Financial Performance - The company's revenue for 2021 was HKD 18,541.93 million, a decrease of 4.7% from HKD 19,452.41 million in 2020[34]. - The profit before tax for 2021 was HKD 8,718.13 million, down 4.3% from HKD 9,110.60 million in 2020[34]. - The net profit attributable to shareholders for 2021 was HKD 3,562.68 million, a decrease of 11.0% compared to HKD 4,006.97 million in 2020[34]. - The total revenue of the company's core business reached HKD 16.680 billion, while profit attributable to shareholders decreased by 11% year-on-year to HKD 3.563 billion[61]. - The company's core business profit attributable to shareholders increased by 47% year-on-year to HKD 2.704 billion, with logistics business revenue and profit rising by 29% and 199% to HKD 2.368 billion and HKD 0.507 billion respectively[61]. - The company recorded a pre-tax profit of approximately HKD 4.771 billion from the sale of a 35.7% stake in the Meilin Pass project, significantly boosting operational funds[67]. - The company’s toll road business continues to provide stable cash flow and revenue, supporting the development of new businesses in the environmental sector[68]. - The company’s port and related services revenue rose by 92% to HKD 2.71 billion, with shareholders' profit increasing by 19% to HKD 107.89 million[128]. Strategic Investments and Acquisitions - The company aims to expand its logistics services and environmental protection investments through mergers and acquisitions and restructuring efforts[18]. - The company signed an agreement to acquire 71.83% of Shenzhen Investment Holdings Bay Area Development Co., enhancing its competitive advantage in the toll road sector[42]. - The company has invested in Zhongtong Supply Chain Management Co., becoming its third-largest shareholder, to accelerate its layout in the smart logistics industry[41]. - The company completed the acquisition of 100% of Shenzhen Investment Holdings Infrastructure Company for a total consideration of up to HKD 10.479 billion, enhancing its core advantages in toll road investments and operations[87]. - The company acquired 70% of Shenzhen Seg Technology Development Co. aims to develop a digital logistics port in Pingshan District[47]. - The company successfully acquired logistics assets in key cities, expanding its asset scale and market position[86]. - The company is actively seeking investment opportunities in inland port networking to expand its port business scale and plans to pursue an IPO[76]. Logistics and Infrastructure Development - The company operates multiple logistics parks across various cities, enhancing its logistics network and service capabilities[19]. - The construction of the Shenzhen Pinghu National Logistics Hub has commenced, aiming to create the largest "road-rail" multimodal transport center in Asia[43]. - The company successfully secured land in Yantian Comprehensive Bonded Zone to create a leading digital and green bonded logistics port[49]. - The company launched the "Deep International Special Train" to facilitate cross-border e-commerce and foreign trade for SMEs in the Greater Bay Area[51]. - The company aims to develop a comprehensive logistics ecosystem covering land, water, air, and rail, enhancing its multi-modal transport capabilities[61]. - The company is actively expanding in Shenzhen and the Greater Bay Area, participating in 6 out of 7 external logistics hubs and 7 out of 30 secondary logistics transfer centers, holding the largest area and project numbers[77]. - The company is focusing on upgrading its logistics business and expanding its operational capabilities[61]. Environmental and Sustainable Development - The company is committed to sustainable development through its "1+4" innovative assistance model, contributing to rural revitalization and winning accolades for its poverty alleviation efforts[75]. - The company has increased its kitchen waste treatment capacity by acquiring 70% equity in Shenzhen Lishai Environmental Technology Co., further enhancing its market share in Shenzhen[70]. - The company is focusing on clean energy and solid waste resource management as part of its environmental business strategy[146]. - The revenue and net profit of the environmental protection business decreased by 25% and 43% year-on-year to HKD 2.17 billion and HKD 205 million, respectively, primarily due to a significant decline in wind turbine equipment sales compared to the previous year's surge[153]. Corporate Governance and Management - The company has implemented a five-level authorization system to enhance decision-making efficiency within its board structure[72]. - The company has established a long-term incentive mechanism at the subsidiary level to align compensation with performance, enhancing team combat effectiveness[74]. - The company emphasizes corporate governance and strategic planning as part of its operational framework[188]. - The board of directors includes experienced professionals with backgrounds in finance, engineering, and corporate management[186]. - The company has adopted a dividend policy that ensures at least 30% of core business profits are distributed to shareholders annually[189]. Future Outlook and Challenges - The company anticipates continued global economic recovery in 2022, driven by the widespread distribution of COVID-19 vaccines and ongoing fiscal and monetary policies, despite challenges such as inflation and supply chain shortages[157]. - The company acknowledges challenges such as resource expansion difficulties and increasing industry competition but remains confident in becoming a top-tier industrial group in Shenzhen and nationwide[80]. - The company aims to enhance its logistics infrastructure and expand its scale through investments and acquisitions, focusing on smart warehouses, cold chain logistics, and environmental protection businesses[157]. - The company plans to strengthen its toll road and environmental protection businesses, responding to the "dual carbon" policy by expanding into wind power, photovoltaic power stations, and waste treatment projects[79].
深圳国际(00152) - 2021 - 年度财报