中广核矿业(01164) - 2022 - 年度业绩

Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 3,648,680, a decrease of 5.5% compared to HKD 3,859,530 in 2021[2] - Gross profit increased to HKD 148,032, up 67.7% from HKD 88,279 in the previous year[2] - The net profit attributable to the company's owners for the year was HKD 514,915, representing a significant increase of 189.5% from HKD 178,498 in 2021[2] - Basic and diluted earnings per share for 2022 were both 7.18 HKD cents, compared to 2.70 HKD cents in 2021[2] - Total comprehensive income for the year was HKD 412,533, up from HKD 156,135 in 2021[3] - The company reported a total tax expense of HKD 52,228 in 2022, compared to HKD 18,066 in 2021[29] - The company's 2022 profit was 515 million HKD, a 188% increase from 178 million HKD in 2021[68] - Total revenue for 2022 was 3,649 million HKD, a decrease of 5% from 3,860 million HKD in 2021, primarily due to reduced procurement and sales volume[68] Assets and Liabilities - Non-current assets increased to HKD 4,418,993 from HKD 4,416,372 in the previous year[4] - Current assets rose to HKD 2,446,714, compared to HKD 1,933,203 in 2021[4] - Total assets amounted to HKD 6,865,707, an increase from HKD 6,349,575 in 2021[4] - The total liabilities as of December 31, 2022, were HKD 3,517,568, down from HKD 4,194,352 in 2021[17] - Total liabilities decreased by 16% to HKD 3,518 million as of December 31, 2022, from HKD 4,194 million in 2021, primarily due to repayment of shareholder loans[73] - Current liabilities decreased by 45% to HKD 2,064 million as of December 31, 2022, from HKD 3,754 million in 2021, mainly due to repayment of loans to the direct holding company[77] - Non-current liabilities increased by 230% to HKD 1,454 million as of December 31, 2022, from HKD 440 million in 2021, primarily due to loans drawn by CGNM UK during the reporting period[78] Inventory and Sales - The company reported a significant increase in inventory, which rose to HKD 2,048,471 from HKD 1,743,152 in 2021[4] - Sales of goods amounted to HKD 3,645,362 in 2022, down from HKD 3,856,085 in 2021[27] - The group achieved natural uranium trading revenue of HKD 3,645 million for the year ended December 31, 2022, a decrease of 5% compared to 2021[50] - Revenue from equity natural uranium products sold from Xie Company and Ao Company was HKD 1,341 million, an increase of 120% from HKD 611 million in 2021[50] Production and Operations - The total uranium extraction by the company reached 959 tons, achieving 98.4% of the annual plan, with a total production of 940 tons after accounting for processing losses[46] - The company successfully completed the feasibility study for the PLS project, indicating a mine life of 10 years and a post-tax NPV of approximately CAD 1.204 billion[49] - The average grade of remaining geological reserves for the company's mines is 0.059% for the Xie mine and 0.0422% for the Yi mine[47] - The company maintained effective cost control, resulting in increased sales profits compared to 2021 due to rising uranium prices and currency depreciation[46] Strategic Initiatives - The company plans to continue its investment and trading in natural uranium resources, leveraging its 100% ownership of Beijing Zhongha Uranium and other strategic partnerships[41] - The company is currently assessing the impact of new accounting standards and their amendments on its financial reporting[10] - The company aims to enhance communication with Fission regarding technical support and feasibility studies in 2023[59] - The company is focused on expanding its uranium production capabilities in Kazakhstan[88] Market Trends - The global nuclear power market saw 423 operational reactors with a total installed capacity of 378,754 MWe by the end of 2022, highlighting the industry's growth potential[42] - The long-term uranium trade volume in 2022 was 43,846 tons, a 61.2% increase year-on-year, while spot trade volume decreased by 14.1% to 23,365 tons[45] - The natural uranium market is expected to continue its recovery trend in 2023, influenced by global energy security concerns and diversified supply strategies[56] Governance and Compliance - The company established an Environmental, Social, and Governance (ESG) committee on January 3, 2023[84] - The audit committee reviewed the group's accounting principles and practices, and the annual performance for the year ended December 31, 2022, was reviewed by the audit committee[84] Financing and Capital Management - The company completed a rights issue, raising a total of HKD 800 million, with a net financing amount of HKD 776 million after expenses[52] - The group's financing costs rose by 24% to HKD 62 million in 2022 from HKD 50 million in 2021, attributed to an increase in average interest-bearing debt and rising USD interest rates[72] - The board of directors decided not to recommend any final dividend for the year-end 2022, similar to 2021, to retain sufficient funds for business development[83]