海丰国际(01308) - 2023 - 年度财报

Financial Performance - Revenue for 2023 was $2,428,959 thousand, a decrease of 40.9% compared to $4,112,955 thousand in 2022[13] - Profit attributable to shareholders was $531,393 thousand, down 72.7% from $1,944,425 thousand in the previous year[13] - Basic earnings per share decreased to $0.20, a decline of 72.6% from $0.73 in 2022[13] - Operating cash flow net amount was $672,213 thousand, representing a 66.4% decrease from $2,002,565 thousand in 2022[13] - Gross profit for the same period was approximately $623.0 million, down about 68.5% year-on-year[44] - The pre-tax profit was approximately $553.4 million, reflecting a decrease of about 72.0% from the previous year[44] - Net profit for the year ended December 31, 2023, was approximately $536.17 million, a decrease of about 72.5% compared to $1,949.81 million in 2022[60] - Total assets decreased by approximately 14.0% from about $3,082.9 million on December 31, 2022, to about $2,652.5 million on December 31, 2023[61] - Total liabilities decreased by approximately 21.4% from about $917.8 million on December 31, 2022, to about $721.4 million on December 31, 2023[61] - The company's profit before tax dropped to $553.41 million in 2023 from $1,973.04 million in 2022[58] Operational Metrics - The number of container vessels operated at year-end was 103, down from 108 in 2022[13] - Container throughput for container shipping and extended logistics was 3,224,498 TEUs, a slight decrease from 3,261,939 TEUs in 2022[13] - Total container throughput decreased by approximately 1.1% to 3,224,498 TEUs, with average freight rates dropping by 43.3% to $623.3 per TEU[36][44] - The fleet capacity reached 162,851 TEUs, with 97 owned vessels and 6 chartered vessels as of December 31, 2023[38][43] - The company expanded its fleet by taking delivery of 12 new vessels in 2023[38] Strategic Initiatives - SITC expanded its service network by launching the "一單制" rail-sea intermodal service in Tianjin, improving logistics efficiency[23] - The company signed a strategic cooperation agreement with the Chinese Academy of Sciences to promote green methanol applications in shipping logistics[29] - The company aims to enhance its unique business model and expand its service network in Asia, targeting a world-class integrated logistics service provider status[45] - The company is committed to reducing harmful emissions while improving operational efficiency and cash flow[34] Awards and Recognition - The company received multiple accolades in 2023, including being named the "Most Outstanding Company in Hong Kong Transportation Industry" for two consecutive years by Asiamoney[27] - SITC's logistics services were recognized with multiple awards, including "User-Satisfied Container Shipping Company" and "User-Satisfied Freight Forwarding Brand TOP50" in 2023[28] Governance and Management - The board of directors comprises eight members, including four executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[179] - The audit committee consists of three independent non-executive directors, ensuring oversight of the company's annual performance and financial reporting[172] - The company maintains good corporate governance standards, adhering to the principles and code provisions set out in the listing rules[175] - The management team has a proven track record in their respective fields, contributing to the company's growth and stability[79] Risk Management - The company has identified eight major risks for 2023, including "interest rate fluctuation risk" and "bill management risk," while fifteen previously identified risks are no longer considered major[155] - The company has established a risk management organization to address various identified risks and ensure accountability[152] - The company has implemented comprehensive safety systems and operational protocols to mitigate risks associated with shipping and hazardous materials, ensuring regular safety checks and employee training[156] Shareholder Information - The board proposed a final dividend of HK$0.50 per share for the year[44] - The proposed final dividend is HKD 0.50 per ordinary share, equivalent to USD 0.0639, subject to shareholder approval on April 26, 2024[90] - The company's distributable reserves amounted to approximately USD 541 million as of December 31, 2023[97] Environmental Commitment - The company is committed to environmental sustainability, adhering to IMO 2020 regulations and implementing measures to reduce fuel consumption and improve operational efficiency[161] - The company has faced a fine of $1.705 million due to violations of maritime law and antitrust regulations, with an appeal currently pending[164] Employee Relations - Employee costs for the period were approximately $209.9 million, down from $240.1 million on December 31, 2022[66] - The company emphasizes equal opportunity employment and provides training and development programs to enhance employee skills and knowledge[167][170] - The company prioritizes health and safety, offering medical insurance benefits and health awareness programs for employees[168]