Financial Performance - The group reported revenue of HKD 13,382,037 thousand for the year 2023, a decrease from HKD 15,693,468 thousand in 2022, representing a decline of approximately 14.8%[28]. - Total revenue for the fiscal year 2023 was HKD 15,588,143, a decrease of 19.2% compared to HKD 19,287,434 in 2022[32]. - Revenue from electronic consumer products was HKD 15,588,143 thousand in 2023, down from HKD 19,287,434 thousand in 2022, reflecting a decline of approximately 19.5%[28]. - The group recorded a revenue decrease of 19.2% to approximately HKD 15.59 billion for the year, down from HKD 19.29 billion in 2022, primarily due to a significant reduction in sales of smartphone-related products in China[89][96]. - The liquid crystal display business accounted for approximately 86% of the group's revenue in 2023, up from 81% in 2022[121]. Profitability - The basic earnings per share for the year were HKD 8.31, down from HKD 9.77 in the previous year, indicating a decrease of about 15%[25]. - Net profit attributable to shareholders for the fiscal year 2023 was HKD 262,799, a decline of 17.4% from HKD 318,233 in 2022[32]. - The gross profit for the fiscal year 2023 was HKD 1,322,293, down 11.0% from HKD 1,484,972 in 2022[32]. - The pre-tax profit for the year was HKD 249,385, down from HKD 376,565 in 2022, reflecting a decrease of about 33.8%[52]. - The gross profit margin increased to approximately 8.5% for the year, compared to 7.7% in 2022, while the net profit margin rose to 1.7%, up from 1.6% in the previous year[90]. Assets and Liabilities - Total non-current assets decreased from HKD 17,226,793 thousand in 2022 to HKD 15,708,771 thousand in 2023, a decline of approximately 8.8%[5]. - Current assets increased from HKD 9,264,330 thousand in 2022 to HKD 8,796,863 thousand in 2023, a decrease of about 5.0%[5]. - Total liabilities decreased from HKD 14,017,536 thousand in 2022 to HKD 12,929,914 thousand in 2023, a reduction of approximately 7.8%[12]. - The company’s total equity attributable to owners decreased from HKD 9,985,685 thousand in 2022 to HKD 9,598,086 thousand in 2023, a decline of approximately 3.9%[12]. - The company’s liabilities to assets ratio improved from 57.5% in 2022 to 56.2% in 2023, indicating a stronger balance sheet position[12]. Cash Flow and Expenses - The company reported a decrease in cash and cash equivalents from HKD 858,759 thousand in 2022 to HKD 802,291 thousand in 2023, a drop of approximately 6.6%[5]. - The company incurred financial expenses of HKD 742,205, compared to HKD 831,891 in the previous year, showing a reduction of about 10.7%[52]. - The interest expense on bank loans and other borrowings for 2023 was HKD 362,866,000, up from HKD 309,345,000 in 2022, representing an increase of approximately 17.3%[73]. - Other income for the fiscal year 2023 was HKD 109,537, down from HKD 234,084 in 2022[34]. - Distribution and selling expenses decreased by approximately 29.9% or HKD 137 million to about HKD 321 million, mainly due to reduced freight costs[100]. Research and Development - The company reported a net research expense of HKD 657,738,000 for 2023, compared to HKD 795,989,000 in 2022, indicating a reduction of approximately 17.4%[64]. - The group invested approximately HKD 658 million in research and development during the year, down from HKD 796 million in 2022[91]. Market Strategy and Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future revenue growth[13]. - The group continues to maintain a cautious yet optimistic outlook for 2024, with significant sales increases noted in the first two months compared to 2023, indicating confidence in stable growth for the upcoming year[93]. - The company plans to continue focusing on display products, including smartphones and smart wearables, while enhancing product design and manufacturing capabilities[117]. Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.05 per share for the fiscal year 2023, consistent with the previous year[32]. - The total dividend payout ratio for the year is approximately 120%[142]. - The company recognized a dividend of HKD 158,055,000 for the year, consistent with the previous year's dividend of HKD 164,461,000[81]. Accounting and Compliance - The application of new accounting standards did not have a significant impact on the group's financial position and performance[22]. - The group has adopted the revised Hong Kong Financial Reporting Standards, which clarified the definition of significant accounting policy information[21]. - The group has implemented new accounting policies effective from January 1, 2022, related to lease transactions and deferred tax assets[17].
信利国际(00732) - 2023 - 年度业绩