Financial Performance - The company's revenue for the year ended December 31, 2023, was HKD 22,371 million, a decrease of 10.4% compared to HKD 24,969 million in 2022[16] - Profit attributable to the company's owners was HKD 403.8 million, reflecting a slight increase of 0.9% from HKD 400.3 million in the previous year[16] - Basic earnings per share rose to HKD 64.52, up 0.9% from HKD 63.97 in 2022[16] - Gross profit for the year was HKD 1,316,411 thousand, compared to HKD 1,285,327 thousand in 2022, indicating a slight improvement[19] - The company reported a net profit of HKD 585,673 thousand for the year, an increase from HKD 563,907 thousand in the previous year[19] - The company experienced a decrease in sales costs, which amounted to HKD 21,054,205 thousand, down from HKD 23,683,325 thousand in 2022[19] - Other income increased significantly to HKD 62,284 thousand from HKD 30,191 thousand in the previous year[19] - The company reported a total comprehensive income of HKD 577,483 in 2023, up from HKD 479,994 in 2022, an increase of 20.3%[27] - The company achieved a net operating cash inflow of HKD 1.04 billion in 2023, compared to HKD 995.29 million in 2022[110] Dividends - The total proposed dividend remained unchanged at HKD 35.00 per share, with a final dividend of HKD 25.00 and an interim dividend of HKD 10.00[16] - The company declared a final dividend of HKD 0.25 per share for the year ending December 31, 2023, consistent with the previous year[69] - The company plans to distribute a final dividend of HKD 0.25 per share, totaling HKD 0.35 per share for the year, unchanged from 2022[92] Assets and Liabilities - Net current assets decreased to HKD 1,708,246 in 2023 from HKD 1,924,402 in 2022, reflecting a decline of 11.2%[23] - Total assets less current liabilities decreased to HKD 2,953,856 in 2023 from HKD 3,252,748 in 2022, a reduction of 9.2%[24] - The company's equity attributable to owners increased to HKD 2,637,399 in 2023 from HKD 2,457,217 in 2022, representing an increase of 7.3%[30] - Trade and other payables rose to HKD 3,704,524 in 2023 from HKD 3,086,560 in 2022, an increase of 20.0%[6] - The company's total liabilities increased to HKD 3,704,524,000 in 2023 from HKD 3,086,560,000 in 2022, reflecting an increase of approximately 20%[78] Revenue Streams - Revenue from LED lighting and display products increased to HKD 42,516 in 2023 from HKD 26,949 in 2022, a growth of 57.7%[47] - Rental income from investment properties was HKD 19,370 in 2023, down from HKD 20,061 in 2022, a decrease of 3.4%[39] - The total income from bank deposits increased significantly to HKD 48,193,000 in 2023 from HKD 2,421,000 in 2022, marking a substantial rise[74] Employee and Operational Costs - Employee costs decreased to HKD 181,356,000 in 2023 from HKD 200,362,000 in 2022, a reduction of approximately 9.5%[65] - The inventory turnover period was approximately 31 days, down from 37 days in 2022, while the average accounts payable turnover period was approximately 51 days, down from 42 days in 2022[110] Economic Outlook and Challenges - The company faces challenges from economic headwinds, including high inflation and interest rates, while focusing on cash flow management and capital expenditure[98] - The company is optimistic about future growth driven by demand for next-generation AI smartphones and AI PCs, despite ongoing trade tensions between the US and China[98] Corporate Governance - The company has adhered to the corporate governance code, with the board accepting the current structure of having the chairman and CEO roles held by the same individual, Dr. Yan Yulin, based on the group's business scale[116]
S.A.S. DRAGON(01184) - 2023 - 年度业绩