第一太平(00142) - 2022 - 年度业绩

Financial Performance - Revenue increased by 13.2% from $9.1032 billion (HK$71.005 billion) to $10.3049 billion (HK$80.3782 billion) in 2022[2] - Operating profit contribution rose by 17.2% from $506.4 million (HK$3.9499 billion) to $593.3 million (HK$4.6277 billion)[2] - Net profit attributable to shareholders increased by 17.5% from $333.3 million (HK$2.5997 billion) to $391.6 million (HK$3.0545 billion)[3] - Basic earnings per share based on recurring profit rose by 21.1% from 9.88 cents (77.1 HK cents) to 11.96 cents (93.3 HK cents)[2] - The company reported a net profit of $1,049.6 million for the year ended December 31, 2022, an increase of 17.2% from $895.7 million in 2021[4] - Total revenue for the year ended December 31, 2022, was $10,304.9 million, an increase from $9,103.2 million in 2021, representing a growth of approximately 13.2%[10] - The company's recurring profit for 2022 was $508.8 million, up from $426.5 million in 2021, indicating a year-over-year increase of about 19.3%[12] Dividends and Shareholder Returns - Total dividend per ordinary share for the year increased to HK$22.00 (US$2.82) from HK$19.00 (US$2.43) in 2021[2] - The final dividend declared by the board of First Pacific is HKD 11.5 (USD 1.47) per share, an increase of 16% from HKD 10.0 (USD 1.28) in 2021, with total dividends for 2022 amounting to USD 119.4 million, representing approximately 24% of recurring profit[38] - The company repurchased shares amounting to $54.3 million during the year[5] - The company repurchased a total of 39,706,000 shares at a cost of approximately HKD 113.1 million ($14.5 million) in 2022[125] Assets and Liabilities - Total liabilities to equity ratio increased from 0.74 times to 0.82 times[2] - Net debt increased by 8.0% from $7.8655 billion (HK$61.3509 billion) to $8.4932 billion (HK$66.247 billion)[2] - The equity attributable to shareholders decreased slightly by 0.1% from $32.986 billion (HK$257.291 billion) to $32.965 billion (HK$257.127 billion)[2] - The company reported a significant increase in accounts receivable, rising to $89.2 million from $55.5 million, an increase of 60.0%[4] - The company’s total liabilities decreased to $11,017.4 million from $11,328.8 million, a decline of 2.8%[4] - The total assets as of December 31, 2022, were $7,069.3 million, down from $7,314.5 million at the beginning of the year[5] - The total assets, excluding financial instruments and deferred tax assets, amounted to $20,165.3 million as of December 31, 2021[14] Cash Flow and Financing - The net cash flow from operating activities for 2022 was $1,424.0 million, up from $1,245.9 million in 2021, representing an increase of 14.3%[7] - The net cash flow from financing activities was $4,464.6 million in 2022, a decrease from $5,941.2 million in 2021, reflecting a decline of 24.8%[7] - The company’s cash flow hedges resulted in unrealized losses of $(1,002.8) million compared to $(434.4) million in the previous year[4] - The company recorded a net cash inflow from operating activities of 155.5 million USD in 2022, compared to 136.4 million USD in 2021[106] Market and Business Segments - The company operates in four main business segments: consumer food, telecommunications, construction, and natural resources, with a focus on markets in Indonesia, the Philippines, Singapore, and the Middle East[11] - Revenue from consumer food sales was $7,478.2 million in 2022, up from $6,869.4 million in 2021, indicating a growth of about 8.9%[10] - Revenue from real estate sales in the construction segment increased to $1,755.3 million in 2022 from $1,201.3 million in 2021, reflecting a significant growth of approximately 46%[10] - The company plans to expand its market presence in Southeast Asia, particularly in Indonesia and the Philippines, where revenue contributions were $5,710.0 million and $882.9 million respectively in 2022[12] Operational Efficiency and Cost Management - The company aims to improve operational efficiency and reduce costs through strategic initiatives and potential mergers and acquisitions in the upcoming fiscal year[12] - Employee compensation costs decreased to $826.3 million in 2022 from $871.1 million in 2021, a reduction of about 5.1%[17] - The average number of employees increased to 100,668 in 2022 from 99,828 in 2021, showing a growth in workforce[30] Risk Management and Governance - The company has maintained high standards of corporate governance, with a committee primarily composed of independent non-executive directors overseeing governance practices[128] - The independent auditor, Ernst & Young, issued an unqualified opinion on the financial statements for the year ended December 31, 2022[131] - The company has updated its corporate governance code to reflect amendments to listing rules, enhancing transparency and accountability[129] Future Outlook - The group expects continued strong growth in its Southeast Asian markets and Indofood's global food business, supporting profit growth for nearly all investee companies in 2023[42] - PLDT expects mid-single-digit revenue growth and plans to reduce capital expenditures to between PHP 80 billion and PHP 85 billion[69] - The company plans to expand its market presence and invest in new technologies to drive future growth, although specific figures were not disclosed during the call[21]