Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 1,007,801,000, representing an increase of 5.0% compared to HKD 959,900,000 in 2022[5] - Gross profit for the same period was HKD 467,805,000, up from HKD 454,242,000, indicating a growth of 3.0%[5] - The company reported a net loss of HKD 19,794,000 for 2023, a significant improvement from a loss of HKD 36,505,000 in 2022, reflecting a reduction of 45.9%[6] - Operating profit for the year was HKD 117,000, compared to an operating loss of HKD 15,908,000 in the previous year[5] - The cost of sales for the year was HKD 539,996,000, which is an increase from HKD 505,658,000 in 2022, reflecting a rise in operational costs[20] - The total operating expenses increased to HKD 1,029,822,000 in 2023 from HKD 971,630,000 in 2022, indicating a rise in overall expenditure[27] - Employee benefits expenses rose to HKD 201,828,000 in 2023, up from HKD 180,938,000 in 2022, reflecting increased staffing costs[28] - The net loss for 2023 was HKD 19.8 million, an improvement from a net loss of HKD 36.5 million in 2022, attributed to increased supplier subsidies[107] Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 912,168,000, slightly up from HKD 910,462,000 in 2022[8] - Current assets increased to HKD 541,524,000 from HKD 518,567,000, showing a growth of 4.4%[8] - The company’s total equity decreased to HKD 218,644,000 from HKD 241,583,000, a decline of 9.5%[8] - Total liabilities increased to HKD 693,524,000 in 2023 from HKD 668,879,000 in 2022, representing a growth of approximately 3.5%[9] - Non-current liabilities rose to HKD 157,950,000 in 2023, up from HKD 150,565,000 in 2022, indicating an increase of about 4.6%[9] - Current liabilities increased to HKD 535,574,000 in 2023, compared to HKD 518,314,000 in 2022, reflecting a growth of approximately 3.3%[9] - The company's net asset value decreased to HKD 218,644,000 in 2023 from HKD 241,583,000 in 2022, a decline of about 9.5%[9] Income and Expenses - The company reported other income of HKD 18,858,000, significantly higher than HKD 3,259,000 in 2022, indicating a growth of 478.5%[5] - The company’s financing income increased to HKD 1,236,000 from HKD 391,000, reflecting a growth of 215.1%[5] - The income tax expense for 2023 was HKD 1,550,000, down from HKD 2,057,000 in 2022, representing a decrease of approximately 24.6%[32] - The basic loss per share for 2023 was HKD (0.04), an improvement from HKD (0.08) in 2022, indicating a reduction in loss per share by 50%[43] Revenue Breakdown - Revenue from retail operations decreased to HKD 899,525,000 in 2023, down 2% from HKD 916,691,000 in 2022[21] - Revenue growth in Macau accounted for HKD 43.2 million, representing 90.1% of the total revenue increase, while revenue in mainland China decreased by HKD 23.7 million[94] - Revenue from Macau increased to HKD 481.6 million, up 9.9% year-on-year, driven by a 394.9% increase in visitor numbers and a 292.2% increase in visitor spending[98] - Revenue from Mainland China decreased to HKD 426.1 million, a decline of 5.3%, with the number of stores reduced to 130 from 135[99] - Revenue from Hong Kong and Taiwan saw significant increases of 31.6% and 283.7%, respectively, with store numbers adjusted in Taiwan[100] Operational Metrics - The number of self-operated retail stores in Greater China reached 169, with 156 being single-brand stores and 13 multi-brand stores[93] - Online sales recorded a negative growth rate of 79.2%, while single-brand and multi-brand store sales increased by 2.5% and 44.3%, respectively[95] - The average sellable floor area decreased from 34,582 square meters in 2022 to 31,772 square meters in 2023 due to the closure of underperforming stores in Taiwan[95] Corporate Governance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the relevant trading regulations[133] - The company has adhered to the corporate governance code, maintaining a balanced composition of executive and independent non-executive directors[137] - The audit committee has reviewed the accounting policies and practices, discussing risk management and internal controls for the financial year ending December 31, 2023[138] Shareholder Information - As of December 31, 2023, Mr. Fan Rongting holds 300,000,000 shares in Gold Star Fashion Limited, representing a 75% equity interest[130] - Gold Star Fashion Limited is the sole beneficial owner of the 300,000,000 shares, as Mr. Fan owns the entire issued share capital of the company[132] - Ms. Zheng Qiongli, as Mr. Fan's spouse, is deemed to have an interest in the shares held by Mr. Fan, which also amounts to 300,000,000 shares or 75%[132]
尚晋国际控股(02528) - 2023 - 年度业绩