Financial Performance - Total revenue for the year ended December 31, 2022, was RMB 2,675.3 million, a decrease of 26.1% from RMB 3,618.9 million in 2021[2] - Gross profit for 2022 was RMB 1,699.6 million, down 28.0% from RMB 2,360.6 million in 2021[2] - Net profit for the year was RMB 137.1 million, a significant decline of 59.5% compared to RMB 338.8 million in 2021[2] - The gross profit for the year was RMB 1,699.6 million, down 28.0% from RMB 2,360.6 million in the previous year[33] - The net profit for the year was RMB 137.1 million, representing a decline of 59.5% compared to RMB 338.8 million in 2021[33] - The basic and diluted earnings per share for the year were RMB 0.41, down from RMB 0.94 in 2021[33] - The basic earnings per share for 2022 was RMB 0.41, a decline of 56.4% from RMB 0.94 in 2021[50] Revenue Breakdown by Brand - Revenue from the brand Han Shu was RMB 1,267.4 million in 2022, representing a 22.3% decrease and accounting for 47.4% of total revenue[5] - Revenue from the brand Yi Ye Zi was RMB 529.9 million, down 36.2% from the previous year, contributing 19.8% to total revenue[6] - Revenue from the brand Hong Se Xiao Xiang was RMB 655.1 million, a decrease of 24.8%, making up 24.5% of total revenue[7] - Combined revenue from the three main brands was RMB 2,452.4 million, a decline of 26.4%, contributing 91.7% to total revenue[7] - The revenue contribution from the brand 韩束 was RMB 1,267.4 million, accounting for 47.4% of total revenue, down 22.3% from RMB 1,631.1 million in 2021[18][19] - The brand 一叶子 generated revenue of RMB 529.9 million, representing 19.8% of total revenue, a decrease of 36.2% from RMB 830.7 million in 2021[18][19] - 红色小象's revenue was RMB 655.1 million, making up 24.5% of total revenue, down 24.8% from RMB 871.2 million in 2021[18][19] New Initiatives and Brand Strategies - The company plans to enhance the Han Shu brand's market position in the anti-aging skincare segment and invest in advanced technology and product quality[5] - Yi Ye Zi aims to establish itself as a leading brand in plant-based skincare, focusing on organic and environmentally friendly products[6] - Hong Se Xiao Xiang seeks to maintain its leadership in the maternal and infant care sector by developing safe and organic skincare products[7] - The company launched new brands such as 一页 and 安敏优 in May and June 2022, respectively, with 一页 generating over RMB 25.5 million in revenue since its launch[8] Research and Development - Research and development expenses were RMB 110.3 million in 2022, accounting for 4.1% of total revenue, up from RMB 104.7 million or 2.9% in 2021[11] - The company is committed to continuous investment in R&D to drive product innovation and respond quickly to market trends[15] - R&D costs increased by 5.3% from RMB 104.7 million in 2021 to RMB 110.3 million in 2022[27] - 12.2% of the net proceeds (approximately HKD 104.9 million) is designated for enhancing R&D capabilities through fundamental research and product development[61] Cash Flow and Assets - Cash and cash equivalents increased significantly to RMB 1,147.7 million as of December 31, 2022, compared to RMB 145.2 million at the end of 2021[30] - As of December 31, 2022, the group's total assets were RMB 2,538.3 million, compared to RMB 2,129.5 million in 2021, reflecting an increase of 19.2%[36] - The group's cash and cash equivalents increased significantly to RMB 1,147.7 million from RMB 145.2 million in 2021, marking a growth of 694.5%[36] - The group had pledged bank deposits of RMB 11.5 million as of December 31, 2022, compared to zero in the previous year[32] - Approximately 28.5% of the group's cash and bank balances were denominated in RMB, down from 91.5% in 2021, while 70% was in HKD, a new addition[32] - The group's non-current assets totaled RMB 893.5 million, a decrease of 6.1% from RMB 951.5 million in 2021[36] - The total equity attributable to the owners of the parent company increased to RMB 1,705.1 million from RMB 949.9 million in 2021, reflecting an increase of 79.3%[38] Expenses and Taxation - Selling and distribution expenses as a percentage of revenue rose from 43.4% in 2021 to 47.0% in 2022, despite a decrease in total expenses from RMB 1,572.3 million to RMB 1,257.7 million[25] - Administrative expenses decreased from RMB 261.6 million in 2021 to RMB 223.4 million in 2022[26] - The financial cost for 2022 was RMB 20,474,000, slightly down from RMB 20,934,000 in 2021[46] - The total income tax expense for 2022 was RMB 17,152,000, significantly lower than RMB 69,353,000 in 2021, indicating a decrease of 75.3%[47] Shareholder Information - The proposed final dividend per share for 2022 is RMB 0.25, down from approximately RMB 0.56 in 2021[52] - The board has proposed a final dividend of RMB 0.25 per share for the year ended December 31, 2022, compared to approximately RMB 0.56 per share in 2021[67] - Shareholders listed on June 26, 2023, will be entitled to receive the final dividend, with share transfer registration suspended from June 21, 2023, to June 26, 2023[68] Compliance and Governance - The audit committee has reviewed the consolidated annual results for the year ended December 31, 2022, and found them to comply with applicable accounting standards[64] - The company has not engaged in any major litigation or arbitration during the reporting period[59] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[59] - The annual report for the year ended December 31, 2022, will be sent to shareholders and published on the Hong Kong Stock Exchange and the company's website[68]
上美股份(02145) - 2022 - 年度业绩