Financial Performance - Total revenue for the fiscal year 2022 reached HKD 1,198,810,000, a slight increase from HKD 1,195,079,000 in 2021[2] - The company reported a net profit of HKD 605,162,000 for 2022, significantly up from HKD 115,934,000 in the previous year[3] - Gross profit increased to HKD 287,398,000, compared to HKD 272,785,000 in 2021, reflecting a growth of approximately 5.4%[2] - The company’s basic earnings per share decreased to HKD 7.98 from HKD 8.49 in the previous year[2] - Total profit for the year 2022 was HKD 114,892,000, a decrease from HKD 122,197,000 in 2021, representing a decline of approximately 2.5%[29] - The net profit for the fiscal year 2022 was approximately HKD 605,200,000, an increase of about HKD 489,300,000 compared to HKD 115,900,000 in the previous fiscal year[55] Revenue Breakdown - Revenue from automotive parts sales amounted to 140,952 thousand, while revenue from commercial printing reached 59,122 thousand[12] - Revenue from financial printing and related services was confirmed using the output method over time, reflecting ongoing customer benefits[12] - The automotive parts segment generated revenue of 216,163 thousand, while the financial services segment contributed 142,643 thousand[14] - The department store segment recorded revenue of approximately HKD 146,300,000 in fiscal year 2022, up from HKD 95,000,000 in fiscal year 2021[74] - The financial services segment reported a loss of HKD 1,379,530,000, highlighting challenges in that area[16] Assets and Liabilities - Non-current assets totaled HKD 9,908,685,000, a decrease from HKD 11,911,136,000 in 2021[4] - Current assets included development properties valued at HKD 5,535,564,000, up from HKD 3,229,062,000 in 2021, indicating a growth of approximately 71.5%[4] - As of December 31, 2022, the total current liabilities amounted to HKD 6,799,060,000, a significant increase from HKD 1,082,627,000 in 2021[5] - The total equity attributable to the owners of the company was HKD 3,612,468,000, compared to HKD 4,133,072,000 in 2021, reflecting a decline[5] - Total liabilities were reported at HKD 13,482,106,000, reflecting the company's financial obligations[19] Cash Flow and Financing - The company’s cash and cash equivalents decreased to HKD 171,900,000 from HKD 229,645,000 in the previous year[4] - Bank borrowings surged to HKD 5,366,919,000 from HKD 511,206,000, indicating a substantial increase in leverage[5] - The company has sufficient operating funds to meet its financial obligations for at least the next twelve months[8] - The company’s total borrowings, including secured and unsecured loans, reached HKD 239,439,000 in 2022, compared to HKD 2,740,000 in 2021, indicating a substantial increase[32] Investments and Acquisitions - The company completed the acquisition of Hartmann Education Group for a total cash consideration of HKD 1,876,000, aiming to enhance marketing resources in the CBI program[36] - The identifiable net assets of Hartmann Education Group at fair value were assessed at HKD 1,876,000, equal to the purchase price, indicating no goodwill was generated from this acquisition[38] - The company has ongoing legal claims amounting to HKD 8,244,000 related to unpaid salaries from a former director[48] Market and Strategic Focus - The company is in the process of establishing a securities company in the Guangzhou Free Trade Zone, with the application currently under review by the China Securities Regulatory Commission[82] - The company is actively seeking investment opportunities in four additional Caribbean countries, namely Antigua and Barbuda, Saint Lucia, Saint Kitts and Nevis, and Dominica, as part of its strategy to diversify operations in Latin America and the Caribbean[103] - The company plans to invest in four key areas: clean energy, education, tourism, and retail, to contribute to economic development in the Caribbean and Panama[104] Corporate Governance and Compliance - The company adheres to good corporate governance practices and has complied with all relevant codes during the reporting period[108] - The audit committee has reviewed the consolidated financial statements for the year ended December 31, 2022, ensuring compliance with accounting principles and practices[113] - The annual report containing all information required by the listing rules will be sent to shareholders at an appropriate time[114]
伟禄集团(01196) - 2022 - 年度业绩