Financial Performance - For the fiscal year ended December 31, 2023, the company reported total revenue of HKD 2,562,781, an increase of 2.66% from HKD 2,496,089 in the previous year[5]. - The gross profit for the year was HKD 839,221, slightly up from HKD 831,425, resulting in a gross margin of approximately 32.8%[5]. - The net profit for the year was HKD 240,722, a decrease of 15.8% compared to HKD 285,809 in the previous year[5]. - The total comprehensive income for the year was HKD 243,792, down from HKD 249,483 in the previous year[6]. - Basic earnings per share for the year were HKD 24.97, compared to HKD 29.70 in the previous year, reflecting a decline of 16.3%[6]. - The profit before tax for the year 2023 was approximately HKD 185,248,000, a decrease from HKD 219,911,000 in 2022, reflecting a decline of about 15.7%[52]. - The company reported a net profit attributable to shareholders of HKD 185,200,000 for the year, a decrease of 15.8% from HKD 219,900,000 in 2022[98]. Revenue Breakdown - Printing revenue amounted to HKD 1,614,872,000, slightly down from HKD 1,620,197,000 in the previous year, indicating a decrease of about 0.02%[33]. - Publishing revenue increased to HKD 947,909,000 from HKD 875,892,000, reflecting a growth of approximately 8.21%[33]. - The total revenue from the publishing segment was HKD 947,909 in 2023, up from HKD 875,892 in 2022, indicating an increase of approximately 8.2%[36]. - The acquisition of Griffin Press contributed to the revenue growth in 2023, alongside the consolidation of Quarto as a subsidiary[76]. - The book publishing segment contributed approximately HKD 947,900,000 in revenue for the year, compared to HKD 875,900,000 in 2022, while the printing segment generated approximately HKD 1,614,900,000, a slight decrease from HKD 1,620,200,000 in the previous year[96]. Assets and Liabilities - The company's total assets as of December 31, 2023, were HKD 1,913,851, an increase from HKD 1,881,317 in the previous year[8]. - The total liabilities decreased to HKD 113,000 from HKD 130,834, indicating improved financial stability[8]. - As of December 31, 2023, total equity amounted to HKD 1,654,961,000, with retained earnings of HKD 1,025,857,000[10]. - The total assets of the company as of December 31, 2023, amount to HKD 255,912,000, compared to HKD 224,642,000 in 2022, indicating growth[53]. - The total liabilities as of December 31, 2023, are HKD 142,501,000, an increase from HKD 103,216,000 in 2022[55]. Cash Flow and Dividends - Cash and cash equivalents increased to HKD 780,094 from HKD 770,217, showing a positive cash flow trend[8]. - The company declared a proposed final dividend of HKD 61,600,000 for the year[10]. - The proposed final dividend for the year is HKD 0.08 per share, totaling approximately HKD 61,600,000, compared to HKD 53,900,000 for the previous year's final dividend[50]. - The board has proposed a final dividend of HKD 0.08 per share for the fiscal year ending December 31, 2023, compared to HKD 0.07 and a special dividend of HKD 0.03 in 2022[106]. Cost Management - The company reported a decrease in administrative expenses to HKD 211,955 from HKD 180,118, reflecting cost management efforts[5]. - The total employee benefits expenses increased to HKD 582,446,000 in 2023 from HKD 522,947,000 in 2022, representing an increase of approximately 11.4%[50]. - The financial expenses for the group increased to HKD 36,402 in 2023 from HKD 18,093 in 2022, marking an increase of approximately 101.3%[43]. - The company has increased its administrative expenses to approximately HKD 212,000,000, primarily due to the full-year administrative costs of Quarto and Griffin businesses[97]. Market and Strategic Outlook - The company plans to focus on market expansion and new product development in the upcoming fiscal year[5]. - The company implemented strategies for supply chain and market diversification in response to geopolitical tensions and inflationary pressures[73]. - The company plans to continue enhancing its printing capacity in Malaysia due to sustained demand for book printing in Southeast Asia[93]. - The Chinese book market is expected to remain weak in 2024, prompting local printers to diversify towards overseas clients[87]. Accounting and Compliance - The company has adopted new or revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the group's performance or financial position for the current or prior periods[17]. - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards and comply with the applicable disclosure requirements of the Stock Exchange[1]. - The group has not early adopted any new or revised standards that have not yet come into effect during the current accounting period[21].
狮子山集团(01127) - 2023 - 年度业绩