Financial Performance - The group's total revenue for the year was HKD 933,461,000, representing a decrease of approximately 9% compared to the previous year[18]. - The operating profit for the year was HKD 152,708,000, a decline from HKD 240,848,000 in the previous year[11]. - The net profit attributable to the company's owners for the year was HKD 154,462,000, compared to HKD 221,043,000 in the previous year[22]. - The group's gross profit was HKD 769,790,000, down from HKD 868,327,000 in the previous year[11]. - The group reported a basic and diluted earnings per share of HKD 15.73 for the year, compared to HKD 22.51 in the previous year[21]. - The group’s net profit attributable to shareholders for the year was HKD 154,462,000, a decrease of approximately 30% from HKD 221,043,000 in the previous year[114]. - The group's basic earnings per share were HKD 0.157, down from HKD 0.225 in the previous year[75]. Expenses and Costs - Administrative expenses for the year amounted to HKD 153,775,000, down 10% from HKD 170,680,000 in the previous year, primarily due to impairment losses related to mask manufacturing[8]. - Distribution and marketing costs totaled HKD 406,197,000, down 6% from HKD 430,022,000 in the previous year, primarily due to reduced sales expenses from domestic retail and e-commerce sales[53]. - The company reported a cost of goods sold of HKD 645,919,000, up from HKD 503,857,000 in the previous year[43]. - The group incurred operating expenses of HKD 27,853,000 and impairment provisions of HKD 10,703,000 related to the newly opened cultural lifestyle stores in Shanghai and Guangzhou[117]. - Overall expenses for the year increased to HKD 18,356,000, up from HKD 15,188,000 last year due to the absence of local government wage subsidies and rising sales-related costs[122]. Assets and Liabilities - The group's non-current assets totaled HKD 3,070,818,000, down from HKD 3,236,149,000 in the previous year[12]. - The total assets amounted to HKD 5,490,787,000, while total liabilities were HKD 1,043,404,000[60]. - The group’s total equity was HKD 4,447,383,000, reflecting a slight increase from HKD 4,624,740,000 in the previous year[60]. - The group’s current assets and liabilities were HKD 2,419,969,000 and HKD 586,828,000 respectively, resulting in a current ratio of 4.1[100]. - As of December 31, 2022, the group had no bank loans or overdrafts, with a debt-to-equity ratio of zero[131]. Investment Properties - The group recorded a loss on the fair value of investment properties of HKD 18,786,000, compared to HKD 13,897,000 in the previous year[55]. - The total value of the investment property portfolio at year-end was approximately HKD 2,775,582,000, a decrease of about 7% from HKD 2,994,394,000 at the end of last year, with a fair value loss of HKD 57,110,000 recorded[123]. - Rental and property management fee income for the year was HKD 154,866,000 and HKD 40,787,000 respectively, representing an overall increase of about 5% compared to last year[123]. - The rental and property management fee income from the Guangzhou "Goldlion Digital Network Building" increased by approximately 4% year-on-year, with an overall occupancy rate of about 81%, up from 78% last year[124]. - The direct operating expenses of investment properties generating rental income were HKD 38,483,000, slightly down from HKD 40,797,000 in the previous year[43]. Market Performance - Self-operated retail sales in China decreased by 23% year-on-year in RMB terms, with a decline of 27% when excluding stores acquired since April of the previous year[86]. - The clothing business and franchise income decreased by 9% and 10% respectively compared to the previous year[79]. - The group's e-commerce performance fell short of expectations, with sales in RMB down approximately 10% year-on-year, primarily due to weakened clothing demand and delivery disruptions caused by lockdown measures[87]. - The group anticipates continued challenges in the clothing business for 2023, with a cautious outlook for recovery in the market[97]. Dividends and Share Repurchase - The company proposed a final dividend of HKD 0.05 per share, amounting to approximately HKD 48,922,000, down from HKD 68,748,000 in the previous year[49]. - The board believes that the share repurchase will enhance earnings per share and return on assets, benefiting the company's capital structure and shareholder equity[143]. - During the year, the company repurchased a total of 3,678,000 ordinary shares at an average price of HKD 1.192 per share, totaling approximately HKD 4,419,000[143]. - As of December 31, 2022, the total number of issued shares was 978,436,035, down from 982,114,035 in the previous year[146]. Future Plans - The group plans to enhance domestic apparel business operations and improve the performance of new businesses "Goldlion 3388" and "g+"[127]. - The group aims to improve the rental situation of the "Goldlion Digital Network Building" in Guangzhou and reduce vacancies[129].
金利来集团(00533) - 2022 - 年度业绩