Financial Performance - Revenue for the year ended December 31, 2023, increased by approximately HKD 437.4 million or 13.8% to approximately HKD 3,608.9 million compared to HKD 3,171.5 million in the fiscal year 2022[3] - Gross profit for the year ended December 31, 2023, rose by approximately HKD 277.5 million or 43.2% to approximately HKD 919.7 million, up from HKD 642.3 million in the previous fiscal year[3] - Profit for the year ended December 31, 2023, increased by approximately HKD 117.7 million or 316.5% to a profit of approximately HKD 80.5 million, compared to a loss of HKD 37.2 million in 2022[3] - Total revenue for the year ended December 31, 2023, was HKD 3,608,894, an increase of 13.8% from HKD 3,171,478 in 2022[24] - The company reported a net profit before tax of HKD 122,612 for the year, compared to a loss of HKD 49,210 in the previous year[24][25] - The group reported a net profit attributable to shareholders of HKD 62,593,000 for 2023, a recovery from a loss of HKD 35,970,000 in 2022[42] - The net profit for the reporting period was approximately HKD 80.5 million, a turnaround from a loss of HKD 37.2 million in 2022, primarily due to increased sales and cost-cutting measures[72] Dividends - The board has proposed a final dividend of HKD 0.013 per share for the year ended December 31, 2023, compared to no dividend in the previous year[3] - The company declared an interim dividend of HKD 0.4 per share, totaling approximately HKD 7,000,000, and proposed a final dividend of HKD 1.3 per share, amounting to about HKD 22,750,000[41] - The board of directors proposed a final dividend of HKD 0.013 per ordinary share, amounting to approximately HKD 22,750,000, compared to no dividend in the fiscal year 2022[93] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 2,406.1 million, an increase from HKD 2,237.9 million in 2022[8] - Total liabilities as of December 31, 2023, were HKD 1,487.7 million, compared to HKD 1,351.0 million in the previous year[9] - Cash and cash equivalents increased to HKD 309.9 million as of December 31, 2023, from HKD 169.0 million in 2022[8] - Trade and other receivables rose to HKD 686.7 million in 2023, up from HKD 551.9 million in 2022[8] - The company’s equity attributable to owners increased to HKD 925.8 million as of December 31, 2023, from HKD 895.2 million in the previous year[9] Revenue Breakdown - Revenue from health and home products sales reached HKD 2,365,437, up 19.4% from HKD 1,980,255 in 2022[26] - Revenue from polyurethane foam sales was HKD 1,243,457, a slight increase of 4.4% from HKD 1,191,223 in 2022[26] - The North American market generated HKD 1,384,678 in revenue, representing a 14% increase from HKD 1,214,227 in 2022[24] Expenses and Costs - Total expenses for 2023 amounted to HKD 3,477,910,000, an increase of 8.1% from HKD 3,216,881,000 in 2022[37] - The total cost of goods sold for 2023 was HKD 2,078,371,000, up from HKD 1,959,515,000 in 2022, representing a 6.1% increase[37] - The company’s marketing expenses rose to HKD 127,154,000 in 2023, compared to HKD 115,604,000 in 2022, marking a growth of 10%[37] - The total financial costs increased to HKD 49,785 from HKD 46,027 in 2022, reflecting higher interest expenses[35] Cash Flow and Liquidity - Operating cash flow for the reporting period was approximately HKD 420.3 million, up from HKD 190.8 million in 2022[73] - The company’s liquidity ratios improved, with the current ratio at 126.8% and the quick ratio at 86.6% as of December 31, 2023[76] Employee and Operational Metrics - The number of employees increased to 2,846 in 2023 from 2,477 in 2022, with total employee costs rising to approximately HKD 523.6 million[85] - The company is closely monitoring production costs and customer demand to enhance operational efficiency and flexibility in global supply[82] Future Outlook - The company anticipates continued financial improvement in 2024 while implementing various cost reduction measures across production and logistics[80] - The company plans to continue expanding its Mattress-in-a-Box product line, which has seen strong demand in both the U.S. and Europe[80] Accounting and Compliance - The company plans to adopt new accounting standards effective January 1, 2024, which are not expected to have a significant impact on future transactions[19] - The independent auditor confirmed that the financial figures in the announcement are consistent with the audited consolidated financial statements for the reporting period[92]
盛诺集团(01418) - 2023 - 年度业绩