周生生(00116) - 2022 - 年度财报

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$11,890,543, down 7% from HK$12,753,120 in 2021[5] - The dividend payout ratio increased slightly to 45$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$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]