Financial Performance - For the year ended December 31, 2023, the total comprehensive income attributable to the company's owners was HKD 68,679,000, an increase of 20.6% from HKD 56,953,000 in 2022[3]. - The basic and diluted earnings per share for the year were HKD 0.217, compared to HKD 0.165 in the previous year, reflecting a growth of 31.5%[3]. - The company reported a profit attributable to owners of HKD 106,315,000 for the year ended December 31, 2023, compared to HKD 80,843,000 in 2022, representing a year-over-year increase of 31.5%[31]. - Earnings per share increased to HKD 21.7 in 2023 from HKD 16.5 in 2022, reflecting a growth of 31.5%[31]. - The net profit for the year was approximately HKD 106,315,000, representing a net profit margin of 18.3%, an increase of about 9.4% compared to the previous year[70]. - The group recorded a net cash inflow of approximately HKD 51,042,000, a significant improvement from a net cash outflow of HKD 14,980,000 in 2022[103]. Revenue and Sales - Revenue from the sale of uranium amounted to HKD 891,506,000, while total revenue for the year was HKD 580,958,000, a decrease of 35.8% from HKD 905,730,000 in 2022[19]. - The revenue from the Chinese market (including Hong Kong) was HKD 455,175,000, a substantial increase of 120.0% from HKD 206,736,000 in 2022[26]. - The company’s segment revenue from uranium trading was HKD 567,900,000 for the year ended December 31, 2023[41]. - The group's revenue from uranium trading decreased by approximately 35.9% to HKD 580,958,000, while the cost of sales decreased by approximately 43.5% to HKD 453,905,000[92]. Profitability - The segment profit from uranium trading was HKD 116,650,000, compared to HKD 93,946,000 in the previous year, indicating an increase of 24.1%[19]. - Gross profit rose to HKD 127,053,000 in 2023 from HKD 102,792,000 in 2022, marking an increase of 23.5%[34]. - The group's gross profit for the year was approximately HKD 127,053,000, an increase of about 10.5% compared to HKD 102,792,000 in 2022, with a gross profit margin of 21.9%[88]. Expenses and Liabilities - The company incurred a tax expense of HKD 16,800,000 for the year, compared to HKD 7,247,000 in the previous year, reflecting an increase of 132.5%[29]. - The total liabilities of the group increased to HKD 530,575,000 from HKD 255,318,000 in the previous year, marking a significant rise of 108.2%[23]. - The group's financial expenses increased by approximately 63.3% to HKD 14,044,000 due to rising interest rates in the financial market[96]. - Current liabilities surged to HKD 345.3 million from HKD 73.3 million, driven by a rise in trade and other payables[130]. Assets and Equity - The company's total assets reached HKD 990,862,000 in 2023, up from HKD 646,926,000 in 2022, an increase of 53.1%[46]. - The company's total assets less current liabilities increased to HKD 645,558,000 in 2023 from HKD 573,608,000 in 2022, a growth of 12.5%[36]. - The company’s net asset value increased to HKD 460,287,000 in 2023 from HKD 391,608,000 in 2022, representing a growth of 17.5%[36]. - Total shareholder equity increased from approximately HKD 391.6 million as of December 31, 2022, to approximately HKD 460.3 million as of December 31, 2023, primarily due to total comprehensive income during the year[119]. Operational Highlights - The group aims to actively participate in international market tenders to increase market exposure and explore various financing channels for uranium trade expansion[76]. - A bank has granted the group a trade financing facility of up to USD 30,000,000, enhancing financial resources for uranium trading[76]. - The group expects to continue its strategic partnership with China Uranium Corporation, acting as a preferred supplier for short-term uranium product needs[98]. - The group plans to resolve the expiration of exploration licenses for its uranium resource projects in Mongolia through discussions with local authorities[100]. Employee and Administrative Costs - The total employee costs for the year were HKD 20,511,000, an increase of 9.7% from HKD 18,691,000 in 2022[27]. - The group employed 32 full-time staff as of December 31, 2023, with total employee costs amounting to approximately HKD 20,511,000[102]. - Administrative expenses remained stable at approximately HKD 30,476,000, slightly down from HKD 31,190,000 in the previous year[72]. Inventory and Cash Management - Inventory increased significantly to HKD 291.7 million from HKD 76.2 million year-on-year[130]. - Cash and cash equivalents rose to HKD 180.4 million from HKD 130.7 million year-on-year[130]. Risk Management - The company has no foreign currency hedging policy but will monitor foreign exchange risks and consider hedging significant currency risks when necessary[107]. - Trade loans are charged at an interest rate of LIBOR + 1.60% per annum, consistent with recent financing rates obtained by the group[120]. - The group has pledged 37.2% of the equity in Somina Company to secure bank financing[123]. Governance - The company has established an audit committee to oversee financial reporting and internal controls, comprising three independent non-executive directors[111].
中核国际(02302) - 2023 - 年度业绩