Financial Performance - For the fiscal year ending December 31, 2022, the total revenue recorded by the company was approximately HKD 1,198,800,000, an increase of about 0.3% compared to HKD 1,195,100,000 for the fiscal year ending December 31, 2021[23]. - The gross profit grew by approximately 5.4% to about HKD 287,400,000, up from HKD 272,800,000 in the previous fiscal year[23]. - The net profit for the fiscal year 2022 was approximately HKD 605,100,000, a significant increase of about 421.9% compared to HKD 115,900,000 in the fiscal year 2021[23]. - The basic earnings per share for the fiscal year 2022 were HKD 0.0798, down from HKD 0.0849 in the previous fiscal year[23]. - The net profit included a fair value gain (after deferred tax impact) of approximately HKD 1,203,600,000, compared to HKD 955,500,000 in the previous fiscal year[23]. - The company reported a net exchange gain of approximately HKD 358,100,000 for the fiscal year 2022, compared to a net exchange loss of HKD 139,000,000 in the previous fiscal year[23]. - The total revenue for the fiscal year ending December 31, 2022, was approximately HKD 1,198.8 million, a slight increase of 0.3% from HKD 1,195.1 million in the previous fiscal year[34]. - The net profit for the fiscal year 2022 was approximately HKD 605.2 million, a significant increase of approximately HKD 489.3 million compared to HKD 115.9 million in the previous year[34]. - The group reported a net profit of approximately HKD 605.2 million for the fiscal year 2022, an increase of approximately HKD 489.3 million from approximately HKD 115.9 million in the fiscal year 2021[46]. Revenue Segments - Revenue from the environmental segment increased by HKD 32.2 million, reaching HKD 705.0 million, which accounted for 58.8% of total revenue[35]. - The property segment revenue increased by 46.5% to HKD 14.5 million, while the automotive parts segment saw a decrease of 34.8% to HKD 141.0 million[35]. - Environmental segment revenue increased from approximately HKD 672,800,000 in fiscal year 2021 to approximately HKD 705,000,000 in fiscal year 2022, representing a growth of 4.8%[50]. - Automotive parts segment revenue decreased by approximately 34.8% to about HKD 141,000,000 in fiscal year 2022, down from approximately HKD 216,200,000 in fiscal year 2021[51]. - Commercial printing segment revenue slightly increased by about 1.4% to approximately HKD 59,100,000 in fiscal year 2022, compared to HKD 58,300,000 in fiscal year 2021[52]. - Department store segment recorded revenue of approximately HKD 146,300,000 in fiscal year 2022, up from HKD 95,000,000 in fiscal year 2021, but incurred a loss of approximately HKD 33,600,000[53]. - Latin America and Caribbean segment generated revenue of HKD 5,900,000 from consulting services under the CBI plan, with a segment profit of approximately HKD 1,799,800,000 due to fair value changes of investment properties[54]. Investment Opportunities - The company plans to expand its investment opportunities in the Caribbean and Latin America, targeting four additional Caribbean countries for investment[25]. - The company is seeking professional investors to co-invest in projects in designated Caribbean countries and Panama[25]. - The company is exploring new potential investment opportunities in various sectors, including clean energy, education, tourism, and retail[25]. - The company holds a 51% interest in the Laiying Garden urban renewal project in Nanshan District, Shenzhen, which is a high-end residential and commercial development[27]. - The company holds a 70.5% interest in the Grenada project, which spans 450 acres (approximately 1,821,084 square meters) and includes various developments such as educational facilities and residential villas[32]. - The company has developed infrastructure for the Grenada project, including power, water, and road access, and has transitioned two plots of land from investment properties to development properties[32]. - The Grenada project represents a significant opportunity for the company to diversify its operations in the Caribbean and Latin America, leveraging foreign investment through the CBI program[78]. - The company has identified four investment sectors for collaboration with local governments: clean energy, education, tourism, and retail, to enhance economic development and job creation[84]. Financial Position - The total balance of receivables was approximately HKD 458.9 million as of December 31, 2022, compared to HKD 207 million as of December 31, 2021[41]. - The group’s interest-bearing borrowings amounted to approximately HKD 12,950,000,000 as of December 31, 2022, compared to HKD 11,608,900,000 as of December 31, 2021, resulting in a capital debt ratio of approximately 358.5%[55]. - The total net asset value of the group was approximately HKD 8,512,000,000 as of December 31, 2022, down from HKD 10,184,000,000 a year earlier[57]. - The total outstanding margin financing loans to clients amounted to HKD 457,200,000 as of December 31, 2022, an increase of 65.5% from HKD 276,200,000 as of December 31, 2021[62]. - The company’s guarantees for loans to subsidiaries amounted to approximately HKD 57,900,000 as of December 31, 2022, with certain investment properties serving as collateral[58]. Operational Challenges - Other income decreased from HKD 53.3 million in the previous year to HKD 33.4 million in the fiscal year 2022, primarily due to a reduction in bank interest income[37]. - The commercial printing segment recorded a loss for the fiscal year 2022 due to reduced demand amid the pandemic, necessitating further efforts to strengthen customer relationships[76]. - The department store segment was affected by the ongoing pandemic, with one store closure during the fiscal year, but anticipates a rebound in the local retail market as restrictions ease[77]. - The automotive parts segment faced adverse demand impacts due to lockdown policies in certain Chinese cities, but the company remains optimistic about future prospects as pandemic restrictions ease[75]. Corporate Governance - The board of directors includes independent non-executive directors, ensuring compliance with independence standards[111]. - The company has maintained a consistent governance structure with no service contracts for directors that cannot be terminated within one year[112]. - The board is committed to maintaining high standards of corporate governance to ensure satisfactory and sustainable returns for shareholders[131]. - The group has complied with all applicable corporate governance code provisions during the year ending December 31, 2022[132]. - The board's independent non-executive directors account for more than one-third of the board, ensuring independent opinions and judgments[142]. Environmental Sustainability - The company is committed to integrating environmental sustainability into its business operations and reducing its environmental impact[175]. - The company has implemented various energy-saving measures to achieve its greenhouse gas emissions targets for the fiscal year 2023[178]. - The company aims to maintain the greenhouse gas emissions density at the level of approximately 3.92 tons of CO2 equivalent per employee, consistent with the previous fiscal year[178]. - The company has installed gas collection and extraction devices at its plastic recycling facility in Japan to minimize emissions from waste processing[176]. - Total greenhouse gas emissions decreased to 1,818.16 tons CO2 equivalent in 2022 from 2,040.92 tons in 2021, representing a reduction of approximately 10.9%[179]. Employee and Workforce Management - The company employed a total of 478 employees as of December 31, 2022, with 295 in Hong Kong, 135 in China, 29 in Japan, and 19 in Grenada[98]. - Employee compensation policies are reviewed regularly based on market benchmarks, financial performance, and individual employee performance[95]. - The gender distribution of employees is 227 males and 251 females, indicating a female representation of approximately 52.5%[199]. - The company emphasizes the importance of talent acquisition, retention, and development to maintain market competitiveness[200]. Shareholder Information - The company reported no interim or final dividends for the fiscal year ending December 31, 2022[108]. - The top five customers accounted for 49.0% of the total revenue, with the largest customer contributing 21.7%[110]. - The top five suppliers represented 75.4% of total procurement, with the largest supplier accounting for 53.0%[110]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the fiscal year[109].
伟禄集团(01196) - 2022 - 年度财报