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载通(00062) - 2024 - 年度财报
2025-04-14 09:05
Operations and Services - The company operates over 4,000 buses, providing public transport services across 444 routes in Hong Kong[23] - The company operates 283 buses under Long Win Bus Company, serving 43 routes connecting New Territories to Hong Kong International Airport[24] - New bus routes were launched to serve residents of newly completed housing estates, enhancing public transport services[72] - The group received approval for four new route franchises at Anderson Road Quarry, expanding its service network[94] - The group is actively expanding its bus network and services to meet the rising demand from local residents and tourists following the resumption of economic activities in Hong Kong[154] - KMB's new route B9A was introduced in 2024 to connect Yuen Long West and the Hong Kong-Shenzhen border, responding to increased usage at the border[166] Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 8,215.4 million, representing a 4.2% increase from HKD 7,884.8 million in 2023[56] - Operating profit for 2024 was HKD 411.6 million, a significant increase of 91.8% compared to HKD 214.6 million in 2023[56] - Basic earnings attributable to equity holders of the company increased by 132.3% to HKD 265.5 million from HKD 114.3 million in the previous year[56] - The group reported a basic profit attributable to shareholders of HKD 265.5 million for the year ended December 31, 2024, compared to HKD 114.3 million in the previous year, representing an increase of 132.5%[108] - Basic earnings per share increased to HKD 0.53 from HKD 0.24, reflecting improved performance in the public bus business[108] - The group recorded a net profit after tax of HKD 126.8 million for KMB in 2024, up from HKD 11.5 million in 2023[110] - Long Win Bus Company achieved a net profit after tax of HKD 41.7 million in 2024, compared to HKD 23.1 million in 2023[111] - The company declared a final dividend of HKD 0.50 per share, down 37.5% from HKD 0.80 per share in 2023[56] - The group proposed a final dividend of HKD 0.50 per share for 2024, down from HKD 0.80 per share in the previous year[109] Sustainability and Environmental Initiatives - The company is committed to sustainable development and aims to enhance shareholder value while contributing to the socio-economic development of the Greater China region[12] - The company is actively pursuing green transport solutions in collaboration with Abu Dhabi, leveraging its expertise from Kowloon Motor Bus[3] - The company is dedicated to fulfilling its social responsibilities and promoting green initiatives to create a more sustainable and livable city[3] - The introduction of 82 electric buses, including the highest capacity double-decker electric bus, contributes to a total of 40 routes equipped with electric buses, covering various operational environments[115] - The electric bus fleet has traveled 5 million kilometers, resulting in a reduction of 8,000 tons of carbon emissions, demonstrating a significant contribution to carbon reduction efforts[115] - The company has established six five-year environmental performance indicators for the fiscal years 2024-2028, ensuring compliance with sustainability standards[116] - A sustainable development performance-linked loan agreement of HKD 200 million has been signed with Bank of China (Hong Kong) to support various sustainability performance indicators[117] - KMB aims to transition its entire fleet to new energy buses to align with government carbon neutrality goals[168] - The company has installed tire pressure monitoring systems on 2,400 buses to enhance safety[170] - KMB has equipped nearly 2,000 buses with solar systems by the end of 2024, representing half of its fleet[181] - The company has installed a total of 30,000 solar photovoltaic panels to support its renewable energy development plan[181] - KMB has installed 1,907 solar devices at over 1,500 bus stops as part of its solar bus stop initiative[181] Employee Welfare and Community Engagement - The group implemented a salary increase of 3.52% for all employees, with new bus drivers receiving a signing bonus of up to HKD 30,000[123] - The group emphasizes the importance of employee welfare, providing a supportive work environment and free vaccination services[123] - The "Love Bus Station Sign" initiative aims to assist elderly individuals with cognitive impairments, creating a safer waiting environment[119] - The company has initiated training programs for electric vehicle maintenance, contributing to the development of qualified personnel in the electric vehicle repair industry[120] Technological Advancements - KMB upgraded 2,500 buses to 5G technology, providing free 5G Wi-Fi services to passengers[182] - The electronic payment system "e度嘟" supports 16 different payment methods, making KMB the public transport operator with the most payment options in Hong Kong[183] - The App1933 has expanded its bus arrival time service to include other bus companies, enhancing passenger trip planning[186] Challenges and Risks - The group faces regulatory risks as most of its revenue comes from public bus services, with fare adjustments requiring government approval[146] - Fuel price fluctuations are a significant financial risk for the group, impacting its cost structure and overall financial stability[147] - The group recognizes the challenges posed by geopolitical tensions and fluctuating oil prices but remains determined to create value for citizens and shareholders[130] Future Development and Strategic Goals - The group aims to provide services in new development areas, anticipating the completion of 60,000 residential units in the next five years, which will add 500,000 housing units[124] - The group is committed to long-term development and maintaining core business growth to deliver sustainable returns to shareholders[113] - The group is focused on maintaining core business growth while exploring maximum development opportunities within controllable environments[125] - The group acknowledges the essential role of a quality transport network in developing Hong Kong as an international financial and innovation center[134]
载通(00062) - 2024 - 年度业绩
2025-03-20 10:10
Financial Performance - For the fiscal year ending December 31, 2024, the group's basic earnings attributable to shareholders were HKD 2.655 billion, up from HKD 1.143 billion in the previous year, representing an increase of approximately 132.5%[3] - The basic earnings per share increased to HKD 0.53 from HKD 0.24, reflecting a growth of 120.8% year-on-year[4] - The total revenue for the year was HKD 8.215 billion, compared to HKD 7.885 billion in 2023, marking an increase of about 4.2%[4] - The flagship company, Kowloon Motor Bus Company, recorded a profit after tax of HKD 1.268 billion, up from HKD 115 million in 2023, indicating a significant improvement[3] - The operating profit rose to HKD 411.656 million from HKD 214.552 million, an increase of approximately 92%[4] - The total comprehensive income for the year was HKD 416.584 million, down from HKD 502.809 million in the previous year, a decrease of about 17.1%[6] - The company reported a net profit of HKD 187,282,000 for the year 2024, compared to HKD 401,663,000 in 2023, showing a decline of about 53.4%[19] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.50 per share, unchanged from the previous year, while the total annual dividend decreased from HKD 0.80 to HKD 0.50 per share[3] - The proposed final dividend for 2024 is HKD 0.50 per share, consistent with the HKD 0.50 per share in 2023, maintaining the same payout level[30] - The board proposed a final dividend of HKD 0.50 per share for 2024, totaling HKD 2.545 billion, compared to HKD 2.472 billion in 2023[49] Assets and Liabilities - Non-current assets totaled HKD 20.721 billion, slightly down from HKD 20.888 billion in 2023[9] - Current liabilities decreased to HKD 2.519 billion from HKD 3.169 billion, improving the net current asset position to HKD 669.949 million from HKD 130.250 million[9] - The total assets of the company as of December 31, 2024, amounted to HKD 23,909,474,000, slightly down from HKD 24,187,089,000 in 2023[19] - The total liabilities decreased to HKD 7,200,142,000 in 2024 from HKD 7,781,502,000 in 2023, indicating a reduction of approximately 7.5%[19] - The company's trade and other receivables decreased to HKD 998.479 million in 2024 from HKD 1,025.064 million in 2023, indicating a reduction in outstanding receivables[40] - The total payables and accrued expenses decreased to HKD 1,576.416 million in 2024 from HKD 1,804.116 million in 2023, reflecting improved cash management[42] Operating Costs and Expenses - The total operating cost for 2024 was HKD 7.1503 billion, up HKD 800 million or 11.3% from HKD 7.0703 billion in 2023, primarily due to rising labor costs[55] - Employee costs increased to HKD 4,419,109,000 in 2024 from HKD 4,133,899,000 in 2023, reflecting an increase of approximately 6.9%[19] - Employee costs account for approximately 56% of the total operating costs in 2024, up from 54% in 2023[80] Investment Properties and Fair Value Changes - The fair value change of investment properties decreased by HKD 78.2 million, compared to an increase of HKD 287.4 million in the previous year[4] - The company recorded a fair value change of investment properties and development properties of HKD (78,200,000) in 2024, compared to HKD 287,380,000 in 2023[19] - The fair value changes of investment properties and properties under development resulted in a loss of HKD 78.200 million in 2024, compared to a gain of HKD 287.380 million in 2023[38] Government Subsidies and Other Income - The total government subsidies received increased to HKD 15,744,000 in 2024 from HKD 7,748,000 in 2023, representing a growth of about 103.63%[25] - Other net income for 2024 was HKD 112,399,000, an increase from HKD 68,106,000 in 2023, marking a growth of approximately 64.96%[25] Future Outlook and Strategic Initiatives - The company anticipates continued improvement in its core business operations, particularly in public transportation services, which is expected to drive future earnings growth[47] - The group plans to leverage the development of the Northern Metropolis area, which will see the completion of 60,000 residential units over the next five years[81] Capital Expenditure and Financing - The group's capital expenditure for the year ending December 31, 2024, is HKD 15.68 billion, down from HKD 16.04 billion in 2023, primarily due to reduced fleet renewal[79] - The group's net debt as of December 31, 2024, is HKD 22.81 billion, a decrease from HKD 29.84 billion in 2023[76] - The current ratio is 1.3 as of December 31, 2024, compared to 1.0 in 2023, indicating improved liquidity[76] - The total unused bank credit as of December 31, 2024, is HKD 28.70 billion, an increase from HKD 24.50 billion in 2023[76] Projects and Developments - The Millenniity project, located in Kwun Tong, has a total floor area of approximately 650,000 square feet, with two office towers providing 20 floors each[64] - The Millenniity's retail space, covering over 500,000 square feet, is currently under construction and is expected to open in 2025[65] - The Millennity project in East Kowloon has received the highest level of LEED and WELL certifications, indicating strong performance in energy efficiency and environmental sustainability[82] - The project spans 1.15 million square feet and consists of two 20-story grade A office towers and a 10-story large shopping mall, with office spaces already leased to several major companies[82] Transportation and Passenger Volume - The total fare revenue for 2024 was HKD 6.9493 billion, an increase of HKD 208.6 million or 3.1% from HKD 6.7407 billion in 2023, driven by an increase in passenger volume[54] - The total passenger volume for 2024 was 940.3 million, averaging 2.57 million passengers per day, a 1.8% increase from 923.6 million in 2023[54] - The after-tax profit for 九巴 (Kowloon Motor Bus) in 2024 was HKD 1.268 billion, compared to HKD 1.150 million in 2023[54] - The after-tax profit for 龍運 (Long Win Bus) in 2024 was HKD 41.7 million, up from HKD 23.1 million in 2023[57] - The fare revenue for 龍運 in 2024 was HKD 6.267 billion, an increase of HKD 1 billion or 19.0% from HKD 5.267 billion in 2023[57] - The total operating cost for 龍運 in 2024 was HKD 5.782 billion, an increase of HKD 817 million or 16.5% from HKD 4.965 billion in 2023[58] - The after-tax profit for the non-franchised bus business in 2024 was HKD 20.6 million, compared to HKD 13.9 million in 2023[59] - Xinjing Bus reported a revenue increase of 27.6% in 2024 compared to 2023, driven by increased passenger volume from Hong Kong residents traveling to Shenzhen[62] - Shenzhen Bus Group's passenger volume decreased by 11.3% from 460 million in 2023 to 408 million in 2024 due to intense competition from various transportation modes[71] Governance and Compliance - The Audit and Risk Management Committee has reviewed the accounting principles and policies adopted by the group, discussing internal controls and financial reporting for the fiscal year ending December 31, 2024[87] - The company has not engaged in any share buybacks, sales, or redemptions during the fiscal year[84]
载通(00062) - 2024 - 中期财报
2024-09-12 08:49
載通國際 Transport International TOUMMAN 0-6 12 2 lo club KING 九巴月票 -1477- Solar R KmB nn 1933 blobb 图 2024 中期報告 載 通 國 際 控 股 有 限 公 司 Q 載通國際控股有限公司 中期回顧 中期業績 2 中期財務報告 綜合損益表 21 綜合損益及其他全面收益表 22 綜合財務狀況表 23 綜合權益變動表 25 簡明綜合現金流量表 27 未經審核中期財務報告附註 29 致董事會的審閱報告 48 公司資料 49 目錄 | --- | --- | |-------|----------------------------| | | | | | 中期股息 | | | 管理層回顧及展望 | | ‧ | 個別業務分部營運及業績回顧 | | ‧ | 財務狀況 | | ‧ | 資金及融資 | | ‧ | 融資及財政政策 | | ‧ | 資本承擔 | | ‧ | 僱員及薪酬政策 | | ‧ | 展望 | | | 補充資料 | 2 2 2 6 6 8 8 9 9 11 2024 中期報告 1 中期業績 本集團截至2024年6月 ...
载通(00062) - 2024 - 中期业绩
2024-08-15 10:15
Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2024, was HKD 120.3 million, a decrease from HKD 133.7 million for the same period in 2023, representing a decline of approximately 10.1%[2] - Revenue for the six months ended June 30, 2024, was HKD 4,064.4 million, up from HKD 3,805.4 million in the same period of 2023, indicating an increase of approximately 6.8%[3] - Earnings per share for the six months ended June 30, 2024, was HKD 0.24, down from HKD 0.28 for the same period in 2023, reflecting a decrease of about 14.3%[3] - The group did not recommend an interim dividend for the six months ended June 30, 2024, due to ongoing challenges and uncertainties[2] - The group reported a pre-tax profit of HKD 2,220.6 million for the six months ended June 30, 2024, compared to HKD 2,084.3 million for the same period in 2023, indicating an increase of 6.5%[13] Operating Costs and Employee Expenses - Employee costs increased to HKD 2,220.6 million from HKD 2,084.3 million, representing a rise of approximately 6.5%[3] - Total employee compensation for the six months ended June 30, 2024, was HKD 2.128 billion, representing approximately 53% of the group's total operating costs, an increase from HKD 2.002 billion for the same period in 2023[46] - Total operating costs for Kowloon Bus increased to HKD 3.5905 billion for the six months ended June 30, 2024, up 2.1% from HKD 3.5177 billion in the same period in 2023[28] - Total operating costs for Long Win were HKD 278.5 million for the six months ending June 30, 2024, an increase of HKD 41.4 million or 17.5% from HKD 237.1 million in the same period in 2023, mainly due to rising employee and fuel costs[29] Assets and Liabilities - The group's total assets less current liabilities amounted to HKD 20,980.0 million, slightly down from HKD 21,018.1 million at the end of 2023[5] - Non-current assets totaled HKD 20,813.0 million, a slight decrease from HKD 20,887.9 million at the end of 2023[5] - The net asset value of the group was HKD 16,322.4 million, down from HKD 16,405.5 million at the end of 2023, indicating a decrease of approximately 0.5%[6] - Total liabilities as of June 30, 2024, were HKD 7,498.0 million, a slight decrease from HKD 7,756.1 million as of December 31, 2023[8] - The group's total assets as of June 30, 2024, were HKD 21,223.4 million, slightly down from HKD 21,235.9 million as of December 31, 2023[8] Revenue Sources - Public bus service fare revenue reached HKD 3,742.3 million, up from HKD 3,494.8 million, reflecting a growth of 7.1%[11] - Fare revenue for Kowloon Bus was HKD 3.4399 billion for the six months ended June 30, 2024, an increase of HKD 185.7 million or 5.7% from HKD 3.2542 billion in the same period in 2023[28] - For the six months ending June 30, 2024, Long Win's fare revenue reached HKD 303.3 million, up HKD 62.3 million or 25.9% from HKD 241.0 million in the same period of 2023, primarily due to increased passenger volume[29] - New Hong Kong Bus Company saw a revenue increase of 57.3% for the six months ending June 30, 2024, due to the full resumption of its cross-border shuttle bus services[31] Profitability of Subsidiaries - The flagship company, Kowloon Motor Bus Company (1933) Limited, recorded a profit after tax of HKD 21.9 million, an improvement of HKD 70.1 million compared to a loss of HKD 48.2 million in the previous year[2] - As of June 30, 2024, Long Win's after-tax profit was HKD 21.5 million, an increase of HKD 18.3 million compared to HKD 3.2 million for the same period in 2023[29] - Sunshine Bus Group recorded an after-tax profit of HKD 6.2 million for the six months ending June 30, 2024, compared to HKD 1.0 million for the same period in 2023, attributed to increased cross-border service demand and cost control measures[31] - The property holding and development segment reported an after-tax profit of HKD 29.1 million for the six months ending June 30, 2024, compared to HKD 18.8 million for the same period in 2023, excluding fair value gains[32] Investments and Capital Expenditure - The group's capital expenditure for the six months ended June 30, 2024, was HKD 487.2 million, primarily for the acquisition of new vehicles to update the fleet[37] - The group invested RMB 387.1 million (equivalent to HKD 363.9 million) in Shenzhen Bus Group, which operates over 5,000 buses across more than 330 routes in Guangdong Province[35] - Beijing BMC Kowloon Taxi Co., Ltd. operates over 4,500 taxis as of June 30, 2024, with an investment of RMB 80 million (equivalent to HKD 75.5 million), representing a 31.38% equity stake[36] Risk Management and Strategic Initiatives - The group actively manages fuel price risks through procurement contracts with diesel suppliers, while continuously monitoring fuel price trends and adjusting risk management strategies accordingly[42] - The group has implemented a credit policy to monitor credit risks associated with trade receivables and debt investments, ensuring ongoing oversight of these risks[43] - The treasury team strategically enters into forward foreign exchange contracts to mitigate foreign exchange risks related to purchasing buses in GBP[42] - The group is committed to enhancing public transport services through the introduction of the first "Passenger Day Ticket," allowing unlimited travel on over 450 routes within 24 hours, aimed at boosting bus service usage[48] - The group is focused on creating a more inclusive society by collaborating with NGOs to introduce "Audio Bus Stops" equipped with RFID systems for visually impaired passengers[48] Corporate Governance and Compliance - The company has complied with the applicable code provisions of the Corporate Governance Code during the six months ended June 30, 2024, except for three directors who were unable to attend the annual general meeting[52] - The interim financial report for the six months ended June 30, 2024, has been reviewed by the independent auditor, KPMG, in accordance with the relevant standards[53] - The interim results announcement and report will be published on the company's website and sent to shareholders in mid-September 2024[54]
载通(00062) - 2023 - 年度财报
2024-04-17 10:07
Operations and Fleet - The company operates over 4,000 buses, providing public bus services across 438 routes in Hong Kong[20] - The company has a fleet of 285 buses under Long Win Bus Company, operating 42 routes connecting New Territories to Hong Kong International Airport[21] - KMB operates approximately 4,000 buses across 438 routes, serving over 2.5 million passengers daily, making it the largest public bus operator in Hong Kong[122] - KMB ended the year with 4,340 licensed buses, a slight increase of 0.9% from 4,301 in the previous year[41] - KMB introduced 107 new buses in 2023, including 83 double-decker buses and 24 BYD electric double-decker buses, increasing the total fleet to 4,055 buses[139] - The fleet included 3,904 double-decker buses and 151 single-decker buses, with 24 electric double-decker buses and 26 electric single-decker buses[139] - Long Win has introduced 24 new double-decker buses equipped with the latest safety features, bringing the total fleet to 285 buses by December 31, 2023[176] Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 7,884.8 million, an increase of 19.3% from HKD 6,607.2 million in 2022[41] - Operating profit surged to HKD 214.6 million, a remarkable increase of 456.0% compared to HKD 38.6 million in the previous year[41] - The group reported a profit attributable to shareholders of HKD 401.7 million for the year ending December 31, 2023, down from HKD 549 million in 2022[80] - Basic earnings per share decreased to HKD 0.83, down 29.1% from HKD 1.17 in 2022[41] - The company declared a final dividend of HKD 0.80 per share, representing a 60.0% increase from HKD 0.50 in the previous year[41] - Total assets increased to HKD 24,187.1 million, a rise of 1.2% from HKD 23,904.4 million in 2022[41] - The net debt increased to HKD 2,984.3 million, up 9.5% from HKD 2,725.0 million in the previous year[41] Sustainability and Environmental Initiatives - The company reported a commitment to sustainable operations, aiming to enhance shareholder value while contributing to social and economic development in the Greater China region[7] - KMB has invested in over 80 electric buses, marking the largest scale of new energy bus fleet in Hong Kong[62] - KMB introduced 82 electric buses, contributing to a reduction of 3,000 tons of carbon emissions by operating over 2.2 million kilometers[89] - The company established six environmental performance indicators for the fiscal years 2024-2028, focusing on reducing carbon footprint, fuel consumption, and water usage[87] - KMB is committed to achieving carbon neutrality and is collaborating with the government to promote green transportation initiatives[108] - Long Win has implemented a wastewater treatment system at its depot to ensure compliance with environmental standards[179] Customer Experience and Service Enhancements - The company emphasizes the importance of understanding customer needs and optimizing route networks to enhance service delivery[7] - The introduction of real-time passenger information displays using 5G technology aims to improve customer experience and operational efficiency[65] - KMB has set up 31 transfer stations to enhance service networks and introduced various transfer discounts to improve customer experience[92] - KMB's membership program "club1933" allows registered passengers to earn points while riding, which can be redeemed for gifts at designated locations[131] - KMB's app1933 has expanded its services to include real-time passenger load information for upcoming buses[151] - KMB's electronic payment system "e度嘟" now supports 16 payment methods, making KMB the public transport operator with the most payment options in Hong Kong[150] Employee Welfare and Corporate Governance - The group implemented a 4.2% salary increase for all employees, with new bus drivers receiving a signing bonus of up to HKD 30,000[97] - KMB received recognition for its corporate governance practices, demonstrating its commitment to transparency and accountability[87] - The group continues to enhance employee welfare, including free vaccination services and the distribution of masks to frontline staff[97] - The group received the Best Corporate Governance Award from the Hong Kong Institute of Certified Public Accountants, reflecting its commitment to responsible and transparent governance[74] Strategic Initiatives and Collaborations - A strategic cooperation agreement was signed with Shenzhen Bus Group to enhance collaboration in the Guangdong-Hong Kong-Macao Greater Bay Area[76] - The group signed a strategic cooperation memorandum with Shenzhen Bus Group to enhance cross-border transportation and connectivity[99] - KMB launched a new W4 circular route connecting key cultural sites, enhancing accessibility for tourists and residents[69] Challenges and Future Outlook - The company continues to face regulatory risks, particularly regarding fare adjustments that require government approval, which may impact financial performance[118] - The group is adapting to changing travel habits post-pandemic, with a focus on increasing service demand and improving operational strategies[105] - Looking ahead to 2024, the company may extend service hours at other land border crossings in response to social demand, potentially diminishing the advantage of the 24-hour Lok Ma Chau/Huanggang port[197]
载通(00062) - 2023 - 年度业绩
2024-03-21 13:07
Financial Performance - The group's profit attributable to shareholders for the year ended December 31, 2023, was HKD 4.017 billion, a decrease from HKD 5.490 billion in 2022[2]. - The earnings per share for 2023 was HKD 0.83, down from HKD 1.17 in 2022[3]. - The flagship company, Kowloon Motor Bus Company, recorded a profit of HKD 1.15 billion in 2023, compared to a loss of HKD 49.9 million in 2022, primarily due to increased fare revenue[2]. - The group's total revenue for 2023 was HKD 7.266 billion, an increase of 19.3% from HKD 6.090 billion in 2022[3]. - The fair value changes of investment properties and properties under development resulted in a profit of HKD 287.38 million in 2023, compared to HKD 448.68 million in 2022[3]. - The total comprehensive income for the year was HKD 502.81 million, significantly up from HKD 220.32 million in 2022[6]. - The group reported a significant increase in other comprehensive income, totaling HKD 101.15 million in 2023, compared to a loss of HKD 328.73 million in 2022[6]. - The group reported a net loss of HKD 9,000,000 in 2023, a significant decrease from a profit of HKD 119,664,000 in 2022, representing a decline of approximately 107.5%[19]. - The group's total comprehensive income for 2023 was HKD 1,751,552,000, compared to HKD 1,640,175,000 in 2022, showing an increase of approximately 6.8%[19]. Dividends - The proposed final dividend for 2023 is HKD 0.50 per share, compared to HKD 0.50 per share in 2022, with a total annual dividend of HKD 0.80 per share[2]. - The board proposed a final dividend of HKD 0.50 per share, totaling HKD 247.2 million, maintaining the same amount as in 2022, with an overall annual dividend of HKD 0.80 per share, up from HKD 0.50 in 2022[39]. - The company declared an interim dividend of HKD 0.30 per share for 2023, totaling HKD 146,074,000, while the proposed final dividend is HKD 0.50 per share, amounting to HKD 247,172,000[25]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to HKD 21,018,120, an increase from HKD 20,592,605 in 2022, representing a growth of 2.1%[7]. - Non-current assets increased to HKD 20,887,870 from HKD 20,358,688, reflecting a rise of 2.6% year-over-year[7]. - The company's cash and bank deposits decreased to HKD 1,207,743 from HKD 1,799,592, a decline of 32.8%[7]. - Accounts receivable rose to HKD 1,025,064, up from HKD 957,169, indicating an increase of 7.1%[7]. - Total equity as of December 31, 2023, was HKD 16,405,587, compared to HKD 16,087,047 in 2022, marking a growth of 2.0%[8]. - The company reported a net current asset of HKD 130,250, down from HKD 233,917, a decrease of 44.8%[7]. - The total non-current liabilities increased to HKD 4,612,533 from HKD 4,505,558, reflecting a rise of 2.4%[8]. - The company’s total liabilities as of December 31, 2023, were reported at HKD 4,612,533, indicating a stable financial position[16]. Accounting Policies - The company changed its accounting policy for investment properties to fair value measurement, which is expected to provide more relevant information to financial statement users[11]. - The company has changed its accounting policy regarding long service payment liabilities to reflect the impact of the cancellation of the offset mechanism, resulting in adjustments to service costs and long service payment liabilities[13]. - The adjustments made due to the accounting policy change did not significantly affect the financial position as of January 1, 2022[13]. - The company has adopted the Hong Kong Institute of Certified Public Accountants' guidelines, which impacted the reported figures for comprehensive income and financial position[14]. Segment Performance - Kowloon Bus Company recorded a post-tax profit of HKD 11.5 million in 2023, a significant recovery from a post-tax loss of HKD 49.9 million in 2022, with fare revenue increasing by 16.7% to HKD 6.7407 billion[41]. - Long Win Bus Company reported a post-tax profit of HKD 23.1 million in 2023, compared to a post-tax loss of HKD 30.8 million in 2022, with fare revenue rising by 66.4% to HKD 526.7 million[42]. - The non-franchised transport business achieved a post-tax profit of HKD 13.9 million in 2023, up from HKD 1.4 million in 2022, driven by increased local demand and the resumption of cross-border services[43]. - The property holding and development segment recorded a post-tax profit of HKD 334 million, down from HKD 507.7 million in 2022, primarily due to a decrease in fair value gains from investment properties[45]. - The group's mainland China transportation business recorded a post-tax profit of HKD 31.1 million in 2023, compared to a post-tax loss of HKD 6.9 million in 2022[51]. Investments and Developments - KT Real Estate Limited's subsidiary, The Millennity, has completed two office buildings with a total floor area of approximately 650,000 square feet, and a retail space of over 500,000 square feet is under construction, expected to open in 2024[47][48]. - The Millennity's office portion is classified as investment property in the consolidated financial statements as of December 31, 2023[48]. - The Millennity's base shopping mall is currently under construction and is expected to be a significant addition to the group's portfolio upon completion[48]. - The group has a 31.38% equity stake in Beijing Beiqi Jiulong Taxi Co., with an investment amount of RMB 80 million, equivalent to HKD 75.5 million[53]. - The group’s investment in Shenzhen Bus Group is valued at approximately HKD 363.9 million[52]. Financing and Costs - As of March 31, 2023, the group's net debt amounted to HKD 29.843 billion, an increase from HKD 27.250 billion in 2022, with a current ratio of 1.0 compared to 1.1 in 2022[54]. - The total undrawn bank credit facilities as of March 31, 2023, were HKD 24.500 billion, significantly up from HKD 6.200 billion in 2022[55]. - The group's financing costs for the year amounted to HKD 1.101 billion, an increase from HKD 37.6 million in 2022, primarily due to higher average bank borrowings and an increase in the average annual interest rate from 1.78% in 2022 to 4.24% in 2023[55]. - Employee costs accounted for approximately 54% of the group's total operating costs in 2023, down from 56% in 2022, with total employee compensation (excluding retirement costs) amounting to HKD 39.688 billion, compared to HKD 38.056 billion in 2022[57]. Future Outlook - The group anticipates a recovery in passenger demand due to government initiatives to stimulate the economy and attract tourists, despite challenges from geopolitical tensions and fluctuating oil prices[58]. - The group has signed a strategic cooperation memorandum with Shenzhen Bus Group to enhance cross-border transportation and connectivity, leveraging resources for integrated transport solutions[59]. - The Millennity project has received multiple prestigious certifications, including LEED Platinum and WELL Platinum, indicating its strong performance in energy efficiency and environmental sustainability[59].
载通(00062) - 2023 - 中期财报
2023-09-14 09:23
Financial Performance - The company's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million compared to HKD 106.4 million for the same period in 2022, representing a growth of 25.7%[5] - Earnings per share for the six months ended June 30, 2023, was HKD 0.28, up from HKD 0.23 for the same period in 2022, reflecting an increase of HKD 0.05 per share[5] - Revenue for the six months ended June 30, 2023, was HKD 3,805.4 million, a 29% increase from HKD 2,946.7 million in the same period of 2022[51] - Operating profit for the same period was HKD 34.1 million, a significant recovery from an operating loss of HKD 170.1 million in the prior year[51] - Net profit for the period was HKD 133.7 million, compared to HKD 106.4 million in the previous year, reflecting a 25.6% year-over-year increase[52] - The total comprehensive income for the six months ended June 30, 2023, was HKD 23.9 million, compared to a loss of HKD 109.8 million in the same period of 2022[60] Dividends - The board declared an interim dividend of HKD 0.30 per share, totaling HKD 146.1 million, compared to no dividend for the same period in 2022[6] - The interim dividend per share is HKD 0.30, to be paid on October 18, 2023[116] Revenue Sources - Kowloon Bus Company recorded a fare revenue of HKD 3.2542 billion for the six months ended June 30, 2023, an increase of HKD 681.9 million or 26.5% from HKD 2.5723 billion in the same period of 2022[7] - Long Win Bus Company reported fare revenue of HKD 241 million, an increase of HKD 101.6 million or 72.9% compared to HKD 139.4 million in the previous year, driven by increased passenger volume[8] - The revenue from the franchised bus service was HKD 3,494.8 million, up from HKD 2,711.3 million in the previous year, indicating a growth of about 29%[77] - The group’s total revenue from non-franchised transport services was HKD 122.3 million, up from HKD 89.5 million in the previous year, indicating a growth of approximately 36.5%[77] Operating Costs - The total operating costs for Kowloon Bus Company increased by 10.5% to HKD 3.5177 billion, up from HKD 3.1829 billion in the previous year, primarily due to rising fuel and employee costs[7] - Total employee compensation for the six months ended June 30, 2023, was HKD 2.0021 billion, up from HKD 1.8726 billion for the same period in 2022, accounting for approximately 52% of total operating costs[23] Investments and Assets - The group’s investment properties were valued at HKD 5,366.5 million as of June 30, 2023, reflecting an increase from HKD 1,468.8 million at the beginning of the year[90] - The fair value of The Millennity was HKD 6.525 billion, with HKD 3.9 billion classified as investment property and HKD 2.625 billion as development property[12] - The group’s investment in Shenzhen Bus Group amounted to RMB 387.1 million, representing a 35% stake, with the group operating approximately 270 routes and owning 5,315 taxis as of June 30, 2023[14] Financial Position - The group’s net borrowings as of June 30, 2023, amounted to HKD 2.8626 billion, compared to HKD 2.7251 billion as of December 31, 2022[16] - The company reported a net asset value of HKD 16,044.3 million, slightly down from HKD 16,137.4 million at the end of 2022[54] - The company’s retained earnings as of June 30, 2023, were HKD 12,352.1 million, indicating a stable financial position[60] Stock Options and Employee Incentives - A total of 16,350,000 stock options were granted as of March 31, 2023, with 6,980,000 options awarded to 15 directors and 9,370,000 options awarded to various employees[33] - The company continues to manage its stock option plans to align with performance and retention strategies[37] - The stock options are part of the company's broader compensation strategy to attract and retain talent[38] Future Plans and Strategies - The group plans to enhance its bus service network by adding and renovating a total of 31 transfer stations, improving point-to-point transport services[24] - The group plans to increase its fleet of electric buses to over 80 units within this year, aiming for 12.5% of the fleet to be electrified by 2025[25] - The group is focused on developing recurring revenue sources through the redevelopment of properties, including office and retail spaces[25] Compliance and Governance - The company has adopted the standard code for securities transactions by directors, with all directors complying with the trading standards[48] - The company has complied with the applicable code provisions of the Corporate Governance Code during the six months ending June 30, 2023[49]
载通(00062) - 2023 - 中期业绩
2023-08-18 10:04
Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million or 25.7% compared to HKD 106.4 million for the same period in 2022[2]. - The revenue for the six months ended June 30, 2023, was HKD 3,805.4 million, up from HKD 2,946.7 million in the same period of 2022, representing a growth of 29%[3]. - The operating profit for the period was HKD 34.1 million, a significant improvement from an operating loss of HKD 170.1 million in the previous year[3]. - The basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.28, compared to HKD 0.23 for the same period in 2022[3]. - The interim dividend declared for the six months ended June 30, 2023, was HKD 0.30 per share, compared to no dividend declared for the same period in 2022[2]. - The company reported a pre-tax profit of HKD 2,084.3 million for the six months ended June 30, 2023, compared to HKD 1,973.2 million for the same period in 2022[17]. - The company's profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million compared to HKD 106.4 million for the same period in 2022, representing a growth of approximately 25.7%[29]. - Basic earnings per share for the six months ended June 30, 2023, was HKD 0.28, compared to HKD 0.23 for the same period in 2022, reflecting an increase of 21.7%[29]. Asset and Liability Management - The group's non-current assets totaled HKD 20,633.5 million as of June 30, 2023, compared to HKD 20,358.7 million as of December 31, 2022[5]. - The net current assets increased to HKD 380.7 million from HKD 233.9 million, indicating improved liquidity[5]. - The total assets less current liabilities amounted to HKD 21,014.2 million, up from HKD 20,592.6 million in the previous year[5]. - Total assets as of June 30, 2023, were HKD 20,911.5 million, while total liabilities were HKD 8,168.4 million[13]. - The company's total liabilities as of June 30, 2023, increased by 5.8% from HKD 7,722.2 million at the end of 2022[13]. - The net debt of the group as of June 30, 2023, is HKD 28.626 billion, up from HKD 27.251 billion on December 31, 2022[42]. - The unencumbered bank loans amount to HKD 50.078 billion as of June 30, 2023, compared to HKD 49.676 billion on December 31, 2022[43]. - As of June 30, 2023, the group's unused bank credit totaled HKD 15.8 billion, an increase from HKD 6.2 billion as of December 31, 2022[44]. Operational Costs and Employee Expenses - Employee costs increased to HKD 2,084.3 million from HKD 1,973.2 million, reflecting a rise in operational expenses[3]. - Total employee compensation for the six months ended June 30, 2023, was HKD 2.002 billion, compared to HKD 1.873 billion for the same period in 2022, accounting for approximately 52% of total operating costs[49]. - Financing costs increased to HKD 84.9 million for the six months ended June 30, 2023, compared to HKD 19.3 million in the previous year[18]. - Financing costs for the six months ended June 30, 2023, were HKD 49.1 million, up from HKD 9 million for the same period in 2022, reflecting an increase in average bank loans and interest rates rising from 0.89% to 3.26%[45]. Revenue Streams - Public bus service fare revenue reached HKD 3,494.8 million, up 29% from HKD 2,711.3 million in the previous year[15]. - For the six months ended June 30, 2023, fare revenue was HKD 3.2542 billion, an increase of HKD 681.9 million or 26.5% compared to HKD 2.5723 billion in the same period of 2022, primarily due to a rebound in passenger volume[31]. - The company recorded other income of HKD 98.2 million for the six months ended June 30, 2023, down from HKD 359.6 million in the same period of 2022[16]. Investment and Fair Value Changes - The fair value change of investment properties and properties under development for the six months ended June 30, 2023, was HKD 140.1 million[9]. - The fair value of The Millennity as of June 30, 2023, is HKD 65.25 billion, with HKD 39 billion classified as investment properties and HKD 26.25 billion as development properties[36]. - The fair value of the commercial building owned by LCK Real Estate Limited is HKD 9.18 billion as of June 30, 2023, slightly down from HKD 9.213 billion on December 31, 2022[37]. - The fair value of the "Man Fang" shopping mall owned by LCK Commercial Properties Limited is HKD 4.455 billion as of June 30, 2023, compared to HKD 4.445 billion on December 31, 2022[37]. - The property holding and development segment reported a post-tax profit of HKD 158.9 million, a decrease of HKD 68.6 million or 30.2% from HKD 227.5 million in the same period of 2022, mainly due to reduced fair value gains from investment properties[35]. Strategic Initiatives and Future Outlook - The company plans to continue its market expansion and product development strategies to enhance its competitive position in the industry[29]. - The group expects passenger numbers to gradually return to pre-pandemic levels due to the reopening of borders and increased travel activity[50]. - The group has received government approval to increase bus fares starting June 18, 2023, which is expected to alleviate financial pressures[50]. - The company plans to increase its fleet of electric buses to over 80 units by the end of 2023, aiming for 12.5% of the fleet to be electrified by 2025[51]. - The company is focusing on developing recurring income sources through the redevelopment of properties, including leasing office and retail spaces[51]. - The company is collaborating with Shenzhen Bus Group to enhance cross-border transport services in response to the growing demand from the Greater Bay Area[51]. Compliance and Governance - The company has adhered to corporate governance codes and regulations during the reporting period[54]. - The interim financial report for the six months ending June 30, 2023, has been reviewed by independent auditors and is available on the company's website[55].
载通(00062) - 2023 - 中期业绩
2023-08-17 14:03
Financial Performance - The group's unaudited profit attributable to shareholders for the six months ended June 30, 2023, was HKD 133.7 million, an increase of HKD 27.3 million or 25.7% compared to HKD 106.4 million for the same period in 2022[2]. - The revenue for the six months ended June 30, 2023, was HKD 3,805.4 million, up from HKD 2,946.7 million in the same period of 2022, representing an increase of 29%[3]. - The operating profit for the period was HKD 34.1 million, a significant improvement from an operating loss of HKD 170.1 million in the previous year[3]. - The basic earnings per share for the six months ended June 30, 2023, was HKD 0.28, compared to HKD 0.23 for the same period in 2022, reflecting a 21.7% increase[3]. - The interim dividend declared for the six months ended June 30, 2023, was HKD 0.30 per share, compared to no dividend for the same period in 2022[2]. - The company reported a pre-tax profit of HKD 2,084.3 million for the six months ended June 30, 2023, compared to HKD 1,973.2 million for the same period in 2022, reflecting a growth of 5.6%[17]. - The company recorded other income of HKD 98.2 million for the six months ended June 30, 2023, down from HKD 359.6 million in the previous year[16]. - Financing costs increased to HKD 84.9 million for the six months ended June 30, 2023, compared to HKD 19.3 million in the same period of 2022[18]. Operational Highlights - The flagship company, KMB, recorded a post-tax loss of HKD 48.2 million, an improvement of HKD 90.9 million compared to a post-tax loss of HKD 139.1 million in the same period last year[2]. - Employee costs increased to HKD 2,084.3 million from HKD 1,973.2 million, reflecting a rise of 5.6%[3]. - Fuel costs rose to HKD 487.9 million from HKD 342.7 million, marking an increase of 42.4%[3]. - The company reported a significant recovery in passenger volume, attributed to the easing of government pandemic measures, which positively impacted bus fare revenue[29]. - The company anticipates continued improvement in financial performance, despite rising fuel and employee costs[29]. Asset and Liability Management - Non-current assets totaled HKD 20,633.5 million as of June 30, 2023, compared to HKD 20,358.7 million as of December 31, 2022[5]. - The net current assets increased to HKD 380.7 million from HKD 233.9 million, indicating a significant improvement in liquidity[5]. - Total assets as of June 30, 2023, were HKD 20,911.5 million, while total liabilities were HKD 8,168.4 million, indicating a healthy asset-to-liability ratio[13]. - The company's total liabilities as of June 30, 2023, included a provision for the tunnel fee exemption fund amounting to HKD 465.9 million[17]. - The net debt of the group as of June 30, 2023, is HKD 28.626 billion, compared to HKD 27.251 billion on December 31, 2022[42]. Accounting Policy Changes - The company changed its accounting policy for investment properties and properties under development from a cost model to a fair value model, resulting in a fair value change of HKD 140.1 million for the six months ended June 30, 2023[8]. - Basic and diluted earnings per share for the six months ended June 30, 2023, were HKD 0.28, compared to a loss of HKD 0.08 before the accounting policy change[9]. - The retained earnings increased to HKD 12,352.1 million as of June 30, 2023, due to the adjustments from the new accounting policy[11]. - Deferred tax liabilities were adjusted to HKD 996.2 million as of June 30, 2023, reflecting the impact of the fair value measurement[11]. - The company anticipates that the new accounting policy will enhance comparability with other listed companies[8]. Future Outlook and Strategic Initiatives - The company plans to continue expanding its public transport services and exploring new business opportunities in the upcoming quarters[14]. - The company has been granted a new ten-year bus franchise starting from May 1, 2023, which is expected to enhance service quality and expand the bus service network[51]. - The company plans to increase its fleet of electric buses to over 80 units by the end of this year, aiming for 12.5% of the fleet to be electrified by 2025[51]. - The company is actively seeking to increase non-fare revenue and is pursuing various proposals with the government[51]. - The company is committed to a "zero emissions" roadmap in line with national and local carbon neutrality policies[51]. Employee and Compensation - Total employee compensation for the six months ended June 30, 2023, was HKD 2.0021 billion, representing approximately 52% of the group's total operating costs, an increase from HKD 1.8726 billion for the same period in 2022[49]. - The group has over 13,000 employees as of June 30, 2023, consistent with the number as of December 31, 2022[49]. Capital Expenditure and Financing - The group's capital expenditure for the six months ended June 30, 2023, was HKD 10.405 billion, an increase from HKD 6.687 billion for the same period in 2022[41]. - The group's unencumbered bank loans amount to HKD 50.078 billion as of June 30, 2023, up from HKD 49.676 billion on December 31, 2022[43]. - As of June 30, 2023, the group's unused bank credit totaled HKD 15.8 billion, an increase from HKD 6.2 billion as of December 31, 2022[44]. - Financing costs for the six months ended June 30, 2023, were HKD 49.1 million, up from HKD 9 million for the same period in 2022, primarily due to increased average bank loans and a rise in interest rates from 0.89% to 3.26%[45]. Governance and Compliance - The mid-term financial report for the six months ending June 30, 2023, has been reviewed by independent auditors and is available on the company's website[55]. - The company has complied with the applicable corporate governance code provisions during the review period[54]. - The company issued 11,974,451 shares at HKD 9.91 each on June 30, 2023, as part of a scrip dividend plan[52].
载通(00062) - 2022 - 年度财报
2023-04-17 08:32
Financial Performance - KMB recorded a post-tax loss of HKD 4.7 million in 2022, a significant unfavorable variance of HKD 106.1 million compared to 2021[43] - Long Win Bus recorded a post-tax loss of HKD 27.8 million in 2022, with a favorable variance of HKD 7.2 million compared to 2021, despite a significant drop in passenger numbers due to pandemic restrictions[43] - Sun Bus, the flagship company of the non-franchised transport business, recorded a post-tax profit of HKD 3.5 million in 2022, a decrease of HKD 5.3 million compared to 2021[43] - The group's profit attributable to shareholders for the year ended December 31, 2022, was HKD 143.6 million, a decrease of HKD 101.4 million compared to 2021, primarily due to reduced travel during the fifth wave of COVID-19[42] - The company expects a recovery in bus ridership and revenue to pre-pandemic levels due to the relaxation of COVID-19 measures and border reopening[54] Sustainability and ESG Initiatives - KMB achieved a HKD 800 million 5-year sustainability-linked loan agreement to promote ESG projects, including reducing greenhouse gas emissions and increasing green procurement[33] - KMB initiated the "Carbon Reduction Partner Program" to install solar panels on its fleet, with sponsors recognized through commemorative plaques on buses[31] - The company aims to transition its entire fleet to new energy buses by 2040, aligning with the government's carbon neutrality goals[73] - The company has set a goal to achieve carbon neutrality and is preparing to fully transition to new energy buses, supported by the construction of two new energy bus depots[57] - The company is installing solar panels on bus roofs and station facilities to utilize renewable energy and reduce energy waste[57] - The company has installed solar panels on 2,000 bus stops by the end of 2022 and plans to install over 30,000 solar photovoltaic panels by 2023 to promote renewable energy[75] - The company has secured two sustainability-linked loans totaling HKD 800 million from Mitsubishi UFJ Bank and Chong Hing Bank to promote zero-carbon transportation in Hong Kong[152] - The company has installed approximately 30,000 solar panels as part of its renewable energy and zero-emission bus technology development plan[154] - The company's bus depots are equipped with environmentally friendly designs for sewage treatment and water recycling systems, effectively reducing water consumption[151] - The company has obtained ISO14001 certification for its two largest bus depots and conducts quarterly audits to ensure compliance with strict environmental management standards[145] - The company has integrated climate change-related risks into its risk management system, with key performance indicators reported to the Audit and Risk Management Committee three times a year[150] - The company has adopted the TCFD framework to comprehensively discuss climate change risks and their potential impacts on the business, ensuring alignment with governance, strategy, risk management, and metrics[147] - The third-generation solar-powered double-decker buses reduce cabin temperature by 8-10°C and save 5-8% of fuel consumption per bus daily, equivalent to reducing 6 tons of carbon emissions annually per bus[156] - The company plans to install 30,000 solar photovoltaic panels across bus depots, bus stops, and bus roofs, generating over 13 million kWh of renewable energy annually, equivalent to the electricity consumption of 4,176 Hong Kong households, and reducing 12,587 tons of carbon emissions[156] - The company has developed a patented eco-friendly wind barrier for buses, reducing energy waste from air conditioning loss, and plans to install it on 600 buses[156] - Replacing low-wattage LED lights in the bus fleet will reduce 5,600 tons of carbon emissions annually[156] - The company has partnered with 48 enterprises to install solar panels on 89 in-service buses as part of its "Carbon Reduction Partner Program"[157] - The company has introduced 16 new-generation pure electric buses and plans to have 500 electric buses in the fleet within the next 3-5 years, aiming for a fully zero-emission bus fleet by 2040[166] - The company has installed over 8,500 solar photovoltaic panels across bus depots and stations to enhance renewable energy usage and reduce greenhouse gas emissions[161] - The company has implemented a water recycling system in bus depots, reducing total water consumption by 4%[163] - The company has reduced oil consumption by 40% and waste oil by 80% through a mileage-based oil change plan and the use of synthetic transmission oil[160] - The company has achieved a 2.36% reduction in environmental targets per million kilometers driven, progressing towards its 2023 fiscal year goals[165] Operational and Service Enhancements - KMB introduced the first pure electric double-decker bus in Hong Kong, featuring advanced blade battery technology, significantly improving battery efficiency and cabin space[39] - KMB launched three new express routes (96, 290E, and 298X) to provide new travel options for Tseung Kwan O residents following the opening of the Tseung Kwan O-Lam Tin Tunnel[40] - KMB installed 10 AEDs at major bus terminals and depots for public use, with staff trained to enhance confidence in using the devices[35] - The company adjusted bus services to meet demand in growing areas such as Tseung Kwan O, North District, and Tuen Mun, while optimizing around 30 interchange stations[56] - The company introduced new bus routes and expanded its transfer network to offer more affordable cross-district travel options[56] - The company faced significant operational pressure in 2022 due to reduced ridership and staff shortages caused by the pandemic[56] - The company implemented health measures, including disinfectant coatings in buses and providing rapid test kits to employees[56] - The company produced its own masks to protect employees during the pandemic[56] - The company celebrated its 90th anniversary in 2023, reaffirming its commitment to providing safe, comfortable, and value-for-money bus services[54] - The company is upgrading its bus fleet to 5G-enabled buses, providing free 5G Wi-Fi services to passengers, and using technology to assess passenger flow and traffic for better resource allocation[57] - The company has delivered its first double-decker electric bus with a passenger capacity similar to diesel buses and a range suitable for most bus routes, with more electric buses expected to be delivered soon[57] - The company is collaborating with Shenzhen Bus Group to promote cross-border payment systems and information sharing, aiming to enhance transportation services in the Greater Bay Area[57] - The company is expanding its services in new development areas, providing transportation networks to support housing projects and enhance business growth[57] - The company operates a fleet of approximately 4,000 buses, serving over 2.6 million passengers daily across 433 routes[66] - In response to the COVID-19 pandemic, passenger demand significantly dropped during the fifth wave in early 2022, but service levels gradually recovered from April 2022[67] - The company introduced a "Buy 3 Get 1 Free" promotion for the KMB Monthly Pass in April 2022, offering an Octopus top-up of HKD 780 (equivalent to one monthly pass) for customers who purchased the pass for four consecutive months[68] - A regional short-distance fare scheme was launched in August 2022, covering 5 routes in the Northern District, with fares as low as HKD 3.8, saving passengers up to HKD 12.5 per trip[70] - The company implemented 86 route restructuring plans in 2022, improving network synergy and eliminating route overlaps[71] - New routes 90, 96, and 97 were launched in September and December 2022, connecting Tai Po, Sha Tin, and Tseung Kwan O, while route 69 was introduced to provide cross-district services between Yuen Long and Tin Shui Wai[72] - In 2022, 205 new buses were licensed, including 189 double-decker buses with enhanced safety features and 16 BYD electric single-decker buses[74] - The company plans to introduce 500 electric buses in the next 3-5 years, accounting for one-eighth of the total fleet[74] - As of December 31, 2021, the company operated 4,036 licensed buses, including 3 hybrid double-decker buses and 26 electric single-decker buses, with 118 Euro VI double-decker buses and 51 double-decker electric buses on order for delivery in 2023[74] - KMB's bus fleet increased from 4,013 to 4,036 in 2022, with 210 new buses added and 187 retired[76] - KMB upgraded 2,500 buses to 5G technology in 2022, providing free 5G Wi-Fi services and plans to add upper deck seat displays and real-time bus capacity information in the App1933[78] - KMB's electronic payment system "e度嘟" now supports 11 payment methods, including BoC Pay, making it the public transport operator with the most electronic payment options in Hong Kong[79] - App1933 has expanded its real-time estimated journey time feature to 50 locations and provides bus arrival time information for other franchised bus companies[80] - KMB's fleet mechanical reliability reached 109,094 km:1 and fleet operational capability was 103.08% in 2022[82] - KMB operates 4 main bus depots and 11 smaller depots, with the Tuen Mun Central Repair Centre providing comprehensive bus maintenance services[83] - Long Win Bus was granted a new 10-year franchise by the Hong Kong government, effective from May 1, 2023, covering areas such as the airport, Hong Kong Disneyland, and AsiaWorld-Expo[87] - Long Win Bus, heavily impacted by COVID-19 due to its reliance on tourists, adjusted service levels in consultation with the Transport Department to match actual passenger demand[88] - Long Win Bus also supports 11 electronic payment methods through the "e度嘟" system, including BoC Pay, aligning with KMB's payment options[89] - Long Win Bus operates 39 routes by the end of 2022, with service adjustments made to routes in Tuen Mun and Yuen Long districts, including the E43 route, significantly reducing travel time between the North District and North Lantau[90] - Long Win Bus introduced 13 new double-decker buses with advanced safety features in 2022, and as of December 31, 2022, operates a fleet of 261 double-decker buses and 4 electric single-decker buses, with 192 double-decker buses being 12.8 meters long and wheelchair accessible[91] - The mechanical reliability of Long Win Bus reached 249,086 km:1 in 2022, with a fleet operational capability of 101.70%[95] - Long Win Bus's fleet consists of over 95.09% Euro V or above and electric buses after transferring 5 buses in 2022[93] - Long Win Bus's fleet increased from 256 buses (252 double-decker and 4 single-decker electric) at the beginning of 2022 to 265 buses (261 double-decker and 4 single-decker electric) by the end of 2022, with 14 buses added and 5 disposed of during the year[94] - Sun Bus Group implemented flexible schedules and enhanced cleaning measures in response to the fifth wave of COVID-19, and plans to invest in Euro VI buses with driving monitoring and assistance systems in 2023[99] - Shenzhen Bus Group's passenger volume decreased by 28.3% from 544.1 million in 2021 to 389.9 million in 2022 due to the COVID-19 pandemic[103] - Shenzhen Bus Group operates a fleet of over 5,600 buses and more than 4,800 taxis, and was the first to achieve full electrification of its bus fleet in 2017[103] - The company launched new bus routes, including 67A, 78B, 93P, 96, 290E, and 298X, to improve connectivity and provide faster services to new residential areas and key business districts[171] - The company has upgraded over 600 buses with sliding ventilation windows to enhance air circulation and passenger comfort[173] - The company has installed solar power devices at 2,000 bus stops to promote green energy and power lighting systems[173] - The company has equipped 4,065 buses with real-time information displays and installed 1,260 bus shelters with screens showing estimated arrival times[173] - The company has retrofitted approximately 260 buses with dual wheelchair spaces and introduced new foldable wheelchair armrests on over 90 buses to improve accessibility and safety for wheelchair users[174] - The company has installed 2,250 seats at bus shelters, terminals, and interchange stations to accommodate elderly, disabled, and child-carrying passengers[175] - The company has initiated a 5G upgrade for its entire bus fleet, providing free 5G Wi-Fi services to passengers, enhancing their travel experience with high-speed and stable internet connectivity[172] - The company has introduced energy-efficient LED lighting and variable-speed air conditioning compressors on 3,790 buses and 257 Long Win buses, optimizing energy use and improving cabin comfort[173] - KMB launched a regional short-haul fare discount program covering 55 routes and 92 card readers, offering fares ranging from HKD 3.8 to HKD 5 for intra-district travel[176] - KMB expanded its "KMB Discount Stations" to include new locations in Tsim Sha Tsui, Yuen Long, and Tin Shui Wai, providing up to HKD 4 fare discounts[176] - ICBC•KMB UnionPay Dual Currency Cardholders can enjoy up to 20% fare rebates on KMB and Long Win buses, while Citibank cardholders receive a 15% annual fare rebate[176][178] - KMB introduced a "Buy 3 Get 1 Free" promotion for monthly passes, offering an HKD 780 Octopus rebate, and extended the promotion to the second half of 2022[180] - KMB launched a student-exclusive "Buy 2 Get 1 Free" promotion for monthly passes, providing an HKD 780 Octopus rebate for students[180] - KMB and Long Win established 23 interchange stations, covering most KMB routes, and introduced a new Ma On Shan interchange network covering 14 routes with up to HKD 10 transfer discounts[179][182] - KMB renovated multiple interchange stations in 2022, improving signage and platform numbering for better passenger experience[179] - KMB's monthly pass is applicable to over 400 routes, offering daily rides of 10 KMB trips and 2 B1 route trips for HKD 780[180] - KMB and Long Win buses are equipped with CCTV systems to enhance passenger and driver safety, with all new buses since 2015 including front-facing cameras as standard[181] - KMB's App1933 provides real-time bus route information and estimated arrival times, enhancing passenger convenience[182] Employee Welfare and Training - KMB partnered with Hong Kong Metropolitan University to provide internship opportunities and short-term career-oriented courses for students[30] - The company provided competitive salary and benefits, including paid annual leave, medical benefits, hospitalization insurance, accident insurance, and free bus rides for employees and their families[185] - Over 400 children of employees benefited from the Employee Children Scholarship Program as of December 31, 2022[185] - The company launched a series of health activities in 2022, including health lectures, free health books, and healthy menus in employee canteens[185] - A total of 10 automated external defibrillators (AEDs) were installed at major bus stations and depots in 2022 for public and employee use[187] - The company established the KMB Academy in early 2022, merging the KMB Driver Training School and KMB Technical Training School to enhance employee training[189] - Three KMB apprentices won awards in the Vocational Training Council's "Best Automotive Apprentice Competition" in 2022[189] - The company offered diverse learning opportunities, including internal classroom training and online courses, to help employees stay updated with industry trends[190] - A 24/7 counseling hotline was set up to support employees' mental health during the COVID-19 pandemic[186] - The company improved employee rest facilities, including the "Club1933" recreation area at Kowloon Bay and Lai Chi Kok depots[185] - The company organized various activities, such as the "Employee Appreciation Month," to foster a supportive work culture[185] - 274 drivers were commended for outstanding safety and service performance in 2022[191] - 28 employees received the 35-year service award, 121 received the 30-year service award, and 168 received the 20-year service award[191] - 100 drivers were awarded the GreenRoad Safety and Eco-Driving Excellence Award, with 10 receiving a cash prize of HKD 10,000[191] - Over 390 employees, including retirees, were awarded for long-term service and excellent performance[191] Customer Engagement and Safety - The company held 12 passenger liaison group meetings across different regions to collect customer feedback[199] - The company participated in the Hong Kong Book Fair and set up pop-up stores in Kwun Tong and Sham Shui Po to promote services[199] - The company organized four free ride days in collaboration with business partners and sponsors[199] - The company's Facebook page reached over 187,000 followers, and Instagram reached over 625,000 account interactions by December 2022[200] - Over 86.50% of drivers achieved outstanding performance in the GreenRoad Safety and Eco-Driving Excellence Awards[124] - Diesel usage decreased by 6.17% in 2022[124] - The mechanical reliability of KMB's fleet reached 109,094 km:1, while Long Win's fleet reached 249,086 km:1 in 2022[129] - KMB's fleet operational capacity reached 103.08%, and Long Win's reached 101.70% in 2022[129] - The company collaborated with 408 local suppliers and 34 non-local suppliers in 2022, with 88.00% of expenditures on local suppliers[123] - Non-Chinese, disabled, and retired employees accounted for 17.60% of the total workforce[124] - Over 20,000 hours of volunteer service were recorded in 2022[124] - The company implemented an environmental and sustainable procurement policy[124] - The company's safety committees held 336 meetings, achieving a 100% participation rate[129] - The company's ISO45001-certified Occupational Health and Safety Management System covers 12,122 employees and contractors[129] - GreenRoad driver feedback system reduced average accident rate by approximately 19.85%, with over 86.50% of drivers achieving a safe satisfaction level[134] - Over 90 buses equipped with new ret