Annual Report 2024

121 2024 Annual Report Transport International Holdings Limited 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 for 2024 increase by 27.6% compared with 2023. The increase was mainly due to the increase in bus patronage as a result of the recent trend of northbound spending for Hong Kong residents over weekends and holidays. Total operating expenses for the year increased correspondingly as a result of the increase in service level to cater for the increased demand. As at 31 December 2024, NHKB had a fleet of 15 buses (2023: 15 buses). KMB LWB KMB LWB Average Number of Passenger Trips per Day (Franchised public bus operations) Thousand of passenger trips per day 4,000 2,000 3,000 1,000 0 2020 2021 2022 2023 2024 Bus Kilometres Operated (Franchised public bus operations) Million kilometres 400 200 300 100 0 2020 2021 2022 2023 2024 KMB LWB Non-franchised bus services Number of Licensed Buses at 31 December Number of buses 5,000 3,000 4,000 1,000 2,000 0 2020 2021 2022 2023 2024 Number of Staff at 31 December KMB LWB Non-franchised bus services Number of staff 15,000 9,000 12,000 3,000 6,000 0 2020 2021 2022 2023 2024