Financial Performance - The audited revenue for the year ended December 31, 2022, was HKD 31.349 billion, a decrease of 19.1% compared to the previous year[4] - Shareholders' profit for the year was HKD 2.314 billion, down 38.2% year-on-year[4] - The net profit for the year was HKD 3,329,770, down from HKD 4,112,966 in 2021, resulting in basic and diluted earnings per share of HKD 2.128, compared to HKD 3.429 in 2021[34] - The company reported a total comprehensive loss of HKD 2,564,371 for the year, compared to a comprehensive income of HKD 6,221,289 in 2021[36] - The company’s net profit attributable to shareholders for 2022 was HKD 2,313,924,000, a decrease of 17.2% from HKD 3,745,505,000 in 2021[7] - The gross profit margin decreased by 9.6 percentage points compared to the previous year, primarily due to reduced toll revenue during the pandemic[10] Dividends - The company proposed a final dividend of HKD 0.50 per share, down from HKD 0.54 per share in the previous year, resulting in a total annual dividend of HKD 0.92 per share[4] - The proposed final dividend for the year 2022 is HKD 0.50 per share, down from HKD 0.54 in 2021, resulting in a total annual dividend of HKD 0.92 per share compared to HKD 1.02 in 2021[26] Segment Performance - The infrastructure segment reported a profit of HKD 1.926 billion, representing 76.0% of the group's net profit, a decline of 18.7% from the previous year[5] - Toll revenue from the company's highways and bridges decreased significantly, with total toll revenue of HKD 3.384 billion, down 26.2% year-on-year[8] - The consumer goods segment recorded a profit of HKD 310 million, a decrease of 53.7% year-on-year, accounting for approximately 12.2% of the group's net profit[20] - Nanyang Tobacco's revenue and net profit for the year were HKD 1.431 billion and HKD 182 million, respectively, down 39.8% and 63.5% compared to the previous year[21] - Yongfa Printing achieved revenue of HKD 1.764 billion, a decline of 8.5% year-on-year, with net profit down 33.8%[22] Acquisitions and Investments - The company successfully acquired a 40% stake in Shanghai Pharmaceutical Group for RMB 6.236 billion, aligning with its strategic focus on the health sector[6] - The company increased its stake in Shanghai Clean Energy by 40% for approximately RMB 224 million, now holding a total of 80%[9] - The company processed nearly 14 million tons of waste in 2022, a 26.4% increase from the previous year[13] - The company completed 45.5 billion kWh of electricity generation, a year-on-year increase of 49.7%[14] Operational Challenges - The overall operating environment was impacted by the COVID-19 pandemic, leading to significant challenges in revenue generation and operational stability[4] - The real estate business recorded a profit contribution of HKD 300 million, a year-on-year decline of 66.5%, primarily due to increased funding costs and delays in project sales[16] Future Outlook - The outlook for 2023 indicates a commitment to innovation and upgrading core businesses to improve management efficiency and profitability[24] - The real estate sector outlook remains optimistic due to government support policies, with a focus on optimizing strategic layout and enhancing operational efficiency[24] Financial Position - Total liabilities decreased from HKD 73,631,221 thousand in 2021 to HKD 65,395,878 thousand in 2022, representing a reduction of approximately 11.5%[39] - Total assets as of December 31, 2022, amounted to HKD 193.93 billion, with infrastructure at HKD 67.88 billion, real estate at HKD 112.92 billion, and consumer goods at HKD 7.41 billion[55] - The company’s bank and other loans decreased from HKD 6,641,699 thousand in 2021 to HKD 3,589,367 thousand in 2022, a significant reduction of about 46.0%[39] Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2022[30] - The company will hold its annual general meeting on May 25, 2023, to approve the proposed final dividend[27]
上海实业控股(00363) - 2022 - 年度业绩