Financial Performance - The company's revenue for the year 2022 was HKD 7,559,205 thousand, a decrease of 19.9% compared to HKD 9,433,001 thousand in 2021[17]. - Gross profit for 2022 was HKD 1,392,370 thousand, down 7.4% from HKD 1,503,129 thousand in the previous year[17]. - The gross profit margin increased to 18.4% in 2022, up 2.5 percentage points from 15.9% in 2021[17]. - Net profit attributable to owners of the company from continuing operations was HKD 408,862 thousand, a significant increase of 72.6% compared to HKD 236,831 thousand in 2021[17]. - Basic earnings per share for the year was 1.41 HK cents, a decrease of 51.2% from 2.89 HK cents in the previous year[17]. - Earnings per share from continuing operations increased by 40.3% to 4.21 HK cents from 3.00 HK cents in 2021[17]. - The company reported a stable income from components related to new energy vehicle batteries and home and sports products despite challenging market conditions[55]. - The company reported cash and cash equivalents of HKD 1,195,166 thousand, down from HKD 1,365,993 thousand, a decrease of 12.5%[28]. - The financial expenses for the year 2022 amounted to HKD 137,831,000, a significant increase of 87% compared to HKD 73,689,000 in 2021[80]. - The total tax expense from continuing operations for 2022 was HKD 67,302,000, an increase from HKD 51,369,000 in 2021, reflecting higher earnings[90]. Operational Changes - The company successfully completed the spin-off of its home and sports products business, which was listed on the Shenzhen Stock Exchange on March 13, 2023, raising a net amount of RMB 624.0 million[55]. - The company sold 70% of its automotive business while retaining 30% ownership, indicating a strategic shift in its portfolio[55]. - The company plans to sell its entire smart appliance casing business to improve capital turnover efficiency[55]. - The company aims to increase participation in new products and expand its product line through technological innovation and collaboration with clients[53]. - The company is focusing on the development of AR/VR products, which are expected to become a new growth point in the consumer electronics industry[64]. - The group plans to explore new industries, products, materials, and fields to enhance profit margins and strengthen cash flow[150]. Market Conditions - The company experienced a year-on-year decline in sales due to weak sales from Chinese smartphone brands, but improved gross margins due to changes in customer composition[54]. - The global smartphone shipment volume decreased by 11.3% year-on-year to approximately 1.21 billion units, marking a 10-year low[62]. - The group faced a challenging external operating environment, including ongoing international disputes and global inflation, impacting consumer product sales[140]. - The largest customer accounted for approximately 17.9% of the group's total revenue, while the top five customers represented about 47.7%[168]. Asset and Liability Management - Total non-current assets decreased to HKD 6,235,924 thousand from HKD 7,401,561 thousand, a decline of approximately 15.8%[28]. - Current liabilities totaled HKD 5,444,365 thousand, down from HKD 7,719,965 thousand, indicating a reduction of 29.5%[28]. - The company's total equity decreased to HKD 7,630,836 thousand from HKD 8,221,492 thousand, a decline of 7.2%[30]. - The total accounts receivable and notes as of December 31, 2022, amounted to HKD 2,159,485,000, down from HKD 3,316,661,000 in 2021, reflecting a decrease of 34.8%[105]. - The asset-to-liability ratio as of December 31, 2022, was 19.1%, a slight decrease from 20.3% as of December 31, 2021[178]. Research and Development - Research and development costs for 2022 were HKD 514,879,000, slightly up from HKD 501,432,000 in 2021, highlighting continued investment in innovation[93]. - The group plans to allocate HKD 29 million for R&D to strengthen its competitive advantage in the mobile phone casing and precision components business[170]. Discontinued Operations - The revenue from discontinued operations for the year ended December 31, 2022, was HKD 412,858,000, a decrease of 23.1% from HKD 536,118,000 in 2021[103]. - The gross loss from discontinued operations for 2022 was HKD 162,628,000, compared to a gross profit of HKD 47,104,000 in 2021[103]. - The group reported a loss from discontinued operations of approximately HKD 271.6 million, a significant increase of about 3,058.1% compared to a loss of HKD 8.6 million in the previous year[175].
通达集团(00698) - 2022 - 年度业绩