长江基建集团(01038) - 2021 - 年度财报

Financial Performance - Shareholders' profit attributable to the company reached HKD 7,515 million, an increase from HKD 7,320 million in the previous year, representing a growth of 2.67%[5] - The company reported an operating cash flow of HKD 8.4 billion, indicating strong liquidity and operational efficiency[4] - The net debt to total equity ratio stands at 14.7%, reflecting a stable financial structure and credit rating from Standard & Poor's[7] - The proposed final dividend is HKD 4,560 million, maintaining a consistent dividend policy with a slight increase from HKD 4,510 million last year[10] - Total assets amounted to HKD 162,999 million, a decrease from HKD 167,411 million in the previous year, indicating a need for strategic asset management[11] - The earnings per share for 2021 was HKD 2.98, up from HKD 2.91 in 2020, showing improved profitability on a per-share basis[11] - The total equity attributable to shareholders increased to HKD 115,834 million from HKD 111,442 million, reflecting a solid growth in shareholder value[11] - Shareholders' profit attributable was HKD 7.515 billion, up 3% year-on-year; adjusted profit increased by 22% after excluding certain non-cash tax items[15] - The proposed final dividend is HKD 1.81 per share, totaling HKD 2.50 for the year, reflecting continuous dividend growth over 25 years since listing[16] - In 2021, the company reported a profit attributable to shareholders of HKD 7.515 billion, which is 8.8 times the profit in 1996[32] - The operating cash flow reached a record high of HKD 8.4 billion in 2021, reflecting the company's strong financial performance[35] - The company declared a full-year dividend of HKD 2.50 per share in 2021, marking 25 consecutive years of dividend growth since its listing[32] Investment Strategy - The company has diversified investments across various regions, including energy infrastructure in New Zealand and the UK, and water management in Canada[9] - The company is focused on expanding its infrastructure investments globally, with significant projects in Europe, Australia, and North America[9] - CK Infrastructure is strategically positioned to pursue acquisitions that align with its investment strategy, leveraging its strong financial foundation[29] - The company is actively exploring new investment opportunities in sustainable development, particularly in renewable energy sectors[28] - The company focuses on acquiring high-quality businesses that provide substantial recurring returns to enhance its investment portfolio[46] - The company is investing in new infrastructure projects aimed at achieving net-zero energy systems, positioning itself as a leader in environmental sustainability[48] Operational Performance - The company has maintained a consistent annualized total return of over 9% for shareholders since its listing[32] - CK Infrastructure Holdings has demonstrated resilience during the COVID-19 pandemic, maintaining stable cash flow and uninterrupted service to customers[36] - The regulated businesses of CK Infrastructure have recently completed regulatory restructuring, providing predictable stable income for the coming years[29] - The company has received accolades for its operational performance, with UK Power Networks and Northumbrian Water winning the "Utility of the Year" award in the UK[37] - The company has established a robust operational framework over the past 25 years, enabling it to withstand market fluctuations and operational challenges[44] Environmental Sustainability - The company has been recognized for its leadership in environmental sustainability, with various projects aimed at achieving net-zero carbon goals[42] - UK Power Networks aims for net zero emissions, with a carbon reduction plan recognized by the Science-Based Target Initiative, targeting a reduction of over 17.8 million tons of greenhouse gas emissions by 2050[68] - Northumbrian Water aims to achieve net-zero emissions by 2027 as part of its "Possible Emissions" plan, and has received a four-star rating in the Environmental Performance Assessment by the Environment Agency[72] - The group is focused on strategic environmental initiatives to protect biodiversity and promote responsible use of natural resources[185] - The group has committed to achieving net-zero emissions across multiple business sectors, including UK Power Networks, which is the first UK distribution network operator to have its carbon reduction plans externally verified by the Science Based Targets Initiative[186] Corporate Governance - The company has a strong leadership team with extensive experience in finance and management, including executives with backgrounds in global financing and risk management[137][138][139][140][141][142][143] - The company has appointed independent non-executive directors with extensive experience in various sectors, enhancing governance and oversight[144][145][146][147] - The board includes members with backgrounds in finance, engineering, and international trade, contributing to diverse strategic insights[144][145][146][147] - The company emphasizes sustainability and environmental initiatives, with directors having experience in waste reduction and sustainable development[147] - The board's composition reflects a commitment to diversity and inclusion, with members from various professional backgrounds and expertise[144][145][146][147] Market Expansion - The company is exploring strategic acquisitions to enhance its market position, with a target of completing at least two acquisitions in the next 12 months[142] - The company has expanded its market presence in Asia, with a 30% increase in sales in the region compared to the previous year[140] - The group is focused on sustainable development practices and stakeholder engagement to adapt to changing market demands[188] - The group is committed to reducing environmental and social risks in its supply chain by aligning supplier practices with its corporate commitments[190] Risk Management - Significant risks and uncertainties faced by the group are outlined in the risk factors section of the report[184] - The group has experienced increased regulatory requirements and stakeholder concerns related to climate change and energy transition[185] Employee Engagement - The group emphasizes the importance of attracting and retaining talent by offering competitive compensation and additional rewards for employees contributing to the company's growth and profitability[188] - The group has established a flexible benefits program in the UK to enhance employee engagement and commitment[188]