香港电讯(06823) - 2024 - 年度财报

Financial Performance - Total revenue (excluding mobile communication product sales) increased by over 2% to HKD 32.031 billion[19] - EBITDA grew by 3% to HKD 13.743 billion[19] - Adjusted cash flow rose by 3% to HKD 5.973 billion[19] - The company achieved total revenue of HKD 32.031 billion, with an EBITDA of HKD 13.743 billion[31] - Adjusted cash flow reached HKD 5.973 billion, with a total distribution of HKD 0.788 per share[31] - Profit attributable to unit holders increased by 2% to HKD 5.070 billion, with basic earnings per unit at HKD 0.6692[166] - The final distribution per unit was HKD 0.4588, leading to a total annual distribution of HKD 0.7880, equivalent to the adjusted cash flow for the year[166] - Total revenue for 2023 was HKD 34,330 million, a 1% increase compared to 2022's HKD 34,753 million[167] - EBITDA for 2023 reached HKD 13,400 million, reflecting a 3% growth from HKD 13,743 million in 2022[168] - The adjusted cash flow for 2023 was HKD 5,798 million, up 3% from HKD 5,973 million in 2022[168] Customer Growth and Services - 5G penetration rate among postpaid customers reached 51%[16] - Over 50% of the postpaid customer base upgraded to 5G, with the 5G customer base reaching 1.747 million, a growth of 25%[23] - The total number of FTTH connections reached 1.04 million, accounting for 71% of the consumer broadband customer base[23] - The Now OTT service user base increased by 15%, reflecting the growing popularity of video streaming services[24] - The number of mobile communication users increased to 4,656 thousand in the first half of 2023, a 1% rise from 4,764 thousand in the second half of 2022[169] - The number of registered users for DrGo reached 371 thousand in the first half of 2023, marking a 4% increase from the previous half[169] - The total number of installed pay TV users was 1,428 thousand in the first half of 2023, reflecting a 0.3% increase[169] Business Expansion and Projects - The company upgraded its fiber-to-the-home (FTTH) PON service speed to 50G and launched an 800G AI Superhighway service for data centers and cloud providers[20] - The total project contract value obtained since 2023 reached HKD 1.5 billion, showcasing the company's leadership in the industry[21] - The enterprise business expanded into mainland China, achieving a revenue target of HKD 1 billion in 2024, representing a growth of 37%[22] - The HKT Enterprise Solutions business secured new project orders totaling over HKD 5 billion in 2024, an annual growth of 11%[22] - HKT Enterprise Solutions achieved a 37% year-on-year revenue growth in mainland China, reaching HKD 1 billion, supported by new project contracts valued over HKD 5 billion[174] Corporate Governance and Compliance - Hong Kong Telecom emphasizes corporate governance and compliance with the Hong Kong Stock Exchange's listing rules, ensuring transparency and accountability[65] - The company has adopted a corporate governance code that aligns with the applicable listing rules, maintaining high standards of ethical conduct and responsibility[66] - The company has established a securities trading code for its directors and employees, ensuring adherence to high standards of conduct in securities transactions[67] - The board's composition ensures that at least one independent non-executive director has appropriate professional qualifications or expertise in accounting or related financial management[71] - The company has established various committees under the board, including the Executive Committee, which is responsible for strategy formulation and performance review[90] - The company has implemented a whistleblowing policy to address any misconduct involving its members[133] - The company has established a robust risk management culture to ensure effective decision-making processes[128] Risk Management - The company employs a "three lines of defense" model for its enterprise risk management framework, which includes business units, risk management and compliance functions, and internal audit[139] - The risk management and compliance department is responsible for overseeing the company's risk profile and reporting significant risks to the audit committee regularly[140] - The internal audit department adopts a risk-based audit approach, covering major risks affecting operations and reporting findings to the audit committee throughout the year[141] - The company utilizes the principles of ISO 31000:2018 for managing business and operational risks, ensuring a structured approach to risk identification and assessment[142] - The audit committee collaborates with the risk management and compliance committee to review risk management procedures and report significant changes to the board[140] Digital and Technological Advancements - The company is the first in Hong Kong to introduce 50G PON technology, enhancing its service offerings[37] - CSL Mobile launched satellite communication value-added services on the first 5G network in Hong Kong[8] - The company is focused on enhancing network coverage and speed through prudent investments, which are expected to create and safeguard value for unit holders[63] - The company has set up a generative AI task force to drive the adoption of AI strategies and monitor associated risks and compliance challenges[156] Diversity and Inclusion - The gender diversity ratio among total employees is 42:58, while the ratio among senior employees is 31:69, indicating a commitment to diversity and inclusion[100] - The company's board consists of 27% female members, aligning with current diversity expectations and progressing towards long-term diversity goals[103] - The nomination committee is composed of five members, including one executive director, one non-executive director, and three independent non-executive directors[105] Financial Health and Investments - The net debt to EBITDA ratio improved to 2.9 times following successful debt reduction[19] - The company maintained a strong liquidity position with cash and short-term deposits totaling HKD 2.145 billion as of December 31, 2024, compared to HKD 1.709 billion in 2023[190] - The company plans to continue investing in enhancing digital capabilities and expanding its 5G network, reflecting a cautious approach to capital expenditure[192] - Capital expenditures for the year, including capitalized interest, amounted to HKD 2.214 billion, representing 6.4% of revenue, a slight decrease from 6.6% in 2023[192]