Financial Performance - For the year ended December 31, 2022, revenue decreased by 10.9% to RMB 1,715.4 million from RMB 1,924.7 million in 2021[2] - Gross profit for the year ended December 31, 2022, decreased by 19.6% to RMB 920.1 million, with a gross margin of 53.6%, down from 59.4% in 2021[2] - Profit attributable to shareholders for the year ended December 31, 2022, decreased by 42.6% to RMB 206.5 million, resulting in a net profit margin of 12.0%, down from 18.7% in 2021[2] - Basic earnings per share for the year ended December 31, 2022, were RMB 0.19, compared to RMB 0.33 in 2021[4] - The company reported a net profit of RMB 206,452 thousand for the year ended December 31, 2022[17] - The net profit attributable to shareholders for 2022 was RMB 206,452,000, down from RMB 359,481,000 in 2021, representing a decline of approximately 42.5%[29] - The company reported a basic earnings per share of RMB 0.19 for 2022, compared to RMB 0.33 for 2021, reflecting a decrease of 42.4%[29] - The company's net profit for the year ended December 31, 2022, decreased by 42.6% to RMB 206.5 million, with a net profit margin of 12.0%[65] Revenue Breakdown - Total revenue for the year ended December 31, 2022, was RMB 1,715,400 thousand, a decrease of 10.9% from RMB 1,924,651 thousand in 2021[16] - Revenue from tea sales was RMB 1,243,753 thousand, down 11.1% from RMB 1,398,189 thousand in the previous year[16] - Revenue from tea sales decreased by 11.0% to RMB 1,243.8 million, while tea food sales decreased by 1.7% to RMB 243.7 million, and tea utensils sales decreased by 14.5% to RMB 169.2 million[56] Assets and Liabilities - Total assets as of December 31, 2022, were RMB 3,139.5 million, a decrease from RMB 3,212.1 million as of December 31, 2021[5] - Total liabilities as of December 31, 2022, were RMB 1,369.4 million, compared to RMB 1,379.2 million as of December 31, 2021[8] - Non-current assets increased slightly to RMB 1,361.8 million from RMB 1,330.9 million in 2021[5] - Trade and other receivables decreased to RMB 282.3 million from RMB 380.9 million in 2021[5] - The total amount of trade and other receivables was RMB 282,301,000 as of December 31, 2022, compared to RMB 380,895,000 in 2021, indicating a decline of about 25.9%[35] Dividends and Share Repurchase - The board proposed a final dividend of HKD 0.13 per share, equivalent to RMB 0.11 per share[2] - The company declared a final dividend of RMB 124,509,000 for 2022, down from RMB 204,789,000 in 2021, which is a reduction of approximately 39.2%[30] - The company repurchased 3,121,000 shares in 2022 at a total value of approximately HKD 15,956,000, equivalent to RMB 13,826,000[40] - The company repurchased a total of 3,121,000 shares during the year ended December 31, 2022, at a total cost of HKD 15,891,140[84] Operational Efficiency and Strategy - The company continues to enhance its market position and operational efficiency through various strategies, including expanding its network and improving employee training[50] - The company aims to leverage its strong brand recognition and market presence to capture a larger market share as the market recovers[50] - The company plans to optimize its retail network by establishing new retail stores in densely populated commercial areas and expanding into third- and fourth-tier cities[53] - The company aims to enhance brand reputation and customer awareness through targeted marketing activities, especially during traditional Chinese festivals[53] Compliance and Governance - The company has adhered to the corporate governance code and has not deviated from its provisions during the year ended December 31, 2022[83] - The audit committee for the company consists of independent non-executive directors, including Mr. Lu Wah Wei, Dr. Huang Wei, and Mr. Li Junxiong, with Mr. Lu serving as the chairman[88] - The annual performance for the year ending December 31, 2022, has been reviewed by the audit committee and approved by the company's auditor, PwC[88] Employee and Administrative Costs - Employee costs for the year ended December 31, 2022, amounted to RMB 334.9 million, an increase from RMB 315.4 million for the year ended December 31, 2021, representing a growth of approximately 6.5%[80] - The company's administrative expenses increased by 15.0% to RMB 272.6 million, primarily due to rising labor costs and depreciation of property, plant, and equipment[60] Government Grants and Other Income - The company reported government grants of RMB 19,101,000 in 2022, an increase from RMB 13,693,000 in 2021, reflecting a growth of approximately 39.5%[24] - Other income increased by 43.7% to RMB 28.3 million, mainly due to local government subsidies rising from RMB 13.7 million to RMB 19.1 million[61]
天福(06868) - 2022 - 年度业绩