Financial Performance - Revenue for the year was HKD 13.017 billion, a decrease from HKD 17.371 billion in the previous year[4] - Profit attributable to equity holders was HKD 345.3 million, down from HKD 923.1 million year-on-year[4] - Basic earnings per share decreased to HKD 0.056 from HKD 0.150 in the previous year[4] - Total revenue for the year ended December 31, 2022, was HKD 17,370,544, an increase from HKD 17,217,480 in 2021, representing a growth of approximately 0.89%[16] - The operating profit before tax for 2022 was HKD 2,476,296, compared to HKD 2,427,313 in 2021, indicating an increase of about 2.02%[16] - The company reported a net profit attributable to shareholders of HKD 345,266 for 2022, compared to HKD 923,116 in 2021, indicating a significant decline[24] - The group's revenue for 2022 was HKD 13.017 billion, a decrease of 25.1% from HKD 17.371 billion in 2021[34] - The group's gross profit was HKD 3.337 billion, down 12.9% from HKD 3.831 billion in the previous year[30] - The net profit attributable to shareholders was HKD 345 million, a significant decline of 62.6% compared to HKD 923 million in 2021[31] Dividends - Proposed final dividend per share is HKD 0.0224, with a payout ratio of approximately 40%[3] - The company proposed a final dividend of HKD 0.0224 per share for 2022, a decrease from HKD 0.0599 per share in 2021[23] - The board proposed a final dividend of HKD 0.0224 per share, maintaining a payout ratio of approximately 40%[31] - The board proposed a final dividend of HKD 0.0224 per share for the year ended December 31, 2022, subject to approval at the annual general meeting on June 14, 2023[61] Operational Metrics - Total cargo throughput reached 443 million tons, with container throughput at 19.83 million TEUs[3] - The container throughput for the group was 19.83 million TEUs in 2022, a decrease of 1.8% from 20.20 million TEUs in 2021[30] - The group achieved a total throughput of 24.103 million tons in bulk cargo, an increase of 1.0% compared to the previous year[37] - Revenue from bulk cargo handling was HKD 5.385 billion, representing a 4.4% increase year-on-year, with an 8.6% increase in RMB terms[37] - Revenue from container handling was HKD 1.999 billion, a decrease of 23.4% year-on-year, with a 20.3% decrease in RMB terms[41] - Sales business revenue fell to HKD 2.979 billion, down 56.0% year-on-year, primarily due to the sale of a subsidiary in August 2021[42] - Other port services revenue decreased by 6.1% to HKD 2.654 billion, attributed to a decline in business volume[44] Assets and Liabilities - Total assets decreased to HKD 42.211 billion from HKD 46.302 billion year-on-year[6] - Total liabilities decreased to HKD 12.557 billion from HKD 15.773 billion in the previous year[7] - Non-current assets decreased to HKD 31.983 billion from HKD 34.045 billion year-on-year[6] - Cash and cash equivalents amounted to HKD 7.958 billion as of December 31, 2022, a decrease from HKD 8.996 billion in 2021[52] - As of December 31, 2022, the total debt of the group was HKD 8.291 billion, a decrease from HKD 10.333 billion as of December 31, 2021[53] - The debt-to-equity ratio as of December 31, 2022, was 28.0%, down from 33.8% as of December 31, 2021[54] Financial Standards and Reporting - The application of the revised Hong Kong Financial Reporting Standard No. 12 resulted in the recognition of deferred tax assets and liabilities related to right-of-use assets and lease liabilities, with carrying amounts of HKD 359,577,000 and HKD 380,271,000 respectively as of December 31, 2022[13] - The group has not early adopted the newly issued and revised Hong Kong Financial Reporting Standards that are effective from January 1, 2023, and beyond, which are expected to have no significant impact on the consolidated financial statements[12] - The group applied the revised Hong Kong Financial Reporting Standard No. 3 for business combinations effective from January 1, 2022, with no impact on the consolidated financial statements for the current year[11] - The group is currently assessing the full impact of the revised standards on its financial reporting and operations[13] - The group has implemented the revised Hong Kong Accounting Standard No. 16, which pertains to the recognition of lease liabilities and right-of-use assets, effective from January 1, 2023[12] - The group expects that the newly issued and revised standards will not have a significant impact on the consolidated financial statements in the foreseeable future[12] Employee and Governance - The group had approximately 6,141 employees as of December 31, 2022, with compensation determined based on position, performance, and market conditions[59] - The company has complied with all provisions of the Corporate Governance Code, except for the attendance of the chairman at the annual general meeting held on June 15, 2022[64] - The Audit Committee consists of three independent non-executive directors as of December 31, 2022, with Zheng Zhipeng as the chairman[66] - The company has adopted the standard code for securities transactions by directors as per the listing rules[65] Future Outlook - The group aims for a GDP growth target of around 5% for 2023, focusing on stabilizing employment and improving ecological environment quality[32] - The group plans to enhance operational efficiency and strengthen cost control while promoting green and low-carbon development[32]
天津港发展(03382) - 2022 - 年度业绩