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陈唱国际(00693) - 2022 - 年度业绩

Financial Performance - The company's total revenue for the fiscal year ended December 31, 2022, was HKD 13,478,667, an increase of 13.5% from HKD 11,864,957 in 2021[2] - Gross profit for the same period was HKD 2,310,143, representing a gross margin of approximately 17.1%, compared to HKD 2,045,319 in 2021[2] - The net profit attributable to shareholders for the year was HKD 510,664, up 12.5% from HKD 453,876 in the previous year[2] - Basic and diluted earnings per share increased to HKD 20.77 from HKD 18.78, reflecting a growth of 10.6%[2] - The company reported a total EBITDA of HKD 1,460,840 thousand for the year, representing a 14.3% increase from HKD 1,278,312 thousand in 2021[18] - The net profit before tax for the year was HKD 775,815 thousand, up from HKD 658,089 thousand in 2021[19] - The company declared a total tax expense of HKD 265,151 thousand for the year, compared to HKD 204,213 thousand in 2021[20] - The company achieved a revenue growth of 14% in 2022, reaching HKD 13.5 billion compared to HKD 11.9 billion in 2021[26] - Net profit after tax increased by 13% to HKD 5.107 billion in 2022, up from HKD 4.539 billion in 2021[26] - Basic earnings per share for 2022 were HKD 0.207, compared to HKD 0.188 in 2021, with no diluted securities affecting the calculation[22] Assets and Liabilities - The company's total assets as of December 31, 2022, amounted to HKD 14,587,550, compared to HKD 13,876,849 in 2021, indicating a growth of 5.1%[4] - Non-current assets decreased to HKD 13,081,219 from HKD 11,840,507, a decline of 10.5%[4] - The company's cash and bank balances increased to HKD 2,587,009 from HKD 2,475,773, a rise of 4.5%[4] - Total liabilities increased to HKD 2,700,970 from HKD 1,793,003, reflecting a significant rise of 50.6%[5] - The net debt ratio as of December 31, 2022, was 32%, with net debt recorded at HKD 37.832 billion[26] - Trade receivables as of December 31, 2022, totaled HKD 1.366 billion, an increase from HKD 981.578 million in 2021[23] - Trade payables as of December 31, 2022, amounted to HKD 1.068 billion, compared to HKD 889.175 million in 2021[24] Revenue Breakdown - Revenue from goods sales reached HKD 5,048,992 thousand, up 9.1% from HKD 4,625,843 thousand in 2021[10] - Revenue from services provided increased to HKD 7,894,714 thousand, a rise of 11.7% compared to HKD 7,065,077 thousand in 2021[10] - Interest income from loans and advances surged to HKD 203,662 thousand, significantly up from HKD 30,084 thousand in 2021[10] - The geographical breakdown of revenue showed Japan contributing HKD 7,429,832 thousand, an increase of 11.7% from HKD 6,648,430 thousand in 2021[11] Strategic Plans and Developments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[6] - The company plans to expand its distribution network in Southeast Asia, focusing on increasing market share in Thailand and Taiwan[13] - New product development initiatives are underway, particularly in the automotive sector, to enhance service offerings and customer engagement[14] - The ETHOZ Group, acquired in July 2022, has become a wholly-owned subsidiary, enhancing the company's diversified business in vehicle leasing and financing services across Singapore, Malaysia, and China[30] - The group anticipates a 60% increase in production output from its joint venture factory in Thailand in 2023 compared to the previous year[34] - The group remains optimistic about improving sales revenue in the next fiscal year, driven by the stabilization of semiconductor shortages and automotive parts supply in Southeast Asia[35] Market Performance - In Singapore, the total industry volume (TIV) decreased by 27% in 2022, with passenger car TIV down 32% and commercial vehicle TIV down 10% due to a significant reduction in Certificate of Entitlement (COE) supply[30] - Nissan's sales in Singapore fell by 58% in 2022, yet it maintained its position as one of the top ten best-selling passenger car brands[30] - In Hong Kong, despite strict COVID-19 measures, Subaru achieved a 14% sales increase with a 4.1% growth in passenger car TIV[32] - In China, the group's sales grew by 74% compared to 2021, despite a 9.5% increase in TIVPC[32] - In Malaysia, the group recorded a 101% sales increase with a 42.2% growth in TIVPC due to extended sales tax exemptions and post-COVID-19 economic recovery[34] Corporate Governance - The company has adopted high standards of corporate governance in line with the Hong Kong Stock Exchange's guidelines[42] - The chairman and CEO, Mr. Chen Yongshun, continues to play a crucial role in the company's operations[42] - The company has implemented self-management and oversight measures to enhance regulatory effectiveness[42] - The audit committee reviewed the financial reports for the year ended December 31, 2022[41] Shareholder Information - The annual general meeting is scheduled for May 25, 2023, at 11:00 AM[39] - The company will suspend share registration from May 22 to May 25, 2023, to ensure shareholder eligibility for the annual general meeting[38] - The proposed final dividend is subject to approval at the upcoming annual general meeting[38] - The company will suspend share registration from June 2 to June 5, 2023, for the proposed final dividend[38] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the year[39] Other Financial Information - The company reported a total comprehensive income of HKD 7,480, compared to a loss of HKD 20,692 in the previous year[3] - The company recorded an unrealized loss of HKD 222 million on investments classified at fair value through other comprehensive income[28] - The financial figures for the year ended December 31, 2022, were consistent with the amounts in the draft consolidated accounts[40]