新意网集团(01686) - 2024 - 年度业绩

Revenue and Financial Performance - Revenue for the year ended June 30, 2024, increased by 14% to HKD 2,674 million, driven by price increases and power upgrades for existing customers, along with contributions from new data center revenues[2] - EBITDA rose by 10% year-on-year to HKD 1,849 million, reflecting strong operational performance despite increased financial costs due to high interest rates[3] - Net cash generated from operating activities (excluding working capital changes) increased by 8% to HKD 1,671 million, indicating robust cash flow management[3] - The group reported revenue of HKD 2.674 billion for the year ended June 30, 2024, an increase from HKD 2.346 billion in the previous year, with a gross profit of HKD 1.414 billion compared to HKD 1.321 billion[22] - The operating profit for the year was HKD 1.279 billion, up from HKD 1.192 billion in the previous year, while the profit attributable to shareholders was HKD 907 million, slightly up from HKD 905 million[22] - The company reported a total comprehensive income of HKD 907,188 thousand for the year, contributing to the increase in retained earnings[26] - The company’s total revenue for the year ending June 30, 2024, was HKD 2,673,501,000, compared to HKD 2,345,903,000 in 2023, representing a growth of approximately 13.9%[37] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.112 per share for the fiscal year ending June 30, 2024, with intentions to maintain or increase this amount in the next fiscal year[4] - The group plans to continue its current dividend policy, maintaining stable dividends for shareholders, supported by available financial resources including internally generated funds and available bank credit[20] - The proposed final dividend for the fiscal year ending June 30, 2024, is HKD 11.20 per share, unchanged from the previous year, with total dividends amounting to HKD 454,616,000[45] - The total dividend for the year ending June 30, 2024, is also HKD 0.112 per share, unchanged from 2023[57] Operational Developments - Demand for "hyperscale" capacity has significantly increased, particularly driven by artificial intelligence, leading to strong interest in the MEGA IDC data center from major international cloud service providers[5] - The MEGA IDC data center has commenced trial operations, attracting initial customers and demonstrating exceptional power capacity, which is among the best in Hong Kong[5] - The MEGA-i network connection hub is a key growth driver, with increasing demand for fiber interconnections despite price hikes[6] - The company has secured a 15-year renewal contract from a hyperscale customer for MEGA Plus, indicating strong demand from global cloud service providers[12] - The company has increased power capacity in its facilities to meet the growing demand for higher computing power applications driven by artificial intelligence[11] - MEGA-i currently has approximately 15,000 fiber interconnections, enhancing the company's ability to meet high-intensity power demands[11] Financial Position and Debt Management - The company maintains a healthy debt ratio of 49% when including shareholder loans, and 35% when excluding them, ensuring a solid financial position for future investments[6] - The debt ratio (net debt to equity attributable to shareholders) was 311% as of June 30, 2024, and 233% when excluding the long-term unsecured shareholder loan of HKD 4.5 billion from New World Development[19] - As of June 30, 2024, the group's bank cash deposits amounted to HKD 499 million, while bank loans totaled HKD 11.897 billion, resulting in a net bank loan of approximately HKD 11.398 billion, an increase of 4% from HKD 10.977 billion on December 31, 2023[19] - The group’s total equity as of June 30, 2024, was HKD 5.1 billion based on historical cost accounting, while independent property valuation would estimate total equity at HKD 32.2 billion, maintaining a healthy debt-to-asset ratio of 49% including shareholder loans[19] - The company is actively managing its balance sheet and capital structure to ensure cost-effective investments while meeting confirmed orders[6] Sustainability and Environmental Initiatives - The company is committed to achieving carbon neutrality and has received carbon-neutral certification for two consecutive years[9] - The new MEGA IDC and MEGA Gateway have received LEED Gold certification, reflecting the company's commitment to environmental sustainability[9] - Approximately 45% of the group's bank financing is linked to sustainability initiatives, reflecting a commitment to sustainable operations[15] - The company has begun collaborating with Sun Hung Kai Properties to utilize green electricity generated from solar photovoltaic systems[9] Employee and Corporate Governance - The group employed 487 full-time employees as of June 30, 2024, and continues to focus on employee health and safety, offering competitive compensation and regular training workshops[21] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules during the fiscal year ending June 30, 2024[63] - The company’s financial statements for the year ending June 30, 2024, were reviewed by the audit committee and audited by Deloitte, with an unmodified opinion issued[62] Market and Industry Recognition - The group won multiple industry awards, including the Best Data Center Silver Award and the Technology Development Innovation Award, recognizing its leadership in the data center industry[14]