海港企业(00051) - 2024 - 年度业绩

Financial Performance - The group recorded a loss attributable to shareholders of HKD 70 million for the year 2024, compared to a loss of HKD 107 million in 2023[19]. - The basic earnings per share for 2024 was HKD 0.12, an improvement from a loss of HKD 0.28 per share in 2023[3]. - The group’s basic net profit for 2024 was HKD 83 million, a significant recovery from a loss of HKD 201 million in 2023[19]. - The company reported a net loss of HKD 63 million for 2024, significantly improved from a net loss of HKD 202 million in 2023, representing a reduction of 68.8%[38]. - The company reported a total comprehensive loss of HKD 108 million for 2024, compared to a total comprehensive loss of HKD 896 million in 2023, indicating a significant improvement[38]. Revenue and Profitability - Revenue decreased by 14% to HKD 1.354 billion in 2024, down from HKD 1.579 billion in 2023[13]. - Total revenue for the year ended December 31, 2024, was HKD 1,354 million, a decrease of 14.3% compared to HKD 1,579 million in 2023[36]. - Operating profit for 2024 was HKD 404 million, slightly down from HKD 408 million in 2023, indicating a stable performance despite revenue decline[52]. - The hotel segment in Hong Kong experienced a revenue decline of 8% to HKD 874 million, resulting in an operating loss of HKD 55 million[13]. - Investment property revenue also saw a decline, with rental income dropping to HKD 199 million in 2024 from HKD 242 million in 2023[52]. Assets and Liabilities - Total assets amounted to HKD 15.80 billion, a decrease from HKD 16.89 billion in 2023, with operating assets totaling HKD 15.37 billion[21]. - Total liabilities decreased to HKD 1,471 million in 2024 from HKD 2,458 million in 2023, a decline of 40.0%[40]. - The total operating assets decreased to HKD 15,370 million in 2024 from HKD 16,290 million in 2023, a reduction of 5.6%[49]. - The company’s total liabilities decreased to HKD 15,370 million in 2024 from HKD 16,290 million in 2023, reflecting a strategic reduction in debt[49]. - As of December 31, 2024, shareholders' equity decreased to HKD 14.21 billion, down from HKD 14.32 billion in 2023, equivalent to HKD 20.06 per share[20]. Investment Properties - The group recorded a revaluation loss of HKD 153 million on investment properties for 2024, compared to a gain of HKD 94 million in 2023[19]. - The group's investment property income fell by 18% to HKD 199 million, with operating profit decreasing by 20% to HKD 171 million[13]. - Investment properties totaled HKD 4.94 billion, a decrease from HKD 5.09 billion in 2023[24]. - The fair value change of investment properties resulted in a loss of HKD 153 million in 2024, compared to a gain of HKD 94 million in 2023[36]. Cash Flow and Financial Position - The net cash position as of December 31, 2024, was HKD 66 million, compared to a net debt of HKD 145 million in 2023[28]. - The group recorded a net cash inflow from operating activities of HKD 224 million, down from HKD 278 million in 2023[30]. - The company’s cash and cash equivalents increased to HKD 431 million in 2024 from HKD 381 million in 2023, an increase of 13.1%[40]. - The company maintains a standby credit facility of HKD 1.34 billion, with HKD 365 million already utilized[29]. Future Outlook - The group expects 2025 to be a year of mixed opportunities and challenges, influenced by geopolitical and economic uncertainties[10]. - Planned capital and development expenditures for the coming years total HKD 312 million, primarily for property development[31]. Tax and Dividends - The company’s tax expense for 2024 was HKD 39 million, compared to HKD 5 million in 2023, indicating a substantial increase in tax liabilities[55]. - The interim dividend declared is HKD 0.05 per share, amounting to HKD 35 million based on 708 million issued ordinary shares[57]. Corporate Governance - The company’s board believes that having the same individual serve as both chairman and CEO is more effective for long-term strategy planning and execution[63].