Financial Performance - For the year ended December 31, 2023, the company's revenue was HKD 232,920,000, a decrease of 8.5% from HKD 254,489,000 in 2022[4] - Gross profit for the year was HKD 63,692,000, down 8.5% from HKD 69,960,000 in the previous year[4] - The company's net profit attributable to shareholders was HKD 20,773,000, a decline of 7.1% compared to HKD 22,370,000 in 2022[4] - Basic and diluted earnings per share were HKD 1.039, down from HKD 1.119 in the previous year, representing a decrease of 7.1%[4] - The pre-tax profit for 2023 was HKD 3,706,000, down from HKD 6,814,000 in 2022, reflecting a decline of approximately 45.5%[23] - The group’s income tax expense for 2023 included HKD 3,513,000 in Hong Kong profits tax, compared to HKD 4,822,000 in 2022, indicating a reduction of 27.2%[23] - The group’s gross profit for the fiscal year ending December 31, 2023, was HKD 63.7 million, down HKD 6.3 million from HKD 70.0 million in the previous year, resulting in a gross margin of 27.3%, a decrease of 0.2 percentage points from 27.5%[38] - The profit attributable to the company's owners for the fiscal year ending December 31, 2023, was HKD 20.8 million, a decrease of HKD 1.6 million or 7.1% from HKD 22.4 million in the previous year[38] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 172,428,000, an increase from HKD 169,214,000 in 2022[6] - Current liabilities increased to HKD 53,803,000 from HKD 43,496,000, reflecting a rise of 23.6%[6] - The company’s total equity decreased to HKD 129,261,000 from HKD 138,720,000, a decline of 6.4%[6] - Trade receivables increased to HKD 62.7 million in 2023 from HKD 47.8 million in 2022, with a net trade receivables amount of HKD 62.4 million after impairment provisions[30] - Trade payables rose significantly to HKD 22.5 million in 2023 from HKD 9.8 million in 2022, indicating increased operational liabilities[31] - The current ratio as of December 31, 2023, was approximately 3.20 times, down from 3.89 times in 2022, indicating a decrease in liquidity[40] - The group maintained a debt ratio of zero as of December 31, 2023, due to a net cash balance at year-end[42] Cash Flow and Dividends - The company proposed a final dividend of HKD 0.005 per ordinary share for 2023, totaling HKD 10 million, down from HKD 20 million in 2022[27] - The company proposed a final dividend of HKD 0.5 per share for the year ended December 31, 2023, compared to HKD 1.0 per share in 2022[61] - The proposed final dividend will be paid on July 17, 2024, to shareholders listed on June 25, 2024[63] - Share registration will be suspended from June 21, 2024, to June 25, 2024, to determine eligibility for the proposed final dividend[63] Operational Highlights - The company reported other income of HKD 7,201,000, an increase of 74.8% from HKD 4,128,000 in the previous year[4] - The group’s employee benefits expenses, including director remuneration, totaled HKD 34,097,000 in 2023, slightly up from HKD 33,112,000 in 2022, representing an increase of 3%[22] - The group’s depreciation of property, plant, and equipment was HKD 2,053,000 in 2023, compared to HKD 2,047,000 in 2022, showing a marginal increase[22] - The group faced price competition in the Middle East market, impacting sales and gross profit in the fan business segment[36] - The company has not disclosed any new product developments or market expansion strategies in the current report[2] - There were no significant investments or acquisitions during the year ended December 31, 2023[45] Employee and Capital Management - The total number of employees as of December 31, 2023, was 112, an increase from 106 in 2022[46] - Capital expenditure for the year ended December 31, 2023, was HKD 5.4 million, a decrease from HKD 6.3 million in 2022[43] - Total capital commitments as of December 31, 2023, amounted to approximately HKD 0.6 million, down from HKD 1.1 million in 2022[43] - The net proceeds from the share issuance were approximately HKD 42.5 million, with a reallocation of unused funds amounting to HKD 34.0 million for efficiency improvements, manufacturing capacity expansion, and new product development[48] Governance and Compliance - The audit committee reviewed the annual performance and financial statements for the year ended December 31, 2023, with no disagreements noted[57] - The company had no contingent liabilities as of December 31, 2023[44] - There were no assets pledged as collateral for borrowings as of December 31, 2023[47] - The company has not bought, sold, or redeemed any of its listed securities during the year ended December 31, 2023[53] - The company's annual general meeting will be held on June 14, 2024, at 10:30 AM in Hong Kong[65] - Share registration will also be suspended from June 7, 2024, to June 14, 2024, for the upcoming annual general meeting[62]
蚬壳电业(02381) - 2023 - 年度业绩