Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately HK$72,557,000, a decrease of about 45.5% compared to the previous year[2] - The gross profit for the year was approximately HK$10,641,000, reflecting a decrease of about 47.9% year-on-year[2] - The loss attributable to owners of the company was approximately HK$127,733,000, a reduction of about 29.4% compared to the previous year[2] - The basic and diluted loss per share for the year was HK$0.41[7] - Total assets as of December 31, 2023, were HK$100,929,000, while total liabilities were HK$353,744,000[7] - The equity attributable to owners of the company was reported as a loss of HK$252,577,000[7] - The Group's total revenue decreased by approximately 45.5% to approximately HK$72,557,000 in 2023, down from HK$133,101,000 in 2022, primarily due to decreased sales in the household and esports segments[52] - Loss attributable to shareholders for the year was approximately HK$127,733,000, compared to HK$180,884,000 in 2022[52] - Revenue from the Group's game publishing business was approximately HK$20,796,000 in 2023, down from HK$29,083,000 in 2022, with a segment loss of approximately HK$71,649,000[33] - Revenue from the esports business was approximately HK$24,860,000, representing a decrease of approximately 56.4% from HK$57,017,000 in 2022, with a segment loss of approximately HK$13,352,000[55] - Revenue from cloud computing and data storage business decreased by approximately 57.5% to HK$5,292,000 in 2023 from HK$12,447,000 in 2022, with a segment loss of approximately HK$20,439,000 compared to a loss of HK$51,626,000 in 2022[61] - The Group's revenue from property investment business increased to approximately HK$1,642,000 in 2023 from HK$1,332,000 in 2022, but the segment loss was approximately HK$95,000 compared to a profit of HK$798,000 in 2022[65] - Revenue from the money lending business increased to approximately HK$1,673,000 in 2023 from HK$798,000 in 2022, with a segment loss of approximately HK$2,903,000 compared to a loss of HK$1,684,000 in 2022[66] - The Group incurred an impairment loss of approximately HK$4.6 million in 2023, up from HK$2.5 million in 2022, due to limited repayments from borrowers[71] - The gross profit margin decreased from 15.3% in 2022 to 14.7% in 2023, attributed to declines in the esports and cloud computing sectors[74] - Other income decreased from approximately HK$5,874,000 in 2022 to approximately HK$1,405,000 in 2023, mainly due to the decrease in government grants and bank interest income[106] Trading and Market Activity - The company has announced a suspension of trading on the Hong Kong Stock Exchange pending the release of its annual results and report[13] - The company plans to resume trading on May 2, 2024, following the publication of its annual results[13] - The Group has established new esports teams to participate in various games, aiming to diversify revenue sources and improve performance in the esports sector[92] Future Plans and Developments - The Group plans to launch its first casual game by the end of 2023 or the first quarter of 2024, targeting markets in Taiwan, Hong Kong, Macau, Southeast Asia, and South America[54] - The Group continues to explore opportunities in the blockchain games sector, which has shown strong development momentum[51] - The Group plans to invest resources to explore blockchain gaming and develop a large-scale amusement park called Metasens, incorporating Web3.0 technology and blockchain[72] - The Group's new casual game development initiative is expected to launch by the end of this year or early next year, targeting markets in Taiwan, Hong Kong, Macau, Southeast Asia, and South America[87] Financial Management and Resources - The Group will continue to seek alternative financial resources to meet working capital requirements[81] - As of December 31, 2023, the Group's current liabilities increased to approximately HK$258,755,000 from HK$180,349,000 in 2022, primarily due to the reclassification of loans from related parties[80] - The Group's income tax expense increased to approximately HK$590,000 in 2023 from an income tax credit of HK$254,000 in 2022, mainly due to deferred tax charges[79] - As of 31 December 2023, the Group had cash and bank balances of approximately HK$10,189,000, down from HK$42,764,000 in 2022, and net current liabilities increased to approximately HK$208,024,000 from HK$71,295,000[108] - The Group's gearing ratio increased from 108.2% in 2022 to 298.0% in 2023, reflecting the rise in loans from related parties[115] - Loans from related parties amounted to approximately HK$299,387,000 as of 31 December 2023, compared to HK$266,623,000 in 2022[121] - The Group had no bank borrowings as of 31 December 2023 and 2022[110] - The ultimate controlling party of the Company committed to provide unutilised loan facilities of approximately HK$5,000,000[109] Environmental, Social, and Governance (ESG) Initiatives - The Group aims to achieve zero fatal accidents in the workplace, promoting a healthy and safe work environment[138] - The Group's total greenhouse gas emissions for the reporting year were calculated based on various guidelines, including the IPCC Sixth Assessment Report[153] - The Group has developed comprehensive policies to manage occupational health and safety issues, including the Occupational Health and Safety Policy and the Indoor Air Quality Policy[138] - The Board of Directors is responsible for overseeing environmental, social, and governance (ESG) issues and ensuring they are integrated into the company's strategy[134] - The Group requires suppliers to comply with its environmental standards, covering various aspects such as child labor and working conditions[138] - The Group is committed to enhancing its ESG management and improving risk identification related to sustainability issues[140] - The Group emphasizes the importance of diversity and inclusion, maintaining high ethical standards and promoting an inclusive culture[138] - The Group has implemented targeted energy-saving measures across its game publishing, esports, and cloud computing businesses to further reduce energy consumption[160] - The Group promotes environmental recycling by placing multi-sort recycling bins in offices to encourage employees to cultivate sorting and recycling habits[184] - The Group's energy consumption management includes regular reviews and analyses of monthly electricity bills and actual usage to develop improvement measures[188] - The Group has obtained FSC certification for its household products, ensuring that wood materials are sourced sustainably[192] - The Group's water management measures include regular checks and maintenance of water equipment to achieve water savings[163] - The Group is committed to reducing the environmental impact of its operations by identifying climate-related risks and developing countermeasures[171] - The company has implemented Measures for Energy Saving Publicity and Training to enhance employee awareness of energy conservation[194] - The Human Resources and Technical Support Departments are jointly conducting training on environmental protection for employees[194] - The company has incorporated vegetarian elements into free meals for employees to promote a low carbon diet[196] - The initiative aims to reduce global carbon dioxide emissions and protect the ecological environment[196] - The company recognizes the importance of a low carbon diet as part of an environmentally friendly lifestyle[196] - Long-term risks include extreme weather events resulting from climate change, which may lead to instability in raw material supply[199][200]
帝国科技集团(00776) - 2023 - 年度业绩