Financial Performance - The company's revenue for 2019 reached HKD 41,139 million, an increase of 7.9% compared to HKD 38,139 million in 2018[14]. - Operating profit for 2019 was HKD 5,201 million, representing a significant increase of 49% from HKD 3,492 million in 2018[14]. - The net profit attributable to shareholders for 2019 was HKD 3,788 million, up 55% from HKD 2,440 million in 2018[14]. - The company reported a core profit of HKD 1,374 million for 2019, slightly up from HKD 1,326 million in 2018[14]. - The company's revenue increased by 8% to HKD 41.139 billion in 2019, compared to HKD 38.139 billion in 2018[30]. - Core operating profit rose by 17% to HKD 2.765 billion in 2019, up from HKD 2.364 billion in 2018[30]. - Core net profit increased by 4% to HKD 1.374 billion in 2019, compared to HKD 1.326 billion in 2018[30]. - The overall logistics business recorded a segment profit growth of 15% in 2019[33]. - The Hong Kong logistics business achieved a 6% growth despite social unrest, with segment profit rising by 23%[34]. - The mainland China logistics business saw a segment profit increase of 22% due to cost efficiency improvements[34]. - The international freight business recorded a segment profit growth of 13%, contributing 20% to total segment profit[37]. Assets and Investments - Total assets as of 2019 amounted to HKD 38,223 million, an increase from HKD 30,714 million in 2018[14]. - The group completed the acquisition of 49% stake in Apex, a global third-largest non-vessel carrier, for approximately USD 176 million, with 30% paid in cash and 70% through share issuance[44]. - As of December 31, 2019, the group's bank loan total was HKD 81.22 billion, with 66% of the loans being foreign currency denominated[44]. - The group has approximately HKD 118.01 billion in unused bank loans and overdraft facilities available for significant capital expenditures as of December 31, 2019[46]. - The group plans to complete a 646,000 square feet logistics center in Guangzhou by Q4 2021 and an 827,000 square feet logistics center in Dubai by Q2 2021[43]. Logistics and Operations - The company has over 10,000 self-owned operational vehicles, enhancing its logistics capabilities[3]. - The company operates in 55 countries and regions, indicating a broad international presence[3]. - The logistics facilities cover an area of 7,500 square feet, supporting operational efficiency[3]. - The total owned floor area of logistics facilities is approximately 6,366,549 square feet, with a 79.9% occupancy rate for Kerry Siam Seaport in Thailand[24]. - The logistics center in Shanghai has a total area of 1,196,734 square feet, fully occupied at 100%[24]. - The logistics center in Zhengzhou, China, has a total area of 358,979 square feet, also fully occupied at 100%[25]. - The logistics center in Wuhan, China, has a total area of 629,007 square feet, fully occupied at 100%[22]. - The logistics center in Vietnam's Da Nang has a total area of 116,444 square feet, fully occupied at 100%[23]. - The logistics center in Chengdu, China, has a total area of 608,097 square feet, fully occupied at 100%[24]. - The logistics center in Shenzhen, China, has a total area of 464,741 square feet, with a 55.0% occupancy rate[24]. - The logistics center in Longkou, Taiwan, has a total area of 473,087 square feet, with a 49.7% occupancy rate[24]. - The logistics center in Bangkok, Thailand, has a total area of 410,959 square feet, fully occupied at 100%[24]. - The logistics center in Kunshan, China, has a total area of 203,990 square feet, fully occupied at 100%[25]. Employee and Corporate Governance - The group has about 47,200 employees, with a competitive salary structure and performance-based compensation policies[47]. - The company emphasizes the importance of employee development and retention, offering career development opportunities and a supportive work environment[57]. - The company has established a competitive compensation mechanism based on performance, providing additional benefits such as insurance, medical coverage, and sponsorship for further education or training programs[57]. - The company has received written confirmations of independence from all independent non-executive directors, affirming their compliance with independence requirements[129]. - The company has established five committees, including the remuneration committee, audit and compliance committee, nomination committee, finance committee, and risk management committee, to oversee specific areas of governance[131]. - The company has implemented a regular review of its corporate governance practices to ensure compliance with accepted standards[115]. - The board of directors is responsible for overseeing the company's major policies, strategies, and budgets[116]. - The company has established a whistleblowing policy to allow employees and stakeholders to confidentially raise concerns about potential misconduct[153]. Sustainability and Social Responsibility - The company is committed to sustainable development, focusing on creating value in talent, customer service, supply chain, and environmental aspects[48]. - The company's overall sustainability assessment score reached B+, indicating satisfactory performance in managing sustainability practices across strategy, governance, social, and environmental aspects[56]. - The company has implemented an environmental management system certified to ISO 14001 standards across its business units in Hong Kong, China, and Singapore[83]. - The company has installed solar panels on the rooftops of its warehouses in Beijing, saving approximately 40,000 kWh of electricity monthly and reducing related greenhouse gas emissions[84]. - The company plans to install solar panels at nine logistics centers in Taiwan, expected to provide about 3,000,000 kWh of electricity annually, reducing nearly 3,000 kg of carbon emissions[84]. - The company has received the 5-year Plus "Caring Company" logo from the Hong Kong Council of Social Service, highlighting its commitment to corporate social responsibility[76]. - The company supports various charitable activities, including fundraising events and community service initiatives, to promote children's rights and health[77]. - The company donated a total of 236 books and 1,307 pieces of clothing to impoverished individuals in southern Xinjiang, China[78]. - The company has a systematic approach to sustainability practices, ensuring effective management and reporting of its sustainability performance[56]. Technology and Innovation - The company is developing a visual driving assistance system (VDA) in Taiwan to improve driving safety[59]. - The company has installed mobile digital video recorders (MDVR) in its trucks to enhance driver visibility and safety[59]. - The company has established a fully automated smart warehouse in Xiamen, integrating AI and robotics to improve operational efficiency and reduce labor costs in mainland China[65]. - The introduction of IoT technology in international freight aims to provide comprehensive supply chain transparency and security measures, enhancing decision-making for international clients[65]. - The company launched KerrierVISION, a real-time internet-based solution for tracking inventory and shipments, which includes ePOD and Track & Trace systems to monitor delivery status and reduce paper consumption[65]. - The company is investing heavily in R&D, allocating $H million towards new technology development, aiming for a breakthrough in the next fiscal year[168]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a growth rate of F% in that region over the next year[166]. - The company has a clear strategy for market expansion, particularly in Southeast Asia, leveraging its established presence in the region[162]. - The company is focused on integrating logistics services, including freight forwarding, warehousing, and cold chain logistics[177]. - The company has been focusing on enhancing its supply chain capabilities through strategic acquisitions and partnerships, aiming for improved operational efficiency[161]. - The company is committed to improving operational efficiency and overall business performance through innovative strategies[177]. Awards and Recognition - The company has received the "Best Third Party Logistics in Asia" award for the sixth time at the Supply Chain Asia Awards in 2019[64]. - The company has been recognized with the "Platinum Award" at The Asset ESG Corporate Awards for two consecutive years[64]. - The company was recognized as the Best Third-Party Logistics Service Provider in the Asia-Pacific region by Frost & Sullivan[110]. - The company has received multiple industry awards and recognitions for its leadership in the Asian logistics services sector[185]. Future Outlook - Overall, the company remains optimistic about future growth, citing strong market demand and strategic initiatives as key drivers[165]. - The company provided guidance for the next quarter, expecting revenue to be between $B million and $C million, indicating a projected growth rate of D%[170]. - Recent acquisitions are expected to enhance operational efficiency, potentially increasing profit margins by G%[169].

Financial Performance - The company reported a revenue of HKD 38.14 billion for 2018, representing a 24% increase compared to 2017[14]. - Core operating profit increased by 11% to HKD 3.49 billion, while net profit attributable to shareholders rose by 15% to HKD 2.44 billion[8][14]. - The company achieved a core net profit of HKD 1.33 billion, marking a 12% increase year-on-year[14]. - In 2018, the group's revenue increased by 24% to HKD 38.139 billion, with core operating profit rising by 12% to HKD 1.326 billion[32]. - The group's core net profit increased by 12% to HKD 1.326 billion, marking the ninth consecutive year of growth[34]. - The company reported a double-digit growth in revenue, core operating profit, and core net profit for the year ended December 31, 2018, marking the ninth consecutive year of growth[158]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.16 per share, reflecting a commitment to returning value to shareholders[8]. - The board has proposed a final dividend of HKD 0.16 per share for the year ended December 31, 2018, subject to approval at the annual general meeting[171]. - As of December 31, 2018, the company reported distributable reserves totaling HKD 1.185 billion, with a proposal to distribute HKD 273 million as the final dividend for the year[173]. - The company aims to distribute approximately 30% of its core net profit to shareholders as dividends each fiscal year, subject to board discretion and shareholder approval[135]. - The company is committed to considering special dividends when circumstances permit, based on operational performance and financial condition[135]. Logistics and Operations - The logistics segment contributed significantly to the revenue, with a notable performance in international freight operations[8]. - The integrated logistics business recorded a segment profit growth of 14%, contributing 79% to the group's total segment profit[35]. - The group's Hong Kong logistics business saw a segment profit increase of 37%, contributing 41% to the integrated logistics business's segment profit[35]. - The company operates a logistics center in Vietnam with a total area of 116,444 square feet, fully occupied at 100%[23]. - The company has expanded its logistics services from Hong Kong to mainland China and further into the Asia-Pacific region, Europe, the Americas, and Africa[141]. - The company has developed a comprehensive logistics service that includes freight forwarding, warehousing, and cold chain logistics[156]. Market Expansion and Growth Strategy - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[8]. - The group plans to selectively expand and deepen its presence in the Chinese market, with a focus on the Greater Bay Area as a key growth point[30]. - The company is actively exploring potential mergers and acquisitions to bolster growth and market presence[145]. - Future outlook indicates continued expansion in the logistics sector, with a strategic emphasis on enhancing market share in existing regions[145]. - The company is focused on developing new technologies and products to improve service efficiency and customer satisfaction[144]. Technology and Innovation - The group is evolving into a technology company, emphasizing the use of IT, blockchain, and AI in various logistics operations[30]. - The company has developed a real-time internet-based solution, KerrierVISION, which provides personalized support for tracking inventory, freight, purchase orders, and payments[60]. - The mobile tracking application recorded over 4,670,000 downloads by the end of 2018, enhancing customer experience in tracking shipments[61]. - The company is investing in new technology development, allocating $E million towards R&D initiatives aimed at enhancing operational efficiency[150]. - User data indicates a 25% increase in customer engagement through digital platforms, reflecting successful digital transformation efforts[145]. Financial Position and Debt Management - The asset-liability ratio stood at 45.7%, indicating a stable financial position[8]. - As of December 31, 2018, the group's total bank loans amounted to HKD 95.06 billion, with 46% (HKD 43.80 billion) in foreign currency loans[43]. - The group's debt-to-equity ratio increased to 45.7% as of December 31, 2018, compared to 43.1% in the previous year[43]. - The financial review highlighted a financing cost of HKD 224.25 million, which increased from HKD 159.83 million in the previous year[14]. Corporate Governance - The board of directors held four meetings during the year ending December 31, 2018, to discuss and approve the company's overall strategy and policies[107]. - The company has established a nomination committee to oversee the appointment and succession planning of directors, ensuring independent non-executive directors' independence is evaluated[105]. - The company emphasizes the importance of governance transparency and accountability to maximize shareholder benefits[101]. - The company has received the Platinum Award at The Asset Corporate Awards, highlighting its excellence in corporate governance practices[101]. - The company has implemented a whistleblowing policy allowing employees to confidentially raise concerns about potential misconduct[132]. Environmental and Social Responsibility - The group actively integrates environmental, social, and governance (ESG) systems into its core business decisions, reflecting its commitment to sustainable development[46]. - The company has installed solar panels on the roof of its Beijing warehouse, saving approximately 40,000 kWh of electricity per month and reducing greenhouse gas emissions[72]. - The company has committed to responsible waste management practices, encouraging employees to reuse materials before recycling[73]. - The company has achieved ISO14001 international certification for its environmental management system, reflecting its commitment to high environmental standards[161]. - The group made a donation of HKD 1.4 million to charitable projects or organizations during the year[175]. Awards and Recognition - The company received four awards at the 2018 Asia Supply Chain Awards, including "Best Third-Party Logistics in Asia" and "Caring and Positive Work Environment"[59]. - The company was recognized as the Best Logistics and Supply Chain Solutions Company in 2018[94]. - The company received multiple awards in 2018, including the Gold Award for Overall Report and Silver Awards for Cover Design and Photography at the IADA International Limited[95]. - The company has been awarded for its contributions to environmental responsibility and corporate governance[100]. - The company received the Hong Kong Corporate Governance Excellence Award for 2018, recognizing its commitment to shareholder rights and corporate governance standards[101].