百富环球(00327) - 2023 - 年度财报

Financial Performance - Revenue for 2023 was HK$6,709,324, a decrease of 16.8$8,062,702 in 2022[5]. - Gross profit decreased by 9.4% to HK$2,994,001, resulting in a gross profit margin of 44.6$1,254,366, with an operating profit margin of 18.7% compared to 17.7% in the previous year[5][7]. - Profit for the year was HK$1,165,103, down 8.1$1,268,203 in 2022[5]. - Basic earnings per share decreased by 8.1% to HK$1.075, while the proposed final dividend per ordinary share increased by 21.1$0.23[6]. - Profit attributable to the owners of the Company was HK$1,155.2 million, representing a decrease of 8.7$1,264.7 million in 2022[43]. - The proposed final dividend for 2023 is HK$0.23 per ordinary share, an increase from HK$0.19 in 2022, totaling approximately HK$246,056,000[44]. - The annual profit for 2023 was HK$1,165.1 million, down 8.1% from HK$1,268.2 million in 2022, with profit attributable to owners at HK$1,155.2 million, a decline of 8.7%[47]. Asset and Liability Management - Total current assets decreased by 7.6% to HK$7,553,221, while total assets fell by 4.4$9,075,329[5]. - Net current assets increased by 7.1% to HK$6,064,406, and total equity rose by 8.4$7,486,174[5]. - Total liabilities decreased significantly by 38.5% to HK$1,589.2 million in 2023, down from HK$2,584.5 million in 2022[65]. - The current ratio improved to 5.1 from 3.3 in 2022, indicating better liquidity[7]. Research and Development - Research and development costs increased by 13.6% to HK$644,075, indicating a focus on innovation[5]. - The company is investing in new technology development, allocating$50 million towards R&D initiatives in the upcoming year[32]. - The Group plans to continue investing in technology development, focusing on Android smart terminals and SaaS platforms for long-term growth[58]. Market Expansion and Sales Growth - The company operates over 11,000,000 connected terminals, enhancing its market presence in the payment solutions sector[19]. - The company is exploring market expansion opportunities to increase its footprint in the payment solutions industry[20]. - PAX achieved record-high sales in Mexico, Chile, and Argentina, which have become significant growth drivers for the company[52]. - In the EMEA region, PAX experienced substantial sales growth in the UAE and Kuwait, nearly doubling sales, despite a slowdown in Saudi Arabia[54]. - The Asia Pacific region saw impressive sales growth in Japan, Indonesia, and the Philippines, with Japan's sales doubling due to an increase in inbound tourism[55]. - The Group's revenue from SaaS solutions, including MAXSTORE, reached over HK$100 million in 2023, with over 11 million devices connected to the platform[89]. Corporate Governance and Management - The board of directors includes experienced executives, with a new Chief Financial Officer appointed on March 14, 2024, to strengthen financial oversight[22]. - The company emphasizes employee engagement, retention, and training as part of its corporate culture[132]. - The Board consists of eight members, including four executive Directors and four independent non-executive Directors, ensuring a balanced composition for effective independent judgment[139]. - The Company has established formal and transparent procedures for the appointment and succession planning of Directors, enhancing governance practices[140]. - The Audit Committee consists of four independent non-executive Directors, including at least one member with appropriate professional qualifications or financial management expertise[169]. Risk Management - The risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against risk issues[199]. - The Audit Committee identifies significant risks, including ESG risks, and assesses their levels to determine acceptable risks for achieving strategic objectives[200]. - The Board acknowledges its overall responsibility for maintaining effective risk management and internal control systems to safeguard shareholder interests[198]. Future Outlook - Future outlook includes continued investment in new product development and technology enhancements to maintain competitive advantage[16]. - The company has provided guidance for the next fiscal year, projecting revenue growth of 10$200 million in revenue, with a focus on enhancing payment solutions[32].