Financial Performance - In 2024, the total cargo throughput reached 453 million tons, representing a year-on-year increase of 1.9%[30] - The container throughput for 2024 was 20.47 million TEUs, an increase of 2.2% compared to the previous year[30] - The revenue for the year ended December 31, 2024, was HKD 13.721 billion, up from HKD 13.484 billion in 2023[20] - The profit attributable to shareholders for 2024 was HKD 690 million, a decrease from HKD 729 million in 2023[20] - The basic earnings per share for 2024 were 11.2 HK cents, down from 11.8 HK cents in 2023[20] - The total revenue for 2024 was HKD 13,721 million, reflecting a growth of 1.8% from HKD 13,484 million in 2023[42] - The gross profit for 2024 was HKD 3,958 million, which is a 7.0% increase from HKD 3,698 million in 2023[42] - The total cost of sales decreased by 0.3% to HKD 9.754 billion, with significant reductions in the sales business cost by 18.8%[49] - The gross profit for 2024 was HKD 3.958 billion, with a gross margin of 28.8%, up from 27.4% in 2023[57] - The total throughput of bulk cargo for 2024 was 254.97 million tons, compared to 237.80 million tons in 2023[20] Dividends and Shareholder Returns - The company plans to declare a final dividend of 4.48 HK cents per share for 2024, with a payout ratio of approximately 40%[30] - The company plans to maintain a dividend of HKD 0.0448 per share for the 2024 fiscal year, with a payout ratio of approximately 40%[44] - The company proposed a final dividend of HKD 0.0448 per share for the year ending December 31, 2024, subject to shareholder approval at the upcoming annual general meeting[169] Assets and Liabilities - The total assets as of December 31, 2024, were HKD 40.674 billion, slightly up from HKD 40.620 billion in 2023[20] - The debt ratio improved to 15.9% in 2024 from 18.8% in 2023[20] - As of December 31, 2024, the company's equity attributable to shareholders was HKD 13.756 billion, with a net asset value per share of HKD 2.2[66] - The total borrowings of the group were HKD 4.861 billion as of December 31, 2024, down from HKD 5.707 billion in 2023, with all borrowings settled in RMB[68] - The debt-to-equity ratio as of December 31, 2024, was 15.9%, a decrease from 18.8% in 2023[69] - The current ratio was 1.5 as of December 31, 2024, compared to 1.6 in 2023[69] Operational Efficiency and Strategy - The company aims to enhance production intelligence and service efficiency while promoting a green low-carbon layout[30] - The company aims to enhance operational efficiency through digital transformation and automation upgrades[39] - The company is committed to green and low-carbon development, focusing on renewable energy projects such as wind and solar power[40] - The company anticipates stable growth in the Chinese economy, supported by macroeconomic policies and increased domestic demand[45] - The company will leverage national strategies like the Belt and Road Initiative to enhance its market position and operational capabilities[46] Governance and Board Structure - The board consists of 8 directors, including 5 executive directors and 3 independent non-executive directors as of December 31, 2024[99] - The company held a total of 7 board meetings, 1 annual general meeting, and 1 special general meeting in 2024[104] - All directors confirmed compliance with the standard code of conduct for securities trading during the applicable period ending December 31, 2024[98] - The company has adopted a mechanism to ensure the board receives independent views and opinions, which was reviewed for effectiveness as of December 31, 2024[112] - The board is responsible for overseeing the company's business, overall strategy, corporate governance, risk management, and financial performance[102] Risk Management and Internal Controls - The company has confirmed that its risk management and internal control systems are adequate and effective in all significant aspects, including financial, operational, and compliance monitoring[134] - The internal audit department is responsible for reviewing the effectiveness of the risk management and internal control systems and reports directly to the audit committee[141] - The company has established a structured risk identification and assessment process to manage significant risks impacting its objectives[139] - Regular reviews of the risk management and internal control systems are conducted to adapt to changing business environments and emerging risks[139] Employee and Management Information - The group had approximately 5,399 employees as of December 31, 2024, with a focus on employee development and training to enhance productivity[179] - The company has a three-year service contract with each executive director, which can be extended[196] - The company has purchased directors and officers liability insurance for its board members[199] Shareholder Communication - The company emphasizes regular communication with shareholders to enhance long-term shareholder value and has established a shareholder communication policy that is reviewed periodically[151] - The company encourages shareholders to participate in annual general meetings and welcomes their feedback and questions[150] - The company has a commitment to protecting shareholder privacy and complies with applicable data protection laws[158]
天津港发展(03382) - 2024 - 年度财报