Financial Performance - The total revenue for the year 2023 was HKD 312,875,000, a decrease of 8.5% compared to HKD 342,183,000 in 2022[3] - The operating loss for 2023 was HKD 62,301,000, improved from a loss of HKD 97,247,000 in 2022[3] - The net financial income for 2023 increased to HKD 68,269,000, compared to HKD 32,853,000 in 2022, reflecting a significant improvement[3] - The loss attributable to shareholders for 2023 was HKD 9,869,000, a substantial reduction from HKD 59,387,000 in 2022, indicating a positive trend[3] - The basic and diluted loss per share for 2023 was HKD 0.65, improved from HKD 3.58 in 2022[3] - The company reported a net loss of HKD 555,000 in 2023 compared to a net loss of HKD 30,594,000 in 2022, indicating a significant improvement in performance[36] - The company reported a total tax expense of HKD 15,837,000 in 2023, compared to a tax credit of HKD 5,007,000 in 2022, indicating a shift from a tax benefit to a tax expense[38] - The company did not declare a final dividend for the year ending December 31, 2023, consistent with the previous year[46] - For the fiscal year ending December 31, 2023, the company reported a net loss attributable to shareholders of approximately HKD 11,000,000, a decrease of 80% compared to a net loss of HKD 56,000,000 in 2022[60] - The basic loss per share for 2023 was HKD 0.65, down from HKD 3.58 in 2022, reflecting an 81% reduction[60] Assets and Liabilities - Total non-current assets decreased to HKD 1,276,562,000 in 2023 from HKD 1,320,228,000 in 2022[13] - Current assets totaled HKD 4,340,220,000 in 2023, down from HKD 4,580,561,000 in 2022[13] - Total liabilities decreased to HKD 3,051,415,000 in 2023 from HKD 3,362,043,000 in 2022, indicating improved financial health[13] - The net asset value for 2023 was HKD 2,431,686,000, slightly up from HKD 2,379,470,000 in 2022[14] - The total assets as of 2023 amounted to HKD 5,616,782,000, slightly down from HKD 5,900,789,000 in 2022[40] - The total liabilities decreased to HKD 2,853,093,000 in 2023 from HKD 3,150,436,000 in 2022, indicating a reduction of approximately 9.4%[51] Revenue Segments - The financial services segment reported a revenue of HKD 156,780,000, down from HKD 183,501,000 in 2022, indicating a decrease of about 14.6%[42] - The property development segment experienced a loss of HKD 18,069,000, compared to a loss of HKD 19,809,000 in 2022, showing an improvement[42] - The company’s revenue from the sale of investment properties was HKD 5,000 in 2023, compared to a loss of HKD 129,000 in 2022, showing a recovery in this segment[36] - Property sales revenue increased by 78% in 2023 compared to 2022, mainly driven by contributions from the Huangshan project[75] Operational Efficiency - The company incurred a depreciation expense of HKD 40,432,000 in 2023, down from HKD 43,085,000 in 2022, reflecting a decrease of approximately 6%[36] - The company’s employee costs amounted to HKD 203,051,000 in 2023, slightly down from HKD 209,701,000 in 2022, reflecting a decrease of about 3%[36] - The company plans to focus on strict cost control and prudent risk management to navigate uncertainties in the recovery path[77] - The company launched its first fixed income fund in April 2023 and aims to further develop its financial services business[77] - The company is committed to enhancing digitalization and automation in financial services to improve customer experience and operational efficiency[77] Market Environment - The Hang Seng Index fell by 14% in 2023, closing at 17,047 points, reflecting a challenging market environment[65] - The company anticipates a cautious optimism for the economic outlook in 2024, with expected growth in Hong Kong's economy gradually returning to pre-pandemic levels[71] - The company noted that the hospitality and property sectors faced various uncertainties, but there was a moderate recovery due to the easing of pandemic-related restrictions[72] Other Information - The company is engaged in various sectors including securities investment, corporate finance, and property development, indicating a diversified business model[16] - The company has not adopted any new accounting standards that have not yet come into effect, and the impact of new standards is still being assessed[27] - The company has not engaged in any significant acquisitions or disposals during the year[85] - The board of directors currently consists of four executive directors and one non-executive director, along with five independent non-executive directors[99] - Detailed performance announcements are available on the Hong Kong Stock Exchange website[98]
第一上海(00227) - 2023 - 年度业绩