2022-04-28-港交所-新确科技_2021年报_198页_2mb

Executive Summary

The annual report for 2021 highlights NewCorp Technologies Limited's performance in its investments and operations. The company achieved a revenue of approximately 200 million HK, a 15.1% increase from 2020, primarily driven by growth in its B2B cross-border e-commerce segment. However, the group reported a net loss of about 58.8 million HK, mainly attributed to provisions for expected credit losses on trade and other receivables. The company operates across various sectors including sales of telephones, trading of used computer-related components, and securities services. The financial highlights include cautious capital expenditure management and ongoing focus on corporate governance and environmental policies. More detailed financial performance and segment analysis are available in the consolidated financial statements.

Key Business Highlights

• Revenue Growth: Revenue rose to around 200 million HK, with B2B cross-border e-commerce contributing significantly (approximately 43.2% of revenue in 2021).
• Business Segments: Key business areas include telephone product sales (around 5% of revenue), processing of used computer components (about 40.8%), interest income from lending (around 1%), and securities brokerage (1.0%).
• Growth Outlook: The company expects continued focus on eCommerce, with challenges to maintain profitability due to global economic conditions, but remains optimistic about its strategic direction.

Financial Performance

• Revenue and Profit: Total revenue was approximately 200,000,000 HK, up 15.1%year-on-year. Net loss was approximately 58,800,000 HK, attributed mainly to credit loss provisions and interest expenses.
• Assets and Equity: Total assets decreased to around 328,982,000 HK from 299,153,000 HK, while net assets were stable at 257,008,000 HK, reflecting financial adjustments and operational investments in underlying assets.
• Financial Ratios: Current ratio at 4.70, indicating strong liquidity. gearing ratio at 0.011, showing stable financial leverage.

Environmental, Social, and Governance (ESG) Performance

• Environmental Focus: The company decreased GHG emissions and maintained efficient energy use, with initiatives detailed in their ESG report.
• Social Contributions: Focus on employee welfare, with measures to enhance diversity and training. Operational safety and community engagement are key.
• Governance: Board composition balanced, with two non-executive directors ensuring accountability. Key policies include codes for directors' securities transactions and regular audits to ensure compliance and transparency.

Conclusion

NewCorp Technologies demonstrated resilience in navigating economic disruptions during 2021, with steady revenue growth in core business segments. The company remains committed to sustainable practices and good governance to ensure long-term stability and shareholder value. Challenges related to credit risks and global economic factors are under careful management.