海港企业(00051) - 2023 - 年度业绩

Financial Performance - The group reported a loss attributable to shareholders of HKD 107 million for 2023, compared to a loss of HKD 197 million in 2022[2]. - The basic loss per share was HKD 0.15, an improvement from HKD 0.28 in the previous year[13]. - The net loss for the year was HKD 202 million, a slight improvement from a net loss of HKD 227 million in 2022[29]. - Total comprehensive loss for the year amounted to HKD 896 million, compared to HKD 544 million in 2022, indicating a significant increase in losses[29]. - The total tax provision for the year was HKD 49 million, up from HKD 21 million in the previous year, with a tax rate of 16.5% applied in Hong Kong and 25% in mainland China[48]. - The company reported a basic and diluted loss per share of HKD 107 million for the year, compared to a loss of HKD 197 million in the previous year, with 708.8 million shares issued in both years[49]. Revenue and Profitability - Total revenue increased by 39% to HKD 1.579 billion, up from HKD 1.139 billion in 2022[9]. - Revenue for the year ended December 31, 2023, was HKD 1,579 million, an increase of 38.7% compared to HKD 1,139 million in 2022[28]. - Hotel revenue surged by 65% to HKD 952 million, with operating profit of HKD 26 million, compared to a loss of HKD 240 million in 2022[9]. - Operating profit before depreciation, interest, and tax for 2023 was HKD 622 million, up from HKD 257 million in 2022, representing a growth of 142.4%[28]. - The investment property segment reported a profit of HKD 213 million, up from HKD 189 million in the previous year, reflecting a growth of 12.6%[38]. - The development property segment incurred a loss of HKD 646 million in 2023, compared to a loss of HKD 231 million in 2022, indicating a deterioration in performance[38]. - The group's operating profit for 2023 was HKD 408 million, significantly higher than HKD 29 million in 2022, representing a remarkable increase of approximately 1,303.4%[44]. Assets and Liabilities - Total assets amounted to HKD 16.89 billion, down from HKD 18.84 billion in 2022, with operating assets (excluding cash and deferred tax assets) at HKD 16.29 billion[16]. - Non-current assets totaled HKD 15,243 million as of December 31, 2023, down from HKD 15,945 million in 2022[32]. - Current assets decreased to HKD 1,653 million in 2023 from HKD 2,904 million in 2022, reflecting a decline of 42.9%[32]. - Total liabilities decreased to HKD 2,458 million in 2023 from HKD 3,515 million in 2022, a reduction of 30.1%[32]. - Net assets as of December 31, 2023, were HKD 14,438 million, down from HKD 15,334 million in 2022, indicating a decrease of 5.8%[32]. Investment and Development - The group recorded an impairment provision of HKD 697 million for development properties due to a sluggish commercial property market[6]. - The group plans to incur capital and development expenditures totaling HKD 600 million over the next few years, primarily for property development[25]. - Investment properties reached HKD 5.09 billion, compared to HKD 5.005 billion in 2022, including the base shopping mall of Marco Polo Hong Kong[18]. - The value of equity investments at market price was HKD 2.52 billion, down from HKD 3.19 billion in 2022, with a net loss of HKD 670 million recorded[19]. Cash Flow and Financial Position - The group's net cash inflow from operating activities was HKD 278 million, a turnaround from a cash outflow of HKD 147 million in 2022[24]. - The group's net debt as of December 31, 2023, was HKD 145 million, down from HKD 464 million in 2022, with a total equity-to-debt ratio of 1%[21]. - Net financial expenses decreased to HKD 38 million from HKD 43 million in the previous year[12]. - The total depreciation expense for the group was HKD 214 million in 2023, slightly down from HKD 228 million in 2022, a decrease of approximately 6.1%[44]. Market Outlook and Strategic Considerations - The group anticipates continued uncertainty in the hotel and retail sectors in Hong Kong and mainland China for 2024, despite expected recovery in passenger traffic[7]. - The board will review the dividend policy based on future development prospects and financial needs[26]. - The company maintained a credit policy allowing a payment period of up to 60 days for core business operations[50]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the fiscal year[54]. Governance and Oversight - The board of directors consists of experienced members, ensuring balanced power and authority distribution[53]. - The company’s financial performance for the year has been reviewed by the audit committee, with no discrepancies noted[52].