Financial Performance - The group's overall gas sales volume increased by 5% to 15.246 billion cubic meters, with revenue rising by 17% to HKD 20.073 billion[2]. - Shareholders' profit attributable decreased by 23% to HKD 965 million, with basic earnings per share at HKD 30.17[3]. - For the fiscal year ending December 31, 2022, total revenue was HKD 20,073,010 thousand, an increase from HKD 17,125,447 thousand in 2021, representing a growth of approximately 11%[14]. - The net profit for the year was HKD 1,201,039 thousand, down from HKD 1,527,092 thousand in 2021, indicating a decrease of about 21%[15]. - The company’s earnings per share (EPS) for 2022 was HKD 30.17, compared to HKD 41.53 in 2021, reflecting a decline of approximately 27%[14]. - Profit before tax for 2022 was HKD 2,144,751, compared to HKD 1,527,092 in 2021, reflecting an increase of approximately 40.4%[29]. - The company reported a net profit of HKD 1.201 billion for the fiscal year 2022, a decrease of 21.3% year-on-year[48]. Dividends - The company plans to distribute a final dividend of HKD 0.15 per share[2]. - The company declared a final dividend of HKD 487,182,000 for the year ended December 31, 2022, up from HKD 473,419,000 in 2021[31]. - The board proposed a final dividend of HKD 0.15 per share for the year ended December 31, 2022, consistent with the previous year's dividend[55]. Customer Growth - The total number of urban gas customers reached 15.93 million, an increase from 15.09 million in the previous year[3]. - The total number of customers reached 15.93 million, with 840,000 new customers added during the year, including 10,000 new industrial customers and 830,000 new residential customers[8]. - The number of new gas connection users increased by approximately 1.6% to 533,000 in 2022[41]. Renewable Energy Initiatives - The renewable energy sector has seen rapid growth, with 111 new projects acquired during the year, and a target to develop 80 zero-carbon smart parks by 2025[6]. - The renewable energy business is positioned to benefit from national policies encouraging the development of the clean energy sector[6]. - The group launched a carbon technology investment fund worth 10 billion RMB, focusing on hydrogen energy, photovoltaics, energy storage, and new energy internet sectors[7]. - The Tera Planet smart energy ecosystem platform was launched, expected to reduce carbon emissions by tens of thousands of tons annually once fully operational[7]. - The group established the Honghua Energy Research Institute to focus on renewable energy, energy storage, digital energy, hydrogen, and fuel cells[7]. - The company is optimistic about the growth of renewable energy, with a significant increase in photovoltaic installation capacity in 2022, nearly doubling compared to the previous year[13]. Financial Position - Total assets minus current liabilities amounted to HKD 35,282,021, a decrease from HKD 36,865,550 in the previous year[16]. - The total equity attributable to shareholders decreased to HKD 21,504,859 from HKD 22,895,052 year-on-year[17]. - The company’s total liabilities were HKD 17,661,955, slightly up from HKD 17,371,153 in the previous year[16]. - The company’s cash and cash equivalents stood at HKD 4,000,676, a slight decrease from HKD 4,071,107 in the previous year[16]. - The company has unused funds of approximately HKD 13,196,000 from its medium-term note program and HKD 9,592,000 in unused credit facilities[19]. - The company’s non-current assets totaled HKD 44,874,522, down from HKD 46,510,759 in the previous year[16]. - The company’s financing costs amounted to HKD 752,763, impacting the overall profitability[24]. - The group’s debt ratio was 39.7% as of December 31, 2022, compared to 37.9% as of December 31, 2021[53]. Operational Developments - The group has established over 360 projects across 24 provinces/municipalities in mainland China, covering urban gas and renewable energy[2]. - The group is committed to supporting the national "3060 dual carbon goals" by advancing its smart energy business[4]. - The company has begun preliminary work on a hydrogen blending project in natural gas pipelines, aligning with national hydrogen development plans[13]. - The group opened multiple "Health+" experience centers in cities like Guangdong, Sichuan, and Jiangsu, offering health management and nutrition consultation services[8]. - The group employed 23,663 staff as of December 31, 2022, with 99% based in mainland China[10]. ESG and Sustainability Efforts - The group held the "ESG Summit 2022," attracting over 5,000 participants, and became the first Hong Kong company to respond to the TNFD framework[11]. - The group aims to enhance safety management standards, achieving a zero-accident target in 2022[11]. - The group issued $200 million in sustainable development-linked bonds and established two key performance indicators for sustainability, with additional interest payments if targets are not met[12]. - The company received multiple ESG awards, including recognition from the Ministry of Ecology and Environment of China and the British Chamber of Commerce in Shanghai[12]. - The group aims to increase investment in technological innovation to drive high-quality business development and enhance ESG efforts[13]. Market Outlook - The group anticipates steady growth in residential gas demand and new opportunities in the natural gas market due to post-pandemic economic recovery and urbanization[13]. - The group successfully issued a 5-year sustainable development-linked bond in April 2022, raising USD 200 million[53]. - Moody's maintained the issuer rating for the group at "Baa1" with a stable outlook, while S&P rated the long-term corporate credit at "BBB+" with a stable outlook[54].
港华智慧能源(01083) - 2022 - 年度业绩