Financial Performance - The company's total revenue for the year ended December 31, 2022, was HKD 4,945,818,000, an increase from HKD 4,450,165,000 in 2021, representing a growth of approximately 11.2%[14] - The net profit attributable to shareholders for the year was HKD 277,706,000, a significant decrease from HKD 502,033,000 in 2021, reflecting a decline of about 44.7%[18] - The revenue from environmental hygiene services reached HKD 4,024,333,000, up from HKD 3,389,233,000 in the previous year, indicating an increase of approximately 18.8%[14] - The company's earnings per share for the year was HKD 0.077, down from HKD 0.139 in 2021[18] - The company's gross profit for the year was HKD 1,006.6 million, down from HKD 1,162.2 million in 2021, reflecting a decrease of about 13.4%[108] - The group's pre-tax profit for the year was HKD 427.6 million, compared to HKD 719.1 million in the previous year[163] Costs and Expenses - The cost of services provided increased to HKD 3,379,757,000 from HKD 2,738,434,000, marking a rise of about 23.4%[15] - The company reported a total financing cost of HKD 115,070,000, compared to HKD 92,806,000 in 2021, which is an increase of approximately 24.0%[24] - The company received government subsidies amounting to HKD 16,980,000, a decrease from HKD 20,830,000 in the previous year, representing a decline of approximately 18.0%[14] - Administrative expenses increased to HKD 474.8 million for the year ended December 31, 2022, from HKD 413.5 million in the previous year, mainly due to salary and office expense increases[74] Revenue Streams - The total revenue from environmental sanitation services was approximately HKD 4.024 billion, an increase from HKD 3.402 billion in 2021[41] - The group's revenue from hazardous waste treatment services decreased to HKD 612.3 million for the year ended December 31, 2022, down from HKD 710.4 million for the year ended December 31, 2021[183] - The average annual revenue per square meter for environmental sanitation services increased to HKD 13.3 in 2022 from HKD 11.2 in 2021[37] Operational Metrics - The actual processing volume for hazardous waste decreased by 9.0% to 186,269 tons in 2022 compared to 204,584 tons in 2021[44] - The number of environmental sanitation service projects increased to 152 in 2022 from 128 in 2021[41] - The average turnover days for trade receivables and bills increased to 142 days in 2022 from 111 days in 2021[50] Assets and Liabilities - The total assets value reached HKD 8,743,544 in 2022, compared to HKD 8,164,915 in 2021, marking an increase of 7.1%[122] - The total current liabilities amounted to HKD 2,355,034,000 in 2022, up from HKD 1,666,345,000 in 2021, which is an increase of about 41.3%[152] - Non-current liabilities totaled HKD 2,330,377,000 in 2022, slightly up from HKD 2,277,875,000 in 2021, indicating an increase of approximately 2.3%[152] Cash Flow - The net cash flow from operating activities for 2022 was HKD 463,118, a decrease of 14.7% from HKD 542,601 in 2021[113] - The net cash flow used in investing activities improved to HKD (768,749) in 2022 from HKD (897,331) in 2021, indicating a reduction of 14.3%[113] - The net cash flow from financing activities increased to HKD 318,490 in 2022, up by 10.2% from HKD 289,066 in 2021[113] Shareholder Returns - The proposed final dividend is HKD 0.01 per share, with a total annual dividend of HKD 0.02 per share and a payout ratio of 25.9%[107] - The board proposed a final dividend of HKD 0.01 per share for the year ended December 31, 2022, down from HKD 0.03 per share in 2021, pending shareholder approval[169] Future Outlook - The company plans to expand its operations in mainland China, which contributed all external customer revenue during the year[21] - The board is confident that the company's operational standards will further improve and develop starting in 2023[95]
北控城市资源(03718) - 2022 - 年度业绩