Financial Performance - The company reported a total revenue of HKD 1.2 billion for the year 2021, representing a 15% increase compared to the previous year[19]. - In 2021, the total reported revenue of the Group was approximately HK$1,135.6 million, representing an increase of approximately 62.1% compared to HK$700.7 million in 2020[36]. - The company expects revenue growth of 10-15% for the upcoming fiscal year, driven by increased tourism and new marketing strategies[19]. - The Group's loss attributable to owners for the year ended December 31, 2021, was approximately HK$1,190.4 million, a decrease from a loss of approximately HK$1,955.1 million in the previous year, representing an improvement of about 39.2%[67]. - Adjusted EBITDA for the year ended 31 December 2021 recorded a loss of approximately HK$300.3 million, representing an improvement of approximately HK$129.0 million or approximately 30.0% over the loss of approximately HK$429.3 million in the previous year[57]. Visitor and Gaming Statistics - User data indicated that the number of visitors to the company's properties increased by 20% year-on-year, reaching 3 million visitors in 2021[19]. - The number of visitors to Macau reached approximately 7.7 million in 2021, an increase of about 31% compared to 2020[27]. - Total gross gaming revenue in Macau for 2021 was approximately HK$84 billion, an increase of approximately 44% compared to the previous year[27]. - The Group's gaming turnover for mass market tables increased by 36% to approximately HK$3,049.1 million in 2021[39]. - The total gaming drop for the year ended December 31, 2021, reached HK$3,824,633,000, a significant increase of 196.3% compared to HK$1,290,712,000 in 2020[41]. Market Expansion and Strategic Initiatives - The company is expanding its market presence in Southeast Asia, with plans to open two new properties by the end of 2023[19]. - New product launches, including a themed hotel and entertainment offerings, are projected to contribute an additional HKD 300 million in revenue[19]. - A strategic acquisition of a local gaming company was completed, expected to enhance the company's market share by 5%[19]. - The Group plans to optimize facilities at Macau Fisherman's Wharf and enhance the leisure experience in alignment with the Macau government's tourism initiatives[29]. - The Group expects the number of visitors to Macau to increase steadily in the second half of 2022 due to the increasing popularity of vaccines and the gradual relaxation of travel restrictions[89]. Operational Improvements and Investments - The company invested HKD 150 million in technology upgrades to improve customer experience and operational efficiency[19]. - The Group has been actively monitoring the impact of COVID-19 and has implemented measures to manage operating costs and expenses[67]. - The Group's operations were significantly impacted by COVID-19, leading to a decline in visitor arrivals to Macau and Laos, which necessitated various cost control measures[67]. - The Group has been upgrading dining and entertainment offerings at MFW to improve existing operations in Macau[83]. - The Group's finance costs for the year were HK$63.9 million, compared to HK$126.6 million in the previous year, indicating a reduction of approximately 49.6%[1]. Corporate Governance and Management - The board has committed to enhancing corporate governance practices to ensure transparency and accountability[160]. - The company has maintained compliance with corporate governance codes, with a focus on separating the roles of chairman and CEO[160]. - The board composition includes a diverse range of expertise, with at least three independent non-executive directors ensuring effective oversight[164]. - The Company has received written annual confirmation of independence from each independent non-executive Director as per Listing Rules[174]. - The Company encourages all Directors to participate in relevant training courses, with costs covered by the Company[188]. Human Resources and Workforce - The Group employed approximately 3,603 employees as of December 31, 2021, a decrease from 3,898 employees in 2020[104][105]. - The Group recognizes the importance of maintaining a stable workforce for continued success, with remuneration based on qualifications, performance, and market trends[106]. - The human resources vice president, Ms. Ng Wai Ching, has rich experience in HR management across various sectors, including gaming and hospitality[151]. - The management team is committed to enhancing the company's operational strategies and market expansion efforts[144]. - The Group reimbursed SJM for the salaries and benefits of approximately 1,122 gaming operation employees[105]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[156]. - The company aims to leverage Mr. Chow's extensive experience to drive future growth and market expansion in the hospitality sector[121]. - The company is focused on strategic human resource management to support its projects in Macau, mainland China, and overseas[151]. - The company has a strategic focus on expanding its gaming services and enhancing its operational capabilities in Macau[121]. - The company is actively involved in overseas business development, leveraging the expertise of its senior vice president in this area[146].
澳门励骏(01680) - 2022 - 年度财报