Financial Performance - The company reported total revenue of HKD 558,038,000 for the year ended December 31, 2023, representing an increase of 10.4% compared to HKD 505,361,000 in 2022[3] - Gross profit for the year was HKD 113,615,000, up 21.1% from HKD 93,771,000 in the previous year[3] - Net profit for the year reached HKD 33,333,000, a significant increase of 196.5% compared to HKD 11,224,000 in 2022[4] - The company reported a total comprehensive income of HKD 32,766,000 for the year, compared to a loss of HKD 3,373,000 in the previous year[4] - Basic earnings per share increased to HKD 6.68, up from HKD 2.25 in 2022, reflecting a growth of 196.0%[4] - The profit before tax for the group in 2023 was HKD 47,127,000, up from HKD 17,714,000 in 2022, indicating a growth of approximately 167.5%[19] - The group reported a pre-tax profit of HKD 33,333,000 for 2023, compared to HKD 11,224,000 in 2022, indicating a significant increase of 197.5%[33] - Net profit for 2023 was approximately HKD 33.3 million, an increase of about HKD 22.1 million or approximately 197.0% from HKD 11.2 million in 2022[74] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 288,116,000, an increase from HKD 267,205,000 in 2022[6] - The company's cash and cash equivalents increased to HKD 85,514,000 from HKD 48,349,000, showing a growth of 77.0%[6] - Non-current assets increased to HKD 114,691,000 from HKD 106,921,000, reflecting a growth of 7.3%[6] - The company's equity increased to HKD 287,553,000 from HKD 254,787,000, representing a growth of 12.9%[6] - Trade receivables decreased to HKD 102,640,000 as of December 31, 2023, from HKD 119,957,000 in 2022[43] - The total cost of property, plant, and equipment as of December 31, 2023, was HKD 324,831,000, reflecting an increase from HKD 297,448,000 in the previous year[36] Revenue Segments - The total external revenue for the printing solutions and services segment in 2023 was HKD 558,038,000, an increase from HKD 505,361,000 in 2022, representing a growth of approximately 10.4%[21] - The EBITDA for the printing solutions and services segment in 2023 was HKD 88,242,000, compared to HKD 60,651,000 in 2022, reflecting a significant increase of approximately 45.5%[21] - Customer A contributed HKD 80,533,000 in revenue for 2023, up from HKD 71,624,000 in 2022, representing a growth of 12.6%[25] Expenses - The operating expenses for the printing solutions and services segment in 2023 were HKD 476,185,000, compared to HKD 454,359,000 in 2022, showing an increase of approximately 4.8%[21] - Total other income decreased to HKD 7,526,000 in 2023 from HKD 16,284,000 in 2022, a decline of 53.8%[25] - The group’s total tax expense rose to HKD 13,794,000 in 2023 from HKD 6,490,000 in 2022, an increase of 112.5%[30] - The group reported a significant increase in employee benefits expenses, totaling HKD 163,183,000 in 2023, compared to HKD 153,665,000 in 2022, an increase of 6.5%[28] Dividends - The company plans to declare a final dividend of HKD 19,947,000 for the year, compared to HKD 14,960,000 in the previous year[7] - The board has proposed a final dividend of HKD 0.04 per share for the year ended December 31, 2023, compared to no final dividend in 2022[87] Acquisitions and Investments - The company completed the acquisition of Ovato's book printing business for an initial consideration of AUD 8,500,000 (approximately HKD 47,175,000)[55] - The company recognized a financial asset at fair value through profit or loss related to a subscription agreement for convertible notes amounting to approximately HKD 13,875,000[46] Compliance and Governance - The company plans to adopt new or revised International Financial Reporting Standards (IFRS) effective from January 1, 2024, which are expected to have no significant financial impact on the consolidated financial statements[15] - The company has complied with the Corporate Governance Code as per the listing rules for the year ended December 31, 2023[90] - The audit committee reviewed the company's audited financial performance for the year ended December 31, 2023[91] Economic Outlook - The company anticipates ongoing cost pressures and a shift in consumer demand due to economic conditions in 2024[62] - The management team is focused on improving production efficiency to mitigate negative impacts from the changing business environment[62]
澳狮环球(01540) - 2023 - 年度业绩