INVESTOR
RELATIONS
Overview
For the year ended 31 December
Profitability data (RMB million) |
---|
Revenue |
Gross profit |
Operating profit |
Profit attributable to ordinary equity holders |
Basic earnings per Share (RMB cents) (Note 1) |
Profitability ratios (%) |
Gross profit margin |
Operating profit margin |
Net profit margin |
Effective tax rate |
Return on average total equity holders’ equity (Note 2) |
Operating ratios (as a percentage of revenue) (%) |
Advertising and promotional costs |
Staff costs |
R&D costs |
2022 |
---|
12,930.4 |
5,291.7 |
1,464.3 |
921.7 |
36.61 |
2022 |
40.9 |
11.3 |
7.1 |
33.0 |
11.4 |
2022 |
11.9 |
11.3 |
2.3 |
2021 |
---|
10,013.2 |
4,177.9 |
1,396.2 |
908.3 |
36.35 |
2021 |
41.7 |
13.9 |
9.1 |
30.9 |
12.0 |
2021 |
10.2 |
11.1 |
2.5 |
2020 |
---|
8,171.9 |
3,198.4 |
918.2 |
513.0 |
20.83 |
2020 |
39.1 |
11.2 |
6.3 |
33.7 |
7.3 |
2020 |
11.2 |
12.1 |
2.7 |
2019 |
---|
8,182.7 |
3,550.4 |
1,234.0 |
727.7 |
30.72 |
2019 |
43.4 |
15.1 |
8.9 |
34.8 |
11.9 |
2019 |
14.4 |
11.0 |
2.4 |
2018 |
---|
6,383.2 |
2,828.3 |
1,044.3 |
656.5 |
30.19 |
2018 |
44.3 |
16.4 |
10.3 |
31.4 |
12.4 |
2018 |
15.2 |
11.6 |
2.6 |
2017 |
---|
5,113.4 |
2,244.5 |
724.5 |
408.1 |
18.81 |
2017 |
43.9 |
14.2 |
8.0 |
33.5 |
8.0 |
2017 |
12.9 |
12.1 |
2.8 |
2016 |
---|
5,396.6 |
2,331.3 |
917.0 |
527.9 |
23.89 |
2016 |
43.2 |
17.0 |
9.8 |
33.8 |
10.8 |
2016 |
11.8 |
10.5 |
2.6 |
2015 |
---|
5,295.1 |
2,236.7 |
921.0 |
622.6 |
28.97 |
2015 |
42.2 |
17.4 |
11.8 |
28.7 |
13.0 |
2015 |
14.7 |
9.0 |
2.3 |
2014 |
---|
4,777.6 |
1,946.9 |
808.7 |
478.0 |
21.95 |
2014 |
40.8 |
16.9 |
10.0 |
36.9 |
10.4 |
2014 |
13.1 |
9.4 |
2.2 |
2013 |
---|
4,343.1 |
1,747.6 |
895.4 |
606.0 |
27.84 |
2013 |
40.2 |
20.6 |
14.0 |
30.1 |
13.8 |
2013 |
11.2 |
9.3 |
2.6 |
2012 |
---|
5,550.3 |
2,257.7 |
1,131.3 |
810.0 |
37.22 |
2012 |
40.7 |
20.4 |
14.6 |
27.0 |
19.8 |
2012 |
11.4 |
7.1 |
1.7 |
2011 |
---|
5,539.6 |
2,257.6 |
1,219.3 |
966.4 |
44.41 |
2011 |
40.8 |
22.0 |
17.4 |
20.3 |
26.6 |
2011 |
11.3 |
4.8 |
1.8 |
2010 |
---|
4,457.2 |
1,811.7 |
978.0 |
813.7 |
37.42 |
2010 |
40.6 |
21.9 |
18.3 |
16.8 |
25.7 |
2010 |
11.7 |
4.7 |
1.8 |
2009 |
---|
3,545.3 |
1,387.8 |
701.4 |
647.5 |
29.79 |
2009 |
39.1 |
19.8 |
18.3 |
7.8 |
23.0 |
2009 |
11.8 |
5.3 |
1.6 |
2008 |
---|
2,867.2 |
1,064.3 |
590.6 |
508.2 |
26.84 |
2008 |
37.1 |
20.6 |
17.7 |
12.0 |
34.8 |
2008 |
9.1 |
5.5 |
1.6 |
As at 31 December
Assets and liabilities data (RMB million) |
---|
Non-current assets |
Current assets |
Current liabilities |
Non-current liabilities |
Non-controlling interests |
Total equity holders’ equity |
Asset and working capital data |
Current asset ratio |
Gearing ratio (%) (Note 3) |
Net asset value per Share (RMB) (Note 4) |
Average inventory turnover days (days) (Note 5) (Note 8) |
Average trade receivables turnover days (days) (Note 6) (Note 8) |
Average trade payables turnover days (days) (Note 7) (Note 8) |
Overall working capital days (days) |
2022 |
---|
4,155.4 |
12,338.1 |
6,644.8 |
1,542.0 |
62.5 |
8,244.2 |
2022 |
1.9 |
19.6 |
3.15 |
90 |
98 |
121 |
67 |
2021 |
---|
4,183.0 |
10,432.4 |
4,053.0 |
2,580.0 |
53.1 |
7,929.3 |
2021 |
2.6 |
17.4 |
3.03 |
77 |
107 |
120 |
64 |
2020 |
---|
3,544.4 |
9,027.3 |
3,334.3 |
1,938.7 |
75.4 |
7,223.3 |
2020 |
2.7 |
17.2 |
2.87 |
74 |
120 |
107 |
87 |
2019 |
---|
3,056.7 |
9,265.9 |
3,671.1 |
1,691.2 |
69.8 |
6,890.5 |
2019 |
2.5 |
19.1 |
2.77 |
77 |
96 |
88 |
85 |
2018 |
---|
1,139.0 |
8,059.6 |
3,277.8 |
589.8 |
4.7 |
5,326.3 |
2018 |
2.5 |
21.1 |
2.38 |
80 |
105 |
98 |
87 |
2017 |
---|
1,051.9 |
7,881.8 |
2,488.8 |
1,116.3 |
107.7 |
5,220.9 |
2017 |
3.2 |
20.7 |
2.40 |
75 |
130 |
122 |
83 |
2016 |
---|
956.9 |
7,217.0 |
3,029.4 |
121.7 |
69.3 |
4,953.5 |
2016 |
2.4 |
18.4 |
2.26 |
51 |
119 |
107 |
63 |
2015 |
---|
1,063.2 |
7,050.8 |
2,966.4 |
275.9 |
19.8 |
4,851.9 |
2015 |
2.4 |
19.8 |
2.22 |
58 |
98 |
96 |
60 |
2014 |
---|
917.3 |
6,947.1 |
2,350.3 |
803.8 |
9.9 |
4,700.4 |
2014 |
3.0 |
23.4 |
2.16 |
71 |
91 |
85 |
77 |
2013 |
---|
954.6 |
6,352.2 |
2,356.0 |
443.2 |
1.9 |
4,505.7 |
2013 |
2.7 |
20.9 |
2.07 |
79 |
92 |
76 |
95 |
2012 |
---|
663.3 |
5,836.2 |
1,436.8 |
782.9 |
5.4 |
4,274.4 |
2012 |
4.1 |
16.1 |
1.97 |
70 |
74 |
54 |
90 |
2011 |
---|
495.0 |
5,000.1 |
1,400.2 |
183.6 |
3.9 |
3,907.4 |
2011 |
3.6 |
12.6 |
1.80 |
63 |
64 |
63 |
64 |
2010 |
---|
307.6 |
3,976.6 |
892.0 |
39.9 |
- |
3,352.3 |
2010 |
4.5 |
- |
1.54 |
50 |
51 |
74 |
27 |
2009 |
---|
275.0 |
3,365.6 |
629.3 |
27.3 |
- |
2,984.1 |
2009 |
5.3 |
- |
1.37 |
47 |
54 |
69 |
32 |
2008 |
---|
198.3 |
3,079.9 |
637.6 |
2.8 |
- |
2,637.8 |
2008 |
4.8 |
4.7 |
1.21 |
49 |
48 |
44 |
53 |
Notes:
- 1The calculation of basic earnings per Share is based on the profit attributable to ordinary equity holders of the Company divided by the weighted average number of ordinary shares in issue during the relevant year.
- 2Return on average total equity holders’ equity is equal to the profit attributable to ordinary equity holders of the Company for the year divided by the average of opening and closing total equity holders’ equity.
- 3The calculation of gearing ratio is based on the total borrowings divided by the total assets of the Group at the end of the year. Figures from 2008 to 2011 is equal to the total borrowings divided by the sum of share capital and reserves of the Company at the end of the year.
- 4The calculation of net asset value per Share is based on the total number of Shares in issue at the end of the year.
- 5Average inventory turnover days is equal to the average of opening and closing inventory divided by costs of sales and multiplied by 365 days (or 366 days in 2008, 2012, 2016 and 2020).
- 6Average trade receivables turnover days is equal to the average of opening and closing trade receivables divided by revenue and multiplied by 365 days (or 366 days in 2016 and 2020). Figures from 2008 to 2013 is equal to the average of opening and closing trade and bills receivables divided by revenue and multiplied by 365 days (or 366 days in 2012 and 2008).
- 7Average trade payables turnover days is equal to the average of opening and closing trade payables divided by cost of sales and multiplied by 365 days (or 366 days in 2016 and 2020). Figures from 2008 to 2013 is equal to the average of opening and closing trade and bills payables divided by cost of sales and multiplied by 365 days (or 366 days in 2012 and 2008).
- 8When calculating the average inventory turnover days, trade receivables turnover days and trade payable turnover days for 2019, the opening balances of inventories, trade receivables and trade payables include the respective consolidated balances of K-Swiss Holdings, Inc. (previously known as E-Land Footwear USA Holdings Inc.) and its subsidiaries as if it had been part of the Group since 1 January 2019, and the revenue and cost of sales used for the calculations include the annualised consolidated revenue and cost of sales of K-Swiss Holdings, Inc. and its subsidiaries recorded since the Group’s acquisition on 1 August 2019.
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