Financial Performance - Revenue for FY2022 was HK$127,730,000, a decrease of 1.9% from HK$132,250,000 in FY2021[17] - Gross profit increased to HK$57,924,000, up 6.4% from HK$54,510,000 in FY2021[17] - Profit before taxation for FY2022 was HK$41,432,000, slightly down from HK$41,866,000 in FY2021[17] - Profit for the year decreased to HK$34,929,000 from HK$35,086,000 in FY2021, reflecting a decline of 0.4%[17] - Total comprehensive income for the year was HK$30,034,000, down 17.6% from HK$36,457,000 in FY2021[17] - Total revenue for the financial year ended 31 December 2022 was approximately HK$127.7 million, a decrease of 3.4% from HK$132.3 million in 2021[39] - Net profit attributable to equity holders for 2022 was approximately HK$34.9 million, slightly down from HK$35.1 million in 2021[39] - Basic and diluted earnings per share for 2022 were approximately HK8.7 cents, compared to HK8.8 cents in 2021[39] Revenue Breakdown - Revenue from slewing rings (ODM) increased by 64.6% to HK$56.8 million in 2022, up from HK$34.5 million in 2021[20] - Revenue from mechanical parts and components decreased by 26.6% to HK$25.1 million in 2022, down from HK$34.2 million in 2021[20] - Revenue from machineries decreased by 30.2% to HK$27.3 million in 2022, compared to HK$39.1 million in 2021[20] - Revenue from slewing rings increased by approximately HK$59.0 million to HK$75.3 million for the year ended 31 December 2022, representing an increase of 27.8% compared to 2021[80] - Revenue from machineries and mechanical parts and components decreased by approximately 28.5% year-on-year or HK$20.9 million, from HK$73.3 million in 2021 to HK$52.4 million in 2022[85] Market Performance - Revenue from the Singaporean market increased by approximately 11.7% or HK$5.3 million to HK$51.2 million for the year ended 31 December 2022, compared to HK$45.9 million in 2021[97] - Revenue from the Malaysian market surged by approximately 79.4% or HK$8.3 million to HK$18.7 million for the year ended 31 December 2022, up from HK$10.4 million in 2021[97] - Revenue from the Vietnamese market rose by approximately 80.0% or HK$1.1 million to HK$2.5 million for the year ended 31 December 2022, compared to HK$1.4 million in 2021[100] Assets and Liabilities - Non-current assets increased to HK$26,422,000 from HK$19,045,000 in FY2021, representing a growth of 38.5%[17] - Current assets decreased to HK$122,766,000 from HK$125,155,000 in FY2021[17] - Current liabilities improved to HK$5,544,000 from HK$14,669,000 in FY2021, indicating a reduction of 62.3%[17] - Net current assets increased to HK$117,222,000 from HK$110,486,000 in FY2021[18] - Net assets rose to HK$143,565,000 from HK$129,531,000 in FY2021, showing an increase of 10.8%[18] Dividends - The Board recommends a final dividend of HK4.0 cents per share, totaling HK6.0 cents per share for the financial year ended 31 December 2022[40] - An interim dividend of HK2.0 cents per share, amounting to HK$8,000,000, was paid on December 12, 2022, consistent with the previous year[161] - The Board recommends a final dividend of HK4.0 cents per share, totaling HK$16,000,000 for the year ended December 31, 2022, compared to HK$8,000,000 for the previous year[162] Operational Developments - The Group plans to continue promoting its brand and providing high-quality products to seize more business opportunities in various regions[33] - The Group aims to enhance factory automation to mitigate the impact of rising labor costs and overheads in the PRC[50] - The Group has been developing new products and services, broadening its offerings to existing and new customers[45] - The Group is working on plans to enhance automation, including the installation of robotic arms and acquisition of an automatic packaging machine and CNC Coordinate Measuring Machine[135] - The Group plans to establish an ERP system, with an expected completion timeline in Q4 of 2023[135] Employee and Management - The Group increased its workforce in the sales department and hired a consultant for web design and promotion strategies to strengthen marketing efforts[133] - The Group aims to expand its finance department, having recruited a senior accountant and an accountant to accommodate business growth[137] - The Group has prepared training courses for personnel, with three employees awarded ISO quality management system certificates in 2020 and 2021[140] - In 2022, the Group engaged a training organization in Dongguan to provide training for new employees, with plans to resume scheduled trainings in 2023[141] Governance and Management Team - The management team includes experienced professionals with backgrounds in corporate finance and operational management, ensuring robust governance and strategic oversight[190] - The board of directors includes members with extensive experience in finance and corporate governance, contributing to effective decision-making processes[183] - The company emphasizes the importance of internal control and corporate governance in its operations[197] - The company is focused on maintaining high standards of accountability and performance through its governance structure[197]
永联丰控股(08617) - 2022 - 年度财报