Financial Performance - Company revenue increased by 0.9% year-on-year to $1,454,353,000; profit attributable to equity holders rose by 5.8% to $324,557,000[3] - Gross profit decreased by 2.1% to $420,900,000, while the profit from joint ventures and associates fell by 3.3% to $297,900,000[3] - Basic earnings per share increased by 2.3% to 9.33 cents; the dividend payout ratio remained at 40%[3] - The net profit for the year was $394,280 thousand, up from $390,744 thousand in 2022, indicating a growth of approximately 0.4%[8] - The company reported a total comprehensive income of $366,204 thousand for 2023, a significant recovery from a loss of $204,622 thousand in 2022[8] - Operating profit for 2023 was $274,816 thousand, compared to $261,350 thousand in 2022, reflecting an increase of about 5.2%[7] - The profit attributable to the company's equity holders for 2023 was $324,557,000, an increase of 5.8% compared to $306,633,000 in 2022[48] - The total dividend paid for 2023 was $131,898,000, slightly up from $123,742,000 in 2022[44] Assets and Liabilities - Total assets as of December 31, 2023, amounted to $11,931,881,000, up from $11,326,353,000 in the previous year[6] - Total liabilities increased to $5,089,356,000 from $4,687,180,000 year-on-year[6] - The company’s net current liabilities stood at $69,006 thousand as of December 31, 2023, with sufficient resources to meet upcoming obligations[9] - Total non-current assets rose to $10,066,519 thousand in 2023, up from $9,566,393 thousand in 2022, reflecting an increase of 5.2%[33] - The group reported a total outstanding debt of $3,234,631,000 as of December 31, 2023, up from $2,908,623,000 in 2022[59] Cash Flow and Financial Expenses - Cash and cash equivalents stood at $1,162,926,000, compared to $1,069,317,000 in the previous year[5] - The group's net cash inflow from operating activities for 2023 was $482,447,000, an increase from $467,638,000 in 2022[58] - Financial expenses increased to $(171,189) thousand in 2023 from $(126,387) thousand in 2022, representing a rise of approximately 35.4%[7] - Net financial expenses for 2023 amounted to $143,191,000, up from $109,265,000 in 2022[40] Revenue and Throughput - Total throughput increased by 4.4% year-on-year to 135,808,554 TEUs; equity throughput rose by 3.1% to 43,381,201 TEUs[2] - Revenue for the operational segment was reported at $1,454,353,000, with a profit of $431,601,000 attributable to equity holders[28] - The total throughput for the group as of December 31, 2023, was 135,808,554 TEUs, representing a 4.4% increase from 130,107,074 TEUs in 2022[76] Investments and Acquisitions - Non-current asset additions totaled $431,477,000, indicating ongoing investment in property, plant, and equipment[28] - The group acquired a 30% stake in Xiamen Yuanhai Terminal for approximately $120,997,000, making it a wholly-owned subsidiary[58] - The acquisition of Xiamen Ocean Supply Chain Development Co., Ltd. contributed $31,351,000 in revenue for 2023[51] Market and Operational Strategy - The company plans to continue expanding its market presence and investing in new technologies[2] - The company aims to enhance its international layout across four dimensions: efficiency, network, assets, and personnel, to transform into a global operator[75] - The company plans to actively pursue global layout opportunities, particularly in emerging markets represented by RCEP, and optimize domestic port resource integration[75] Sustainability and Corporate Governance - The company emphasizes sustainable development, focusing on energy conservation and carbon reduction, and aims for carbon neutrality[86] - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules as of December 31, 2023[78] - The company actively participates in ecological protection and resource conservation initiatives to mitigate impacts on biodiversity[90] Awards and Recognition - In 2023, the company received multiple awards, including the "Best Port Operator" and "Best Corporate Social Responsibility Company" from International Business magazine[84] - The company has been recognized for its corporate governance and transparency efforts, receiving several accolades in 2024[84]
中远海运港口(01199) - 2023 - 年度业绩