INVESTOR
RELATIONS
Overview
For the year ended 31 December
Profitability data (RMB million) |
---|
Revenue (Note 8) |
Gross profit (Note 8) |
Operating profit (Note 8) |
Profit attributable to ordinary equity holders |
Basic earnings per Share (RMB cents) (Note 1) |
Profitability ratios (%) |
Gross profit margin (Note 8) |
Operating profit margin (Note 8) |
Net profit margin (Note 8) |
Effective tax rate (Note 8) |
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 |
2024 |
---|
13,577.2 |
5,865.4 |
1,965.5 |
1,238.4 |
48.67 |
2024 |
43.2 |
14.5 |
9.1 |
31.3 |
14.1 |
2024 |
13.4 |
10.3 |
2.9 |
2023 |
---|
12,742.9 |
5,331.2 |
1,798.0 |
1,030.0 |
40.76 |
2023 |
41.8 |
14.1 |
8.1 |
24.9 |
12.0 |
2023 |
13.3 |
9.7 |
3.1 |
2022 |
---|
11,527.9 |
4,764.3 |
1,653.0 |
921.7 |
36.61 |
2022 |
41.3 |
14.3 |
8.0 |
29.4 |
11.4 |
2022 |
12.0 |
10.8 |
2.6 |
2021 |
---|
9,042.3 |
3,745.3 |
1,486.1 |
908.3 |
36.35 |
2021 |
41.4 |
16.4 |
10.0 |
28.6 |
12.0 |
2021 |
9.9 |
11.3 |
2.5 |
2020 |
---|
7,172.9 |
2,791.4 |
1,022.1 |
513.0 |
20.83 |
2020 |
38.9 |
14.2 |
7.2 |
30.7 |
7.3 |
2020 |
11.2 |
11.5 |
2.9 |
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 (Note 9) |
Non-current liabilities (Note 9) |
Non-controlling interests |
Total equity holders’ equity |
Asset and working capital data |
Current asset ratio (Note 9) |
Gearing ratio (%) (Note 3) |
Net asset value per Share (RMB) (Note 4) |
Average inventory turnover days (days) (Note 5) |
Average trade receivables turnover days (days) (Note 6) |
Average trade payables turnover days (days) (Note 7) |
Overall working capital days (days) |
2024 |
---|
4,738.1 |
11,230.1 |
5,282.6 |
1,983.0 |
- |
8,702.6 |
2024 |
2.1 |
18.1 |
3.24 |
68 |
120 |
101 |
87 |
2023 |
---|
5,281.0 |
12,044.4 |
5,892.3 |
2,509.8 |
60.7 |
8,862.6 |
2023 |
2.0 |
20.3 |
3.38 |
90 |
106 |
113 |
83 |
2022 |
---|
4,155.4 |
12,338.1 |
7,064.3 |
1,122.5 |
62.5 |
8,244.2 |
2022 |
1.7 |
19.6 |
3.15 |
90 |
98 |
121 |
67 |
2021 |
---|
4,183.0 |
10,432.4 |
4,469.5 |
2,163.5 |
53.1 |
7,929.3 |
2021 |
2.3 |
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 (or opening and closing inventory of continuing operations in 2024) divided by costs of sales and multiplied by 365 days (or 366 days in 2008, 2012, 2016, 2020 and 2024).
- 6Average trade receivables turnover days is equal to the average of opening and closing trade receivables (or opening and closing trade receivables of continuing operations in 2024) divided by revenue and multiplied by 365 days (or 366 days in 2016, 2020 and 2024). 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 (or opening and closing trade payables of continuing operations in 2024) divided by cost of sales and multiplied by 365 days (or 366 days in 2016, 2020 and 2024). 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).
- 8On 30 November 2024, the disposal of KP Global Group was completed. The result of KP Global Group for the period from 1 January 2024 to 30 November 2024 was presented as discontinued operation in the consolidated financial statements and the comparative from 2020 to 2023 were re-presented accordingly. The revenue, gross profit and operating profit presented from 2020 to 2023 were re-presented for the continuing operations. The profitability ratios from 2020 to 2023 were also re-presented using the amount of continuing operations for calculation.
- 9Due to the adoption of the revised HKFRSs during 2024, the accounting treatment and presentation of certain items and balances in the financial statements have been revised to comply with the new requirements. Accordingly, certain prior year adjustments have been made, and certain comparative amounts have been reclassified and restated to conform with the presentation and accounting treatment of 2024. The balances and ratio for 2020 to 2024 have been adjusted for the effects of the retrospective changes arising from the adoption of revised HKFRSs during 2024.
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