Business Operations - Swire Properties operates over 2,200 retail outlets in its shopping malls, employing approximately 70,000 people in its office buildings in Hong Kong[6]. - The beverage division distributes Coca-Cola products to a population of 847 million in Greater China and Southeast Asia, and provides management services to Swire Coca-Cola in the U.S., which serves a population of 31 million[6]. - Cathay Pacific and its subsidiaries operated a fleet of 230 aircraft as of December 31, 2023, providing scheduled passenger and cargo services to 92 destinations globally[6]. - Swire Group employs over 32,000 staff in Hong Kong and more than 35,000 in mainland China, totaling over 78,000 employees globally[6]. Financial Performance - The company reported a significant increase in net profit attributable to shareholders, reaching HKD 28,853 million in 2023, up 588% from HKD 4,195 million in 2022[7]. - Basic earnings per share for 'A' shares surged by 687% to HKD 25.03, while 'B' shares increased by 687% to HKD 5.01[7]. - Revenue for 2023 was HKD 94,823 million, reflecting a 3% increase from HKD 91,693 million in 2022[7]. - Operating profit rose by 150% to HKD 30,621 million, with a significant increase in operating profit excluding fair value changes of investment properties, which reached HKD 33,481 million, up 193%[7]. - The company achieved a cash inflow from operations of HKD 14,479 million, a 20% increase from HKD 12,043 million in 2022[7]. Investment Strategy - The company plans to invest nearly 60% of its HKD 100 billion commitment in core market projects by March 2024[10]. - The company completed the sale of its US Coca-Cola business for HKD 22,900 million, contributing to a record basic profit of HKD 36,200 million in 2023[10]. - The company is expanding its operations in Southeast Asia, with a conditional agreement to acquire over 50% of ThaiNamthip Corporation Ltd. for approximately HKD 9.47 billion[10]. - The company plans to expand its property portfolio, with ongoing developments in Hong Kong and mainland China, including significant projects in Sanya and Xi'an[35]. Sustainability and Governance - The company emphasizes long-term growth and sustainable development, focusing on core sectors in Greater China and Southeast Asia, including real estate, beverages, and aviation[3]. - The company is committed to high standards of corporate governance and maintaining the Swire brand reputation[3]. - The company has implemented internal carbon pricing across its operations, aiming for sustainable development goals[16]. - The company plans to integrate sustainability goals into its business strategy by 2030, empowering employees to contribute to these objectives[91]. Aviation Sector Performance - Cathay Pacific recorded a profit of HKD 9.789 billion in 2023, a significant turnaround from a loss of HKD 6.623 billion in 2022[14]. - Cathay Group's passenger operations served approximately 80 destinations, carrying 18 million passengers in 2023, an increase of over 500% compared to 2022[12]. - Passenger revenue surged by 308.8% to HKD 55,951 million in 2023, compared to HKD 13,686 million in 2022[134]. - The group’s total revenue increased to HKD 17,787 million in 2023, up from HKD 13,828 million in 2022, representing a growth of approximately 28.3%[131]. Real Estate Development - The total floor area attributable to Swire Properties is approximately 34.4 million square feet, with 24.4 million square feet of completed investment properties and hotels, and 10 million square feet under development or held for future development[31]. - Swire Properties' investment properties and hotel portfolio in Hong Kong comprises about 14.2 million square feet, including Grade A office buildings, retail properties, hotels, serviced apartments, and other high-end residential properties[31]. - The company aims to maintain long-term shareholder value growth by focusing on the development of high-end and quality residential properties[34]. - The company plans to redevelop two sites in Quarry Bay, with a total floor area of approximately 779,000 sq ft for office and commercial use[57]. Beverage Sector Performance - The company’s annual revenue for 2023 reached HKD 51.8 billion, excluding the performance of the US Swire Coca-Cola post-sale[92]. - The total annual sales volume was 2.043 billion standard cases, with 1.394 billion cases sold in mainland China[93]. - Swire Coca-Cola produced and distributed 39 beverage brands by the end of 2023, covering a population of 847 million in its operating regions[90]. - The sales revenue from the beverage segment was HKD 2,394 million, slightly up from HKD 2,392 million in 2022[171]. Challenges and Future Outlook - The company anticipates challenges in mainland China due to sluggish domestic consumption and rising raw material costs[115]. - The residential property market in Hong Kong remains soft due to economic uncertainty and high interest rates, but long-term demand is expected to remain stable[85]. - The company expects 2024 to be a year of stable and sustainable growth, continuing to focus on delivering greater value to shareholders[17]. - The group plans to address inflationary pressures through cost efficiency measures and price adjustments in response to labor supply constraints and global supply chain issues[160].
太古股份公司B(00087) - 2023 - 年度财报