Financial Performance - The group recorded a consolidated revenue of HKD 2,716,471,000 for the year, an increase of 6.4% compared to HKD 2,553,835,000 in the previous year[3]. - Shareholders' profit attributable to the group was HKD 117,027,000, up 2.6% from HKD 114,069,000 in the previous year[3]. - The gross profit decreased to HKD 215,253,000 from HKD 285,468,000, reflecting a decline of 24.5% year-over-year[18]. - Operating profit for the year was HKD 113,498,000, down from HKD 130,112,000, indicating a decrease of 12.7%[18]. - The net profit for the year was HKD 125,680,000, slightly up from HKD 122,631,000, showing a growth of 2.8%[20]. - Basic and diluted earnings per share increased to HKD 10.44 from HKD 10.17, marking a rise of 2.7%[18]. - Total revenue for the year ended December 31, 2024, was HKD 2,716,471,000, representing an increase of 6.4% compared to HKD 2,553,835,000 in 2023[18]. - The company reported a total equity of HKD 5,505,157 thousand in 2024, up from HKD 4,546,346 thousand in 2023, marking an increase of around 21.1%[24]. Operational Developments - The group introduced 10 LNG multi-purpose vessels to enhance its green initiatives and operational capabilities[4]. - The logistics business saw significant improvements, including successful projects in Hong Kong airport material supply and local steel logistics[6]. - The group launched 6 new ferries to enhance local ferry services, improving customer experience and service quality[7]. - The group became the largest marine lubricants supplier in the Hong Kong market, strengthening its industry leadership[8]. - The company aims to expand its "Belt and Road" strategy and enhance regional collaboration to drive growth[11]. - The group successfully completed cross-border railway transport projects, showcasing its operational efficiency[6]. - The company is focusing on expanding its logistics platform and enhancing its core business development in the Greater Bay Area[12]. - Strategic investments and acquisitions are being accelerated in Southeast Asia and the Middle East to strengthen overseas business growth[13]. - The company aims to optimize cross-border passenger transport operations and expand into Southeast Asian island transportation markets[15]. Financial Position - Total assets as of December 31, 2024, reached HKD 5,505,157,000, up from HKD 4,546,346,000, an increase of 21.1%[22]. - Non-current assets increased significantly to HKD 4,039,170,000 from HKD 3,029,184,000, reflecting a growth of 33.3%[22]. - Total liabilities increased to HKD 1,905,466 thousand in 2024 from HKD 1,048,304 thousand in 2023, representing an increase of approximately 81.8%[24]. - Total assets less current liabilities reached HKD 4,537,984 thousand in 2024, compared to HKD 3,768,123 thousand in 2023, indicating an increase of approximately 20.4%[24]. - Current liabilities totaled HKD 967,173 thousand in 2024, an increase from HKD 778,223 thousand in 2023, representing a rise of about 24.3%[24]. - The company’s long-term borrowings decreased to HKD 100,920 thousand in 2024 from HKD 118,125 thousand in 2023, a reduction of about 14.5%[24]. - The group maintained a current ratio of 1.5 as of December 31, 2024, down from 1.9 in the previous year[102]. - The group's debt-to-equity ratio was 8.1% as of December 31, 2024, down from 8.8% in 2023, while the debt ratio increased to 34.6% from 23.1%[103]. Dividends and Shareholder Returns - The company declared an interim dividend of HKD 0.02 per share in 2024, compared to no interim dividend in 2023[56]. - Proposed final dividend for 2024 is HKD 0.04 per share, down from HKD 0.05 per share in 2023, representing a decrease of 20%[56]. - The total dividends paid during the year amounted to HKD 78,481,000 in 2024, up from HKD 67,270,000 in 2023, an increase of 16.5%[56]. - The board declared an interim dividend of HKD 0.02 per share, totaling HKD 22,423,000, and proposed a final dividend of HKD 0.04 per share, totaling approximately HKD 44,847,000, down from HKD 56,058,000 in 2023[118]. Market and Economic Environment - The overall economic environment remains complex, with challenges from geopolitical issues and a slow recovery in global trade impacting operations[62]. - Container throughput volume reached 1,324,000 TEU, a slight increase of 0.2% year-on-year, while bulk cargo throughput decreased by 24.8% to 860,000 tons[67][68]. - The group experienced a decline in container handling volume, which was 1,036,000 TEU, down 5.4% year-on-year, while bulk cargo handling volume increased by 10.8% to 9,935,000 tons[70][71]. - Passenger traffic for cross-border waterway services increased by 15.0% to 1,697,000 passengers, while local ferry services saw a decline of 7.3% to 11,372,000 passengers[64]. Corporate Governance - The audit committee has reviewed the accounting policies and principles adopted by the group, discussing financial reports and internal controls[121]. - The company has fully complied with all corporate governance codes for the year ending December 31, 2024[122]. - Independent non-executive directors have served over nine years, but their independence has been confirmed by the board[123]. - The re-election of independent non-executive directors was approved at the annual general meetings held on May 31, 2022, and June 21, 2023[124]. - Further details on corporate governance will be included in the annual report for 2024[125].
珠江船务(00560) - 2024 - 年度业绩