2023-04-28-港交所-旷世控股_二零二二年年报_171页_4mb

Year-End Review of Kwung’s Holdings Limited 2022

Business Summary

In challenging global economic circumstances, Kwung’s Holdings Limited (the "Group") achieved steady growth in business operations for the year ended December 31, 2022, particularly in its core segments. The Group's management focused on enhancing production capabilities and market development, contributing to a 13.8% increase in revenue from HK$631.4 million in 2021 to HK$718.7 million in 2022.

Financial Performance

The Group's profit increased approximately 7.3% year-on-year, attributable to its efforts in expanding market reach and optimizing operational efficiency. Despite a downturn in the broader economy due to post-pandemic recovery challenges, the Group managed to maintain stable financial performance, with gross profit margin at approximately 18.7%.

Dividend Policy

In line with its commitment to shareholder returns, the Group distributed a special dividend of HK$7 per share in March 2023, which was paid to shareholders on February 3, 2023.

Corporate Governance

The Board of Directors adhered to strict governance principles, including compliance with listing rules and regular internal control reviews. The Company maintained the independence of its non-executive directors and continuously enhanced corporate governance practices.

Capital Management

The corporate capital structure remained sound, with the Group maintaining sufficient working capital and a balanced debt-to-equity ratio to support future growth initiatives.

Financial Position Summary

The Group reported total assets of HK$662.3 billion as at December 31, 2022. The equity attributable to owners of the Company stood at HK$427.5 billion. With consistent progress in operations and financial stability, the Company is well-positioned for continued development.

This overview reflects the Group's commitment to transparency and responsible corporate management throughout 2022.