六福集团(00590) - 2021 - 年度财报

Shop Expansion - Total number of shops increased to 2,366, up by 246 from the previous year[1] - The Group added a net total of 222 "Lukfook" shops worldwide, including 224 net additions in Mainland China[27] - The total number of "Lukfook" shops in Mainland increased to 2,212 as of March 31, 2021, up from 1,988 in 2020, with a net increase of 224 shops[97] - The Group plans to net add 350 shops in Mainland China, primarily in fourth- and fifth-tier cities, in the upcoming financial year[32] - The Group aims to open not less than 300 "Lukfook" shops in Mainland China in the coming year, focusing on fourth- and fifth-tier cities[146] Revenue Performance - Revenue from Mainland market reached HK$5,310 million, a year-on-year increase of 7.0$8,861 million compared to HK$11,234 million in FY2020[26] - The Group recorded a revenue drop of 21.1$8,861 million for the year under review, compared to HK$11,233 million in 2020[48] - The Group's overall revenue decreased by 43.4$3,551,000,000, with a segment profit margin of 2.1%[71] - Retail revenue from Hong Kong, Macau, and overseas markets decreased by 46.8% to HK$3,245,173,000, accounting for 36.6$1,248 million, with a profit margin of 23.5%, up by 5.1 percentage points[8] - Profit attributable to equity holders increased by 17.4% to HK$1,017 million, up from HK$866 million in the previous year[26] - Operating profit increased by 7.6% to HK$1,244 million, with an operating margin of 14.0$1,019,134,000, resulting in a net profit margin of 11.5%, compared to 7.7% in 2020[49] Dividend Information - The total dividend for FY2021 amounted to HK$1.50 per share, a 50.0$1.00 per share in FY2020[26] - The proposed dividend per share is HK$1.00, with a dividend payout ratio of 86.6$846,112,000, representing 49.5% of the retail revenue in Mainland[102] - A new product line, "Lukfook Joaillerie," targeting the high-end jewellery market, was launched with 3 shop-in-shops opened in Macau and Mainland[39] - The introduction of the DIY Ordering Service System in Mainland will be expanded to Hong Kong, Macau, and overseas, allowing customers to create personalized diamond products[147] Financial Position - Cash and bank balances increased by 30.7% to HK$3,546 million, compared to HK$2,714 million in FY2020[15] - Net cash rose by 104.5% to HK$2,457 million, up from HK$1,201 million in the previous year[15] - The debt-to-equity ratio improved to 28.1% in 2021 from 33.9% in 2020, with total liabilities decreasing to HK$3,188,000,000[111] - The Group's total inventory decreased to HK$7,322,000,000 from HK$7,533,000,000 in 2020, while average inventory turnover days increased to 451 days from 401 days[118] Marketing and Brand Strategy - The Group's strategy includes strengthening supply chain management and focusing on the middle-class market, wedding couples, and kids[39] - The Group aims to penetrate the middle-class market by sponsoring marathons in cities like Hong Kong, Beijing, and Guangzhou, reaching over 624,500 finishers to enhance brand recognition[162] - Collaborated with nearly 120 KOLs across major platforms, achieving record online exposure and increasing brand awareness among young consumers[185] - The "Love for More, Bling for More" product launch event in Shanghai garnered over 10 million views through live streaming on official platforms[185] Employee and Operational Efficiency - The number of employees decreased to 5,900 from 6,500 in 2020, reflecting a review of remuneration policies to ensure fair compensation[127] - The Group aims to improve factory productivity and inventory turnover through full automation and big data management in supply chain management[143] - Strategic partnerships with suppliers and streamlined logistics are expected to enhance operational efficiency and business development[143]