Financial Performance - Total revenue for the fiscal year ending April 30, 2022, was HKD 2,008.97 million, a decrease from HKD 2,103.53 million in 2021[10] - Gross profit margin improved to 34.0% in 2022, up from 30.1% in 2021[10] - Net profit for the year was HKD 39.88 million, compared to HKD 32.32 million in the previous year, reflecting a growth of 23.9%[10] - Total assets decreased to HKD 919.52 million in 2022 from HKD 983.42 million in 2021[10] - The company's earnings per share increased to HKD 5.99 from HKD 4.85, representing a growth of 23.5%[10] - Revenue decreased by 4.5% to HKD 2,008,967,000 (2021: HKD 2,103,529,000) [14] - Annual profit increased by 23.4% to HKD 39,884,000 (2021: HKD 32,324,000) [14] - Basic earnings per share rose to HKD 0.0599 (2021: HKD 0.0485) [14] - Net cash inflow from operating activities was HKD 307,108,000 (2021: HKD 355,915,000) [14] - Cash flow from operating activities was HKD 307,108,000 in 2022, down from HKD 355,915,000 in 2021[38] Retail Business Performance - Retail business segment revenue was HKD 1,922,315,000 (2021: HKD 2,025,544,000), a decline of approximately 5.1% [23] - Retail segment gross profit was HKD 676,619,000 (2021: HKD 664,874,000) with a gross profit margin of 35.2% (2021: 32.8%) [23] - Retail segment sales increased by 3.6% to HKD 478,245,000 in 2022, compared to HKD 461,350,000 in 2021[27] - Operating profit for the retail segment decreased by 36.2% to HKD 98,202,000 in 2022, down from HKD 153,891,000 in 2021[27] - Total inventory value for retail business was HKD 102,212,000 (2021: HKD 174,898,000), a decrease of 42% [24] Financial Ratios and Health - The current ratio improved to 0.98 in 2022 from 0.87 in 2021, indicating better short-term financial health[10] - The interest coverage ratio significantly increased to 33.66 from 15.94, showing improved ability to meet interest obligations[10] - The debt-to-equity ratio decreased to 0.04 in 2022 from 0.28 in 2021, indicating a stronger equity position[10] - Total bank borrowings decreased by 85.8% to HKD 18,386,000 as of April 30, 2022, from HKD 129,760,000 in 2021[32] - Financial expenses reduced by 22% to HKD 13,543,000 in 2022, down from HKD 17,316,000 in 2021[34] Corporate Governance and Shareholder Relations - The company aims to maintain steady long-term investment returns for shareholders while improving corporate governance through capital market oversight[3] - Proposed final dividend of HKD 0.01 per share (2021: HKD 0.009) pending shareholder approval [15] - The company proposed a final dividend of HKD 0.10 per share for the year ending April 30, 2022, compared to HKD 0.09 per share in 2021, pending shareholder approval[79] - As of April 30, 2022, the company had approximately HKD 131,338,000 in paid-up capital and HKD 9,286,000 in retained earnings available for distribution to shareholders[82] - The company has not repurchased any of its listed shares during the year ending April 30, 2022[84] Market and Strategic Adaptation - The company continues to adapt its strategies in response to the fluctuating market environment due to the pandemic [22] - The company anticipates facing more unknown challenges in the retail sector due to ongoing global uncertainties, including the COVID-19 pandemic and international political tensions[45] - The management believes that the local market has adapted to living under the pandemic, and they expect a return to normalcy as the pandemic subsides[46] - The company plans to focus on finding suitable retail locations in commercial areas to expand its store network, as opportunities in residential areas are limited[46] - The company will adjust its product mix to refocus on snacks and leisure foods in anticipation of the post-pandemic era[46] Sustainability and Environmental Impact - The company is committed to sustainable business development and long-term returns for shareholders, considering overall financial status and future operational needs when declaring dividends[159] - The total amount of non-hazardous waste generated during the reporting period was approximately 65 tons, a decrease from 73 tons in 2021, with a density of 0.0339 tons per million HKD revenue compared to 0.0359 tons in 2021[176] - The total energy consumption during the reporting period was 21,441,000 kWh, an increase from 20,864,000 kWh in 2021, with energy consumption density rising to 11,154 kWh per million HKD revenue from 10,300 kWh in 2021[182] - The company has committed to maintaining indoor temperatures between 24 to 26 degrees Celsius to reduce electricity consumption[181] - The company has eliminated all pre-Euro 5 trucks from its fleet to reduce emissions and has installed GPS systems in all delivery vehicles to enhance operational efficiency[183] Employee and Workforce Management - The group employed approximately 1,500 staff as of April 30, 2022, down from 1,600 in 2021[44] - The average monthly employee turnover rate increased to 4.1%, up from 3.3% in 2021, representing an increase of approximately 0.8 percentage points[200] - The company employed a total of 855 employees as of April 30, 2022, down from 888 employees in 2021[196] - Female employees accounted for 68.2% of the workforce, while male employees made up 31.8%[196] - The company emphasizes equal opportunity employment and regularly reviews compensation to attract and retain employees[78] Board and Management Structure - The company’s board of directors includes key executives such as the Chairperson and Managing Director, who holds 4,194,611 shares, representing 0.63% of the issued share capital[94] - The company’s significant shareholder, Lin Guozhong, holds 442,295,660 shares, accounting for 66.39% of the issued share capital[94] - The board consists of 3 executive directors and 3 independent non-executive directors, with independent directors making up half of the board[122] - The board meets at least 4 times a year to review the group's financial and operational performance[126] - The company has adopted the corporate governance code and has complied with its principles, with the exception of the separation of roles between the Chairman and CEO[118]
CEC INT'L HOLD(00759) - 2022 - 年度财报