Financial Performance - Revenue for 2022 was HK$6,107 million, an increase from HK$5,761 million in 2021, representing a growth of 6%[7] - Profit for the year decreased to HK$257 million in 2022 from HK$358 million in 2021, a decline of 28%[7] - Gross profit margin (GP%) for 2022 was 19%, down from 22% in 2021[7] - Basic earnings per share (EPS) for 2022 was HK$1.44, compared to HK$1.34 in 2021, indicating an increase of 7.5%[6] - Profit before taxation for 2022 was HK$285 million, down from HK$421 million in 2021, a decrease of 32%[7] - The basic and diluted earnings per share were both HK$1.09, down from HK$1.51 in 2021[13] - Profit for the year decreased by 28% to HK$257 million, primarily due to the decline in gross profit margin, although mitigated by effective control over operating costs[61] Assets and Liabilities - Total assets increased to HK$3,801 million in 2022, compared to HK$3,676 million in 2021, reflecting a growth of 3.4%[8] - Total liabilities increased to HK$842 million in 2022 from HK$795 million in 2021, an increase of 5.9%[8] - Equity attributable to shareholders rose to HK$2,959 million in 2022, up from HK$2,881 million in 2021, an increase of 2.7%[8] - The equity-debt ratio remained at 100:0, indicating no net debt[10] Dividends - The company declared a dividend per share (DPS) of HK$0.50 for 2022, consistent with the previous year[6] - The total dividend for the year remained stable at HK$0.48 per share, with a total payout of HK$116,810,000[14] Business Strategy and Operations - The company plans to focus on expanding its product offerings and enhancing market presence in the coming year[4] - The Group's flour business is focused on strategic expansion to enhance its position as a bakery solutions provider[18] - Cost control measures and disciplined price increases were implemented to mitigate high-cost pressures in various business segments[19] - The homecare business maintained its market leader position in the dishwashing detergent segment, supported by new product introductions and online shopping demand[22] - The Group inaugurated a new Specialty Fats factory in Jintan, aiming to leverage existing product portfolios and customer bases[18] - The Group's revenue increased by 6% to HK$6,107 million for the financial year ended 30 June 2022, driven by volume growth, price adjustments, and sales mix improvement[29] Market Conditions - Market competition intensified in the core Guangdong market, leading to expedited regional expansion into less-developed cities[43] - The company has begun lifting prices of core products across major channels to mitigate against an inflationary environment[51] - The outlook remains cautious due to continued volatility in the business environment, but there is cautious optimism for stabilization and improvement in the medium term[52] Sustainability and ESG Initiatives - The Group established an ESG task force to manage sustainability practices and climate-related risks[23] - The Group's ESG performance is guided by a formalized governance structure established in November 2020, overseen by the Board of Directors[106] - The Group aims to enhance its ESG performance by regularly communicating with stakeholders and understanding their expectations[120] - The Group's commitment to sustainability is reflected in its structured approach to risk management, ensuring that ESG issues are integrated into daily operations and decision-making[112] - The Group established a Climate Change Policy to commit to mitigating and adapting to the impacts of climate change[133] Environmental Impact - The Group's greenhouse gas emissions amounted to 41,398.18 tonnes of CO2 equivalent, with an overall intensity of 0.05 tCO2e per tonne of production volume[149] - The Group's energy consumption during the reporting period was 66,819,191.40 kWh, with an overall energy intensity of 77.79 kWh per tonne of production volume[149] - The Group aims to reduce waste and improve resource efficiency, embedding environmental care into its culture[136] - The Group's operational sites have installed on-site wastewater treatment facilities for advanced sewage treatments[170] Waste Management - The Group has implemented a "Waste Management Procedure" to facilitate better classification of wastes for storage and disposal[182] - The Group aims to achieve a 100% diversion rate for non-hazardous waste by 2025[188] - Over 76.3% of non-hazardous wastes were recycled during the reporting period, achieving 100% recycling rates for scrap metal, waste paper, and waste plastic[180] Water Consumption - The Group's total water consumption during the reporting period was 190,290 m³, with a water intensity of 0.21 m³ per tonne of production volume[173] - The home care product plant treated and reused 40% of its wastewater for flushing purposes[173] - The Group aims to reduce water intensity in its manufacturing plants by 3% by 2025, with a target of 0.17 m³ per tonne of production volume[178]
南顺(香港)(00411) - 2022 - 年度财报