Financial Performance - Total operating revenue for the year ended December 31, 2022, was HKD 533,078,000, a decrease of 32.3% compared to HKD 787,012,000 in 2021[2] - Gross profit for the year was HKD 314,339,000, down 53.6% from HKD 676,464,000 in the previous year[2] - Net profit for the year was HKD 18,755,000, a significant decline of 93.6% from HKD 291,473,000 in 2021[2] - Basic earnings per share decreased to HKD 0.87 from HKD 14.38, reflecting a drop of 93.9%[3] - Total revenue for the year 2022 was HKD 460,049,000, a decrease of 41% from HKD 779,066,000 in 2021[17] - Revenue from property sales was HKD 164,374,000, down 62% from HKD 435,487,000 in the previous year[17] - Revenue from golf club services decreased to HKD 44,994,000, a decline of 29% compared to HKD 63,487,000 in 2021[17] - Revenue from customer contracts was HKD 241,163,000, a significant drop from HKD 540,526,000 in the previous year[17] - The group recorded an unrealized loss of approximately HKD 75,204,000 from fair value changes of investment properties at year-end[34] - The property development and investment business contributed a total profit of HKD 98,828,000, down from HKD 455,963,000 in 2021, primarily due to reduced property sales and rental income impacted by the COVID-19 pandemic[37] Assets and Liabilities - Non-current assets totaled HKD 8,737,074,000, down from HKD 9,439,476,000 in 2021, indicating a reduction of 7.4%[8] - Current liabilities increased to HKD 4,745,348,000 from HKD 5,155,090,000, a decrease of 8.0%[9] - Total equity attributable to equity holders of the company decreased to HKD 12,388,347,000 from HKD 13,500,950,000, a decline of 8.2%[10] - The company’s cash and bank balances decreased to HKD 3,966,071,000 from HKD 4,445,869,000, a reduction of 10.8%[8] - The company’s total assets less current liabilities stood at HKD 14,049,966,000, down from HKD 15,379,515,000, a decrease of 8.6%[9] - As of December 31, 2022, the group's total assets decreased by approximately 8.47% to HKD 18,795,314,000, with equity attributable to shareholders decreasing by about 8.18% to HKD 12,388,347,000[50] - The group's liabilities amounted to HKD 5,967,079,000, with approximately 63.62% classified as current liabilities[50] - The group's total assets pledged as collateral for borrowings were valued at HKD 476,321,000, down from HKD 544,173,000 in 2021[52] Income and Expenses - The company reported a pre-tax profit of HKD 126,561,000 for the year 2022[19] - The pre-tax profit before tax decreased significantly from HKD 283,448,000 in 2021 to HKD 17,168,000 in 2022, representing a decline of about 94%[27] - The total tax expense for the year was HKD 107,806,000 in 2022, down from HKD 297,027,000 in 2021, a reduction of approximately 64%[25] - The financing costs decreased from HKD 22,270,000 in 2021 to HKD 14,835,000 in 2022, reflecting a reduction of approximately 33%[25] - The net impairment loss on trade receivables and other receivables was HKD 964,000 in 2022, compared to HKD 182,000 in 2021, indicating a significant increase[24] Dividends and Shareholder Information - The interim dividend declared for the year ending December 31, 2022, is HKD 167,537,000, which is an increase from HKD 108,406,000 in 2021, reflecting a rise of about 55%[26] - The average number of ordinary shares used to calculate basic earnings per share remained constant at 1,971,025,125 for both years[27] - The company will suspend share transfer registration from May 4, 2023, to May 8, 2023, for determining shareholders eligible for the interim dividend[32] Business Segments and Future Outlook - The group's operating income from property investment was HKD 414,688,000, accounting for approximately 77.79% of total operating revenue for the year[38] - The total revenue from the famous residential project, Tong Chen Yi Pin, was approximately HKD 318,680,000, representing about 59.78% of the group's total operating revenue[39] - Rental income and property management fees from commercial and industrial properties in Pudong generated stable recurring income of approximately HKD 93,980,000, accounting for about 17.63% of total operating revenue[40] - The group plans to develop residential projects in Jinqiao Town over the next four years, with the first phase expected to launch in Q3 2023[42] - The group remains optimistic about the economic situation in mainland China, focusing on high-end residential property development, with key profit sources expected from projects in Shanghai and Macau[55] - The group is actively advancing construction and sales plans for the project in Jinqiao Town, Pudong, Shanghai, which is anticipated to be a significant contributor to future profits[55] Risk Management and Compliance - The group has not recorded any significant contingent liabilities as of December 31, 2022, maintaining a stable risk profile[54] - The group will closely monitor international developments that may impact future investment plans, particularly in light of geopolitical uncertainties[54] - Management will continue to adopt a conservative approach in managing the securities trading portfolio, emphasizing stable recurring income securities due to market volatility[55] - The company has not early adopted any new accounting standards that have been issued but not yet effective[14] - The company expects no significant impact on its consolidated financial statements from the adoption of new accounting standards in the foreseeable future[15] - The group has not engaged in any purchases, sales, or redemptions of its listed securities during the fiscal year ending December 31, 2022[56]
汤臣集团(00258) - 2022 - 年度业绩