Financial Performance - Revenue for the year ended December 31, 2022, increased by 13.6% to RMB 3,937.0 million compared to RMB 3,464.3 million in 2021[3] - Net profit after tax for the year was RMB 182.4 million, down from RMB 285.1 million in 2021, impacted by rising raw material costs[3] - Gross profit for the year was RMB 587.9 million, a decrease from RMB 697.7 million in the previous year[5] - The company reported a total comprehensive income of RMB 199.9 million for the year, compared to RMB 216.1 million in 2021[6] - The total comprehensive income for the year ended December 31, 2022, was RMB 182,397,000, compared to RMB 285,072,000 for the previous year, reflecting a decrease of approximately 36.1%[9] - The operating profit for 2022 was RMB 227,483,000, down from RMB 362,318,000 in 2021, indicating a decline of about 37.1%[19] - The net profit for the fiscal year 2022 was RMB 182,397,000, down from RMB 285,072,000 in 2021, indicating a decrease of approximately 36.0%[19] - Basic and diluted earnings per share for the year were RMB 0.14, down from RMB 0.21 in 2021[6] - The total profit attributable to equity holders for 2022 was RMB 182,397,000, compared to RMB 285,072,000 in 2021, reflecting a decrease of approximately 36%[28] Revenue Segmentation - Domestic business in China showed stable performance with sales and revenue growth of approximately 6.9% and 4.9%, respectively[3] - International business experienced strong growth, with both sales and revenue increasing by 33.5%[3] - Revenue from packaging materials for dairy products was RMB 3,115,165,000 in 2022, up from RMB 2,861,575,000 in 2021, reflecting an increase of approximately 8.8%[20] - Revenue from the China segment rose by approximately RMB 117.2 million or 4.9% to about RMB 2,520.0 million, while the international segment saw an increase of approximately RMB 355.5 million or 33.5% to about RMB 1,417.0 million, both driven by sales growth[67] Costs and Expenses - Total costs for the year 2022 amounted to RMB 3,773,250,000, compared to RMB 3,171,886,000 in 2021, representing an increase of about 18.9%[23] - Sales cost increased by approximately RMB 582.3 million or 21.0% to about RMB 3,349.0 million, mainly due to increased sales volume and rising prices of key raw materials[68] - The company incurred research and development expenses of RMB 20,334,000 in 2022, an increase from RMB 18,063,000 in 2021, reflecting a growth of about 12.6%[23] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 4,279.7 million, up from RMB 3,658.5 million in 2021[8] - Total liabilities increased to RMB 1,659.7 million from RMB 1,238.4 million in the previous year[8] - The company reported a total equity of RMB 2,619,924,000 as of December 31, 2022, up from RMB 2,420,034,000 at the beginning of the year, representing an increase of approximately 8.2%[9] - The company’s retained earnings as of December 31, 2022, were RMB 1,839,556,000, an increase from RMB 1,670,035,000 at the beginning of the year, indicating a growth of approximately 10.1%[9] Cash Flow and Liquidity - Cash flow from operating activities for the year ended December 31, 2022, was RMB 345,186,000, an increase of 158.5% from RMB 133,827,000 in the previous year[10] - Cash and cash equivalents rose to RMB 607.4 million, compared to RMB 425.2 million in 2021[7] - The cash and cash equivalents at the end of the year increased to RMB 607,439,000 from RMB 425,242,000, marking a growth of approximately 42.8%[10] Market and Strategic Developments - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] - The company aims to enhance customer relationships through digital services and the development of environmentally friendly products[54] - The company launched its first sustainable packaging product, "Greatview® Planet," which incorporates plant-based polyethylene[56] - The company expanded its production of "Greatview Diamond" packaging to its German factory, enhancing product offerings in Europe[55] - The company acquired a factory in Italy to upgrade its supply chain in response to global market demands[54] Corporate Governance and Compliance - The company has adopted several new accounting standards and amendments effective from January 1, 2022, which are not expected to have a significant impact on the financial statements[14] - The company’s financial statements are prepared in accordance with International Financial Reporting Standards and the Hong Kong Companies Ordinance, ensuring compliance with applicable regulations[12] - The board has decided against the proposed sale, considering feedback from major clients and partners, believing it could significantly harm business and financial performance[91] - The company has adopted the corporate governance code as per the listing rules and confirmed compliance by all directors as of December 31, 2022[94] Employee and Operational Metrics - As of December 31, 2022, the company employed approximately 1,780 employees, an increase from 1,754 employees in 2021[85] - Total employee benefits expenditure for the year ended December 31, 2022, was approximately RMB 341.5 million, compared to RMB 323.3 million in 2021, reflecting a year-on-year increase of about 5.5%[85] Challenges and Risks - The company faced high raw material purchasing prices and ongoing supply chain pressures due to multiple factors, including geopolitical tensions and global inflation[61] - Concerns have been raised regarding the potential impact on business relationships with major clients due to the proposed sale, particularly with the company's largest customer[90]
纷美包装(00468) - 2022 - 年度业绩