海港企业(00051) - 2023 - 年度财报

Financial Performance - The group's consolidated revenue increased by 39% to HKD 1.579 billion, compared to HKD 1.139 billion in 2022[32]. - Revenue for 2023 increased by 39% to HKD 1,579 million compared to HKD 1,139 million in 2022[36]. - Total revenue for the year 2023 was HKD 1,579 million, an increase of 38.7% compared to HKD 1,139 million in 2022[172]. - The hotel segment reported a revenue of HKD 952 million in 2023, compared to HKD 577 million in 2022, marking a 65% increase[182]. - Revenue from the hotel segment increased to HKD 952 million in 2023, compared to HKD 577 million in 2022, marking a 65% growth[187]. - The investment property segment generated a revenue of HKD 242 million, up from HKD 217 million in the previous year, reflecting an 11% growth[182]. - The group’s revenue from property sales rose to HKD 238 million in 2023, compared to HKD 193 million in 2022, indicating a 23.3% increase[187]. - Operating profit surged by 1,307% to HKD 408 million from HKD 29 million in the previous year[36]. - The group's operating profit for 2023 was HKD 408 million, a substantial increase from HKD 29 million in 2022[179]. - Operating profit before depreciation, interest, and tax for 2023 was HKD 622 million, up from HKD 257 million in 2022, representing a growth of 142.4%[172]. - The net loss for the year was HKD 202 million, compared to a net loss of HKD 227 million in the previous year, indicating a reduction in losses by 11.0%[173]. Asset and Debt Management - Total assets amounted to HKD 16.9 billion, with a net asset value per share of HKD 20.22[33]. - Total assets decreased by 10% to HKD 16,896 million from HKD 18,849 million in 2022[36]. - The group's total assets decreased to HKD 16,896 million in 2023 from HKD 18,849 million in 2022, a decline of approximately 10%[184]. - The net debt decreased to HKD 0.145 billion, with a debt ratio of 1% of total equity, down from 3% in 2022[33]. - The net debt ratio improved to 1.0%, down from 3.0% in the previous year, reflecting a 2.0 percentage point decrease[36]. - As of December 31, 2023, the group has a net debt of HKD 145 million, down from HKD 464 million in 2022, reflecting a reduction of approximately 69%[50]. - The total equity-to-debt ratio is 1% in 2023, compared to 3% in 2022, indicating a decrease in leverage[50]. - The company’s total liabilities decreased to HKD 2,458 million in 2023 from HKD 3,515 million in 2022, a decrease of 30.1%[174]. Investment and Property Management - Hotel revenue surged by 65% to HKD 0.952 billion, recovering operating profit to HKD 26 million from a loss of HKD 240 million in 2022[32]. - Investment property income rose to HKD 0.242 billion, with operating profit increasing to HKD 0.213 billion from HKD 0.189 billion in 2022[33]. - The value of investment properties reached HKD 5.099 billion, compared to HKD 5.005 billion in 2022[47]. - The total investment properties' fair value increased to HKD 106.08 billion in 2023 from HKD 104.9 billion in 2022, showing a growth of approximately 1.1%[184]. - The group has exited the mainland property development market, retaining only unsold inventory with slow sales[25]. - The group made an impairment provision of HKD 697 million in response to a sluggish commercial property market[40]. - Remaining development property assets totaled approximately RMB 1.6 billion (equivalent to HKD 1.8 billion), accounting for about 10% of the group's assets[40]. Governance and Compliance - The board of directors consists of eight members, including one executive director, two non-executive directors, and five independent non-executive directors, ensuring effective governance[65]. - The group has maintained compliance with all applicable principles of the Corporate Governance Code throughout the fiscal year ending December 31, 2023[62]. - The company has adopted a Nomination Policy to guide the selection and appointment of directors, emphasizing the importance of skills and experience[69]. - The company has established a comprehensive risk management and internal control system to ensure compliance with laws and regulations, aiming to provide reasonable assurance against material misstatements or losses[90]. - The audit committee confirmed that the risk management and internal control systems are effective and sufficient, ensuring compliance with the Corporate Governance Code[97]. - The company has adopted an Anti-Corruption Policy as part of its corporate governance framework, demonstrating a commitment to the highest standards of business ethics[105]. - The company has established a Whistleblowing Policy to allow employees and stakeholders to report concerns confidentially without fear of retaliation[92]. Sustainability and Social Responsibility - The group is committed to sustainable development, integrating environmental, social, and governance factors into business decision-making processes[56]. - The group achieved ISO 14001 certification for environmental management systems at its Hong Kong hotels, indicating a commitment to environmental protection and compliance with applicable laws[58]. - The group has implemented various measures to reduce environmental impact, including effective energy and resource management, waste recycling, and energy-saving initiatives, contributing to the goal of reducing greenhouse gas emissions by 2030[58]. - The group actively participates in local community activities, supporting initiatives in education, environmental protection, and youth development[61]. - The group has received ISO 45001 certification for occupational health and safety management systems, demonstrating its commitment to achieving zero work-related injuries[59]. - The group has not recorded any work-related fatalities in 2023, reflecting its adherence to safety regulations and policies[59]. Shareholder Communication and Relations - The company has adopted a Shareholder Communication Policy to ensure timely and fair disclosure of key information to shareholders[106]. - The company emphasizes the importance of constructive and transparent communication with shareholders to create higher value[106]. - The company ensures shareholder privacy is protected under the Shareholder Communication Policy, disclosing information only with consent unless legally required[106]. - The company has reviewed the implementation and effectiveness of the Shareholder Communication Policy during the year[106]. - The 2023 Annual General Meeting was held on May 4, 2023, with all directors in attendance[107]. - The next Annual General Meeting is scheduled for May 3, 2024, encouraging all shareholders to vote on resolutions presented[108]. Risk Management - The company employs a risk management framework to identify and address current and foreseeable risks across its operations[152]. - The company aims to ensure that its risk management strategies align with its strategic objectives and risk tolerance levels[90]. - The group faces financial risks related to interest rates, foreign currencies, equity prices, and credit, with detailed management policies outlined in the financial statements[159]. - The group has conducted a climate risk assessment and scenario analysis to identify significant physical and transition risks and opportunities[159]. - The group has implemented a climate change policy statement to enhance climate resilience, including energy optimization and renewable energy adoption[159]. Employee and Director Information - The employee count stands at approximately 1,200 as of December 31, 2023, with compensation determined by job responsibilities and market trends[55]. - The total remuneration for the five highest-paid employees was HKD 12 million in 2023, up from HKD 10 million in 2022[194]. - All directors participated in continuous professional development during the fiscal year, attending seminars and reading relevant materials[80]. - The remuneration for directors in the fiscal year ending December 31, 2023, is set at HKD 70,000 per year for directors and HKD 30,000 for audit committee members[78].