Financial Performance - The company reported a loss attributable to equity holders of approximately HKD 28.3 million for the year ended December 31, 2023, compared to a loss of HKD 24.1 million in 2022, representing an increase of about 9.2%[8]. - The loss per share for 2023 was HKD 0.0104, up from HKD 0.0088 in 2022, indicating a worsening financial performance[8]. - The company recorded an unrealized fair value loss of approximately HKD 16.74 million on listed securities, compared to HKD 9.71 million in 2022, reflecting increased market volatility[8]. - Revenue for the year ended December 31, 2023, was HKD 2,191,881,000, an increase of 19.6% compared to HKD 1,833,791,000 in 2022[95]. - The pre-tax loss for 2023 was HKD (28,381,550,000), worsening from a loss of HKD (24,513,492,000) in 2022[95]. - Total assets decreased to HKD 75,058,197,000 in 2023 from HKD 103,520,967,000 in 2022, representing a decline of 27.5%[95]. - The company's net asset value as of December 31, 2023, was HKD 74,191,021,000, down from HKD 102,516,400,000 in 2022, a decrease of 27.6%[95]. - The total reserves available for distribution as of December 31, 2023, were approximately HKD 58,269,000, down from HKD 75,092,000 in 2022[96]. Investment Strategy - The company plans to continue exploring investment opportunities across different industries and regions to identify undervalued investments that can generate sustainable income streams[14]. - The company has maintained its investment policy since 2014, focusing on short to medium-term capital appreciation through investments in listed and unlisted companies in Hong Kong and China[99]. - The company will not own or control more than 30% of voting rights in any company, nor make investments exceeding 20% of its net asset value[101]. - The company is focused on enhancing its asset management capabilities and exploring new investment opportunities[59]. - The company aims to achieve capital appreciation through a diversified investment portfolio in listed and unlisted companies, focusing on sustainable development and innovative technology projects[139]. Risk Management - The company aims to manage risks through business diversification and due diligence in its investment strategies moving forward[12]. - The company will adopt a cautious approach to new investments and portfolio management in 2024, focusing on innovative strategies to navigate the challenging economic landscape[12]. - The board is actively monitoring economic and political conditions to identify emerging risks and mitigate uncertainties[79]. Shareholder Information - The board has resolved not to recommend any final dividend for the year ended December 31, 2023[36]. - The company did not declare any final dividends for the year ending December 31, 2023, and there were no interim dividends declared during the year[91]. - The company's authorized share capital as of December 31, 2023, was HKD 40,000,000, divided into 4,000,000,000 shares at HKD 0.01 each[92]. - Major shareholder Beibo Global Asset Management Limited holds 504,410,000 shares, accounting for 18.44% of the total issued shares[114]. - Vibrant Noble Limited owns 379,900,000 shares, which is approximately 13.89% of the total issued shares[114]. - Mass Trade Global Limited has a stake of 265,537,200 shares, representing 9.70% of the total issued shares[114]. Corporate Governance - The board of directors confirmed compliance with the regulatory requirements set by the Hong Kong Listing Rules and other relevant laws and regulations in Hong Kong and the Cayman Islands[82]. - The company has established an audit committee in accordance with the guidelines issued by the Hong Kong Institute of Certified Public Accountants, responsible for reviewing and supervising the financial reporting process and internal control systems[127]. - The company has adopted a standard code of conduct for securities trading, with all directors confirming compliance during the reporting period[128]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange listing rules, with a noted exception of one executive director's absence from the annual general meeting[129]. - The governance structure includes a board overseeing ESG matters and a dedicated ESG working group to assist in strategy and stakeholder engagement[148]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the performance and initiatives of the company for the fiscal year ending December 31, 2023[141]. - The ESG report is prepared in accordance with the guidelines set out in the Main Board Listing Rules Appendix C2, ensuring transparency and accountability[144]. - The company established an Environmental, Social, and Governance (ESG) working group to implement and promote relevant policies and measures[150]. - The ESG working group is responsible for monitoring ESG performance and ensuring effective implementation of related policies[150]. - The company emphasizes the importance of ESG analysis in its investment process to minimize negative environmental and social impacts[165]. Employee Welfare and Development - 100% of employees received training in 2023, with an average training duration of 14 hours per employee, up from 13 hours in 2022[179]. - The company emphasizes a standardized management of work hours, holidays, and rest periods, providing paid leave including annual leave, sick leave, maternity leave, and marriage leave[167]. - All employees are entitled to health insurance and other competitive benefits, ensuring a safe and healthy work environment[171]. - The company prioritizes internal promotions over external recruitment to foster employee growth and development[177]. - The company complied with all relevant employment laws and regulations in Hong Kong, including the Mandatory Provident Fund Schemes Ordinance and the Minimum Wage Ordinance[183]. Sustainability and Environmental Impact - The company generated approximately 5.25 tons of carbon equivalent emissions in the reporting year, a decrease from 6.83 tons in 2022, representing a reduction of about 23%[197]. - Energy indirect emissions from electricity accounted for 4.89 tons of the total emissions, down from 6.39 tons in the previous year, indicating a reduction of approximately 23.5%[198]. - The per capita carbon emissions for employees decreased to 1.05 tons in 2023 from 1.37 tons in 2022, reflecting a reduction of about 23.4%[198]. - The average carbon emissions per kilowatt-hour of electricity consumed was 0.71 kg of CO2 equivalent[199]. - The company does not produce any nitrogen oxides, sulfur oxides, or particulate matter due to the nature of its business operations[196].
鼎立资本(00356) - 2023 - 年度财报