隽泰控股2023 年报

79 81 83 188 Financial Highlights FINANCIAL AND OPERATING RESULTSHIGHLIGHTS Thefollowing table sets forth certain financial information ofAMCOUnited Holding Limited(the“Company”)and its subsidiaries(collectively, the “Group”) as of the date for the years indicated: Notes: 1.2.3. 1.Current ratio is calculated by dividing current assets by current liabilities. 2.Totaldebt to total assets ratio is calculated by dividing the totalindebtedness by total assets. 3.Return on total assets is calculated by dividing the loss for the year bytotal assets. 4.Return on sales is calculated by dividing the loss for the year by revenue.4. DIRECTORS Executive Directors JIA Minghui(Chairman)ZHANG Hengxin(Managing Director) Independent Non-executive Directors AU YEUNG Ming Yin GordonGUO ZhenhuiYE Mengmei (Appointed on 27 June 2023)CHAN Tsz Keung (Resigned on 27 March 2023) COMPANY SECRETARY Chan Lok Yin (Appointed on 19 January 2023)Chan Mei Wah (Resigned on 19 January 2023) AUTHORISED REPRESENTATIVES ZHANG HengxinChan Lok Yin PRINCIPAL PLACE OF BUSINESS IN HONG KONG 701104 Unit 1104, Crawford House70 Queen’s Road Central, CentralHong Kong REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda Corporate Information PRINCIPAL BANKERS Standard Chartered Bank (Hong Kong) LimitedBank of China (Hong Kong) Limited AUDITOR Privatco CPA Limited20111101 Privatco CPA LimitedRoom 1101, 11/FInternational Plaza20 Sheung Yuet RoadKowloon BayHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda MUFG Fund Services (Bermuda) Limited4th floor NorthCedar House41 Cedar AvenueHamilton HM12Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 18354 Tricor Standard LimitedLevel 54, Hopewell Centre183 Queen’s Road EastHong Kong WEBSITE www.amco-united.com www.amco-united.com Chairman’s Statement 66,500,00032,200,00048.4%34,300,000 Despitethe Year 2023 has marked a year of great challenge facinghigh level of uncertainty of the economy as well as the volatile financialmarketin Hong Kong and globally,we made efforts to initiate andboost our momentum of growth by facilitating business developmentof the respective business segments during the year. The total revenueofthe Group decreased HK$32.2 million or 48.4%,from HK$66.5million last year to HK$34.3 million for the year ended 31 December2023. Such decrease was mainly attributable to the decrease in revenuefrom medical products and revenue from the provision of constructionservices in building construction, building maintenance and improvementworks, project management, renovation and decoration works (“BuildingContract Works Business”). Tocope with the challenge of fluctuating sales order,the Group ispersisting to deploy business strategies of streamlining and outsourcingofbusiness processes,implementing strict cost control and ensuringeffective utilisation of resources with an aim to maintain its long-termsustainablecompetitive advantages in the business segment.In themeantime,the Group is actively exploring and identifying potentialbusinessopportunities to expand its customer base of the businesssegment in order to broaden the income streams of the Medical DevicesBusiness. The Group’s business segment in the manufacture and saleofplastic moulding products(“Plastic Moulding Business”)has beendownsizedin recent years and revenue generated by this businesscontinued to decline in the current year due to end of product life cyclesof most of its products. Chairman’s Statement The Group’s business in the provision of construction services in buildingconstruction,building maintenance and improvement works,projectmanagement,renovation and decoration works(“Building ContractWorks Business”) has been confronting challenges under slower growthof the construction industry and intensified market competition. Revenuegenerated for the Building Contract Works Business has decreased overthe previous year caused by decrease in awards of contracts in bothpublicand private sectors during the current year as the subsidiaryisno longer a registered contractor in several government/publicorganisations.Profit margin of this business has also been curtailedasa result of decrease in awards of contracts in the private sectorwhichyielded higher margins in price as well as continuous rise insubcontracting costs resulting from increased labour costs which resultedin increased operating loss recorded for this business in previous years.Due to the underperformed result and stringent market environment ofthe construction industry, the Group should re-consider to whether theGroup should Continue to deploy efforts and resource in this businesssegment. TheGroup’s business in the provision of money lending(“MoneyLending Business”) has generated stable income to the Group in 2023.The Group has recorded a segment loss for its bu