Financial Performance - The group's revenue for the fiscal year 2022 was HKD 192.6 million, a decrease from HKD 290.0 million in 2021, representing a decline of approximately 33.6%[78]. - The net profit for the fiscal year 2022 increased by approximately 20.2% to about HKD 75.6 million from approximately HKD 62.9 million in 2021[20]. - The adjusted profit attributable to the company's owners for the fiscal year 2022 was approximately HKD 87.4 million, an increase of about 13.7% from HKD 77.3 million in 2021[19]. - The operating profit decreased by approximately 5.3% to HKD 79.9 million in fiscal year 2022, down from HKD 84.4 million in fiscal year 2021[12]. - The gross profit margin for the group was 36.1% for the fiscal year 2022, down from 54.0% in 2021, indicating a decline in profitability[75]. - The return on equity for the year was 21.5%, a decrease from 41.9% in the previous year, reflecting a reduction in shareholder returns[75]. - The adjusted net profit margin based on non-Hong Kong Financial Reporting Standards was 45.4%, compared to 26.6% in the previous year, showing a significant improvement[78]. Expenses and Costs - Employee benefits expenses for fiscal year 2022 were approximately HKD 65.9 million, accounting for 36.5% of total operating expenses, compared to HKD 61.6 million and 30.8% in fiscal year 2021[5]. - The cost of goods sold was approximately HKD 44.0 million in fiscal year 2022, representing 24.3% of total operating expenses, down from HKD 56.8 million and 28.5% in fiscal year 2021[4]. - Promotional costs were approximately HKD 15.8 million in fiscal year 2022, down from HKD 19.4 million in fiscal year 2021[10]. - Listing expenses were approximately HKD 11.8 million in fiscal year 2022, compared to HKD 14.3 million in fiscal year 2021[9]. - Total expenses for the year were HKD 32,937,000, a decrease from HKD 35,184,000 in 2021[113]. Assets and Liabilities - The company's current assets increased significantly from approximately HKD 126.7 million on December 31, 2021, to approximately HKD 265.6 million on December 31, 2022, primarily due to an increase in cash and cash equivalents by about HKD 65.7 million[23]. - The company's cash and cash equivalents increased from approximately HKD 76.0 million on December 31, 2021, to approximately HKD 141.7 million on December 31, 2022, mainly due to operating cash inflows and funds raised from the listing[34]. - The company's bank borrowings decreased from approximately HKD 38.7 million on December 31, 2021, to zero on December 31, 2022, due to repayment of borrowings during the fiscal year[31]. - Total assets as of December 31, 2022, amounted to HKD 412,948,000, up from HKD 265,760,000 in 2021, representing a growth of 55.4%[87]. - Total equity rose to HKD 351,307,000 from HKD 150,276,000, indicating an increase of 133.5%[87]. Revenue Breakdown - Revenue from licensing services was HKD 87,130,000, down 40.3% from HKD 146,060,000 in the previous year[102]. - Revenue from design consulting services increased to HKD 36,615,000, up 78.2% from HKD 20,534,000 in 2021[102]. - The company's revenue from character licensing decreased from approximately HKD 166.6 million in the 2021 fiscal year to approximately HKD 123.7 million in the 2022 fiscal year, a decline of about 25.8%[147]. - Revenue from merchandise licensing reached HKD 74,814,000 in FY2022, accounting for 60.5% of total licensing revenue, compared to 79.6% in FY2021[154]. - Revenue from e-commerce and other businesses fell from approximately HKD 123.4 million in the 2021 fiscal year to approximately HKD 68.9 million in the 2022 fiscal year, a decrease of about 44.2%[148]. Legal and Compliance - The group was ordered to pay a total of RMB 6,000,000 and RMB 1,000,000 in damages due to unfair competition claims, equivalent to approximately HKD 6,731,060 and HKD 1,122,000 respectively[37]. - The group has made a provision of RMB 1,000,000 (approximately HKD 1,122,000) for potential damages and costs related to the legal case[38]. - The company has initiated an appeal against a court ruling requiring it to pay damages totaling approximately RMB 6 million and RMB 1 million, equivalent to about HKD 6.73 million and HKD 1.12 million respectively[135]. Future Plans and Strategies - The group plans to expand its intellectual property portfolio and recruit new designers to enhance product lines, focusing on fashion brands and trendy toys[47]. - The company aims to develop cross-border e-commerce in Southeast Asia and integrate online and offline operations to increase brand presence overseas[47]. - The group is exploring opportunities in the metaverse to deepen brand positioning and enhance consumer loyalty[47]. - The company aims to leverage potential synergies from its character licensing business to enhance its e-commerce operations[138]. - Overall, the company is focusing on enhancing its design consulting services and exploring new licensing opportunities to drive future growth[154].
小黄鸭德盈(02250) - 2022 - 年度业绩