Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 4,024,980, an increase of 4.1% from HKD 3,866,335 in 2021[3] - Gross profit for 2022 was HKD 1,294,607, representing a gross margin of 32.2%, compared to HKD 1,227,319 in 2021[3] - Net profit for the year was HKD 348,916, a slight increase from HKD 339,235 in 2021, resulting in basic earnings per share of HKD 30.32[4] - Total comprehensive income for the year was HKD 127,915, down from HKD 406,260 in 2021, primarily due to foreign exchange losses[4] - The company reported a significant increase in other income to HKD 63,266 in 2022 from HKD 33,711 in 2021[3] - The group's consolidated profit before tax for the year ended December 31, 2022, was HKD 468,905, compared to HKD 441,576 for the previous year[22][24] - The company's net profit attributable to shareholders for 2022 was HKD 316,519,000, up from HKD 303,821,000 in 2021, representing a growth of approximately 4.3%[38] - Basic earnings per share rose to HKD 0.3032, with a proposed final dividend of HKD 0.1516 per share, representing a payout ratio of 50.0%[50] Assets and Liabilities - Non-current assets decreased to HKD 2,067,541 in 2022 from HKD 2,150,670 in 2021, with property, plant, and equipment at HKD 1,580,304[5] - Current assets decreased to HKD 2,467,569 in 2022 from HKD 3,108,899 in 2021, with cash and cash equivalents dropping to HKD 1,249,460[5] - Total equity attributable to owners of the company decreased to HKD 3,518,930 in 2022 from HKD 3,950,639 in 2021[6] - The group's total assets as of December 31, 2022, were HKD 1,895,702, a decrease from HKD 1,962,461 in 2021[28] - The group's cash balance as of December 31, 2022, was approximately HKD 1,267.2 million, a decrease from HKD 1,808.6 million in 2021, with no external borrowings reported[64] Revenue Breakdown - Total revenue for the year reached HKD 4,024,980,000, with HKD 1,575,163,000 from Hong Kong and HKD 2,449,817,000 from mainland China[17] - Sales of goods accounted for HKD 4,018,789,000, representing an increase from HKD 3,859,139,000 in the previous year[17] - Revenue recognized at a point in time was HKD 4,021,956,000, compared to HKD 3,862,794,000 in the prior year, indicating growth[17] - Revenue from Hong Kong operations increased by 7.4% to HKD 1,575.2 million, attributed to price adjustments and increased sales of high-end packaged instant noodles[52] - Revenue from the mainland China business increased by 2.1% to HKD 2,449.8 million, benefiting from regional expansion and increased cup noodle sales[60] Expenses and Costs - The total employee costs for 2022 were HKD 729,386,000, compared to HKD 715,974,000 in 2021[35] - The company incurred research and development expenses of HKD 33,997,000 in 2022, slightly down from HKD 35,167,000 in 2021[35] - The average price of key raw materials, such as wheat flour and palm oil, significantly increased throughout 2022, impacting production costs[50] - The company implemented price adjustments in two phases to mitigate the impact of rising production and raw material costs[52] Strategic Initiatives - The company plans to continue expanding its product offerings and market presence, focusing on innovation in food products[7] - The company has maintained its commitment to research and development, aiming to enhance product quality and customer satisfaction[7] - The company aims to enhance its market presence through strategic acquisitions and product development initiatives[47] - The company continues to invest in production processes and product quality improvements to ensure consumer satisfaction and food safety[49] - The company is actively implementing automation, robotics, and smart technologies in factories to enhance operational efficiency, productivity, product quality, and customer experience[71] Market and Economic Outlook - The company maintains a cautiously optimistic outlook for long-term business development in various regions, particularly anticipating economic recovery in Greater China in 2023, largely dependent on consumer behavior[71] - In Hong Kong, the government-led "Hello, Hong Kong!" tourism campaign is expected to stimulate the local economy by providing 500,000 tickets and cash vouchers to global tourists, enhancing consumer sentiment[71] - The company confirmed a total expense of HKD 1,697,000 thousand for share-based payment transactions for the year ended December 31, 2022[46] Shareholder Information - The board proposed a final dividend of HKD 0.1516 per share for the year ended December 31, 2022, subject to approval at the annual general meeting on June 9, 2023[79] - The company will suspend share transfer registration from June 6 to June 9, 2023, to determine eligibility for attending the annual general meeting and voting[80] - The annual report for 2022 will be available on the Hong Kong Stock Exchange website and the company's website, and will be mailed to shareholders in April 2023[81]
日清食品(01475) - 2022 - 年度业绩