中国建筑国际(03311) - 2024 - 年度业绩

Financial Performance - The company's revenue for the year ended December 31, 2024, was HKD 115.11 billion, representing a 1.2% increase from HKD 113.73 billion in 2023[3] - The gross profit margin improved to 15.5% in 2024 from 14.4% in 2023, reflecting a 1.1 percentage point increase[3] - Profit attributable to shareholders increased by 2.1% to HKD 9.36 billion, compared to HKD 9.16 billion in the previous year[5] - Basic earnings per share rose to HKD 1.86, up 2.2% from HKD 1.82 in 2023[5] - Total comprehensive income for the year was HKD 8.06 billion, compared to HKD 6.99 billion in 2023, marking a significant increase[8] - The company reported a net profit of HKD 10.08 billion for the year, up from HKD 9.71 billion in 2023[8] - The gross profit for the group in 2024 was HKD 17,846,527, compared to HKD 16,338,910 in 2023, showing an increase of about 9.2%[24] - The net profit before tax for 2024 was HKD 12,939,058, an increase from HKD 12,103,547 in 2023, representing a growth of approximately 6.9%[24] - The profit for the year 2024 is HKD 9,361,017,000, compared to HKD 9,164,045,000 in 2023, reflecting an increase of approximately 2.15%[32] Dividends - The board proposed a final dividend of HKD 0.285 per share, bringing the total cash dividend for the year to HKD 0.615 per share, an increase from HKD 0.560 in 2023[3] - The proposed final dividend for 2024 is HKD 1,435,721,000, consistent with the previous year's final dividend of HKD 1,435,721,000[31] - The proposed final dividend for the fiscal year 2024 is HKD 0.285 per share, with total dividends for the year amounting to HKD 0.615 per share, representing a year-on-year growth of 9.8%[46] Assets and Liabilities - Non-current assets totaled HKD 99.76 billion as of December 31, 2024, a slight decrease from HKD 101.35 billion in 2023[10] - Cash and cash equivalents increased to HKD 30.74 billion from HKD 28.46 billion in the previous year[10] - Current liabilities decreased from HKD 123,778,412 thousand in 2023 to HKD 115,355,495 thousand in 2024, a reduction of approximately 6.5%[12] - Trade payables and other payables increased significantly from HKD 74,884,549 thousand in 2023 to HKD 89,540,419 thousand in 2024, representing an increase of about 19.6%[12] - The net value of current assets rose from HKD 32,567,785 thousand in 2023 to HKD 48,062,455 thousand in 2024, an increase of approximately 47.5%[12] - Total assets minus current liabilities increased from HKD 133,919,190 thousand in 2023 to HKD 147,825,077 thousand in 2024, reflecting a growth of about 10.4%[12] - Shareholders' equity attributable to the company increased from HKD 61,723,419 thousand in 2023 to HKD 66,022,783 thousand in 2024, a rise of approximately 6.5%[12] - Non-current liabilities increased from HKD 59,641,571 thousand in 2023 to HKD 71,402,475 thousand in 2024, marking an increase of about 19.7%[12] - Bank borrowings in current liabilities decreased from HKD 16,515,007 thousand in 2023 to HKD 14,296,512 thousand in 2024, a decrease of approximately 13.4%[12] - The company’s perpetual capital securities decreased from HKD 10,017,782 thousand in 2023 to HKD 7,734,584 thousand in 2024, a decline of about 22.8%[12] Revenue Breakdown - Revenue from construction contracts amounted to HKD 47,533,524 in 2024, up from HKD 40,215,032 in 2023, indicating a growth of about 18.5%[21] - The revenue from construction-related investment projects decreased to HKD 58,836,595 in 2024 from HKD 63,592,981 in 2023, reflecting a decline of approximately 7.5%[21] - The revenue from the mainland China segment was HKD 60,419,209 in 2024, down from HKD 66,185,389 in 2023, indicating a decline of about 8.5%[24] - The revenue from Hong Kong and Macau increased to HKD 49,870,779 in 2024 from HKD 41,591,707 in 2023, representing a growth of approximately 19.5%[24] - Revenue from Hong Kong increased significantly by 33.3% to HKD 41.087 billion, while Macau's revenue decreased by 18.4% to HKD 8.784 billion[64] - The mainland China segment's revenue slightly declined by 8.7% to HKD 60.419 billion, but segment profit grew by 10.8% to HKD 12.811 billion[66] Cash Flow - The company achieved operating cash inflow of HKD 2.007 billion and investment cash inflow of HKD 1.137 billion, demonstrating significant improvement in cash flow over the past three years[46] - The group reported a significant improvement in operating cash flow, with a net inflow of HKD 2.007 billion, and investment cash flow also maintained a net inflow[62] - The group’s cash and available financial resources stood at HKD 30.741 billion, accounting for 11.3% of total assets, with a net gearing ratio of 73.6%[57] Contracts and Market Position - In Hong Kong, the company secured new contracts worth HKD 90.048 billion, reflecting a year-on-year increase of 27.0%[48] - The company signed new contracts in mainland China totaling HKD 100.192 billion, focusing on high-level markets in the Yangtze River Delta and Greater Bay Area[49] - The company’s market position in Macau remains strong, with new contract awards reaching HKD 10.003 billion, maintaining its leading status in the region[48] - The group achieved a new contract signing amount of HKD 11.02 billion in 2024, reflecting a strong market presence and growth potential[52] - The total new contracts signed amounted to HKD 211.263 billion, with a backlog of HKD 631.138 billion as of December 31, 2024[72] Research and Development - The group’s R&D investment amounted to HKD 747 million, representing 0.6% of total revenue, contributing to a new contract signing amount of HKD 87.862 billion driven by technology[60] Sustainability and ESG - The proportion of green building business in the group's revenue reached approximately 35%, indicating a strong commitment to sustainable development[54] - The group’s sustainable financing initiatives have progressed, with sustainable-linked loans steadily increasing as part of its financial strategy[54] - The group’s ESG rating was upgraded to B by MSCI, and it was recognized as a leader in sustainability by various authoritative institutions[54] Compliance and Governance - The company has adopted and complied with all provisions of the corporate governance code as per the Hong Kong Stock Exchange Listing Rules[77] - The company has established a securities trading standard code that exceeds the requirements of the Listing Rules, ensuring compliance by directors and relevant employees[78] - The audit committee has reviewed the audited consolidated financial statements for the year ending December 31, 2024[79] - Ernst & Young confirmed that the financial statements align with the group's consolidated financial reports, although their work does not constitute a certification[80]