英皇钟表珠宝(00887) - 2022 - 年度业绩

Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 3,684 million, a decrease from HKD 3,927 million in 2021[5] - Gross profit for the year was HKD 1,177 million, with a gross margin of 31.9%, slightly up from 31.3% in 2021[6] - Net profit increased to HKD 222 million, compared to HKD 205 million in 2021, with basic earnings per share rising to HKD 3.28 from HKD 3.02[6] - The group reported total revenue of HKD 3,684,261,000, a decrease of 6.2% from HKD 3,926,608,000 in 2021[29] - The group achieved a gross profit of HKD 1,177,262,000, down from HKD 1,229,505,000, resulting in a gross margin of approximately 31.9%[29] - The net profit for the year was HKD 222,125,000, representing an increase of 8.5% compared to HKD 204,695,000 in 2021[29] - The operating profit for the year ended December 31, 2022, was HKD 256,269,000, compared to HKD 277,244,000 for the previous year, showing a decline of about 7.5%[63] - The company reported segment profit of HKD 481,037,000 for the year ended December 31, 2022, compared to HKD 504,142,000 in 2021, indicating a decrease of about 4.6%[63] - The company's profit before tax for 2022 was HKD 222,125,000, an increase from HKD 204,695,000 in 2021, representing a growth of approximately 8.3%[87] Revenue Breakdown - The jewelry and watch segments accounted for 81.9% and 18.1% of total revenue, respectively, with sales of HKD 3,018 million and HKD 667 million[5] - Revenue from watch sales was HKD 3,008,968,000 in 2022, down from HKD 3,265,202,000 in 2021, indicating a decrease of about 7.9%[70] - Revenue from the Macau segment was HKD 370,731,000 in 2022, up from HKD 216,137,000 in 2021, reflecting an increase of approximately 71.6%[62] - Revenue from the China segment was HKD 1,227,807,000 in 2022, compared to HKD 1,186,332,000 in 2021, showing a growth of about 3.5%[62] Store Expansion and E-commerce - The company opened three jewelry stores in Hong Kong and four in mainland China during the year, with plans for further expansion in 2023[11] - The retail network consists of 93 stores across Hong Kong, Macau, mainland China, Singapore, and Malaysia, with 75% of mainland stores located in first-tier and new first-tier cities[10] - The company launched several new jewelry collections, including designs featuring diamonds and jade, aimed at different customer segments[13] - E-commerce initiatives were strengthened, expanding online sales to include watches and collaborating with Tudor for online promotion[16] - The company plans to open new jewelry stores in locations such as Tai Wai and Kwun Tong in Hong Kong, and Chengdu and Hebei in mainland China in 2023[17] - The company plans to continue expanding its market presence in the Asia-Pacific region, particularly in Singapore and Malaysia[58] Financial Position and Liquidity - The group’s cash and cash equivalents increased to HKD 664,400,000 from HKD 556,300,000 in 2021, with no bank borrowings as of December 31, 2022[24] - The current ratio improved to 8.1 from 6.4 in 2021, indicating enhanced liquidity[25] - The group has approximately HKD 942,600,000 in undrawn bank financing available for future use[24] - Employee costs for the year totaled HKD 262,900,000, a decrease from HKD 288,500,000 in 2021, reflecting a strategic focus on cost control[24] - Trade receivables as of December 31, 2022, were HKD 52,393,000, down from HKD 54,589,000 in 2021, a decrease of approximately 4.0%[89] - Trade payables as of December 31, 2022, amounted to HKD 51,362,000, a slight decrease from HKD 51,394,000 in 2021[93] Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.62 per share, up from HKD 0.35 per share in 2021, subject to shareholder approval[26] - The total dividend declared for 2022 was HKD 49,490,000, slightly higher than HKD 47,456,000 in 2021, showing a year-on-year increase of about 4.3%[86] Compliance and Governance - The company has complied with all corporate governance codes as per the listing rules during the year[97] - The company has not early adopted any new or revised standards that have been issued but are not yet effective[43] - The company has maintained a credit period of 30 to 60 days granted by creditors[93] Auditing and Reporting - The company’s auditors issued an unqualified opinion on the financial statements for the two years, indicating no significant issues were raised[40] - The audited financial statements for the year ended December 31, 2022, were approved by the auditors and the board on March 23, 2023[95] - The company plans to publish its annual report and has made the annual performance announcement available on the stock exchange website[101]