Financial Performance - Revenue for 2022 was HKD 679,946 thousand, an increase of 5.3% from HKD 642,573 thousand in 2021[2] - Gross profit decreased to HKD 98,740 thousand in 2022 from HKD 205,412 thousand in 2021, representing a decline of 52.0%[2] - Operating loss for 2022 was HKD 139,503 thousand, compared to an operating profit of HKD 60,711 thousand in 2021[3] - Total comprehensive loss for the year was HKD 244,727 thousand, a significant decrease from a comprehensive income of HKD 56,668 thousand in 2021[3] - The company reported a net loss attributable to owners of HKD 165,324 thousand in 2022, compared to a profit of HKD 5,300 thousand in 2021[5] - Basic and diluted loss per share for 2022 was HKD 3.84, compared to earnings of HKD 0.13 per share in 2021[6] - The reported segment loss for the maternity services division in 2022 was HKD (63,569,000), compared to a profit of HKD 56,528,000 in 2021, indicating a significant decline[50] - The company reported a comprehensive loss of HKD (178,140,000) for the year 2022, compared to a profit of HKD 34,785,000 in 2021[50] - The company reported a net loss of approximately HKD 178,140,000 for the year, a decrease of about HKD 212,925,000 compared to a profit of HKD 34,785,000 in the previous year[110] Assets and Liabilities - Total assets decreased to HKD 1,767,854 thousand in 2022 from HKD 2,424,079 thousand in 2021, a decline of 27.0%[11] - Non-current assets decreased to HKD 1,738,899 thousand in 2022 from HKD 1,807,091 thousand in 2021[11] - Current liabilities decreased to HKD 463,670 thousand in 2022 from HKD 598,870 thousand in 2021[13] - Total assets decreased from HKD 3,022,949,000 in 2021 to HKD 2,231,524,000 in 2022, a reduction of approximately 26.2%[51] - The total liabilities also decreased from HKD 1,773,206,000 in 2021 to HKD 1,306,114,000 in 2022, reflecting a decline of about 26.4%[51] - Total net assets decreased to approximately HKD 925,410,000, a reduction of HKD 324,333,000 compared to HKD 1,249,743,000 in the previous year[127] - As of December 31, 2022, the group had total liabilities of approximately HKD 348,165,000 in secured and guaranteed bank loans, down from HKD 758,881,000 in 2021, representing a decrease of about 54%[129] Revenue Sources - The revenue from maternity services was HKD 676,342,000, compared to HKD 631,976,000 in the previous year, indicating an increase of about 7.0%[38] - Revenue from external customers in 2022 was HKD 676,342,000, an increase from HKD 631,976,000 in 2021, representing a growth of approximately 7.5%[50] - Other income sources amounted to HKD 3,604,000, down from HKD 6,857,000 in 2021, reflecting a decrease of approximately 47.5%[38] Expenses - Administrative expenses rose to approximately HKD 121,023,000, an increase of 90.8% or HKD 57,602,000 compared to HKD 63,421,000 in the previous year[117] - Sales and distribution expenses increased to approximately HKD 148,453,000, up 38.1% or HKD 40,974,000 from HKD 107,479,000 in the previous year[118] - Employee costs increased to HKD 290,083,000 in 2022 from HKD 224,195,000 in 2021, marking an increase of approximately 29.4%[57] - Depreciation of property, machinery, and equipment increased to HKD 53,582 thousand in 2022 from HKD 45,375 thousand in 2021[70] Government Support and Financial Management - The company received government subsidies of HKD 7,844 thousand in 2022, up from HKD 4,577 thousand in 2021, primarily to support operations[9] - The company continues to adopt a going concern basis in preparing its consolidated financial statements, anticipating sufficient resources for the foreseeable future[24] - The group maintained sufficient working capital and cash for daily operations, with a focus on prudent financial management strategies[130] - The group has adopted a cautious treasury policy, with most cash and cash equivalents held in major financial institutions in China[147] Strategic Developments - The company successfully completed two experimental locations in Longgang and Zhuhai, with plans for full rollout in 2023[84] - In Zhuhai, the monthly order volume reached 55, making it the largest in the region, with plans for a third store[85] - The company aims to expand to 10 cities by the end of 2023, with plans to add six new cities to its existing four cities: Shenzhen, Beijing, Chengdu, and Zhuhai[99] - The company plans to open 50 maternity centers in major cities over the next five years, emphasizing a strategy of city-based expansion[100] - The company has established two new teams, the Innovative Aidi Gong team and the Yuegege team, to enhance its market presence and service offerings[98] - The company is transitioning to a more diversified service system to meet varying user demands across different regions in China[99] Shareholder Information - The company did not recommend a final dividend for the year, consistent with the previous year[79] - The weighted average number of ordinary shares used for calculating basic loss per share was 4,308,892 thousand shares in 2022, up from 4,065,605 thousand shares in 2021[73] - As of December 31, 2022, the company's net asset value per share was HKD 0.21, down from HKD 0.29 in the previous year[119] Financial Instruments and Reporting Standards - The company expects that the application of new Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[17] - The company has not early adopted any new Hong Kong Financial Reporting Standards that have been issued but are not yet effective[33] - The valuation methods for financial instruments will be calibrated to ensure that the results of the valuation methods at initial recognition are equal to the transaction price[18] Other Financial Metrics - The financial cost for the year was HKD 64,571 thousand, slightly down from HKD 65,670 thousand in the previous year[70] - The interest expense on bank and other borrowings decreased to HKD 53,775,000 from HKD 57,781,000, a reduction of about 7.0%[21] - The interest expense on lease liabilities increased to HKD 20,366,000 from HKD 18,855,000, an increase of approximately 8.0%[21] - The deferred tax expense for 2022 was HKD (32,754,000), compared to HKD (5,520,000) in 2021, indicating a significant increase in deferred tax liabilities[45] - The group recorded a gain of approximately HKD 4,793,000 from the sale of its subsidiary Dongguan Dongdi, with the total consideration for the sale being HKD 90,000,000[143] - The group issued a total of 374,531,836 shares upon full conversion of the issued convertible preferred shares, with a total consideration of HKD 224,719,101.6[135]
爱帝宫(00286) - 2022 - 年度业绩