Financial Performance - The company reported a revenue of HKD 1,372,184,000 for the year, representing a 10.7% increase from HKD 1,239,276,000 in the previous year[6] - Gross profit increased by 19.5% to HKD 868,327,000, up from HKD 726,500,000[6] - Operating profit rose by 45.6% to HKD 240,848,000 compared to HKD 165,408,000 in the prior year[6] - Net profit for the year was HKD 221,043,000, a 49.1% increase from HKD 148,286,000[6] - Basic and diluted earnings per share increased to HKD 22.51, up 49.1% from HKD 15.10[6] - The company declared a total dividend of HKD 11.0 per share, a 15.8% increase from HKD 9.5 in the previous year[6] - Cash and bank balances stood at HKD 1,351,214,000, an increase of 9.2% from HKD 1,237,817,000[6] Profitability and Margins - The overall gross profit increased by approximately 20% to HKD 868,327,000 from HKD 726,500,000, with a gross margin of 51.7%, down from 52.8% last year[22] - Operating profit for the year was HKD 240,848,000, up about 46% from last year's HKD 165,408,000, resulting in an operating margin of approximately 18%, compared to 13% last year[27] - Net profit attributable to the company's owners was HKD 221,043,000, a rise of about 49% from HKD 148,286,000 last year[25] Revenue Sources - Domestic apparel sales revenue was HKD 1,031,030,000, an increase of about 11% year-on-year, with a 4% increase when calculated in RMB[29] - The revenue from operating rights for various products increased by approximately 22% to HKD 124,898,000, compared to the previous year[30] - The apparel business recorded sales of HKD 29,316,000, a decrease of approximately 16% compared to last year's HKD 34,831,000[33] Expenses and Costs - The total sales cost for the year was HKD 503,857,000, a decrease of 2% compared to the previous year[21] - Total expenses for the year decreased by about 45% to HKD 15,188,000 from HKD 27,395,000 last year[34] Investment Properties - The total value of the investment property portfolio at year-end was approximately HKD 2,994,394,000, an increase from HKD 2,950,107,000 last year[36] - The net rental income from investment properties was HKD 664,000, up from HKD 336,000 last year, contributing to a profit of HKD 8,802,000 compared to a loss of HKD 14,547,000 last year[34] - Rental and property management fee income amounted to HKD 147,009,000 and HKD 39,931,000, respectively, representing an overall increase of about 8%[37] Corporate Governance - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a diverse range of expertise and experience[183] - All independent non-executive directors have confirmed their independence in accordance with the listing rules, and the board believes they provide sufficient checks and balances to protect shareholders' interests[186] - The board held a total of four meetings during the year, discussing overall group strategy, monitoring financial and business performance, and approving financial reports and significant contracts[188] - Attendance rate for the board meetings was 100% for all directors, indicating strong engagement and commitment[189] Environmental, Social, and Governance (ESG) - The company is committed to adhering to environmental, social, and governance reporting guidelines, ensuring transparency and accountability in its operations[67] - A total of 19 significant environmental, social, and governance (ESG) issues were identified as important for the company's operations[86] - The company received over 80 valid responses from stakeholders during the ESG consultation process, which helped shape its strategies[86] Employee Welfare and Training - As of December 31, 2021, the company employed a total of 1,682 employees, with an additional 386 contractors[112] - The employee turnover rate for the company was 20% in 2021, down from 22% in 2020[113] - The company provided medical insurance for full-time employees, covering doctor visits, outpatient services, and hospitalizations[116] Sustainability Initiatives - The company aims to reduce energy consumption by 16.7% per HKD 100,000 revenue by 2030, compared to the 2020 baseline[135] - The greenhouse gas emissions target is to reduce emissions by 28% per HKD 100,000 revenue by 2030, compared to the 2020 baseline[135] - The company has implemented energy-saving measures, including replacing traditional lights with LED and optimizing consumption through data monitoring[135]
金利来集团(00533) - 2021 - 年度财报