Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 34,414 million, a decrease from HKD 41,184 million in 2021, representing a decline of approximately 16.8%[2] - The profit for the year was HKD 1,705 million, down from HKD 3,495 million in 2021, indicating a decrease of about 51.2%[4] - Basic and diluted earnings per share for 2022 were HKD 0.594, compared to HKD 1.151 in 2021, reflecting a decline of approximately 48.3%[3] - The gross profit for the year was HKD 3,198 million, down from HKD 5,834 million in 2021, representing a decrease of about 45.2%[2] - The company reported a total comprehensive income of HKD 984 million for the year, significantly lower than HKD 3,664 million in 2021, indicating a decrease of about 73.1%[4] - Reported segment revenue for 2022 was HKD 35,031,515, a decrease of 16.0% from HKD 41,693,415 in 2021[21] - Adjusted EBITDA for the reporting segment was HKD 2,563,833 in 2022, down 46.3% from HKD 4,775,591 in 2021[21] - The company recorded a comprehensive profit before tax of HKD 2,038,844 in 2022, down from HKD 4,069,623 in 2021, a decrease of 50.0%[21] Dividends and Share Repurchases - The company declared a final cash dividend of HKD 0.084 per share, totaling approximately HKD 241 million[1] - The proposed final dividend per ordinary share for 2022 is HKD 0.084, compared to HKD 0.302 in 2021, indicating a decrease of 72.1%[55] - The company repurchased a total of 277,020,000 shares during the year ended December 31, 2022, compared to zero shares repurchased in 2021[57] - The company spent HKD 49,221,000 to repurchase 33,728,878 shares in the market under the restricted share unit plan, up from HKD 20,625,000 for 51,401,230 shares in 2021[59] Revenue Breakdown - Coal revenue was HKD 26,927,042,000, down 25.5% from HKD 36,107,175,000 in the previous year[16] - Supply chain services revenue increased significantly to HKD 3,756,526,000 from HKD 981,618,000, representing a growth of 282.5%[16] - Revenue from external customers in China (including Hong Kong, Macau, and Taiwan) was HKD 27,737,415 in 2022, a decline of 19.7% from HKD 34,544,878 in 2021[23] - Sales from overseas markets reached HKD 6,677 million, increasing its share of total revenue from 16.12% in 2021 to 19.40% in 2022[70] - The company's supply chain trade business generated revenue of HKD 30,610 million, accounting for approximately 88.95% of total revenue[72] Assets and Liabilities - Total current assets decreased to HKD 8,923 million in 2022 from HKD 11,522 million in 2021, a decline of approximately 22.7%[5] - Non-current assets increased to HKD 4,371 million in 2022 from HKD 3,926 million in 2021, an increase of about 11.3%[6] - Total reported segment assets decreased to HKD 14,375,502 in 2022 from HKD 17,295,491 in 2021, reflecting a reduction of 16.9%[21] - Total reported segment liabilities were HKD 7,048,844 in 2022, down 25.0% from HKD 9,374,928 in 2021[21] - The total liabilities for trade payables and notes payable were HKD 3,674,994,000 as of December 31, 2022, down from HKD 4,742,249,000 in 2021, reflecting a decrease of approximately 22.5%[49] Operational Metrics - The company achieved a coal sales volume of approximately 11.35 million tons in 2022, alongside 4.18 million tons from a joint venture in Mongolia[73] - The import volume of coking coal from Mongolia and Russia reached 46.61 million tons, accounting for 73.02% of China's total coking coal imports[60] - The procurement volume decreased by 35.04% to approximately 11.77 million tons in 2022 from 18.12 million tons in 2021[76] - The aging analysis of trade payables shows that payables within three months decreased to HKD 1,643,650,000 from HKD 2,176,436,000, a decline of 24.5%[51] Employee and Training - As of December 31, 2022, the group employed 1,844 full-time employees, an increase from 1,749 in 2021, reflecting a growth of approximately 5.4%[108] - The group conducted a total of 271 hours of training in 2022, with 3,513 participants, compared to 529 hours and 1,547 participants in 2021, showing a significant increase in training engagement[111] Financing and Debt - The total bank loans held by the group at the end of 2022 amounted to HKD 968 million, with an interest rate range of 1.40% to 8.90%[89] - The group’s debt-to-asset ratio at the end of 2022 was 45.85%, a decrease from 51.60% at the end of 2021[89] - The net financing cost for 2022 was HKD 217 million, an increase of 8.50% from HKD 200 million in 2021, driven by foreign exchange losses and adjustments from warrant exercises[82] Strategic Initiatives - The company is focusing on the development of a digitalized supply chain and has made significant progress in its "smart logistics" and "smart customs" systems[61] - The company aims to expand its leading position in the land border supply chain business by developing new ports and investing in domestic supply chains[62] - The company plans to focus on commodity trading and supply chain integrated services, emphasizing specialization, internationalization, and digitization for future growth[75] Environmental and Governance - The company emphasizes its commitment to environmental and social governance, aiming for a low-carbon and clean development approach[62] - The group has engaged a third-party consultant for its ESG report, indicating a commitment to environmental, social, and governance standards[112] - The group has maintained compliance with corporate governance codes, with a noted exception regarding the separation of the roles of Chairman and CEO[114]
易大宗(01733) - 2022 - 年度业绩