Financial Performance - For the year ended December 31, 2023, the total revenue was HKD 609,872,000, a decrease of 1.9% from HKD 616,064,000 in 2022[2] - The gross profit for the year was HKD 258,323,000, down 10.2% from HKD 287,762,000 in the previous year[2] - Operating profit for the year was HKD 186,924,000, a significant recovery from an operating loss of HKD 179,194,000 in 2022[2] - The net profit for the year was HKD 1,298,486,000, compared to HKD 402,666,000 in 2022, representing an increase of 222.5%[3] - The basic and diluted earnings per share increased to HKD 52.23 from HKD 17.49 in the previous year[2] - The profit before tax for the year was HKD 1,400,796,000, with a tax expense of HKD 102,310,000, resulting in a net profit of HKD 1,298,486,000 for the year ended December 31, 2023[21][22] - The group reported a total income of HKD 80,611,000 in 2023, compared to HKD 326,856,000 in 2022, indicating a significant decrease of 75.3%[35] - The company's profit before tax for 2023 was HKD 1,400,796,000, a significant increase from HKD 609,734,000 in 2022, representing a growth of approximately 129%[41] - The company's net profit attributable to equity holders for 2023 was HKD 1,298,612,000, compared to HKD 434,907,000 in 2022, representing a growth of approximately 198%[42] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 16,027,223,000, an increase from HKD 15,359,867,000 in 2022[4] - The total liabilities reported were HKD 493,336,000 after adjustments for deferred tax liabilities[14] - The total assets of the company amounted to HKD 16,027,223,000, with total liabilities of HKD 510,492,000 as of December 31, 2023[24] - The group’s total liabilities stood at HKD 493,336,000, with current liabilities including other payables of HKD 94,149,000 and lease liabilities of HKD 5,399,000[29] - Deferred tax liabilities amounted to HKD 177,889,000, contributing to the total liabilities figure[29] Equity and Reserves - The total equity attributable to the company's equity holders was HKD 15,514,788,000, up from HKD 14,864,462,000 in the previous year[4] - The company’s reserves increased to HKD 14,615,846,000 following the adoption of new accounting policies[14] - Total equity attributable to the company's equity holders increased to HKD 14,864,462,000 after accounting for the impact of new accounting standards[14] Cash Flow and Investments - Cash and cash equivalents decreased to HKD 1,837,352,000 from HKD 2,490,097,000 in 2022[4] - The company’s cash and cash equivalents stood at HKD 1,837,352,000, providing a solid liquidity position[24] - The company’s non-current asset additions for the year were HKD 104,751,000, indicating ongoing investment in infrastructure[23] - The company plans to further invest in China Energy Transportation Investment Co., Ltd. for the design, construction, procurement, and operation of three LNG vessels[55] - The group announced a planned investment of approximately USD 95,305,000 by Crown International Investment and USD 99,195,000 by Shanghai COSCO Shipping LNG Investment for the design, construction, procurement, and operation of three LNG vessels[67] Segment Performance - The total revenue for the oil terminal and storage services segment was HKD 609,872,000, with no inter-segment revenue reported[19] - The oil terminal and storage services segment's external customer revenue was HKD 609,872,000, reflecting stable demand in this area[20] - The company reported a significant increase in joint venture performance, with contributions of HKD 798,346,000 from joint ventures in the oil terminal and storage services segment[20] - The group's income from the crude oil terminal and storage segment for the year ended December 31, 2023, was approximately HKD 609,872,000, a year-on-year decrease of about 1.01% from HKD 616,064,000 in 2022[60] - The group's performance in the ship leasing and transportation segment for the year ended December 31, 2023, was approximately HKD 79,017,000, a year-on-year decrease of about 31.89% from HKD 116,013,000 in 2022[61] Tax and Expenses - The company reported a tax expense of HKD 102,310,000 for 2023, a decrease from HKD 207,068,000 in 2022, indicating a reduction of approximately 51%[41] - The income tax expense for 2023 was HKD 102,310,000, down from HKD 207,068,000 in 2022, reflecting a decrease of 50.7%[39] - Depreciation expenses for property, plant, and equipment rose to HKD 132,436,000 in 2023 from HKD 113,123,000 in 2022, an increase of 17.1%[38] Corporate Governance and Compliance - The company has adhered to the Corporate Governance Code and has implemented its principles throughout the fiscal year[71] - The audit committee, composed of four independent non-executive directors, reviewed the audited consolidated financial statements for the year ending December 31, 2023[73] - The remuneration committee consists of six members, with an independent non-executive director serving as the chair[74] - The company conducted training on anti-corruption laws, cybersecurity management, and employee mental health in 2023[70] Employee and Social Responsibility - As of December 31, 2023, the company had a total of 222 employees, focusing on diversity and equal opportunity in recruitment[70] - The company has not established any long-term incentive plans for employees as of December 31, 2023[70] Dividends - The company declared an interim dividend of HKD 10 cents per share for 2023, compared to HKD 8 cents in 2022, and proposed a final dividend of HKD 15 cents per share, up from HKD 12 cents in 2022[45][50] - The company proposed a final cash dividend of HKD 0.15 per share, a year-on-year increase of 25.00%[53] Miscellaneous - The company has not purchased, sold, or redeemed any of its listed securities during the fiscal year ending December 31, 2023[72] - No significant events occurred after December 31, 2023, up to the date of this announcement[73] - The annual performance announcement and report will be available on the stock exchange and the company's website[74]
中石化冠德(00934) - 2023 - 年度业绩