Financial Performance - The group's revenue increased by approximately 19.6% from about MOP 144.1 million in the previous fiscal year to about MOP 172.4 million for the year ended December 31, 2022[12]. - The group recorded a post-tax profit of approximately MOP 5.3 million, compared to a post-tax loss of about MOP 20.7 million in the previous fiscal year[12]. - In 2022, the company's total revenue increased by approximately MOP 28.3 million or 19.6% compared to 2021, driven primarily by a MOP 19.4 million or 14.8% increase in renovation project revenue and a MOP 8.9 million or 99.9% increase in construction project revenue[20]. - The gross profit for the company increased by approximately MOP 11.2 million or 45.6% to MOP 35.8 million in 2022, compared to MOP 24.6 million in 2021, primarily due to an increase in renovation projects[24]. - The gross profit margin improved from approximately 17.1% in 2021 to 20.8% in 2022, attributed to higher margins in renovation projects[26]. - Other income and losses for the year resulted in a net loss of approximately MOP 1.9 million, an improvement from a net loss of MOP 15.3 million in 2021[27]. - The group reported a profit attributable to the owners of approximately MOP 5.3 million for the year ended December 31, 2022, compared to a loss of approximately MOP 20.7 million for the year ended December 31, 2021[31]. - Basic earnings per share for the year ended December 31, 2022, was MOP 1.3 cents, an increase of MOP 6.5 cents from a loss of MOP 5.2 cents per share for the previous year[34]. Project and Operational Highlights - The group completed 24 projects and was awarded 23 projects during the fiscal year[12]. - The total value of newly awarded renovation projects in 2022 was approximately MOP 201.4 million, significantly up from MOP 77.4 million in 2021[19]. - The construction project backlog as of December 31, 2022, was valued at approximately MOP 72.7 million, up from MOP 36.9 million in 2021[19]. - The company expects significant increases in project volumes from the restaurant, hotel, and gaming sectors, which will drive revenue growth[15]. - The company anticipates a recovery to pre-pandemic performance levels as the economy stabilizes and customer traffic increases post-pandemic[15]. - The company plans to focus resources on renovation projects, leveraging local advantages and resources to capitalize on post-pandemic opportunities in the construction industry[15]. Financial Position and Capital Management - As of December 31, 2022, the group's current assets exceeded current liabilities by MOP 17.4 million, compared to MOP 5.3 million in the previous year[36]. - The group's cash and bank balances amounted to MOP 22.4 million as of December 31, 2022, up from MOP 11.5 million in the previous year[37]. - The group's total borrowings decreased to MOP 31.0 million as of December 31, 2022, from MOP 47.8 million in the previous year[37]. - The group's current ratio improved to 1.2 as of December 31, 2022, compared to 1.1 in the previous year, reflecting the profit situation for the year[40]. - The debt-to-equity ratio decreased to 0.25 as of December 31, 2022, from 0.41 in the previous year, primarily due to the repayment of bank borrowings[40]. - The group has sufficient working capital to meet its future operational needs as of December 31, 2022[35]. Governance and Risk Management - The board is responsible for leading and monitoring the company, ensuring effective internal control and risk management systems are in place[88]. - The audit committee, composed of three independent non-executive directors, held two meetings in the year ending December 31, 2022, to review financial performance and risk management systems[97]. - The company has established three committees: audit, remuneration, and nomination, to oversee specific aspects of governance[96]. - The board ensures that all directors receive timely access to company information and can seek independent professional advice when necessary[88]. - The company has adopted a board diversity policy, emphasizing the importance of diversity at the board level to maintain competitive advantage[109]. - The board is responsible for maintaining effective risk management and internal control systems, which are reviewed annually[119]. - An independent external consultant was appointed to review the effectiveness of the group's internal control system[121]. - The risk management procedures are designed to identify, assess, and manage significant risks, with senior management responsible for annual risk reporting[123]. Shareholder Communication and Policies - The company maintains effective communication with shareholders, particularly through annual general meetings and its website[141]. - The company has established a shareholder communication policy to ensure that shareholder concerns are properly addressed[142]. - The company has adopted a dividend policy without a preset distribution ratio, allowing the board to propose dividends based on financial conditions[142]. - The group did not recommend the payment of a final dividend for the year ended December 31, 2022[177]. Employee and Operational Costs - The group reported a total employee cost of MOP 39.5 million for the year ended December 31, 2022, down from MOP 44.2 million in 2021[58]. - Administrative expenses decreased by approximately MOP 2.4 million or 8.5% to MOP 26.3 million in 2022, due to cost control measures[28]. Market and Strategic Initiatives - The company is actively seeking suppliers to ensure a stable supply of quality food at competitive prices for its restaurant business in Macau[175]. - The group is exploring new business opportunities in the restaurant sector to generate new revenue streams[173]. - The company is investing in R&D, allocating F% of its budget to develop new technologies and improve existing products[148]. - Strategic partnerships are being formed to leverage complementary strengths and enhance market competitiveness[148]. Compliance and Regulatory Matters - The group has complied with all necessary registrations and certifications for its operations in Macau and Hong Kong as of December 31, 2022[169]. - The company has implemented an "Insider Information Disclosure Policy" to ensure accurate and timely information dissemination regarding its business and financial status[124].
黎氏企业(02266) - 2022 - 年度财报