Financial Performance - For the fiscal year 2023, Goldlion Holdings Limited reported a revenue of HKD 1,331,456,000, a decrease of 6.0% compared to HKD 1,415,709,000 in 2022[9] - The gross profit for the year was HKD 758,515,000, down 1.5% from HKD 769,790,000 in the previous year, resulting in a gross margin of 57.0%, an increase of 2.6 percentage points[9] - Operating profit decreased by 33.4% to HKD 101,774,000 from HKD 152,708,000, leading to an operating margin of 7.6%, down 3.2 percentage points[9] - Net profit for the year was HKD 116,164,000, a decline of 24.8% from HKD 154,462,000, with a net profit margin of 8.7%, down 2.2 percentage points[9] - Basic and diluted earnings per share fell by 24.5% to HKD 11.87 from HKD 15.73[9] Cash and Liquidity - The company maintained a cash and bank balance of approximately HKD 1,088,801,000, a decrease of 7.5% from HKD 1,176,876,000 at the end of the previous year[10] - The current ratio improved to 5.1 from 4.1, indicating a strong liquidity position[10] - The company has no bank loans or overdrafts, maintaining a zero debt ratio, which reflects a strong financial position[10] Share Repurchase and Capital Structure - The company repurchased 4,592,000 shares at an average price of HKD 1.054 per share, which were subsequently cancelled, reducing the total issued shares to 973,844,035[12] Asset and Liability Management - Total assets decreased by 3.8% to HKD 5,281,756,000 from HKD 5,490,787,000, while total liabilities fell by 15.9% to HKD 876,992,000[9] Revenue Breakdown - The total revenue for the year was HKD 1,331,456,000, a decrease of 6% compared to last year's HKD 1,415,709,000, with property sales and licensing revenue down by 33% and 17% respectively[23] - Domestic clothing sales amounted to HKD 916,390,000, a decrease of about 2%, but increased by approximately 3% when calculated in RMB due to a 4% depreciation of the RMB[35] - The wholesale sales to agents decreased by about 14%, accounting for approximately 34% of domestic clothing sales, while self-operated retail sales increased by about 39%, representing about 18% of domestic clothing sales[36] Dividend and Shareholder Returns - The board proposed a final dividend of HKD 0.04 per share, totaling approximately HKD 38,954,000, down from HKD 48,922,000 last year[34] Property and Investment Performance - The group recorded a fair value loss on investment properties of HKD 47,066,000, down 18% from last year's HKD 57,110,000[28] - The total value of the investment property portfolio at year-end was approximately HKD 2,686,658,000, down from HKD 2,775,582,000 at the end of last year[43] - Rental and property management fee income for the year was HKD 151,489,000 and HKD 42,150,000, respectively, a decrease of about 1% compared to last year[43] ESG and Corporate Governance - The company emphasizes its commitment to environmental, social, and governance (ESG) performance across its operations in China, Hong Kong, and Singapore[72] - The company has established a comprehensive governance framework to drive strategic development and sustainable business growth, emphasizing the importance of environmental, social, and governance (ESG) performance for long-term success[79] - A four-year development roadmap has been created to enhance climate adaptation capabilities, identifying areas for improvement based on gap analysis results[80] - The company has implemented internal policies to foster an ethical work culture and promote effective management, adhering to laws against bribery, extortion, fraud, and money laundering[82] Employee Engagement and Training - The company contributed HKD 42,815,000 to employee retirement funds during the reporting period[113] - The employee turnover rate for 2023 was 21%, up from 19% in 2022[121] - The percentage of trained employees increased to 79% in 2023 from 70% in 2022[130] - The average training hours per employee rose significantly to 55.5 hours in 2023 from 19.2 hours in 2022[130] Environmental Impact and Sustainability - The company aims to reduce greenhouse gas emissions by 28% per million HKD of revenue by 2030, compared to the 2020 baseline[150] - The company targets a 16.7% reduction in energy consumption per million HKD of revenue by 2030, compared to the 2020 baseline[149] - The company has achieved ISO 14001 environmental management system certification at its production base in Meizhou[148] - The company encourages employees to minimize business travel and promotes alternatives such as video conferencing to reduce air pollution[159] Community Engagement and Contributions - The company donated RMB 1,010,000 and HKD 108,000 to support various community projects during the reporting period[169] - The company contributed RMB 1,000,000 to the China Football Development Foundation for the 2023 "Xianzi Cup" National Youth Football Invitation Tournament[170] - The company donated over 20,000 clothing items, including down jackets and jeans, to support impoverished citizens in Tibet[172]
金利来集团(00533) - 2023 - 年度财报