嘉里物流(00636) - 2023 - 年度业绩

Financial Performance - Revenue decreased by 42% to HKD 47.41 billion (2022: HKD 82.33 billion) [2] - Core operating profit fell by 61% to HKD 2.21 billion (2022: HKD 5.65 billion) [2] - Core net profit declined by 69% to HKD 1.21 billion (2022: HKD 3.95 billion) [2] - Shareholders' profit attributable decreased by 78% to HKD 791 million (2022: HKD 3.58 billion) [2] - Total revenue for the year 2023 was 14,280,309 thousand HKD, a decrease from 14,809,282 thousand HKD in 2022, representing a decline of approximately 3.6% [12] - The company's operating profit for 2023 was reported at 1,295,066 thousand HKD, compared to 1,385,430 thousand HKD in 2022, indicating a decrease of around 6.5% [12] - The net profit attributable to shareholders for 2023 was 1,209,818 thousand HKD, down from 3,959,459 thousand HKD in 2022, a significant decline of approximately 69.5% [12] - The company reported a core profit of 1,214,074 thousand HKD for 2023, compared to 3,952,443 thousand HKD in 2022, reflecting a decrease of about 69.2% [12] Dividends and Shareholder Returns - Proposed final dividend of HKD 0.13 per share, to be paid on June 6, 2024 [2] - The proposed final dividend for the year ended December 31, 2023, is HKD 234,966,000, with a per share distribution of HKD 0.13 [24] - The company declared a special interim dividend involving the distribution of 907.2 million shares of KETH, representing approximately 52.1% of all issued KETH shares [37] - A special interim dividend was declared, involving the distribution of 907,200,000 shares of KEX, representing approximately 52.1% of all issued KEX shares [52] Assets and Liabilities - Total assets decreased to HKD 21.42 billion from HKD 23.90 billion year-on-year [5] - Current liabilities decreased to HKD 13.18 billion from HKD 15.15 billion year-on-year [5] - Cash and bank balances decreased to HKD 6.52 billion from HKD 9.24 billion year-on-year [5] - As of December 31, 2023, non-current liabilities totaled HKD 7,358,856 thousand, a decrease from HKD 8,939,240 thousand in 2022, reflecting a reduction of approximately 17.7% [6] - The company's equity as of December 31, 2023, was HKD 20,107,259 thousand, down from HKD 21,249,705 thousand in 2022, indicating a decline of about 5.4% [6] - The total equity attributable to shareholders as of December 31, 2023, was HKD 16,812,279 thousand, down from HKD 18,429,094 thousand in 2022, reflecting a decrease of approximately 8.8% [6] - The total amount of receivables, prepayments, and deposits was HKD 11,920,703,000, a decrease from HKD 13,406,909,000 in the previous year [29] - The total bank loans amounted to HKD 8,498,131,000, slightly down from HKD 8,812,849,000 in the previous year [31] - The total bank loans of the group as of December 31, 2023, amounted to HKD 8.575 billion, down from HKD 8.812 billion in 2022 [35] Business Operations and Strategy - The company plans to focus on market expansion and new technology development in the upcoming year [2] - The company plans to focus on market expansion and new product development in the upcoming year to drive growth [12] - The company has identified strategic opportunities for mergers and acquisitions to enhance its market position [12] - The company is investing in new technologies to improve operational efficiency and customer experience [12] - The group plans to continue focusing on core business segments, including integrated logistics and international freight forwarding, to drive future growth [14] - The company has reclassified certain segments, which did not affect the overall profit for the years ended December 31, 2023, and December 31, 2022 [13] - The company sold its express service business in the Asia-Pacific and Europe regions in Q3 2023, which is classified as discontinued operations in the financial statements [7] - The group completed the acquisition of the remaining 21% stake in Kerry Freight Services in July 2023 [34] - The group acquired a majority stake in French Business By Air SAS, enhancing air freight capabilities and solidifying its position in Europe, the Middle East, and Africa [42] - The group completed multiple large-scale industrial projects in mainland China, Central Asia, and Europe, establishing a strong foundation for project logistics business growth [42] Market Conditions and Future Outlook - Future guidance indicates a cautious outlook due to market conditions, with expectations for gradual recovery in revenue growth [12] - The global logistics industry faced stagnation due to inventory surplus and weak demand, but slight recovery in freight rates and cargo volume was observed [40] - The international freight business experienced a 70% decline in segment profit in 2023 due to inventory surplus, weak purchasing power, and stagnant export growth, particularly in the Asian market [42] - In Q3 2023, the logistics market remained unstable, with consumer demand and cargo volume significantly below normal levels, leading to a lack of expected seasonal peaks [42] - The company aims for net-zero emissions by 2050 and has made significant progress in climate risk assessment and measuring scope 3 emissions [43] - The group maintains a cautious approach to managing operational costs amid macroeconomic uncertainties while seeking opportunities to release asset value [44] Employee and Corporate Governance - The group employed approximately 33,100 staff as of December 31, 2023, with competitive salaries and various employee benefits in place [47] - The company has established an Audit and Compliance Committee, which reviewed the annual performance and accounting principles, confirming compliance with relevant standards [51] - The company will hold its annual general meeting on May 22, 2024, to discuss the fiscal year ending December 31, 2023 [52] - The company will suspend share transfer registration from May 17, 2024, to May 22, 2024, for determining eligible shareholders for the upcoming annual general meeting [53] - The company has received an exemption from the Thai Securities and Exchange Commission regarding the distribution of KEX shares [52] - The company has no significant events affecting the group since December 31, 2023, apart from those disclosed [52] - The annual report will be published on the Hong Kong Stock Exchange and the company's website, containing all information required by the listing rules [54] Performance of Kerry Express Thailand - Kerry Express Thailand reported a revenue increase of 15% year-over-year, reaching THB 2.5 billion in the latest quarter [56] - The company achieved a total of 1.2 million active users, representing a growth of 20% compared to the previous year [56] - Future outlook indicates a projected revenue growth of 10-12% for the next fiscal year, driven by market expansion and new service offerings [56] - Investment in new technology and logistics infrastructure is expected to exceed THB 500 million in the upcoming year [56] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in regional market share by 2025 [56] - Kerry Express Thailand is exploring potential acquisitions to enhance its service capabilities and operational efficiency [56] - The introduction of new delivery services is anticipated to contribute an additional THB 300 million in revenue over the next year [56] - The company reported a net profit margin of 8% for the last quarter, maintaining stable profitability despite rising operational costs [56] - User engagement metrics improved, with a 30% increase in app usage and customer interactions [56] - The board has approved a new strategic plan focusing on sustainability and reducing carbon emissions by 15% over the next three years [56]