Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 3,652,218, a decrease of 20.7% compared to HKD 4,609,007 in 2022[2] - The net loss attributable to the company's equity holders for the year was HKD 108,756, compared to a profit of HKD 112,722 in the previous year[4] - Operating loss for the year was HKD 41,219, a significant decline from an operating profit of HKD 144,776 in 2022[2] - The company reported a net finance cost of HKD 30,025, up from HKD 11,043 in the previous year, indicating increased financial burdens[2] - The company recorded a decrease in other income, net, to HKD 12,860 from HKD 27,095 in 2022, reflecting reduced ancillary revenue streams[2] - The company reported a loss attributable to equity holders of HKD 132,784,000 in 2023, compared to a profit of HKD 71,763,000 in 2022[46] - Basic loss per share for 2023 was HKD (18.19), compared to earnings of HKD 9.83 per share in 2022[46] - The group recorded a loss attributable to shareholders of HKD 128 million for the year, compared to a profit of HKD 71.8 million in the previous year[52] - The group reported a comprehensive loss of HKD 108.76 million for the year, with a significant decrease in operating profit across various segments[63] Assets and Liabilities - The total assets of the company as of December 31, 2023, were HKD 3,152,552, down from HKD 3,715,449 in 2022[10] - Total assets decreased from HKD 3,715,449,000 in 2022 to HKD 3,152,552,000 in 2023, a decline of approximately 15.1%[31] - Current assets fell from HKD 3,120,252,000 in 2022 to HKD 2,547,424,000 in 2023, representing a decrease of about 18.3%[31] - Cash and cash equivalents decreased significantly from HKD 672,770,000 in 2022 to HKD 487,238,000 in 2023, a drop of approximately 27.5%[31] - Trade and other receivables declined from HKD 1,253,685,000 in 2022 to HKD 1,060,219,000 in 2023, a reduction of about 15.4%[31] - Total liabilities decreased from HKD 1,862,302,000 in 2022 to HKD 1,479,501,000 in 2023, a reduction of approximately 20.5%[32] - Current liabilities decreased from HKD 1,842,488,000 in 2022 to HKD 1,424,215,000 in 2023, a decline of about 22.7%[32] - The total trade and other payables amounted to HKD 531,255,000 in 2023, compared to HKD 510,533,000 in 2022, reflecting an increase of approximately 4.3%[72] - The net borrowings as of December 31, 2023, were HKD 102,700,000, with total equity of HKD 1,673,100,000, resulting in a net debt-to-equity ratio of 6.1%[78] Employee and Operational Metrics - The company’s employee benefit expenses were HKD 608,619, down from HKD 685,569 in the previous year, indicating cost-cutting measures[2] - The group has a total of 3,793 employees as of December 31, 2023, with 210 based in Hong Kong, 2,963 in China, and 620 overseas[54] Dividends and Share Capital - The company did not declare any interim or final dividends for 2023, compared to HKD 0.015 and HKD 0.035 per share in 2022[49] - The group did not recommend a final dividend for the year ending December 31, 2023, compared to a dividend of HKD 0.035 per share in 2022[51] - The company issued 729,897,964 ordinary shares as of January 1, 2023, with a total share capital of HKD 72,990,000[73] Revenue by Segment - The industrial products trading and distribution segment generated revenue of HKD 1.8 billion, down about 26% year-on-year due to a significant reduction in orders caused by the global economic downturn[52] - The original product manufacturing segment's revenue decreased by approximately 15% to HKD 1.8 billion, primarily due to a decline in orders from customers in Europe and the United States[52] - The trading segment's external sales amounted to HKD 2.45 billion, while the manufacturing segment's external sales were HKD 2.12 billion[63] - The total revenue for the period was HKD 1,009,485,000 in 2023, down from HKD 1,202,601,000 in 2022, indicating a decrease of approximately 16.1%[69] Environmental and Social Responsibility - The group has established multiple systems for environmental management, including ISO 14001 certification and ISO 50001 energy management systems[55] - The company has established a green committee to lead various environmental protection activities and initiatives[80] - The company has committed to corporate social responsibility by donating to various charities and providing scholarships to eligible students[82] - The company has adopted environmentally friendly design and packaging, complying with green procurement policies throughout its supply chain[92] Future Outlook - The group expects steady growth in the original product manufacturing segment's business in 2024, supported by ongoing investments in production facilities in Querétaro, Mexico[59] - The company anticipates an improvement in the demand for industrial products distributed by its trade and distribution department in the current year compared to last year[83]
WKK INTL (HOLD)(00532) - 2023 - 年度业绩