OOIL(00316)2024-03-21 10:33Financial Performance - The total revenue for the year ended December 31, 2023, was 19,820.188 million in 2022[2] - The operating profit for 2023 was 10,079.101 million in the previous year[2] - The net profit for the year was 9,966.238 million in 2022[2] - Basic and diluted earnings per share for 2023 were 15.09 in 2022[2] - Total comprehensive income for the year was (1,350,189) in 2023[6] - The group reported a net profit of 9,966,238 thousand in 2022[13] - Operating profit for 2023 was 9,965,245 in 2022, indicating a decrease of about 86%[25] - The company recorded a profit attributable to shareholders of 9.965 billion in 2022[35] Assets and Liabilities - Total assets as of December 31, 2023, amounted to 20,035.161 million in 2022, representing a decrease of 22.0%[4] - The company reported a total equity of 13,438.898 million in the previous year, reflecting a decrease of 16.5%[4] - The group’s total liabilities for the container transportation and logistics segment were (6,596,263) thousand in 2022, a decrease of about 33.9%[17] - As of December 31, 2023, the company held cash and bank balances totaling 1.438 billion, resulting in a net cash to equity ratio of 0.47:1[41] Cash Flow and Investments - Operating cash flow for 2023 was 11,253,014 in 2022[5] - Cash used in investing activities totaled 1,420,073 in 2022[5] - Financing activities resulted in a net cash outflow of (7,115,228) in 2022[5] - Cash and cash equivalents at the end of 2023 were 9,463,902 at the end of 2022[5] - The company recognized a decrease in the fair value of investments, with a loss of (3,579,223) to shareholders in 2023, compared to 0.145 per ordinary share for the fiscal year 2023, compared to 0.145 per share and a second special dividend of 8,319,049 thousand of the total revenue in 2023, down from $19,796,285 thousand in 2022, reflecting a decline of about 58.0%[12] - The logistics segment achieved double-digit revenue growth in dry cargo and cold chain transportation despite overall market pressures in 2023[37] - The company received seven new container ships with a capacity of 24,188 TEUs, enhancing operational efficiency and modernizing the fleet[36] - The electronic bill of lading system launched by the company's subsidiary processed over 100,000 transactions by early December 2023[37] Strategic Focus and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming year[1] - The company anticipates that high inflation and interest rates will negatively impact U.S. economic growth and demand in the near term[30] - The company continues to focus on digital transformation, utilizing big data and AI to enhance customer service and supply chain management[37] Governance and Compliance - The company’s governance practices comply with the Hong Kong Stock Exchange's corporate governance code, ensuring transparency and accountability[45] - The financial statements for the year ending December 31, 2023, have been reviewed by the audit committee along with external and internal auditors[46] - The board of directors includes executive directors Wan Min, Chen Yangfan, and Yang Zhijian; non-executive directors Dong Lijun, Gu Jinshan, Wang Dan, and Ye Chengzhi; and independent non-executive directors Zou Yaohua, Zhong Ruiming, Yang Liangyi, Chen Ying, and Su Jinliang[49] Risks and Forward-Looking Statements - The announcement contains forward-looking statements based on current plans, estimates, and forecasts, which should not be overly relied upon[50] - The company does not assume responsibility to update forward-looking statements in light of new information or future events[50] - Potential risks and uncertainties may lead to significant differences between actual performance and forward-looking statements[50]