Financial Performance - The group's revenue increased by 8.5% year-on-year, reaching HKD 2,920,775,000 (2020/21: HKD 2,692,460,000) [2] - Gross profit rose by 9.7% to HKD 1,334,677,000, with a gross margin of 45.7% (2020/21: 45.2%) [2] - Profit attributable to equity holders was HKD 220,822,000, down from HKD 254,918,000 in the previous year, which included HKD 70,999,000 from the government's employment support scheme [2] - Retail sales revenue reached HKD 2,892,753,000 for the year, representing an 8.0% increase from HKD 2,677,789,000 in the previous year, driven by same-store sales growth and increased average transaction value [18] - The company reported a net profit of HKD 220,318 for the year, down from HKD 257,842 in the previous year, indicating a decrease of approximately 14.5% [31] - The group reported a net profit of HKD 257,842,000 for the year ended April 30, 2022, compared to HKD 287,698,000 in 2021, indicating a decrease of approximately 10.4% [50] Store Operations - The group operates a retail network of 384 stores across Hong Kong, Singapore, Macau, Malaysia, Cambodia, and Australia [6] - The group operates a total of 384 stores across Hong Kong, Singapore, Macau, Malaysia, Cambodia, and Australia as of April 30, 2022, a slight decrease from 385 stores in the previous year [14] - The group plans to continue expanding its store network in Hong Kong, particularly in new residential areas and public housing developments [14] Market Performance - Same-store sales growth in Hong Kong was 6.7%, compared to 4.4% in the previous year [10] - The Hong Kong market generated revenue of HKD 2,608,532,000, a 9.3% increase from HKD 2,386,352,000 in the previous year, with same-store sales growth of 6.7% [19] - In Singapore, revenue grew by 2.7% to HKD 265,698,000, with gross profit increasing by 7.6% to HKD 110,686,000 [22] - The group’s revenue from Singapore was HKD 265,698,000 for the year ended April 30, 2022, compared to HKD 258,788,000 in 2021, reflecting a growth of approximately 2.3% [66] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.12 per share, totaling HKD 0.267 per share for the year, up from HKD 0.242 per share in the previous year [3] - The company declared an interim dividend of HKD 214,661,000 for 2022, which is HKD 29.9 per share, compared to HKD 143,518,000 or HKD 20.0 per share in 2021 [75] - Proposed final dividend for the year ended April 30, 2022, is HKD 12.0 per share, totaling approximately HKD 86,161,000, not yet recognized in the financial statements [75] Expenses and Liabilities - Total operating expenses accounted for 37.8% of revenue, down from 38.9% in the previous year [10] - Total expenses for the year ended April 30, 2022, amounted to HKD 2,688,764,000, an increase of 6.5% from HKD 2,523,853,000 in 2021 [4] - Total liabilities as of April 30, 2022, were HKD 843,905,000, slightly down from HKD 844,322,000 in 2021 [35] - Current liabilities totaled HKD 612,419,000, compared to HKD 617,718,000 in the previous year [35] Cash and Assets - The group maintained a cash and cash equivalents balance of HKD 416,923,000, compared to HKD 428,459,000 in the previous year [8] - The total assets as of April 30, 2022, amounted to HKD 1,738,760, slightly up from HKD 1,737,618 in 2021 [33] - Non-current assets (excluding intangible assets and deferred tax assets) totaled HKD 801,575,000 as of April 30, 2022, compared to HKD 784,423,000 in 2021, showing a slight increase [66] Strategic Initiatives - The group has increased the proportion of OEM products to capture more market opportunities [7] - The company aims to enhance its e-commerce capabilities by launching the Easy Buy platform in Singapore and relocating its warehouse to improve distribution efficiency [22] - The company plans to improve logistics efficiency through closer collaboration with suppliers and expand its product range on the JHC electronic platform [26] - The company is transitioning to a full-channel retail model, leveraging its extensive retail network to increase customer traffic and convenience [26] Corporate Governance - The company has adopted all provisions of the corporate governance code as per the listing rules, ensuring high standards of corporate governance [86] - The audit committee reviewed the consolidated financial statements for the year ended April 30, 2022, confirming consistency with the preliminary results announcement [88] Employee Information - The group employed approximately 2,140 employees as of April 30, 2022, a decrease from 2,391 employees in the previous year, with total employee costs amounting to HKD 405,825,000 [15]
国际家居零售(01373) - 2022 Q4 - 年度业绩