Financial Performance - Revenue for the year ended December 31, 2023, reached HKD 1,366,020 thousand, a significant increase of 595.2% compared to HKD 196,479 thousand in 2022[4] - Gross profit for the same period was HKD 339,768 thousand, reflecting a 773.9% increase from HKD 38,881 thousand in the previous year[4] - The profit attributable to owners of the company was HKD 71,657 thousand, a turnaround from a loss of HKD 74,299 thousand in 2022, marking a 196.4% improvement[4] - Basic and diluted earnings per share improved to HKD 14.26 from a loss of HKD 14.79 in the previous year[6] - The gross profit margin increased to 24.9% from 19.8% in 2022, while the operating profit margin rose to 8.4% from -35.4%[4] - Net profit margin improved to 5.2% compared to -37.8% in the previous year[4] - Return on equity for the owners of the company was 151.1%, a significant recovery from -321.7% in 2022[4] - The company reported a total comprehensive income of HKD 59,848 thousand for the year, compared to a loss of HKD 101,825 thousand in 2022[23] Assets and Liabilities - Non-current assets decreased to HKD 416,503 thousand in 2023 from HKD 471,798 thousand in 2022, a decline of approximately 11.7%[25] - Current assets increased to HKD 320,794 thousand in 2023 from HKD 301,117 thousand in 2022, an increase of about 6.5%[25] - Total liabilities decreased to HKD 333,242 thousand in 2023 from HKD 440,901 thousand in 2022, a reduction of approximately 24.5%[25] - The net current liabilities improved significantly from HKD (139,784) thousand in 2022 to HKD (12,448) thousand in 2023[25] - The company's equity increased to HKD 45,145 thousand in 2023 from HKD 20,469 thousand in 2022, representing a growth of approximately 120.5%[26] - The total assets less current liabilities increased to HKD 524,999 thousand in 2023 from HKD 464,155 thousand in 2022, an increase of about 13.1%[25] - The company reported a total asset value of HKD 858,241 thousand in 2023, down from HKD 905,056 thousand in 2022, reflecting a decrease of approximately 5.2%[89] - The total liabilities decreased to HKD 813,096 thousand in 2023 from HKD 884,587 thousand in 2022, a reduction of about 8.0%[89] Cash Flow and Financing - The company reported a net cash received and receivable total of HKD 289,140 thousand in 2023, compared to HKD 66,343 thousand in 2022, indicating a significant increase in cash flow[97] - The company's financing costs were HKD (5,656) thousand in 2023, compared to HKD (17,002) thousand in 2022, reflecting a decrease in financing expenses[89] - The company’s financing costs totaled HKD 23,183,000 in 2023, compared to HKD 22,658,000 in 2022, showing a slight increase[102] - The company received a waiver from the bank for covenant requirements on outstanding loans amounting to approximately HKD 193,808,000, which were reclassified as non-current liabilities[134] - The company reported a tax expense of HKD 19,449 thousand across its segments[85] Market and Operational Strategy - The company has sufficient financial resources to support future operations, as indicated by the removal of major travel restrictions in Japan, which previously impacted business performance[11] - The company plans to continue expanding its market presence and developing new products and technologies to drive future growth[11] - The group anticipates that the new accounting standards will not have a significant impact on its financial data[51] - The group plans to issue its annual report in late April 2024, which will be available on its website[55] - The group has implemented strategic measures to enhance operational efficiency and focus on its strengths in the travel industry[64] - The group expects to continue benefiting from the recovery of the outbound travel market following the lifting of COVID-19 restrictions[63] - The group aims to explore new market opportunities and strategies to adapt to changing traveler preferences, with a cautious outlook on cash management[196] - The group will continue to enhance brand awareness through diversified promotional activities and expand its customer base[198] Employee and Operational Changes - As of December 31, 2023, the total number of employees in the group increased to 419, up from 294 in 2022, with 123 full-time leaders and tour guides[195] - Sales expenses rose by 88.5% to approximately HKD 70,000,000, primarily due to the recruitment of more frontline staff in response to the recovery of the travel market[158] - The group closed all "EGL Market" physical retail stores to refocus resources on its core travel business, while still meeting customer needs through online shopping platforms[64] - The group plans to close all "EGL Market" physical retail stores by the end of October 2023 to refocus resources on its core travel-related business[198] Dividends and Shareholder Returns - The company declared a special dividend of HKD 0.07 per ordinary share, payable on January 18, 2024[116] - The company declared a special dividend of HKD 0.07 per share, totaling HKD 35,171,500, to be distributed on January 18, 2024[163] Segment Performance - The group's revenue for the year reached approximately HKD 1,176,100,000, a significant increase of 973.8% compared to HKD 109,500,000 in 2022, contributing 86.1% to total group revenue[63] - Gross profit for the travel segment was approximately HKD 229,600,000, up 695.6% from HKD 28,900,000 in 2022[63] - Hotel operations generated revenue of approximately HKD 111,600,000, representing a 133.2% increase from HKD 47,900,000 in 2022, with external customer revenue at HKD 93,800,000[65] - Revenue from the tour group segment was HKD 1,176,082,000, with a gross profit of HKD 229,620,000 and a gross margin of 19.5%, up from 26.4% in 2022[147] - Revenue from free travel products and related services increased by 350.8% to approximately HKD 88,800,000, contributing 6.5% to total revenue, with a gross profit of HKD 58,800,000, up 557.3%[152] - Revenue from merchandise sales decreased by 64.8% to approximately HKD 7,400,000, with a gross profit of HKD 2,800,000, but the gross margin improved to 38.4% from 29.7% in 2022[153]
东瀛游(06882) - 2023 - 年度业绩