting for about 15.21%[175] - No directors or their associates had any beneficial interest in the Group's five largest customers or suppliers[176] Environmental and Compliance - The Group is committed to environmental sustainability, implementing policies aligned with international best practices[198] - No environmental claims or penalties were reported during the reporting period, indicating compliance with relevant laws[200]
闽港控股(00181) - 2023 - 年度财报