Annual Report 2023

123 2023 Annual Report Transport International Holdings Limited In 2023, the SBH Group continued to modernise its bus fleet with the latest Euro VI buses. As at 31 December 2023, the SBH Group had a fleet of 421 buses (2022: 396 buses). New Hong Kong Bus Company Limited (“NHKB”) NHKB operates 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 the NHKB rebounded significantly after the resumption of the Huang Bus service on 6 February 2023 as a result of full resumption of the immigration clearance service for passengers at the Lok Ma Chau Control Point. Total operating expenses for 2023 increased in response to the resumption of services compared with 2022. As at 31 December 2023, NHKB had a fleet of 15 buses (2022: 15 buses). 400 200 300 100 0 2019 2020 2021 2022 2023 Bus Kilometres Operated (Franchised public bus operations) KMB LWB KMB LWB Average Number of Passenger Trips per Day (Franchised public bus operations) 4,000 2,000 3,000 1,000 0 2019 2020 2021 2022 2023 Thousand of passenger trips per day Million kilometres 15,000 9,000 12,000 3,000 6,000 0 2019 2020 2021 2022 2023 Number of Staff at 31 December KMB LWB Non-franchised bus services KMB LWB Non-franchised bus services Number of Licensed Buses at 31 December 5,000 3,000 4,000 1,000 2,000 0 2019 2020 2021 2022 2023 Number of buses Number of staff