Financial Performance - Total revenue for the year ended December 31, 2023, was approximately HKD 1,281.8 million, a decrease of about 3.9% compared to HKD 1,334.3 million for the year ended December 31, 2022[4] - Gross profit for the same period was approximately HKD 956.1 million, down 4.5% from HKD 1,001.2 million in the previous year[4] - The loss attributable to the owners of the company was approximately HKD 72.2 million, an increase of about 40.8% compared to a loss of HKD 51.2 million in the prior year[4] - Basic loss per share was approximately HKD 0.1708, an increase of HKD 0.0495 from HKD 0.1213 in the previous year[4] - The company reported a total comprehensive loss attributable to owners of approximately HKD 114.36 million for the year, compared to HKD 244.90 million in the previous year[7] - The company reported a pre-tax loss of HKD 72,168,000 for 2023, compared to a loss of HKD 51,239,000 in 2022, indicating a worsening of 40.9%[23] - Basic loss per share for 2023 was HKD 17.08, compared to HKD 12.13 in 2022, reflecting an increase in loss per share of 40.5%[23] - The loss attributable to the company's owners was approximately HKD 72,168,000, compared to a loss of HKD 51,239,000 in the previous year[30] Assets and Liabilities - Total non-current assets as of December 31, 2023, were approximately HKD 2,002.96 million, a slight decrease from HKD 2,030.07 million in 2022[9] - Current assets totaled approximately HKD 859.51 million, down from HKD 946.73 million in the previous year[9] - Current liabilities increased to approximately HKD 359.01 million from HKD 265.14 million in 2022[9] - The net asset value of the company was approximately HKD 2,158.38 million, down from HKD 2,272.33 million in the previous year[9] - Total non-current assets decreased to HKD 1,904,461,000 in 2023 from HKD 1,955,532,000 in 2022, a reduction of 2.6%[15] - The total accounts receivable as of the reporting date was HKD 45,204,000, down from HKD 47,443,000 in the previous year[12] - The total accounts payable increased to HKD 69,124,000 from HKD 39,028,000 in the previous year, indicating a significant rise in liabilities[25] - As of December 31, 2023, the company's cash and cash equivalents were approximately HKD 283,610,000, down from HKD 380,178,000 in 2022, while interest-bearing bank borrowings decreased to HKD 288,312,000 from HKD 327,472,000[52] - The company's debt ratio was approximately 13.4% as of December 31, 2023, a slight decrease from 14.4% in 2022[52] Dividends - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[4] - The company did not declare a final dividend for the year ending December 31, 2023[21] - The company did not recommend a final dividend due to the uncertain economic outlook, aiming to preserve cash for long-term financial strength[30] - The board of directors resolved not to declare a final dividend for the year ended December 31, 2023[64] Revenue Breakdown - Retail revenue amounted to HKD 875,508,000, remaining stable year-on-year, accounting for 68.31% of total revenue[43] - Online sales decreased by 10.4% to HKD 368,648,000, representing 28.76% of total revenue, attributed to a shift towards offline consumption as pandemic restrictions eased[43] - The flagship brand, Anlifang, generated revenue of HKD 709,065,000, an increase of 1.71%, while the younger brand, Fendi, saw a decline of 19.43% to HKD 204,761,000[45] - The group's revenue for the year was HKD 1,281,753,000, a decrease of 3.94% compared to the previous year, primarily due to the depreciation of the RMB[43] Operating Expenses and Costs - Operating expenses increased by 2.58% to HKD 881,430,000, accounting for 68.77% of total revenue, due to increased investment in sales and marketing[49] - Employee costs totaled HKD 455,603,000, a decrease from HKD 464,669,000 in the previous year, with the number of employees at approximately 4,390[42] - The company incurred financing costs of HKD 19,959,000 in 2023, an increase of 63.5% from HKD 12,175,000 in 2022[17] Strategic Initiatives - The group plans to enhance brand promotion and marketing strategies, including collaborations with influencers and increased online presence[33] - The company is focusing on sustainable development by launching eco-friendly product lines and promoting environmental awareness through various campaigns[34] - The group launched several new product lines, including the "Rose Garden" and "Ultimate Black Label" from Anlifang, and the "Vintage Archives" from Fendi, among others[38] - The group emphasized green and eco-friendly practices, launching the "Ocean Heart" series made from bio-based materials to reduce reliance on petroleum by-products[39] - In 2024, the company plans to enhance product development for online shopping, improve product adaptability, and strengthen partnerships with low-carbon material suppliers to develop eco-friendly products[61] - The company will continue to implement a multi-brand strategy to explore different market segments and adjust offline store numbers to save costs while expanding online sales channels[61] Economic Outlook - The overall economic recovery has been slower than expected, impacting retail consumption and consumer confidence[29] - The company anticipates limited growth in the overall lingerie industry in 2024, with a cautious outlook on the domestic economy due to ongoing geopolitical tensions and weak international trade[60] Compliance and Reporting - The company has maintained compliance with the corporate governance code throughout the reporting period[67] - The independent auditor, Ernst & Young, confirmed that the financial figures in the preliminary performance announcement align with the consolidated financial statements for the year ending December 31, 2023[70] - The 2023 annual report will include all information required by the listing rules and will be sent to shareholders at an appropriate time[72]
安莉芳控股(01388) - 2023 - 年度业绩