Financial Performance - The Group's core business revenue reached HK$ 2,360.4 million, representing a 6.5% increase compared to last year (HK$ 2,215.5 million) [26] - The Group's gross profit was HK$ 246.0 million, with an adjusted EBITDA of HK$ 111.9 million for the core business [26] - The profit for the year was HK$ 131.3 million, an increase of 29.3% from HK$ 101.6 million last year, primarily due to gains from interest in an associate for non-recurring items [34] - Revenue increased by 6.5% to HK$2,360.4 million compared to HK$2,215.5 million in 2022 [35] - Adjusted EBITDA decreased by 12.6% to HK$111.9 million from HK$128.1 million in 2022 [35] - Adjusted Net Profit fell by 4.5% to HK$79.9 million compared to HK$83.7 million in 2022 [35] - Orders for Unified Technology Services rose by 7.6% to HK$1,244.4 million from HK$1,156.5 million in 2022 [35] - Non-GAAP Net Income increased by 31.5% to HK$195.9 million [52] - For the year ended December 31, 2023, total revenue was HK$2,360.4 million, a 6.5% increase from the previous year, with product sales up 8.2% to HK$1,179.7 million and service revenue up 5.0% to HK$1,180.7 million [117] - Gross profit for the year was HK$246.0 million, a decrease of HK$11.6 million or 4.5% compared to last year, primarily due to increased staff costs in project delivery [117] - New orders secured amounted to approximately HK$2,496.4 million, with an order book balance of approximately HK$1,508.6 million as of December 31, 2023 [117] - Adjusted EBITDA for the year was HK$111.9 million, a decrease of 12.6% compared to the previous year, reflecting the core business operational performance [129] - Commercial and public sector sales contributed 42.4% and 57.6% to total revenue respectively, compared to 37.8% and 62.2% last year [117] - The Group's bank balances and cash totaled approximately HK$539.6 million, with a working capital ratio of 1.92:1, indicating a healthy financial position [117] - The Group maintained outstanding borrowings of HK$11.3 million as of December 31, 2023, reflecting prudent financial management [117] Strategic Developments - The Group established its headquarters in the Greater Bay Area in August 2023 and expanded its technical team to enhance offshore delivery capabilities [3] - A new Managed Services Portal was launched to enhance customer experience by connecting with ASL services [5] - The Group's new brand identity and business strategy were announced, emphasizing a commitment to innovation and excellence [13] - The Group is focused on integrating resources across different regions to support clients' business strategies and development [20] - The introduction of a new CI system and business strategy aims to enhance the Group's service capabilities [9] - The Group's DevSecOps model is applied to deliver ongoing digital value and achieve unified goals across various industry sectors [19] - The Group aims to become a leading Unified Technology Services partner in the region, focusing on industry-driven, high-value professional IT services [63] - The Group successfully penetrated the Government sector market, participating in the implementation of the "iAM Smart" platform [42] - The Group opened a third Security Operation Center (SOC) in the Greater Bay Area, continuing to support the Hong Kong SAR government's "Digital Bay Area" initiative [88] - The Group's consulting and professional services for the Security Operation Center (SOC2) in Macau gained popularity among customers [100] - The Group's platform-driven services gained wider recognition, particularly with a significant increase in orders for the Unified Operation Center (UOC), a hybrid cloud platform [147] - The Group integrated delivery resources and technical capabilities to better serve clients in various sectors, aiming for strategic breakthroughs [144] Corporate Governance and Compliance - The Group emphasizes compliance with various laws and regulations, ensuring no breaches were reported during the year [84] - The Group's anti-corruption framework was strengthened through seminars and collaboration with the Hong Kong Independent Commission Against Corruption [90] - The Group's compliance measures include a Code of Conduct and various policies to prevent corruption and ensure ethical operations [110] - The Group has implemented an IT Security Policy to manage risks associated with information security in IT services [99] - The Group has developed and implemented various environmental, social, and governance (ESG) policies to optimize internal management systems and ensure stakeholder protection [101] - The Group is committed to continuous evaluation of its ESG performance and plans to set specific ESG goals in the near future [101] - The Group aims to strengthen stakeholder engagement and expand communication channels to better understand sustainability risks [106] Human Resources and Talent Development - The Group expanded its client base by 33 companies and broadened delivery locations in Poland, India, and Mexico [52] - The Group employed 1,495 permanent and contract staff as of December 31, 2023, compared to 1,474 in 2022 [179] - The Group celebrated its 50th anniversary with a series of internal and external events, marking significant development across various business areas [88] - The Group's subsidiaries, Automated Systems (H.K.) Limited and ELM Computer Technologies Limited, have received recognition for quality achievements in recent years [78] - The management team includes experienced professionals with backgrounds in finance, investment, and corporate governance, ensuring strategic decision-making [198] Future Outlook - The Group plans to focus on four areas for future development, including the application of innovative technologies and sector-focused IT services [156] - Future outlook includes a commitment to innovation and market expansion, aligning with industry trends [196] - The company is actively pursuing new strategies to enhance operational efficiency and financial performance [200] - The Group aims to create value across five capitals essential to its business, focusing on sustainability and stakeholder benefits [94]
自动系统(00771) - 2023 - 年度财报