载通(00062) - 2022 - 年度业绩

Financial Performance - The company's net profit attributable to shareholders for the year ended December 31, 2022, was HKD 143.64 million, a decrease of HKD 101.4 million compared to HKD 245.04 million in 2021, primarily due to the impact of the fifth wave of COVID-19 and increased depreciation and operating expenses from bus replacements [2]. - The flagship company, Kowloon Motor Bus Company (1933) Limited, recorded a post-tax loss of HKD 4.7 million in 2022, compared to a profit of HKD 101.4 million in 2021, representing a negative variance of HKD 106.1 million [2]. - Earnings per share for 2022 were HKD 0.31, down from HKD 0.53 in 2021 [3]. - Total revenue from public bus services for 2022 was HKD 6,090.56 million, a decline of approximately 7.8% from HKD 6,609.29 million in 2021 [3]. - The total comprehensive income for the year was a loss of HKD 185.09 million, compared to a gain of HKD 597.75 million in 2021 [4]. - Total revenue for 2022 was HKD 6,607,171,000, a decrease of 8.25% from HKD 7,202,008,000 in 2021 [10]. - The operating loss from the bus business segment was HKD 33,013,000 in 2022, compared to a profit of HKD 65,852,000 in 2021 [10]. - The company reported a tax credit of HKD 105,262,000 in 2022, compared to a tax expense of HKD 14,142,000 in 2021 [10]. - The effective tax expense for 2022 was HKD (87,779,000), compared to HKD 27,049,000 in 2021, indicating a significant change in tax liability [21]. - Basic earnings per share for 2022 were HKD 143,640,000, down from HKD 245,044,000 in 2021, representing a decrease of approximately 41.3% [22]. Dividends - The company proposed a final dividend of HKD 0.50 per share for 2022, consistent with the dividend for 2021 [2]. - The proposed final dividend for 2022 is HKD 0.50 per share, totaling HKD 237,470,000, compared to HKD 232,735,000 in 2021, which is an increase of about 2% [18]. - The company has not declared any interim dividends for 2022 and 2021, maintaining a consistent final dividend payout [31]. Assets and Liabilities - Non-current assets totaled HKD 17,604.94 million as of December 31, 2022, an increase from HKD 17,226.08 million in 2021 [5]. - Current assets increased to HKD 3,545.74 million in 2022 from HKD 2,719.97 million in 2021, driven by higher cash and bank deposits [5]. - The company's bank loans rose significantly to HKD 1,674.57 million in 2022 from HKD 994.03 million in 2021, indicating increased leverage [5]. - Total assets increased to HKD 21,150,676,000 in 2022, up from HKD 19,946,051,000 in 2021, representing an increase of 6.03% [12]. - Total liabilities rose to HKD 7,772,755,000 in 2022, compared to HKD 6,267,323,000 in 2021, marking an increase of 24.03% [12]. - The net asset value decreased to HKD 13,377,921,000 in 2022 from HKD 13,678,728,000 in 2021, a decline of 2.20% [6]. - The company's total equity decreased to HKD 13,377,921,000 in 2022 from HKD 13,678,728,000 in 2021, a decline of 2.20% [6]. Operating Costs and Revenue - The company's employee costs were HKD 3,992,435,000 in 2022, slightly down from HKD 4,043,528,000 in 2021, a decrease of 1.26% [10]. - The total operating costs for 2022 were HKD 66.694 billion, an increase of HKD 592 million compared to HKD 66.102 billion in 2021, mainly due to bus replacements and inflation affecting depreciation and other operating expenses [35]. - The fare revenue of the company was HKD 57.749 billion, a decrease of HKD 5.148 billion or 8.2% compared to HKD 62.897 billion in 2021, primarily due to a significant drop in passenger volume caused by the fifth wave of COVID-19 [35]. - The total operating costs for 2022 were HKD 4.094 billion, a decrease of HKD 170 million or 4.0% from HKD 4.264 billion in 2021, primarily due to service adjustments and reduced tunnel fee expenses [36]. Government Support and Subsidies - The company received government subsidies of HKD 525,566,000 in 2022, a substantial increase from HKD 5,394,000 in 2021, indicating a significant support due to operational pressures from the pandemic [15]. Future Outlook and Expansion - The company anticipates a gradual recovery in bus passenger volume and revenue to pre-pandemic levels due to the easing of COVID-19 restrictions and increased travel demand from local residents and tourists [52]. - The company has been granted a new 10-year franchise by the government, effective from May 1, 2023, which is expected to enhance operational opportunities [52]. - The company plans to leverage its collaboration with the Greater Bay Area and Shenzhen bus groups to align with future development plans in the Northern Metropolis area [52]. Employee and Operational Management - Employee costs accounted for approximately 55% of the group's total operating costs in 2022, a slight decrease from 56% in 2021 [51]. - The total remuneration for employees, excluding retirement costs and share-based payments, was HKD 3.8056 billion in 2022, down from HKD 3.8321 billion in 2021 [51]. - The group maintained over 13,000 employees as of December 31, 2022, consistent with the previous year [51]. Corporate Governance - The company has adhered to the applicable corporate governance code provisions as of December 31, 2022, with only two directors absent from the annual general meeting due to other commitments [54]. - The audit and risk management committee, along with management and independent auditors, has reviewed the accounting principles and policies adopted by the group for the fiscal year ending December 31, 2022 [55].