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久融控股(02358) - 2022 - 年度财报
JIU RONG HOLDJIU RONG HOLD(HK:02358)2023-04-28 04:27

Financial Performance - The company recorded a revenue of approximately HKD 837,897,000 for the year ended December 31, 2022, a decrease of about 35% compared to HKD 1,282,459,000 in the previous year[6]. - Gross profit for the year was approximately HKD 85,828,000, down about 44% from HKD 153,209,000 year-on-year[6]. - The company reported a net loss of approximately HKD 90,151,000, with a basic loss per share of HKD 1.65, compared to a basic earnings per share of HKD 0.30 in the previous year[6]. - The group recorded a loss of approximately HKD 90,151,000 for the year ended December 31, 2022, compared to a profit of approximately HKD 16,291,000 in 2021, indicating a significant decline in performance[25]. - The digital video business revenue decreased to approximately HKD 551,613,000 for the year ended December 31, 2022, down about 42.88% from approximately HKD 965,689,000 in 2021[25]. - The electric vehicle business revenue was approximately HKD 221,400,000 for the year ended December 31, 2022, a decrease of about 10.02% from approximately HKD 246,048,000 in 2021[26]. - The cloud ecosystem big data business revenue increased to approximately HKD 36,456,000 for the year ended December 31, 2022, up about 45.22% from approximately HKD 25,104,000 in 2021[28]. Financial Position - As of December 31, 2022, the company had cash and cash equivalents of approximately HKD 95,970,000, down from HKD 135,168,000 in the previous year[13]. - The company’s total liabilities as of December 31, 2022, amounted to approximately HKD 2,350,277,000, compared to HKD 2,234,626,000 in the previous year[13]. - Trade receivables decreased from approximately HKD 731,621,000 to HKD 606,418,000 year-on-year[13]. - The company maintained a debt-to-equity ratio of 1.3 as of December 31, 2022, compared to 1.32 in the previous year[13]. - The company’s total equity decreased to HKD 475,554,000 in 2022 from HKD 599,929,000 in 2021, reflecting a decline in shareholder value[145]. - The company reported a net current liability of about HKD 660,826,000, raising significant doubts about the group's ability to continue as a going concern[122]. Operational Efficiency - The company is focused on strict cost control measures to improve operational efficiency[12]. - The group plans to continue investing in the electric vehicle business and expand charging stations in Hangzhou and other provinces to capture market share[26]. - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[142]. Corporate Governance - The company has adopted a code of conduct for securities trading that aligns with the standards set forth in the Listing Rules, confirming compliance by all directors for the year ending December 31, 2022[35]. - The board of directors consists of three executive directors and three independent non-executive directors as of December 31, 2022, ensuring a balanced governance structure[36]. - The board is responsible for formulating the overall development strategy and monitoring financial performance, with a focus on enhancing long-term shareholder value[37]. - The company is committed to maintaining high levels of corporate governance to protect the interests of shareholders, investors, customers, and employees[33]. - The company has established an internal control policy and procedures manual to ensure compliance with corporate governance codes[66]. Risk Management - The company has identified key risks including strategy risks in the new energy vehicle sector, foreign currency risks, credit risks, liquidity risks, operational risks, and legal compliance risks[96][98]. - The company has a system to identify, measure, manage, and monitor risks affecting liquidity, credit, regulatory, and operational aspects[66]. - The board is responsible for the risk management and internal control systems, which are reviewed annually by the audit committee[64]. Shareholder Information - The company did not recommend any dividend payment for the fiscal year ending December 31, 2022[78]. - Major shareholders include Alpha Century Assets Limited and Ms. Wang Qianfeng, each holding 600,000,000 shares, representing 10.96% of the total shares[83]. - The company's market capitalization as of December 31, 2022, was HKD 492,480,000, with a public float of approximately 89%[72]. Audit and Compliance - The audit committee serves as a vital link between the board and the company's auditors, ensuring effective oversight of financial reporting[49]. - The independent auditor's report highlighted the need for sufficient and appropriate evidence regarding the recoverability of trade receivables[136]. - The consolidated financial statements for the year ended December 31, 2022, were audited by Zhonghui Anda CPA Limited, which is eligible for reappointment[116]. Employee Information - Employee compensation totaled approximately HKD 64,551,000 for the year ended December 31, 2022, compared to approximately HKD 60,365,000 in 2021, reflecting an increase in workforce from 394 to 479 employees[24]. - The group’s retirement benefit costs are calculated based on contributions made to defined contribution plans, which are a percentage of employees' basic salaries[191].