Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue was RMB 175,447,747,000, a decrease of 55.14% compared to RMB 391,058,497,000 in 2022[1][2]. - The profit attributable to equity holders of the company for 2023 was RMB 23,860,258,000, down 78.27% from RMB 109,792,453,000 in 2022[1][3]. - Basic and diluted earnings per share for 2023 were both RMB 1.48, compared to RMB 6.84 in 2022[3]. - The gross profit for 2023 was RMB 27,587,314,000, significantly lower than RMB 170,477,949,000 in 2022[2]. - Operating profit for 2023 was RMB 24,640,445,000, down from RMB 162,998,834,000 in the previous year[2]. - The total comprehensive income for 2023 was RMB 30,801,178,000, compared to RMB 138,378,172,000 in 2022[4]. - Total revenue for the year ending December 31, 2023, reached RMB 175,447,747 thousand, with external customer revenue contributing RMB 175,447,747 thousand[14]. - The company reported a net profit of RMB 28,395,659 thousand for the year, after tax expenses of RMB 4,681,012 thousand[14]. - The company reported a total segment profit margin of approximately 14.06% for the year[14]. - The company’s total revenue for the previous year (2022) was RMB 393,833,686 thousand, with external revenue of RMB 391,058,497 thousand[21]. Dividends and Shareholder Returns - The board proposed a final dividend of RMB 0.23 per ordinary share for the fiscal year 2023[1]. - The company proposed a cash dividend of RMB 0.23 per share for the year-end 2023, totaling approximately RMB 36.70 billion, which is 50% of the net profit attributable to shareholders for the year[26]. - The company distributed a total cash dividend of approximately RMB 118.66 billion for the fiscal year 2023, maintaining a consistent payout ratio of 50% of net profit[26]. - Proposed cash dividend of RMB 0.23 per share, totaling approximately RMB 3.67 billion, representing 50% of the net profit attributable to shareholders for the year[89]. Assets and Liabilities - Total assets as of December 31, 2023, amounted to RMB 462,429,381,000, a decrease from RMB 511,930,077,000 in 2022[5]. - Total liabilities decreased to RMB 219,209,909 thousand from RMB 258,136,983 thousand, representing a reduction of about 15.06%[6]. - Total equity attributable to equity holders decreased to RMB 16,071,058 thousand from RMB 16,094,862 thousand, a decline of approximately 0.15%[6]. - Current liabilities decreased to RMB 127,326,779 thousand from RMB 159,464,007 thousand, a decline of about 20.19%[6]. - Non-current liabilities decreased to RMB 91,883,130 thousand from RMB 98,672,976 thousand, a reduction of approximately 6.00%[6]. - Cash and cash equivalents decreased to RMB 181,113,316,000 in 2023 from RMB 235,613,923,000 in 2022[5]. - The total outstanding borrowings as of December 31, 2023, were RMB 43,276,918 thousand, with net cash of RMB 137,836,398 thousand, a decrease of RMB 54,969,848 thousand from the previous year-end[64]. Segment Performance - Segment profit for the container shipping business was RMB 22,556,526 thousand, while the terminal business reported a profit of RMB 1,917,702 thousand, leading to a total segment profit of RMB 24,640,445 thousand[14]. - Container shipping business revenue for 2023 was RMB 168,125,772 thousand, down RMB 215,909,781 thousand or 56.22% year-over-year[50]. - Terminal business revenue increased to RMB 10,396,162 thousand, an increase of RMB 598,029 thousand or 6.10% compared to last year[51]. - The company operates in three main segments: container shipping, terminal operations, and corporate and other services[13]. Market and Operational Strategy - The company continues to focus on expanding its container shipping and terminal management services globally[7]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[16]. - The company aims to enhance its global network layout and strengthen port and shipping collaboration to optimize resource allocation and channel networks[47]. - The company plans to actively promote global terminal resource layout, particularly in emerging markets represented by the Regional Comprehensive Economic Partnership (RCEP), and steadily advance port resource deployment in Southeast Asia, Africa, and South America[97]. - The company aims to integrate global shipping routes, end-to-end service networks, and digital information networks to enhance operational efficiency and customer service[94]. Financial Management and Investments - The company has adopted new accounting standards effective from January 1, 2023, which may impact the financial reporting but are not expected to have a significant effect on the consolidated financial statements[10]. - The company reported a net cash outflow from investing activities was RMB 18,350,697 thousand, a reduction of RMB 14,626,090 thousand compared to last year[61]. - The company’s cash reserves and liquidity position remain strong, supporting ongoing operations and potential future investments[35]. - The company has capital commitments for the construction of container ships amounting to RMB 36,821,081 thousand as of December 31, 2023[72]. Sustainability and Innovation - The company plans to accelerate its green low-carbon transformation, with a focus on sustainable development and enhancing its green carrier image[46]. - The company is committed to building a green fleet and exploring new energy fuel supply chains to support its low-carbon transformation[96]. - The company emphasizes innovation-driven development and aims to establish a new model of green transportation that is clean, low-carbon, safe, and efficient[97]. - The company’s digital transformation accelerated, with export volumes for complete vehicles, lithium batteries, photovoltaics, and cross-border e-commerce freight increasing by 146%, 56%, 24%, and 75% respectively[45]. Governance and Compliance - The company has adopted a corporate governance code and has not been aware of any non-compliance with the code during the fiscal year ending December 31, 2023[99]. - The company has established various committees under the board, including the Audit Committee, which consists of three independent non-executive directors[101]. - The annual report for the year ending December 31, 2023, will be published on the Hong Kong Stock Exchange and the company's website[107].
中远海控(01919) - 2023 - 年度业绩