港灯-SS(02638) - 2023 - 年度业绩

Financial Performance - For the year ending December 31, 2023, the company reported an EBITDA of HKD 8.03 billion, up from HKD 7.59 billion in 2022, representing a growth of approximately 5.8%[5] - The profit attributable to shareholders was HKD 3.156 billion, compared to HKD 2.954 billion in 2022, marking an increase of about 6.8%[5] - The group's revenue for the year ended December 31, 2023, was HKD 11.406 billion, an increase from HKD 10.793 billion in 2022[19] - The consolidated profit for the same period was HKD 3.156 billion, up from HKD 2.954 billion in 2022, representing a growth of approximately 6.8%[19] - Revenue for the year ended December 31, 2023, was HKD 11.406 billion, an increase of 5.7% from HKD 10.793 billion in 2022[31] - Operating profit rose to HKD 4.976 billion, up from HKD 4.509 billion in 2022, reflecting a growth of 10.4%[31] - Basic and diluted earnings per share increased to HKD 0.3572, compared to HKD 0.3343 in 2022, representing a growth of 5.8%[31] - The group recorded a net loss of HKD 256 million from the sale and write-off of property, plant, and equipment in 2023, compared to a loss of HKD 88 million in 2022, indicating a deterioration in asset management[49] Investments and Development Plans - The company has completed its 2019-2023 development plan with a total investment of HKD 26.6 billion, which includes the construction of three gas turbine units and a joint venture offshore LNG receiving station[3] - A new five-year development plan has been approved, with a capital investment of HKD 22 billion planned for 2024-2028 to improve emission performance and enhance grid resilience[3] - The company plans to allocate over HKD 55 million in 2024 to continue supporting vulnerable communities and promoting energy efficiency and low-carbon living[14] - The group has committed to investing HKD 1,300 million into the Energy Efficiency Fund in 2023, which is part of its strategy to promote energy efficiency[53] Customer and Operational Metrics - The company installed over 360,000 smart meters, covering approximately 60% of its customer base, enabling customers to monitor their electricity usage[6] - The electricity sales volume slightly increased to 10.04 billion kWh in 2023 from 9.94 billion kWh in 2022, driven by a rise in customer numbers to 589,000[11] - The company achieved a customer satisfaction score of 4.72 out of 5, maintaining a reliability record of over 99.999% for 27 years[11] - The company has provided technical support for the installation of electric vehicle charging infrastructure, assisting around 53,000 parking spaces in 470 private estates since 2020[9] - The company produced over 10 million kWh of green electricity through renewable energy systems connected to its grid in 2023[11] Financial Position and Liabilities - As of December 31, 2023, total external loans amounted to HKD 50.206 billion, a slight decrease from HKD 51.212 billion in 2022[23] - Net debt as of December 31, 2023, was HKD 50.185 billion, compared to HKD 50.887 billion in 2022, with a net debt to total capital ratio of 51%[24] - The company's net assets stood at HKD 48,978 million as of December 31, 2023, slightly down from HKD 49,333 million in 2022, a decrease of 0.7%[36] - The company’s total liabilities increased to HKD 1,277 million due to debt repayments during the year[56] - The total nominal amount of outstanding financial derivative contracts was HKD 46.116 billion as of December 31, 2023, compared to HKD 44.9 billion in 2022[26] Tariffs and Subsidies - In 2023, over 920,000 "zero" electricity bills were issued to residential customers, accounting for about 16% of all residential bills due to fuel adjustment fee reductions and various subsidies[13] - The basic electricity tariff is set to increase by 5 HK cents to 119.5 HK cents per kWh in 2024, while the net electricity fee will decrease to 165.5 HK cents per kWh, a 16% reduction compared to January 2023[16] - The company provided a special fuel cost rebate of HKD 0.011 per kWh to all customers in May 2023[68] - The special electricity subsidy provided in 2023 amounted to HKD 38.881 million, offering a subsidy of HKD 0.095 per kWh to residential customers using 300 kWh or less per month[55] Governance and Compliance - The trust and the company complied with the applicable provisions of the corporate governance code throughout the year ending December 31, 2023, except as noted[98] - The audit committee has reviewed procedures for handling reports of improper conduct related to financial reporting and internal controls[99] - The trust and the company have established insider information and securities trading policies for all employees[99] - The board of directors consists of independent non-executive directors and executive directors, ensuring a diverse governance structure[103] Environmental and Emission Goals - The company aims to reduce carbon emissions by half from 2005 levels by 2035, in line with government policies to increase the use of zero-carbon energy[16] - The company has initiated a new project to build a gas turbine unit to replace an old coal-fired unit, further reducing carbon emissions[7]