Financial Performance - The company's revenue for the year ended December 31, 2022, was approximately HKD 133,101,000, a decrease of about 17.4% compared to the previous year[10] - Gross profit for the year was approximately HKD 20,416,000, an increase of about 6.3% year-on-year[10] - Loss attributable to the owners of the company was approximately HKD 180,884,000, an increase of about 82.7% compared to the previous year[10] - Basic and diluted loss per share was HKD 0.58[10] - The company reported a significant increase in operating loss to HKD 168,402,264 from HKD 89,556,309 in the previous year[12] - The total revenue from external customers across various segments amounted to HKD 133,101,149, with the online gaming segment generating HKD 29,082,576 and the eSports segment generating HKD 12,447,034[30] - The total loss from reportable segments was HKD 99,364,916, compared to a loss of HKD 71,915,790 in the previous year, indicating a deterioration in financial performance[34] - The group reported a net loss of HKD 180,351,316 for the year ended December 31, 2022, compared to a net loss of HKD 100,382,696 in 2021, representing an increase in losses of 79.5%[61] - The company reported a net loss of HKD 33,998,453 for 2022, compared to a loss of HKD 26,976,583 in 2021, indicating an increase in losses of about 25.0%[97] Assets and Liabilities - Non-current assets decreased to HKD 137,368,114 from HKD 162,141,941 year-on-year[14] - Current assets decreased to HKD 109,053,762 from HKD 126,351,667 year-on-year[14] - The group’s total assets as of December 31, 2022, were valued at HKD 225,429,675, with significant contributions from various business segments[30] - The group’s total liabilities decreased significantly, with net liabilities reported at HKD (128,312,118) in 2022 compared to HKD (12,440,978) in 2021[38] - The group’s cash and bank balances were approximately HKD 42,764,000 as of December 31, 2022, compared to HKD 43,026,000 in 2021, with net current liabilities reduced to HKD 71,296,000 from HKD 166,237,000 in the previous year[152] - As of December 31, 2022, the group's current liabilities were approximately HKD 180,349,000, a decrease from HKD 292,589,000 in 2021, primarily due to the reclassification of loans from related parties to non-current liabilities[153] - The group's asset-liability ratio increased from 67.4% in 2021 to 108.2% in 2022, attributed to an increase in loans from related parties[157] Business Segments - The company operates in sectors including cloud computing, data storage, e-sports, game publishing, home product manufacturing, lending, and property investment[17] - The company operates in six main business segments, including cloud computing, home products, and online gaming[57] - Revenue from the online gaming business increased by approximately 35.8% to HKD 29,083,000, with a segment loss of HKD 48,148,000, compared to a loss of HKD 49,001,000 in 2021[107] - The esports business generated revenue of approximately HKD 57,017,000, a 69.0% increase from HKD 33,736,000 in 2021, with a segment profit of HKD 1,604,000 compared to a loss of HKD 13,474,000 in the previous year[110] - Revenue from the home products business decreased by 59.7% to approximately HKD 32,424,000 in 2022, down from HKD 80,464,000 in 2021, primarily due to reduced market demand caused by ongoing US-China conflicts and the COVID-19 pandemic[145] - Revenue from cloud computing and data storage business decreased by approximately 44.0% to HKD 12,447,000 in 2022, with a segment loss of HKD 51,626,000, mainly due to impairment losses on mining machines and decreased cryptocurrency market values[165] Impairment and Write-downs - The group recognized impairment losses on cryptocurrency amounting to HKD 16,971,751, reflecting challenges in the digital asset market[30] - The impairment loss on intangible assets was HKD 2,493,681 in 2022, while there was no such loss reported in 2021[71] - The group recorded a significant increase in cryptocurrency write-downs, amounting to HKD 16,971,751 in 2022, compared to HKD 7,004,817 in 2021, reflecting a rise of approximately 142.5%[71] - The group recorded an impairment loss of approximately HKD 20,389,000 related to its Filecoin and Chia mining machines due to recent market price declines[116] Expenses and Income - Administrative expenses increased from approximately HKD 67,174,000 in 2021 to HKD 128,667,000 in 2022, primarily due to increased employee costs and legal and professional fees[122] - The group incurred interest expenses of HKD 2,663,598, which reflects the financial burden associated with its liabilities[30] - The company reported a significant increase in interest income from other loans, rising to HKD 10,949,343 in 2022 from HKD 9,756,123 in 2021, an increase of 12.2%[65] - Other income increased from approximately HKD 692,000 in 2021 to about HKD 5,769,000 in 2022, mainly due to increased government subsidies, bank interest income, and revenue from the sale of esports players[150] Future Plans and Initiatives - The group plans to launch a new game, "PetaRush," in the second half of 2023, which will incorporate elements of collection, nurturing, and breeding, in collaboration with a popular Asian music brand[109] - The group plans to continue diversifying its business, particularly in game publishing and esports sectors, as part of its Metasens initiative[121] - The group plans to invest resources to further explore the blockchain gaming and metaverse markets, developing a large amusement park called Metasens with various themed planets and game facilities[161] - The group will actively seek partnerships for IP licensing in gaming, including collaborations with popular Asian music artists[183] Government Support - The company confirmed government subsidies related to the COVID-19 pandemic amounting to HKD 512,000 for the year, compared to HKD 31,810 in 2021[64] - The company received government grants totaling HKD 680,119 in 2022, compared to HKD 100,518 in 2021, marking a significant increase of about 576.5%[84] Shareholder Information - The board of directors does not recommend the payment of a final dividend for the year ended December 31, 2022 (2021: none) [192] - The audit committee has reviewed the audited financial statements for the year ended December 31, 2022, in collaboration with the external auditor [189] - The annual report will include all information required by the listing rules and will be timely sent to shareholders [193]
帝国科技集团(00776) - 2022 - 年度业绩