Financial Performance - For the year ended December 31, 2022, the company's revenue was approximately HKD 8,256 million, a decrease of about 26.8% year-on-year[3] - The gross profit for the same period was approximately HKD 464 million, down about 61.8% year-on-year[3] - The gross profit margin decreased to approximately 5.6%, down from about 10.7% in the previous year[3] - The net profit attributable to equity holders of the company was approximately HKD 172 million, an increase of about 6.0% year-on-year[3] - Basic earnings per share attributable to equity holders was approximately HKD 20.4 cents, up about 6.3% from HKD 19.2 cents in the previous year[5] - The total comprehensive income for the year was approximately HKD (1,039 million), compared to HKD 409 million in the previous year[7] - Total revenue for the year 2022 was HKD 8,255,947, a decrease of 26.9% from HKD 11,282,979 in 2021[27] - Revenue from mainland China (excluding Hong Kong) was HKD 7,942,911 in 2022, down 28.8% from HKD 11,076,119 in 2021[27] - The group reported a pre-tax profit of HKD 172,149,000 for the year, an increase from HKD 162,396,000 in 2021, representing a growth of 4.6%[37] Assets and Liabilities - Non-current assets decreased to approximately HKD 7,546 million from HKD 9,040 million year-on-year[9] - Current assets decreased to approximately HKD 6,644 million from HKD 8,209 million year-on-year[9] - Current liabilities decreased to approximately HKD 5,614 million from HKD 7,295 million year-on-year[9] - The company's net asset value decreased to HKD 7,443,287 in 2022 from HKD 8,547,701 in 2021, representing a decline of 12.9%[11] - The total non-current liabilities decreased to HKD 1,132,345 in 2022 from HKD 1,406,415 in 2021, a reduction of 19.5%[11] - As of December 31, 2022, the total bank borrowings amounted to approximately HKD 4,043 million, a decrease from HKD 4,853 million the previous year[58] Cash Flow and Income - The company's cash and cash equivalents increased to approximately HKD 1,707 million from HKD 849 million year-on-year[9] - The net cash flow from operating activities increased significantly to approximately HKD 2,256 million from HKD 709 million in the previous year, mainly due to a decrease in inventory and trade receivables[60] - Interest income for 2022 was HKD 8,676, a decrease from HKD 10,495 in 2021[28] - The company reported a total of HKD 1,093,976 in other income for 2022, significantly up from HKD 180,197 in 2021[28] - Other income and gains increased significantly by 507.1% to approximately HKD 1,094,000,000, accounting for about 13.3% of total revenue[54] Expenses and Costs - The cost of goods sold for the year was HKD 7,792,204,000, down from HKD 10,070,265,000 in the previous year, indicating a decrease of 22.6%[31] - The group’s depreciation expense for property, plant, and equipment was HKD 1,001,293,000 in 2022, slightly down from HKD 1,053,492,000 in 2021, a decrease of 4.9%[31] - The total interest expense on financial liabilities not measured at fair value through profit or loss was HKD 132,277,000 for 2022, compared to HKD 73,596,000 in 2021, reflecting an increase of 79.5%[30] - The group recorded other expenses of approximately HKD 392,000,000, a significant increase of 164.0% compared to the previous year, primarily due to asset impairments[56] Dividends and Shareholder Returns - The proposed final dividend per ordinary share is HKD 0.05, down from HKD 0.08 in the previous year, resulting in a total proposed dividend of HKD 60,000,000 compared to HKD 96,001,000 in 2021[36] - The proposed final dividend is HKD 0.05 per share, totaling approximately HKD 60 million, down from HKD 96 million the previous year[70] Operational Changes and Strategy - The company primarily engages in the production and sale of notebook computer casings and handheld device casings, operating as a single business segment[20] - The company completed the integration and relocation of three production facilities in Jiangsu Province, aiming to enhance production efficiency and reduce administrative costs[52] - The company plans to gradually shift some production capacity to Vietnam to leverage cost advantages in manufacturing[52] - The company remains cautiously optimistic about the industry's future, focusing on cost reduction and efficiency improvements[53] Employment and Workforce - The group employed approximately 30,000 staff, a decrease from 38,000 in the previous year, with employee costs amounting to approximately HKD 2,481 million[66] Governance and Compliance - The board of directors believes that having the same person serve as both chairman and CEO enhances management under consistent leadership and improves the formulation and execution of the overall strategy[73] - The company has adopted and applied a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the Listing Rules[75] - The audit committee has reviewed the accounting policies, standards, and practices adopted by the group, as well as the consolidated financial information and performance for the year[81] - The consolidated financial statements for the year ended December 31, 2022, have been verified by the company's auditor, Ernst & Young, and are consistent with the figures reported in the annual financial statements[82] - The company is committed to regularly reviewing its management structure and making necessary changes as appropriate[74] - The annual performance announcement and annual report will be made available to shareholders and on the company's website as per the Listing Rules[83]
巨腾国际(03336) - 2022 - 年度业绩