香港生力啤二零二四年年报

Stock Code00236 San Miguel Brewery Hong Kong Ltd.Annual Report 2024 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 Aurora T. Calderon徳 Aurora T. Calderon (appointed effective 24 February 2025) May (Michelle) W. M. ChanYoshinori InazumiKatsuhisa Nose (appointed effective 22 April 2024)Fumiaki OzawaYoshinori Tsuchiya (resigned effective 22 April 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Alonzo Q. AnchetaThelmo Luis O. CunananDavid K.P. Li,GBM, JPReynato S. PunoSum Li, Alternate to David K.P. Li,GBM, JP Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. PunoGBM, JP AUDIT COMMITTEE David K.P. Li,GBM, JP,ChairmanAlonzo Q. AnchetaThelmo Luis O. Cunanan GBM, JPAlonzo Q. AnchetaThelmo Luis O. Cunanan REMUNERATION COMMITTEE Reynato S. PunoAurora T. CalderonThelmo Luis O. CunananGBM, JP Reynato S. Puno,ChairmanCarlos Antonio M. BerbaAurora T. Calderon (appointed effective 24 February 2025) Thelmo Luis O. CunananDavid K.P. Li,GBM, JP NOMINATION COMMITTEE Alonzo Q. Ancheta,ChairmanThelmo Luis O. CunananDavid K.P. Li,GBM, JPFumiaki Ozawa (appointed effective 22 April 2024)Reynato S. PunoYoshinori Tsuchiya (resigned effective 22 April 2024) Alonzo Q. AnchetaThelmo Luis O. CunananGBM, JPReynato S. Puno徳 COMPANY SECRETARY Lo Chi Yip 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) LimitedStandard Chartered Bank (Hong Kong) LimitedThe Bank of East Asia (China) LimitedThe Bank of East Asia, LimitedThe Hongkong and Shanghai Banking Corporation Limited We launched the newcampaign, “So HongKong So San Miguel”,through a new TVC. Amarket-wide promotion,an above-the-linecampaign, and thelaunch of limited editioncans followed this. THE YEAR’S HIGHLIGHTS CHAIRMAN’S STATEMENT To our shareholders, FINANCIAL RESULTS For 2024, San Miguel Brewery Hong Kong Limited (the “Company”) and itssubsidiaries (the “Group”) reported consolidated revenue is HK$711.2 million,4.1% lower than in 2023. Consequently, gross profit was at HK$266.1 million,6.8% lower than the HK$285.4 million in 2023, mainly due to lower exportvolume and lower export margins from South China Operations. 7.114.1%2.662.856.8% As a result of the year-on-year decline in industry volumes which affectedthe Group’s Hong Kong operations, the Group identified a shortfall in theactual results against previous forecasts due to various factors, includingbut not limited to, a decline in demand for its own brewed products inlight of fierce market competition and more outbound travel spending.Indicators of impairment existed for the non-current assets employed in themanufacturing operations in Hong Kong, comprising primarily the productionplant and machineries. The Group determined the recoverable amount of thecash-generating unit to which these assets belong (the “Hong Kong CGU”) tobe HK$227.0 million as at 31 December 2024, which is lower than the carryingamount. Based on the assessment, the Company recognized a one-time,non-cash impairment loss of HK$90.0 million, with a deferred tax impact ofHK$14.9 million in 2024 on its non-current assets. Excluding the impairmentloss, the Group’s consolidated net profit would have been HK$56.2 million in2024, compared with HK$89.6 million in 2023. Including the impairment loss,the consolidated loss for 2024 was HK$18.9 million. As a result, the net lossattributable to equity shareholders for 2024 was HK$20.1 million, against anet profit of HK$85.9 million the previous year. 2.279,0001,4905,6208,9601,8902,0108,590 2.171.8 The Group maintained a healthy net cash positive position, with cash andbank balances amounting to HK$216.5 million as of 31 December 2024(HK$180.0 million as of 31 December 2023). As of 31 December 2024, loans were at HK$3.5 million (HK$3.6 million as of 31December 2023). Total net assets were at HK$634.8 million (HK$672.5 millionas of 31 December 2023), and the loan-to-equity ratio was 0.01 (31 December2023: 0.01). 3503606.3