Financial Performance - The group's revenue for the year ended December 31, 2022, was HKD 1.6 billion, representing a 34% increase compared to the previous year[2] - Gross profit for the same period was HKD 1.064 billion, reflecting a 95% growth year-on-year[2] - Operating profit reached HKD 1.346 billion, marking a 137% increase from the prior year[2] - The profit attributable to the company's owners was HKD 922 million, a significant recovery from a loss of HKD 1.095 billion in the previous year[2] - Basic and diluted earnings per share for the year were HKD 0.1297, compared to a loss of HKD 0.1519 per share in the previous year[5] - The company reported a total comprehensive income of HKD 653 million for the year, a recovery from a loss of HKD 1.083 billion in the previous year[5] - The company reported a profit attributable to equity holders of HKD 922,010,000 for 2022, recovering from a loss of HKD 1,095,327,000 in 2021[21] - The adjusted EBITDA for the year was HKD 1,466 million, an increase from HKD 947 million in the previous year[45] Dividends - The board proposed a final dividend of HKD 400 million for the year, in addition to an interim dividend of HKD 300 million[2] - The total dividend declared for the year ended December 31, 2022, was HKD 877,971,000, compared to HKD 699,938,000 in 2021, an increase of 25%[33] - The special dividend for the year was HKD 194,847,000, with an interim dividend of HKD 292,817,000, reflecting a consistent dividend policy[34] - The proposed final dividend for the year is HKD 400,000,000, equivalent to HKD 0.0531 per share, compared to HKD 0.0549 per share in 2021[37] - The company plans to distribute the final dividend on August 3, 2023, pending shareholder approval at the annual general meeting[37] Assets and Liabilities - Total assets as of December 31, 2022, amounted to HKD 13.656 billion, slightly up from HKD 13.382 billion in 2021[6] - Total liabilities increased to HKD 3.632 billion from HKD 3.154 billion in the previous year[7] - Non-current assets totaled HKD 7.779 billion, compared to HKD 5.276 billion in 2021, indicating significant growth in asset value[6] - The company’s net asset value was HKD 10.024 billion, slightly down from HKD 10.228 billion in the previous year[41] - The debt-to-asset ratio rose to 26.6% from 23.6% in 2021, indicating a slight increase in leverage[41] Revenue Sources - Operating service revenue decreased to HKD 386,737,000 in 2022 from HKD 436,617,000 in 2021, representing a decline of 11.4%[12] - Investment fund's excess return significantly increased to HKD 515,489,000 in 2022 from HKD 246,583,000 in 2021, marking a growth of 108.8%[12] - The company recognized revenue from a single external customer amounting to approximately HKD 317,363,000 in 2022, an increase from HKD 266,972,000 in 2021[13] - Contract liabilities related to operating services recognized revenue of approximately HKD 22,659,000 in 2022, compared to HKD 21,771,000 in 2021[15] Taxation - Income tax expense for the year was approximately HKD 269,091,000, compared to HKD 124,413,000 in 2021, reflecting a significant increase of 116.1%[16] - The effective tax rate for the company's subsidiaries in China was 25% for 2022, consistent with 2021[17] - The withholding tax rate on dividends distributed to foreign investors from China is 10%, but the company benefits from a reduced rate of 5%[17] Share Capital and Financing - The company issued 210,000,000 new shares in 2022, raising approximately HKD 426,300,000, which increased the share capital[31] - The company completed a placement of 252,802,246 shares at a price of HKD 1.80 per share, raising approximately HKD 448 million[68] - The net proceeds from the fundraising activities amounted to HKD 1,256 million, with HKD 754 million allocated for parking business commitments and new parking asset expansions[60] Strategic Initiatives - The restructuring of the executive committee into an executive management committee aims to enhance corporate governance and improve synergy with the board[13] - The company focuses on "precise investment + lean operation" to enhance asset management and operational efficiency in infrastructure assets[51] - The group is actively involved in public REITs consulting and has assisted over 20 clients in preparing for public REITs issuance, with asset revitalization exceeding RMB 100 billion[52] - The group believes that public REITs have a trillion-level market potential and will become one of the largest investment opportunities in the next decade[71] Operational Developments - The group achieved significant performance improvement in 2022 despite severe pandemic control measures, driven by cross-sector integration of infrastructure assets, resulting in value revaluation[54] - The group secured a parking project at Xi'an Xianyang International Airport, with a minimum of 8,000 parking spaces and an 8-year operating right, reinforcing its leading position in airport parking[54] - The group has established a comprehensive operational capability across the entire lifecycle of asset management, focusing on "investment + operation" to enhance service quality and operational efficiency[53] Employee and Governance - The group had a total of 515 employees as of December 31, 2022, promoting equal employment opportunities and a non-discriminatory work environment[70] - The group has adopted an equity incentive plan in 2021 to align the interests of employees, the company, and shareholders[70] - The group complies with all provisions of the Corporate Governance Code as of December 31, 2022[74]
首程控股(00697) - 2022 - 年度业绩