Financial Performance - The group's revenue for the year was approximately HKD 1,793.1 million, an increase of about 40.8% compared to HKD 1,273.8 million in 2021[2] - Gross profit rose approximately 38.5% to about HKD 151.0 million, with a slight decrease in gross profit margin by 0.2 percentage points to approximately 8.4%[2] - Profit attributable to equity shareholders was approximately HKD 53.7 million, representing a year-on-year increase of about 3.2 times[2] - The gross profit for the year was approximately HKD 151.0 million, an increase of about 38.5% compared to HKD 109.0 million in the previous year[83] - The group's net cash flow from operating activities for the year was approximately HKD 90.4 million, slightly up from HKD 88.0 million in 2021[96] - The group's capital expenditure for the year was approximately HKD 138.7 million, up from HKD 73.4 million in 2021[106] - The group's bank borrowings as of December 31, 2022, were approximately HKD 176.4 million, an increase of about 42.7% from HKD 123.6 million in 2021[105] Revenue Segmentation - The cleaning segment's revenue increased by approximately 61.2% to HKD 1,330.7 million, accounting for 74.2% of total revenue[3] - The waste management and recycling segment's revenue was HKD 243.2 million, a 3.9% increase from the previous year[3] - The gardening segment's revenue was HKD 122.2 million, reflecting an 8.8% increase year-on-year[3] - The pest management segment's revenue decreased by 4.9% to HKD 97.0 million[3] Contracts and Backlog - The total value of uncompleted contracts was HKD 3,589.5 million, with HKD 1,795.1 million expected to be recognized by December 31, 2023[8] - The total amount of outstanding contracts as of December 31, 2022, is approximately HKD 3,589.5 million, with HKD 1,795.1 million expected to be recognized by the end of 2023[17] - The company has secured new contracts worth approximately HKD 3.08 billion, increasing its backlog from about HKD 2.15 billion to approximately HKD 3.59 billion, a growth of about 67.3%[79] - The company expects to recognize about HKD 1.8 billion in revenue from its current contracts in 2023, which exceeds the total revenue for the entire year of 2022 (HKD 1.79 billion)[79] Dividends - The proposed final dividend for the year is HKD 0.038 per share, totaling HKD 15,770,000, compared to HKD 3,735,000 in the previous year[18] - The total proposed final dividend represents a significant increase of over 320% compared to the previous year's dividend[18] Technology and Innovation - The group successfully introduced advanced technologies to enhance pest control efficiency, improving competitive barriers[1] - The company has introduced a new fully automated high-speed plastic sorting equipment that can process over 10,000 tons of plastic annually, equivalent to 400 million plastic bottles, enhancing both quantity and quality of recycling[63] - The company has received its first contract utilizing biotechnology for waste conversion, marking a significant milestone in its green technology business development[74] - The launch of the green technology business in 2022 has successfully secured multiple government contracts, including a project using biotechnology to address chicken manure issues[34] Sustainability and ESG - The company is actively pursuing sustainable development strategies, integrating ESG principles into its core business operations[30] - The company aims to enhance its ESG performance and facilitate green financing through the provision of ESG data to corporate clients[30] - The company aims to achieve "zero waste to landfill" by 2035 and "carbon neutrality" by 2050, aligning with the Hong Kong government's environmental goals[43] - The company is committed to developing green technology and collaborating with academic institutions to address environmental issues[44] - The company has received multiple awards for corporate governance and ESG practices, reflecting its commitment to sustainability[14] Market Opportunities - The anticipated population influx in the Northern Metropolis and the planned New Tin Science City presents significant growth opportunities for the company's services[31] - The introduction of new legislation in Hong Kong is expected to significantly boost recycling rates, benefiting the company's recycling services[43] - Approximately 80% of the company's revenue comes from government and semi-government contracts, indicating substantial growth potential in the non-government client sector[79] - The company is actively exploring opportunities in non-government sectors and enhancing its one-stop service offerings to deepen and broaden its core business[79] Corporate Governance - The company maintains high standards of corporate governance to protect shareholder interests and enhance corporate value[187] - The Audit Committee has reviewed the audited consolidated annual performance of the group for the year and assessed the effectiveness of the company's risk management and internal control systems[189] - The Audit Committee is responsible for recommending the appointment, reappointment, and removal of external auditors, as well as approving their remuneration and service term[190] - The company has established a Sustainability Steering Committee to manage and monitor sustainability matters, aiming to develop and review the company's sustainability direction and strategies[195] Employee and Operational Metrics - The group employed 8,894 employees as of December 31, 2022, compared to 5,621 employees in 2021[117] - Sales to the group's top five customers accounted for 67.7% of total sales for the year, up from 54.3% in 2021, with the largest customer contributing 44.3% of total sales, compared to 26.3% in 2021[126] - Purchases from the group's top five suppliers represented 35.6% of total purchases for the year, an increase from 31.5% in 2021, with the largest supplier accounting for 10.6% of total purchases, slightly down from 10.8% in 2021[126]
碧瑶绿色集团(01397) - 2022 - 年度财报