Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 6,102,638,000, representing a 26% increase from HKD 4,842,926,000 in 2021[16] - The net profit for the year was HKD 332,753,000, a decrease of 19% compared to HKD 410,025,000 in the previous year[16] - The basic earnings per share decreased by 19% to HKD 24.1 from HKD 29.6 in 2021[16] - Total comprehensive income for the year was HKD 148,671,000, significantly lower than HKD 476,129,000 in 2021[5] - The group reported a net foreign exchange loss of approximately HKD 84 million for the year ended December 31, 2022, compared to a net foreign exchange gain of HKD 25 million in the previous year[25][29] - The segment performance showed a total profit of HKD 727,322,000, compared to HKD 855,441,000 in the previous year, indicating a decline of about 15%[46] - The company reported a net impairment reversal of financial and contract assets amounting to HKD 30,723,000, compared to a loss of HKD (25,226,000) in the previous year[49] - The total cost of gas procurement was HKD 4,789,548,000, up from HKD 3,403,733,000, representing an increase of approximately 41%[57] - The proposed final dividend for the year ended December 31, 2022, is approximately HKD 135,203,000, compared to HKD 121,682,000 in the previous year, which is an increase of about 11%[61] - Basic earnings per share decreased to 24.1 HK cents in 2022 from 29.6 HK cents in 2021, reflecting a decline of approximately 18.5%[62] - Diluted earnings per share also fell to 24.0 HK cents in 2022 from 29.5 HK cents in 2021, representing a decrease of about 18.5%[70] - Operating profit decreased to HKD 487,984,000 from HKD 587,673,000, reflecting a decline of approximately 17%[139] - Net profit attributable to the company's owners for the year was HKD 325,833,000, compared to HKD 399,659,000 in 2021, a decrease of around 18%[139] Assets and Liabilities - The total assets of the company as of December 31, 2022, were HKD 8,570,664,000, compared to HKD 8,179,625,000 in 2021[6] - The company reported a total equity of HKD 2,285,986,000, slightly down from HKD 2,322,787,000 in the previous year[21] - Total borrowings as of December 31, 2022, amounted to approximately HKD 3,904 million, an increase from HKD 3,125 million in the previous year[27] - The group's current liabilities exceeded its current assets by approximately HKD 1,853 million as of December 31, 2022[28] - Current liabilities increased by 11% to HKD 3,788,969,000, compared to HKD 3,400,294,000 in 2021[137] - Total liabilities grew by 7% to HKD 6,284,678,000 from HKD 5,856,838,000 in the previous year[137] - Major components of current liabilities included accounts payable of approximately HKD 1,282,003,000 and current borrowings of about HKD 1,575,868,000[143] Cash Flow and Financing - Cash and cash equivalents increased to HKD 845,250,000 from HKD 742,181,000 in 2021[6] - Cash and bank deposits as of December 31, 2022, were HKD 1,018 million, compared to HKD 897 million in the previous year[27] - The company has secured approximately RMB 1,548,451,000 in financing to support its operations and maintain profitability[10] - Financing income increased significantly to HKD 10,330,000 from HKD 3,744,000, marking an increase of approximately 175%[51] - Financing costs rose to HKD (116,897,000) from HKD (104,624,000), reflecting an increase of about 12%[51] - The average financing cost rose to 4.6% from 4.4% in 2021, an increase of 0.2 percentage points[137] Operational Highlights - The volume of gas transported through the pipeline network for the year ended December 31, 2022, was 593,010,423 cubic meters, with pipeline transportation service revenue of approximately HKD 51 million, a decrease of about 15% from HKD 60 million in the previous year[30] - For the year ended December 31, 2022, the group's pipeline natural gas sales revenue was HKD 5,380,406,000, an increase from HKD 4,000,000,000 for the year ended December 31, 2021, representing a growth of approximately 34.5%[93] - The total number of gas users increased to 2,299,000, with a net addition of 106,000 users in 2022, a decrease of 35% year-on-year[102] - The pipeline gas sales volume reached 2.03 billion cubic meters, a year-on-year increase of 3%, while the pipeline gas sales volume specifically grew by 15% to 1.44 billion cubic meters[102] - The revenue from engineering construction and natural gas pipeline installation services was HKD 646,835,000, a decrease of approximately 13% from HKD 742,880,000 in the previous year[112] Strategic Initiatives - The group plans to sell a piece of land in the Tianjin Airport Economic Zone, focusing on the development of its gas business[31][32] - The group aims to enhance its gas supply security and winter gas storage capacity through various measures, including acquisitions and partnerships[103] - The group has signed a framework agreement with Tianjin Xingcheng Investment Development Co., Ltd. to transform into a comprehensive energy operator, laying a solid foundation for future growth[103] - The group anticipates that the natural gas supply and demand situation will improve in 2023, potentially leading to new highs in the energy industry[111] - The group is actively expanding its business network and enhancing gas storage and peak-shaving capabilities to support the national goal of carbon neutrality[101] Human Resources - The group employed 1,722 staff as of December 31, 2022, up from 1,674 in 2021[126] - Employee salaries and wages amounted to approximately HKD 216 million, with HKD 42 million allocated to R&D expenses[126] Future Outlook - The financial results indicate a need for strategic adjustments to improve profitability and manage liabilities effectively[141] - Future outlook may involve exploring new market opportunities and enhancing operational efficiencies to drive growth[141]
滨海投资(02886) - 2022 - 年度业绩