Financial Performance - Revenue for the year ended December 31, 2023, was HKD 32,090,207,000, a decrease of 14% compared to HKD 37,321,229,000 in 2022[2] - Profit attributable to equity holders was HKD 4,429,160,000, down 4% from HKD 4,601,939,000 in the previous year[2] - Basic and diluted earnings per share for equity holders was 72.10 HKD cents, compared to 74.91 HKD cents in 2022[4] - The final dividend per share was 8.0 HKD cents, down from 9.0 HKD cents in the previous year, with total annual dividends per share at 22.0 HKD cents compared to 24.0 HKD cents in 2022[2] - Gross profit for the year was HKD 13,811,291,000, slightly down from HKD 14,364,599,000 in 2022[4] - Total comprehensive income for the year was HKD 2,581,444,000, compared to a loss of HKD 3,061,903,000 in the previous year[6] - The company reported a comprehensive EBITDA of HKD 7,124,484,000 for the year, indicating a stable performance despite revenue declines[16] - The company's total liabilities increased from HKD 127,998,905,000 to HKD 123,659,603,000, showing a slight reduction in financial leverage[17] - The total tax expense for the year was HKD 1,827,333,000, an increase from HKD 1,747,983,000 in 2022, marking a rise of 4.5%[28] - Basic earnings attributable to equity holders for 2023 were HKD 4,429,160,000, down from HKD 4,601,939,000 in 2022, indicating a decrease of 3.7%[30] Revenue Breakdown - For the fiscal year ending December 31, 2023, the total revenue from external customers was HKD 37,321,229,000, with significant contributions from various segments[15] - The revenue from the Environmental Energy Projects segment was HKD 17,359,810,000, while the Environmental Water Projects segment generated HKD 6,704,684,000[15] - The total reported segment revenue for the year was HKD 38,692,566,000, indicating a strong performance across the business divisions[15] - Revenue from environmental energy project construction services was HKD 4,332,798,000, down from HKD 9,193,065,000 in the previous year, a decrease of about 52.8%[21] - Operating service revenue from environmental energy projects increased to HKD 9,241,305,000 from HKD 8,898,332,000, reflecting a growth of approximately 3.9%[21] - The total customer contract revenue decreased to HKD 26,863,704,000 from HKD 31,969,923,000, a decline of around 16%[21] - Revenue from environmental water project construction services was HKD 2,502,809,000, slightly down from HKD 2,668,060,000, a decrease of about 6.2%[21] - The company’s revenue from green environmental projects construction services decreased to HKD 660,645,000 from HKD 1,297,251,000, a decline of approximately 48.1%[21] Assets and Liabilities - Non-current assets totaled HKD 142,029,678,000, down from HKD 144,611,892,000 in 2022[7] - Current assets increased to HKD 47,153,146,000 from HKD 45,985,906,000 in the previous year[8] - Total liabilities decreased to HKD 123,660,603,000 from HKD 126,359,361,000 in 2022[8] - Net assets attributable to equity holders increased to HKD 65,523,221,000 from HKD 62,598,893,000 in the previous year[8] - The company's total assets as of December 31, 2023, were HKD 189,182,824,000, while total liabilities were HKD 123,659,603,000[17] - The group's debt-to-asset ratio as of December 31, 2023, was 65%, a decrease of 2 percentage points from 67% at the end of 2022[83] Dividends - The interim dividend per ordinary share for 2023 was 14.0 HK cents, down from 15.0 HK cents in 2022[29] - The proposed final dividend per ordinary share for 2023 is 8.0 HK cents, compared to 9.0 HK cents in 2022[29] - The board proposed a final dividend of HKD 0.08 per share for the year ending December 31, 2023, down from HKD 0.09 per share in 2022[96] - The annual general meeting will be held on May 30, 2024, to approve the proposed final dividend[97] Operational Highlights - The company has focused on optimizing its operational management system and reducing costs through digital transformation[41] - The company has made efforts to recover and manage various accounts receivable, negotiating new loan limits with banks[42] - The company has actively expanded financing channels and improved its financing tool portfolio, resulting in reduced financing costs and improved liquidity[42] - The company has engaged in various public welfare activities, with 216 environmental projects participating in public outreach efforts[52] - The company has received multiple awards, including being ranked first in the "2023 Top 50 Environmental Enterprises in China" for the fifth consecutive year[53] - The company has been recognized for its corporate governance and ESG performance, receiving multiple awards in sustainability and social responsibility[56] Environmental Initiatives - The company has implemented 191 waste-to-energy projects, including one O&M project and one EPCO project, with a designed daily processing capacity of 158,900 tons[45] - The company has expanded its overseas market presence in Germany, Poland, Vietnam, and Mauritius[45] - The company has signed multiple contracts for light asset services, with a total contract value of approximately RMB 3.244 billion[47] - The company processed 52,440,000 tons of municipal solid waste, generating 25,865,000,000 kWh of green electricity[50] - The company has achieved a total of 270,365,000 tons of municipal solid waste processed since 2005, providing 131,351,000,000 kWh of green electricity[51] - The company has been recognized as a component of the Dow Jones Sustainability Index for eight consecutive years, highlighting its commitment to sustainable development[56] Research and Development - The environmental research institute focused on solid waste, water treatment, and clean energy, establishing flexible research teams to explore hydrogen energy and energy storage technologies[75] - The company has engaged in various public welfare activities, with 216 environmental projects participating in public outreach efforts[52] - The company has received the "2023 Environmental Equipment Technology Innovation Award" for its water-cooled furnace technology, showcasing its leadership in environmental technology[55] Future Outlook - The group aims to focus on high-quality development and strategic growth in solid waste, water, and clean energy sectors in 2024[81] - The company plans to submit its financial statements for the fiscal year ending December 31, 2023, to the Companies Registry in due course[12]
光大环境(00257) - 2023 - 年度业绩