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]
中国船舶租赁(03877) - 2022 - 年度业绩