鹰君(00041) - 2021 - 年度财报

Financial Performance - The core business after-tax profit for the fiscal year 2021 was approximately HKD 1,361 million[4]. - Core profit attributable to equity holders fell by 23.2% to HKD 1,360.6 million, down from HKD 1,771.9 million[21]. - Total revenue for the year was HKD 7,830.4 million, a decline of 24.0% compared to HKD 10,305.3 million in the previous year[21]. - Core business revenue decreased by 31.0% to HKD 5,696.9 million from HKD 8,261.9 million[21]. - Property sales revenue dropped significantly by 64.7% to HKD 1,802.0 million from HKD 5,107.9 million[21]. - The company declared a total annual dividend of HKD 1.33 per share, down from HKD 2.83 per share in the previous year[21]. - The total dividend for the fiscal year 2021 is expected to be HKD 1.33 per share, compared to HKD 2.83 per share for the fiscal year 2020[9]. - Total assets as of December 31, 2021, amounted to HKD 103,625 million, with total liabilities of HKD 34,815 million[22]. - The company holds a 67.76% interest in Champion REIT and a 69.39% interest in LHI as of December 31, 2021[3]. Hotel Operations - The hotel portfolio consists of 27 hotels with over 10,000 rooms globally, including 24 hotels in various major cities[3]. - Hotel segment revenue increased by 60.4% to HKD 2,085.7 million, up from HKD 1,300.1 million[21]. - The hotel division recorded an EBITDA loss of HKD 105.4 million, significantly reduced from a loss of HKD 625.8 million in the previous year, representing an improvement of HKD 520.4 million or 83.2%[25]. - The average occupancy rate for the London Langham Hotel improved to 22.8% from 19.0% in 2020[30]. - The total revenue for Hong Kong Langham Hotel increased by 52.3% year-on-year, excluding other income from government subsidies[48]. - The occupancy rate for Hong Kong Cordis Hotel improved to 36.0% in 2021 from 22.5% in 2020, with a 55.4% increase in food and beverage revenue[49]. - The total revenue for Hong Kong Cordis Hotel increased by 48.2% year-on-year, excluding other income from government subsidies[49]. - The total revenue for Hong Kong Eaton Hotel increased by 36.1% year-on-year, excluding other income from government subsidies[50]. Development Projects - Development projects include two premium residential projects in Hong Kong and several hotel development projects in the US, Japan, and Italy[3]. - The company successfully acquired a luxury residential development project in Ho Man Tin, Hong Kong, in February 2021[25]. - The residential development project in Ho Man Tin has a total gross floor area of approximately 742,000 square feet, with construction expected to commence in April 2022[55]. - The company acquired a hotel redevelopment site in Tokyo for 22.2 billion JPY, with a total floor area of approximately 380,000 square feet planned for a flagship hotel with 270 rooms[57]. - The Venice Murano Island hotel project, acquired for €32.5 million, will consist of 133 rooms and a total floor area of approximately 170,000 square feet, combining historical restoration with new construction[59]. Financial Position and Debt - As of December 31, 2021, the company's consolidated net debt was HKD 27.28 billion, an increase of HKD 5.45 billion from the previous year, primarily due to cash premiums paid for the Whampoa project[60]. - The company's leverage ratio as of December 31, 2021, was 34.0%, calculated based on the net debt attributable to shareholders[61]. - The total outstanding borrowings included floating rate borrowings of HKD 17,444 million (52.1%) and fixed rate borrowings of HKD 16,058 million (47.9%)[63]. - The group's cash, bank deposits, and unutilized confirmed credit totaled HKD 15,178 million as of December 31, 2021[64]. Sustainability and ESG Initiatives - The company aims to achieve net-zero emissions by 2045 as part of its long-term climate leadership strategy[74]. - The company reported a 24.9% decrease in energy consumption intensity compared to 2019[77]. - The company has established a comprehensive ESG policy framework to integrate sustainability into its operations[79]. - The company has implemented a governance structure that includes a board of directors overseeing overall sustainability trends[78]. - The company has developed a set of policies and procedures to guide the achievement of planned ESG outcomes[79]. - The hotel division achieved EarthCheck certification, with one hotel receiving Master certification for over 15 years of sustainability efforts, and six hotels obtaining Platinum certification (over 10 years)[93]. - The company has established an environmental management system (e.g., ISO 14001) to identify and mitigate significant environmental impacts, focusing on energy consumption, carbon emissions, and water usage[90]. - The company has not incurred any environmental fines during the year and complies with all relevant environmental laws and regulations[90]. Corporate Governance - The company emphasizes high standards of corporate governance to enhance its image and strengthen shareholder confidence[80]. - The company has established a policy to prevent fraud, bribery, and corruption, outlining minimum behavioral standards for all employees[186]. - The board consists of 15 members, including 7 executive directors, 3 non-executive directors, and 5 independent non-executive directors, ensuring a balanced representation for independent judgment[193]. - The company has a whistleblowing policy in place to protect whistleblowers and provide channels for reporting misconduct[189]. - The company has complied with most provisions of the corporate governance code during the year, with some deviations noted, particularly regarding the roles of the Chairman and CEO[190]. Community Engagement and Social Responsibility - The company continues to support the Music Children Foundation, promoting music education for underprivileged youth through the Eagle Music Children's Orchestra[149]. - The company participated in community service initiatives, including food packaging and support for families in need during the pandemic[155]. - The company established a strategic partnership with Green Monday to promote plant-based diets, aiming to alleviate climate change and food insecurity[153]. - The initiative includes the launch of Hong Kong's first vegetarian culinary academy, focusing on training professionals in plant-based cooking[153]. Employee Engagement and Development - The total employee turnover rate was 41%, with a notable increase in turnover among employees under 20 years old, rising from 112 to 131[123]. - In 2021, the average training hours per employee in the hotel division was 20 hours, an increase from 12 hours in 2020[137]. - The company has established a cross-departmental task force to coordinate pandemic prevention efforts and emergency response plans[127]. - The company organized health promotion activities, including yoga and Zumba classes, to enhance employee well-being[125].