Financial Performance - Revenue decreased by 19% to HKD 1,837,386,000 from HKD 2,275,455,000 in the previous year[5] - Net profit attributable to shareholders was HKD 21,452,000, down from HKD 33,286,000 year-on-year[5] - Gross profit for 2022 was HKD 57,514, down 20.4% from HKD 72,340 in 2021[178] - Profit before tax decreased to HKD 24,408, a decline of 39.2% from HKD 40,135 in the previous year[178] - Basic and diluted earnings per share for 2022 were both HKD 7.66, down from HKD 11.89 in 2021[178] - Total revenue for the year 2022 was HKD 1,837,386, a decrease of 19.3% compared to HKD 2,275,455 in 2021[178] Assets and Liabilities - The company's equity attributable to owners increased to HKD 158,563, up from HKD 137,375 in 2021[181] - Total assets as of December 31, 2022, were HKD 191,921, an increase of 9.3% from HKD 175,492 in 2021[181] - Current liabilities decreased to HKD 47,412, down 15.3% from HKD 55,912 in the previous year[181] - Cash and cash equivalents rose to HKD 86,122, an increase of 53.6% compared to HKD 56,035 in 2021[181] Operating Expenses and Cash Flow - Operating expenses rose by 3.5% to HKD 34,059,000, compared to HKD 32,916,000 in the previous year[13] - Operating cash flow before changes in working capital was HKD 27,531,000, down 41% from HKD 46,727,000 in the previous year[185] - Net cash generated from operating activities increased significantly to HKD 30,739,000 from HKD 749,000 in 2021[185] - The company incurred financial costs of HKD 303,000, up from HKD 111,000 in 2021, reflecting increased borrowing costs[185] Inventory and Waste Management - Inventory levels decreased by 45% to a reasonable level as of December 31, 2022[14] - The company generated 1,413 kg of non-hazardous waste in 2022, down from 1,688 kg in 2021[27] Employee and Compensation - The number of employees increased to 48 from 45 year-on-year, with total employee compensation of HKD 17,200,000[17] - The total number of full-time employees increased by 7% (or 3 employees) to 48 as of December 31, 2022[35] - The employee turnover rate in 2022 was high, reflecting a broader trend in Hong Kong, with expectations for improvement as government measures are implemented[41] Corporate Governance - The board of directors consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors[65] - The company has confirmed that all independent non-executive directors meet the independence criteria as per the listing rules[66] - The audit committee convened four meetings in 2022 to review the group's financial performance and management accounts[75] - The company has adopted the corporate governance code as per the listing rules and confirmed compliance during the year[153] Environmental Impact - The company reported a total greenhouse gas emission of 78 tons for the fiscal year 2022, a slight decrease from 79 tons in 2021[27] - The company's electricity consumption for 2022 was 112,821 kWh, a reduction of 0.4% compared to 113,307 kWh in 2021[28] - The company promotes a green environment by encouraging recycling and reducing office waste[33] Shareholder Rights and Dividends - The company proposed a final dividend of HKD 0.02 per share, totaling HKD 5,600,000 for shareholders registered on July 4, 2023[115] - The company has a policy to declare dividends based on profitability and financial conditions, ensuring it does not affect normal operations[121] - Shareholders can request a special meeting if they hold at least 10% of the company's paid-up capital[94] Risk Management and Compliance - The company has no significant contingent liabilities or guarantees as of December 31, 2022[22] - The company has confirmed compliance with significant laws and regulations affecting its operations, including those of the Cayman Islands and Hong Kong[155] - The independent auditor identified revenue recognition from the sale of goods as a key audit matter due to its significance to the overall financial statements[166] Strategic Initiatives - The company aims to expand its product offerings and brand portfolio while enhancing its distribution network to increase market share[63] - The company has implemented a stock option plan to incentivize directors and senior staff since 2015[37] - The company has a strong management team with extensive experience in the information and communication technology industry, with key executives having over 30 years of experience[99][100][103]
新龙移动(01362) - 2022 - 年度财报