汤臣集团(00258) - 2023 - 年度业绩

Revenue and Profit Growth - Total operating revenue for 2023 increased to 567,364 thousand HKD, up from 533,078 thousand HKD in 2022[2] - Gross profit for 2023 rose to 357,507 thousand HKD compared to 314,339 thousand HKD in 2022[2] - Net profit attributable to equity holders of the company for 2023 was 42,684 thousand HKD, up from 17,168 thousand HKD in 2022[4] - Basic earnings per share for 2023 increased to 2.12 HKD cents from 0.87 HKD cents in 2022[4] - Total operating revenue for 2023 increased to 567,364 thousand HKD, up from 533,078 thousand HKD in 2022[15] - Revenue from property sales in 2023 rose to 219,606 thousand HKD, compared to 164,374 thousand HKD in 2022[15] - Media and entertainment business revenue surged to 2,579 thousand HKD in 2023 from 367 thousand HKD in 2022[15] - Revenue from golf club services increased to 51,361 thousand HKD in 2023 from 44,994 thousand HKD in 2022[15] - Property management fee revenue slightly increased to 32,011 thousand HKD in 2023 from 31,428 thousand HKD in 2022[15] - Total revenue from customer contracts and fixed lease payments reached 305,557 thousand HKD in 2023, up from 241,163 thousand HKD in 2022[15] - Profit before tax for 2023 was 135,165 thousand HKD, compared to 126,561 thousand HKD in 2022[17] - Revenue from external customers in Mainland China increased to 511,231 thousand HKD in 2023 from 459,682 thousand HKD in 2022[20] - Interest income for 2023 was HK$72,633 thousand, up from HK$70,210 thousand in 2022[24] - The company's post-tax consolidated profit for the year ended December 31, 2023, increased significantly to HK$42,684,000, a 1.49x increase compared to HK$17,168,000 in 2022[36] - The property development and sales segment contributed HK$44,994,000 in profit, a significant increase from HK$4,048,000 in 2022, primarily due to property sales in Shanghai[38] - The Shanghai Jinjiang Tomson Intercontinental Hotel achieved an average occupancy rate of 71.2%, contributing a net profit of HKD 22,645,000, a significant improvement from a net loss of HKD 15,289,000 in 2022[48] - Securities trading in Hong Kong generated revenue of HKD 53,554,000, representing 9.44% of the group's total operating revenue, with a net gain of HKD 2,287,000 from available-for-sale securities[49] Asset and Liability Changes - Total assets decreased to 13,261,625 thousand HKD in 2023 from 14,049,966 thousand HKD in 2022[10] - Investment properties decreased to 6,993,381 thousand HKD in 2023 from 7,794,927 thousand HKD in 2022[9] - Cash and bank balances decreased to 3,526,296 thousand HKD in 2023 from 3,966,071 thousand HKD in 2022[9] - Total equity decreased to 12,143,171 thousand HKD in 2023 from 12,706,582 thousand HKD in 2022[10] - Total liabilities decreased to 5,099,586 thousand HKD in 2023 from 4,745,348 thousand HKD in 2022[10] - Deferred tax liabilities decreased to 910,009 thousand HKD in 2023 from 1,112,328 thousand HKD in 2022[10] - Non-current assets in Mainland China decreased to 7,299,543 thousand HKD in 2023 from 8,116,907 thousand HKD in 2022[20] - Total assets decreased by 2.31% to HKD 18,361,211,000, with equity attributable to shareholders decreasing by 3.08% to HKD 12,006,560,000 due to RMB depreciation[54] - Cash and cash equivalents decreased by 10.72% to HKD 3,541,040,000, with net cash outflow of HKD 297,696,000 primarily due to construction costs for development properties[55] - Total assets pledged as collateral amounted to HKD 648,980,000 as of December 31, 2023, an increase from HKD 476,321,000 in 2022[57] - Borrowings secured by collateral increased to HKD 375,811,000 in 2023, up from HKD 242,451,000 in 2022[57] Segment Performance - The property development and sales segment contributed HK$44,994,000 in profit, a significant increase from HK$4,048,000 in 2022, primarily due to property sales in Shanghai[38] - The property investment segment contributed HK$54,091,000 in profit, down from HK$94,780,000 in 2022, mainly due to unrealized losses from fair value changes in investment properties in Shanghai[38] - The company's core property development and investment business generated total revenue of HK$459,870,000, accounting for 81.05$293,390,000, accounting for 51.71% of the company's total operating revenue in 2023[40] - The company's commercial and industrial properties in Shanghai generated stable recurring income of approximately HK$90,710,000, accounting for 15.99$75,780,000, accounting for 13.35% of the company's total operating revenue in 2023[42] - Revenue from the Tomson Shanghai Pudong Golf Club was HKD 51,361,000, accounting for 9.05% of the group's total operating revenue, with a gross profit of HKD 26,330,000 and a segment loss of HKD 4,132,000 after depreciation[47] - Media and entertainment business recorded total revenue of HKD 2,579,000, contributing 0.46% to the group's operating revenue, with a segment loss of HKD 276,000[50] Financial Costs and Expenses - Financing costs for 2023 rose to 18,204 thousand HKD from 14,835 thousand HKD in 2022[22] - Pre-tax profit for 2023 was HK$36,900 thousand, a decrease from HK$39,755 thousand in 2022[23] - Dividend income from non-listed equity instruments at fair value through other comprehensive income was HK$18,470 thousand in 2023, down from HK$22,054 thousand in 2022[24] - Total tax expenses for 2023 were HK$90,201 thousand, a decrease from HK$107,806 thousand in 2022[26] - The group's current ratio was 2.05x, and the debt-to-equity ratio increased slightly to 51.79%, primarily due to new borrowings[56] Dividends and Shareholder Returns - Interim dividend for 2023 was HK$167,537 thousand, up from HK$108,406 thousand in 2022[28] - The company declared an interim dividend of HK$0.10 per share for 2023, up from HK$0.085 per share in 2022[33] Future Projects and Strategic Investments - The company plans to develop the Tomson Junpin project in Shanghai's Jinqiao Town in six phases over the next four years, with the first phase expected to be launched for sale in Q2 2024[43] - The company holds a 70% interest in the Tomson Bishop Hill No. 1 residential project in Macau, with approximately 6,700 square meters of residential units available for sale as of December 31, 2023[44] - The company acquired a strategic long-term investment in the form of an office property in Hong Kong's Admiralty Centre, which is expected to generate stable recurring rental income[45][46] - The group agreed to sell 100% equity of Shanghai Chengqi Technology Co., Ltd. for approximately RMB 405,840,000, with 40% of the consideration already received[52] - The company expects the Tangchen Yipin and Tangchen Bishop Hill No. 1 projects to be the main profit contributors in 2024[59] - The company is actively advancing the construction and marketing plans for the Jinqiao Town project in Shanghai's Pudong district, which is expected to be a key profit contributor in the coming years[59] - The company maintains a conservative approach to managing its securities portfolio, focusing on securities with stable recurring income[59] Risk Management and Contingencies - The company has no significant contingent liabilities as of December 31, 2023[59] - The company's assets and liabilities are primarily denominated in RMB, with some in HKD and USD, and it expects to control exchange rate risks[58] Reporting and Communication - The company's 2023 annual report will be published by the end of April 2024 and will be distributed to shareholders via email or mail[62] Trade Receivables and Payables - Trade receivables aged 0-3 months were HK$533 thousand in 2023, up from HK$339 thousand in 2022[31] - Trade payables aged 0-3 months were HK$263,059 thousand in 2023, a significant increase from HK$24,125 thousand in 2022[32] Commitments and Development Properties - The group's commitments for development properties increased to HKD 2,308,957,000, mainly due to the development of the Jinqiao Town project in Shanghai[56]