鹰美(02368) - 2022 - 年度财报

Financial Performance - Revenue for the fiscal year ended March 31, 2022, was HKD 3,668 million, an increase of 12.9% from HKD 3,249 million in the previous year[34] - Profit attributable to owners of the company for the fiscal year was HKD 275 million, down 12.4% from HKD 314 million in the previous year[34] - Basic earnings per share decreased to HKD 0.515 from HKD 0.589, representing a decline of 12.6%[34] - Gross profit decreased by 0.3% to HKD 650,200,000, with a gross profit margin dropping from 20.1% to 17.7%[45] - The company's profit before tax fell by 13.8% to HKD 363,900,000, resulting in a profit before tax margin decline from 13.0% to 9.9%[45] - Net profit attributable to shareholders was HKD 274,600,000, down HKD 39,000,000 (12.4%) from HKD 313,600,000 last year, with a net profit margin decreasing from 9.7% to 7.5%[50] - The company achieved a record total sales of HKD 3,668,400,000, an increase of HKD 419,500,000 (12.9%) compared to last year's sales of HKD 3,248,900,000[45] - The company reported a total of 72,650,000 shares held by Time Easy Investment Holdings Limited, representing 13.61% of the issued share capital[97] - The major shareholder 宝成 holds 192,000,000 shares, which is 35.97% of the issued share capital[100] Assets and Liabilities - Total assets increased to HKD 3,125 million, up 21.5% from HKD 2,573 million in the previous year[34] - Non-current assets increased to HKD 1,404,279,000 from HKD 1,124,131,000 in the previous year, reflecting a growth of 24.8%[80] - Current assets rose to HKD 1,721,123,000, while current liabilities increased to HKD 1,328,430,000, resulting in a net current asset value of HKD 392,693,000[80] - Total liabilities increased to HKD 1,796,972,000 from HKD 1,616,262,000, which is an increase of about 11.2%[184] - Equity attributable to owners of the Company grew to HKD 1,673,649,000, up from HKD 1,512,667,000, reflecting an increase of approximately 10.7%[185] Cash Flow and Dividends - The company plans to maintain a high dividend payout ratio of 69.9% for the year, with a proposed final dividend of HKD 0.14 per share[50] - The company paid dividends totaling HKD 197,050,000, compared to HKD 102,362,000 in the previous year, representing an increase of about 93%[190] - The final dividend for 2021 was HKD 63,840,000, while the interim dividend for 2022 was HKD 117,040,000[187] - Cash and bank balances stood at HKD 455,841,000, compared to HKD 442,395,000, showing a slight increase of about 3.0%[184] Operational Developments - The company acquired factories in China and Indonesia to enhance production capacity, aiming to meet the demands of international sportswear brands[38] - The introduction of an intelligent automated warehouse management system has improved logistics efficiency and real-time tracking capabilities[40] - The company reported a significant increase in domestic sales proportion, leveraging local production strategies to reduce logistics costs and time[36] - The company is focusing on expanding production capacity and optimizing its diversified production base configuration for future growth[38] - Research and development investments are being accelerated at the Hong Kong headquarters to drive future growth through high-end product design and innovation[41] Governance and Management - The company has a diverse board with members experienced in various sectors, including finance, law, and management[66][67][68][69] - The company’s leadership team includes individuals with significant experience in human resources management and business development[66] - The company has implemented appropriate insurance arrangements for its directors and senior officers against legal actions[134] - The board believes that all independent non-executive directors maintain their independence and have confirmed their status[89] - The company has arranged appropriate directors' and officers' liability insurance for its board and senior management[95] Market Position and Strategy - The company aims to maintain a strong response capability to market challenges through diversified production strategies[38] - The company plans to enhance its international competitiveness through improved information management systems connecting various production bases[40] - The company has no significant competition concerns due to independent management teams across different groups[106] - The company operates primarily in the manufacture and trading of sportswear and garments across its subsidiaries[197] Compliance and Risk Management - The company has complied with all relevant laws and regulations that significantly impact its operations during the review period[125] - The company has established a risk management and internal control system aimed at preventing significant misstatements or losses, and ensuring effective communication of residual risks to the board[155] - The auditor issued an unqualified opinion regarding the company's disclosed related party transactions[120] Shareholder Engagement - The company has adopted a shareholder communication policy since March 2012, utilizing announcements and reports as primary communication channels[161] - The company’s annual general meeting serves as an effective platform for direct communication between shareholders and the board[161] - Shareholders holding at least 10% of the paid-up capital can request a special general meeting by submitting a written request to the board[158]