Environmental Management - The company's water usage in 2023 was 800 cubic meters, with a density of 0.96 cubic meters per million HKD of revenue, compared to 716 cubic meters and 0.76 cubic meters per million HKD in 2022[7] - The company's environmental, social, and governance (ESG) report highlights compliance with waste disposal and chemical regulations in Hong Kong[16] - The company's ESG initiatives include managing greenhouse gas emissions, energy usage, and water resources, as well as addressing supply chain environmental and social risks[30] - Total non-hazardous waste generated remained constant at 5.92 tons in both 2022 and 2023, with a density of 0.01 tons per million HKD revenue[82] - The company continued its emission reduction measures, effectively controlling emissions despite increased business volume[83] - The company's water usage remained low due to its operational and business nature, with no significant water-related challenges encountered[115][116] - The company's waste disposal did not pose a significant risk, with non-hazardous waste being collected by contracted cleaning services[113] - The company's environmental goals include reducing water usage and promoting water-saving awareness among employees[116] - The company's greenhouse gas emissions are categorized into Scope 1 (direct emissions from operations), Scope 2 (indirect emissions from purchased electricity), and Scope 3 (other indirect emissions, including employee business travel and waste disposal), calculated based on the Hong Kong Stock Exchange's Environmental Key Performance Indicators Reporting Guidelines[123] - The company's water usage increased by 11.7% in 2023 compared to 2022, with water usage density increasing by 26.3%, primarily due to the resumption of normal office operations post-pandemic[154] - The company is actively reducing the use of natural resources and converting unavoidable waste into resources to support a circular economy, including reducing the number of printed annual reports to minimize paper usage[131] - The company has identified climate-related risks that could disrupt operations and is consulting with independent advisors to mitigate these risks[136] - The company is focusing on improving electricity efficiency as a priority, not only as part of its environmental policy but also to reduce operational costs and increase marginal profit value[143] - The company anticipates increasing compliance costs due to growing emissions reporting obligations and plans to develop mitigation measures to address the impact of climate change on operations and services[144] - The company's satellite operations do not rely heavily on natural resource consumption and do not generate significant waste or hazards to the environment, but it continues to monitor radiation emissions from satellite antennas[138] - The company has implemented energy efficiency measures, including controlling room temperature to 25°C, increasing the use of natural light in office and public areas, and automatically turning off unused lighting, which has significantly reduced power consumption[156] - The company has optimized the tracking strategy of KA 13m antennas, greatly reducing the working time of drive motors and lowering daily power consumption[156] - The company has replaced some high-power amplifiers with low-power ones based on actual business needs, further reducing power consumption[156] - The company has relocated some HPAs from radio frequency rooms to the center of the antenna body, significantly reducing feeder loss[156] - The company has reduced printing and turned off radio frequency equipment, including HPAs and frequency converters, when not in use to save energy[156] - The company's ESG performance indicators include emissions, resource usage, and environmental impact, with specific KPIs for greenhouse gas emissions, waste management, energy consumption, and water usage[191] Employee Management and Training - The company employs 87% of its staff in Hong Kong and strictly complies with local employment laws[31] - The company employed 108 employees in 2023, with 87.0% from Hong Kong, 6.5% from Mainland China, and 6.5% from other regions[47] - Male employees accounted for 68.5% (74 employees) and female employees accounted for 31.5% (34 employees) in 2023[47] - 93.5% of employees (101 employees) received training in 2023, compared to 66.4% (75 employees) in 2022[51] - 90.5% of male employees (67 employees) and 100.0% of female employees (34 employees) received training in 2023[51] - Management-level employees had an 85.7% training participation rate (6 employees), mid-level employees had 100.0% (6 employees), and general employees had 93.7% (89 employees) in 2023[51] - The company provided annual health check-ups for employees to promote health awareness[48] - The company ensured compliance with labor laws, including no use of child labor and adherence to the Hong Kong Occupational Safety and Health Ordinance[53] - Total number of full-time employees decreased from 113 in 2022 to 108 in 2023, maintaining a 100% full-time employment rate[70] - Employee turnover rate increased from 14.2% in 2022 to 19.0% in 2023, with the highest turnover among employees under 30 years old (68.8%)[70] - The company maintained a 0% injury rate and 0 lost workdays in 2023, consistent with previous years[75] - The company strictly adhered to employment laws and regulations in Hong Kong and other jurisdictions, including the Employment Ordinance and Mandatory Provident Fund Schemes Ordinance[76] - The company provided time and funding for employees to attend external training programs related to their work scope in both 2022 and 2023[86] - The company maintained a diverse workforce, with 63.9% of employees aged 30-50 and 21.3% over 50 years old in 2023[70] - The company has a comprehensive training program for employees, with training hours and participation rates categorized by gender and employee type[165] - The company has implemented measures to prevent child labor and forced labor, with steps to address any violations[165] Corporate Governance and Compliance - The company's annual general meeting in 2023 adopted amendments to the articles of association to align with updated listing rules and allow for electronic or hybrid meetings[36] - The company's shareholder communication policy ensures timely and accessible information, with direct engagement opportunities at the annual general meeting[5] - The company's Board of Directors took overall responsibility for ESG strategy and reporting, ensuring environmental protection measures and good social responsibility practices[72] - The company's internal control and risk management systems remained effective throughout 2023, with no significant control failures reported in financial, operational, or regulatory areas[92][93] - The company's internal audit team independently tested and evaluated the effectiveness of selected internal controls, with results reviewed by the Audit and Risk Management Committee[92] - The company's internal control framework is based on the COSO recommendations, covering financial, operational, and regulatory controls, as well as risk management[104] - The company has a robust anti-corruption and bribery policy, including a whistleblowing mechanism for employees to report any suspected misconduct anonymously[142] - The company's board of directors is responsible for reviewing corporate governance policies, training, and compliance with legal and regulatory requirements, as well as the company's adherence to the Corporate Governance Code[120] - The company regularly reports its financial status to the board of directors, ensuring continuous, balanced, and clear assessments for strategic decisions and regulatory compliance[159] - The company has disclosed key ESG performance indicators, including climate change-related issues, employee statistics, health and safety measures, and anti-corruption efforts[165][166] - The company has a robust anti-corruption framework, including training for directors and employees, and a reporting mechanism for corruption cases[166] - The company has implemented a shareholder communication policy to enhance effective communication with shareholders and encourage their active participation in corporate affairs[186] Satellite Operations and Infrastructure - The company operates satellites covering approximately 75% of the global population across Asia, Europe, Africa, and Oceania[14] - The company has invested in building a new earth station to support the government's 5G development plan and minimize the impact on community residents[27] - The company's satellite system provides high-quality services, positioning it as a leading satellite operator in the Asia-Pacific region[19] - The company has identified physical risks from climate change, including extreme weather events such as typhoons and heavy rainfall, which can affect satellite operations. To mitigate these risks, the company has designed ground systems with sufficient redundancy and uses high wind-resistant antennas capable of withstanding wind speeds of up to 320 km/h[190] - The company has established a backup control center outside of Hong Kong to ensure satellite safety and control during extreme and unpredictable climate disasters[190] Financial Performance and Reporting - The company's financial performance for the year ended December 31, 2023, is detailed in the consolidated financial statements on pages 95 to 177[198] - Changes in the company's share capital are detailed in Note 26(b) of the consolidated financial statements[200] - The company's dividend policy is based on financial conditions, business prospects, future income, cash flow, and asset costs, with final dividends requiring approval at the annual general meeting[125] Supply Chain and Product Responsibility - The company collaborated with 714 suppliers in 2023, up from 674 suppliers in 2022[57] - The company prioritized suppliers with green policies and environmental certifications[55] - The company's supply chain management practices include identifying environmental and social risks at each stage of the supply chain and promoting the use of environmentally friendly products and services[193] - The company's product responsibility KPIs include tracking the percentage of products recalled for safety and health reasons, handling customer complaints, and ensuring consumer data protection and privacy[193] Energy and Emissions Management - The company's total energy consumption decreased by 6.0% in 2023, with energy intensity increasing by 6.5% compared to 2022, primarily due to a decline in data center operations[108] - Direct energy consumption in 2023 was 111,791 kWh, while indirect energy consumption was 10,260,443 kWh, resulting in a total energy consumption of 10,372,234 kWh[108] - Total CO2 equivalent emissions in 2023 were 4,103,267 kg, a decrease from 4,319,103 kg in 2022[111] - Direct CO2 emissions in 2023 were 29,312 kg, while indirect emissions from energy were 4,001,573 kg[111]

Revenue Performance - Satellite transponder capacity revenue decreased by 14.3% to HKD 737,997,000 compared to HKD 861,299,000 in the previous year[2] - Total revenue from satellite broadcasting and telecommunications services fell by 9.2% to HKD 3,979,000 from HKD 4,381,000[2] - Revenue for the year ended December 31, 2023, was HKD 833,975,000, a decrease of 11.7% compared to HKD 944,305,000 in 2022[24] - Revenue from satellite broadcasting and telecommunications services decreased to HKD 3,979,000 from HKD 4,381,000, a decline of about 9.2%[110] - Revenue from a major customer accounted for over 10% of total revenue, generating HKD 225,319,000 in 2023, down from HKD 275,800,000 in 2022[111] - Revenue by region for 2023: Hong Kong HKD 133,446,000, Greater China HKD 350,258,000, Southeast Asia HKD 257,579,000, and Other Regions HKD 92,692,000, compared to HKD 93,016,000, HKD 429,698,000, HKD 323,243,000, and HKD 98,348,000 in 2022[113] Profitability - Total net income for the year ended December 31, 2023, was HKD 237,654,000, a slight increase from HKD 231,610,000 in 2022[14] - The company reported a net profit attributable to shareholders of HKD 237,654,000, an increase of 2.6% from HKD 231,610,000 in 2022[24] - Gross profit decreased by 21.9% to HKD 355,565,000 from HKD 455,050,000 in the previous year[24] - EBITDA for 2023 was HKD 668,880,000, down 12.6% from HKD 765,102,000 in 2022, with an EBITDA margin of 80.2%[24] - The company’s operating profit for the year was HKD 343,800,000, slightly down from HKD 354,174,000 in 2022, reflecting stable operational performance despite revenue decline[92] - The total comprehensive income for the year was HKD 218,382,000, compared to HKD 169,500,000 in 2022, indicating a significant improvement[94] Financial Position - The group's total liabilities decreased to HKD 1,004,523,000, down HKD 55,332,000 from the previous year, resulting in a debt-to-asset ratio of 14.2%, a decrease of 0.7 percentage points[10] - Total cash and bank balances increased by 22.8% to HKD 2,148,555,000 from HKD 1,749,738,000 in 2022[24] - Total assets decreased slightly by 0.6% to HKD 7,085,442,000 compared to HKD 7,126,678,000 in the previous year[24] - Total liabilities decreased by 5.2% to HKD 1,004,523,000 from HKD 1,059,855,000 in 2022[24] - The company maintained a strong cash position with a current ratio of 9.80 times, up from 9.72 times in the previous year[24] - The company holds cash and bank balances of HKD 2,148,555,000, with 95.54% in USD, indicating strong liquidity for future investments[59] Capital Expenditures and Investments - Capital expenditures for property, plant, and equipment increased to HKD 17,182,000 from HKD 11,264,000 in the previous year[7] - The company has secured financing of up to USD 85,600,000 (equivalent to HKD 667,680,000) from Bank of China (Hong Kong) for its subsidiary[9] - The company has established or acquired gateway station capabilities in Hong Kong, Australia, Indonesia, and Malaysia to support high-throughput satellite services[67] - The company plans to expand into high-throughput satellite communication markets and enhance satellite video integrated services[22] Taxation and Financial Costs - Tax expenses fell to HKD 41,367,000 from HKD 55,657,000 in 2022[55] - Total tax expense for 2023 was HKD 41,367,000, compared to HKD 55,657,000 in 2022, reflecting a decrease in tax liabilities[118] - The effective tax rate for Hong Kong profits tax remained at 16.5% for both 2023 and 2022[119] - Financial costs decreased to HKD 5,765,000 from HKD 7,013,000 in 2022, primarily due to reduced interest on lease liabilities[52] Other Income and Expenses - The company reported a significant increase in other net income, rising by 895.3% to HKD 88,461,000[50] - Interest income from bank deposits increased significantly to HKD 87,597,000 in 2023 from HKD 26,280,000 in 2022[114] - The company experienced a foreign exchange loss of HKD 2,155,000 in 2023, an improvement from a loss of HKD 26,406,000 in 2022[114] - Other income for 2023 was HKD 1,928,000, down from HKD 5,739,000 in 2022[114] Dividends - The company declared a final dividend of HKD 134,643,000 after the reporting period[33] - The company declared an interim cash dividend of HKD 0.05 per ordinary share for the year, and a proposed final cash dividend of HKD 0.145 per ordinary share for the fiscal year ending December 31, 2023, compared to HKD 0.17 in 2022[86] - The company declared a dividend of HKD 46,429,000 for the current year[100] Market Conditions and Future Outlook - The market for satellite transponders remains competitive with continued oversupply and declining rental prices expected in 2024[21] - The company successfully launched the Asia-Pacific 6E high-throughput satellite in January 2023, which is expected to provide services in 2024[66] - The company achieved positive business growth in the mainland China and Southeast Asia markets despite challenging market conditions[69] Asset Management - The company has a strong asset base with non-current assets totaling HKD 4,796,306,000 as of December 31, 2023, compared to HKD 5,262,248,000 in 2022[96] - Net asset value increased to HKD 6,080,919,000 from HKD 6,066,823,000, reflecting a growth of about 0.2%[98] - Total equity increased to HKD 6,080,919,000 from HKD 6,066,823,000, reflecting a growth of about 0.2%[100] Miscellaneous - The company did not report any significant new product launches or technological advancements during the period[111] - There were no major mergers or acquisitions reported in the financial year ending December 31, 2023[111]

Financial Performance - For the six months ended June 30, 2023, the company's revenue was HKD 419,728,000, a decrease of 15.79% compared to HKD 498,402,000 for the same period in 2022[10]. - EBITDA for the same period decreased by 16.57% to HKD 344,769,000, with an EBITDA margin dropping from 82.9% to 82.1%[4]. - The company's net profit attributable to shareholders decreased by 11.94% to HKD 117,829,000[10]. - Gross profit for the same period was HKD 187,812,000, down 25.3% from HKD 251,454,000 in the previous year[80]. - Operating profit decreased to HKD 172,117,000, compared to HKD 195,185,000 in the prior year, reflecting a decline of 11.8%[80]. - The company's profit for the six months ended June 30, 2023, was HKD 117,829,000, a decrease of 11.9% compared to HKD 133,808,000 for the same period in 2022[104]. - Total comprehensive income for the period was HKD 85,631,000, down from HKD 98,756,000 in the previous year, reflecting a decline of 13.3%[104]. - Basic earnings per share for the period is 0.127 HKD, down from 0.144 HKD in the same period last year, with a weighted average of 928,573,000 shares issued[24]. Revenue Breakdown - Revenue from satellite transponder capacity decreased by 17.64% to HKD 376,370,000, while revenue from satellite broadcasting and telecommunications services decreased by 12.03% to HKD 1,952,000[8]. - Revenue from a major customer accounted for over 10% of total revenue, amounting to HKD 110,764,000 for the six months ended June 30, 2023[60]. - Revenue by region for the six months ended June 30, 2023, included HKD 65,202,000 from Hong Kong, HKD 181,092,000 from Greater China, HKD 127,805,000 from Southeast Asia, and HKD 45,629,000 from other regions[62]. - Revenue from satellite transponder capacity and telecommunications services from subsidiaries was HKD 145,854 thousand for the six months ended June 30, 2023, down 20.7% from HKD 183,798 thousand in the same period of 2022[51]. Expenses and Costs - Tax expenses for the six months ended June 30, 2023, were HKD 22,022,000, down from HKD 34,456,000 in the same period last year, primarily due to reduced provisions for Hong Kong profits tax and overseas taxes[3][19]. - The company recorded a foreign exchange loss of HKD 32,198,000 for the period, compared to a loss of HKD 35,731,000 in the previous year[104]. - The company paid dividends amounting to HKD 155,562,000 during the financing activities, compared to HKD 187,590,000 in the previous year, indicating a decrease of 17.1%[113]. Assets and Liabilities - As of June 30, 2023, total liabilities were HKD 1,029,716,000, a decrease of HKD 30,139,000 from December 31, 2022[70]. - The asset-liability ratio improved to 14.7%, down 0.2 percentage points from December 31, 2022[70]. - Non-current assets decreased to HKD 5,008,577,000 as of June 30, 2023, from HKD 5,262,248,000 at the end of 2022, representing a reduction of 4.8%[106]. - Current assets increased to HKD 2,015,736,000, up from HKD 1,864,430,000, marking an increase of 8.1%[106]. - The company's total assets less current liabilities stood at HKD 6,812,300,000, a slight decrease from HKD 6,934,834,000 at the end of 2022, down by 1.8%[108]. - The equity attributable to the owners of the company was HKD 5,994,597,000, down from HKD 6,066,823,000, representing a decrease of 1.2%[108]. Cash Flow and Investments - The company recorded a net cash outflow of HKD 229,278,000, an improvement from HKD 400,725,000 in the previous year[71]. - The net cash generated from operating activities was HKD 205,260,000, compared to HKD 223,398,000 in the previous year, indicating a decrease of 8.1%[113]. - Cash and cash equivalents as of June 30, 2023, amount to 246,256 thousand HKD, down from 480,535 thousand HKD as of December 31, 2022[41]. - The company has cash and bank balances of HKD 1,809,461,000, with 93.36% in USD[71]. - The company has committed to invest 600 million RMB (approximately 736 million HKD) in Asia-Pacific Satellite Broadband Communication (Shenzhen) Co., Ltd., holding a 30% equity stake[35]. - The company has also committed to invest 6 million USD (approximately 46.8 million HKD) in Asia-Pacific Satellite Link Co., Ltd., holding a 20% equity stake[36]. Corporate Governance and Compliance - The company has complied with the corporate governance code, except for certain deviations regarding the tenure of independent non-executive directors[91]. - The audit and risk management committee reviewed the interim financial report for the six months ending June 30, 2023[95]. - The company’s financial data is prepared in accordance with International Financial Reporting Standards and Hong Kong Financial Reporting Standards[97]. - The company has not identified any significant issues that would lead to non-compliance with accounting standards in its interim financial data[101]. - The company’s directors confirmed compliance with the standards of conduct regarding securities trading during the reporting period[93]. Dividends - The interim dividend proposed for ordinary shares is 5.00 cents per share, unchanged from the previous year, amounting to 46,429 thousand HKD[23]. - The interim dividend declared after the reporting period totaled HKD 46,429,000[67]. - The board declared an interim dividend of HKD 0.050 per share, consistent with the previous year's interim dividend[143]. Satellite Operations - The satellite fleet includes APSTAR 5C, APSTAR 6C, APSTAR 7, APSTAR 9, and APSTAR 6D, providing extensive coverage to over 75% of the global population[144]. - APSTAR 5C satellite, in collaboration with Telesat Canada, has 63 transponders and covers the entire Asia-Pacific region[146]. - APSTAR 6C satellite is equipped with 45 transponders and covers the entire Asia-Pacific region[147]. - APSTAR 7 satellite has 56 transponders and provides coverage to the Asia-Pacific, Middle East, Africa, and parts of Europe[148]. - APSTAR 9 satellite features 46 transponders and covers the entire Asia-Pacific region[149]. Future Outlook - The company plans to expand its high-throughput satellite communication market and services, including satellite video integration services and frequency resource management[157]. - The satellite transponder rental market remains under pressure, with a continued oversupply and declining rental prices expected[154]. - The company is actively developing new markets in mainland China and Southeast Asia, achieving positive growth in business volume[154]. - The company is set to complete the Asia-Pacific 6E satellite project and the construction of ground facilities in Hong Kong, enhancing its service capabilities[157].

Financial Performance - For the six months ended June 30, 2023, the group's revenue was HKD 419,728,000, a decrease of 15.79% compared to HKD 498,402,000 for the same period in 2022[20] - The group's net profit attributable to shareholders for the same period was HKD 117,829,000, down 11.94% from HKD 133,808,000 in the previous year[20] - Gross profit declined by 25.31% to HKD 187,812,000 from HKD 251,454,000 year-on-year[41] - EBITDA for the period decreased by 16.57% to HKD 344,769,000, with an EBITDA margin of 82.1%, down from 82.9%[49] - Operating profit for the six months ended June 30, 2023, was HKD 172.117 million, compared to HKD 195.185 million for the same period in 2022[79] - Total comprehensive income for the six months ended June 30, 2023, was HKD 85,631,000, compared to HKD 98,756,000 for the same period in 2022, representing a decrease of approximately 13%[96] - The company reported a pre-tax profit of HKD 32,133,000 for the six months ended June 30, 2023, compared to a loss of HKD 6,341,000 in the same period of 2022[123] Cash and Liquidity - The total cash and bank balances as of June 30, 2023, were HKD 1,809,461,000, reflecting an increase of 3.41% from HKD 1,749,738,000[6] - The group recorded a net cash outflow of HKD 229,278,000, which included a net cash inflow from operating activities of HKD 205,260,000[52] - The net cash and bank balances held by the group amounted to HKD 1,809.461 million, with 93.36% denominated in USD, indicating a strong liquidity position to support future investments[87] - The company’s cash and cash equivalents as of June 30, 2023, totaled HKD 246,256,000, a decrease from HKD 480,535,000 as of December 31, 2022[163] Assets and Liabilities - The total assets decreased by 1.44% to HKD 7,024,313,000 from HKD 7,126,678,000[6] - As of June 30, 2023, the group's total liabilities decreased to HKD 1,029.716 million, a reduction of HKD 30.139 million compared to December 31, 2022, resulting in a debt-to-asset ratio of 14.7%, down by 0.2 percentage points[75] - The total equity of the group as of June 30, 2023, was HKD 5,994.597 million, a slight decrease from HKD 6,066.823 million at the end of 2022[95] Revenue Breakdown - Revenue for the six months ended June 30, 2023, was HKD 65,202,000 from Hong Kong, HKD 181,092,000 from Greater China, HKD 127,805,000 from Southeast Asia, and HKD 45,629,000 from other regions, compared to HKD 45,111,000, HKD 235,747,000, HKD 170,597,000, and HKD 46,947,000 respectively for the same period in 2022[122] - Revenue from satellite transponder capacity for the six months ended June 30, 2023, was HKD 376,370,000, down from HKD 456,962,000 in 2022, indicating a decline of about 17.5%[107] - Revenue from satellite broadcasting and telecommunications services decreased to HKD 1,952,000 in 2023 from HKD 2,219,000 in 2022, a drop of approximately 12%[107] - For the six months ended June 30, 2023, the revenue from satellite transponder capacity and satellite telecommunications services from subsidiaries was HKD 145,854,000, a decrease of 20.7% compared to HKD 183,798,000 in the same period of 2022[180] Dividends - The group declared an interim dividend of HKD 0.05 per share, consistent with the previous year[8] - The company approved a dividend of HKD 157,857,000 for the year, compared to HKD 190,357,000 in the previous year, representing a decrease of about 17%[96] - The company declared an interim dividend totaling HKD 46,429,000 after the reporting period[149] Investments and Future Plans - The group plans to launch the Asia-Pacific 6E high-throughput satellite in early 2024, which is expected to enhance broadband satellite services[35] - The group plans to expand its traditional satellite resource leasing business while exploring high-throughput satellite communication markets[38] - The group aims to enhance its competitive and service capabilities by completing the Asia-Pacific 6E satellite project and expanding into new satellite project investments[38] - The company has committed to contribute HKD 736,000,000 to establish Asia-Pacific Satellite Broadband Communication (Shenzhen) Co., Ltd., holding a 30% equity stake[136] - The company has committed to invest $6,000,000 (equivalent to HKD 46,800,000) for a 20% stake in Asia Pacific Starlink Satellite Co., which has a total registered capital of $30,000,000 (equivalent to HKD 234,000,000) as of August 31, 2021[137] Market Conditions - The group anticipates continued pressure on the market due to oversupply in the satellite transponder market and economic challenges in various regions[38] Employee and Governance - As of June 30, 2023, the group had 107 employees, a slight decrease from 109 employees as of June 30, 2022[184] - The group has complied with the Corporate Governance Code, except for the appointment of a new independent non-executive director, which was challenging due to the need for suitable candidates[186]

Financial Performance - The group's revenue for the fiscal year ended December 31, 2022, was HKD 944,305,000, an increase of HKD 16,498,000 or 1.8% compared to HKD 927,807,000 in 2021[10] - The net profit attributable to shareholders for 2022 was HKD 231,610,000, a decrease of 12.1% from HKD 263,382,000 in 2021[60] - The basic earnings per share for 2022 was HKD 0.2494, down from HKD 0.2836 in 2021, reflecting a decline of 12.1%[60] - The EBITDA for 2022 was HKD 765,102,000, up 4.3% from HKD 733,826,000 in 2021, with an EBITDA margin of 81.0%[60] - Revenue from satellite transponder capacity was HKD 861,299,000, up 1.6% from HKD 847,388,000 in the previous year[88] Cash and Financial Position - The group held approximately HKD 1,749,738,000 in cash and bank deposits as of December 31, 2022, ensuring a stable financial position[23] - The total cash and bank balances as of December 31, 2022, amounted to HKD 1,749,738,000, representing an increase of 28.3% from HKD 1,363,964,000 in 2021[60] - The group maintains a low level of debt, allowing for potential external borrowing if necessary in the future[23] - The group’s total liabilities decreased to HKD 1,059,855,000, down 8.7% from HKD 1,161,255,000 in 2021, resulting in a debt-to-asset ratio of 14.9%[60] - The company has no outstanding principal balance on a USD 12,000,000 revolving loan as of December 31, 2022[68] Dividends - The board declared a final cash dividend of HKD 0.17 per ordinary share for the fiscal year ended December 31, 2022, down from HKD 0.2050 per share in 2021[11] - The company has adopted a dividend policy based on financial condition, business outlook, future income, cash flow, and other specified factors[200] Business Development and Strategy - The group has successfully implemented the Asia-Pacific 6D satellite project, enhancing its competitive edge with advanced technology and a wider range of services[27] - The group is focusing on developing more Ku, Ka band, and high-throughput payload transponders to mitigate the impact of 5G on current satellite frequency usage[25] - The group achieved a positive business growth in markets such as mainland China and Southeast Asia despite facing significant market competition[46] - The group has a total capital commitment of USD 26,842,000 (approximately HKD 209,370,000) for developing gateway facilities and investing in joint ventures[23] Corporate Governance - The company has established an internal control and risk management committee to enhance risk and compliance management[105] - The board confirmed compliance with all relevant regulations and guidelines in all material aspects for the fiscal year 2022[101] - The board has established audit, risk management, nomination, and remuneration committees to ensure high standards of corporate governance[77] - The company emphasizes transparency in the remuneration process to prevent conflicts of interest among directors[111] - The independent non-executive directors are responsible for ensuring corporate governance standards are met[111] Board Composition and Diversity - The board consists of two executive directors, six non-executive directors, and four independent non-executive directors[107] - The board's current composition includes 1 director aged 30-49, 6 directors aged 50-59, and 6 directors aged 60 and above, with 100% male representation[153] - The company emphasizes the importance of board diversity for maintaining competitive advantage and has established a diversity policy since August 26, 2013[154] - The company plans to appoint at least one female director by December 31, 2024, as part of its board diversity policy[125] - The nomination committee regularly reviews the board's structure and composition to ensure a balanced diversity profile[150] Risk Management and Internal Controls - The company has implemented a robust internal control system based on the COSO framework, with annual reviews to ensure effectiveness[171] - The internal control and risk management committee conducted an annual review of the effectiveness of the internal control system and risk management for the year 2022[191] - The internal audit team independently tested and assessed the effectiveness of selected internal controls, with results reviewed by the audit and risk management committee[191] - No significant control failures were reported for the year ending December 31, 2022, indicating strong internal monitoring[173] - The company has a whistleblower protection policy in place to prevent corruption and bribery within the organization[175] Employee Development and Training - The company continues to prioritize employee training and development to enhance governance and compliance with legal regulations[185] - The company has implemented training programs for directors to enhance their knowledge and skills regarding corporate governance[128] Meeting Attendance and Performance - The attendance record for board meetings shows that the chairman attended 4 out of 4 meetings, while some directors had perfect attendance[109] - The remuneration committee held three meetings in 2022 to review the remuneration policies and performance of directors and senior management[111] - The nomination committee also held three meetings in 2022, focusing on the appointment and reappointment of directors[117] - The board of directors held four meetings and one annual general meeting in 2022[123]

Financial Performance - The company's revenue for the fiscal year ended December 31, 2022, was HKD 944,305,000, an increase of 1.8% compared to HKD 927,807,000 in 2021[18]. - The company's profit before tax for 2022 was HKD 287,267,000, a decrease of 9.9% from HKD 318,910,000 in 2021[19]. - The profit attributable to shareholders for 2022 was HKD 231,610,000, down 12.1% from HKD 263,382,000 in 2021[19]. - Gross profit for 2022 was HKD 455,050,000, reflecting a 1.9% increase from HKD 446,396,000 in the previous year[32]. - EBITDA for 2022 was HKD 765,102,000, up 4.3% from HKD 733,826,000 in 2021, with an EBITDA margin of 81.0%[32][33]. - The company faced a 12.1% decline in net profit attributable to shareholders, which was HKD 231,610,000 compared to HKD 263,382,000 in 2021[32]. - The company's basic earnings per share for the year 2022 was HKD 231,610,000, down from HKD 263,382,000 in 2021, indicating a decline of 12.1%[88]. - The company's total tax expenses for the year 2022 amounted to HKD 55,657,000, slightly up from HKD 55,528,000 in 2021, reflecting a year-over-year increase of 0.2%[84]. Revenue Sources - The satellite transponder capacity revenue was HKD 861,299,000, up 1.6% from HKD 847,388,000 in 2021[14]. - The revenue from satellite broadcasting and telecommunications services was HKD 4,381,000, down 6.5% from HKD 4,684,000 in 2021[14]. - The group's revenue from satellite transponder capacity and related services accounted for over 90% of total income for the years ended December 31, 2022, and 2021[96]. - Revenue for the year ended December 31, 2022, was HKD 944,305,000, an increase of 1.8% compared to HKD 927,807,000 in 2021[32]. Dividends - The company declared a final cash dividend of HKD 0.17 per share for the fiscal year ended December 31, 2022, compared to HKD 0.205 per share in 2021[21]. - The interim dividend declared for the year was HKD 5.00 per share, an increase from HKD 4.00 per share in the previous year, resulting in a total payout of HKD 46,429,000 compared to HKD 37,143,000 in 2021, representing a 25.5% increase[86]. - The proposed final dividend for the year is HKD 17.00 per share, down from HKD 20.50 per share in 2021, leading to a total proposed payout of HKD 157,857,000 compared to HKD 190,357,000 in the previous year, a decrease of 17.1%[86]. Assets and Liabilities - Total liabilities decreased to HKD 1,059,855,000, down HKD 101,400,000 from the previous year, resulting in a debt-to-asset ratio of 14.9%, a decrease of 1.0 percentage points[40]. - The total cash and bank balances amounted to HKD 1,749,738,000, reflecting a 28.3% increase from HKD 1,363,964,000[53]. - The total assets decreased by 2.3% to HKD 7,126,678,000, down from HKD 7,295,364,000[53]. - The company's equity as of December 31, 2022, was HKD 6,066,823,000, compared to HKD 6,134,109,000 in 2021, indicating a decrease of 1.1%[92]. - Non-current assets as of December 31, 2022, totaled HKD 4,185,970,000, a decrease from HKD 4,564,484,000 in 2021, reflecting a decline of 8.3%[90]. - Current assets decreased to HKD 5,262,248,000 in 2022 from HKD 5,766,823,000 in 2021, representing a decline of 8.7%[90]. - The company's total assets less current liabilities amounted to HKD 6,934,834,000 in 2022, down from HKD 7,065,430,000 in 2021, a decrease of 1.9%[90]. Cash Flow and Investments - The group recorded a net cash outflow of HKD 221,312,000, compared to a net cash inflow of HKD 88,810,000 in 2021[63]. - The company holds cash and bank deposits totaling HKD 1,749,738,000, with 76.82% in USD, indicating strong liquidity for future investments[41]. - The company reported a significant increase in interest income from bank deposits, rising by 48.7% to HKD 28,309,000[35]. - Interest income from bank deposits increased to HKD 26,280,000 in 2022 from HKD 13,649,000 in 2021, representing a growth of 92%[99]. - The company is actively exploring new satellite project investments and business areas to maintain stable growth amid challenging market conditions[30][50]. Operational Developments - The company has successfully launched the Asia-Pacific 6E high-throughput satellite in January 2023, expected to provide services by the end of 2023 to early 2024[8]. - The company has established or acquired gateway station capabilities in Hong Kong, Australia, Indonesia, and Malaysia to support high-throughput satellite services[8]. - The company continues to expand its service offerings, including satellite television broadcasting, telecommunications services, and data center services[11]. - The satellite transponder market remains under pressure, with declining rental prices and subdued demand due to oversupply and global chip shortages[10]. - The company plans to expand its satellite resources and high-throughput satellite communication market, enhancing its service capabilities and competitiveness[30]. Foreign Exchange and Impairments - The company recorded a foreign exchange loss of HKD 26,406,000, a significant decline compared to a gain of HKD 17,681,000 in the previous year[35]. - The group reported a loss of HKD 26,406,000 from foreign currency exchange in 2022, compared to a gain of HKD 17,681,000 in 2021[99]. - The company reported a foreign exchange loss of HKD 62,138,000 in 2022, contributing to a total comprehensive income of HKD 169,500,000, down from HKD 407,174,000 in 2021[92]. - The group did not recognize any impairment loss on intangible assets with indefinite useful lives for the years ended December 31, 2022, and 2021[106]. Employee and Corporate Governance - The group employed 113 staff as of December 31, 2022, and continues to provide on-the-job training for employees[115]. - The company has maintained compliance with the Corporate Governance Code, with no share buybacks during the reporting period[138]. - The company celebrated its 30th anniversary in 2022, attributing its success to customer support and employee efforts[145].

Financial Performance - For the first half of 2022, the group's revenue was HKD 498,402,000, an increase of 10.75% compared to HKD 450,039,000 in the same period last year[9]. - Shareholders' profit attributable to the company was HKD 133,808,000, up 11.06% from HKD 120,478,000 in the previous year[9]. - Basic and diluted earnings per share were both HKD 0.1441, compared to HKD 0.1297 for the same period last year[9]. - EBITDA for the same period rose by 10.28% to HKD 413,245,000, while the EBITDA margin slightly decreased from 83.3% to 82.9%[33]. - The company reported a profit of HKD 133,808,000 for the six months ended June 30, 2022, representing an increase of 11.5% compared to HKD 120,478,000 in the same period of 2021[44]. - Total comprehensive income for the period was HKD 98,756,000, a significant decrease of 59.5% from HKD 243,301,000 in the previous year[44]. - The company’s trade receivables increased significantly to HKD 279,261,000, up 99.9% from HKD 139,540,000 year-over-year[46]. - The company’s pre-tax profit was impacted by net losses of HKD 6,301,000 and foreign exchange losses of HKD 1,330,000[59]. Dividends - The board declared an interim dividend of HKD 0.050 per share, an increase from HKD 0.040 per share in the previous year[10]. - The interim dividend proposed for the six months ended June 30, 2022, is HKD 0.05 per share, an increase from HKD 0.04 per share in 2021, totaling HKD 46,429,000 compared to HKD 37,143,000 in the previous year[64]. - The company paid dividends amounting to HKD 8,370,000, an increase from HKD 5,603,000 in the previous year[46]. Revenue Sources - Revenue from satellite transponder capacity increased by 10.13% to HKD 456,962,000, while revenue from satellite broadcasting and telecommunications services decreased by 6.45% to HKD 2,219,000[27]. - Revenue from satellite transponder capacity was HKD 456,962,000, up from HKD 414,919,000, indicating a growth of 10.1% year-over-year[57]. - The company generated HKD 235,747,000 in revenue from the Greater China region, an increase from HKD 207,152,000 in the previous year, reflecting a growth of 13.8%[56]. - Revenue from satellite transponder capacity and satellite telecommunications services from subsidiaries reached 183,798 thousand for the six months ended June 30, 2022, up from 143,791 thousand in the previous year[87]. Assets and Liabilities - The total cash and bank balance as of June 30, 2022, was HKD 1,372,977,000, reflecting a slight increase of 0.66% from HKD 1,363,964,000[25]. - The total liabilities of the group as of June 30, 2022, amounted to HKD 1,169,849,000, an increase of HKD 8,594,000 compared to the previous year[35]. - The company's non-current assets decreased to HKD 5,526,836,000 from HKD 5,766,823,000, reflecting a decline of 4.2%[46]. - Current assets increased to HKD 1,685,521,000, up 10.3% from HKD 1,528,541,000 year-over-year[46]. - The asset-liability ratio increased to 16.2% from 15.9% year-on-year, indicating a slight increase in financial leverage[25][26]. - The company’s total equity as of June 30, 2022, was HKD 6,042,508,000, down from HKD 6,134,109,000, a decline of 1.5%[47]. Cash Flow - The net cash outflow for the six months ended June 30, 2022, was HKD 400,725,000, which included a net cash inflow from operating activities of HKD 223,398,000[36]. - The net cash generated from operating activities was HKD 223,398,000, compared to HKD 151,730,000 in the previous year, indicating a growth of 47.1%[50]. - The company experienced a net decrease in cash and cash equivalents of HKD 400,725,000, compared to a decrease of HKD 1,308,000 in the prior year[50]. - Cash and cash equivalents totaled 291,930 thousand as of June 30, 2022, down from 701,847 thousand as of December 31, 2021[79]. Corporate Governance - The group continues to maintain strict corporate governance standards, particularly in internal controls and regulatory compliance[23]. - The company has complied with the Corporate Governance Code during the six-month period ending June 30, 2022, with the exception of the provision regarding the rotation of the chairman and CEO[98]. - The company’s board of directors has confirmed compliance with the standards of the code of conduct regarding securities transactions during the period from January 1, 2022, to June 30, 2022[99]. - The Audit and Risk Management Committee reviewed the accounting principles and practices adopted by the group during the six-month period ending June 30, 2022[101]. Market Conditions - The group is facing increased market expansion pressure in the satellite transponder leasing business due to ongoing competition and the impact of COVID-19[21]. - The company plans to expand its traditional satellite resource leasing business while also exploring new satellite project investments and business areas[21]. Investments and Commitments - The company has committed to invest HKD 736,000,000 in Asia-Pacific Satellite Broadband Communication (Shenzhen) Co., Ltd., maintaining its 30% equity stake in the venture[74]. - The company has unprovided capital commitments of 215,683 thousand as of June 30, 2022, compared to 223,658 thousand as of December 31, 2021[86]. Review and Compliance - The review findings are based on the agreed terms outlined in the engagement letter[103]. - The firm does not express an audit opinion on the interim financial information[105]. - The report emphasizes the limited scope of the review compared to a full audit[104].

Financial Performance - The revenue for the fiscal year ended December 31, 2021, was HKD 927,807,000, an increase of HKD 38,576,000 or 4.3% compared to HKD 889,231,000 in 2020[16] - The profit before tax for 2021 was HKD 318,910,000, up by HKD 37,463,000 or 13.3% from HKD 281,447,000 in 2020[17] - The profit attributable to shareholders for 2021 was HKD 263,382,000, representing an increase of HKD 31,290,000 or 13.8% compared to HKD 231,462,000 in 2020[18] - The basic and diluted earnings per share for 2021 were HKD 0.2836, compared to HKD 0.2488 in 2020[18] - The company's net profit attributable to shareholders for 2021 was HKD 263,382,000, up from HKD 231,462,000 in 2020[37] - Gross profit increased by 13.4% to HKD 446,396,000 in 2021 from HKD 393,819,000 in 2020[52] - EBITDA for 2021 was HKD 733,826,000, reflecting an 8.5% increase compared to HKD 676,106,000 in 2020[52] - Other net income decreased to HKD 43,957,000, a decline of 30.3% from HKD 63,070,000 in 2020, primarily due to a reduction in insurance and other compensation income[55] Dividends - The company declared an interim cash dividend of HKD 0.04 per share and a proposed final cash dividend of HKD 0.205 per share for the fiscal year 2021[19] - The board proposed a final dividend, details of which are included in the consolidated financial statements[70] Assets and Liabilities - The company has a cash and bank deposit balance of approximately HKD 1,363,964,000 as of December 31, 2021[38] - The company's total assets increased by 1.4% to HKD 7,295,364,000 in 2021 from HKD 7,195,891,000 in 2020[52] - Total liabilities as of December 31, 2021, were HKD 1,161,255,000, a decrease of HKD 94,129,000 from the previous year, resulting in a debt-to-asset ratio of 15.9%, down 1.5 percentage points[64] - The debt-to-asset ratio improved to 15.9% in 2021 from 17.4% in 2020, a decrease of 1.5 percentage points[52] Market Expansion and Operations - The company is actively expanding its market presence in mainland China and Southeast Asia, achieving positive growth in business volume despite a challenging market environment[30] - The company is set to launch the AsiaSat 6E satellite in 2023, which will enhance its broadband satellite services[28] - The company has established ground station facilities in Hong Kong, Australia, Indonesia, and Malaysia to support high-throughput satellite operations[29] - The company aims to explore new satellite project investments and expand into new business areas to enhance its competitive and service capabilities[32] Corporate Governance - The company maintains high standards of corporate governance and oversight by the board[86] - The board has established various committees, including an audit and risk management committee, to ensure high standards of corporate governance[75] - The board is responsible for ensuring the company maintains robust internal controls to protect shareholder investments and company assets[112] - The company has established an insider information policy to ensure timely and effective disclosure to the public in accordance with relevant laws and regulations[118] Environmental, Social, and Governance (ESG) - The company emphasizes environmental protection, social responsibility, and corporate governance (ESG), adhering to the guidelines set forth by the stock exchange[129] - The company has identified 39 significant ESG issues through stakeholder consultations and ranked them based on a survey conducted among internal and external stakeholders[134] - The top 10 significant ESG issues include operational compliance, quality management, and customer privacy protection, with operational compliance ranked first[135] - The company has made progress in controlling waste generation and radiation emissions from its satellite ground stations[127] Employee Welfare and Training - The group reported zero work-related injuries in 2021, maintaining a work injury rate of 0%[142] - The group provided annual health checks for employees to promote health awareness and compliance with safety regulations[141] - The group emphasizes employee training, providing both internal and external training programs to enhance skills and knowledge[145] - The number of employees receiving training increased to 96 in 2021, representing 87.3% of the workforce, up from 100 employees or 90.9% in 2020[146] Environmental Impact - The company reported a slight decrease of 0.17% in nitrogen oxide emissions in 2021 compared to 2020, with total emissions recorded at 53,806.92 grams[173] - Total greenhouse gas emissions rose by 11.89% in 2021, amounting to 5,425,536 kg CO2 equivalent, attributed to higher electricity consumption[177] - The company aims to further reduce the use of gasoline vehicles and consider electric vehicles to protect the environment[171] - The company continues to monitor environmental impacts related to satellite launches, which are regulated by national licenses and third-party insurance[195]

· 全球直播 by APT Satellite 亞 太 衛 星 控 股 有 限 公 司 (於百慕煊註冊成立之有限公司) (股份代號: 1045) 中期報告2021 如欲索取進一步資料，請聯絡我們： 地址： 香港新界大埔大埔工業邨大貴街22號 電話： +852 2600 2100 傳真： +852 2522 0419 電郵： investors@apstar.com（投資者關係部） aptmk@apstar.com（市場及銷售部） 網址： www.apstar.com 公司簡介 亞太衛星控股有限公司（「本公司」）（股份代號1045）為香港聯合交易所有限公司上市之公司，全資 擁有亞太通信衛星有限公司（本公司及其附屬子公司統稱為「亞太衛星集團」）。 亞太衛星集團自一九九二年開始營運，現運營亞太5C、亞太6C、亞太7號和亞太9號衛星，並通過聯 營公司亞太衛星寬帶通信（深圳）有限公司運營亞太6D衛星。亞太衛星系统覆蓋亞洲、歐洲、非洲 和澳大利亞等全球約75%人口之地區，為廣播和電信客戶提供優質的衛星轉發器、衛星通信與衛星 電視廣播傳輸服務。 亞太衛星集團擁有先進的亞太衛星系統，提供周致和高品質的服務，使亞太衛星集團成為 ...

APSTA by APT Satellite 亞 太 衛 星 控 股 有 限 公 司 · (於百慕達註冊成立之有限公司) 国 足 B 如欲索取進一步資料，請聯絡我們： 地址：香港新界大埔大埔工業邨大貴街22號 電話：+852 2600 2100 傳真：+852 2522 0419 電郵：investors@apstar.com（投資者關係部） aptmk@apstar.com（市場及銷售部） 網址：www.apstar.com 亞太衛星控股有限公司（「本公司」）（股份代號1045）為香港聯 合交易所有限公司上市之公司，全資擁有亞太通信衛星有限 公司（本公司及其附屬子公司統稱為「亞太衛星集團」）。 亞太衛星集團自一九九二年開始營運，現運營亞太5C、亞太 6C、亞太7號和亞太9號衛星，並通過聯營公司亞太衛星寬帶 通信（深圳）有限公司運營亞太6D衛星。亞太衛星系统覆蓋亞 洲、歐洲、非洲和澳大利亞等全球約75%人口之地區，為廣播 和電信客戶提供優質的衛星轉發器、衛星通信與衛星電視廣 播傳輸服務。 亞太衛星集團擁有先進的亞太衛星系統，提供周致和高品質 的服務，使亞太衛星集團成為亞太地區領先的優秀衛星運營商。 2020 ...