嘉里物流(00636) - 2021 - 年度财报

Financial Performance - Revenue for the year 2021 reached HKD 81,771 million, representing a 53% increase compared to the previous year[9] - Core operating profit was HKD 6,229 million, an increase of 88% year-on-year[9] - Shareholders' profit attributable to the company was HKD 7,939 million, reflecting a 174% growth from the previous year[9] - Core net profit increased by 102% to HKD 3,692 million[9] - The group's revenue increased by 53% to HKD 81.77 billion in 2021, compared to HKD 53.36 billion in 2020[30] - Core operating profit rose by 88% to HKD 6.23 billion in 2021, up from HKD 3.32 billion in 2020[31] - Core net profit increased by 102% to HKD 3.69 billion in 2021, compared to HKD 1.83 billion in 2020[31] - Shareholders' profit attributable to the company surged by 174% to HKD 7.94 billion in 2021, from HKD 2.90 billion in 2020[31] - The annual profit attributable to shareholders was HKD 7,938,653, compared to HKD 2,895,757 in the previous year, marking an increase of around 174.5%[189] Logistics Operations - The company operates over 51,000 square feet of facilities globally and employs more than 6,900 staff[6] - The company has over 4,500 self-owned operational vehicles[6] - The company is focused on expanding its logistics network in Asia, particularly in China[6] - The logistics industry faced unprecedented challenges in 2021, but also created significant opportunities for flexible and innovative supply chain solutions[28] - The group’s logistics operations in mainland China recorded a 33% growth due to increased manufacturing activities driven by procurement orders returning from other Asian countries[37] - The comprehensive logistics business in Hong Kong contracted by 14% due to the sale of warehouses and social distancing measures impacting retail activities[34] - The company reported a significant increase in logistics services, expanding its operations from Hong Kong to mainland China and further into Europe, America, and Africa[93] Strategic Partnerships and Acquisitions - A strategic partnership with SF Holding was established to enhance the group's logistics capabilities in response to supply chain disruptions[39] - The company launched a new trans-Pacific air freight service connecting multiple locations in Asia to the United States on September 5, 2021[38] - The acquisition of Apex Group was completed, with the company holding 100% ownership after purchasing the remaining 49% in 2020, enhancing its position as a major player in trans-Pacific trade logistics[94] - The company plans to acquire Topocean Consolidation Service (Los Angeles), Inc. for a total consideration of up to $240 million[124] Corporate Governance - The company has established a board committee to oversee corporate governance and ensure compliance with applicable laws and regulations[55] - The board of directors is responsible for major decisions, including policy approval, overall strategy, and risk management systems[56] - The company has implemented a formal onboarding process for newly appointed directors to ensure they understand the business and their responsibilities[59] - The board's composition includes both executive and non-executive directors, ensuring a diverse range of perspectives[56] - The company has established a governance framework to ensure compliance with legal and regulatory requirements[74] - The company emphasizes the importance of independent non-executive directors in its governance structure[75] - The company has established clear written terms of reference for each of the five committees to ensure accountability and transparency[66] Risk Management - The risk management committee was formed in November 2015, focusing on evaluating the company's risk management system and providing recommendations to the board[80] - The board believes that the risk management and internal control systems are effective and sufficient, having been reviewed annually by the audit and compliance committee and the risk management committee[83] - The risk management system aims to manage risks rather than eliminate them, providing reasonable assurance against significant misstatements or losses[83] - The company has implemented a whistleblowing policy to allow employees and related parties to confidentially report any potential misconduct[85] Sustainability and ESG - The company has received multiple accolades for its ESG performance, including the ESG Leading Enterprise Award from Bloomberg Businessweek in 2021[42] - The company is committed to sustainability initiatives, aiming to reduce its carbon footprint through improved logistics practices and technology[94] - The company achieved ISO 14001 international certification, reflecting its commitment to high environmental standards and sustainable operations[110] Market Expansion and Future Outlook - The company has plans for market expansion and new product development in the upcoming fiscal year[6] - The company aims to enhance its market presence through strategic acquisitions and partnerships, leveraging its strong financial position[92] - The company has set ambitious performance targets for the upcoming fiscal year, aiming for a revenue growth of over 15%[92] - Future outlook includes continued investment in technology and infrastructure to improve service efficiency and customer satisfaction[93] Financial Position and Liabilities - As of December 31, 2021, the group's total bank loans amounted to HKD 5.911 billion, with HKD 2.649 billion (approximately 62%) due within one year[40] - The group's asset-to-liability ratio as of December 31, 2021, was 29.0%, down from 33.6% in 2020[40] - The total unused bank loans and overdraft credit available as of December 31, 2021, was HKD 8.283 billion, which can be allocated for significant capital expenditures[40] - The group maintained 96% of its bank loans as unsecured debt, with only HKD 243 million (approximately 4%) being secured[40] Awards and Recognition - The group received 102 awards in total, including corporate awards, industry awards, and recognitions from clients and business partners[46] - The company was recognized as the best third-party logistics service provider and best logistics service provider for sea freight in the 2021 Asia Cargo News Awards[51] - The company was awarded the 2021 Global Supply Chain Management Award in Hong Kong[54] Shareholder Information - The final dividend declared was HKD 0.50 per share[9] - The company aims to distribute approximately 30% of its core net profit to shareholders as dividends for each fiscal year, subject to board discretion and shareholder approval[88] - The board has proposed a final dividend of HK$0.50 per share for the year ended December 31, 2021, subject to shareholder approval[125]