Financial Performance - Revenue for the fiscal year 2022 reached approximately 115.5million,anincreaseof6.3108.7 million in fiscal year 2021[2] - Gross profit for fiscal year 2022 was 26.0million,representinga14.022.8 million in fiscal year 2021[2] - The net profit attributable to shareholders was 7.5million,asignificantincreaseof70.84.4 million in the previous year[2] - The gross profit margin improved to 22.5% in fiscal year 2022, up from 21.0% in fiscal year 2021, reflecting better pricing strategies[2] - The net profit margin increased to 6.5% in fiscal year 2022, compared to 4.0% in fiscal year 2021, indicating improved profitability[2] - Excluding listing expenses, the profit attributable to shareholders for fiscal year 2022 was approximately 8.7million,representinganincreaseofabout36.9115,521 thousand, an increase of 6.8% compared to 108,694thousandin2021[21]−Grossprofitforthefiscalyear2022was26,028 thousand, up from 22,830thousandin2021,reflectingagrowthof14.47,496 thousand, compared to 4,388thousandin2021,representingasignificantincreaseof70.59.05, up from 5.00in2021,reflectingasignificantincreaseinprofitability[49]SalesandRevenueBreakdown−Theaveragesellingpriceofgraphiteelectrodesincreasedby21.63,928 per ton in fiscal year 2021 to approximately 4,777pertoninfiscalyear2022[3]−Totalsalesvolumedecreasedfromapproximately27,669tonsinfiscalyear2021toapproximately24,184tonsinfiscalyear2022,primarilyduetoreducedsalestotheAmericas[3]−RevenuefromtheAmericasin2022was33.484 million, a decrease of 2.5% from 34.358millionin2021[35]−RevenuefromEMEA(Europe,MiddleEast,andAfrica)increasedsignificantlyto51.664 million in 2022, up 23.8% from 41.734millionin2021[35]−RevenuefromChinawas27.871 million in 2022, slightly down from 28.602millionin2021,reflectingadecreaseof2.52.502 million in 2022, down 37.5% from 4.000millionin2021[35]−Totalrevenuefromexternalcustomersin2022reached115.521 million, an increase of 6.8% compared to 108.694millionin2021[35]−Salesofgraphiteelectrodesamountedto115,521,000 in 2022, an increase from 108,694,000in2021,reflectingagrowthofapproximately7.52.6 million in fiscal year 2022, an increase of about 0.6millioncomparedtoapproximately2.0 million in fiscal year 2021[11] - The average selling cost of graphite electrodes increased from 3,103pertoninfiscalyear2021to3,701 per ton in fiscal year 2022[9] - The cost of goods sold for the year was 89,493,000,upfrom85,864,000 in the previous year, representing an increase of approximately 1.9%[42] - Financial costs for 2022 totaled 2,626million,anincreaseof32.21,988 million in 2021[44] - Employee costs for the fiscal year 2022 amounted to approximately USD 9.6 million, a decrease from USD 10.3 million in 2021[57] Assets and Liabilities - As of December 31, 2022, the group had cash and cash equivalents of approximately 11.7million,primarilydenominatedinUSD,EUR,RMB,andHKD[14]−Thetotalvalueofnon−currentassetsdecreasedfrom116,034 thousand in 2021 to 107,037thousandin2022[23]−Thecompany′stotalequityasofDecember31,2022,was132,917 thousand, down from 134,989thousandin2021[24]−Thegroupmaintainedabalancebetweenequityanddebt,withtotalequityandliabilitiesasofDecember31,2022,beingapproximately132.9 million and 72.9million,respectively[15]−Thegroup′sdebt−to−assetratiodecreasedfromapproximately2514 million in dividends paid in the previous year[47] - No significant events affecting the group occurred after the fiscal year 2022, aside from the successful listing on the Hong Kong Stock Exchange on January 17, 2023[54] - The net proceeds from the global offering amount to approximately HKD 186.7 million after deducting underwriting fees and related expenses[55] - 34.8% of the net proceeds (HKD 65.0 million) is allocated for the acquisition of Taigu assets, with the remaining HKD 65.0 million yet to be utilized[56] - 55.2% of the net proceeds (HKD 103.0 million) is designated for upgrading production systems in the Group's facilities, with HKD 26.9 million already used and HKD 76.1 million remaining[56]
