Financial Performance - Revenue for the year was HKD 8,048,171,000, a decrease of 5% compared to HKD 8,446,999,000 in the previous year[1] - EBITDA was HKD 2,175,944,000, down 23% from HKD 2,837,942,000 year-on-year[1] - Profit attributable to equity shareholders was HKD 340,201,000, a significant decline of 69% from HKD 1,110,385,000 in the previous year[1] - Total comprehensive income for the year was a loss of HKD 1,244,305,000, compared to a profit of HKD 1,546,104,000 in the previous year[3] - The company's revenue for the year ended December 31, 2022, was approximately HKD 8,048,171,000, a decrease of 5% compared to HKD 8,446,999,000 in 2021[44] - The company's profit attributable to equity shareholders for the year was approximately HKD 340,201,000, a decrease of 69% from HKD 1,110,385,000 in 2021[44] - Basic earnings per share for the year were HKD 0.1647, down 37.27 HKD cents from HKD 0.5374 in 2021[44] - Gross profit for 2022 was HKD 1,683,448,000, down 28.3% from HKD 2,345,971,000 in the previous year[183] - The net profit for the year was HKD 345,000,000, a significant decline of 69.1% compared to HKD 1,120,031,000 in 2021[183] Dividends - No final dividend was declared, compared to a final dividend of HKD 0.04 per share last year; total annual dividend per share decreased by 67% to HKD 0.036 from HKD 0.11[1] - The total dividend for the year 2022 is HKD 3.6 per share, with a dividend payout ratio of 21.9%, down from HKD 11.0 per share in 2021[151] Assets and Liabilities - Total assets decreased to HKD 39,156,376,000 from HKD 40,539,581,000 year-on-year[14] - Total liabilities decreased to HKD 25,622,091,000 from HKD 26,394,214,000 year-on-year[14] - The company's total loans as of December 31, 2022, amounted to approximately HKD 20,736,525,000, an increase of about HKD 185,429,000 from HKD 20,551,096,000 at the end of 2021[176] - The total liabilities decreased to HKD 16,560,319,000 in 2022 from HKD 17,739,255,000 in the previous year[189] - The group's total assets as of December 31, 2022, were approximately HKD 39.16 billion, a decrease from HKD 40.54 billion in 2021, while net assets were about HKD 13.53 billion, down from HKD 14.15 billion[141] Cash Flow and Financing - The company has a cash and bank balance of approximately HKD 2,003,293,000, with unused bank loan facilities amounting to HKD 8,545,654,000, providing a total of approximately HKD 10,548,947,000 in available cash and credit[44] - The bank financing limit was approximately HKD 25,342,733,000, up from HKD 24,334,199,000 in the previous year[176] - The company applied to the Interbank Market Dealers Association for the registration of debt financing instruments totaling up to RMB 5 billion, with the issuance planned over multiple tranches[46] - The company registered a maximum issuance amount of RMB 4 billion for perpetual medium-term notes in the interbank bond market[79] Operational Performance - The company recorded a decrease of 23% in earnings before interest, taxes, depreciation, and amortization (EBITDA) to approximately HKD 2,175,944,000 from HKD 2,837,942,000 in 2021[44] - The company operated and completed 50 biomass utilization projects, generating approximately 6,009,489 MWh of electricity, with steam supply increasing by 12% to about 2,411,215 tons compared to the previous year[82] - The total amount of biomass raw materials processed reached approximately 8,185,800 tons, an increase of 3%, while municipal waste processed increased by 18% to about 3,457,231 tons[84] - The company has 25 ongoing projects as of December 31, 2022, including 2 biomass utilization projects and 15 environmental remediation projects[69] - The company completed 16 new projects and signed one biomass heating supplementary agreement during the year, with a total investment of approximately RMB 350 million[68] Environmental and Social Governance (ESG) - The company received multiple awards for its ESG performance, including the "ESG Annual Award - Main Board Small Cap" and "Best ESG Report Award - Main Board Small Cap" in 2022[77] - The company has established a risk management system and identified environmental, social, and governance-related risk factors to guide compliance operations[43] - The company emphasizes the importance of corporate governance to enhance enterprise value and accountability, creating long-term value for stakeholders[135] - The group is committed to optimizing its talent selection mechanism and enhancing internal recommendations to retain core talent[127] - The company did not record any significant losses or impacts due to violations of environmental laws and standards in 2022[150] Strategic Initiatives - The company signed a cooperation agreement with Alibaba Cloud to advance new energy development and digital transformation, aiming to capture opportunities in the digital new energy sector[41] - The company is actively pursuing transformation and development opportunities in line with the national dual carbon strategy, including partnerships for low-carbon city initiatives[41] - The company plans to enhance operational quality and efficiency through refined management and optimize project operating costs in biomass utilization[95] - The company aims to consolidate its core business while promoting transformation, closely monitoring policy and market dynamics[95] - The company plans to actively track the progress of the national carbon trading market and prepare for the national certified voluntary emission reduction (CCER) and green electricity trading markets[121]
中国光大绿色环保(01257) - 2022 - 年度业绩