和记电讯香港(00215) - 2023 - 年度财报

Financial Performance - Total revenue for 2023 was HKD 4,896 million, a slight increase from HKD 4,882 million in 2022[4] - Service revenue increased by 8% to HKD 3,531 million from HKD 3,278 million in the previous year[4] - EBITDA for the year was HKD 1,457 million, reflecting a 3% increase from HKD 1,420 million in 2022[4] - The company reported a shareholder loss of HKD 52 million, a significant improvement of 67% compared to a loss of HKD 158 million in 2022[4] - Loss per share improved to HKD 1.08 from HKD 3.28, marking a 67% reduction in losses[4] - The final dividend per share remained unchanged at HKD 5.21[4] - The net interest income for 2023 was HKD 101 million, an increase attributed to rising deposit rates[14] - Operating expenses decreased by 11% to HKD 1,506 million from HKD 1,356 million in 2022[32] - The cash and bank balance as of December 31, 2023, was HKD 3.684 billion, slightly down from HKD 3.700 billion in 2022[44] - The group reported a net loss attributable to shareholders of HKD 52 million, significantly improved from a loss of HKD 158 million in the previous year, marking a 67% reduction[32] Customer Growth and Service Expansion - The total customer base in Hong Kong and Macau grew from approximately 3.3 million to about 4 million, primarily due to a significant increase in prepaid customers[14] - The postpaid net ARPU increased by 4% to HKD 174, mainly driven by increased roaming service revenue[14] - The 5G penetration rate increased by 16 percentage points to 46%, supported by the expansion of 5G broadband and other customer segments[14] - The group has expanded its 5G roaming network to over 200 networks globally, providing seamless roaming services and maintaining a competitive edge in the telecommunications market[20] - The group launched the premium brand "SUPREME" in March 2023, backed by 99% 5G coverage in Hong Kong, aimed at providing exceptional digital experiences for high-end customers[21] Strategic Initiatives and Future Outlook - Future strategies include leveraging advanced technology to create innovative products and services[7] - The group is actively promoting 5G broadband services across various industries to drive digital transformation, benefiting businesses of all sizes[24] - The group has further expanded strategic partnerships with fixed-line operators to integrate ICT services with fixed-line telecommunications solutions, enhancing operational efficiency for enterprise customers[25] - The group is optimistic about stable business growth in Hong Kong, with a focus on long-term value creation for shareholders amidst an uncertain economic outlook[15] - The group aims to maintain a robust financial position through prudent management of finances, working capital, and cash flow[15] Risk Factors and Challenges - The group faces significant business risks that could lead to substantial deviations in financial performance, including economic conditions in Hong Kong and Macau[48] - The telecommunications industry is highly competitive, with pricing pressures and customer retention costs potentially impacting revenue and market share[51] - Regulatory changes and compliance risks could adversely affect the group's financial condition and operational performance[56] - Labor shortages due to declining workforce participation and local market conditions could impact the group's operational performance[58] - Climate change poses risks to the supply chain and business operations, potentially leading to financial and material damage, although the group has not faced major disruptions so far[62] Corporate Governance and Board Structure - The board consists of 10 members, including a non-executive chairman, two non-executive vice-chairmen, one executive director and CEO, two non-executive directors, and four independent non-executive directors, meeting the one-third requirement under listing rules[117] - The board has adopted good corporate governance practices and maintains effective communication with shareholders and stakeholders[118] - The board conducted a performance evaluation in 2023, involving a survey for individual scoring and assessment of various issues, concluding that existing practices are effective[123] - The nomination committee is responsible for reviewing the board's structure, size, diversity, and skill set, and making recommendations to enhance shareholder value[167] - The company has established a strict selection, nomination, and appointment process for directors, ensuring high standards of governance[124] Sustainability and Social Responsibility - The company is focusing on sustainable practices, with a goal to reduce carbon emissions by 30% by 2030[73] - The group established eight sustainable development goals aligned with four pillars: governance, sustainable business models and innovation, environment, and society[190] - The company actively supports the United Nations Sustainable Development Goals and aims to create long-term value for stakeholders through sustainable practices[194] - The sustainable development report includes important quantitative data and discusses the group's mission, strategies, and progress in sustainability[190] - The company achieved an upgrade in ESG rating from "A" to "AA" by Morgan Stanley Capital International[200] Shareholder Engagement and Communication - The company encourages shareholders to participate in meetings either in person or through electronic means, enhancing shareholder engagement[181] - The company has established a framework for two-way communication with shareholders to ensure they can exercise their rights effectively[185] - The company’s audit committee reviewed the effectiveness of its shareholder communication policy in 2023, confirming its successful implementation[185] - The company maintains a commitment to transparency and actively seeks feedback from shareholders and stakeholders on important issues[184] - The company’s board considers shareholder and stakeholder feedback when formulating and implementing corporate strategies[184]