Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 7,927,326, a decrease from HKD 8,292,152 in 2022, representing a decline of approximately 4.4%[67]. - The group reported a current income tax expense of HKD 73,218 thousand for 2023, compared to HKD 85,249 thousand in 2022, indicating a decrease of approximately 14.5%[103]. - The group’s pre-tax profit for 2023 was HKD 196,430 thousand, significantly higher than HKD 1,193 thousand in 2022, reflecting a substantial increase in profitability[103]. - The basic earnings per share for 2023 was HKD 0.122, up from HKD 0.020 in 2022, representing a growth of 510%[107]. - The group reported a strong operating cash flow, reflecting its commitment to improving profitability and cash flow management[174]. Revenue Breakdown - Revenue from the baby stroller and accessories segment was HKD 3,175,925, while the automotive seats and accessories segment generated HKD 3,316,707, indicating a year-over-year decrease of 4.2% and an increase of 3.9%, respectively[58]. - The non-durable goods segment reported revenue of HKD 639,985, down from HKD 799,695 in 2022, reflecting a decline of approximately 20%[58]. - CYBEX brand revenue grew by 12.5% to approximately HKD 3,696.9 million, compared to HKD 3,285.3 million in the same period of 2022[180]. - The gb brand's revenue declined by 21.2% to approximately HKD 1,161.0 million, down from HKD 1,473.4 million in the previous year[182]. - Evenflo's revenue decreased by 1.1% to approximately HKD 2,279.6 million, with a constant currency increase of 1.3% compared to the same period in 2022[183]. Assets and Liabilities - Total non-current assets decreased from HKD 7,258,792 thousand in 2022 to HKD 5,922,026 thousand in 2023, a reduction of approximately 18.4%[5]. - Current liabilities increased significantly from HKD 3,388,353 thousand in 2022 to HKD 5,184,232 thousand in 2023, representing an increase of about 53%[5]. - The net asset value decreased from HKD 1,067,550 thousand in 2022 to HKD 267,196 thousand in 2023, a decline of approximately 75%[5]. - The total liabilities decreased from HKD 6,156,042 thousand in 2022 to HKD 5,745,721 thousand in 2023, a decrease of about 6.7%[7]. - The total bank loans and overdrafts amounted to HKD 2,793,847,000, a decrease of 16.7% from HKD 3,354,778,000 in 2022[131]. Employee and Operational Costs - Employee costs for the period amounted to approximately HKD 1,683.0 million, down from HKD 1,762.3 million in the previous year, reflecting a decrease of about 4.5%[21]. - The company had a total of 6,224 full-time employees as of December 31, 2023, compared to 7,357 employees in 2022, indicating a reduction of approximately 15.4%[21]. - The total employee benefits expenses decreased to HKD 1,714,381 in 2023 from HKD 1,802,509 in 2022, representing a reduction of approximately 4.9%[94]. - Research and development expenses amounted to HKD 381,323 in 2023, down from HKD 406,964 in 2022, showing a decline of about 6.3%[94]. - The sales and distribution expenses rose by approximately HKD 194.3 million to about HKD 2,266.7 million, primarily due to increased marketing and logistics costs[196]. Corporate Governance and Compliance - The company has complied with all code provisions of the Corporate Governance Code as of December 31, 2023[46]. - The company will issue its annual report containing all information required by the listing rules, which will be sent to shareholders and uploaded to the company's website[52]. - The company confirmed compliance with the trading standards set out in the standard code for directors' securities transactions during the year ended December 31, 2023[47]. - The company plans to amend its articles of association to comply with new electronic communication regulations effective from December 31, 2023[25]. - The company has not experienced any significant events requiring additional disclosure or adjustment after the reporting period up to the announcement date[43]. Strategic Initiatives and Future Outlook - The company plans to continue strategic investments to maintain global competitiveness amid geopolitical and inflationary pressures[187]. - The company continues to invest strategically in innovation and digital infrastructure to maintain global competitiveness[175]. - Evenflo aims to enhance its digital channels and consumer recognition of innovative products to drive market share growth[188]. - CYBEX will expand its market share through new product launches and enhanced supply chain capabilities in key regions[188]. - The geopolitical conflicts and economic adjustments have created significant uncertainty, impacting consumer confidence and the overall macro environment[173].
好孩子国际(01086) - 2023 - 年度业绩