Financial Performance - The total revenue for the year ended December 31, 2022, was HKD 2,483,114, an increase of 47.7% compared to HKD 1,681,654 in 2021[2] - The gross profit for 2022 was HKD 1,112,245, representing a gross margin of approximately 44.8%, up from HKD 570,532 in 2021[2] - The net profit for the year was HKD 532,887, a significant increase of 318.5% from HKD 127,319 in 2021[3] - Basic earnings per share for 2022 were HKD 26.18, compared to HKD 6.18 in the previous year, reflecting a growth of 323.5%[3] - The company reported a profit before tax of HKD 607,842,000 for 2022, significantly higher than HKD 112,612,000 in 2021, marking an increase of around 440.5%[16] - Profit attributable to equity holders was HKD 531.4 million, up 323.6% year-on-year, with basic earnings per share at HKD 0.2618 (2021: HKD 0.0618)[22] Assets and Equity - The total assets as of December 31, 2022, amounted to HKD 4,056,750, an increase from HKD 2,840,990 in 2021[6] - The total equity attributable to the company's equity holders was HKD 1,625,625, compared to HKD 1,247,890 in 2021, showing a growth of 30.3%[6] Cash and Liquidity - The company's cash and cash equivalents increased to HKD 1,172,748 in 2022, up from HKD 517,932 in 2021, indicating improved liquidity[6] - The company held cash and cash equivalents of HKD 1,172.7 million as of December 31, 2022, compared to HKD 517.9 million in 2021[27] Dividends - The company declared a dividend of HKD 162,390 for the year, significantly higher than HKD 38,568 in 2021[3] - The proposed dividend for the year 2022 is HKD 162,390,000, which translates to HKD 0.08 per share, compared to HKD 38,568,000 or HKD 0.019 per share in 2021[17] Inventory and Sales - The inventory as of December 31, 2022, was HKD 884,693, a substantial increase from HKD 531,651 in 2021, indicating potential growth in sales[5] - Total sales volume increased by 10.3% year-on-year, driven by strong demand for eSIM chips and security chips for smart connected vehicles[23] Research and Development - Research and development costs for the year ended December 31, 2022, were HKD 348,071,000, compared to HKD 271,795,000 in 2021, reflecting a year-over-year increase of about 28.1%[13] - Research and development costs rose to HKD 348.1 million (14.0% of revenue) from HKD 271.8 million (16.2% of revenue) in 2021, focusing on security chip development[24] - Government grants recognized as income increased by 134.5% to HKD 18.9 million due to higher R&D costs[25] Financing and Liabilities - The company reported a net financing income of HKD 14,060 for 2022, compared to HKD 2,428 in 2021, reflecting improved financial management[2] - The net financing costs for 2022 were HKD 25,410,000, a decrease from HKD 26,828,000 in 2021, showing a reduction of approximately 5.3%[14] - Contract liabilities recognized as of December 31, 2022, amounted to HKD 406,216,000, up from HKD 34,968,000 in 2021, indicating a substantial increase in customer prepayments[10] Employment and Governance - As of December 31, 2022, the group employed approximately 420 employees, with total employee benefits expenditure amounting to HKD 299.2 million[29] - The group has a rigorous recruitment policy and performance evaluation plan to ensure the retention of talented employees[29] - The company complied with all applicable provisions of the corporate governance code as per the listing rules for the year ended December 31, 2022[31] Audit and Reporting - The audit committee reviewed the audited consolidated financial statements for the year ended December 31, 2022[30] - The auditor, PwC, confirmed that the figures in the financial statements are consistent with the audited consolidated financial statements for the year ended December 31, 2022[32] - The 2022 annual report will be published on the company's website and the Hong Kong Stock Exchange website at a later date[33] Future Outlook - The company anticipates a challenging operating environment in 2023 due to increased competition and changing market dynamics, but expects to maintain a good operating trend in the first half[26] - The company plans to enhance R&D investments in security chips for smart connected vehicles and the Internet of Things, aligning with market demands[26]
中电华大科技(00085) - 2022 - 年度业绩