海港企业(00051) - 2022 - 年度财报

Financial Performance - The group's consolidated revenue decreased by 75% to HKD 1.139 billion, compared to HKD 4.448 billion in the previous year[14]. - Operating profit fell by 95% to HKD 29 million, down from HKD 588 million in the previous year[14]. - The company recorded a net loss of HKD 133 million, marking the first net loss since its listing in 1971, compared to a profit of HKD 40 million in the previous year[14]. - The company's revenue for 2022 was HKD 1,139 million, a decrease of 75% compared to HKD 4,484 million in 2021[17]. - The operating profit for 2022 was HKD 29 million, down 95% from HKD 588 million in the previous year[17]. - The basic net loss per share for 2022 was HKD 0.19, compared to a profit of HKD 0.28 per share in 2021, representing a decrease of 417%[17]. - The group recorded a net loss attributable to shareholders of HKD 197 million, compared to a profit of HKD 24 million in 2021, with a loss per share of HKD 0.28[31]. - The net cash outflow from operating activities was HKD 147 million in 2022, a significant decline from an inflow of HKD 1.13 billion in 2021[42]. - The company reported a significant decrease in operating expenses, with direct costs and operating expenses totaling HKD 650 million in 2022, down from HKD 3,383 million in 2021[167]. - The net cash used in operating activities was HKD (204) million in 2022, compared to HKD 1,150 million in 2021[175]. Asset and Liability Management - Total assets at year-end amounted to HKD 18.8 billion, with a net asset value per share of HKD 21.34[15]. - Total assets decreased by 8% to HKD 18,849 million from HKD 20,526 million in 2021[17]. - The net debt at year-end was HKD 464 million, compared to HKD 361 million at the end of the previous year, maintaining a low debt-to-equity ratio of 3%[15]. - The net debt to total equity ratio improved to 3.0% in 2022 from 2.3% in 2021[17]. - The group has maintained a standby credit facility of HKD 2.649 billion, with HKD 1.098 billion already utilized[41]. - The total liabilities decreased to HKD 3,515 million in 2022 from HKD 4,589 million in 2021, a decline of 23.4%[169]. Investment Properties - Investment property income increased to HKD 217 million, up from HKD 193 million in the previous year, with operating profit rising to HKD 189 million[15]. - The group's investment property income increased by 12% to HKD 217 million, with operating profit rising to HKD 189 million from HKD 161 million in 2021[25]. - The total investment properties reached HKD 5.005 billion in 2022, a decrease from HKD 5.138 billion in 2021[36]. - The valuation of investment properties as of December 31, 2022, was HKD 5,005 million, down from HKD 5,138 million in 2021, reflecting a revaluation loss[199]. - The fair value change of investment properties resulted in a loss of HKD 133 million in 2022, compared to a loss of HKD 10 million in 2021[167]. Hotel Operations - Hotel revenue slightly decreased to HKD 577 million, compared to HKD 580 million in the previous year, with an operating loss narrowing to HKD 240 million[14]. - The hotel segment faced challenges due to the pandemic, but local demand initiatives helped turn losses into operating profits[21]. - Total revenue for the hotel segment in 2022 was HKD 1,129 million, down from HKD 4,484 million in 2021[178]. - The total operating assets for the hotel segment decreased to HKD 6,748 million in 2022 from HKD 7,404 million in 2021[180]. Corporate Governance - The company has strengthened its corporate governance framework to enhance transparency and accountability for stakeholders[52]. - The company has applied all principles of the Corporate Governance Code during the fiscal year ending December 31, 2022, with one exception noted[52]. - The board consists of eight members, including one executive director, two non-executive directors, and five independent non-executive directors, ensuring a diverse governance structure[56]. - Independent non-executive directors account for 62.5% of the board, providing a strong independent element for effective governance[60]. - The company has adopted a formal nomination policy to ensure a diverse and balanced board composition[64]. Risk Management - The company has established a risk management and internal control system, which is reviewed in collaboration with the Risk Management and Internal Control Committee[78]. - The audit committee is authorized to continuously monitor and assess the effectiveness of the risk management and internal control systems[88]. - The group employs a risk management framework to identify and mitigate potential risks across its operations[145]. - The group has conducted climate risk assessments and scenario analyses to identify significant physical and transition risks and opportunities[153]. Sustainability and Community Engagement - The company has received the EarthCheck Gold Certification for its sustainability efforts, contributing to the goal of reducing greenhouse gas emissions by 30% by 2030[48]. - The company has implemented multiple measures to reduce its carbon footprint, including waste recycling and energy management[48]. - The company actively participates in local community activities, supporting education, environmental protection, and youth development initiatives[51]. Future Outlook - The outlook for 2023 is cautiously optimistic, with expectations of recovery in tourism and retail sectors in Hong Kong[16]. - The company plans to adapt its business strategy to seize opportunities in the post-pandemic environment[16]. - The group has withdrawn from the mainland property development market, with uncertain income and profit contributions expected in the coming years[7].