Financial Performance - In 2022, the company's total revenue was HKD 3.032 billion, a decrease of 17% year-on-year[1]. - The company reported a pre-tax loss of HKD 685 million, compared to a pre-tax profit of HKD 15 million in the previous year[1]. - Shareholders' loss amounted to HKD 356 million, down from a profit of HKD 174 million in the previous year[1]. - The company's revenue for the year ended December 31, 2022, was HKD 3,031,936, a decrease of 16.9% compared to HKD 3,647,829 in 2021[8]. - The operating loss for 2022 was HKD 673,982, compared to a loss of HKD 107,936 in 2021, indicating a significant decline in performance[8]. - The total annual loss for 2022 was HKD 665,616, compared to a loss of HKD 91,587 in the previous year, reflecting a worsening financial situation[9]. - The company's basic loss per share for 2022 was HKD 6.43, compared to earnings of HKD 3.14 per share in 2021[8]. - The financial net income for 2022 was HKD 53,216,000, a decrease of 28.9% from HKD 74,787,000 in 2021[31]. - The overall financial and business condition of the company is considered stable despite the challenges faced in 2022[8]. Assets and Liabilities - As of December 31, 2022, the company's cash and bank balance was HKD 2.798 billion, with total assets of HKD 23.763 billion and a debt-to-capital ratio of 27%[1]. - Total assets as of December 31, 2022, amounted to HKD 23,763,327, down from HKD 25,808,398 in 2021, indicating a decrease in asset value[10]. - The company's cash and bank balances decreased to HKD 2,797,976 in 2022 from HKD 3,074,492 in 2021, showing a decline in liquidity[10]. - Total liabilities decreased from HKD 4,869,342,000 to HKD 4,094,012,000, representing a reduction of about 15.9%[13]. - The total capital expenditure included HKD 644,491 for property, plant, and equipment and land lease prepayments[25]. Revenue Breakdown - Revenue from tourism attractions and related businesses was HKD 2,368,320,000, while the hotel business generated HKD 469,238,000[19]. - The travel agency and related business segment reported revenue of HKD 117,191,000, indicating a modest contribution to overall revenue[19]. - Revenue from tourism attractions and related services was HKD 707,016,000, down 45.4% from HKD 1,295,060,000 in the previous year[30]. - Hotel revenue increased to HKD 501,037,000, up 7.8% from HKD 464,579,000 in 2021[30]. - Revenue from theme parks was HKD 201 million, a 50% decrease, with attributable losses of HKD 66 million, compared to a loss of HKD 40 million in the previous year[45]. - Revenue from natural and cultural scenic destinations was HKD 348 million, a 45% decrease, with attributable losses of HKD 38 million, down from a profit of HKD 37 million in the previous year[46]. Strategic Initiatives - The company aims to become a leading tourism destination investment and operation service provider, focusing on high-quality tourism resources and launching new products[3]. - The company is preparing for the resumption of cross-border travel and has completed the topping out of the Hung Hom hotel project, expected to trial operations in January 2024[3]. - The company aims to leverage opportunities from the "Guangdong-Hong Kong-Macao Greater Bay Area" strategy to expand its domestic and international business[8]. - The company plans to enhance its leisure resort business through partnerships with leading brands and product upgrades, aiming to lead the domestic leisure resort market[4]. - The company is focused on expanding its operations in mainland China, particularly in theme parks and tourism-related services[18]. - The company is committed to exploring strategic acquisitions to bolster its market position and expand its service offerings[18]. Market Conditions - The Hong Kong economy contracted by 3.5% year-on-year in 2022, with an unemployment rate of 3.5% from October to December[2]. - In the first two months of 2023, total revenue from tourism attractions and related businesses has recovered to the levels of the same period in 2019, with some attractions achieving record performance[8]. - The group expects significant recovery in 2023, driven by the lifting of travel restrictions and supportive economic policies in mainland China[71]. Corporate Governance - The board of directors does not recommend the distribution of a final dividend for the year ended December 31, 2022[43]. - The group has adhered to the corporate governance code, with no significant deviations reported for the year ending December 31, 2022[74]. - The audit committee reviewed the accounting principles and practices adopted by the company for the year ending December 31, 2022[77]. - The company has confirmed compliance with the standard code of conduct for securities trading by all directors for the year ending December 31, 2022[76]. Future Outlook - The company plans to enhance its product offerings by introducing interactive and immersive experiences targeting local family markets, with a focus on cultural integration through digital tourism[56]. - The company aims to establish a high-end, differentiated development model for its Star Hotel, creating a new vacation model that combines scenic areas with unique hotels, and plans to launch a "Diamond Hotel" in 2023[56]. - The company is committed to a comprehensive operational model that integrates resource acquisition, product development, service enhancement, and marketing support for its luxury hotel projects[56]. - The company is focusing on improving operational efficiency in its passenger transport business by acquiring cross-border transport companies and optimizing routes to increase market share[59]. - The company is enhancing its wine sales service levels and accelerating hotel construction and operations to create a premium experience[56].
香港中旅(00308) - 2022 - 年度业绩