鹰君(00041) - 2018 - 年度财报

Financial Performance - The core business after-tax profit for the fiscal year 2018 was approximately HKD 19.95 billion[4] - Core business revenue for 2018 reached HKD 6,661.6 million, representing a 7.7% increase from HKD 6,187.6 million in 2017[10] - Profit attributable to equity holders after tax was HKD 1,995.4 million, up 5.0% from HKD 1,900.0 million in the previous year[10] - Total revenue calculated under statutory accounting standards was HKD 10,156.2 million, a 13.5% increase from HKD 8,948.1 million in 2017[10] - The company reported a decrease in profit attributable to equity holders under statutory accounting standards, which was HKD 5,810.7 million, down 34.1% from HKD 8,817.9 million[10] - The equity holders' profit attributable to shareholders decreased by 34.1% to HKD 5.8107 billion in 2018 from HKD 8.8179 billion in 2017[23] - The total dividend for the fiscal year 2018 will amount to HKD 0.83 per share, including an interim dividend of HKD 0.33 per share[7] Assets and Liabilities - As of December 31, 2018, the net asset value attributable to the group (based on the net asset values of Crown Worldwide Holdings and LHI) was approximately HKD 79 billion[4] - Total assets amounted to HKD 107.125 billion, with equity holders' attributable equity representing 75%[15] - The net leverage ratio as of December 31, 2018, was 20.7%, down from 21.5% in June 2018[12] - As of December 31, 2018, the company's total net borrowings amounted to HKD 21.86 billion, a decrease of HKD 4.5 billion compared to December 31, 2017[59] - Total borrowings, including medium-term notes, reached HKD 31.27 billion, with 52.5% being floating rate borrowings and 47.5% being fixed rate borrowings[61] Hotel Operations - The group has a total of 23 luxury hotels worldwide, with over 9,000 rooms, including 20 hotels located in major cities such as Hong Kong, London, and New York[3] - The hotel segment's total rental income was HKD 4,393.0 million, an increase of 11.0% from HKD 3,957.7 million[19] - Hotel segment revenue rose by 11.0%, contributing to the overall growth in core business revenue[24] - The average daily room rates in London increased by 11% in 2018, with occupancy rising by 2 percentage points to 79.6%[28] - The Melbourne hotel achieved a 19% increase in room revenue due to rising average room rates and increased room availability[34] - The Auckland hotel reported a 7% increase in food and beverage revenue, with plans for an expansion of 244 rooms approved by local authorities[36] Development Projects - The group has ongoing development projects including a premium residential project in Tai Po, Hong Kong, and three development projects in the United States[3] - The company announced the upcoming launch of the luxury residential project "朗濤" with 723 units, expected to be available for pre-sale in the second half of 2019[24] - The company sold the Dexter Horton office building in Seattle for USD 151 million, completing the sale in January 2019[24] - The first phase of the residential development project was completed by the end of 2018, while the second phase is pending local housing demand assessment[56] Corporate Governance - The company aims to enhance corporate governance standards to improve its image and strengthen shareholder confidence, thereby reducing the risk of fraud[182] - The corporate governance code was revised and became effective on January 1, 2019, to increase transparency and accountability in the nomination committee and board elections[182] - The board consists of 14 members, including 6 executive directors and 8 non-executive directors, ensuring a balance of independent judgment in business operations[190] - The company has a female representation of 21.4% on the board[190] - The board held a total of five meetings during the fiscal year ending December 31, 2018, with an overall attendance rate of 92.85%[199] Corporate Social Responsibility (CSR) - The company emphasizes its commitment to corporate social responsibility (CSR) as a long-term value creation strategy for stakeholders[71] - The CSR management framework includes a CSR supervisory committee and a clear policy to integrate CSR into the organizational culture[73] - A stakeholder engagement process was conducted in 2018, identifying "employee satisfaction," "occupational health and safety," and "communication" as key CSR issues[74] - The company actively supports employment for individuals with disabilities, collaborating with organizations to provide job opportunities and ongoing support[81] - The hotel division publishes an annual sustainability report to review current systems and set future environmental and social goals[72] Environmental Initiatives - The company has initiated a global environmental campaign called "Earth Care Month," which includes activities like vegetarian meal promotions and creative recycling competitions[114] - The property management division implemented ISO 14001 environmental management standards to enhance environmental performance[120] - The Washington hotel is pursuing LEED New Construction certification, aiming for gold level by reusing 75% of existing walls and roofs and reducing water usage by 45% through low-flow fixtures[119] - The company has adopted various recycling measures, including collecting waste paper and glass containers from tenants for recycling[124] Strategic Initiatives - The company is actively pursuing strategic acquisitions to enhance its portfolio, with a target of completing at least two acquisitions within the next 12 months[169] - The management team emphasized a focus on expanding operations in mainland China, targeting a 15% increase in market share by the end of the next fiscal year[169] - New product developments in the hospitality sector are expected to drive a 10% increase in revenue, with the launch of two new hotel brands planned for the upcoming year[170] - The company plans to invest approximately $50 million in technology upgrades to improve operational efficiency and customer experience[170]