Financial Performance - For the fiscal year ending December 31, 2023, the company reported audited revenue of HKD 32.698 billion, an increase of 4.3% compared to the previous year[17]. - The audited net profit for the year was HKD 3.424 billion, representing a year-on-year increase of 48.0%[17]. - The total revenue for the year 2023 was HKD 7.954 billion, a decrease of 27.8% compared to the previous year[53]. - Shareholders' profit for the year was HKD 495 million, an increase of 21.6% year-on-year, primarily due to the delivery of high-margin residential properties[53]. - The group’s audited revenue for the year ended December 31, 2023, was HKD 32.698 billion, an increase of 4.3% compared to the previous year[32]. - Profit attributable to the company's owners reached HKD 3,423,695, representing a significant increase of 48.0% from HKD 2,313,924 in the previous year[69]. - Basic earnings per share rose to HKD 3.149, up 48.0% from HKD 2.128 in 2022[67]. - Gross profit for 2023 was HKD 12,789,693 thousand, up from HKD 9,030,839 thousand in 2022, indicating a significant increase of 41.5%[200]. - Profit before tax for 2023 was HKD 8,740,567 thousand, a substantial increase from HKD 5,511,078 thousand in 2022, marking a growth of 58.5%[200]. - Annual profit attributable to the company’s owners was HKD 3,423,695 thousand in 2023, compared to HKD 2,313,924 thousand in 2022, representing a growth of 47.9%[200]. Dividends - The board proposed a final dividend of HKD 0.52 per share for 2023, up from HKD 0.50 per share in 2022, resulting in a total annual dividend of HKD 0.94 per share[14]. - The total dividend payout ratio for the year reached 30%[17]. - The total dividend proposed for 2023 is HKD 0.94 per share, up from HKD 0.92 in 2022, with a payout ratio of 30%[78]. - The board of directors has the discretion to determine the dividend payout ratio, but there is no guarantee of dividend distribution[135]. Business Segments Performance - The infrastructure and environmental business recorded a profit of HKD 2.321 billion, an increase of 20.5% year-on-year, driven by a significant rise in traffic and revenue from toll roads as pandemic restrictions eased[18]. - The real estate business achieved a profit of HKD 839 million, a substantial increase of 180.1% year-on-year, despite a 27.8% decline in revenue to HKD 7.954 billion[18]. - The health business generated a profit of HKD 79.71 million during the year[18]. - The total revenue for the environmental segment was RMB 7.573 billion, with a net profit of RMB 604 million, reflecting a year-on-year decline of 8.8% and 22.6% respectively[19]. - The consumer goods business showed signs of recovery with a net profit of HKD 375 million, reflecting a year-on-year increase of 20.8%[18]. Strategic Initiatives - The company emphasized strengthening internal controls and deepening the integration of production and finance to ensure stable operations and development of core businesses[17]. - The company is committed to industrial innovation and overcoming challenges to achieve satisfactory business and profit performance[17]. - The company plans to enhance its solid waste business through a strategic investment in Guangdong Environmental Protection, acquiring exchangeable bonds worth approximately HKD 1.637 billion, potentially increasing its stake to 29.48%[21]. - The company is actively expanding its green energy projects, with solar power assets reaching 740 MW and generating approximately 1.081 billion kWh of electricity, despite a 4.38% decrease due to adverse weather conditions[22]. - The company is focusing on major projects, including the development of a 480-meter high building in Shanghai, which will become a new landmark in the North Bund area[25]. Market Conditions - The economic situation in mainland China and Hong Kong has shown continuous improvement, despite ongoing international geopolitical tensions[17]. - The company is focusing on expanding domestic demand and optimizing structure to mitigate risks in a challenging international environment[51]. Governance and Management - The board of directors is responsible for overseeing the group's long-term business strategies and governance policies[95]. - The company has established a board diversity policy to ensure a balance of skills, experience, and perspectives among board members[97]. - The company has appointed a new executive director, Shu Dong, on June 5, 2023, following the resignation of Xu Bo due to age-related reasons[99]. - The company provides liability insurance for its directors and senior management to cover potential legal risks associated with their duties[101]. - The company has established a whistleblowing system to allow confidential reporting of misconduct by employees and business partners[125]. Risk Management - The group has established a comprehensive risk management policy to address currency, interest rate, price, and credit risks[87][88][89][90]. - The company maintains a risk management and internal control system, with no significant discrepancies found across subsidiaries[124]. Corporate Social Responsibility - The company has committed to a transformation towards ESG (Environmental, Social, and Governance) values, emphasizing sustainable development[136]. - The group made charitable donations totaling HKD 2,056,000 during the year[185]. Future Outlook - The company plans to increase investments in energy storage, hydrogen energy, and offshore wind power projects[49]. - The company aims to enhance financial control and efficiency to ensure stable operational performance amid market fluctuations[51].
上海实业控股(00363) - 2023 - 年度财报