数码通电讯(00315) - 2023 - 年度业绩

Financial Performance - Service revenue increased by 1% despite intense market competition [2] - Shareholders' profit attributable increased by 4% to $470,000,000 after excluding potential financial investment loss provisions of $201,000,000 [3] - Shareholders' profit decreased by $154 million to $269 million, primarily due to expected credit losses of $201 million [8] - Service revenue increased by 1% to $4,546 million, driven by a recovery in roaming income [8] - Total revenue decreased to $6,763 million from $6,957 million, reflecting weak demand for flagship smartphones [8] - Operating profit for the year was $702,434,000, a decline of 5.5% compared to $743,622,000 in 2022 [17] - Net profit attributable to shareholders was $268,846,000, down 36.5% from $423,170,000 in the previous year [17] - Basic and diluted earnings per share decreased to 24.3 cents from 38.2 cents in 2022 [17] Revenue Sources - ARPU for mobile service plans remained stable at $224; 5G service customer penetration reached 37% as of July 2023, up 9 percentage points from June 2022 [3] - Roaming revenue grew by 49%; revenue from 5G home broadband services increased by over 100% [2] - The 5G home broadband business is expected to continue its growth trajectory, driven by demand from households without fiber network coverage [4] Dividends and Shareholder Returns - The board proposed a final dividend of 17.5 cents per share, totaling 32.0 cents for the year, representing 75% of the company's basic profit [5] - The proposed final dividend for the year ending June 30, 2023, is 17.5 cents per share, an increase from 15.5 cents in 2022, bringing the total dividends for the year to 32.0 cents per share [49] - The company plans to pay the proposed final dividend on November 17, 2023, subject to shareholder approval at the upcoming annual general meeting [49] Financial Position - The company has a strong net cash position of $1,100,000,000 and robust operating cash flow supporting sustainable long-term growth [2] - Net cash flow from operating activities was $2,254 million, with net cash increasing by $459 million to $1,089 million [10] - The group maintained a strong financial position with total equity of $5,084 million as of June 30, 2023 [10] - Total current liabilities decreased to $2,704,204,000 from $4,091,428,000 in 2022 [20] - Total equity as of June 30, 2023, was $5,084,487,000, down from $5,153,784,000 in the previous year [20] Costs and Expenses - Cost of goods sold decreased by 8% to $2,199 million, attributed to reduced sales of smartphones and accessories [8] - Employee costs rose by 12% to $731 million, due to annual salary adjustments and increased investment in human resources [8] - The actual tax rate increased to 40.7% from 29.5%, influenced by non-deductible spectrum usage fees [9] - Total income tax expense for 2023 was $184,537,000, compared to $176,891,000 in 2022, reflecting an increase of about 4.7% [36] Credit and Risk Management - The expected credit loss recorded was $201 million, reflecting changes in credit risk of financial assets measured at amortized cost [9] - The expected credit loss for financial assets measured at amortized cost increased significantly to $201,257,000 in 2023 from $31,000,000 in 2022, highlighting a substantial rise in credit risk [35] - The impairment loss on accounts receivable for the year ending June 30, 2023, was $2,954,000, up from $1,284,000 in 2022 [46] - The company has maintained appropriate and effective risk management and internal control systems for the year ending June 30, 2023 [53] Future Outlook and Strategy - The company anticipates continued intense competition in the mobile communications industry and plans to invest in growth areas [6] - The company aims to leverage new technologies and collaborate closely with its parent company to accelerate smart city development [6] - The company expects no significant impact on its performance and financial position from the newly adopted accounting standards effective from January 1, 2023 [28] Asset Management - Total non-current assets as of June 30, 2023, were $8,496,421,000, a decrease from $9,179,727,000 in 2022 [19] - Total classified assets as of June 30, 2023, were $10,898,943,000, compared to $12,581,132,000 in 2022, reflecting a decrease of approximately 13.4% [32] - Total financing costs decreased to $132,693,000 in 2023 from $145,440,000 in 2022, representing a reduction of approximately 8.7% [34] Shareholder Actions - The company repurchased 359,500 shares during the year ending June 30, 2023, at a total cost of $1,463,000 [51] - The group issued 8 million new stock options during the year, with 1.2 million options exercised [15] Governance and Compliance - The company aims to continue monitoring and reviewing its corporate governance practices to ensure compliance with the corporate governance code [54] - The independent auditor's report for the consolidated financial statements for the year ending June 30, 2023, was unqualified, indicating no significant issues were found [48]