Financial Performance - Revenue increased by approximately RMB 246.4 million or about 30.3% to approximately RMB 1,060.2 million for the year ended December 31, 2022, compared to RMB 813.8 million for the year ended December 31, 2021[3]. - Gross profit rose by approximately RMB 27.8 million or about 24.2% to approximately RMB 142.9 million for the year ended December 31, 2022, from RMB 115.1 million for the previous year[3]. - Net profit for the year ended December 31, 2022, was approximately RMB 49.9 million, an increase of approximately RMB 14.7 million or about 41.8% from RMB 35.2 million in the previous year[3]. - Basic and diluted earnings per share for the year ended December 31, 2022, were approximately RMB 8.32, compared to RMB 5.86 for the year ended December 31, 2021[5]. - The group's revenue for the year was RMB 1,060,218 thousand, an increase from RMB 813,810 thousand in the previous year, representing a growth of approximately 30.3%[14]. - The net profit for the year ended December 31, 2022, was RMB 49,931,000, compared to RMB 35,167,000 for 2021, representing a year-over-year increase of approximately 42.1%[23]. - The annual profit increased by approximately RMB 14.7 million or about 41.8%, from approximately RMB 35.2 million for the year ended December 31, 2021, to approximately RMB 49.9 million for the year ended December 31, 2022[46]. Dividends and Shareholder Information - The board has proposed a final dividend of HKD 0.03 per share for the year ended December 31, 2022, subject to shareholder approval[3]. - The company declared a final dividend of HKD 0.03 per share for the year ended December 31, 2022, totaling HKD 18,000,000, consistent with the previous year[22]. - The board of directors has proposed a final dividend of HKD 0.03 per share for the year ended December 31, 2022, subject to approval at the annual general meeting on June 28, 2023[60]. - The company will suspend shareholder registration from June 23 to June 28, 2023, to determine eligibility for attending the annual general meeting[61]. - The company will also suspend shareholder registration from July 4 to July 6, 2023, to determine eligibility for receiving the final dividend[61]. Assets and Liabilities - Total assets as of December 31, 2022, were RMB 539.6 million, compared to RMB 509.8 million as of December 31, 2021[6]. - Current liabilities decreased to RMB 491.8 million as of December 31, 2022, from RMB 429.7 million as of December 31, 2021[6]. - Non-current assets increased to RMB 228.8 million as of December 31, 2022, from RMB 163.4 million as of December 31, 2021[6]. - As of December 31, 2022, the company's debt-to-asset ratio was approximately 66.3%, an increase from about 66.1% in 2021, mainly due to increased bank borrowings[50]. - The company had approximately RMB 143.0 million of assets pledged as collateral for bank financing as of December 31, 2022, compared to approximately RMB 76.4 million in 2021[52]. Operational Highlights - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[9]. - Sales of plain fabric amounted to RMB 811,752 thousand, up from RMB 592,310 thousand, reflecting a growth of about 37.1% year-over-year[14]. - Revenue from sales of lamp core velvet materials increased to RMB 202,099 thousand from RMB 176,602 thousand, marking a growth of approximately 14.4%[14]. - The group generated external customer revenue of RMB 781,805 thousand from China, compared to RMB 612,826 thousand in the previous year, indicating a growth of around 27.6%[16]. - The company plans to enhance sales and marketing efforts in China to capture opportunities from the recovering domestic demand[34]. - The company is exploring the feasibility of establishing production facilities in Bangladesh to align with international clothing brands shifting production to Southeast Asia[35]. - The company aims to install automation systems in its production processes to reduce operating costs and improve production efficiency and product quality[35]. Financial Costs and Expenses - Financial costs for the year were RMB 11,054 thousand, compared to RMB 6,031 thousand in the previous year, showing an increase of approximately 83.9%[19]. - The income tax expense for the year was RMB 11,970 thousand, up from RMB 6,199 thousand, reflecting an increase of about 93.5%[19]. - Administrative expenses increased from approximately RMB 40.0 million in 2021 to RMB 45.8 million in 2022, mainly due to the acquisition of machinery and equipment[42]. - The actual income tax rate decreased from approximately 28.4% for the year ended December 31, 2021, to about 21.1% for the year ended December 31, 2022, primarily due to a reduction in deferred tax items[45]. - Total employee costs for 2022 amounted to RMB 64,326,000, up from RMB 56,592,000 in 2021, indicating an increase of about 13.1%[22]. Compliance and Governance - The company has not early adopted any new Hong Kong Financial Reporting Standards that have been issued but are not yet effective, indicating a cautious approach to regulatory changes[11]. - The company has maintained compliance with all applicable corporate governance codes during the year ended December 31, 2022[63]. - The audit committee has reviewed the financial performance for the year ended December 31, 2022, and discussed risk management and internal controls with management[65]. - The company is committed to ensuring the accuracy of its financial disclosures and compliance with auditing standards[67]. - The company operates under the auditing standards of Hong Kong, ensuring rigorous review processes[67]. - The company emphasizes transparency in its financial reporting by publishing documents on public platforms[67]. - The board of directors includes a diverse group of individuals, enhancing governance and oversight[67].
亚东集团(01795) - 2022 - 年度业绩