嘉里物流(00636) - 2018 - 年度财报

Financial Performance - The company reported a revenue of HKD 38.14 billion for 2018, representing a 24% increase compared to 2017[14]. - Core operating profit increased by 11% to HKD 3.49 billion, while net profit attributable to shareholders rose by 15% to HKD 2.44 billion[8][14]. - The company achieved a core net profit of HKD 1.33 billion, marking a 12% increase year-on-year[14]. - In 2018, the group's revenue increased by 24% to HKD 38.139 billion, with core operating profit rising by 12% to HKD 1.326 billion[32]. - The group's core net profit increased by 12% to HKD 1.326 billion, marking the ninth consecutive year of growth[34]. - The company reported a double-digit growth in revenue, core operating profit, and core net profit for the year ended December 31, 2018, marking the ninth consecutive year of growth[158]. Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.16 per share, reflecting a commitment to returning value to shareholders[8]. - The board has proposed a final dividend of HKD 0.16 per share for the year ended December 31, 2018, subject to approval at the annual general meeting[171]. - As of December 31, 2018, the company reported distributable reserves totaling HKD 1.185 billion, with a proposal to distribute HKD 273 million as the final dividend for the year[173]. - The company aims to distribute approximately 30% of its core net profit to shareholders as dividends each fiscal year, subject to board discretion and shareholder approval[135]. - The company is committed to considering special dividends when circumstances permit, based on operational performance and financial condition[135]. Logistics and Operations - The logistics segment contributed significantly to the revenue, with a notable performance in international freight operations[8]. - The integrated logistics business recorded a segment profit growth of 14%, contributing 79% to the group's total segment profit[35]. - The group's Hong Kong logistics business saw a segment profit increase of 37%, contributing 41% to the integrated logistics business's segment profit[35]. - The company operates a logistics center in Vietnam with a total area of 116,444 square feet, fully occupied at 100%[23]. - The company has expanded its logistics services from Hong Kong to mainland China and further into the Asia-Pacific region, Europe, the Americas, and Africa[141]. - The company has developed a comprehensive logistics service that includes freight forwarding, warehousing, and cold chain logistics[156]. Market Expansion and Growth Strategy - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[8]. - The group plans to selectively expand and deepen its presence in the Chinese market, with a focus on the Greater Bay Area as a key growth point[30]. - The company is actively exploring potential mergers and acquisitions to bolster growth and market presence[145]. - Future outlook indicates continued expansion in the logistics sector, with a strategic emphasis on enhancing market share in existing regions[145]. - The company is focused on developing new technologies and products to improve service efficiency and customer satisfaction[144]. Technology and Innovation - The group is evolving into a technology company, emphasizing the use of IT, blockchain, and AI in various logistics operations[30]. - The company has developed a real-time internet-based solution, KerrierVISION, which provides personalized support for tracking inventory, freight, purchase orders, and payments[60]. - The mobile tracking application recorded over 4,670,000 downloads by the end of 2018, enhancing customer experience in tracking shipments[61]. - The company is investing in new technology development, allocating $E million towards R&D initiatives aimed at enhancing operational efficiency[150]. - User data indicates a 25% increase in customer engagement through digital platforms, reflecting successful digital transformation efforts[145]. Financial Position and Debt Management - The asset-liability ratio stood at 45.7%, indicating a stable financial position[8]. - As of December 31, 2018, the group's total bank loans amounted to HKD 95.06 billion, with 46% (HKD 43.80 billion) in foreign currency loans[43]. - The group's debt-to-equity ratio increased to 45.7% as of December 31, 2018, compared to 43.1% in the previous year[43]. - The financial review highlighted a financing cost of HKD 224.25 million, which increased from HKD 159.83 million in the previous year[14]. Corporate Governance - The board of directors held four meetings during the year ending December 31, 2018, to discuss and approve the company's overall strategy and policies[107]. - The company has established a nomination committee to oversee the appointment and succession planning of directors, ensuring independent non-executive directors' independence is evaluated[105]. - The company emphasizes the importance of governance transparency and accountability to maximize shareholder benefits[101]. - The company has received the Platinum Award at The Asset Corporate Awards, highlighting its excellence in corporate governance practices[101]. - The company has implemented a whistleblowing policy allowing employees to confidentially raise concerns about potential misconduct[132]. Environmental and Social Responsibility - The group actively integrates environmental, social, and governance (ESG) systems into its core business decisions, reflecting its commitment to sustainable development[46]. - The company has installed solar panels on the roof of its Beijing warehouse, saving approximately 40,000 kWh of electricity per month and reducing greenhouse gas emissions[72]. - The company has committed to responsible waste management practices, encouraging employees to reuse materials before recycling[73]. - The company has achieved ISO14001 international certification for its environmental management system, reflecting its commitment to high environmental standards[161]. - The group made a donation of HKD 1.4 million to charitable projects or organizations during the year[175]. Awards and Recognition - The company received four awards at the 2018 Asia Supply Chain Awards, including "Best Third-Party Logistics in Asia" and "Caring and Positive Work Environment"[59]. - The company was recognized as the Best Logistics and Supply Chain Solutions Company in 2018[94]. - The company received multiple awards in 2018, including the Gold Award for Overall Report and Silver Awards for Cover Design and Photography at the IADA International Limited[95]. - The company has been awarded for its contributions to environmental responsibility and corporate governance[100]. - The company received the Hong Kong Corporate Governance Excellence Award for 2018, recognizing its commitment to shareholder rights and corporate governance standards[101].