Financial Performance - Total revenue for 2022 reached RMB 12,930 million, representing a 29.1% increase compared to 2021[7] - Operating profit for 2022 was RMB 1,464 million, reflecting a growth of 4.9% year-on-year[7] - Net profit attributable to ordinary shareholders was RMB 922 million, up from RMB 908 million in 2021[9] - The gross profit margin for 2022 was 40.9%, a slight decrease from 41.7% in 2021[14] - The group's revenue increased by 29.1% to RMB 12,930.4 million in 2022, compared to RMB 10,013.2 million in 2021[24] - Operating profit rose by 4.9% to RMB 1,464.3 million, up from RMB 1,396.2 million in 2021[24] - Profit attributable to ordinary shareholders was RMB 921.7 million, a slight increase of 1.5% from RMB 908.3 million in 2021[24] - The overall net profit margin was 7.1%, down from 9.1% in 2021[126] Dividends and Shareholder Returns - The company declared a final dividend of HKD 7.1 per share, bringing the total dividend for the year to HKD 20.1 per share, with a payout ratio of 50.0%[9] - The proposed final dividend is HKD 0.071 per share, down from HKD 0.135 per share in 2021, with a total dividend payout ratio of 50.0%[128] - The total dividend per share for 2022 was HKD 0.201, comprising an interim dividend of HKD 0.13 and a final dividend of HKD 0.071[165] Market Position and Strategy - The company was included in the MSCI China Index in June 2022, enhancing its market visibility[8] - The company aims to implement a multi-brand strategy with a target for 2025 as part of its "Five Five Plan" initiated in 2023[12] - The company plans to strategically expand its brands in specific regions with greater commercial potential[30] - The company aims to enhance its market presence through sponsorship of major marathons and partnerships with sports stars[53] - The company aims to become a leading global sports brand and a respected Chinese brand operator through a multi-brand and multi-market strategy[192] Inventory and Assets - The average inventory turnover days increased to 90 days in 2022, compared to 77 days in 2021[14] - The total assets as of December 31, 2022, were RMB 12,338 million in current assets and RMB 4,155 million in non-current assets[14] - The total assets increased to RMB 16,493.5 million in 2022, up from RMB 14,615.4 million in 2021, while total liabilities rose to RMB 8,186.8 million from RMB 6,633.0 million[135] Debt and Financial Ratios - The debt ratio was reported at 19.6% for 2022, an increase from 17.4% in 2021[14] - The debt ratio increased to 19.6% in 2022 from 17.4% in 2021, calculated based on total bank borrowings and convertible bonds against total assets[134] Employee and Workforce - The company employed approximately 9,800 staff as of December 31, 2022, an increase from 8,500 in 2021, with production employees making up 57.8% of the workforce[109] - The workforce grew to approximately 9,800 employees in 2022, up from 8,500 in 2021, with 57.8% being production staff[145] Research and Development - Research and development expenses increased to RMB 299.0 million, representing 2.3% of total revenue, down from 2.5% in 2021[122] Marketing and Brand Development - The company signed popular actor Wang Hedi as a new brand ambassador in December 2022 to enhance appeal among younger consumers[80] - The company continues to leverage celebrity endorsements as a key marketing strategy to maintain brand attractiveness among young consumers[80] Sustainability and Innovation - The company launched its first low-carbon eco-friendly running shoe "360–ECO" as part of its sustainable innovation efforts[32] - The "360–ECO" low-carbon running shoes with an 81% reduction in carbon emissions compared to traditional materials, certified by ISCC[88] - The use of innovative materials like Sorona and organic cotton highlights the company's commitment to eco-friendly practices[66] Investor Relations - The company successfully expanded its investor base and enhanced investor understanding of its business strategy, resulting in substantial returns for shareholders[151] - A total of 437 investor meetings were held, including 50 with analysts, 3 earnings briefings, and 31 reverse roadshows[156] - The company received multiple awards, including Best CEO and Best CFO in the Asia region, highlighting its strong investor relations performance[163] Corporate Governance - The company emphasizes the importance of corporate governance and has adopted good governance practices to ensure transparency and accountability[189] - The company has complied with all corporate governance codes except for the separation of the roles of Chairman and CEO, which are currently held by the same individual[190] - The company has a commitment to improving shareholder returns through ongoing reviews and enhancements of its corporate governance practices[189]
特步国际(01368) - 2022 - 年度财报