Financial Performance - For the year ended December 31, 2022, the company reported revenue of HKD 10,775.3 million, a decrease of 30.3% from HKD 15,459.1 million in 2021[7] - Gross profit for the same period was HKD 1,563.0 million, down 63.5% from HKD 4,287.2 million, resulting in a gross margin of 14.5%, a decline of 47.7% year-over-year[7] - The profit attributable to owners of the company was HKD 702.5 million, representing a 70.4% decrease from HKD 2,374.3 million in the previous year[7] - The net profit margin for 2022 was 6.5%, down 57.8% from 15.4% in 2021[7] - The company reported a net profit of HKD 702,484,000 for 2022, a decline of approximately 70.5% from HKD 2,374,320,000 in 2021[76] - The company recorded a profit attributable to owners of HKD 702.5 million in 2022, a decrease of 70.5% from HKD 2,374.3 million in 2021, primarily due to a reduction in gross profit[161] Revenue Breakdown - Revenue from the Asia-Pacific region decreased to HKD 3,733.9 million in 2022 from HKD 5,099.7 million in 2021, a decline of 26.8%[44] - Revenue from China dropped to HKD 2,000 million in 2022 from HKD 3,790.9 million in 2021, a decrease of 47.3%[44] - Revenue from the EMEAI region was HKD 2,963.2 million, a decrease of HKD 951.2 million or 24.3% compared to HKD 3,914.4 million in 2021[122] - Revenue from the NALA region decreased by HKD 575.7 million, a decline of 21.7% from HKD 2,654.1 million in 2021 to HKD 2,078.4 million in 2022[96] - Revenue from graphics cards decreased by HKD 4,575.2 million, a decline of 33.7%, from HKD 13,570.0 million in 2021 to HKD 8,994.8 million in 2022[151] - Revenue from the ODM/OEM business decreased by HKD 1,361.7 million or 26.8%, from HKD 5,089.7 million in 2021 to HKD 3,728.0 million in 2022[139] Assets and Liabilities - Total assets decreased to HKD 6,155.4 million from HKD 6,924.5 million in 2021, reflecting a decline in overall financial position[13] - Current assets fell to HKD 5,421.8 million from HKD 6,654.9 million, primarily due to a decrease in cash and bank balances[13] - The company’s cash and bank balance decreased significantly to HKD 2,207.3 million from HKD 3,765.1 million[13] - Non-current liabilities increased, with borrowings rising to HKD 1,738.7 million from HKD 702.3 million in the previous year[13] - Shareholders' equity decreased by HKD 238.6 million, or 7.7%, from HKD 3,087.4 million as of December 31, 2021, to HKD 2,848.8 million as of December 31, 2022[183] Expenses and Costs - The cost of sales for 2022 was HKD 9,212,346,000, down from HKD 11,171,893,000 in 2021, indicating a decrease of about 17.5%[71] - Administrative expenses decreased by HKD 293.4 million or 35.9%, from HKD 816.7 million in 2021 to HKD 523.3 million in 2022, primarily due to a decline in employee performance bonuses and director profit-sharing levels[132] - Operating expenses decreased by HKD 666.5 million, a decline of 49.6%, from HKD 1,344.4 million in 2021 to HKD 677.9 million in 2022[158] - Material costs as a percentage of sales increased from 70.4% in 2021 to 83.2% in 2022, an increase of 12.8%[155] Market and Operational Insights - The ongoing geopolitical tensions between the US and China may impact market confidence and consumer demand[99] - The company emphasizes the importance of talent acquisition for technology development and product innovation[98] - The company plans to continuously review human resources to attract suitable talent and maintain competitiveness in the technology sector[98] - The company plans to allocate resources to seize new business opportunities related to AI and the metaverse[148] - The company is closely monitoring market conditions and will take appropriate actions to mitigate business risks[149] Dividends and Shareholder Returns - The total dividends paid in 2022 amounted to HKD 934,318,000, which is more than double the HKD 410,267,000 paid in 2021[76] - The group plans to pay a special dividend of HKD 0.25 per share for the year ended December 31, 2022, subject to shareholder approval[87] - The group aims to maintain a higher cash flow level for future investments, foregoing any final dividend for the year[87] Compliance and Governance - The group has complied with the corporate governance code, except for specific deviations noted in the report[194] - The external auditor has confirmed that the preliminary performance figures are consistent with the audited consolidated financial statements for the year ended December 31, 2022[198]
栢能集团(01263) - 2022 - 年度业绩