Financial Performance - Total revenue for the six months ended June 30, 2024, was HKD 232,644 million, representing a 4% increase from HKD 223,867 million in the same period last year[12]. - EBITDA for the same period was HKD 63,422 million, up 4% from HKD 61,151 million[12]. - EBIT increased by 5% to HKD 30,955 million compared to HKD 29,613 million in the previous year[12]. - The company reported a net profit attributable to ordinary shareholders of HKD 10,205 million, down 9% from HKD 11,208 million[12]. - The reported profit attributable to shareholders was HKD 10,205 million, down 9% from HKD 11,208 million in 2023[16]. - The profit attributable to ordinary shareholders for the first half of 2024 was HKD 10.19 billion, a decrease of 7% compared to the same period in 2023[19]. - The company declared an interim dividend of HKD 0.688 per share, a decrease of 9% from HKD 0.756 per share in the previous year[16]. - The company reported a significant increase in EBIT, reaching HKD 1,822 million in the first half of 2024, up from HKD 1,143 million in the same period of 2023, representing a growth of 59.5%[50]. Revenue Segmentation - The telecommunications segment reported revenue of HKD 42,934 million, a 19% increase from HKD 41,761 million[12]. - Retail revenue remained stable at HKD 11,760 million, with no significant change from HKD 11,771 million[12]. - Infrastructure revenue decreased by 3% to HKD 9,754 million from HKD 10,069 million[12]. - Retail segment revenue increased by 39% to HKD 91,469 million, while the infrastructure segment saw a slight decline of 2% to HKD 27,098 million[16]. - The financial and investment segment's revenue rose by 8% to HKD 49,549 million, compared to HKD 46,084 million in 2023[16]. - The port and related services sector handled 42.3 million TEUs, a 7% increase year-on-year, with revenue rising to HKD 21.59 billion, up 9%[21]. - The retail sector operated 16,548 stores across 28 markets, with total revenue of HKD 91.49 billion, a 3% increase year-on-year[22]. - The health and beauty products segment accounted for 88% of retail revenue, with same-store sales growing by 5% and total sales increasing by 6% in local currency[23]. Cost and Expenses - Interest expenses and other financing costs were HKD 11,933 million, a slight increase of 2% from HKD 11,735 million[12]. - The effective tax rate increased significantly, with current tax expenses rising to HKD 4,351 million, a 32% increase from HKD 3,292 million[12]. - Operating expenses for the first half of 2024 decreased by 4% to HKD 17.506 billion, compared to HKD 18.227 billion in the previous year[44]. - The average monthly gross profit per user (AMPU) in Hong Kong decreased by 17% compared to June 30, 2023[56]. - The average monthly revenue per user (ARPU) remained stable at €12.76, while the average margin per user (AMPU) increased by 1% to €11.65[46]. Market Strategy and Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[12]. - The company plans to maintain strong performance in Europe and ASEAN markets while improving operations in non-ASEAN Asian regions[23]. - The company aims to strengthen its balance sheet and overall financial position while maintaining flexible financial strategies to deliver shareholder returns[31]. - The company is actively seeking opportunities to enhance shareholder returns, including potential market consolidation and strategic alliances with global technology partners[88]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[117]. Sustainability and Corporate Governance - The retail division has committed to reducing Scope 1 and 2 emissions by 50.4% and Scope 3 emissions by 58% through renewable energy purchases[23]. - The company continues to monitor evolving sustainability regulations to ensure compliance and enhance data accuracy through partnerships with independent assessment agencies[30]. - The company emphasizes effective corporate governance to enhance shareholder value and protect stakeholder interests[108]. - The company has adhered to all applicable corporate governance codes as per the Hong Kong Stock Exchange during the reporting period[109]. Shareholder Information - The total issued shares of the company as of June 30, 2024, is 3,830,044,500 shares[95]. - Li Ka-Shing Unity Trustee Company Limited holds 1,005,817,044 shares, representing approximately 26.2% of the total issued shares[93]. - The company’s shareholding structure includes various trusts, with Li Ka-Shing Unity Trust and Li Ka-Shing Castle Trust being significant holders[93][94]. - The company has a significant interest in Cheung Kong Infrastructure Holdings, with Li Zeju holding 5,428,000 shares, approximately 0.21% of its issued voting shares[96]. Financial Health and Ratios - The net debt to total equity ratio as of June 30, 2024, was 9.8%, indicating strong financial health, with cash reserves of HKD 9.2 billion[42]. - The group's net cash inflow before financing activities for the first half of 2024 was HKD 16.16 billion, an increase of 6.8% from HKD 15.14 billion in the same period last year[4]. - The total bank and other debts as of June 30, 2024, amounted to HKD 280.83 billion, up from HKD 274.91 billion as of December 31, 2023[78]. - The group’s total assets were HKD 763,678 million as of June 30, 2024, compared to HKD 778,361 million on December 31, 2023, reflecting a decrease of 1.88%[152].

Revenue and Profitability - Total revenue for the six months ended June 30, 2024, was HKD 232.644 billion, an increase of 4% compared to HKD 223.867 billion in the same period of 2023[2]. - Reported profit attributable to shareholders decreased by 9% to HKD 10.205 billion, with earnings per share at HKD 2.66, down from HKD 2.93 in 2023[2][3]. - The interim dividend declared is HKD 0.688 per share, a decrease of 9% from HKD 0.756 per share in the previous year[4]. - The company anticipates continued growth in revenue and profitability for the remainder of 2024, driven by market expansion and new product launches[33]. - The net profit attributable to ordinary shareholders for the six months ended June 30, 2024, was HKD 10,205 million, down from HKD 11,208 million in 2023, reflecting a decrease of 8.9%[88]. Segment Performance - The port and related services segment handled 42.3 million TEUs, a 7% increase year-on-year, with revenue rising to HKD 21.594 billion, up 9%[5]. - The retail division operated 16,548 stores across 28 markets as of June 2024, a 2% increase year-on-year, with total revenue of HKD 91.49 billion, up 3% from last year[6]. - The health and beauty products segment accounted for 88% of the retail division's revenue in the first half of 2024, with same-store sales growing 5% year-on-year[6]. - CK Hutchison Group Telecom reported revenue of HKD 42.93 billion, a 3% increase year-on-year, with EBITDA and EBIT rising 17% and 444% respectively[8]. - The infrastructure division reported a net profit attributable to shareholders of HKD 4.31 billion, a 2% increase year-on-year, driven by stable contributions from infrastructure assets[7]. Financial Metrics - EBITDA for the same period was HKD 63.422 billion, up from HKD 61.151 billion, reflecting a growth of 4%[2]. - EBIT increased by 5% to HKD 30,955 million for the six months ended June 30, 2024, up from HKD 29,613 million in the previous year[14]. - The total gross profit for the same period was HKD 31,245 million, reflecting a 3% increase compared to HKD 30,258 million in the previous year[30]. - The total liabilities for the company as of December 31, 2023, were HKD 423,572 million[78]. - The company reported a total of HKD 69,381 million in unamortized liabilities arising from acquisitions as of June 30, 2024, compared to HKD 58,393 million at the end of 2023, marking an increase of about 18.5%[115]. Cash Flow and Investments - Free cash flow for the first half of 2024 increased by 17% year-on-year, driven by growth in operating cash flow and prudent capital expenditure reduction[11]. - The company reported a net cash outflow from investing activities of HKD 6,921 million for the six months ended June 30, 2024, compared to HKD 6,219 million for the same period of 2023[91]. - The company incurred capital expenditures of HKD 8,935 million for the purchase of fixed assets during the six months ended June 30, 2024[91]. - The company’s net cash flow from financing activities was HKD (4,650) million, reflecting a significant decrease compared to the previous period[91]. - The total cash and cash equivalents increased to HKD 131,599 million as of June 30, 2024, up from HKD 127,323 million at the beginning of the year[91]. Market Conditions and Outlook - The geopolitical situation and global financial conditions remain uncertain, impacting consumer demand and operational performance[3]. - The company expects moderate growth in overall cargo volume in 2024, particularly in Asia, Europe, and Latin America[5]. - The company plans to continue focusing on market expansion and new product development to drive future growth[15]. - The company aims to enhance operational efficiency and explore potential mergers and acquisitions to drive future growth[79]. - The company continues to invest in 5G transformation, enhancing network efficiency and integrating sustainability goals into executive compensation plans[10]. Environmental and Sustainability Goals - The port division has implemented a mandatory electrification directive for all new equipment, aiming for a 5% reduction in emissions per TEU by May 2024[5]. - The company aims to reduce Scope 1 and 2 emissions by 50% by 2030 compared to a 2020 baseline, and Scope 3 emissions by 42% by the same year[10]. - The group aims to reduce Scope 1 and 2 emissions by 50% by 2035 and seeks to achieve net-zero greenhouse gas emissions across its value chain by 2050[12].

Summary of Conference Call Company/Industry Involved - The conference call pertains to Huazhang Securities and its research department Core Points and Arguments - The call is intended exclusively for the whitelist clients of Huazhang Securities Research Institute [1] - The content of the meeting does not constitute investment advice under any circumstances [1] - Participants are advised to make their own investment decisions and bear the associated risks [1] - Huazhang Securities disclaims any responsibility for losses incurred by individuals using the content of the meeting [1] Other Important but Possibly Overlooked Content - The call emphasizes the importance of investor suitability management in futures trading [1]

Financial Performance - The total EBITDA for 2023 reached HKD 104,880 million, with Europe contributing HKD 231,679 million, accounting for 21% of the total [12]. - The total EBIT for 2023 was HKD 58,568 million, with Europe contributing HKD 25,241 million, representing 32% of the total EBIT [14]. - Total revenue for the company reached HKD 461,558 million, a 1% increase from HKD 457,229 million in the previous year [16]. - EBITDA decreased by 10% to HKD 127,309 million, down from HKD 142,132 million year-over-year [16]. - EBIT totalled HKD 62,770 million, reflecting a 20% decline compared to HKD 78,261 million in the previous year [16]. - The company reported a net profit of HKD 30,179 million, a 31% decrease from HKD 43,683 million year-over-year [16]. - The company’s basic earnings per share fell by 36% to HKD 23,500 from HKD 36,680 in the previous year [16]. - The company reported a pre-tax profit of HKD 38,570 million, down 36% from HKD 59,863 million in the previous year [39]. - The company reported a significant increase in revenue, achieving a total of $X billion, representing a Y% growth compared to the previous year [179]. Market Segments - The retail division operates over 16,400 stores in 28 markets, making it the largest international health and beauty retailer globally [9]. - Retail segment revenue grew by 8% to HKD 183,344 million, accounting for 40% of total revenue [16]. - The telecommunications segment, CK Hutchison Group Telecom, saw a 25% drop in EBITDA to HKD 29,081 million [16]. - The infrastructure segment's revenue remained stable with a 1% increase to HKD 54,714 million [16]. - The retail division operated 16,491 stores across 28 markets by the end of December 2023, a 2% increase from last year [26]. - The health and beauty products segment accounted for 87% of the retail division's revenue, with local currency sales increasing by 12% year-on-year due to a significant 10% growth in same-store sales [26]. - The retail segment reported revenue of HKD 183,344 million, an 8% increase from HKD 169,645 million in 2022 [40]. - The total revenue for health and beauty products reached HKD 160,217 million in 2023, reflecting a 12% increase compared to HKD 142,479 million in 2022 [61]. Sustainability and Environmental Commitment - The group's commitment to environmental and social sustainability is reflected in its adoption of new technologies and solutions [7]. - The company plans to achieve a 54.6% reduction in Scope 1 and 2 emissions and a 32.5% reduction in Scope 3 emissions by 2033, with a goal of net-zero emissions by 2050 [25]. - The company strengthened its sustainability commitment by supplying over 9,000 sustainable products [20]. - CKHGT aims to reduce Scope 1 and 2 emissions by 50% and Scope 3 emissions by 42% by 2030 compared to the 2020 baseline [31]. - The infrastructure division aims to reduce Scope 1 and 2 emissions by 50.4% by 2030 compared to 2018 levels, having already achieved a reduction of approximately 167,000 tons of CO2 in 2023 [27]. Operational Highlights - The port department handled a total throughput of 82.1 million TEUs in 2023, with operations in 53 ports across 24 countries [8]. - The port and related services department handled 82.1 million TEUs in 2023, a 3% decrease from 2022, but showed a 9% growth in the second half compared to the first half of 2023 [24]. - The company introduced 100 autonomous electric trailers at its UK port to enhance efficiency and operational consistency [42]. - The company opened its 1,000th Watsons store in Manila, increasing the total number of stores across Asia, Europe, and the Middle East to over 8,000 [20]. - The company plans to continue expanding its retail presence, with Watsons operating over 4,700 stores across multiple countries [56]. Financial Position and Debt Management - The net debt to total equity ratio stood at 16.2% for 2023, slightly up from 16.1% in 2022 [18]. - The group has a total net debt of HKD 131.81 billion, with 46% and 3% of the debt denominated in Euro and GBP, respectively [125]. - The group maintained a strong financial position with cash and cash equivalents accounting for 89% of current assets as of December 31, 2023 [129]. - The weighted average cost of debt increased to 3.2% in 2023 from 2.0% in 2022 [132]. - The group has sufficient cash and liquid investments to cover all debts maturing before December 31, 2026, and 55% of debts maturing in 2027 [136]. Strategic Initiatives and Future Outlook - The company is optimistic about demand growth in 2024, particularly in regions like India, the Middle East, Africa, and South America [25]. - The company plans to expand its market presence and invest in new technologies to drive future growth [90]. - The company is committed to sustainability initiatives, allocating $J million towards eco-friendly practices, aiming for a K% reduction in carbon footprint [187]. - The overall market outlook remains positive, with analysts projecting a growth rate of L% for the industry in the coming year [188]. - The company is actively involved in various committees, including remuneration and governance, to ensure compliance and strategic direction [186]. Governance and Leadership - The company reported a significant leadership transition, with Li Ka-shing appointed as Chairman and Executive Director effective April 1, 2024 [165]. - The company has a strong governance structure, with multiple directors holding key positions across various subsidiaries and affiliated companies, enhancing oversight and strategic direction [166]. - The management team collectively possesses over 40 years of experience in various industries, contributing to robust operational and financial management capabilities [168]. - The board includes members with extensive academic qualifications and professional certifications, reinforcing the company's commitment to high standards of governance and expertise [169]. - The company continues to expand its board with new appointments, enhancing governance and oversight [186].

Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 461,558 million, a 1% increase from HKD 457,229 million in 2022[2]. - EBITDA for the same period decreased to HKD 127,309 million from HKD 142,132 million, representing a decline of 10.4%[2]. - Reported profit attributable to shareholders was HKD 23,500 million, down 9% from HKD 25,741 million in 2022, with earnings per share decreasing from HKD 6.72 to HKD 6.14[2][6]. - The company did not record any one-off gains in 2023, contrasting with a significant one-off gain in 2022, which impacted the year-on-year profit comparison[5]. - The cash flow from operations decreased by less than 5%, while free cash flow increased by 12% year-on-year[5]. - The total revenue for 2023 reached HKD 461,558 million, a 1% increase from HKD 457,229 million in 2022[36]. - Net profit attributable to ordinary shareholders fell by 36% to HKD 23,500 million compared to HKD 36,680 million in 2022[36]. - The company reported a significant decline in EBIT for CK Hutchison Group Telecom, dropping 82% to HKD 2,265 million[38]. - The company reported a pre-tax profit of HKD 33,212 million for 2023, down from HKD 51,933 million in 2022, a decrease of about 36.2%[134]. Segment Performance - The port and related services segment handled 82.1 million TEUs, a 3% decrease from 2022, but showed a 9% increase in the second half of 2023 compared to the first half[9]. - The total revenue for the port services segment was HKD 40,851 million, down 7% from the previous year, with EBITDA and EBIT decreasing by 14% and 18%, respectively[9]. - For the retail sector, total revenue reached HKD 183.34 billion, with EBITDA and EBIT increasing by 13% and 17% year-on-year, respectively[12]. - The health and beauty products segment accounted for 87% of retail revenue, with local currency sales growing by 12% and EBITDA and EBIT increasing by 15% and 18% respectively[13]. - CK Hutchison Group Telecom reported revenue of HKD 86.81 billion, a 4% increase year-on-year, while EBITDA and EBIT decreased by 31% and 82% respectively due to the impact of one-time gains in 2022[20]. - The infrastructure sector recorded a net profit attributable to shareholders of HKD 8.027 billion, with a 12% year-on-year increase when excluding one-time gains from 2022[17]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 1.775 per share, a decrease of 14.9% from HKD 2.086 in 2022, leading to a total annual dividend of HKD 2.531, down 13.5%[7]. - The company paid dividends of HKD 2,896 million for 2023, compared to HKD 3,221 million for 2022, reflecting a decrease of about 10.1%[73]. Environmental and Sustainability Initiatives - The retail sector aims to reduce Scope 1 and 2 emissions by 50.4% by 2030 compared to 2018 levels, with a 26% reduction achieved in 2023[14]. - The company aims to achieve net-zero emissions by 2050, with a focus on electrification and clean energy for new investments[10]. - In 2023, the company reduced Scope 1 and 2 emissions by approximately 740,000 tons of CO2, achieving 18% of its established reduction target[18]. - The company aims to reduce Scope 1 and 2 emissions by 50% by 2030 compared to a 2020 baseline, achieving an 80% reduction in 2023[22]. - The group is committed to sustainable investments, including low-carbon technologies and 5G transformation initiatives[31]. Cash Flow and Financial Position - Total cash and cash equivalents amounted to HKD 143.19 billion, with total debt at HKD 274.99 billion, resulting in a net debt to total equity ratio of 16.1%[28]. - The company reported a net cash outflow from investment activities of HKD 17,430 million in 2023, compared to HKD 4,513 million in 2022, indicating a significant increase in cash used for investments[139]. - The company incurred a cash outflow of HKD 46,784 million for financing activities in 2023, compared to HKD 67,406 million in 2022, a decrease of 30.6%[139]. - The company’s operating cash flow before interest and tax was HKD 9,669 million, compared to HKD 73,897 million in the previous year[76]. Impairments and Asset Valuation - The company recognized a non-cash impairment of HKD 110,390 million related to its Italian telecom business[39]. - The impairment loss related to Wind Tre was HKD 11,039 million, impacting the overall EBIT and EBITDA figures[128]. - The company conducted impairment assessments for associates and joint ventures when there were indications of impairment, which involved significant judgment to estimate the recoverable value of investments[49]. Auditor and Compliance - The auditor's report concluded that there were no significant uncertainties regarding the company's ability to continue as a going concern[61]. - The auditor identified and assessed risks of material misstatement due to fraud or error and designed audit procedures to address these risks[57]. - The company is responsible for preparing financial statements that are true and fair, and for internal controls to prevent material misstatements due to fraud or error[54]. Capital Expenditures and Investments - Capital expenditures for 2023 totaled HKD 25,301 million, compared to HKD 25,852 million in 2022, indicating a decrease of about 2.1%[107]. - The company made capital expenditures of HKD 21,670 million in 2023, down from HKD 23,885 million in 2022, a reduction of 9.2%[139]. Joint Ventures and Partnerships - The total revenue from joint ventures for 2023 is HKD 304,130 million, down from HKD 403,798 million in 2022, representing a decline of about 24.7%[190]. - The EBITDA from joint ventures for 2023 is HKD 60,278 million, a decrease from HKD 84,536 million in 2022, reflecting a decline of approximately 28.7%[190]. - The group received dividends from joint ventures amounting to HKD 964 million in 2023, compared to HKD 866 million in 2022, showing an increase of 11.3%[190].

Revenue Performance - Total revenue for the first half of 2023 was HKD 223,867 million, a decrease of 3% compared to HKD 229,616 million in the same period of 2022[9]. - Retail segment revenue increased by 4% to HKD 88,619 million, up from HKD 84,905 million year-on-year[9]. - The telecommunications segment reported revenue of HKD 41,761 million, a slight decrease from HKD 41,817 million, maintaining a stable market presence[9]. - The infrastructure segment's revenue remained stable at HKD 27,540 million, consistent with the previous year's performance[9]. - Port and related services revenue decreased by 12% to HKD 19,863 million, accounting for 9% of total revenue[13]. - The retail segment's total revenue for the first half of 2023 was HKD 88.619 billion, representing a 4% increase year-on-year, driven by strong performance in Europe and Asia[19]. - The financial and investment segment generated revenue of HKD 40,309 million, representing 18% of total revenue, compared to HKD 46,804 million in the previous year[138]. - Revenue from the retail segment was HKD 65,165 million, with a minor increase from HKD 65,136 million[124]. Profitability Metrics - EBITDA for the first half of 2023 was HKD 61,151 million, down 13% from HKD 70,525 million in the previous year[9]. - EBIT decreased by 21% to HKD 29,613 million, compared to HKD 37,648 million in the same period last year[9]. - Profit attributable to ordinary shareholders was HKD 11,208 million, a decline of 41% from HKD 19,088 million in the prior year[9]. - Reported profit for the six months was HKD 11,009 million, a decline of 38% from HKD 17,740 million in the previous year[14]. - The company reported a significant drop in EBITDA from the telecommunications segment, which fell by 16% to HKD 13,357 million from HKD 15,947 million[9]. - The company’s EBIT for the six months ended June 30, 2023, was HKD 12,181 million, a decrease from HKD 15,857 million in the same period of 2022, representing a 23% decline[141]. Operational Efficiency - The retail segment's EBITDA increased by 9% to HKD 11,771 million, reflecting strong consumer demand and operational efficiency improvements[9]. - EBITDA margin for the retail segment improved to 14% from 10% year-on-year, reflecting a 17% increase in EBITDA to HKD 7,056 million[14]. - The company anticipates continued challenges in the market, particularly in the telecommunications sector, impacting future earnings guidance[9]. - The company aims to reduce Scope 1 and 2 emissions by 46.2% by 2032 compared to the 2021 baseline as part of its new decarbonization strategy[18]. Market Outlook - Future outlook remains cautious due to market conditions, with a focus on operational efficiency and cost management strategies[13]. - The company expects a moderate recovery in freight volumes in the fourth quarter of 2023 as inventory backlogs decrease, despite ongoing challenges in the logistics sector[18]. - The group anticipates ongoing economic challenges, including persistent inflation and a tightening credit environment, which may affect consumer and business confidence[30]. Debt and Financial Management - Interest expenses increased by 24% to HKD (9,757) million, compared to HKD (7,872) million in the prior period[14]. - The group's total cash and liquid investments amounted to HKD 146.73 billion, while total bank and other debts reached HKD 285.92 billion, resulting in a net debt of HKD 139.19 billion, up from HKD 133.19 billion at the end of 2022[28]. - The net debt to total net capital ratio increased to 17.0% from 16.7% at the end of 2022[28]. - The weighted average cost of debt for the group was 2.9% as of June 30, 2023, compared to 1.8% in the previous year[65]. - The company continues to focus on financial risk management to mitigate the impact of interest rate and exchange rate fluctuations on its overall financial position[66]. Shareholder Information - The company declared an interim dividend of HKD 0.756 per share, a decrease of 10% from HKD 0.840 per share in the previous year[14]. - The company reported a total of 1,162,632,010 shares held by Li Ka-Shing as a trust beneficiary, representing approximately 30.4390% of the total shares[90]. - The company emphasizes effective corporate governance as a fundamental element to enhance shareholder value and protect the interests of stakeholders[105]. - The company maintains a high level of corporate governance standards, including effective risk management and internal control systems[105]. Sustainability Initiatives - The infrastructure division aims to reduce emissions by 50% by 2035 compared to 2020 levels and achieve net-zero emissions by 2050[22]. - The group has launched a device recycling program in Ireland, allowing the public to return electronic devices for recycling rewards[29]. - The company has established trusts that hold significant shares, indicating a structured approach to share ownership and control[92]. Customer Metrics - The total number of active customers for the European 3 Group reached 39.9 million, a 2% increase year-on-year, driven by a 7% increase in the UK customer base[24]. - The active customer base for Hutchison Asia Telecom increased by 6% year-on-year, totaling approximately 122.5 million as of June 30, 2023[26]. - The number of loyalty members in the health and beauty segment increased to 150 million, with a sales participation rate of 64%[37].

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本文件全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承 擔任何責任。 截至 2023 年 6 月 30 日止六個月之未經審核業績 摘要 IFRS 16後 (1) 基準 截至6月30日止六個月 2023年 2022年 2023年 2022年 變動 港幣 港幣 每股 每股 百萬元 百萬元 港幣 港幣 收益總額 (2) 223,867 229,616 EBITDA總額 (2) 61,151 70,525 EBIT總額 (2) 29,613 37,648 呈報盈利 (3) 11,208 19,088 2.93 4.98 -41% - 基本 11,208 12,843 - 一次性項目 (4) - 6,245 每股中期股息 0.756 0.840 -10% IFRS 16前 (1) 基準 呈報 基本 (4) 以呈報貨幣 以當地貨幣 截至6月30日止六個月 2023年 2022年 2023年 2022年 計算之變動 計算之變動 港幣 港幣 港幣 港幣 百萬元 百萬元 百萬元 百萬元 收 ...

Financial Performance - The total EBITDA for 2022 was reported at HKD 119,010 million, with a basic benchmark of HKD 106,207 million[14]. - The total EBIT for 2022 was reported at HKD 72,864 million, with a basic benchmark of HKD 60,061 million[15]. - Total revenue for 2022 was HKD 457,229 million, representing a 3% increase from HKD 445,383 million in 2021[16]. - EBITDA for 2022 reached HKD 142,132 million, reflecting a 5% growth compared to HKD 135,653 million in 2021[39]. - EBIT totaled HKD 78,261 million in 2022, marking a 14% increase from HKD 68,818 million in the previous year[39]. - The group's net profit attributable to shareholders for 2022 was HKD 9.7 billion, including one-time gains from the sale of UK tower assets and Indonesian telecom business, offset by non-cash goodwill impairment of HKD 12 billion[23]. - The company's profit attributable to ordinary shareholders increased to HKD 36,680 million in 2022, up from HKD 33,484 million in 2021, representing an increase of 6.5%[18]. - Earnings per share (EPS) rose to HKD 9.57 in 2022, compared to HKD 8.70 in 2021, reflecting a growth of 10%[18]. - The group's EBITDA for the year was HKD 119.01 billion, compared to HKD 111.23 billion for the previous year, resulting in an interest coverage ratio of 64.5 times, up from 31.9 times[141]. Revenue Breakdown - Revenue from Europe amounted to HKD 214,888 million, while revenue from Asia, Australia, and others was HKD 74,434 million[13]. - Retail segment revenue decreased by 2% to HKD 169,645 million, down from HKD 173,601 million in the previous year[16]. - The financial and investment segment saw a revenue increase of 31% to HKD 94,085 million from HKD 72,036 million in the previous year[16]. - CK Hutchison Group Telecom revenue decreased by 10% to HKD 83,289 million, down from HKD 92,575 million in 2021[16]. - The infrastructure segment reported a revenue decline of 3% to HKD 54,441 million from HKD 56,100 million in the previous year[16]. - The retail segment generated revenue of HKD 169,645 million, down 2% from HKD 173,601 million in 2021[39]. - The port segment reported total revenue of HKD 44.14 billion, with EBITDA of HKD 15.8 billion and EBIT of HKD 11.43 billion, reflecting increases of 4%, 4%, and 6% respectively in reported currency[26]. Operational Highlights - The port division handled a total throughput of 84.8 million TEUs (twenty-foot equivalent units) in 2022, with interests in 293 operational berths across 51 ports in 25 countries[9]. - The retail division operates over 16,100 stores in 28 markets, making it the largest international health and beauty retailer globally[10]. - The telecommunications division is a pioneer in mobile data communication technology and a leading operator in integrated telecommunications and digital services[12]. - The company is involved in the manufacturing and distribution of bottled water and beverages in Hong Kong and mainland China[10]. - The company processed 84.8 million twenty-foot equivalent units (TEUs) in 2022, maintaining a strong position in six of the world's ten busiest container ports[43]. - The company plans to invest in new world-class container terminals in Egypt to enhance capacity and support future growth[26]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[12]. Strategic Initiatives - The company is actively pursuing strategic acquisitions to bolster its infrastructure and telecommunications capabilities[11]. - The company plans to expand its presence in the Middle East by opening 12 new stores in Saudi Arabia, Qatar, and the UAE[20]. - The company has received approval for the commercial listing of its products in Macau, enhancing its market reach[20]. - The company is collaborating with Cellnex to develop a new AI tumor vaccine research platform, aiming to enhance vaccine exploration and design capabilities[21]. - The company announced a collaboration with Terminal Investment Limited Sàrl to develop a new container terminal in Europahaven, Netherlands[41]. - The company is collaborating with HaloSep AB to assess the feasibility of hazardous gas purification in Rotterdam, Netherlands[75]. Market Challenges - The telecommunications business is expected to recover in 2023 as COVID-19 restrictions are lifted and borders reopen, increasing foot traffic[22]. - External factors such as inflation, energy prices, and geopolitical risks are expected to create uncertainty for the group's business in 2023[36]. - The ongoing COVID-19 pandemic remains a significant uncertainty, potentially affecting the group's operations, particularly in port and retail services[147]. - The group faces significant risks due to the ongoing COVID-19 pandemic, which may lead to reduced business operations and cash flow, impacting financial performance[148]. - The group cannot guarantee that new investments will further increase customer numbers and operational gross profit, which may adversely affect its financial condition and operational performance[156]. Governance and Management - The company has appointed several experienced directors, including Ye Dequan, who has been with the company since December 2014, and has extensive experience in various subsidiaries[174]. - The company reported a significant management team with over 35 years of experience in different industries, including finance and operations[176]. - The board includes independent directors with legal and corporate governance expertise, enhancing the company's compliance and regulatory framework[177]. - The company has a robust governance structure, with independent directors overseeing various subsidiaries and ensuring accountability[178]. - The company emphasizes the importance of legal and regulatory compliance, as evidenced by the qualifications of its directors in law and corporate governance[181]. Shareholding Structure - Li Ka-Shing holds a total of 1,161,272,710 shares, representing approximately 30.43% of the company's total issued shares as of December 31, 2022[193]. - The company has a total of 3,830,044,500 issued shares, which is the basis for calculating the percentage of shareholdings[194]. - The shareholding of Ho Kwan Ning is 6,011,438 shares, accounting for 0.16% of the total issued shares[192]. - The shareholding of Mak Lee Sze is 833,868 shares, which is approximately 0.02% of the total issued shares[192]. - The shareholding of Fok Yat Choi is 7,380,860 shares, representing about 0.19% of the total issued shares[192]. - The company has a diverse range of shareholders, including family and trust entities, indicating a complex ownership structure[193].

Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 457,229 million, an increase from HKD 445,383 million in 2021, representing a growth of approximately 2%[2] - EBITDA for the same period was HKD 142,132 million, up from HKD 135,653 million in 2021, reflecting a growth of about 5%[2] - Reported profit attributable to shareholders was HKD 36,680 million, compared to HKD 33,484 million in 2021, marking a 10% increase[2] - Basic earnings per share for 2022 was HKD 9.57, an increase of 10% from HKD 8.70 in 2021[5] - The group reported a net profit of HKD 34,869 million for 2022, compared to HKD 33,500 million in 2021[60] - The company reported a significant increase in deferred tax expenses, which rose by 243% to HKD 6,670 million[19] - The total tax expense for 2022 was HKD 8,274 million, significantly higher than HKD 2,230 million in 2021[100] Dividends - The board proposed a final dividend of HKD 2.086 per share, up 12% from HKD 1.860 in the previous year, leading to a total annual dividend of HKD 2.926 per share, a 10% increase from HKD 2.660 in 2021[2][6] - The company made a cash payment of HKD 10,353 million in dividends to ordinary shareholders in 2022, compared to HKD 9,627 million in 2021, reflecting an increase of about 7.5%[87] Segment Performance - The retail department operated 16,142 stores across 28 markets at the end of 2022, a 2% decrease from the previous year, with total revenue of HKD 169.64 billion, EBITDA of HKD 14.39 billion, and EBIT of HKD 11.04 billion, reflecting decreases of 2%, 11%, and 11% respectively in reported currency[8] - CK Hutchison Group Telecom reported revenue of HKD 83.29 billion, a 10% decrease from 2021, with EBITDA of HKD 32.19 billion and EBIT of HKD 12.83 billion, reflecting decreases of 25% and 45% respectively in reported currency[11] - The infrastructure department's contribution showed a 3% increase in net profit attributable to shareholders, amounting to HKD 7.748 billion, despite rising financial costs due to interest rate increases[10] - The telecommunications segment in Europe generated HKD 23,864 million, down 20% from HKD 29,892 million in 2021[60] Asset and Liability Management - Total assets decreased from HKD 1,032,113 million in 2021 to HKD 971,922 million in 2022, representing a decline of approximately 5.9%[33] - The company's total liabilities decreased to HKD 272,302 million from HKD 320,903 million in 2021, reflecting a decline of approximately 15.1%[86] - The net debt to total capital ratio improved to 16.7% from 20.3% year-over-year, reflecting a stronger financial position[15] Impairments and Gains - The company recorded a net gain of HKD 9,700 million from one-off items, including HKD 15,800 million from the sale of UK tower assets and HKD 6,100 million from the merger with Indonesian telecommunications, offset by HKD 12,000 million in non-cash goodwill impairment[4] - The company recognized a loss of $2,061 million from the translation of foreign subsidiaries, compared to a loss of $10,567 million in 2021, reflecting an improvement[32] - The company reported a significant impairment of goodwill related to Wind Tre amounting to HKD 11,039 million[72] Future Outlook - The company anticipates recovery in its mainland retail operations in 2023 following the easing of COVID-19 restrictions and border reopening[3] - The group anticipates challenges in 2023 due to external factors such as potential inflation and geopolitical risks[17] - The company plans to focus on market expansion and new product development in the upcoming fiscal year[19] Operational Efficiency - The company aims to enhance operational efficiency and explore potential mergers and acquisitions to drive growth[60] - The company continues to focus on expanding its telecommunications operations in Asia, particularly through mergers and acquisitions[79] Director Remuneration - The total director remuneration for 2022 was HKD 537 million, an increase from HKD 500 million in 2021, representing a growth of 7.4%[89] - The total remuneration for the directors from the company and its subsidiaries was HKD 537.01 million for 2022, with a breakdown of HKD 5.35 million in basic salary, HKD 46.86 million in allowances, and HKD 482.13 million in benefits[90]

長江和記實業有限公司 CK HUTCHISON HOLDINGS LIMITED (於関曼群島註冊成立之有限公司) 股份代號: 1 2022 年 中 期 報 告 長江和記實業有限公司 2022年中期報告 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 公司資料 | | 董事會 | 資深顧問 | | 執行董事 | 李嘉誠 GBM, KBE, LLD (Hon), DSSc (Hon) | | 李澤鉅 BSc, MSc, LLD ( ...