港灯-SS(02638) - 2024 - 年度业绩

Financial Performance - For the fiscal year ending December 31, 2024, the company reported an EBITDA of HKD 8.719 billion, up from HKD 8.033 billion in 2023, representing an increase of approximately 8.5%[4] - The profit attributable to shareholders was HKD 3.111 billion, slightly down from HKD 3.156 billion in 2023, indicating a decrease of about 1.4%[4] - Revenue for the year ended December 31, 2024, was HKD 12,057 million, an increase of 5.7% from HKD 11,406 million in 2023[24] - Operating profit rose to HKD 5,488 million, up 10.3% from HKD 4,976 million in the previous year[24] - Profit before tax increased to HKD 4,080 million, representing a 12.8% growth compared to HKD 3,616 million in 2023[24] - Net profit after tax was HKD 3,339 million, a 12.4% increase from HKD 2,970 million in 2023[24] - The comprehensive profit attributable to unit holders for 2024 is HKD 3.11 billion, a decrease of 1.42% from HKD 3.16 billion in 2023[15] Electricity Sales and Operations - The total electricity sales for 2024 increased to 10.15 billion kWh, compared to 10.04 billion kWh in 2023, reflecting a growth of approximately 1.1%[7] - The company achieved a world-class power supply reliability rate of over 99.9999%, with customers experiencing an average of less than 30 seconds of unplanned power outages throughout the year[3] - The new 380 MW gas combined cycle unit L12 commenced operation in March 2024, increasing the gas generation proportion to about 70% of total electricity generation[3] Carbon Emission and Sustainability Initiatives - The company aims to reduce annual carbon emissions by approximately 40% compared to the 2005 baseline by phasing out coal-fired generation units L4 and L5[3] - The company is actively exploring additional emission reduction methods, including the introduction of zero-carbon electricity and the use of green hydrogen[10] - The company plans to invest approximately HKD 750 million in 2025 for its "Smart Electricity Saving Service" to promote carbon neutrality and energy conservation[10] Financial Position and Capital Expenditure - Capital expenditure for the year is HKD 36.59 billion, down from HKD 44.47 billion in 2023, funded by cash from operations and external loans[17] - The total external loans amount to HKD 50.86 billion as of December 31, 2024, compared to HKD 50.21 billion in 2023[17] - The net debt as of December 31, 2024, is HKD 50.83 billion, with a net debt to total capital ratio of 51%, unchanged from 2023[18] - The total capital expenditure for the year is HKD 3,651 million, compared to HKD 4,339 million in 2023[55] Employee Compensation and Workforce - The total employee compensation, excluding director remuneration, reached HKD 1.235 billion for the year ending December 31, 2024, compared to HKD 1.206 billion in 2023[22] - The group’s employee compensation increased to HKD 758 million in 2024 from HKD 734 million in 2023, a rise of 3.3%[41] - The number of long-term employees as of December 31, 2024, is 1,649, a slight decrease from 1,657 in 2023[22] Dividends and Distributions - The total distribution amount for the year ending December 31, 2024, is HKD 2.83 billion, consistent with the previous year[16] - The company maintains a stable interim distribution of HKD 1.408 billion and a final distribution of HKD 1.422 billion for both 2024 and 2023[16] - The total interim dividend declared for 2024 is HKD 2,830 million, with an interim dividend of HKD 0.1594 per share and a proposed final dividend of HKD 0.1609 per share[50] Assets and Liabilities - Total assets less current liabilities amounted to HKD 114,501 million, an increase from HKD 113,422 million in 2023[29] - Non-current liabilities totaled HKD 64,343 million, up from HKD 63,774 million in the previous year[29] - The company reported a net asset value of HKD 49,290 million, compared to HKD 48,978 million in 2023[29] Compliance and Governance - The company has complied with the corporate governance code applicable to the trust and has maintained high standards of corporate governance throughout the year[90] - The board of directors has confirmed compliance with the standard code for securities trading for the fiscal year ending December 31, 2024[92] - The audit committee has reviewed procedures for handling reports of financial reporting and internal control issues[91] Miscellaneous - The company has not engaged in any buybacks, sales, or redemptions of issued units during the fiscal year ending December 31, 2024[88] - The annual general meeting is scheduled for May 21, 2025[93] - The company’s financial statements for the year ending December 31, 2024, will be submitted to the Companies Registry in due course[80]