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中信国际电讯(01883) - 2022 - 年度业绩
CITIC TELECOMCITIC TELECOM(HK:01883)2023-03-16 04:02

Financial Performance - The group's total revenue for 2022 was HKD 10.111 billion, an increase of approximately 6.6% compared to HKD 9.486 billion in the previous year[3]. - The profit attributable to shareholders for 2022 was HKD 1.191 billion, up 10.7% from HKD 1.076 billion in 2021[3]. - Basic earnings per share for 2022 were HKD 0.323, reflecting a 10.2% increase from the previous year[3]. - The board proposed a final dividend of HKD 0.185 per share, bringing the total dividend for 2022 to HKD 0.245 per share, an increase of 8.9% year-on-year[3]. - Total revenue for 2022 was HKD 10,111 million, an increase of 6.6% from HKD 9,486 million in 2021[18]. - Annual profit for 2022 reached HKD 1,224 million, up 10.6% from HKD 1,107 million in 2021[19]. - Basic earnings per share for 2022 were HKD 32.3, compared to HKD 29.3 in 2021, reflecting an increase of 10.2%[18]. - The company reported a total comprehensive income of HKD 1,139 million for 2022, compared to HKD 1,121 million in 2021[21]. - The company's profit attributable to shareholders increased by 10.7% year-on-year to HKD 1.191 billion, with basic earnings per share rising by 10.2% to HKD 32.3[54][57]. - Total revenue grew by 6.6% year-on-year to HKD 10.111 billion, driven primarily by a 11.7% increase in telecommunications service revenue to HKD 8.831 billion[54][58]. Market Expansion and Services - The company launched 5G services in Macau on November 14, 2022, becoming the first operator to do so, with over 150,000 5G users by March 15, 2023[4]. - The company expanded into Southeast Asia, obtaining an ISP license in Indonesia and registering the "Pacific Internet" trademark in Vietnam[7]. - Revenue from mobile communication services and internet business was HKD 2,158 million, a decrease of 8.2% from HKD 2,685 million in 2021[29]. - International telecommunications business revenue surged to HKD 3,453 million, up 40.3% from HKD 2,461 million in 2021[29]. - Revenue from Hong Kong was HKD 4,636 million in 2022, an increase from HKD 3,737 million in 2021[38]. - The company launched 5G mobile communication services in Macau in mid-November 2022, with over 62,000 5G users by December 31, 2022[59]. Research and Development - The R&D team grew to 334 members by the end of 2022, a 17% increase year-on-year, enhancing the company's innovation capabilities[8]. - The company aims to enhance its R&D capabilities, focusing on AI and big data applications to boost competitiveness[15]. - The company has accelerated technological innovation and product development to meet customer demands and maintain industry leadership[94]. Operational Efficiency - The cost of providing telecommunications services increased to 4,520 million HKD in 2022 from 3,900 million HKD in 2021, reflecting a rise of 15.9%[41]. - Depreciation expenses for property, plant, and equipment rose to 612 million HKD in 2022, up from 562 million HKD in 2021, an increase of 8.9%[42]. - Employee costs, including directors' remuneration, totaled 1,169 million HKD in 2022, compared to 1,082 million HKD in 2021, marking an increase of 8.0%[43]. - Sales and service costs increased by 5.8% year-on-year to HKD 5.775 billion, primarily due to higher telecom service revenue[66]. - Depreciation and amortization expenses rose by 1.9% to HKD 914 million, with approximately HKD 7 million attributed to 5G-related equipment depreciation[67]. Financial Position and Liabilities - The total assets minus current liabilities stood at HKD 15,381 million in 2022, a decrease from HKD 15,725 million in 2021[23]. - Non-current liabilities included HKD 4,337 million in non-current bank borrowings, down from HKD 4,946 million in 2021[24]. - Total assets decreased to HKD 18,181 million in 2022 from HKD 18,382 million in 2021[36]. - The company’s liabilities decreased to HKD 7,710 million in 2022 from HKD 8,206 million in 2021[36]. - Net borrowings decreased to HKD 2.534 billion, with the net debt-to-equity ratio improving from 27% to 20%[77][79]. - The total borrowings reduced to HKD 4.520 billion, primarily due to early repayment of HKD 930 million in bank and other loans[80]. Corporate Governance and Social Responsibility - The board of directors has ensured compliance with the corporate governance code, with independent non-executive directors now constituting one-third of the board following recent appointments[97]. - The company has actively engaged in sustainable development initiatives, aiming to create shared value for stakeholders and improve its environmental performance through quantifiable goals[96]. - The group has achieved ISO/IEC 27001 certification for its information security management system, ensuring the stability and effectiveness of its data protection measures[94]. - The group has implemented a series of measures to safeguard employee health and safety during the COVID-19 pandemic, emphasizing the importance of work-life balance[95]. - The company has been recognized with multiple awards for its contributions to society, highlighting its commitment to community support and development[96]. Future Outlook - The company plans to expand into new markets, particularly in Southeast Asia, leveraging strategic opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area[17]. - Forward-looking statements indicate potential risks and uncertainties that may cause actual performance to differ significantly from expectations[100]. - Annual report to be published in mid to late April 2023 on the company's and the stock exchange's websites[101].