Financial Performance - The group generated revenue of MOP 616.1 million from new business segments, accounting for 45.9% of total revenue for the fiscal year 2022[2] - The total comprehensive income for the year was MOP 75.98 million, down from MOP 126.84 million in the previous year[5] - The gross profit margin decreased to 10.5% in 2022 from 19.0% in 2021, with net profit of MOP 91.67 million compared to MOP 126.47 million in 2021[16] - Basic and diluted earnings per share were both MOP 3.05, a decrease from MOP 4.72 in the previous year[5] - Total revenue for the year ended December 31, 2022, was MOP 1,341,916, a decrease from MOP 1,341,982 in 2021[59] - The profit before tax for the year was MOP 102,537, compared to MOP 144,504 in 2021, indicating a decline in profitability[59] - The company’s net profit decreased by 34.8 million Macanese Patacas or 27.5%, resulting in a net profit margin decline from 13.9% in 2021 to 6.8% in 2022[130] Revenue Breakdown - The construction business generated total revenue of 724,576 thousand Macanese Patacas in 2022, down 20.5% from 911,907 thousand Macanese Patacas in 2021[1] - The electric vehicle business saw significant growth, with sales of electric vehicle charging systems reaching 677 thousand Macanese Patacas in 2022, compared to only 46 thousand Macanese Patacas in 2021[1] - The steel structure business reported revenue of 1,341,916 thousand Macanese Patacas in 2022, an increase of 47% from 911,982 thousand Macanese Patacas in 2021[1] - Revenue from external customers in Macau was 1,205,124 thousand Macanese Patacas in 2022, up 32.1% from 911,954 thousand Macanese Patacas in 2021[1] Assets and Liabilities - The group reported cash and bank balances of MOP 74.8 million, down from MOP 224.8 million in the previous year[3] - The net asset value increased to MOP 483.4 million from MOP 447.5 million in the previous year[25] - The group’s trade receivables amounted to 557,734 thousand Macanese Patacas in 2022, compared to 234,763 thousand Macanese Patacas in 2021, indicating a significant increase in receivables[1] - The group reported overdue trade receivables of 246,004 thousand Macanese Patacas as of December 31, 2022, compared to 28,160 thousand Macanese Patacas in 2021[1] - The company reported a total of MOP 403,095 in trade and other payables for 2022, significantly higher than MOP 209,332 in 2021[70] Business Expansion and Diversification - The group diversified its operations into the steel structure business, involving metal material sales and processing[28] - The group has formed strategic partnerships with multiple listed automotive companies to develop electric vehicle businesses in Singapore, Thailand, Indonesia, and Malaysia[76] - The group is expanding its electric vehicle business, which includes providing charging services and manufacturing battery packs[90] - The company plans to expand its operations with a new production base in Jiangmen, Guangdong, expected to commence production in Q3 2023, enhancing its capabilities in construction and electric vehicle sectors[75] - The group plans to install approximately 2,500 to 3,500 charging stations in Guangdong Province, involving an investment of around 200 million RMB[99] Shareholder Actions - The board proposed a bonus issue of shares at a ratio of one new share for every two existing shares held, and a warrant issue at a ratio of one warrant for every ten existing shares held[3] - The board proposed a bonus share issuance of one new share for every two existing shares held, pending necessary approvals, with expected distribution around June 29, 2023[146] - The company plans to issue 2024 bonus warrants, with eligibility based on holding ten shares to receive one warrant, pending approval from the Stock Exchange[177] - The company repurchased 9,384,000 shares during the year at a total cost of approximately HKD 19.407 million, all of which were cancelled[154] Operational Challenges - The construction business revenue decreased by 187.3 million Macanese Patacas or 20.5% due to delays in large construction projects caused by the COVID-19 pandemic[121] - The gross profit margin for construction and renovation projects decreased from 19.6% in 2021 to 10.0% in 2022, primarily due to increased project costs[102] - The group recorded a gross loss of 2.3 million MOP in the electric vehicle business during the fiscal year[104] Future Outlook - The group plans to leverage its advanced engineering technology and management capabilities to capture new construction and renovation opportunities in the gaming and resort sectors in Macau[1] - The demand for construction services and prefabricated steel in Macau and Hong Kong is anticipated to increase as the global economy recovers[144] - The global steel demand is expected to grow by 1% to 1.8147 billion tons in 2023, according to the World Steel Association[142] Corporate Governance - The company has maintained a strong focus on corporate governance to protect shareholder interests and enhance business value[193] - The audit committee has been established with three independent non-executive directors, ensuring compliance with corporate governance codes[198]
澳能建设(01183) - 2022 - 年度业绩