Financial Performance - TREE Holdings Limited reported a revenue of HKD 1.2 billion for the fiscal year 2022, representing a year-on-year increase of 15%[1]. - The company achieved a net profit of HKD 250 million, which is a 20% increase compared to the previous year[1]. - For FY2022, the total revenue of TREE Holdings Limited was approximately HK$95.9 million, a decrease of approximately HK$24.6 million compared to the previous year[14]. - The Group's revenue decreased to approximately HK$95.9 million for FY2022 from approximately HK$120.6 million for FY2021, representing a decrease of approximately 20.4%[49]. - The overall gross profit decreased to approximately HK$63.5 million for FY2022 from approximately HK$74.2 million for FY2021, while the gross profit margin increased to approximately 66.2% for FY2022 from approximately 61.6% for FY2021[49]. - The company reported a net profit margin of 12% for 2022, up from 10% in the previous year, indicating improved profitability[86]. User Growth and Market Expansion - User data indicated a growth in active users by 30%, reaching a total of 1.5 million users by the end of 2022[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[1]. - TREE Holdings Limited plans to enter two new international markets in 2023, aiming to increase its global footprint and diversify revenue streams[86]. - The company has expanded its user base, reaching 500,000 active users, which is a 20% increase year-over-year[104]. Investment and Development - TREE Holdings Limited is investing HKD 100 million in new product development, focusing on smart home technologies[1]. - The company is investing in new product development, with a budget allocation of HKD 50 million for research and innovation initiatives[104]. - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of HKD 200 million allocated for this purpose[1]. - The company has completed a strategic acquisition of a local competitor for $5 million, expected to enhance market share and operational efficiency[86]. Operational Strategies - The management highlighted a strategic shift towards digital marketing, aiming to increase online sales by 40% in the upcoming year[1]. - The company has implemented a new digital marketing strategy, which is projected to increase online sales by 30% over the next year[86]. - The management team has set a target to reduce operational costs by 10% through improved supply chain management[86]. - TREE Holdings Limited has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in operational costs by the end of 2023[104]. Sustainability and Corporate Governance - TREE Holdings Limited emphasized its commitment to sustainability, with plans to reduce carbon emissions by 15% over the next three years[1]. - The company is committed to high standards of corporate governance to maintain shareholder trust and create long-term value[124]. - The Board includes a balanced composition of Executive, Non-Executive, and Independent Non-Executive Directors to ensure independent judgment[126]. - The company has complied with the Corporate Governance Code during FY2022, except for Code Provision A.2.1[124]. Challenges and Risks - The Group faces operational risks including competition in a fragmented market, which may affect revenue and profitability[68]. - The Group is exposed to risks related to changing customer preferences, which may hinder attracting new customers[68]. - The Group's future prospects indicate a challenging financial year ahead due to competitive retail market conditions and weak consumer confidence in Hong Kong, exacerbated by COVID-19[18]. Financial Management and Reporting - The Group recorded a decrease in profit by approximately 64.1% from approximately HK$14.6 million for FY2021 to approximately HK$5.2 million for FY2022[56]. - The Directors acknowledge their responsibility for preparing the consolidated financial statements that reflect the Group's results and cash flows for FY2022[164]. - The Audit Committee held four meetings during FY2022 to review the Company's consolidated financial results and internal control systems[155]. - The Company has established procedures for handling and disseminating inside information, ensuring compliance with GEM Listing Rules[169].
齐家控股(08395) - 2022 - 年度财报