电能实业(00006) - 2023 - 年度业绩

Financial Performance - The group reported a net profit attributable to shareholders of HKD 6.03 billion for 2023, representing a 6% increase from HKD 5.64 billion in 2022[2]. - The company’s profit attributable to shareholders for the year ended December 31, 2023, was HKD 6,003 million, an increase of 6.2% from HKD 5,649 million in 2022[21]. - Total comprehensive income attributable to shareholders for the year was HKD 7,904 million, up 27% from HKD 6,230 million in the previous year[21]. - The pre-tax profit for 2023 was 6,252 million, up from 5,838 million in 2022, representing an increase of approximately 7.1%[28]. - The operating profit for the group was HKD 1,131 million in 2023, slightly down from HKD 1,164 million in 2022, indicating a decrease of about 2.8%[19]. - The reported segment revenue for the year ended December 31, 2023, was 1,292 million, compared to 1,265 million in 2022, reflecting a growth of approximately 2.1%[26]. Dividends - The proposed final dividend is HKD 2.04 per share, maintaining the same level as 2022, resulting in a total annual dividend of HKD 2.82 per share[3]. - The mid-term dividend declared per ordinary share remained stable at HKD 0.78 in both 2023 and 2022, with total mid-term dividends of HKD 1,662 million in 2023 compared to HKD 1,665 million in 2022[33]. - The proposed final dividend per ordinary share is HKD 2.04 for 2023, slightly up from HKD 2.04 in 2022, with total proposed final dividends of HKD 4,348 million in 2023 compared to HKD 4,347 million in 2022[33]. Operational Highlights - The UK operations contributed HKD 2.808 billion in profit, up from HKD 2.517 billion in 2022, demonstrating resilience despite inflationary pressures[4]. - The Australian operations generated a profit of HKD 1.265 billion, down from HKD 1.342 billion in 2022, with stable performance despite a weak AUD[5]. - The Victoria Power Networks launched a new technology to address bushfire risks, enhancing grid reliability across over 17,000 kilometers of cables[6]. - The group is actively investing in smart grid technology across global markets, enhancing energy efficiency and grid stability[10]. - The group is exploring environmentally friendly fuels, such as hydrogen and biofuels, with pilot programs supported by local governments in the UK and Australia[10]. - The group aims to integrate sustainable development goals into its business strategy, collaborating with various stakeholders to promote green energy alternatives[10]. Financial Position - The net cash position of the group as of December 31, 2023, was HKD 1,140 million, a decrease from HKD 2,658 million in 2022, showing a decline of about 57.3%[14]. - The group maintained a strong financial foundation, with a credit rating of A from Standard & Poor's, reaffirmed in February 2023[15]. - The group’s total liabilities from bank loans amounted to HKD 3,097 million as of December 31, 2023, down from HKD 3,236 million in 2022, indicating a reduction of approximately 4.3%[15]. - The company reported a net current asset position of HKD 1,110 million in 2023, down from HKD 2,842 million in 2022, a decrease of 60.9%[22]. - The company's cash and cash equivalents decreased to HKD 4,201 million in 2023 from HKD 5,894 million in 2022, a decline of 28.7%[22]. - The total liabilities decreased to HKD 3,701 million in 2023 from HKD 3,632 million in 2022, showing a slight increase of 1.9%[22]. Investments and Future Plans - The group plans to invest HKD 22 billion in the 2024-2028 development plan to further strengthen its decarbonization strategy[8]. - The Hong Kong business completed a development plan with a total investment of HKD 26.6 billion, including the construction of three gas-fired generating units[8]. - The group aims to achieve net-zero carbon emissions by 2050 across all operating companies in OECD member countries[9]. Governance and Compliance - The company maintained compliance with the corporate governance code throughout the year ending December 31, 2023, ensuring transparency and accountability[35]. - The company has not repurchased, sold, or redeemed any of its listed securities during the year[35]. - The board of directors consists of six executive directors, two non-executive directors, and five independent non-executive directors, ensuring a diverse governance structure[38]. - The annual general meeting is scheduled for May 22, 2024, to discuss shareholder matters[37]. Joint Ventures and Associates - The group’s share of results from joint ventures increased significantly to HKD 3,582 million in 2023, up from HKD 2,994 million in 2022, representing a growth of approximately 19.6%[19]. - The equity in joint ventures increased to HKD 61,669 million in 2023 from HKD 57,331 million in 2022, reflecting a growth of 7.5%[22]. - The equity in associates rose slightly to HKD 27,028 million in 2023 compared to HKD 27,305 million in 2022, indicating a decrease of 1%[22]. - The net asset value of non-listed joint ventures increased to HKD 52,079 million in 2023 from HKD 45,759 million in 2022, representing a growth of 14.4%[31]. - The total assets attributable to non-listed joint ventures rose to HKD 146,620 million in 2023, up from HKD 132,482 million in 2022, marking an increase of 10.7%[31].