Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 8,215 million, representing a 16% increase from HKD 7,076 million in 2021[2] - Gross profit increased by 20% to HKD 5,290 million, with a gross margin of 64%, up from 62% in the previous year[2] - Net profit attributable to shareholders reached a record high of HKD 2,715 million, an increase of 7% compared to HKD 2,538 million in 2021[2] - EBITDA for the year was HKD 5,415 million, reflecting a 14% growth from HKD 4,755 million in the prior year[2] - The company reported a total comprehensive income of HKD 2,300 million, down from HKD 2,876 million in 2021[6] - The group generated revenue of HKD 3,798,695,000 from its coal mining segment, representing 46% of total revenue, an increase from 40% in the previous year[19] - The group reported a profit attributable to shareholders of HKD 2,715,374,000, an increase from HKD 2,538,495,000 in the previous year, resulting in basic earnings per share of HKD 0.5375[27] - Net profit for the year was approximately HKD 3.308 billion, representing an 8% year-on-year growth, while profit attributable to owners increased by about 7% to HKD 2.715 billion[44] - The EBITDA for the year was approximately HKD 5.415 billion, up from about HKD 4.755 billion in the previous year[45] Dividends - The company declared a final dividend of HKD 0.43 per share, an increase of 8% from HKD 0.40 per share in 2021[2] - The total dividend declared for the year was HKD 2,374,364,000, significantly higher than HKD 858,812,000 in the previous year[25] - The group plans to distribute a final dividend of HKD 1,414,515,000 for the year ending December 31, 2022, pending shareholder approval[26] - The proposed final dividend for the year ended December 31, 2022, is HKD 0.28 per share, compared to HKD 0.32 for the previous year, resulting in a total dividend of HKD 0.43 per share for the year, up from HKD 0.40 in the prior year[39] - The group plans to distribute the proposed final dividend on July 18, 2023, pending shareholder approval at the annual general meeting on May 31, 2023[39] Assets and Liabilities - Current ratio improved by 20% to 3.23 from 2.69 in the previous year, indicating better liquidity[2] - Total assets decreased to HKD 23,463 million from HKD 24,780 million, a decline of approximately 5%[7] - Net asset value per share decreased by 3% to HKD 3.32 from HKD 3.42 in the previous year[2] - Trade receivables increased to HKD 1,504,189,000 in 2022 from HKD 1,087,425,000 in 2021, representing a growth of 38.4%[29] - The total amount of notes receivable decreased to HKD 1,575,256,000 in 2022 from HKD 2,260,302,000 in 2021, a decline of 30.3%[31] - Trade payables amounted to HKD 236,931,000 in 2022, down from HKD 270,017,000 in 2021, a decrease of 12.2%[33] - The total amount of notes payable increased to HKD 377,806,000 in 2022 from HKD 337,230,000 in 2021, an increase of 12.0%[36] - The total trade receivables and notes receivable amounted to HKD 2,889,765,000 in 2022, compared to HKD 3,144,251,000 in 2021, a decrease of 8.1%[29] Operational Highlights - The group produced approximately 5.25 million tons of raw coking coal in the year ended December 31, 2022, an increase of 2% from 5.17 million tons in the previous year[42] - The production of premium coking coal was approximately 3.23 million tons, reflecting a 1% increase from 3.20 million tons in the previous year[42] - The sales volume of premium coking coal increased by 4% when excluding external purchases, with total sales volume reaching 3.32 million tons, up from 3.30 million tons in the previous year[42] - The group continues to focus on premium coking coal sales as part of its long-term strategy, with premium coking coal sales contributing 100% to the group's revenue[43] Market and Economic Conditions - The GDP growth in China for 2022 was stabilized at 3%, despite various economic challenges[67] - The government set a GDP growth target of 5% for 2023, with international organizations adjusting their growth forecasts for China upwards[68] - The group will continue to monitor economic conditions and adjust operational strategies accordingly[68] Financial Reporting and Compliance - The financial statements have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards and have received an unqualified audit opinion[10] - The company has adopted the Standard Code as the guideline for directors' securities trading, ensuring compliance for the fiscal year ending December 31, 2022[72] - The annual report for 2022 will be sent to shareholders and made available on the company's website and the Hong Kong Stock Exchange website[73] Employee and Corporate Governance - The group employed 4,446 employees as of December 31, 2022, with annual salary reviews conducted[66] - The chairman expressed gratitude to customers, suppliers, and shareholders for their continued support, highlighting the management and employees' efforts over the past year[74]
首钢资源(00639) - 2022 - 年度业绩