港通控股(00032) - 2023 - 年度业绩

Financial Performance - The company reported a profit attributable to shareholders of HKD 520.0 million for the year ended December 31, 2023, compared to a loss of HKD 445.3 million in 2022, marking a turnaround from loss to profit [4]. - Earnings per share for the year were HKD 1.40, a significant improvement from a loss of HKD 1.19 per share in the previous year [4]. - Total revenue for the year was HKD 875.2 million, up from HKD 699.7 million in 2022, representing a year-over-year increase of approximately 25.1% [7]. - The financial management business contributed a net profit of HKD 162.4 million, recovering from a loss of HKD 861.0 million in 2022 [4]. - Operating profit for the year was HKD 386.8 million, a recovery from an operating loss of HKD 578.6 million in 2022 [7]. - The consolidated profit before tax for 2023 was HKD 339,406,000, a significant recovery from a loss of HKD 672,593,000 in 2022 [30]. - Other income for 2023 included a net gain from the sale of properties amounting to HKD 98,007,000, compared to a loss of HKD 615,080,000 in 2022 [32]. - The company reported a fair value change of financial assets amounting to HKD 152,218,000 in 2023, a recovery from a loss of HKD 480,831,000 in 2022 [32]. Revenue Sources - The company’s total income from customer contracts was HKD 684.3 million, an increase from HKD 570.4 million in the previous year [7]. - The revenue from operating driving school courses was HKD 670,465,000, up from HKD 556,888,000, reflecting a growth of 20.3% [23]. - The group's customer contract revenue for 2023 was HKD 684,265,000, an increase of 19.9% from HKD 570,388,000 in 2022 [23]. - The group reported interest income from bank deposits of HKD 111,256,000, significantly up from HKD 29,355,000, representing a growth of 278.5% [25]. - Revenue from the driving school increased by 20.4% to HKD 670.5 million (2022: HKD 556.9 million) due to higher demand for driving courses and increased average class fees [61]. Dividends and Shareholder Returns - The company declared a total dividend of HKD 0.42 per share for the year, consistent with the previous year, amounting to a total payout of approximately HKD 156.5 million [5]. - The company declared an interim dividend of HKD 0.18 per share for 2023, consistent with the previous year, totaling HKD 67,084,000 [45]. - The company plans to continue diversifying its investments, including non-listed funds, equity securities, and debt securities, to enhance shareholder returns [54]. - The group aims to enhance shareholder returns through a prudent investment strategy that includes non-listed fund investments and equity securities [66]. Assets and Liabilities - Total assets less current liabilities increased to HKD 7,686,853,000 in 2023 from HKD 7,057,551,000 in 2022, representing an increase of approximately 8.8% [12]. - The company's net asset value reached HKD 7,413,033,000 in 2023, up from HKD 7,043,600,000 in 2022, reflecting a growth of about 5.2% [12]. - Total liabilities increased to HKD 828,992,000 in 2023 from HKD 782,585,000 in 2022, reflecting a rise of about 5.9% [12]. - The total liabilities increased to HKD 130,455,000 in 2023 from HKD 111,348,000 in 2022, marking an increase of approximately 17.2% [43]. - The group held an investment portfolio with a book value of HKD 4,926.2 million as of December 31, 2023, up from HKD 4,459.0 million in 2022 [62]. Market and Operational Insights - The company plans to focus on market expansion and new product development in the upcoming fiscal year [30]. - The company plans to expand its business into the Greater Bay Area, focusing on smart city service opportunities [52]. - The overall business environment and investment portfolio of the company may face pressure due to external uncertainties, including high interest rates and geopolitical conflicts [48]. - The driving training market in Hong Kong is anticipated to weaken in 2024 compared to 2023, despite expected economic growth [49]. - The implementation of the "Easy Pay" system began on May 7, 2023, with expectations of increased total revenue from payment services in 2024 [51]. Governance and Compliance - The company has complied with the Corporate Governance Code as per the Main Board Listing Rules, except for the absence of formal appointment letters for directors, which deviates from the code [70]. - All directors confirmed adherence to the Securities Trading Standard Code throughout the year [71]. - The company or its subsidiaries did not purchase, sell, or redeem any shares during the year [72]. - The 2023 annual report will be published on the company's website and the HKEX news website, and will be sent to shareholders [72].