香格里拉(亚洲)(00069) - 2020 - 中期财报

Financial Performance - For the six months ended June 30, 2020, the consolidated revenue was $453.5 million, a decrease of 62.1% compared to $1,195.0 million for the same period in 2019[8]. - The company reported a loss of $255.4 million attributable to owners for operating activities, compared to a profit of $64.2 million in the same period last year[6]. - The net loss attributable to owners, including non-operating items, was $282.6 million, compared to a profit of $115.1 million for the same period in 2019[5]. - The earnings per share for the six months ended June 30, 2020, was a loss of 7.915 cents, compared to a profit of 3.221 cents in the same period last year[6]. - The adjusted EBITDA before interest, tax, depreciation, amortization, and non-operating items was a loss of $74.8 million, compared to a profit of $300.9 million for the same period in 2019[8]. - The actual share of EBITDA before interest, tax, depreciation, amortization, and non-operating items was $27.8 million, a decrease of 93.8% from $449.2 million in the same period last year[8]. - The company reported a total comprehensive loss of $578,617,000 for the six months ended June 30, 2020, compared to a comprehensive income of $100,960,000 for the same period in 2019[15]. - The company recognized a loss of $282,627,000 for the period, compared to a profit of $115,061,000 in the first half of 2019[17]. - The company reported a total revenue of $453,536,000 for the six months ended June 30, 2020, a decrease of 62.0% compared to $1,194,994,000 for the same period in 2019[25]. Revenue Breakdown - Room revenue was $169,243,000, down 68.3% from $533,968,000 in the previous year[25]. - Revenue from hotel properties in China was $367.6 million in 2020, down from $1,025.6 million in 2019, indicating a decline of about 64.1%[30]. - The hotel management and related services segment generated $55.9 million in revenue in 2020, down from $115.7 million in 2019, a decrease of approximately 51.7%[30]. - Revenue from hotel properties in Hong Kong decreased by 76.3% to $41.5 million, while revenue from mainland China decreased by 63.6% to $138.4 million[98]. - Total revenue for Hong Kong hotels decreased by 76.3% to $41.5 million for the six months ended June 30, 2020[101]. - Total revenue for mainland China hotels decreased by 63.6% to $138.4 million for the same period[103]. - Total revenue for Singapore hotels decreased by 58.6% to $46 million for the six months ended June 30, 2020[104]. - Total revenue for Japan hotels decreased by 63.2% to $11.4 million for the same period[107]. Operational Metrics - The weighted average occupancy rate for the group's hotels was 26% for the six months ended June 30, 2020, a decrease of 40 percentage points from 66% for the same period in 2019[100]. - Revenue per available room (RevPAR) decreased to $35 for the six months ended June 30, 2020, down 68% from $110 for the same period in 2019[100]. - In Hong Kong, the occupancy rate dropped to 14%, down 68 percentage points from 82% in the previous year, with RevPAR decreasing by 87% to $30[101]. - In mainland China, the occupancy rate was 24%, a decline of 40 percentage points from 64%, with RevPAR falling 70% to $24[102]. - The total number of operational hotels as of June 30, 2020, was 102, with 82 owned/leased hotels and 20 managed hotels[92]. Financial Position - The company's net asset value attributable to owners was $5,660.7 million as of June 30, 2020, down 8.5% from $6,189.6 million as of December 31, 2019[7]. - Total assets as of June 30, 2020, were $13.277 billion, a decrease from $13.722 billion as of December 31, 2019[12]. - Total liabilities increased to $7.359 billion as of June 30, 2020, compared to $7.218 billion at the end of 2019[13]. - The company’s total equity decreased to $5.918 billion as of June 30, 2020, from $6.504 billion at the end of 2019[12]. - The net debt of the group as of June 30, 2020, was $4.572 billion, an increase of $348.1 million from $4.224 billion as of December 31, 2019[125]. - The debt-to-equity ratio increased from 64.9% as of December 31, 2019, to 77.3% as of June 30, 2020[125]. Cost Management and Future Outlook - The company is focusing on cost management and operational efficiency to navigate the challenging market conditions[5]. - Future outlook remains cautious due to ongoing uncertainties in the hospitality sector caused by the pandemic[5]. - The company plans to maintain capital expenditures at a minimum level to preserve cash reserves[141]. - The company has implemented voluntary unpaid leave and salary reductions to lower costs amid the ongoing challenges[141]. - The company is preparing for business recovery while remaining cautious and vigilant in response to the evolving pandemic situation[142]. Shareholder Information - Kerry Group Limited holds a controlling interest of 1,799,537,010 shares, representing 50.19% of the company[149]. - The total shares held by the directors amount to 74,980,551, which is approximately 2.091% of the total issued shares[151]. - The company did not declare an interim dividend for the six months ended June 30, 2020, compared to an interim dividend of 8 cents per share in 2019[71][72]. - The company’s stock options have an exercise price of HKD 12.11, valid until August 22, 2023[155]. - The company’s share reward plan was adopted on May 28, 2012, with subsequent amendments on August 10, 2012, and May 31, 2018[157].