Financial Performance - Revenue for the year ended December 31, 2022, was HKD 39,090,928, an increase of 12.7% from HKD 34,644,900 in 2021[2] - Gross profit for the year was HKD 2,079,880, representing a gross margin of 5.3%, compared to HKD 1,469,019 in the previous year[2] - Net profit for the year attributable to equity holders was HKD 1,206,822, up 20.9% from HKD 997,967 in 2021[3] - Total comprehensive income for the year was HKD 1,425,607, compared to HKD 1,214,550 in 2021, reflecting an increase of 17.4%[5] - Basic and diluted earnings per share for the year were both HKD 8.96, compared to HKD 7.71 in the previous year, indicating a growth of 16.2%[5] - The group reported a pre-tax profit of HKD 1,739,084 for the year ended December 31, 2022, compared to HKD 1,294,700 in 2021, reflecting a growth of 34.3%[14] - The company reported a net profit attributable to shareholders of HKD 1,206,822,000 for 2022, compared to HKD 997,967,000 in 2021, reflecting a year-over-year increase of about 20.9%[26] - The net profit for the year ended December 31, 2022, was approximately HKD 1,569,174,000, up from HKD 1,202,620,000 in the previous year, representing an increase of about 30%[35] Revenue Breakdown - The revenue from commodity trading and processing sales was HKD 38,061,282, up from HKD 34,028,873, representing a growth of 11.9%[12] - The revenue from derivative trading was HKD 822,207, an increase from HKD 529,412, representing a growth of 55.3%[12] - The revenue from iron ore was HKD 17,950,441,000 in 2022, up from HKD 14,977,860,000 in 2021[39] - The revenue from other products and processing increased to HKD 7,750,749,000 in 2022 from HKD 4,779,644,000 in 2021[39] - Revenue from distribution, trading, and processing business increased from approximately HKD 34,022,269,000 to approximately HKD 38,050,665,000, primarily due to the expansion into chemical products[40] - Financial services revenue rose to approximately HKD 1,040,263,000 from HKD 622,631,000, driven by stable development and increased demand for commodity-related derivatives[40] Assets and Liabilities - Total assets as of December 31, 2022, were HKD 12,806,572, an increase from HKD 8,603,848 in 2021[6] - The total assets for the group as of December 31, 2022, amounted to HKD 13,616,683, compared to HKD 9,095,281 in 2021, indicating a substantial increase[17] - The total liabilities for the group as of December 31, 2022, were HKD 7,707,730, up from HKD 4,765,965 in 2021[17] - Current liabilities rose to HKD 7,671,025 from HKD 4,754,831 in the previous year, indicating a growth of 61.1%[6] - The group reported net current assets of approximately HKD 5,135,547,000 as of December 31, 2022, compared to HKD 3,849,017,000 in the previous year[57] - The group had an asset-to-liability ratio of 0.03 as of December 31, 2022, compared to 0.009 in the previous year[57] Cash Flow and Investments - Cash and bank balances increased significantly to HKD 4,030,651 from HKD 1,864,744 in 2021, representing a growth of 116.2%[6] - Capital expenditures for the year were approximately HKD 29,463,000, a decrease from HKD 131,411,000 in the previous year[58] - The group had unutilized bank credit facilities amounting to approximately $323,917,000, equivalent to about HKD 2,526,553,000 as of December 31, 2022[57] Employee and Operational Metrics - The number of employees increased from 315 as of December 31, 2021, to 360 as of December 31, 2022, reflecting the company's investment in human capital[36] - The company’s accounts payable increased significantly to HKD 1,731,795,000 in 2022 from HKD 732,554,000 in 2021[33] Compliance and Governance - The company has adopted the standard code of conduct for directors' securities trading as per the listing rules, confirming compliance by all directors for the year ending December 31, 2022[65] - The audit committee consists of one non-executive director and two independent non-executive directors, having reviewed the annual performance for the year ending December 31, 2022[66] - The external auditor, Zhonghui Anda CPA Limited, confirmed that the preliminary announcement figures are consistent with the audited financial statements for the year ending December 31, 2022[67] Future Outlook and Strategic Initiatives - The company plans to expand its financial services to include a wide range of offerings in Hong Kong and Singapore, including securities and derivatives services[42] - The company has acquired several chemical trading companies in Singapore to expand its business scope and is actively seeking further acquisition opportunities[47] - The group faced risks related to commodity price fluctuations, which could adversely affect operational performance[52] - The company did not have any potential dilutive ordinary shares for the years ended December 31, 2022, and 2021, thus no diluted earnings per share were presented[27] Dividends and Shareholder Information - The company did not recommend any dividends for the years ended December 31, 2022, and 2021[25] - The board did not recommend the payment of dividends for the year ended December 31, 2022[62] - The company's annual report for 2022 will be sent to shareholders and is available on the company's website and the Hong Kong Stock Exchange's information platform[68]
荣晖国际(00990) - 2022 - 年度业绩