Financial Performance - The Group's profit decreased by 30% from the previous year to HK$452 million due to the pandemic, currency fluctuations, and gold price volatility[6] - Turnover for continuing operations was HK$19,751,940, a 1% decrease from HK$20,556,516 in 2021[5] - Earnings per share for the year dropped to 66.8 cents, down 30% from 95.0 cents in 2021[5] - The total dividend per share for the year was 30.0 cents, a decrease from 42.0 cents in the previous year[5] - The equity attributable to owners of the Company was HK$11,890,543, down 7% from HK$12,753,120 in 2021[5] - The dividend payout ratio increased slightly to 45% from 44% in the previous year[5] - The Group's profit for the year ended December 31, 2022, was HK$441.7 million, a decrease from HK$639.8 million in 2021[82] - The operating profit for the year ended December 31, 2022, was HK$592.8 million, down from HK$1,005.7 million in 2021[82] - The Group's retail turnover for 2022 was HK$20,556.5 million, compared to HK$21,987.6 million in 2021[82] Business Recovery and Challenges - Business performance showed signs of recovery during the Lunar New Year holidays in January 2023, with encouraging results from Mainland China, Macau, and Hong Kong[6] - The Group faces challenges such as labor shortages, rising interest rates, and changing consumer preferences post-pandemic[7] - Encouraging business growth was observed during the Lunar New Year holiday in January 2023 across mainland China, Macau, and Hong Kong[8] - The company faces challenges post-pandemic, including labor shortages, rising interest rates, and changing consumer preferences[8] Digitalization and Automation - The Group plans to enhance digitization and automation to improve employee satisfaction and management efficiency[7] - The company plans to advance digitalization and automation to enhance employee satisfaction and improve management efficiency[8] - The company emphasizes the development of live-streaming marketing and sales platforms as part of its omni-channel retailing strategy[72] Sales and Market Performance - In 2022, the Mainland's jewellery and watch sales declined by 4% year-on-year, with gold jewellery sales increasing by 3% in Renminbi terms, while gem-set jewellery sales decreased by 16% and watch sales increased by 10%[24] - In Hong Kong and Macau, gold jewellery sales grew by 15%, gem-set jewellery increased by 7%, but watch sales decreased by 13%, resulting in a combined jewellery and watch sales increase of 8% year-on-year[25] - Overall, jewellery and watch sales across all territories decreased by 1% year-on-year[25] - The pandemic significantly impacted business operations, leading to store closures and a lack of uninfected staff, particularly in the fourth quarter[24] - The company experienced a rebound in sales from April 2022 onwards, attributed to consumption vouchers in Hong Kong[25] - The third quarter saw a recovery in jewellery and watch sales after a difficult first half of the year[23] - Sales in Taiwan grew by 22% and segment results increased by 96% in 2022, supported by an orderly store expansion strategy and improved same-store sales growth[43][44] Store Expansion and Online Sales - The total number of Chow Sang Sang stores increased from 635 at the end of 2021 to 697 at the end of 2022, with 94 new stores opened in Mainland China[45] - Online sales in Mainland China reached HK$2,666 million, a 22% increase, accounting for approximately 19% of total sales, up from 15% in 2021[53] - MINTYGREEN brand stores increased by 16 to a total of 50 stores in 2022, focusing on affordable daily wear for the younger generation[47] - PROMESSA stores expanded to a total of 30 by the end of 2022, with a net increase of 6 new stores in Mainland China and 1 in Hong Kong[47] - The number of EMPHASIS stores reached 19 in Mainland China and 4 in Hong Kong by the end of 2022, aiming to redefine daily-wear jewelry[50][55] - Online sales for the Personalized Jewellery Service increased by 101% in Mainland China and 32% in Hong Kong year-on-year[59] Governance and Management - Mr. Stephen Ting has over 40 years of experience in public accounting and is a partner at Ting Ho Kwan & Chan, Certified Public Accountants[14] - Mr. Winston Chow has been with the Group since 1984 and is responsible for product development and staff training in the jewellery business in Greater China[14] - The company has a diverse board with members experienced in finance, law, and education, enhancing its governance and strategic direction[15] - The Group's leadership structure supports its strategic initiatives and market positioning in the competitive landscape[15] - The company is actively involved in various committees, including Audit, Remuneration, and Nomination, ensuring robust oversight and governance[15] Environmental, Social, and Governance (ESG) - The Group complies with the HKEx ESG Guide, focusing on social and environmental responsibility[120] - The Group has established an ESG Working Group to enhance awareness of environmental protection and corporate governance among employees[123] - The Board oversees the effectiveness of ESG risk management and internal control systems, including climate-related risks[126] - The Group has implemented policies and procedures to manage ESG-related risks effectively[124] - Stakeholder engagement includes communication with employees, customers, shareholders, and community organizations to evaluate ESG topics' materiality[129] - The Group emphasizes issues considered more material to its business in its ESG disclosures[131] - The Group's commitment to waste reduction includes using recyclable, reusable, and biodegradable packaging materials, earning the Wastewi$e Certificate (Excellence Level) from Hong Kong Green Organisation Certification[200] Employee Management and Welfare - Total staff costs for the year ended December 31, 2022, amounted to HK$1,935 million, with a total employee count of 11,673[71] - The Group actively adopts best practices in human resource management, emphasizing training, development, and employee welfare[147] - The Group has implemented flexible working hours and work-from-home arrangements in response to the ongoing COVID-19 outbreak, along with various safety measures[163] - The Group has established a Management Trainee Programme in Mainland China since 2020 to nurture high-potential talents aligned with its omni-channel retailing strategy[164] - The Group maintains an open and standardized framework for employment, salary review, and promotion, offering performance-based bonuses and benefits that meet or exceed local practices[158] Sustainability Goals - The Group aims to reduce electricity consumption and greenhouse gas emissions intensity by 7% at jewellery manufacturing factories by 2030[173] - The Group targets a 7% reduction in water consumption and intensity at jewellery manufacturing factories by 2030[174] - The Group has committed to sustainable development by opening a sustainable account with a renowned bank in Hong Kong in 2022[175] - The Group has implemented energy-efficient measures, including installing LED lights and controlling billboard lighting, to minimize environmental impact[177] - The Group has made an internal environmental protection pledge, banning shark fins and other endangered species from corporate functions[170]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 * 僅供識別 CHOW SANG SANG HOLDINGS INTERNATIONAL LIMITED 周生生集團國際有限公司* （於百慕達註冊成立之有限公司） 股份代號：116 截至 2022 年 12 月 31 日止年度之 全年業績公告 本公司董事會宣布本集團截至2022年12月31日止年度之綜合業績。 | --- | --- | --- | --- | |------------------------------------|----------------------------------------|-------------------------------|-------| | 財務摘要 | \n2022 年 | 2021 年 | | | 持續經營業務 | 千港元 | 千港元 | 變動 | | 營業額 | | | | | 零售 | 19,751,940 | 19,921,938 | ...

CORPORATE INFORMATION 公司資料 Board of Directors Executive Directors Mr. Vincent CHOW Wing Shing Chairman and Group General Manager Dr. Gerald CHOW King Sing Mr. Winston CHOW Wun Sing Group Deputy General Manager Ms. Genevieve CHOW Karwing Non-executive Directors Mr. Stephen TING Leung Huel Mr. CHUNG Pui Lam Independent Non-executive Directors Dr. CHAN Bing Fun Mr. LEE Ka Lun Dr. LO King Man Mr. Stephen LAU Man Lung Company Secretary Mr. Morison CHAN Chi Kong Registered Office Clarendon House, 2 Church Street ...