Financial Performance - The company's annual profit attributable to shareholders for the year ended December 31, 2022, was HKD 358,162,000, a decrease of 24.5% from HKD 470,379,000 in 2021[5] - The total comprehensive income for the year was HKD (1,320,288,000), compared to HKD 987,186,000 in the previous year, indicating a significant decline[7] - Revenue from continuing operations was approximately HKD 3,705,129,000, an increase from HKD 3,540,957,000 in the previous year, representing a growth of 4.65%[20] - Profit attributable to the company's owners was approximately HKD 358,162,000, down from HKD 470,379,000 in the previous year, reflecting a decrease of 23.83%[20] - Basic earnings per share were HKD 0.3339, compared to HKD 0.4385 in the previous year, indicating a decline of 23.83%[20] - Gross profit for the year was HKD 1,010,477,000, slightly down from HKD 1,015,358,000 in the previous year, a decrease of 0.85%[22] - The pre-tax profit was HKD 554,043,000, down from HKD 680,996,000 in the previous year, representing a decline of 18.63%[22] - The annual profit for the year ended December 31, 2022, was HKD 504,154,000, a decrease from HKD 592,967,000 in 2021, representing a decline of approximately 14.9%[59] Assets and Liabilities - Non-current assets decreased from HKD 12,705,711,000 in 2021 to HKD 11,210,411,000 in 2022, reflecting a reduction of approximately 11.7%[8] - Current assets also saw a decline, dropping from HKD 10,752,276,000 in 2021 to HKD 10,055,816,000 in 2022, a decrease of about 6.5%[8] - The company's total assets decreased from HKD 23,457,987,000 in 2021 to HKD 21,266,227,000 in 2022, representing a decline of approximately 9.3%[8] - The total equity decreased to HKD 16,429,280,000 from HKD 17,875,658,000 in the previous year, a reduction of 8.06%[26] - Total liabilities decreased to HKD 4,836,947,000 from HKD 5,582,329,000 in the previous year, a decrease of 13.36%[26] Cash Flow and Investments - The company's cash and cash equivalents decreased from HKD 3,998,814,000 in 2021 to HKD 3,661,450,000 in 2022, a reduction of about 8.4%[8] - The net cash from operating activities was HKD 504,154,000, down from HKD 639,279,000 in the previous year, reflecting a decrease of 21.06%[22] - The company reported a net cash inflow of HKD 184,344,000 from the sale of a subsidiary, with a total consideration of HKD 614,482,000[173] Dividends - The proposed final dividend is HKD 0.055 per share, maintaining the same as the previous year, with a total annual dividend of HKD 0.0895 per share[20] - The company proposed a final dividend of HKD 0.055 per ordinary share for the year ended December 31, 2022, consistent with the previous year, amounting to approximately HKD 59,002,000[72] - The group issued and paid an interim dividend of HKD 0.0345 per share for 2022, consistent with the previous year[97] Government Subsidies - Government subsidies amounted to HKD 632,061,000 in 2022, compared to HKD 341,313,000 in 2021, indicating an increase of approximately 85.4%[59] Segment Performance - Total revenue from external customers reached HKD 3,705,129,000, with contributions from various segments including public utilities (HKD 1,859,231,000) and pharmaceuticals (HKD 1,486,791,000) [33] - Revenue from water supply and thermal energy was HKD 326,962,000 and HKD 1,532,269,000 respectively, showing a year-on-year increase in both categories [35] - The pharmaceutical segment's revenue fell by 10.8% to approximately HKD 748.6 million, resulting in a loss of HKD 51 million compared to a loss of HKD 34.4 million in the previous year[89] - The electricity segment reported revenue of approximately HKD 2,581,200,000, a 3.7% increase, with profit contribution rising by 40.4% to HKD 59,800,000[112] - The hotel segment's revenue increased by HKD 20,500,000 to approximately HKD 77,700,000, with a profit turnaround to HKD 2,600,000 from a loss of HKD 8,600,000 in the previous year[115] Foreign Exchange and Financial Management - The company incurred a loss of HKD 65,044,000 from foreign exchange in 2022, contrasting with a gain of HKD 22,516,000 in 2021[63] - The financial expenses related to equity-accounted joint ventures amounted to HKD (23,633,000), reflecting the company's investment strategy [33] - The company’s tax expenses included current tax of HKD 61,681,000 and deferred tax of HKD 9,197,000, indicating effective tax management [40] Corporate Governance - The company has complied with the corporate governance code as per the listing rules, except for the absence of the chairman at the annual general meeting due to other commitments[153] - The audit committee, consisting of five independent non-executive directors, regularly reviews the group's accounting principles and practices, as well as risk management and internal control systems[152] - The company has adopted the standard code for securities trading by directors, confirming compliance by all directors throughout the year[151] Future Outlook - Future outlook includes continued focus on expanding public utility services and enhancing operational efficiency across all segments [29] - The company aims to strengthen its business foundation and financial strength while accelerating high-quality transformation despite a competitive operating environment[120]
天津发展(00882) - 2022 - 年度业绩