Annual Report 2020

2020 Annual Report Transport International Holdings Limited 103 The revenue of the SBH Group for 2020 decreased by 23.6% compared with 2019. The decrease was mainly attributable to the decline in both local business and cross-boundary services as a result of the outbreak of COVID-19. Total operating expenses for 2020 decreased by 14.0% compared with 2019 as management implemented various cost control measures to streamline its business. In 2020, SBH Group continued to modernise its bus fleet with the latest Euro VI buses. As at 31 December 2020, the SBH Group had a fleet of 390 buses (2019: 390 buses). New Hong Kong Bus Company Limited (“NHKB”) NHKB jointly operates with its Shenzhen counterpart a direct, economical, 24-hour cross-boundary shuttle bus service (commonly known as the “Huang Bus” service) serving regular commuters and leisure travellers between Lok Ma Chau in Hong Kong and Huanggang ( 皇崗 ) in Shenzhen. The revenue of NHKB for 2020 decreased by 92.7% compared with 2019. The decrease was primarily attributable to the suspension of Huang Bus service with effect from 4 February 2020 as the immigration clearance service for passenger at Lok Ma Chau Control Point was suspended by the Government as part of its anti-epidemic measures. As at 31 December 2020, NHKB had a fleet of 15 buses (2019: 15 buses). 3,200 2,400 1,600 800 0 4,800 3,600 2,400 1,200 0 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 KMB LWB KMB LWB Non-franchised bus services 360 270 180 90 0 16,000 12,000 8,000 4,000 0 2016 2016 2017 2017 2018 2018 2019 2019 2020 2020 KMB LWB KMB LWB Non-franchised bus services Average Number of Passenger Trips per Day (Franchised public bus operations) Thousand of passenger trips per day Number of Licensed Buses at 31 December Number of buses Bus Kilometres Operated (Franchised public bus operations) Million kilometres Number of Staff at 31 December Number of staff