鹰君(00041) - 2023 - 年度业绩

Financial Performance - Core business revenue increased by 15.1% to HKD 7,522.3 million from HKD 6,536.3 million[3] - After-tax core profit attributable to equity holders rose by 32.5% to HKD 1,858.1 million, up from HKD 1,402.6 million[3] - Total revenue under statutory accounting standards grew by 19.8% to HKD 10,644.2 million compared to HKD 8,884.8 million[4] - Total revenue for the year ended December 31, 2023, increased by 19.8% to HKD 10,644.2 million compared to HKD 8,884.8 million in 2022[12] - Core operating income increased by 23.3% to HKD 3,161.2 million, compared to HKD 2,563.4 million in 2022[14] - The net profit for the year was HKD 828,037 thousand, a significant recovery from a loss of HKD 410,814 thousand in 2022[82] - Basic earnings per share for 2023 was HKD 1.02, compared to a loss per share of HKD 0.25 in 2022[81] - The company reported a profit attributable to shareholders of HKD 763,511,000 for 2023, a significant recovery from a loss of HKD 181,404,000 in 2022[105] Revenue Breakdown - Hotel segment revenue surged by 25.5% to HKD 4,932.9 million from HKD 3,929.1 million[7] - Hotel segment revenue rose by 34.4% to HKD 6,550.4 million, up from HKD 4,872.8 million in the previous year[11] - Total revenue for the hotel grew by 87.7% year-on-year to HKD 576.5 million in 2023[36] - The hotel achieved a 1.5 times increase in room revenue compared to 2022, with occupancy rising from 66.4% to 89.8% and average room rate increasing by 14.7% to HKD 1,638 per night, leading to a 55.2% rise in revenue per available room to HKD 1,471[37] - Total revenue for the hotel increased by 76.8% year-on-year to HKD 654.8 million in 2023[37] - The hotel’s occupancy rate rose from 73.4% in 2022 to 87.0% in 2023, with average room rate increasing by 21.8% to HKD 1,110 per night, resulting in a 44.4% increase in revenue per available room[38] - Total revenue from the Crown Industrial Trust decreased by 8.7% to HKD 1,031.4 million in 2023, with the group's share of distribution income falling by 12.3% to HKD 698.6 million[28][29] Property Sales and Rental Income - Property sales revenue reached HKD 1,075.1 million, marking a 16.9% increase from HKD 920.0 million[7] - The company recorded property sales revenue of HKD 798.1 million, a significant increase of 74.5% from HKD 457.3 million in the previous year[12] - Net rental income from LHI increased by 57.6% to HKD 494.7 million, up from HKD 313.8 million in 2022[12] - Rental income from investment properties was HKD 2,477,189 in 2023, slightly down from HKD 2,497,221 in 2022, indicating a decrease of about 0.8%[92] - Average selling price of residential units in the White Stone Corner project was HKD 21,564 per square foot, with 664 units sold, representing 91.8% of total units[18] Costs and Expenses - Financial costs increased by 58.1% to HKD 1,311.7 million due to rising market interest rates[12] - Employee costs, including director remuneration, amounted to HKD 2,946.7 million for the year ended December 31, 2023, up from HKD 2,456.9 million in 2022[75] - The company’s income tax expense for 2023 was HKD 497,991, up from HKD 470,153 in 2022[100] - The company incurred a total depreciation expense of HKD 2,462,680,000 across its segments[96] Assets and Liabilities - The total assets of the group amounted to HKD 98,801 million, with total liabilities of HKD 33,479 million, resulting in a net asset value of HKD 65,322 million[9] - The group's net borrowing increased to HKD 28,411 million as of December 31, 2023, up from HKD 27,270 million a year earlier, primarily due to additional loans for development projects[56] - The group's equity attributable to shareholders was valued at HKD 56,779 million, a decrease of HKD 41 million from the previous year due to valuation losses on investment properties[56] - Current liabilities increased to HKD 22,722,227 thousand from HKD 18,123,852 thousand in 2022, reflecting a rise in short-term borrowings[83] Dividends - Total dividends per share for the year increased to HKD 0.87 from HKD 0.83[4] - The board recommends a final dividend of HKD 0.50 per share for the year ended December 31, 2023, maintaining the same level as the previous year[65] - The company declared a final dividend of HKD 0.50 per share for the fiscal year ending December 31, 2022, totaling HKD 373,862,000, compared to HKD 365,520,000 in 2021[102] Future Outlook and Expansion - The company plans to expand its new mid-scale hotel brand Ying'nFlo into mainland China, with the first location in Hong Kong starting operations in September 2023[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[85] - The company plans to continue expanding its market presence and exploring new investment opportunities in the real estate sector[95] - The group remains cautiously optimistic about the mid-term outlook for the Hong Kong property market, driven by recent economic stimulus measures[54] Corporate Governance - The company has complied with the corporate governance code and has implemented various best practices throughout the year[71] - The board believes that the dual role of the chairman and CEO is appropriate for the company, despite deviations from the corporate governance code[74] - All directors participated in continuous professional development in 2023, except for one non-executive director due to inactivity[73]