安乐工程(01977) - 2022 - 年度业绩

Financial Performance - The company reported a revenue of HKD 6,474.7 million for the fiscal year 2022, an increase of 21% from HKD 5,350.7 million in 2021[2] - Gross profit for 2022 was HKD 1,011.5 million, up from HKD 878.4 million in 2021, reflecting a growth of approximately 15%[2] - The profit attributable to owners of the company decreased to HKD 114.6 million in 2022, down 63% from HKD 314.3 million in 2021[2] - Basic earnings per share for 2022 were HKD 0.08, compared to HKD 0.22 in 2021, indicating a decline of 64%[2] - The total comprehensive income for the year was HKD 58.3 million, a significant decrease from HKD 336.6 million in the previous year[3] - The total equity of the company as of December 31, 2022, was HKD 2,062.9 million, down from HKD 2,129.7 million in 2021[13] - The consolidated net profit for the fiscal year 2022 was HKD 114.6 million, a decrease of 63.6% year-on-year due to several special items[99] - The company's net profit for the year was HKD 1,267,595,000, an increase from HKD 1,219,863,000 in the previous year, representing a growth of approximately 3.9%[57] Revenue Breakdown - Revenue from contracting services was 5,394,415 thousand HKD in 2022, up from 4,249,701 thousand HKD in 2021, indicating a growth of about 26.9%[21] - Maintenance services generated revenue of 947,335 thousand HKD in 2022, slightly increasing from 944,743 thousand HKD in 2021[21] - Sales of goods decreased to 132,900 thousand HKD in 2022 from 156,276 thousand HKD in 2021, reflecting a decline of approximately 15.0%[21] - Revenue from Hong Kong reached HKD 5,906,458, a significant increase from HKD 4,735,067 in 2021, showcasing strong local market performance[49] - The environmental engineering business generated revenue of HKD 1.234 billion in the fiscal year 2022, up from HKD 1.117 billion in 2021, reflecting a year-on-year increase of 10.5%[135] - The ICBT business revenue increased by 27.6% year-on-year to HKD 631 million in the fiscal year 2022, compared to HKD 495 million in 2021[137] Assets and Liabilities - Non-current assets, including investment properties and property, plant, and equipment, totaled HKD 589.7 million, a slight decrease from HKD 589.9 million in 2021[5] - Current assets amounted to HKD 3,519.8 million, an increase from HKD 3,068.4 million in 2021[5] - Non-current assets totaled 1,279,260 thousand HKD as of December 31, 2022, down from 1,370,265 thousand HKD in 2021, a decrease of about 6.6%[30] - The trade receivables, net of credit loss provisions, were HKD 808,169,000, a slight decrease from HKD 846,562,000 in the previous year[64] - The company's contract assets, net of credit loss provisions, increased to HKD 1,244,364,000 from HKD 975,211,000, showing a growth of approximately 27.5%[62] Dividends and Shareholder Returns - The company declared a special dividend of HKD 0.025 per share to celebrate its 45th anniversary, with payment expected around April 28, 2023[2] - The total dividend declared for the year was HKD 160,035,000, compared to HKD 154,280,000 in the previous year, reflecting an increase of approximately 3.6%[57] Contracts and Backlog - The value of uncompleted contracts as of December 31, 2022, was HKD 11,656.3 million, slightly up from HKD 11,309.0 million in 2021[2] - The group’s backlog of contracts increased by 3.1% to HKD 11.656 billion, providing a solid foundation for future core business[128] - New contracts awarded in the fiscal year 2022 totaled HKD 4.803 billion, compared to HKD 2.924 billion in the fiscal year 2021[131] Strategic Initiatives and Future Outlook - The company is focused on expanding its service offerings in building services, environmental engineering, and ICT solutions[24] - The company plans to continue expanding its market presence, particularly in the Equipment Engineering and Environmental Engineering sectors, to drive future growth[45] - The company plans to expand its global presence by seeking new distributors in the US, Europe, the Middle East, and Southeast Asia[142] - The company anticipates that the demand for data center space in Hong Kong will double over the next five years, with a projected double-digit compound annual growth rate starting from 2022[152] Impairments and Provisions - The company reported a loss from property revaluation of (1,935) thousand HKD in 2022, compared to a gain of 6,854 thousand HKD in 2021[31] - The group recognized a credit impairment provision of approximately HKD 15.787 million for trade receivables in 2022, down from HKD 20.376 million in 2021[91] - The group confirmed an impairment loss of HKD 75.6 million related to its equity interest in Transel Elevator & Electric Inc. (TEI)[100] - The group recognized a litigation provision of HKD 150 million related to resolving several legal disputes during the fiscal year 2022[127] Operational Efficiency and Technology - The group has implemented advanced construction technologies in over 50% of its building services projects, improving installation and project management efficiency[160] - The company aims to enhance its capabilities in Building Information Modeling (BIM) by providing training and creating a suitable BIM environment for employees[176] - The company is committed to investing in smart building technology and digital transformation to meet the growing demand for professional solutions in the market[159]