Employee and Workforce - The group had a total of 1,988 employees as of December 31, 2022, all earning above the minimum wage requirements in their respective regions[1] - Over 90% of employees are full-time, with competitive compensation packages and additional paid leave offered to attract and retain talent[3] - The group aims to create a fair and harmonious employment environment to support sustainable development[1] - The company is committed to employee development and offers various benefits, including medical insurance and retirement plans[148] - The group employed 1,988 staff as of December 31, 2022, an increase from 1,847 staff as of December 31, 2021, reflecting a growth of approximately 7.6%[151] Financial Performance - The group reported sales revenue of HKD 1,220,000,000 for the year, with sales claims amounting to approximately HKD 2,480,000 due to product quality issues[7] - Revenue from the sale of products, including sleepwear and home casual wear, was approximately HKD 1,215,556,000 and HKD 5,204,000 respectively for the year[16] - The company's profit attributable to shareholders was approximately HKD 172,500,000, an increase of about 9.0% year-on-year[46] - The gross profit for 2022 was approximately HKD 373,300,000, with a gross profit margin of about 30.6%, compared to HKD 310,500,000 and a margin of 26.3% in 2021[51] - For the year ended December 31, 2022, the group's revenue was approximately HKD 1,220,800,000, an increase of about 3.3% compared to the previous year[74] - The group recorded a net profit attributable to shareholders of approximately HKD 172,600,000 for the year ended December 31, 2022, representing a 9.0% increase from HKD 158,300,000 in the previous year[79] - The group reported a net loss of approximately HKD 51,900,000 for the year ended December 31, 2022, compared to a net loss of approximately HKD 3,000,000 for the year ended December 31, 2021, primarily due to realized and unrealized losses related to foreign exchange options[77] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.044 per share, representing a dividend payout ratio of approximately 31.9% of the profit attributable to shareholders[50] - The group declared a final dividend of HKD 0.044 per share, totaling approximately HKD 55,000,000 for the year ended December 31, 2022, compared to HKD 0.059 per share the previous year[97] Production and Operations - The company has production facilities in China, Cambodia, and Honduras, and is also utilizing long-term cooperative factories in Vietnam[39] - The group established a production facility in Honduras, which is currently in trial operation and expected to commence formal operations in Q2 2023[57] - The group plans to construct its first production facility in Vietnam, having secured a 43-year land lease for approximately 30,000 square meters at a cost of USD 1.15 million, which is expected to significantly increase production capacity[81] - The company is actively reserving resources to further establish production bases in Central America and Vietnam to capitalize on potential demand recovery opportunities[50] - The company’s proactive strategies, such as diversifying production bases and product mix, helped mitigate market pressures and challenges in the post-pandemic environment[46] Financial Position and Investments - The current ratio as of December 31, 2022, was approximately 3.63, compared to 2.49 as of December 31, 2021[60] - The group has no outstanding bank loans as of December 31, 2022, compared to approximately HKD 35,500,000 in loans as of December 31, 2021[61] - The group has a debt ratio, calculated as bank borrowings as a percentage of shareholders' equity, was zero as of December 31, 2022, down from approximately 6.8% the previous year[84] - The group invested in 12 marketable bond instruments with a total principal of approximately USD 6,750,000, aiming for stable returns from short-term idle bank deposits[63] - The group invested in 12 funds with a total principal amount of approximately USD 11,300,000 (equivalent to about HKD 88,100,000), with a market value of approximately USD 10,600,000 (equivalent to about HKD 82,300,000)[107] Corporate Governance and Compliance - The board of directors is responsible for formulating and reviewing the business strategies and policies of the group[182] - The company has maintained compliance with corporate governance practices as outlined in its governance report[194] - The company has not reported any significant violations of laws and regulations that would materially affect its business and operations during the fiscal year[147] - The board confirmed that all major shareholders complied with non-competition agreements during the fiscal year ending December 31, 2022[135] Social Responsibility and Community Engagement - The group donated approximately HKD 423,000 to charitable organizations focused on helping children during the year[5] - The group is committed to social responsibility and community development, planning to continue these efforts in the future[5] Market and Economic Outlook - The group anticipates that the economic slowdown will persist for some time, but it also presents opportunities for business expansion to meet future demand recovery[80] Management and Leadership - The company has a strong management team with extensive experience in various sectors, including finance and technology[178][179] - The board of directors includes executive directors and independent non-executive directors, with specific terms of appointment and renewal[156] - Ms. Yang has over 30 years of experience in the apparel industry and currently serves as the General Manager responsible for sales and marketing operations[199] - The company appointed Guowei CPA Limited to fill the vacancy left by Deloitte Touche Tohmatsu[195]
捷隆控股(01425) - 2022 - 年度财报