Financial Performance - The company reported a consolidated loss attributable to shareholders of HKD 558 million for the year ended December 31, 2022, compared to a profit of HKD 962 million in 2021[1]. - Total revenue decreased to HKD 3,490.7 million, down 27.8% from HKD 4,829.8 million in the previous year[2]. - The operating profit fell significantly to HKD 365.0 million, a decline of 81.0% from HKD 1,917.5 million in 2021[2]. - The basic loss per share was HKD 0.185, compared to a basic earnings per share of HKD 0.319 in the prior year[2]. - Total comprehensive loss for the year amounted to HKD 1,911.98 million, compared to a comprehensive income of HKD 507.91 million in the previous year[4]. - The company's total equity decreased to HKD 35,778.8 million from HKD 38,217.8 million in 2021[6]. - The net loss for the year 2022 was HKD 476,380,000, contrasting with a profit of HKD 1,180,827,000 in 2021[18]. - The company’s total liabilities included HKD 17,149,813,000 in undistributed liabilities, indicating a substantial portion of total liabilities[17]. - The company’s investment income for 2022 was HKD 127,431,000, down from HKD 128,078,000 in 2021, showing a slight decrease of 0.5%[18]. - The company’s total equity decreased significantly due to the net loss, impacting future investment and operational strategies[18]. Asset and Liability Management - Non-current assets decreased to HKD 35,150.1 million from HKD 37,693.8 million in the previous year[5]. - Current assets also declined to HKD 19,871.9 million, down from HKD 21,861.5 million in 2021[5]. - Total assets as of 2022 were HKD 55,021,949,000, while total liabilities were HKD 19,243,114,000, resulting in a net asset position of HKD 35,778,835,000[17]. - Total assets for the year ended December 31, 2021, amounted to HKD 59,555,314,000, with total liabilities at HKD 21,337,500,000[20]. - The group has capital commitments of approximately HKD 165 million for hotel property construction in Singapore as of December 31, 2022[73]. Segment Performance - The group operates four reportable segments: Real Estate, Transportation, Hotels and Leisure, and Investment, each requiring different marketing strategies[12]. - The performance of reportable segments is assessed based on changes in fair value of investment properties, non-recurring gains or losses, and operating profit or loss before unallocated corporate expenses[14]. - The real estate segment recorded a profit of HKD 1.12 billion in 2022, down from HKD 1.85 billion in 2021[32]. - The transportation department recorded a loss of HKD 241 million in 2022, a decrease from HKD 340 million in 2021, due to the impact of the pandemic[47]. - The hotel and leisure segment recorded a loss of HKD 156 million in 2022, compared to a loss of HKD 141 million in 2021[51]. Revenue and Income Sources - The company reported a significant decrease in rental income, with HKD 425,397,000 in 2022 compared to HKD 424,501,000 in 2021, reflecting a marginal increase of 0.2%[18]. - The company’s share of results from joint ventures showed a loss of HKD 371,474,000 in 2022, compared to a profit of HKD 108,915,000 in 2021[18]. - The company recognized a fair value loss of HKD 242,372,000 on financial assets measured at fair value through profit or loss in 2022[22]. - The overall performance of Toys "R" Us in Macau decreased by 20% compared to the same period last year due to the impact of the Omicron variant and travel restrictions[68]. - Stecco Natura Gelaterie achieved an 80% increase in annual sales, with new ice cream stores opened in Hong Kong and a new store set to open in Macau in Q1 2023[68]. Operational Strategies and Future Plans - The group plans to expand its cross-border multi-modal transport platform in the Greater Bay Area in response to the recovering tourism industry[47]. - The company is set to provide cross-border closed bus services starting in Q3 2023, enhancing multi-modal transport connections[50]. - The group aims to leverage the recovery of the tourism industry in 2023 to create sustainable business outcomes for stakeholders[71]. - The company plans to open eight new hotels in 2023, increasing its hotel properties in Shanghai to a total of ten[70]. - Yacheng plans to open eight new hotels in mainland China by the end of 2023, increasing its properties in Shanghai to ten, enhancing its market presence[58]. Corporate Governance and Compliance - The consolidated financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and comply with the relevant disclosure requirements of the Hong Kong Stock Exchange[7]. - The auditor's report for the year ended December 31, 2022, was issued without any reservations, indicating a clean audit opinion[8]. - The board is committed to maintaining high levels of corporate governance, ensuring compliance with increasingly stringent regulations and meeting shareholder expectations[82]. - The group's consolidated financial statements for the year ending December 31, 2022, were reviewed by the audit and risk management committee, with no verification opinion issued by the auditors[83]. Employee and Community Engagement - As of the end of the year, the group employed around 1,500 employees, offering competitive compensation and promoting team spirit through regular social events and training courses[77]. - The company actively supported government pandemic efforts by providing over 900 transport services during critical periods[49].
信德集团(00242) - 2022 - 年度业绩