Financial Performance - The company reported total revenue of approximately HKD 482.0 million for the year ended December 31, 2023, a decrease of about HKD 135.6 million or 22.0% compared to the previous year[8]. - Gross profit increased by approximately HKD 2.0 million or 3.4% to HKD 60.3 million, with a gross margin improvement from 9.4% to 12.5%[8]. - The company recorded a loss before tax of approximately HKD 21.0 million, an increase of about HKD 18.5 million or 740.0% compared to the previous year[9]. - The company’s earnings per share decreased significantly from HKD 0.77 to HKD 3.32, reflecting the increased losses[9]. - Revenue from the Korean business was approximately HKD 453.7 million, a decrease of about HKD 133.7 million or 22.8% from the previous year[14]. - Revenue from the Hong Kong business was approximately HKD 28.3 million, down by about HKD 1.9 million or 6.3% compared to the previous year[14]. - The public sector contributed approximately HKD 265.8 million in revenue, an increase of about HKD 29.3 million or 12.4% year-on-year, while the private sector contributed approximately HKD 216.2 million, a decrease of about HKD 165.0 million or 43.3%[15]. - The net loss for the year was approximately HKD 19.1 million after tax credits of about HKD 1.9 million, compared to a loss of approximately HKD 4.0 million in the previous year[21]. Cash Flow and Assets - The company’s cash and cash equivalents remained stable at approximately HKD 122.7 million, compared to HKD 122.6 million in the previous year[9]. - Operating cash flow for the year ended December 31, 2023, was a net outflow of approximately HKD 5.2 million, a decrease of HKD 62.9 million compared to a net inflow of HKD 57.7 million in 2022[35]. - The net cash used in investing activities for the year was approximately HKD 1.0 million, a significant decrease from HKD 23.1 million in 2022, primarily due to reduced cash inflows from the sale of properties and equipment[37]. - Financing activities generated a net cash inflow of approximately HKD 9.7 million, compared to a net cash outflow of HKD 28.8 million in 2022, mainly due to proceeds from the placement and issuance of shares amounting to HKD 69.6 million[38]. - Total assets decreased by approximately HKD 8.4 million or 10.4% to about HKD 72.2 million, primarily due to the reduction of investment properties[26]. - Current assets decreased by approximately HKD 55.9 million or 21.5% to about HKD 203.8 million, mainly due to a decline in inventory and trade receivables[27]. - The group recorded a significant increase in inventory, which rose to HKD 7.8 million from HKD 1.1 million, representing a 633.6% increase[35]. - The group did not have any bank borrowings as of December 31, 2023, compared to approximately HKD 41.8 million in 2022[40]. Cost Management - Selling and administrative expenses increased to approximately HKD 74.0 million, up from HKD 63.1 million, primarily due to increased employee compensation expenses related to stock options[8]. - The company has implemented strict cost control measures to address uncertainties in the business environment[9]. - The total employee cost for the year was approximately HKD 93.3 million, up from HKD 86.8 million in the previous year[53]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance corporate value[74]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balance of skills and experience[80]. - The company has adopted a securities trading code to monitor compliance among employees with insider information[77]. - The board has established a corporate governance framework in accordance with GEM listing rules to enhance oversight of business conduct[74]. - The company has established a whistleblowing policy and anti-corruption measures to promote a culture of integrity[131]. - The company emphasizes investor relations and has implemented a communication policy to ensure shareholders can access information timely[142]. Strategic Initiatives - The company launched a comprehensive blockchain platform named "Future Chain" on October 27, 2023, aimed at providing innovative solutions for non-fungible token issuance and cross-chain transfers[56]. - The company is actively exploring opportunities in the digital asset market, particularly in Southeast Asia and China, to enhance revenue sources and create synergies with existing businesses[52]. - The company aims to leverage its advantages in software, networking, and system development to explore partnerships with suitable businesses in Asian countries[57]. Shareholder Information - The company does not recommend a final dividend for the year, consistent with the previous year[150]. - As of December 31, 2023, the company has no retained earnings available for distribution to shareholders, but has a share premium account of HKD 103,862,000 that can be distributed if solvency is maintained[176]. - Major shareholders include Hua Zhi Investment Holdings Limited with 192,411,750 shares (35.20%) and Wei Fu Investment Development Limited with 50,000,000 shares (9.15%)[198]. Risks and Compliance - The company faces significant risks related to maintaining existing customer relationships and securing new contracts in a competitive system integration industry[154]. - The company has complied with all relevant laws and regulations that significantly impact its business operations during the year[158]. - There were no reported cases of bribery or corruption during the fiscal year[128].
未来数据集团(08229) - 2023 - 年度财报