嘉里物流(00636) - 2022 - 年度财报

Financial Performance - Total revenue for the year reached HKD 86,649 million, representing a 10% increase compared to the previous year[9]. - Core operating profit was HKD 4,703 million, reflecting a 12% growth year-over-year[9]. - Shareholders' profit attributable increased by 8% to HKD 3,579 million, with a core net profit of HKD 3,572 million, up 11%[9][12]. - In 2022, the group's revenue increased by 10% to HKD 86.649 billion, compared to HKD 78.955 billion in 2021[28]. - Core net profit rose by 11% to HKD 3.579 billion, compared to HKD 3.220 billion in 2021[28]. - Total annual profit for 2022 was HKD 3,820,018, significantly lower than HKD 9,030,596 in 2021, indicating a decrease of approximately 57.7%[199]. - Basic earnings per share from continuing operations increased to HKD 1.98 in 2022, compared to HKD 1.84 in 2021, showing an increase of about 7.6%[199]. - The company reported no profit from discontinued operations in 2022, while it recorded HKD 4,765,506 in 2021[199]. Dividends and Payouts - The company declared a final dividend of HKD 0.38 per share, maintaining a total payout ratio of 48.3%[9]. - The company aims to distribute approximately 30% of its core net profit to shareholders as dividends each fiscal year, subject to board discretion and shareholder approval[99]. - The board proposed a final dividend of HKD 0.38 per share for the year ended December 31, 2022, subject to shareholder approval[133]. Capital Expenditures and Investments - Capital expenditures for the year amounted to HKD 7,480 million, with significant investments in logistics facilities and acquisitions[15]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[9]. - A strategic acquisition of a local logistics firm is in progress, expected to enhance operational efficiency and expand service offerings[106]. Logistics and Market Performance - The logistics segment achieved a profit of HKD 1,375 million, marking a 28% increase[9]. - The international freight segment saw a profit margin of 3%, indicating stable performance amidst market fluctuations[9]. - The integrated logistics segment recorded a profit increase of 28% due to rising service demand in Hong Kong[30]. - The international freight segment experienced only a 3% decline in profit despite significant market volatility[34]. Sustainability and Corporate Governance - The company has established a new sustainability committee in Q4 2022 to support its commitment to achieving net-zero emissions by 2050[24]. - The company aims to achieve net-zero emissions by 2050 and is implementing green logistics solutions[36]. - The board is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[55]. - The company has a policy to ensure compliance with all applicable laws, rules, and regulations through the company secretary's oversight[100]. Risk Management and Compliance - The risk management committee evaluated the company's risk management system and provided recommendations for improvement, focusing on financial, operational, and compliance controls[87]. - The company has implemented a whistleblowing policy to allow employees and stakeholders to confidentially raise concerns about any potential misconduct[93]. - The company has established mechanisms for correcting internal control deficiencies, with department heads held accountable for addressing issues across legal, regulatory, and operational aspects[94]. Awards and Recognition - Kerry Logistics Network has won a total of 120 awards, including corporate and industry accolades, highlighting its performance and service excellence[47]. - The company received multiple awards in 2022, including the Best Sustainable Development Team and the Outstanding Dividend Growth Award from the ESG Leading Companies Awards[48]. - The company was recognized as the Best Third-Party Logistics Provider at the Asia Freight Logistics and Supply Chain Awards in 2022[50]. Employee and Management Structure - The company employs approximately 43,900 staff, with a competitive salary structure and various employee benefits including training programs[41]. - The company has a structured process for the appointment, re-election, and removal of directors, ensuring compliance with company rules[59]. - The company has established a management trainee program to cultivate potential future leaders since 2001, addressing reliance on key management personnel[129]. Acquisitions and Related Party Transactions - The company acquired Topocean in California for a total consideration of up to $240 million, which will become a wholly-owned subsidiary[152]. - The company agreed to acquire certain transportation and operational assets from SF Tyson for a total consideration not exceeding RMB 50 million[153]. - The independent non-executive directors confirmed that the related party transactions for the year ended December 31, 2022, were conducted in the ordinary course of business and on normal commercial terms[166]. Financial Management and Reporting - The financial statements for the year ended December 31, 2022, have been audited by PwC, confirming that they present a true and fair view of the company's financial position[186]. - The company’s financial reporting process is overseen by the audit and compliance committee, ensuring compliance with Hong Kong Financial Reporting Standards[194]. - The audit aimed to provide reasonable assurance that the consolidated financial statements are free from material misstatement due to fraud or error[195].