Sales Performance and Growth Strategies - In 2022, the company's sales performance was significantly impacted by COVID-19 restrictions, with store closures and reduced operating hours affecting overall sales[11] - The company's own brand product sales improved compared to the previous year, indicating potential for further growth[11] - The company plans to enhance its e-commerce capabilities and promote the use of the "AEON App" to drive online sales growth and maintain customer loyalty[11] - New physical stores were opened in mainland China, contributing to growth and strengthening the company's presence in the Greater Bay Area[12] - The company anticipates a double-digit growth in the online retail market, focusing on strengthening its e-commerce business in 2023[12] - The company aims to implement three main strategies: product reform, digital transformation, and new store development, with a focus on increasing sales of higher-margin products[13] - The "AEON App" is set to officially launch in Hong Kong in 2023, expected to boost online supermarket business growth[13] - The company is committed to reducing reliance on consignment products and increasing sales of its own supply chain products through direct sales plans in mainland China and Hong Kong[13] Financial Performance - Hong Kong business revenue reached HKD 4,585.3 million, a 1.5% increase from HKD 4,516.2 million in 2021, with a segment loss of HKD 124.2 million compared to a loss of HKD 184.1 million in 2021[19] - China business revenue decreased by 1.0% to HKD 4,986.0 million from HKD 5,038.7 million in 2021, with a loss of HKD 117.5 million compared to a loss of HKD 265.0 million in 2021[23] - The group's total revenue for 2022 increased by 0.2% year-on-year to HKD 9,571.3 million, with a gross profit margin of 29.5%[30] - Other income decreased by HKD 34.9 million to HKD 52.2 million, primarily due to the impact of the COVID-19 pandemic on sub-tenant businesses[30] - The adjusted EBITDA for the year was a loss of HKD 60.8 million, an improvement from a loss of HKD 65.9 million in 2021[33] - The company recorded a loss attributable to equity holders of HKD 219.9 million, a reduction of HKD 250.1 million compared to a loss of HKD 470.0 million in 2021[31] Operational Efficiency and Investments - The company will invest approximately HKD 128 million in capital expenditures for new store openings, renovations, and digital transformation in 2023[29] - The company closed underperforming stores in Dongguan and Guangzhou to reduce financial burdens and improve operational efficiency[23] - The introduction of self-service cash machines and an upgraded AEON App aims to enhance customer service and operational efficiency[19][26] Environmental and Sustainability Initiatives - Aeon reported a total of 502 tons of direct carbon dioxide emissions from its store operations in 2022, primarily from kitchens and factories using gas[53] - Indirect carbon dioxide emissions from electricity consumption in stores amounted to 114,998 tons in 2022[54] - Aeon recycled a total of 1,625 tons of food waste in 2022, converting it into animal feed, electricity, and compost[56] - The company collected 86.3 tons of used cooking oil for recycling into biodiesel products in 2022[57] - The company aims to reduce greenhouse gas emissions and energy consumption through the adoption of energy-efficient systems and practices[58] Employee and Community Engagement - The company employed approximately 5,600 full-time and 3,800 part-time staff in Hong Kong and China as of December 31, 2022[36] - The average employee turnover rate for the year was 5.3%, with male turnover at 6.2% and female turnover at 5.0%[68] - The company has established various training programs to support employee development, including basic education and internal certification systems[73] - AEON donated approximately HKD 1.7 million to various charitable organizations benefiting the elderly, youth, disabled, and environmental protection during the year[90] - AEON provided food donations valued at HKD 800,000 to food banks operated by charitable organizations, directly assisting low-income families[91] Corporate Governance and Compliance - The board consists of 8 members, including 2 executive directors, 3 non-executive directors, and 3 independent non-executive directors, complying with the listing rules[107] - The company has adopted the corporate governance code as per the listing rules, ensuring compliance throughout the year[106] - The company emphasizes anti-corruption measures and requires all business partners to strictly adhere to its anti-corruption policies[88] - The audit committee reviews the group's financial statements, internal financial reports, risk management, and internal control systems, meeting with management and external auditors at least twice a year[137] Risk Management - The company has established a risk control self-assessment matrix focusing on ten major enterprise risk factors, which includes financial, operational, and compliance risks[153] - The internal audit team regularly reviews the internal control system and reports the audit results to management, with two reports submitted to the audit committee annually[155] - The board has reviewed the effectiveness of the risk management and internal control systems, ensuring they are adequate and effective[156]
永旺(00984) - 2022 - 年度财报