香港生力啤二零二三年年报

Stock Code00236 San Miguel Brewery Hong Kong Ltd.Annual Report 2023 CORPORATE INFORMATION BOARD OF DIRECTORS CHAIRMANRamon S. Ang(Non-executive Director) DEPUTY CHAIRMANCarlos Antonio M. Berba(Non-executive Director) EXECUTIVE DIRECTORS Raymundo Y. Albano (resigned effective 8 March 2024)Chan Weng Kheong (appointed effective 8 March 2024) NON-EXECUTIVE DIRECTORS May (Michelle) W.M. ChanRoberto N. Huang (passed away on 4 November 2023)Yoshinori Inazumi (appointed effective 24 April 2023)Fumiaki OzawaKenji Uchiyama (resigned effective 24 April 2023)Tomoki Yamauchi (resigned effective 24 April 2023)Yoshinori Tsuchiya (appointed on 24 April 2023) 徳 INDEPENDENT NON-EXECUTIVE DIRECTORS Alonzo Q. AnchetaThelmo Luis O. Cunanan Jr.David K.P. Li,GBM, JPReynato S. PunoSum Li, Alternate to David K.P. Li,GBM, JP Alonzo Q. AnchetaThelmo Luis O. Cunanan Jr.GBM, JPReynato S. PunoGBM, JP AUDIT COMMITTEE David K.P. Li,GBM, JP,ChairmanAlonzo Q. AnchetaThelmo Luis O. Cunanan Jr. GBM, JPAlonzo Q. AnchetaThelmo Luis O. Cunanan Jr. REMUNERATION COMMITTEE Reynato S. Puno,ChairmanCarlos Antonio M. BerbaThelmo Luis O. Cunanan Jr.David K.P. Li,GBM, JP Reynato S. PunoThelmo Luis O. Cunanan Jr.GBM, JP NOMINATION COMMITTEE Alonzo Q. AnchetaThelmo Luis O. Cunanan Jr.GBM, JPReynato S. Puno徳 Alonzo Q. Ancheta,ChairmanThelmo Luis O. Cunanan Jr.David K.P. Li,GBM, JPReynato S. PunoYoshinori Tsuchiya COMPANY SECRETARY Lo Chi Yip CORPORATE INFORMATION AUDITOR KPMGPublic Interest Entity Auditorregistered in accordance with theAccounting and Financial Reporting Council Ordinance Certified Public Accountants8th Floor, Prince’s Building10 Chater RoadCentralHong Kong SOLICITORS Gallant, Solicitors & Notaries5th Floor, Jardine House,1 Connaught Place,Hong Kong REGISTERED OFFICE 9th FloorCitimark Building28 Yuen Shun CircuitSiu Lek YuenShatin, New TerritoriesHong Kong SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong PRINCIPAL BANKERS Agricultural Bank of China LimitedAustralia and New Zealand Banking Group LimitedBank of China (Hong Kong) LimitedBank of China LimitedChina Construction Bank (Asia) Corporation LimitedGuangdong Shunde Rural Commercial Bank Company LimitedIndustrial and Commercial Bank of China (Asia) LimitedThe Bank of East Asia (China) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited San Miguel BreweryHong Kong Limited andits subsidiaries registereda consolidated profit ofHK$89.6 million in 2023. THE YEAR’S HIGHLIGHTS CHAIRMAN’S STATEMENT Ramon S. Ang啓Chairman To our shareholders, FINANCIAL RESULTS San Miguel Brewery Hong Kong Limited (the “Company”) and its subsidiaries(the “Group”) registered a consolidated profit of HK$89.6 million in 2023 (2022:HK$33.1 million). Net profit attributable to equity shareholders for 2023 wasHK$85.9 million (2022: HK$32.3 million). 8,9603,3108,5903,230 The increase in profit was due to the significant improvement in the operatingresults of both its Hong Kong and South China Operations. In addition, thisyear’s results included a tax credit amounting to HK$26.7 million, arising fromthe recognition of a deferred tax asset for the carryforward of unused taxlosses and unused tax credits, given the profit-making position of the Group’sHong Kong and South China operations. 2,670 The Group’s consolidated revenue was HK$741.6 million, 8.9% higher than2022. Gross profit was at HK$285.4 million, 15.5% higher than the HK$247.1million in 2022, with a gross profit margin of 38.5%. 7.428.9%2.852.4715.5%38.5% As of 31 December 2023, cash and cash equivalents and bank depositsamounted to HK$180.0 million (HK$114.0 million as of 31 December 2022). 1.801.14 Loan as of 31 December 2023 was at HK$3.6 million (HK$3.6 million as of 31December 2022). Total net assets stood at HK$672.5 million (HK$589.7 millionas of 31 December 2022), with a loan-to-equity ratio of 0.01 (31 December2022: 0.01). 3603606.735.900.010.01 CHAIRMAN’S STATEMENT DIVIDENDS On 29 February 2024, the Board of Directors approved the proposal to declarea final dividend of HK$0.05 per share for the year ended 31 December 2023to shareholders of record as of 2 May 2024. The proposal is further subject tothe approval of the shareholders at the forthcoming annual general meeting. 0.05 BUSINESS REVIEW HONG KONG OPERATIONS In 2023, Hong Kong’s economy grew by 3.2%. This was a softer recoverythan initially forecasted by the government, following a contraction in 2022.The improvement was fueled mainly by increased tourism and consumerspending. However, despite the increase, inbound tourism was still far below2018 levels. By comparison, more outbound tourism was observed, with morelocals visiting the Mainland on weekends and holidays. Growth was furthertempered by geopolitical tensions and high local interest rates following ratehikes implemented by major central banks acr