Financial Performance - Revenue for the year ended December 31, 2024, increased by 3.3% to $1,502.99 million compared to $1,454.35 million in 2023[5] - Profit attributable to equity holders of the company decreased by 4.8% to $308.82 million from $324.56 million in the previous year[11] - The company’s basic earnings per share decreased by 8.9% to 8.50 cents from 9.33 cents in 2023[11] - Operating profit for the year was $267.12 million, a decrease from $274.82 million in 2023[11] - The total comprehensive income for the year was $288.57 million, down from $366.20 million in 2023[13] - The profit attributable to the company's equity holders for 2024 was $308,816,000, a decrease of 4.8% compared to $324,557,000 in 2023[55] - Total profit from both controlling and non-controlling terminals in 2024 was $424,426,000, down 1.7% from $431,601,000 in 2023[56] - Profit from controlling terminals was $103,137,000 in 2024, a significant decline of 22.4% from $132,871,000 in 2023[56] - The profit from Xiamen Yuanhai Container Terminal decreased to $36,109,000 in 2024 from $40,408,000 in 2023, a reduction of $4,299,000[56] - The profit from Piraeus Container Terminal fell to $29,002,000 in 2024, down 38.5% from $47,165,000 in 2023[56] Revenue and Throughput - Total throughput increased by 6.1% year-on-year to 144,032,722 TEUs, with equity throughput rising by 4.5% to 45,318,318 TEUs[5] - The total throughput for the company in 2024 is projected to reach 144,032,722 TEUs, representing a 6.1% increase from 2023[89] - The total throughput in the China region increased by 6.5% to 109,808,199 TEUs, accounting for 76.2% of the group's total throughput[77] - The Yangtze River Delta region saw a significant increase in total throughput by 13.1% to 16,484,202 TEUs, representing 11.4% of the group's total[79] - The overseas region's total throughput rose by 4.5% to 34,224,523 TEUs, making up 23.8% of the group's total[83] - The Bohai Rim region's total throughput increased by 6.4% to 49,550,213 TEUs, accounting for 34.4% of the group's total[78] - The total throughput in the Southwest Coast region increased by 12.4% to 9,015,200 TEUs, representing 6.2% of the group's total[82] Assets and Equity - Total assets as of December 31, 2024, amounted to $12,021.39 million, up from $11,931.88 million in 2023[9] - The company’s total equity increased to $7,045.25 million from $6,842.53 million in the previous year[9] - The total segment assets as of December 31, 2024, were $12,021,386,000, an increase from $11,931,881,000 as of December 31, 2023[23] Expenses and Financial Management - The company’s financial expenses decreased to $152.45 million from $171.19 million in the previous year[11] - The group's total sales cost for 2024 was $1,086,164,000, reflecting a 5.1% increase from $1,033,491,000 in 2023[59] - Administrative expenses rose slightly by 2.5% to $168,776,000 in 2024 from $164,596,000 in 2023[60] - The group's financial expenses decreased by 10.9% to $152,451,000 in 2024, down from $171,189,000 in 2023[62] - Net financial expenses decreased to $123,248 thousand in 2024 from $143,191 thousand in 2023, a reduction of 13.91%[40] Dividends - The company declared an interim dividend of 1.560 cents, down 10.6% from 1.744 cents in 2023[4] - The second interim dividend for 2024 is set at 14.2 HK cents per share, compared to 15.5 HK cents in 2023[50] Taxation - The company reported a tax expense of $73,057,000 for the year ended December 31, 2024, compared to a tax expense of $35,206,000 in the previous year[26] - The total tax expense for 2024 was $(73,057,000), significantly higher than $(35,206,000) in 2023[8] Strategic Initiatives - The company aims to enhance its global network service efficiency and invest in emerging markets and regional markets[85] - The company is focusing on "digital intelligence" and "green low-carbon" initiatives to foster new productivity in ports[87] - The company plans to strengthen its supply chain resources through investments or acquisitions in the global industry chain[85] - The company is committed to building smart green ports and expanding clean energy applications[87] Sustainability and Governance - The company is committed to sustainable development, focusing on energy-saving measures and achieving carbon neutrality, as part of its "GRAND" sustainability framework[104] - The company has established a cybersecurity committee and a data management committee to enhance overall protection capabilities and accelerate data governance, aiming to realize the value of data assets[105] - The company has launched the world's first "Port Digital Twin Integrated Energy Management Platform," integrating energy management with digital twin technology to promote green low-carbon development strategies[107] - The company completed a qualitative analysis of climate scenarios and a carbon emission inventory for Scope 3, aiming to enhance climate resilience and adaptability[106] - The company is committed to sustainable procurement principles, implementing strict screening processes for suppliers and gradually strengthening ESG requirements to ensure long-term sustainability of the supply chain[106] - The company actively participates in ecological environment protection and promotes the recycling of wastewater and waste[108] - The company aims for a "zero harm" health and safety goal, providing diverse training and development opportunities to create a safe and harmonious work environment[110] - The company has been recognized as one of the national near-zero carbon terminal pilot projects, reflecting its commitment to environmental protection[106] - The company emphasizes the importance of biodiversity protection, with employees participating in coral exploration activities organized by the World Wildlife Fund[108] Awards and Recognition - The company received multiple awards in 2024, including "Best Port Operator" and "Best Investor Relations Company" from International Business magazine, highlighting its operational excellence and governance practices[101] - The company engaged with 274 institutions and 348 investors and analysts throughout the year, enhancing its investor relations and diversifying its shareholder base[103] Future Outlook - The company forecasts a GDP growth of 5.0% in 2024, significantly higher than the global estimate of around 3.0%[84]
中远海运港口(01199) - 2024 - 年度业绩