Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 3,208,242,000, representing a 29.9% increase compared to HKD 2,470,020,000 in 2021[2] - Net profit for the year was HKD 1,734,510,000, a 25.0% increase from HKD 1,387,642,000 in 2021[2] - Operating profit rose by 5.3% to HKD 1,431,669,000, compared to HKD 1,359,849,000 in 2021[2] - The group's profit reached HKD 1.734 billion, an increase of 25.0% compared to the previous year[10] - Basic and diluted earnings per share increased to HKD 0.275 from HKD 0.220, marking a growth of 25%[74] Expenses and Costs - Total expenses increased by 56.5% to HKD 1,901,138,000 from HKD 1,214,923,000 in the previous year[2] - The company's financing costs rose to HKD 760,216 from HKD 487,927, an increase of 55.5%[74] - Depreciation expenses increased by 29.1% to HKD 476.7 million due to the addition of new vessels to the fleet[39] - Employee benefits expenses rose by 35.9% to HKD 124.7 million, reflecting increased operational activities[37] Assets and Liabilities - Total assets as of December 31, 2022, were HKD 40,520,890,000, a slight decrease of 0.9% from HKD 40,883,235,000 in 2021[3] - Total liabilities decreased by 6.2% to HKD 28,878,564,000 from HKD 30,778,769,000 in the previous year[3] - Total equity increased by 15.2% to HKD 11,642,326,000, compared to HKD 10,104,466,000 in 2021[3] Fleet and Operations - The fleet size remained stable at 158 vessels, with an average age of approximately 3.2 years[12] - The group executed 129 leasing contracts, with an average remaining lease term of approximately 7.3 years for contracts longer than one year[12] - The LNG transportation fleet expanded to 7 vessels, including 4 self-invested and 3 jointly invested[11] - The fleet's operational efficiency reached 100%, with a rental cash collection rate also at 100%[15] Financing and Debt Management - The company maintained a comprehensive financing cost of 2.6%, an increase of only 76 basis points compared to the previous year, despite a significant interest rate hike of 425 basis points by the Federal Reserve[18] - The company reduced its interest-bearing debt to HKD 27.79 billion, down HKD 2.01 billion from the beginning of the year, and improved its debt-to-asset ratio to 71.3%, a decrease of 4 percentage points year-on-year[18] - The average cost of interest-bearing liabilities increased from 1.9% to 2.6% as of December 31, 2022, reflecting rising global interest rates[66] Strategic Initiatives - The company is actively expanding into the offshore wind power sector with the signing of a contract for a 1,600-ton self-elevating wind installation platform[16] - The company has initiated a trial of biofuels on one of its MiniCape bulk carriers, aiming for significant CO2 emissions reduction[17] - The company aims to achieve breakthroughs in new business areas such as green power vessels and renewable energy equipment leasing in the coming years[24] Risk Management - The company maintains a strong risk management framework, integrating risk identification and control into its business lifecycle management[20] - The group has implemented a comprehensive risk management system to address various risks, including credit, market, and liquidity risks, ensuring alignment with business development strategies[71] Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the fiscal year ending December 31, 2022[110] - The audit committee, consisting of three independent non-executive directors, reviewed the financial statements for the fiscal year ending December 31, 2022[113] Dividends - The board proposed a final dividend of HKD 0.07 per share, alongside an interim dividend of HKD 0.03 per share, totaling approximately HKD 614 million in dividends for the year 2022[22] - The company declared a final dividend of HKD 0.07 per share, an increase from HKD 0.06 per share in the previous year, totaling HKD 429,525,000[95]

Financial Performance - For the six months ended June 30, 2022, the company reported revenue of HKD 1,504,684,000, representing a 43.3% increase compared to HKD 1,049,882,000 in the same period of 2021[9]. - Total expenses for the same period were HKD (768,783,000), a 63.3% increase from HKD (470,817,000) in 2021[9]. - Operating profit reached HKD 790,009,000, up 24.0% from HKD 636,910,000 in the previous year[9]. - Net profit for the period was HKD 906,280,000, reflecting a 36.9% increase from HKD 662,196,000 in 2021[9]. - The company reported a total comprehensive income of HKD 1,240,979 for the period, compared to HKD 825,558 in 2021, marking a 50.4% increase[104]. - The company reported a profit for the period of HKD 873,357,000, which is a significant increase from HKD 645,671,000 in the same period of the previous year, representing a growth of approximately 35.2%[108]. Assets and Liabilities - The company’s total assets as of June 30, 2022, were HKD 41,631,559,000, a 1.8% increase from HKD 40,883,235,000 at the end of 2021[13]. - Total liabilities decreased slightly to HKD 30,647,227,000, down 0.4% from HKD 30,778,769,000[13]. - Total equity increased by 8.7% to HKD 10,984,332,000 from HKD 10,104,466,000[13]. - The total amount of loans and lease receivables is HKD 22,740,497, with a net value of HKD 22,279,251 after impairment losses[145]. - The total receivables and lease receivables decreased by 0.9% from HKD 22,472.2 million to HKD 22,279.3 million[54]. Cash Flow - The net cash generated from operating activities was HKD 1,029.9 million, primarily due to the pre-tax profit generated from operations for the six months ended June 30, 2022[67]. - The net cash used in investing activities amounted to HKD 485.7 million, mainly due to payments made to shipyards during the same period[68]. - The net cash used in financing activities was HKD 697.0 million, primarily for the repayment of several bank loans[68]. - The company’s investment activities resulted in a net cash outflow of HKD 485,679,000 for the six months ended June 30, 2022, compared to a net cash outflow of HKD 1,599,606,000 in the previous year[112]. Operational Metrics - The fleet size increased to 157 vessels, with operational vessels rising from 114 to 132, a growth of 15.8% year-on-year[22]. - The utilization rate of the operational fleet reached 100%, with a rental cash collection rate also at 100%[23]. - The average return on assets improved to 4.4% from 3.9% in the previous year[17]. - The average return on equity and average return on assets were 16.7% and 4.4%, respectively, increasing by 2.6 and 0.3 percentage points compared to the same period last year[21]. Investment and Growth Strategy - The company continues to focus on cross-cycle investment strategies and expanding into green equipment and clean energy businesses[5]. - The company anticipates continued growth in LNG shipping demand due to Europe's shift away from Russian gas imports, with significant opportunities in the LNG transportation market[29]. - The company plans to enhance its focus on green shipping and clean energy investments, aligning with national carbon neutrality goals[29]. - The group has established CA SHIPPING in May 2022, investing in 2+2 units of 1,100 TEU feeder container ships, filling a gap in the self-operated container ship sector[24]. Risk Management and Corporate Governance - The group has established a comprehensive risk management system to enhance its risk response capabilities and ensure stable performance growth[74]. - The group has maintained high standards of corporate governance, adhering to the applicable provisions of the corporate governance code[78]. - The audit committee has reviewed the group's unaudited interim results for the six months ended June 30, 2022, ensuring compliance with financial reporting standards[81]. Employee and Compensation - As of June 30, 2022, the group had a total of 82 employees, with approximately 35% located in Hong Kong, and about 95% of employees holding a bachelor's degree or higher[75]. - Employee compensation for the six months ended June 30, 2022, was approximately HKD 34.7 million, compared to HKD 32.4 million for the same period in 2021, reflecting a year-over-year increase of about 7.1%[75]. - Total remuneration for key management personnel for the six months ended June 30, 2022, was HKD 10,971,000, an increase from HKD 6,855,000 in the same period of 2021[171]. Financing and Debt Management - The company has maintained a healthy debt level with a decreasing debt-to-equity ratio, indicating improved financial stability[70]. - The company continues to diversify its financing methods, including issuing various types of bonds to support green shipping projects[69]. - The company has secured loans with interest rates ranging from 3.2% to 8.0% as of June 30, 2022[147]. - The company issued two types of secured bonds in February 2020, each worth USD 400,000,000 (approximately HKD 3,112,000,000), with interest rates of 2.5% and 3.0%[159].

Financial Performance - The company reported total revenue of HKD 2,294,397,000 for the year, an increase from HKD 1,861,565,000 in the previous year, representing a growth of approximately 23.2%[8]. - The total expenses amounted to HKD 1,411,878,000, which is an increase from HKD 1,063,748,000, reflecting a rise of about 32.7%[8]. - The company reported a net profit of HKD 706,522,000 for the year, reflecting a robust operational performance despite market challenges[8]. - The company achieved a net profit of HKD 1.388 billion in 2021, representing a year-on-year growth of 24.6%[15]. - Operating profit reached HKD 1.36 billion, up 32.6% year-on-year, marking a historical peak[28]. - The average return on equity was 14.2%, while the average return on assets was 3.9%, both showing improvement year-on-year[15]. - The group reported total revenue of HKD 2,470.02 million for the year ended December 31, 2021, representing a 32.7% increase from HKD 1,861.57 million in 2020[35]. Leasing and Asset Management - The operating lease income was HKD 1,025,784,000, while the financing lease income was HKD 582,645,000, indicating strong performance in both segments[8]. - The company maintained a fleet of 158 vessels as of December 31, 2021, positioning itself among the leaders in the global ship leasing industry[5]. - The company signed 57 new leasing contracts and completed 17 contracts in 2021, with 130 contracts currently in execution[28]. - The company maintained a 100% asset utilization and rental collection rate, ensuring stable operational performance[16]. - The total value of new contracts signed in 2021 reached USD 2.09 billion, primarily involving offshore clean energy equipment and environmentally friendly vessels[16]. - The company’s fleet composition reached 158 vessels, with a 100% utilization rate of operating vessels and a 100% cash collection rate for rent[28]. Clean Energy and Sustainability - The company is focusing on clean energy business development as part of its cross-cycle investment strategy to adapt to new market conditions[5]. - The company has over 20 clean energy vessels, including LNG carriers and FSRUs, supporting its green development strategy[17]. - Clean energy offshore equipment accounted for 41.4% of the contract value, while bulk carriers, container ships, and liquid cargo ships made up 48.8%[16]. - The company is committed to sustainable development and maintaining operational stability in the face of the ongoing impacts of the COVID-19 pandemic[5]. - The company is committed to green finance principles, providing customized and flexible financing solutions for clients[19]. Market Trends and Outlook - In 2021, the global shipping trade turnover increased by 3.2%, with the Clarksons shipping index reaching an average of $28,700 per day, a 93% increase from 2020[22]. - The Baltic Dry Index (BDI) averaged 2,943 points in 2021, up 176.1% year-on-year, with spot market average daily earnings for bulk carriers increasing by 185%[22]. - The company anticipates continued recovery in the shipping market despite macroeconomic uncertainties due to the pandemic and geopolitical factors[19]. - The company anticipates a 4.0% growth in global shipping trade turnover for 2022, despite uncertainties from international events[25]. Financial Management and Governance - The group’s weighted average interest rate on borrowings decreased to 1.9% from 3.0% in the previous year, reflecting a significant reduction in financing costs[31]. - The group successfully issued USD 500 million green-blue dual-label bonds with an average coupon rate of 2.10%, marking a milestone in sustainable financing[31]. - The company has established a comprehensive risk management framework, enhancing risk identification and monitoring capabilities, resulting in a recovery of impairment losses amounting to HKD 50.96 million[32]. - The company has implemented equity incentives for senior management and key employees to enhance corporate governance and stimulate enterprise vitality[19]. - The company has established a robust governance structure with independent directors to ensure effective oversight and management[121][122]. Employee and Management Structure - The company has a strong management team with extensive experience in the shipping and finance sectors, including independent directors with backgrounds in law and finance[121][122]. - The company has established a remuneration committee to review compensation policies based on operational performance and market practices[142]. - The group employed a total of 81 employees, with approximately 96% holding a bachelor's degree or higher[141]. - Employee compensation for the year ended December 31, 2021, was approximately HKD 91.8 million, compared to HKD 49.0 million for the previous year[141]. Risk Management and Compliance - The company emphasizes risk management and internal controls, with the board responsible for approving risk management objectives and strategies[188]. - The audit committee reviewed the effectiveness of the internal control system annually and found it to be effective and adequate for the year ending December 31, 2021[188]. - The company has maintained a sufficient public float as required by the Stock Exchange and listing rules throughout the reporting year[171]. - The company has adopted the corporate governance code as per the listing rules and complied with all applicable provisions during the reporting year[175].