嘉里物流(00636) - 2022 - 年度业绩

Financial Performance - Revenue increased by 10% to HKD 86.65 billion (2021: HKD 78.95 billion) [3] - Core operating profit decreased by 12% to HKD 4.79 billion (2021: HKD 5.44 billion) [3] - Core net profit grew by 11% to HKD 3.57 billion (2021: HKD 3.22 billion) [3] - Shareholders' profit attributable increased by 8% to HKD 3.58 billion (2021: HKD 3.31 billion), but down 55% year-on-year when including profit from discontinued operations [3] - Integrated logistics business recorded segment profit of HKD 1.38 billion, an increase of 28% (2021: HKD 1.07 billion) [3] - E-commerce and express business reported a segment loss of HKD 826 million (2021: profit of HKD 41 million) [3] - International freight business recorded segment profit of HKD 4.70 billion, a slight decrease of 3% (2021: HKD 4.83 billion) [3] - Total revenue for the company reached 86,649,463 thousand, representing a significant increase compared to the previous period [14] - The core operating profit was reported at 4,790,236 thousand, showing a decrease from 5,441,661 thousand in the prior year [14] - The company achieved a net profit attributable to shareholders of 3,579,191 thousand, compared to 3,308,813 thousand in the previous year [14] - The group reported total revenue of HKD 86,649,463,000 for 2022, an increase from HKD 81,771,139,000 in 2021, representing a growth of approximately 6.5% [16] - The group recorded a profit attributable to shareholders of HKD 3.579 billion in 2022, an increase of 8% from HKD 3.309 billion in 2021, excluding profit from discontinued operations [39] Assets and Liabilities - Total assets decreased to HKD 21.25 billion from HKD 24.84 billion year-on-year [7] - Current liabilities decreased to HKD 15.15 billion from HKD 17.84 billion year-on-year [7] - Total equity decreased from 24,836,716 to 21,249,705, representing a decline of approximately 14.5% year-over-year [8] - Retained earnings and other reserves decreased from 16,071,908 to 13,451,213, a reduction of about 16.3% [8] - Non-controlling interests decreased from 3,792,829 to 2,820,611, reflecting a decline of approximately 25.6% [8] - The total amount of receivables net of provisions was HKD 10,198,194,000 for the year ended December 31, 2022, down from HKD 12,846,989,000 in 2021 [30] - The total amount of payables was HKD 4,531,800,000 for the year ended December 31, 2022, compared to HKD 6,274,910,000 in 2021 [31] - The total bank loans amounted to HKD 8,812,849,000 as of December 31, 2022, an increase from HKD 5,910,510,000 in 2021 [32] - As of December 31, 2022, the group's total bank loans amounted to HKD 88.13 billion, with foreign currency borrowings totaling HKD 27.53 billion, representing 31% of the total [48] - The group's debt-to-equity ratio as of December 31, 2022, was 48.3%, up from 29.0% a year earlier [48] - The group had undrawn bank loans and credit facilities totaling HKD 75.23 billion available for significant capital expenditures as of December 31, 2022 [49] Dividends and Earnings Per Share - Proposed final dividend of HKD 0.38 per share, to be paid on June 8, 2023 [3] - The proposed final dividend is HKD 0.38 per share, totaling HKD 686,821,000 for the year ended December 31, 2022, down from HKD 903,655,000 in 2021 [25] - Basic earnings per share from continuing operations increased to HKD 1.98 for the year ended December 31, 2022, compared to HKD 1.84 in 2021 [27] - Diluted earnings per share from continuing operations rose to HKD 1.98 for the year ended December 31, 2022, compared to HKD 1.83 in 2021 [28] Business Segments and Market Outlook - The company’s primary business segments include logistics, freight, e-commerce, and express services [13] - User data indicated a growth in the mainland China segment, with revenue reaching 21,678,918 thousand, up from 29,233,302 thousand [14] - The Taiwan segment reported revenue of 12,940,465 thousand, reflecting a slight increase from 13,138,273 thousand [14] - The logistics segment generated revenue of HKD 13,155,880,000 in 2022, compared to HKD 12,875,164,000 in 2021, reflecting a year-over-year increase of about 2.2% [16] - The e-commerce and express segment recorded revenue of HKD 6,090,091,000 in 2022, down from HKD 6,927,411,000 in 2021, indicating a decline of approximately 12.1% [16] - The international freight segment's revenue was HKD 67,403,492,000 in 2022, up from HKD 59,152,149,000 in 2021, marking an increase of around 14.5% [16] - The logistics segment's profit increased by 28% in 2022, driven by increased service demand related to the pandemic and a recovery in production activities [40] - The international freight segment's profit decreased by 3% in 2022, reflecting a decline in global demand and orders in the second half of the year [42] - The group plans to maintain growth momentum in the integrated logistics business in 2023, supported by a recovery in retail and household consumption [40] - The group is actively seeking new business opportunities in the international freight segment despite market volatility [43] - The integration with SF Holding has strengthened the group's comprehensive logistics, international freight, and express service capabilities, particularly in Asia [44] - The global logistics market is expected to face significant challenges in 2023 due to geopolitical tensions, inflation, and supply chain restructuring [46] - The group anticipates a notable decline in performance for 2023 compared to the strong results of the first half of 2022, implementing cost management and operational optimization measures [46] - The group is leveraging synergies with SF Holding to explore new market opportunities and enhance its competitive advantage in air, land, and express capabilities [47] Governance and Compliance - The company adopted several amendments to existing standards effective from January 1, 2022, with no significant impact on accounting policies [10] - New standards and amendments are expected to be adopted starting January 1, 2023, with no anticipated significant impact on consolidated financial statements [12] - The group has adhered to corporate governance codes and standards throughout the fiscal year ending December 31, 2022 [51] - The Audit and Compliance Committee consists of two independent non-executive directors and one non-executive director, with the chair being Ms. Huang Yu-Po, who possesses appropriate professional qualifications as per listing rules [53] - The annual financial performance for the year ending December 31, 2022, has been reviewed and deemed compliant with relevant accounting standards and regulations [53] - The annual general meeting is scheduled for May 22, 2023, to discuss the financial results for the year ending December 31, 2022 [54] - Share transfer registration will be suspended from May 17, 2023, to May 22, 2023, to determine the identity of shareholders eligible to attend the annual general meeting [55] - The final dividend will be distributed on June 8, 2023, pending approval at the annual general meeting [55] - The annual report will include all information required by Appendix 16 of the listing rules and will be sent to shareholders in due course [56]