Financial Performance - For the fiscal year ending December 31, 2022, the company reported a profit of 134.3 million HKD, an increase from 106.5 million HKD in the previous year, representing a growth of approximately 26.1%[22] - The company’s total comprehensive income for the year was reported at 113.9 million HKD, compared to 110.1 million HKD in the previous year[22] - The company's revenue for the fiscal year ending December 31, 2022, was approximately HKD 823.7 million, an increase of about HKD 60.6 million or approximately 7.9% compared to HKD 763.1 million for the fiscal year ending December 31, 2021[36] - Gross profit for the fiscal year ending December 31, 2022, was approximately HKD 262.5 million, an increase of about HKD 41.5 million or approximately 18.8% from HKD 221.0 million in the previous year[36] - Net profit attributable to equity holders for the fiscal year ending December 31, 2022, was approximately HKD 134.3 million, an increase of about HKD 27.8 million or approximately 26.1% from HKD 106.5 million in the previous year[36] - Basic earnings per share for the fiscal year ending December 31, 2022, was approximately HKD 0.3741, compared to HKD 0.2967 for the fiscal year ending December 31, 2021[36] Expenses and Costs - The company's general and administrative expenses increased from approximately 84.5 million HKD for the year ending December 31, 2021, to about 91.8 million HKD for the year ending December 31, 2022, an increase of approximately 7.3 million HKD[3] - Employee benefits expenses rose from approximately 40.3 million HKD to about 47.4 million HKD, reflecting an increase of approximately 7.1 million HKD due to a rise in total employee count[3] - The cost of goods sold increased to HKD 561,198,000 in 2022 from HKD 542,097,000 in 2021, a rise of 3.5%[51] - Total tax expense for the year was HKD 26,720,000 in 2022, up from HKD 19,360,000 in 2021, an increase of 38.5%[54] Revenue Sources - Revenue from external customers in Hong Kong for the fiscal year 2022 was HKD 84.9 million, a significant increase from HKD 13.2 million in 2021[33] - Revenue from external customers in mainland China for the fiscal year 2022 was HKD 84.3 million, a decrease from HKD 92.7 million in 2021[33] - Total revenue from external customers amounted to HKD 169.3 million in 2022, compared to HKD 105.8 million in 2021[33] - Revenue from Europe for the year 2022 was HKD 743.5 million, up from HKD 676.5 million in 2021, representing an increase of approximately 9.9%[77] - Revenue from Asia for the year 2022 was HKD 54.0 million, an increase of approximately 31.4% from HKD 41.1 million in 2021[77] - Revenue from the United States decreased to HKD 20.1 million in 2022 from HKD 43.3 million in 2021, a decline of approximately 53.6%[77] Dividends - The company plans to propose a final dividend of 19.3 HKD cents per share for the fiscal year ending December 31, 2022, compared to 16.0 HKD cents per share in the previous year, pending approval at the upcoming annual general meeting[17] - The proposed dividend for 2022 is HKD 19.3 per share, compared to HKD 16.0 per share in 2021, an increase of 20.6%[55] - The anticipated payment of the final dividend is subject to approval at the 2023 Annual General Meeting, with expected payment on or before June 14, 2023[114] Assets and Liabilities - Total non-current assets increased to HKD 171,106,000 in 2022 from HKD 106,961,000 in 2021, representing a growth of 60.0%[40] - Current assets decreased to HKD 199,837,000 in 2022 from HKD 253,231,000 in 2021, a decline of 21.0%[40] - Total liabilities decreased to HKD 231,924,000 in 2022 from HKD 276,291,000 in 2021, a reduction of 16.0%[40] - As of December 31, 2022, the group had no significant or contingent liabilities, consistent with the previous year[101] Market and Operational Outlook - The ongoing military conflict in Ukraine may negatively impact the company's sales and performance due to potential disruptions in the European and global supply chains[5] - The group maintained a cautious yet optimistic outlook due to the reopening of borders in China and a rebound in market sentiment, indicating potential growth opportunities in new markets such as South America and Southeast Asia[65] - The company expects a clearer business environment in 2023, leveraging its core competitive strengths to explore new market opportunities[94] - The group has been actively engaging with clients to explore new projects and enhance market share in a rapidly changing consumer environment[65] Risk Management - The company maintains a close monitoring of foreign exchange risks, as it conducts transactions primarily in USD and RMB, without any hedging policies in place[4] - The group faces risks related to consumer preferences and macroeconomic factors that could adversely affect sales[104] - The group may experience delays in the use of net proceeds due to the need for additional time for new product development and market expansion[111] Capital Expenditures and Investments - The group has committed to capital expenditures for the purchase of properties, plants, and equipment totaling approximately HKD 4.2 million, with about HKD 3.8 million funded through the net proceeds from the share issuance in 2019[100] - The planned use of net proceeds includes upgrading production facilities and enhancing production capacity, with an allocation of HKD 50.4 million, up from HKD 46.3 million in the previous year[110] - The group aims to strengthen product design and development capabilities, allocating HKD 31.6 million, an increase from HKD 14.9 million[110] - The group has committed to upgrading its information technology systems with an allocation of HKD 5.7 million, up from HKD 2.3 million[110] Compliance and Governance - The group has complied with all relevant laws and regulations in Hong Kong and China as of the announcement date[108]
登辉控股(01692) - 2022 - 年度业绩