英皇钟表珠宝(00887) - 2023 - 年度业绩

Financial Performance - The group's revenue for the year ended December 31, 2023, was HKD 4,823,223,000, representing a 30.8% increase from HKD 3,684,261,000 in 2022[9] - The gross profit for the same period was HKD 1,450,281,000, up 23.1% from HKD 1,177,262,000 in 2022[9] - The net profit for the year was HKD 299,219,000, an increase of 34.7% compared to HKD 222,125,000 in 2022[9] - Total revenue for the year increased by 30.9% to HKD 4,823,200,000, compared to HKD 3,684,300,000 in 2022[33] - Gross profit rose by 23.2% to HKD 1,450,300,000, up from HKD 1,177,300,000 in the previous year[34] - Net profit increased by 34.7% to HKD 299,200,000, compared to HKD 222,100,000 in 2022[34] - Basic earnings per share improved by 34.5% to HKD 4.41, up from HKD 3.28 in the prior year[34] - The adjusted EBITDA increased by 25.0% to HKD 470,000,000 from HKD 376,000,000 in 2022[36] Dividend Information - The company plans to pay a final dividend of HKD 0.56 per share, down from HKD 0.62 per share in 2022, pending shareholder approval[3] - The company declared a total dividend of HKD 93,557,000 for the year 2023, compared to HKD 42,033,000 for the previous year, reflecting a substantial increase[101] - The company proposed a final dividend of HKD 0.56 per share for 2023, down from HKD 0.62 per share in 2022, reflecting a decrease of 9.7%[116] Operational Expansion - The group has established a strategic sales network in prime locations in Hong Kong and mainland China, with over 80% of stores located in tier-one and new tier-one cities[11] - The company has expanded its e-commerce business by establishing jewelry operations on several online shopping platforms, including HKTV Mall, Tmall, and JD.com[14] - The company plans to continue expanding its retail network in Hong Kong and major cities in mainland China[26] - The company aims to leverage its brand reputation in China to expand its market presence in Hong Kong and mainland China amid uncertain economic conditions[15] Employee and Cost Information - The total employee cost for the year was HKD 340,000,000, an increase from HKD 262,900,000 in 2022, with a workforce of 1,008 employees[17] - The company reported a total employee cost of HKD 339,996,000 in 2023, up from HKD 262,910,000 in 2022, which is an increase of approximately 29.3%[96] Asset and Liability Overview - The group reported a cash balance of HKD 619,600,000 as of December 31, 2023, down from HKD 664,400,000 in 2022, with no bank borrowings[16] - Total non-current assets decreased slightly to HKD 1,849,216,000 in 2023 from HKD 1,875,927,000 in 2022, reflecting a decline of 1.4%[39] - Current assets increased significantly to HKD 3,859,148,000 in 2023, up 10.1% from HKD 3,505,902,000 in 2022[39] - Inventory levels rose sharply to HKD 3,060,276,000 in 2023, a 13.2% increase from HKD 2,703,418,000 in 2022[39] - The company's total equity increased to HKD 5,046,688,000 in 2023, up 4.2% from HKD 4,845,059,000 in 2022[39] - The company reported a significant increase in trade payables and accrued expenses, which rose to HKD 269,059,000 in 2023 from HKD 159,505,000 in 2022, marking a 68.8% increase[39] - Cash and cash equivalents slightly decreased to HKD 458,750,000 in 2023 from HKD 466,192,000 in 2022, a decline of 1.0%[39] Market and Economic Conditions - The total number of visitors to Hong Kong reached 34,000,000, approximately 61% of the 2019 levels, boosting retail activity[38] - The company will continue to monitor market trends and adjust strategies and product offerings to maintain stable business performance[15] Segment Performance - Revenue from Hong Kong and mainland China accounted for 52.0% and 28.5% of total revenue, respectively[33] - The segment profit for Hong Kong was HKD 232,908,000, while Macau and China reported segment profits of HKD 48,680,000 and HKD 210,017,000 respectively, contributing to a total segment profit of HKD 609,402,000[71] - Revenue from watch sales increased to HKD 3,465,488,000 in 2023, up from HKD 3,008,968,000 in 2022, representing a growth of approximately 15.2%[95] - Revenue from jewelry sales surged to HKD 1,342,848,000 in 2023, compared to HKD 666,618,000 in 2022, marking a significant increase of about 101.3%[95] Compliance and Governance - The company confirmed compliance with all corporate governance codes as per the listing rules during the year[128] - The audit committee, along with Deloitte, reviewed the consolidated financial statements for the year, ensuring they were prepared in accordance with applicable accounting standards[127]