Financial Performance - Total revenue for the year ended December 31, 2022, was approximately HKD 133.1 million, a decrease of about 17.4% compared to the previous year[2]. - Gross profit for the same period was approximately HKD 20.4 million, an increase of about 6.3% year-on-year[2]. - Loss attributable to owners of the company was approximately HKD 180.9 million, an increase of about 82.7% compared to the previous year[2]. - Basic and diluted loss per share was HKD 0.58[4]. - The group reported a net loss of HKD 180,351,316 for the year ended December 31, 2022[15]. - The total segment loss for the year 2022 was HKD (99,364,916), compared to HKD (71,915,790) in 2021, indicating an increase in losses of about 38.1%[44]. - The net loss attributable to shareholders for 2022 was approximately HKD 180,884,000, up from HKD 99,031,000 in 2021[80]. - The company reported a significant impairment loss on cryptocurrency of HKD 16,971,751 for the year 2022, which was not present in the previous year[44]. - The company reported a significant impairment loss of approximately HKD 27,000,000 related to cryptocurrency mining machines and deposits[80]. Assets and Liabilities - Non-current assets decreased from HKD 162.1 million in 2021 to HKD 137.4 million in 2022[8]. - Current assets decreased from HKD 126.4 million in 2021 to HKD 109.1 million in 2022[8]. - Total liabilities decreased from HKD 292.6 million in 2021 to HKD 180.3 million in 2022[10]. - Net current liabilities improved from HKD 166.2 million in 2021 to HKD 71.3 million in 2022[10]. - Current liabilities and total liabilities as of December 31, 2022, were HKD 71,295,581 and HKD 128,312,118, respectively[15]. - The total assets of the company as of December 31, 2022, were HKD 246,421,876, down from HKD 288,493,608 in 2021, indicating a decrease of approximately 14.6%[44]. - The group's net current liabilities decreased from HKD 166,237,000 in 2021 to HKD 71,296,000 in 2022, mainly due to the reclassification of loans from related parties[109]. - The debt-to-asset ratio increased from 67.4% in 2021 to 108.2% in 2022, due to an increase in loans from related parties[113]. Revenue Segments - Revenue from the eSports segment increased significantly to HKD 26,435,731 in 2022, compared to HKD 14,156,786 in 2021, showing a growth of approximately 86.5%[46]. - 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[81]. - The esports business generated revenue of approximately HKD 57,017,000, representing a growth of about 69.0% compared to HKD 33,736,000 in 2021[85]. - The group's revenue from home products business for the year ended December 31, 2022, was approximately HKD 32,424,000, a decrease of 59.7% compared to HKD 80,464,000 in 2021[92]. - The group's revenue from cloud computing and data storage business for the year ended December 31, 2022, was approximately HKD 12,447,000, a year-on-year decrease of about 44.0% from HKD 22,233,000 in 2021, with a segment loss of approximately HKD 51,626,000 compared to a loss of HKD 10,901,000 in 2021[97]. - The group's revenue from property investment business for the year ended December 31, 2022, was approximately HKD 1,332,000, a slight decrease from approximately HKD 1,401,000 in 2021, with a segment profit of approximately HKD 798,000 compared to HKD 951,000 in 2021[100]. - The group's revenue from lending business for the year ended December 31, 2022, was approximately HKD 798,000, down from HKD 1,870,000 in 2021, with a segment loss of approximately HKD 1,684,000 compared to a loss of HKD 877,000 in 2021[101]. Expenses and Costs - The company incurred total financing costs of HKD 12,202,801 in 2022, up from HKD 10,626,672 in 2021, representing an increase of about 14.9%[49]. - Administrative expenses increased significantly from approximately HKD 67,174,000 in 2021 to about HKD 128,667,000 in 2022, primarily due to increased employee costs and legal fees[107]. - The company reported a significant increase in depreciation and amortization expenses to HKD (45,806,254) in 2022 from HKD (32,442,762) in 2021, reflecting an increase of about 41.3%[44]. - Employee compensation increased to approximately HKD 125,115,000 in the fiscal year 2022, up from about HKD 60,240,000 in 2021, mainly due to stock option expenses[118]. Strategic Focus and Future Plans - The company is focused on expanding its cloud computing and data storage services, as well as exploring opportunities in e-sports and gaming[12]. - The company plans to launch a new game, "PetaRush," in the second half of 2023, which is currently in closed beta testing[83]. - The company is actively developing a large-scale metaverse game, with the first game "MetaSnake" launched in Q1 2022, attracting 30,000 players from over ten countries[81]. - The group plans to invest resources to further explore the blockchain gaming and metaverse markets, establishing a large amusement park called Metasens with various themed planets[119]. - The group aims to expand its esports team in China and will regularly assess resource allocation across business segments to promote diversification and sustainable development[127]. Governance and Reporting - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2022, with no significant impact on the financial statements[18]. - The financial statements are prepared on a going concern basis, supported by financing from related companies and the ultimate holding company[16]. - The audit committee has been established and consists of three independent non-executive directors[129]. - The audit committee reviewed the audited financial statements for the year ended December 31, 2022[130]. - The board does not recommend the payment of a final dividend for the year ended December 31, 2022[133]. - The annual report will be published on the company's website and the Hong Kong Stock Exchange website[134].
帝国科技集团(00776) - 2022 - 年度业绩