Financial Performance - The company reported total revenue of HKD 837,557,000 for the year, with segment revenues from financial investments, interior design and renovation, export business, and retail and franchises contributing HKD 56,108,000, HKD 470,591,000, HKD 248,622,000, and HKD 62,236,000 respectively[13]. - The company achieved a profit before tax of HKD 51,850,000 for the year, despite facing challenges in various segments[13]. - Basic earnings per share increased to HKD 28.6 cents, up from HKD 25.7 cents in the previous year, based on a profit attributable to shareholders of HKD 43,610,000[20]. - The company's revenue from contracts with customers for the year ended December 31, 2023, was HKD 771,522, a decrease of 24.2% compared to HKD 1,018,111 in 2022[25]. - The company's profit before tax for the year was HKD 51,850, representing an increase of 16.3% from HKD 44,565 in the previous year[25]. - The net profit for the year was HKD 44,291, slightly down by 2.6% from HKD 45,494 in 2022[25]. - Basic and diluted earnings per share for the year were HKD 2.86, an increase of 11.3% compared to HKD 2.57 in 2022[25]. - Total comprehensive income for the year was HKD 47,818, down from HKD 58,248 in the previous year, reflecting a decrease of 17.8%[29]. - The company's consolidated revenue for the year 2023 was HKD 821,237,000, a decrease of 22.57% compared to HKD 1,060,681,000 in 2022[61]. - The total revenue for the year decreased to HKD 821,237,000, reflecting a decline due to global interest rate hikes and a slowdown in domestic consumption[70]. Investments and Share Repurchase - The total net value of bonds and stock investments held by the company increased to HKD 766,375,000 as of December 31, 2023, up from HKD 373,476,000 on December 31, 2022, representing an increase of HKD 392,899,000[1]. - The company purchased high-yield blue-chip bank stocks at a total cost of HKD 468,385,000 during the year[1]. - The company repurchased a total of 10,312,000 shares during the year, with a total expenditure of HKD 8,311,000[10]. - The company repurchased 5,340,000 shares, reducing the total issued shares to 1,522,644,000 as of December 31, 2023[66]. - The company plans to further purchase shares of Bank of China and Industrial and Commercial Bank of China, with a total amount not exceeding HKD 200,000,000 each[66]. - The share repurchase was authorized by shareholders at the 2023 annual general meeting, aimed at enhancing the net asset value and earnings per share[96]. - The company aims to align its share repurchase strategy with the overall interests of shareholders[96]. Business Strategy and Market Outlook - The company anticipates a "moderate recovery" in the Chinese economy, driven by government measures and a focus on high-quality growth through technology innovation[3]. - The company plans to focus on high-quality development and resource allocation towards the most promising business areas to enhance competitiveness[4]. - The company is exploring new business opportunities in response to changing consumer patterns in Hong Kong, particularly in innovation and technology[4]. Financial Position and Assets - The total assets less current liabilities amounted to HKD 2,396,748, a decrease from HKD 2,444,789 in 2022[27]. - The company's non-current assets totalled HKD 822,380, significantly higher than HKD 422,206 in the previous year, indicating a growth of 94.7%[27]. - The company's current liabilities totalled HKD 655,847, a slight decrease from HKD 672,740 in 2022[27]. - The company's trade receivables amounted to HKD 192,355,000, down from HKD 242,361,000 in 2022, showing a decrease of 20.73%[46]. - The company's net cash and cash equivalents as of December 31, 2023, were HKD 2,488,966,000, a slight decrease of 0.11% from HKD 2,491,700,000 in 2022[62]. Corporate Governance and Audit - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2023, including the accounting policies adopted by the group[95]. - The audit committee consists of three independent non-executive directors, assisting the board in reviewing financial reporting procedures and risk management[95]. - The financial statements have been verified for consistency with the amounts drafted by the company during the year[87]. - The company’s auditor, Ernst & Young, did not provide a certification for the preliminary announcement[87]. Employee and Dividend Information - The total number of employees decreased to 464 from 490 in the previous year[78]. - The proposed final dividend per share for 2023 is HKD 4.80, an increase of 20.00% from HKD 4.00 in 2022, with a total proposed final dividend amounting to HKD 72,807,000[56]. - The company will suspend share transfer registration from May 21 to May 24, 2024, for the upcoming annual general meeting[93]. - The company will also suspend share transfer registration from May 30 to June 3, 2024, for the distribution of the proposed final dividend[93]. - The annual general meeting is scheduled for May 24, 2024, with details to be published around April 25, 2024[92].
旭日企业(00393) - 2023 - 年度业绩