Financial Performance - AEON Stores (Hong Kong) reported total revenue of HKD 8,692,870, a decrease of 9.2% from HKD 9,571,321 in 2022[2] - The company recorded a net loss of HKD 187,802, compared to a net loss of HKD 224,716 in the previous year, representing a 16.4% improvement[3] - Total comprehensive loss for the year was HKD 185,913, down from HKD 207,876 in 2022, indicating a 10.6% reduction[3] - The loss per share improved to HKD 72.56 from HKD 84.57, a decrease of 14.5%[2] - The company reported a pre-tax loss of HKD 185,280,000 for the year ended December 31, 2023, compared to a pre-tax loss of HKD 219,518,000 for the year ended December 31, 2022[17][18] - The adjusted EBITDA for the year was a loss of HKD 157.8 million, worsening from a loss of HKD 60.8 million in 2022[45] - The adjusted EBITDA for 2023 was reported at HKD (157,811) thousand, compared to HKD (60,831) thousand in 2022, indicating a worsening performance[49] Assets and Liabilities - Non-current assets decreased to HKD 3,213,060 from HKD 3,502,113, reflecting a decline of 8.3%[5] - Current assets also fell to HKD 2,365,946 from HKD 2,535,405, a decrease of 6.7%[5] - The company's total liabilities decreased to HKD 3,049,656 from HKD 3,151,152, a reduction of 3.2%[5] - As of December 31, 2023, the total lease liabilities were HKD 3,208.8 million, a decrease from HKD 3,481.3 million in 2022[47] - As of December 31, 2023, the current liabilities exceeded current assets by HKD 683.7 million, compared to HKD 615.8 million in 2022[47] Revenue Breakdown - Direct sales in Hong Kong amounted to HKD 3,842,063,000, while in Mainland China, it was HKD 4,324,963,000, contributing to a total of HKD 8,167,026,000 in direct sales[12] - Franchise sales revenue reached HKD 525,844,000, with HKD 298,804,000 from Hong Kong and HKD 227,040,000 from Mainland China[12] - The Hong Kong business recorded a revenue decline of 9.7% to HKD 4,140.9 million, with a segment loss of HKD 149.9 million[36] - The mainland China business generated revenue of HKD 4,552 million, down from HKD 4,986 million in 2022, with a loss of HKD 61.5 million, an improvement from a loss of HKD 117.5 million in the previous year[37] Cost Management - Total other income for 2023 was HKD 483,092,000, slightly down from HKD 483,692,000 in 2022, with a notable decrease in rental income from investment properties[21] - Government subsidies recognized in 2023 amounted to HKD 751,000, a significant drop from HKD 26,400,000 in 2022, reflecting reduced support from pandemic relief programs[22] - Advertising, promotion, and selling expenses decreased to HKD 295,979,000 in 2023 from HKD 329,068,000 in 2022, indicating cost-cutting measures[23] Operational Developments - The company opened new stores, including a Daiso Japan outlet and two KOMEDA'S Coffee locations, to enhance its market presence and customer experience[35] - The group plans to open 3 new stores in the Greater Bay Area and upgrade 2 existing stores in the coming year[42][40] - The group aims to increase the proportion of its private brands like TOPVALU and expand its online supermarket business, Net Super[39] - The group will continue to implement digital transformation initiatives, including the expansion of electronic shelf labels and self-checkout systems[39] Employee and Resource Management - The group employed approximately 5,400 full-time and 3,800 part-time staff as of December 31, 2023, focusing on employee development and communication[51] - The group has no bank borrowings, thus no capital and debt ratios were disclosed, indicating sufficient internal resources for future expansion[46] Future Outlook - AEON Co., Ltd. has committed to provide support to the company, ensuring the ability to meet financial obligations for the next twelve months[7] - The company has not identified any significant uncertainties that could impact its ability to continue as a going concern[7] - The total capital expenditure for 2024 is projected to be approximately HKD 160.0 million for new store openings and renovations[43]
永旺(00984) - 2023 - 年度业绩