Financial Performance - The company reported a revenue of HKD 1,082,637,000 for the year ended December 31, 2021, representing a 20.1% increase from HKD 901,141,000 in 2020[13] - Gross profit increased by 25.9% to HKD 441,977,000, up from HKD 351,159,000 in the previous year[13] - Net profit attributable to shareholders surged by 420.3% to HKD 55,092,000, compared to HKD 10,588,000 in 2020[13] - Basic earnings per share rose to HKD 0.07, a 600.0% increase from HKD 0.01 in the prior year[13] - The company declared a final dividend of HKD 0.06 per share, a 50.0% increase from HKD 0.04 in 2020[13] - The gross margin improved to 40.8%, up from 39.0% in the previous year, while the net margin increased to 5.1% from 1.2%[13] - The group's consolidated revenue for the fiscal year ended December 31, 2021, was approximately HKD 1,082,637,000, an increase of about HKD 181,496,000 or 20.1% compared to the previous year[21] - The profit attributable to the company's owners was approximately HKD 55,092,000, representing a significant increase of 420.3% from the previous year's profit of approximately HKD 10,588,000[21] - Gross profit increased by approximately 25.9% to about HKD 441,977,000 due to increased sales[25] Expenses and Costs - Distribution and selling costs rose by approximately 10.8% to about HKD 174,590,000, primarily due to increased royalty expenses[26] - Administrative expenses increased by approximately 21.9% to about HKD 154,169,000, mainly due to higher salaries, rent, and depreciation[27] - Research and development expenses decreased by approximately 6.6% to about HKD 21,529,000 due to fewer resources allocated for toy product development[31] Financial Ratios and Stability - The capital debt ratio decreased to 0.7%, down from 1.1%, indicating improved financial stability[13] - The current ratio was reported at 3.2, a decrease of 17.9% from the previous year, while the quick ratio fell to 1.7, down 26.1%[13] - Trade receivables decreased by approximately 20.4% to about HKD 185,482,000, attributed to faster collection of receivables[32] - The group's total assets as of December 31, 2021, were approximately HKD 1,416,142,000, an increase from HKD 1,374,342,000 in the previous year[42] - The capital debt ratio decreased to 0.7% from 1.1% in the previous year due to reduced bank borrowings[39] Market Performance - The group's revenue from the United States increased by approximately HKD 136,597,000 or 20.2% to about HKD 814,094,000 this year[51] - Revenue from the Canadian market rose by approximately HKD 22,435,000 or 30.5% to about HKD 95,983,000 this year[53] - European revenue increased by approximately HKD 10,281,000 or 13.1% to about HKD 88,931,000 this year[55] - Revenue from the South American market grew by approximately HKD 5,020,000 or 71.3% to about HKD 12,065,000 this year[62] Workforce and Operations - The company operates four factories in Vietnam and employs approximately 5,600 staff across various regions including Hong Kong, China, and the United States[8] - The group's employee count decreased to approximately 5,600 from 6,600 in the previous year[63] - The group continues to maintain existing distributors and customers, including Walmart, Costco Canada, and Amazon[54] - The group is focusing on new toy product brands such as "CAT," "Fart Ninjas," and "Bright Fairy Friends" with new sales plans[50] - The group is optimizing supply chain processes and increasing automation to enhance production capacity and quality[49] - The group aims to sustain its major brand licensing business while enriching other product lines[51] Environmental Commitment - The total greenhouse gas emissions for the reporting year amounted to 18,807.05 tons of CO2 equivalent, an increase from 15,309.21 tons in the previous year, representing a year-over-year increase of approximately 22.5%[164] - The primary source of greenhouse gas emissions was indirect emissions from purchased electricity, accounting for 99.79% of total emissions at 18,768.46 tons, compared to 99.7% in the previous year[165] - The company has implemented energy-saving measures, including the use of infrared nano heating barrel injection machines and hydraulic servo motors, to reduce carbon emissions[160] - The company is committed to enhancing the efficiency of energy, water, and material usage while adhering to local environmental regulations and international standards[161] - The company has established management mechanisms to minimize operational impacts on the environment and ensure sustainable development[160] - The company engages with stakeholders to gather feedback on environmental, social, and governance issues through various platforms[156] - The company’s board regularly reviews and supervises its environmental, social, and governance policies to align with relevant laws and regulations[157] Corporate Governance - The board of directors consists of five executive directors and three independent non-executive directors, with at least one-third being independent[86] - The company has adopted a corporate governance code in compliance with the Hong Kong Stock Exchange's listing rules[85] - The roles of the chairman and CEO are separated, with Zheng Rongbin as chairman and Ye Xiaoxia as CEO[92] - Independent non-executive directors have confirmed their independence according to applicable listing rules[89] - The company has established committees to assist the board in fulfilling its responsibilities[86] - The board is responsible for strategic development and monitoring business operations to enhance shareholder value[86] - The company ensures that all directors receive sufficient and reliable information for informed decision-making[93] - All directors participated in continuous professional development to ensure they are well-informed and can contribute effectively to the board[5] Safety and Labor Practices - The company maintains a strict policy against child and forced labor, adhering to applicable labor laws in Vietnam[197] - The number of work-related injuries resulting in more than 3 days off decreased to 9 in 2021 from 16 in 2020, representing a 43.75% reduction[190] - The total number of workdays lost due to injuries was 70 in 2021, down from 228 in 2020, indicating a significant improvement in workplace safety[190] - The total training hours per factory employee remained at 4 hours in both 2021 and 2020[193] - The total number of factory employees trained in 2021 was 4,940, down from 5,326 in 2020, indicating a reduction of approximately 7.25%[193] Supplier Management - The company has approximately 500 suppliers across regions including Hong Kong, China, and Vietnam[199] - Supplier evaluation criteria include production processes, quality management systems, compliance, operational capabilities, and pricing to ensure cost-effective procurement[200]
MATRIX HOLDINGS(01005) - 2021 - 年度财报