Electric Vehicle Market Growth - Global sales of new electric vehicles reached 10.5 million units in 2022, a year-on-year increase of 55%[6] - In China, sales of pure electric vehicles and plug-in hybrid electric vehicles grew by 82% to over 6.1 million units, representing approximately 59% of global sales[6] - The electric vehicle market in China accounted for approximately 64% of global production in 2022[6] - The global electric vehicle market is projected to grow from USD 278.75 billion in 2022 to USD 365.72 billion in 2023, with a compound annual growth rate (CAGR) of 31.2%[40] - The Chinese government has extended the vehicle purchase tax exemption for eligible new energy vehicles until the end of 2023, supporting industry growth[7] Luxury and Supercar Market - The luxury car market was valued at $461.24 billion in 2022, with a projected compound annual growth rate of 4.90%, reaching $614.59 billion by 2028[9] - The top supercar market is expected to grow at a compound annual growth rate of 10.5%, reaching $31.78 billion by 2030[8] - The demand for high-performance and luxury experiences continues to drive growth in the top supercar industry[8] - The introduction of electric technology and advancements in design are expected to propel the top supercar industry in the coming years[8] Company Financial Performance - The company reported a revenue increase of approximately 46.6%, rising from about HKD 528.6 million to approximately HKD 774.9 million for the fifteen months ending December 31, 2022[45] - The mobility services segment generated revenue of approximately HKD 218.8 million, up from HKD 104.8 million in the previous period, driven by authorized income from the vehicle platform and outsourced engineering services[45] - The gross profit for the period was approximately HKD 159.7 million, with a gross margin of about 20.6%, down from 24.9% in the previous period due to reduced margins on jewelry and other products[45] - Operating profit for the same period was HKD 289,185,000, a significant recovery from a loss of HKD 349,386,000 in the previous year[91] - The group's revenue for the fifteen months ended December 31, 2022, was HKD 774,888,000, representing a 46.6% increase compared to HKD 528,559,000 for the year ended September 30, 2021[91] Strategic Developments and Partnerships - The company aims to leverage its partnership with WM Motor to develop luxury smart electric vehicles and future mobility technologies, creating an advanced mobility ecosystem[42] - The company has entered into an investment agreement with Shanghai United Investment Co., Ltd. to develop and produce a luxury electric vehicle model, enhancing its commercial capacity[32] - The company is developing an advanced luxury mobility ecosystem in collaboration with strategic partners, enhancing its automotive value chain services[20] - The company solidified its position in the high-end mobility sector by developing its own brand of luxury electric vehicles, with WM Motor becoming the largest shareholder in 2022[12] Corporate Governance and Management - The company has adopted the corporate governance code as per the listing rules, ensuring high standards of business ethics and governance practices[167] - The board held a total of 8 meetings and 2 shareholder meetings during the reporting period, with full attendance from key members[173] - The company emphasizes continuous professional development for directors, ensuring they stay updated on relevant laws and regulations[176] - The company is committed to enhancing its internal controls and procedures in line with regulatory changes and best practices[167] - The company has a governance committee responsible for developing and reviewing corporate governance policies since November 24, 2017[177] Employee and Operational Insights - The company is committed to providing competitive compensation and development opportunities for employees, enhancing overall performance[82] - As of December 31, 2022, the group had 139 employees, down from 193 as of September 30, 2021[72] - The gender ratio among the group's employees, including senior management, is approximately 2.6:1 (male to female) as of December 31, 2022[197] - The company aims to enhance gender diversity among senior staff by providing relevant training and support[197] Risk Management - The group identified significant operational risks primarily associated with its assets located in China, which could impact future performance[86] - Financial risks are managed as detailed in the financial statements, indicating a structured approach to risk management[87] Shareholder Information - As of December 31, 2022, the total number of issued shares of the company was 9,613,098,562[123] - The percentage of equity held by the chairman, Mr. He Jingfeng, is 1.66%, with a total of 159,352,000 shares[121] - Mr. Shen Hui, as the founder of a discretionary trust, holds 23.67% of the equity, amounting to 2,275,545,343 shares[121] Future Outlook - The company plans to focus resources on developing high-performance supercars and luxury smart electric vehicles, following the sale of its watch wholesale and lending businesses for HKD 50 million and HKD 408 million, respectively[38] - The company in the future will continue to focus on the expansion of the smart electric vehicle market and technological innovation[154] - The company will continue to optimize its financial structure to support future growth strategies and investment plans[163]
APOLLO出行(00860) - 2022 - 年度财报