Financial Performance - Total revenue for the year ended December 31, 2022, reached HKD 8,062.7 million, a 12.0% increase from HKD 7,195.9 million in 2021[2] - Annual profit increased by 16.1% to HKD 1,268.2 million, compared to HKD 1,092.2 million in the previous year[2] - The company's net profit for the year was HKD 1,268,203 thousand, reflecting a 16.1% increase compared to HKD 1,092,242 thousand in the previous year[16] - The company's earnings per share (EPS) increased by 18.3% to HKD 1.170 for the year ended December 31, 2022, compared to HKD 0.989 in 2021[17] - The gross profit for the year was HKD 3,306,141 thousand, compared to HKD 2,827,197 thousand in the previous year, indicating a gross margin improvement[40] - The operating profit for the year was HKD 1,429,342 thousand, an increase from HKD 1,277,972 thousand in 2021, showing a growth of about 11.8%[40] - The total equity attributable to the company's shareholders was HKD 6,934,826 thousand, compared to HKD 6,487,129 thousand in the previous year, reflecting an increase of 6.9%[43] - The total liabilities amounted to HKD 2,584,479 thousand, an increase from HKD 2,364,722 thousand, representing a rise of 9.3%[43] - The company reported a decrease in other income to HKD 64,915 thousand from HKD 96,315 thousand in the previous year, a decline of about 32.5%[40] - The company incurred a total tax expense of HKD 162,905,000 for the year, compared to HKD 182,205,000 in 2021[59] Revenue Breakdown - Sales of Android smart payment terminals grew significantly by 37.4% to HKD 4,438.3 million, accounting for over 50% of total revenue[5] - Revenue from electronic payment terminal products increased by 11.7% to HKD 7,836.70 million in 2022, driven by strong sales of Android smart terminals[19] - Service revenue grew by 25.1% to HKD 226.00 million, primarily due to increased income from SaaS solutions[21] - The company operates primarily in China, with revenue from external customers in China (excluding Hong Kong, Macau, and Taiwan) amounting to HKD 6,874,227 thousand[53] Market Performance - The company achieved a strong performance in the EMEA region with a revenue growth of 41.5%, surpassing HKD 2.5 billion for the first time[7] - In Latin America, the company maintained its position as the leading payment terminal supplier for five consecutive years, despite economic challenges in Brazil[6] - In North America, the company reported a 35.4% year-on-year sales increase, surpassing HKD 1 billion for the first time, with Android product sales growing over 60% compared to the previous year[10] - In the Asia-Pacific region, the company achieved record sales in India, with sales growth driven by the shift from traditional payment terminals to Android smart payment solutions, particularly the A series products[8] - In Indonesia, sales more than doubled, supported by government initiatives under the "2025 Indonesian Payment System Blueprint," positioning Indonesia as a key growth driver for the company in the Asia-Pacific region[9] Strategic Initiatives - The company plans to enhance its MAXSTORE platform, which has integrated over 8 million payment terminals and offers more than 8,500 software and business applications[5] - The company plans to continue investing in payment acceptance technology solutions, focusing on product innovation, quality, and security for 2023[11] - The company aims to expand its global sales network and strengthen partnerships to increase market share in international markets[13] - The company has set clear development goals to explore potential markets in Southeast Asia, the Middle East, and Africa, while seeking synergistic acquisition and investment opportunities[14] - The company is committed to strengthening supply chain management and flexibility to capture future market opportunities, with a new industrial park in Huizhou expected to be completed by the end of 2023[15] Employee and Governance - The total number of employees as of December 31, 2022, was 1,712, up from 1,654 in 2021, reflecting a growth of approximately 3.5%[36] - The company has maintained a focus on ensuring competitive compensation packages for employees, including fixed salaries and performance-related bonuses[38] - The board of directors includes three executive directors and three independent non-executive directors[85] - The company is committed to transparency and governance as indicated by the board structure[85] Dividends and Shareholder Returns - The interim dividend declared for 2022 was HKD 0.17 per share, totaling approximately HKD 183,341,000, compared to HKD 0.12 per share and HKD 131,636,000 in 2021, marking an increase of about 39.2%[65] - The proposed final dividend for 2022 is HKD 0.19 per share, amounting to approximately HKD 205,165,000, compared to HKD 0.15 per share and HKD 162,855,000 in 2021, representing an increase of about 27.0%[65] - The total dividend per share for the year ending December 31, 2022, is HKD 0.36, compared to HKD 0.27 in 2021, reflecting a 33% increase[78] Financial Position - Cash and cash equivalents amounted to HKD 3,160.20 million as of December 31, 2022, down from HKD 3,533.00 million in 2021, with no borrowings reported[29] - Current ratio was 3.3 and quick ratio was 2.2 as of December 31, 2022, indicating strong liquidity[30] - The total assets as of December 31, 2022, amounted to HKD 9,490,329 thousand, an increase from HKD 8,821,278 thousand in 2021, reflecting a growth of about 7.6%[42] - The cash and cash equivalents as of December 31, 2022, were HKD 3,160,238 thousand, down from HKD 3,532,954 thousand in the previous year, indicating a decrease of approximately 10.6%[42] Compliance and Audit - The audit committee has reviewed the accounting policies and the audited consolidated financial statements for the year ending December 31, 2022, ensuring accuracy in financial reporting[82] - The company has adopted a written code of conduct for securities transactions, confirming compliance with the standards set forth in the listing rules[80] - The company has maintained sufficient public float as per listing rules throughout the year, ensuring compliance with regulatory requirements[83]
百富环球(00327) - 2022 - 年度业绩