港灯(02638) - 2019 - 年度财报

Financial Performance - Revenue for 2019 was HKD 10.739 billion, a decrease of 7.5% from HKD 11.612 billion in 2018[11] - Distributable income for 2019 was HKD 2.830 billion, down 20% from HKD 3.538 billion in 2018[11] - The audited profit attributable to unit holders was HKD 2.327 billion, a decrease of approximately 23% from HKD 3.051 billion in 2018[23] - The allowed rate of return for the power company was significantly reduced by about 20%, leading to a corresponding decrease in the annual distribution amount by approximately 20%[23] - The final distribution per unit was HKD 0.1609, down from HKD 0.2012 in 2018, resulting in a total annual distribution of HKD 0.3203, compared to HKD 0.4004 in 2018[23] - For the year ended December 31, 2019, the profit before interest, tax, depreciation, and amortization was HKD 7.106 billion[22] Asset and Debt Management - The total assets increased to HKD 109.717 billion from HKD 107.894 billion, reflecting a growth of 1.2%[11] - The net debt to net total capital ratio increased to 47% from 46%[11] Customer Service and Reliability - The company has 581,000 customers and a network length of 6,536 kilometers[14] - The reliability of power supply is over 99.999%[14] - The company served over 580,000 customers, supplying 10.5919 billion kWh of electricity, maintaining a supply reliability of over 99.999% for 23 consecutive years since 1997[29] - The average waiting time for emergency service calls was less than 9 seconds, while the average waiting time for customer service counters was less than 3.5 minutes[106] - The company received 2,008 customer appreciation letters, reflecting high customer satisfaction with its services[106] Energy Generation and Transition - The company aims to increase the proportion of gas-fired generation from approximately 30% to about 70%[20] - The company plans to construct three new gas-fired generating units with a total capacity of 1,140 MW, replacing aging coal-fired units, with the first unit (L10) already operational since February 2020[24][25] - The gas generation ratio is expected to increase from approximately 30% in 2019 to about 50% in 2020, and further to around 70% after the commissioning of L11 and L12, aligning with government climate and environmental policies[84] - The company is gradually transitioning from coal to gas generation at the Lamma Power Station, with plans for a new gas unit expected to be operational by 2023[52] Environmental Initiatives - The company is implementing a development plan valued at HKD 26.6 billion aimed at reducing emissions and promoting a green city vision[62] - The company has connected 58 renewable energy generation devices to its grid, qualifying for the feed-in tariff, with over 2 million kWh of green power fully subscribed by customers[51] - The company launched a series of funds and services under the "Smart Energy Saving" initiative, assisting 83 buildings and over 1,100 underprivileged families with energy-efficient appliances[50] - The company is committed to phasing out all coal-fired power generation units by the early 2030s, further reducing its carbon footprint and emissions of sulfur dioxide and nitrogen oxides by approximately 75-90% compared to 2005 levels[84] - The company implemented 54 environmental management plans in 2019, focusing on reducing fuel usage and waste[95] Technological Advancements - The company launched the "Smart Energy Saving Service" to promote energy efficiency and renewable energy usage[20] - The company is advancing the installation of smart meters, with a pilot program completed in 2019, aiming for full rollout by the end of 2025[26] - The smart meters will enable data collection and analysis, allowing customers to improve their energy management[69] - The company introduced a virtual assistant named "Elsie" using AI natural language processing to assist customers with inquiries year-round[57] - The company launched a mobile smart delivery cabinet with dual authentication and tracking technology to streamline parts retrieval, saving significant waiting time[127] Community Engagement and Support - The company participated in 132 community activities throughout the year, supporting local events and charities[136] - The community service team grew to over 1,200 volunteers, supporting 94 different services with a total of 4,766 service hours in 2019[165] - The "Green Energy Dream Come True" competition funded 15 creative environmental projects in schools, promoting environmental education[174] - Over 2,250 elderly individuals received home electricity safety tips through the "Warm Community" program, which also provided essential daily supplies to those in need[176] Employee Development and Safety - 港灯在2019年招聘了9名见习生，参与见习工程师计划[184] - 港灯的员工中，男性占81.6%，自愿流失率为5%[182] - 港灯的见习工程师计划自1970年代以来，每年招聘约10至20名工程系毕业生[185] - 港灯的管理层中，40%的成员是由见习工程师晋升而来[186] - The lost time injury severity rate is 1.02 per 200,000 employee hours, and the lost time injury incidence rate is 0.05 per 200,000 employee hours[199] - A total of 17,047 hours of employee health and safety training were provided, along with 124 drills and 209 safety behavior observations[199]