Financial Performance - Revenue for 2021 was HK$2,404,398,000, representing a 18.2% increase from HK$2,033,419,000 in 2020[8] - Profit attributable to owners of the Company increased to HK$282,383,000, up 34.6% from HK$209,687,000 in the previous year[8] - Basic earnings per share rose to HK$0.34, compared to HK$0.25 in 2020, reflecting a 36% increase[8] - Proposed final dividend per share increased to 8.6 HK cents, up from 8.0 HK cents in 2020[8] - Gross profit margin decreased to 23.7% from 26.2% in the previous year[8] - Net profit margin improved to 11.7%, up from 10.3% in 2020[8] - Return on equity increased to 17.4%, compared to 15.0% in the previous year[8] - For the year ended December 31, 2021, the total revenue of TK Group amounted to HK$2,404.4 million, representing an increase of 18.2% year on year compared to HK$2,033.4 million in 2020[26]. - The profit attributable to the owners of the Company for the year was HK$282.4 million, a significant increase of 34.7% from HK$209.7 million in 2020[26]. - Gross profit increased by 6.9% to HK$569.2 million, while the gross profit margin decreased by 2.5 percentage points to 23.7%[57] - Profit attributable to owners of the Company rose by 34.7% to HK$282.4 million, with a net profit margin increase of 1.4 percentage points to 11.7%[58] Revenue Segmentation - Revenue from the plastic components manufacturing segment was approximately HK$1,698.4 million, representing a 27.4% increase from HK$1,333.2 million in 2020[70] - The mobile phones and wearable devices segment achieved a revenue increase of 11.7%, driven by strong market reception of wireless headsets and smartphone protective cases[71] - The mold fabrication segment's revenue increased by 0.8% to HK$706.0 million, accounting for approximately 29.4% of the Group's total revenue[64] - The smart home segment recorded a significant year-on-year increase of 51.1% in revenue, indicating strong growth potential for the Group[72][74]. - The medical and personal health care segment experienced a year-on-year revenue decrease of 4.6%, primarily due to semiconductor shortages affecting production orders[73][75]. - The commercial telecommunications equipment segment saw a year-on-year revenue increase of 70.5%, attributed to a shift in supplier share during customer supply chain restructuring[78][79]. Operational Challenges - Despite the recovery, challenges such as supply chain disruptions and rising raw material prices affected the gross profit margin in 2021[27]. - The orders on hand for automobile mold manufacturing were significantly reduced at the end of 2021 compared to the end of 2020 due to supply chain imbalances and chip shortages[27]. - The Group's mold fabrication segment faced challenges in 2021 due to supply chain disruptions, particularly in the automotive sector, which is expected to impact performance in 2022[155]. Strategic Initiatives - The Group plans to actively monitor trends in high-tech consumer products and expand its product customer base to ensure long-term business development[33]. - The Group aims to double the sales of the injection molding business within five years, with the first two years serving as a foundation period for this plan[39]. - The Group is actively seeking suitable acquisition or investment targets to expand its business scope, maintaining a steady pace of investment in recent years[39]. - The Group's customer diversification strategy is seen as advantageous in mitigating business risks across different economic cycles[151]. Financial Position - Current ratio improved to 220.7%, up from 182.5% in 2020, indicating better liquidity[8] - Net current assets increased to HK$1,162,975,000, compared to HK$835,259,000 in 2020[8] - The Group maintained a net cash position of HK$864.1 million, up from HK$786.9 million in 2020, allowing for flexibility in responding to macroeconomic uncertainties[59] - Total equity of the Group as of December 31, 2021, was approximately HK$1,621.9 million, compared to HK$1,394.6 million as of December 31, 2020[110] Management and Governance - Mr. Li Pui Leung, aged 62, is the chairman and one of the founders of the Group, with over 38 years of experience in plastic mold fabrication and injection molding[167]. - Mr. Yung Kin Cheung, aged 60, serves as the CEO and has over 30 years of experience in the industry, responsible for business development and daily operations since 2000[173]. - The Group's executive directors have collectively over 100 years of experience in the plastic mold industry, enhancing strategic management capabilities[174]. - The company emphasizes strong corporate governance with a well-structured board and committees, including audit and remuneration[192]. Market Outlook - The ongoing COVID-19 variants and global supply chain issues are expected to pose risks to economic recovery, but the demand for electronic products remains strong[33]. - The Group anticipates significant contributions to revenue from the smart home and electronic atomizers segments in 2022[154]. - The global market for electronic atomizers is estimated to reach US$22.7 billion by 2024, driven by increasing global demand[154].
东江集团控股(02283) - 2021 - 年度财报