Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 153,068,000, compared to HKD 3,189,000 in 2021, indicating significant growth[3] - Gross profit for the year was HKD 3,924,000, up from HKD 3,189,000 in the previous year, reflecting an increase in profitability[3] - The company reported a net loss of HKD 47,164,000 for 2022, slightly improved from a loss of HKD 49,454,000 in 2021[3] - The adjusted pre-tax loss for the year was HKD 47,162,000, with a total annual loss of HKD 47,164,000[24] - The net loss for the year was approximately HKD 47,200,000, a decrease of about HKD 2,300,000 from the previous year's net loss of HKD 49,500,000, mainly due to an increase in other income and gains of approximately HKD 3,200,000[45] Revenue Breakdown - Revenue from natural gas and petroleum product trading was HKD 149.955 million for the year ended December 31, 2022, compared to HKD 0 in the previous year[16] - For the year ended December 31, 2022, total revenue was HKD 153,068,000, with natural gas and oil trading contributing HKD 149,955,000 and financing lease and loan services contributing HKD 3,113,000[24] - Revenue from external customers in Hong Kong was HKD 149.955 million, while revenue from China was HKD 3.113 million[18] - Major customer A contributed HKD 105.16 million and customer B contributed HKD 44.795 million to the natural gas and petroleum product trading segment[19] Expenses and Liabilities - Administrative expenses increased to HKD 18,810,000 from HKD 16,772,000, indicating rising operational costs[3] - Current liabilities increased to HKD 1,317,270,000 in 2022 from HKD 1,309,198,000 in 2021, reflecting higher short-term obligations[6] - The company’s financial expenses decreased to HKD (43,877,000) in 2022 from HKD (55,629,000) in 2021, suggesting improved financial management[3] - Total liabilities exceeded total assets by approximately HKD 676.1 million as of December 31, 2022[10] Asset Management - The company's total assets decreased to HKD 534,421,000 in 2022 from HKD 599,896,000 in 2021, showing a decline in asset base[6] - The company's equity attributable to owners decreased to HKD (597,470,000) in 2022 from HKD (534,756,000) in 2021, indicating a deterioration in shareholder equity[7] - The company’s cash and cash equivalents stood at HKD 27,652,000 in 2022, down from HKD 28,845,000 in 2021, indicating a slight reduction in liquidity[6] Legal and Compliance Issues - The independent auditor issued a disclaimer of opinion on the consolidated financial statements for the year ended December 31, 2022, due to insufficient and appropriate audit evidence[69] - The group filed a lawsuit in May 2018 to enforce a land development contract, which was rejected by the Putian Court in June 2020[72] - The group is currently seeking legal advice regarding the administrative decision and will take appropriate actions based on that advice[72] Future Outlook and Strategies - The company is actively seeking other funding sources to support its business development[12] - The company has received a commitment from its major shareholder to provide financial support through guarantees or loans within one year[12] - The group is actively exploring various options and future opportunities to develop a feasible resumption plan to address the issues leading to the suspension of trading[60] - The company is closely monitoring and addressing issues related to Listing Rule 13.24, while continuing to explore new business opportunities and develop sustainable existing operations to enhance financial performance and create value for shareholders[63] Shareholder Information - The group reported a basic loss per share of approximately HKD 43,588,000 for the year 2022, compared to HKD 39,859,000 for 2021, with the weighted average number of ordinary shares issued remaining at 5,943,745,741 for both years[33] - The group did not recommend any dividend payment for the year ended December 31, 2022, consistent with the previous year[34] Joint Ventures and Investments - The investment in joint ventures as of December 31, 2022, is approximately HKD 94,718,000[91] - The share of profits from joint ventures reported in the consolidated income statement is approximately HKD 7,598,000[91] - The total receivables from joint ventures reported is approximately HKD 104,702,000[91] Miscellaneous - The group received government grants amounting to HKD 1,676,000, aimed at incentivizing research and development activities[28] - Trading of the company's shares has been suspended since November 29, 2022, until further notice[97] - The announcement of the audited annual results is available on the stock exchange and the company's website[96]
幸福控股(00260) - 2023 - 年度业绩