Financial Performance - The company's total revenue for the year ended September 30, 2022, was HKD 348,610,000, an increase from HKD 254,863,000 in the previous year, representing a growth of approximately 36.8%[2] - Gross profit for the year was HKD 46,353,000, compared to HKD 43,828,000 in the previous year, reflecting a growth of about 5.8%[2] - The net profit attributable to the owners of the company for the year was HKD 13,625,000, down from HKD 17,248,000 in the previous year, indicating a decrease of approximately 21.1%[2] - Basic and diluted earnings per share for the year were both HKD 1.75, compared to HKD 2.61 in the previous year, a decline of about 32.9%[2] - The company reported a profit before tax of HKD 15,830,000 for the year ended September 30, 2022, compared to HKD 22,140,000 in the previous year, reflecting a decline of 28.7%[25] - Other income increased to HKD 8,400,000 in 2022 from HKD 4,691,000 in 2021, driven by government subsidies which rose to HKD 7,150,000 from HKD 2,919,000[35] - The company recorded a net other loss of approximately HKD 8.2 million in fiscal year 2022, compared to a net other income of approximately HKD 6.3 million in fiscal year 2021, mainly due to decreased gains from the sale of properties and a decline in the fair value of investment properties[80] Assets and Liabilities - Current assets totaled HKD 314,170,000, an increase from HKD 260,378,000 in the previous year, representing a growth of approximately 20.6%[4] - Current liabilities increased to HKD 62,167,000 from HKD 30,681,000, indicating a rise of about 102.5%[4] - The company's total equity increased to HKD 305,228,000 from HKD 287,678,000, reflecting a growth of approximately 6.1%[7] - Non-current assets decreased to HKD 55,200,000 from HKD 60,519,000, a decline of about 8.5%[5] - The company’s total liabilities as of September 30, 2022, were not reclassified due to the application of the revised Hong Kong Accounting Standard No. 1[16] - The total trade receivables increased significantly to HKD 105,915,000 in 2022 from HKD 24,250,000 in 2021, indicating a substantial growth in sales[52] Revenue Sources - Revenue from electrical and maintenance engineering services for the year ended September 30, 2022, was HKD 348,610,000, an increase of 36.8% compared to HKD 254,863,000 in 2021[17] - Customer B contributed HKD 71,815,000 in revenue for 2022, while Customer C contributed HKD 179,792,000, an increase from HKD 149,493,000 in 2021, and Customer D's contribution rose to HKD 96,485,000 from HKD 56,669,000[34] Investment and Projects - The company plans to continue exploring new product development and market expansion strategies to enhance future growth prospects[10] - The company will focus on two major projects in the next two years, providing engineering services to Queen Mary Hospital and the Immigration Department Headquarters[77] - As of September 30, 2022, the confirmed project orders amounted to approximately HKD 639.1 million, with completion dates extending over the next two years[88] - The company entered into a joint venture agreement with Pangu Shengshi Internet Technology Co., Ltd., agreeing to invest up to HKD 20.5 million in the joint venture[101] Shareholder and Governance - The company did not declare any dividends for 2022, consistent with 2021[53] - No dividends were declared or proposed for the fiscal year 2022, and there have been no suggestions for dividend payments since the reporting period[103] - The audit committee reviewed the consolidated financial statements for the fiscal year 2022, ensuring compliance with accounting principles and practices[100] - The company has maintained compliance with the corporate governance code, with some deviations noted regarding the notice period for board meetings[93][94] Employee and Operational Insights - The number of employees increased to 808 as of September 30, 2022, compared to 287 in the previous year, including 76 long-term employees and 732 short-term employees[90] - The company has not faced any significant adverse environmental impacts from its operations, focusing on material procurement and labor[91] - The company has not implemented any foreign currency hedging policies, as it does not perceive significant foreign currency risk[87] Other Financial Metrics - The company’s depreciation on property, plant, and equipment for the year ended September 30, 2022, was HKD 834,000, compared to HKD 754,000 in 2021, showing an increase of 10.6%[31] - The total interest income for the year ended September 30, 2022, was HKD 103,000, a slight increase from HKD 65,000 in 2021[31] - The company’s investment properties had a fair value change of HKD 4,490,000 for the year ended September 30, 2022, compared to HKD 1,970,000 in 2021, indicating a significant increase in property value[31] - The fair value changes of investment properties resulted in a loss of HKD 4,490,000 in 2022, compared to a gain of HKD 1,970,000 in 2021[36]
高丰集团控股(02863) - 2022 Q4 - 年度业绩