Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 8,665,765, representing a 13.0% increase from HKD 7,668,983 in 2022[2] - Profit attributable to shareholders increased by 37.6% to HKD 580,420, compared to HKD 421,852 in the previous year[2] - Basic earnings per share rose by 34.6% to HKD 25.73 cents, up from HKD 19.11 cents in 2022[2] - The gross profit for the year was HKD 973,063, compared to HKD 825,305 in 2022, indicating a strong operational performance[4] - The company reported a net profit of HKD 572,230 for the year, compared to HKD 409,960 in 2022, showing significant growth in profitability[5] - The total revenue for the year ended December 31, 2023, was HKD 8,665,765,000, an increase from HKD 7,668,983,000 in 2022, representing a growth of approximately 13%[17] - The gross profit for the total group in 2023 was HKD 973,063,000, compared to HKD 825,305,000 in 2022, marking an increase of approximately 17.9%[17] - The pre-tax profit for the group was HKD 650,463,000 in 2023, up from HKD 508,214,000 in 2022, representing a growth of around 28%[17] - The total other income and gains for 2023 reached HKD 46,959,000, significantly higher than HKD 25,432,000 in 2022, marking an increase of 84.9%[22] Revenue Breakdown - The revenue from the Facade Engineering segment was HKD 6,664,831,000 in 2023, up from HKD 5,784,122,000 in 2022, indicating a growth of about 15%[17] - The revenue from the General Contracting segment increased to HKD 1,053,814,000 in 2023 from HKD 894,992,000 in 2022, reflecting a growth of approximately 17.8%[17] - The revenue from the Operations Management segment decreased to HKD 947,120,000 in 2023 from HKD 989,869,000 in 2022, showing a decline of about 4.3%[17] - The group’s revenue from Hong Kong and mainland China for the Facade Engineering and Operations Management segments was HKD 7,168,292,000 in 2023, compared to HKD 6,239,963,000 in 2022, indicating a growth of approximately 14.9%[17] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 3,323,528, down from HKD 3,588,072 in 2022, reflecting a decrease in total liabilities[8] - Non-current assets totaled HKD 2,077,743, a decrease from HKD 2,285,744 in 2022, primarily due to depreciation and asset revaluation[7] - The company's cash and bank balances decreased to HKD 712,950 from HKD 974,838 in the previous year, indicating a tighter liquidity position[7] - The total equity attributable to shareholders increased to HKD 2,401,822 from HKD 2,092,325 in the previous year, reflecting improved financial health[8] Expenses and Costs - The group’s financial expenses increased to HKD 81,776,000 in 2023 from HKD 51,217,000 in 2022, reflecting an increase of about 59.7%[17] - The operating costs for contract works increased to HKD 7,047,575,000 in 2023 from HKD 6,210,459,000 in 2022, representing a rise of 13.5%[23] - The depreciation of property, plant, and equipment was HKD 128,339,000 in 2023, up from HKD 118,583,000 in 2022, representing an increase of 8.8%[23] Dividends and Shareholder Returns - The company proposed a final dividend of 3.2 HK cents per share for 2023, compared to 2.4 HK cents in 2022, reflecting a 33.3% increase[26] - The board proposed a final dividend of HKD 0.032 per share for 2024, up from HKD 0.024 in 2022, resulting in a total annual dividend of HKD 0.087 per share compared to HKD 0.065 in 2022[54] Strategic Plans and Market Expansion - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] - The company aims to expand its market presence in Hong Kong and mainland China while optimizing overseas operations, focusing on high-end curtain wall solutions[35] - The company plans to accelerate its expansion into the Singapore market and explore opportunities in the Middle East[52] Technological Advancements - The company has made significant advancements in BIPV (Building Integrated Photovoltaics) technology, launching new products Light A and Mega Light-A, and completing its first production line for photovoltaic curtain walls[38] - The company emphasizes technological innovation and has implemented advanced automation production lines and BIM technology to enhance project efficiency and quality[38] Compliance and Governance - The company complied with all applicable code provisions of the Corporate Governance Code during the year ending December 31, 2023[58] - All directors confirmed compliance with the Standard Code for Securities Transactions by Directors during the year ending December 31, 2023[59] - The financial statements for the year ending December 31, 2023, were reviewed by an audit committee consisting of three independent non-executive directors[60]
中国建筑兴业(00830) - 2023 - 年度业绩