Financial Performance - The company's total revenue for 2023 reached HKD 4.494 billion, representing a 48% increase compared to the previous year[1]. - Shareholders' profit amounted to HKD 240 million; excluding the impact of land value tax on real estate projects, the profit was HKD 436 million[1]. - Basic earnings per share were HKD 0.0433, recovering from a loss of HKD 356 million in the previous year[1]. - The gross profit for the same period was HKD 1,515,118 thousand, compared to HKD 308,409 thousand in the previous year, indicating a substantial increase in profitability[9]. - The net profit for the year was HKD 345,494 thousand, a turnaround from a net loss of HKD 665,616 thousand in 2022, showcasing a recovery in financial performance[9]. - The company achieved a basic earnings per share of HKD 4.33, compared to a loss per share of HKD 6.43 in the prior year, reflecting improved earnings capacity[9]. - The operating profit for the business was HKD 283 million, compared to an operating loss of HKD 257 million in the previous year[44]. - The company reported a loss of HKD 665,616,000 for the year ended December 31, 2022, highlighting a significant turnaround in 2023[25]. - The company reported a net profit of HKD 345,494,000 for the year, despite a fair value loss of HKD 19,171,000 on investment properties[21]. Assets and Liabilities - As of December 31, 2023, cash and bank balances stood at HKD 2.663 billion, with total assets of HKD 25.014 billion and a debt-to-capital ratio of 33%[1]. - The overall asset value of the company as of December 31, 2023, was HKD 25,014,439 thousand, an increase from HKD 23,763,327 thousand in 2022, reflecting growth in asset management[11]. - Total equity attributable to owners increased to HKD 9,222,295, up from HKD 6,977,197, representing a growth of approximately 32%[14]. - Total liabilities rose to HKD 6,762,389, compared to HKD 5,785,714, indicating an increase of about 17%[14]. - Non-current liabilities totaled HKD 2,552,177, a significant increase from HKD 1,691,702, reflecting a growth of approximately 51%[14]. - Current liabilities amounted to HKD 4,210,212, up from HKD 4,094,012, showing a slight increase of about 3%[14]. - Total equity and liabilities reached HKD 25,014,439, compared to HKD 23,763,327, marking an increase of around 5.3%[14]. - Bank and other borrowings increased significantly to HKD 662,964 from HKD 210,788, representing a growth of about 214%[14]. Revenue Segments - The tourism attractions and related business segment generated revenue of HKD 2,303,832,000, while the hotel business segment contributed HKD 693,873,000[22]. - The revenue from the tourism sector and related businesses was HKD 1,855,296,000, up from HKD 707,016,000 in 2022, indicating a growth of about 162.3%[33]. - Theme park revenue reached HKD 670 million, a growth of 233%, with a profit attributable to shareholders of HKD 79 million, recovering from a loss of HKD 66 million last year[48]. - Revenue from cultural and natural scenic destinations was HKD 956 million, an increase of 175%, with a profit of HKD 161 million, recovering from a loss of HKD 38 million last year[49]. - The revenue from leisure resort destinations was HKD 629 million, a decrease of 64%, with a loss attributable to shareholders of HKD 293 million, down from a profit of HKD 141 million last year[50]. - Revenue from tourism certificate and related businesses was HKD 474 million, a significant increase of 305%, with a profit of HKD 251 million, recovering from a loss of HKD 400,000 last year[52]. - Hotel business revenue was HKD 694 million, an increase of 48%, with a profit attributable to shareholders of HKD 162 million, up 827% from the previous year[53]. - Passenger transport business revenue reached HKD 989 million in 2023, a significant increase of 1,808% compared to the previous year, with a profit of HKD 20 million after a loss of HKD 169 million in 2022[55]. Strategic Initiatives - The company plans to deepen its presence in Hong Kong's tourism market with the completion of the Hung Hom Hotel and the acquisition of the Parkview Long-term Rental Apartment[5]. - The company aims for breakthrough progress in tourism projects in Hainan by 2024, with a clear target and timeline[5]. - The company is enhancing its capital market valuation and investor communication through performance announcements and industry roadshows[5]. - The company is integrating new technologies such as AI and blockchain into tourism experiences to improve customer service and operational efficiency[5]. - The company is actively expanding its projects in major tourist provinces such as Sichuan, Yunnan, and Guizhou, and is progressing with the Maldives Ambaala Island resort project as part of its international strategy[6]. - The company aims to enhance its core service capabilities and has established a 4D service standard system, launching new service brands "WILD" and "SOUL" for cultural and leisure destinations[56]. - The company is focusing on creating a world-class "cross-border waterfall eco-resort" in the Detian scenic area, promoting tourism cooperation along the Belt and Road Initiative[57]. - The company is leveraging "technology + tourism" to drive business model upgrades and enhance customer experience through digital platforms and innovative technologies like blockchain and VR[63]. Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, with no significant impact from newly adopted standards[16]. - The company has complied with the corporate governance code, with some deviations noted regarding independent director meetings and formal appointment letters[80]. - All directors confirmed compliance with the standard code of conduct for securities trading throughout the year ending December 31, 2023[81]. - The audit committee reviewed the accounting principles and practices adopted by the company for the year ending December 31, 2023[82]. Future Outlook - The global economy is expected to show resilience, with the IMF projecting China's economic growth at 4.6% and global growth at 3.1% for 2024[75]. - The company anticipates significant growth in inbound tourism in China for 2024, supported by government policies and the resumption of travel[75]. - The group is confident in improving operational performance and results for 2024, leveraging opportunities from the full reopening of the market[76]. - The group aims to explore diversified long-term value opportunities for shareholders[76].
香港中旅(00308) - 2023 - 年度业绩