Financial Performance - The company reported a loss per share of HKD (7.06) for 2020, compared to a profit of HKD 7.08 in 2019[22]. - The dividend payout ratio for 2019 was 42.39%, with no dividends declared for 2020[18]. - The current ratio decreased to 2.08 in 2020 from 2.38 in 2019, indicating a decline in liquidity[22]. - The debt-to-capital ratio increased to 26.04% in 2020 from 14.81% in 2019, reflecting higher leverage[22]. - The average return on equity was -3.42% in 2020, down from 3.12% in 2019, indicating a decline in profitability[22]. - The company's revenue for 2020 was HKD 1,966,709, a significant decrease from HKD 4,476,996 in 2019, representing a decline of approximately 56%[24]. - Gross profit for 2020 was HKD 75,703, down from HKD 1,823,665 in 2019, indicating a decline of about 96%[24]. - The company reported a loss from continuing operations of HKD 612,084 in 2020, compared to a profit of HKD 537,764 in 2019, indicating a turnaround of approximately 214%[24]. - The group reported a pre-tax loss of HKD 742 million, compared to a pre-tax profit of HKD 734 million in the previous year[38]. - Shareholders' loss attributable to the company was HKD 391 million, down from a profit of HKD 387 million in the previous year[38]. Assets and Liabilities - The total assets increased to HKD 25,184,194 in 2020 from HKD 21,806,928 in 2019, reflecting an increase of approximately 15.5%[24]. - The total liabilities rose to HKD 6,747,931 in 2020, compared to HKD 4,442,761 in 2019, marking an increase of about 52%[24]. - The company’s equity attributable to owners was HKD 16,207,459 in 2020, slightly up from HKD 16,086,275 in 2019, indicating a marginal increase of about 0.7%[24]. - Cash and bank balances totaled HKD 3.637 billion, a decrease of 1% year-on-year, with net cash of HKD 2.286 billion, down 27% from the previous year[45]. Operational Highlights - The company operates various theme parks and related businesses, including cultural tourism and travel agency services[19]. - The company has a 51% stake in Shenzhen World Window Co., Ltd., and a 51% stake in Shenzhen Splendid China Development Co., Ltd.[19]. - The company has a 100% ownership in several subsidiaries, including China Travel (Shenzhen) City Development Co., Ltd.[20]. - The company experienced a significant reduction in administrative expenses, which were HKD 874,070 in 2020 compared to HKD 998,836 in 2019, a decrease of approximately 12.5%[24]. Strategic Initiatives - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[34]. - New product launches are expected to contribute an additional HKD 300 million in revenue over the next fiscal year[35]. - A strategic acquisition is in progress, which is projected to increase the company's annual revenue by 10%[33]. - The company aims to reduce operational costs by 15% through efficiency improvements in the next year[32]. - The company is investing HKD 50 million in research and development for innovative technologies aimed at enhancing customer experience[32]. Sustainability and Corporate Social Responsibility - The company actively fulfills its corporate social responsibility, contributing to poverty alleviation through tourism management talent training[41]. - The company has been recognized as a "National Advanced Collective for Poverty Alleviation" by the central government[41]. - The company emphasizes the importance of stakeholder engagement and has developed a robust communication mechanism with various stakeholders, including government, investors, employees, customers, contractors, suppliers, and the community[164]. - The company aims to create long-term value for shareholders through effective management policies in its business activities[163]. - The company has committed to responding to stakeholder expectations by identifying, assessing, and managing ESG-related issues through internal discussions and communications[163]. Environmental Impact - In 2020, the total energy consumption of the company was 106,995.53 MWh, a significant decrease from 215,884.16 MWh in 2019, reflecting a reduction of approximately 50.5%[171]. - The company reported a 79.1% reduction in total carbon dioxide emissions during the reporting period, primarily due to a significant decrease in passenger volume caused by the COVID-19 pandemic[173]. - The total greenhouse gas emissions were 9,049.94 tCO2e, a decrease of 70.2% from 30,356.87 tCO2e in 2019[174]. - The company generated 7,200 kWh of renewable energy through solar panels at the Shapotou Scenic Area in 2020[178]. - The company has committed to conducting environmental impact assessments for construction projects at tourist destinations to minimize adverse effects on local environments[168]. Employee Engagement and Development - The company provided over 149,000 training hours to employees in 2020, focusing on various areas including financial and tax training, expert-led seminars, and management skills training[192]. - The company provided additional public holidays for employees, increasing the total from 12 to 14 days for traditional Chinese festivals[187]. - The company implemented flexible work arrangements to help employees balance work and life, especially during the pandemic[188]. - The company encourages employees to seek work-life balance and offers support for their personal goals[188]. - The company initiated a talent succession plan to provide clearer career paths for employees[191]. Governance and Compliance - The company has complied with the corporate governance code, with some deviations noted regarding independent director meetings and term limits[118]. - The board consists of 12 members, including 6 executive directors, 1 non-executive director, and 5 independent non-executive directors[120]. - The company emphasizes the importance of board diversity, considering various factors such as gender, age, and professional experience in its selection process[131]. - The company has established ongoing related party transactions with its major shareholder, China Travel Group, and its subsidiaries, which are subject to regulatory compliance[78]. - The company maintains a zero-tolerance policy towards corruption, bribery, and money laundering, with established internal controls and employee conduct guidelines[199].

Financial Performance - Revenue for the six months ended June 30, 2020, was HKD 571.3 million, a decrease of 74.3% compared to HKD 2,219.7 million in the same period of 2019[25] - The company reported a gross loss of HKD 23.7 million, compared to a gross profit of HKD 1,013.0 million in the previous year[25] - Operating loss for the period was HKD 651.3 million, a significant decline from an operating profit of HKD 545.9 million in 2019[25] - The net loss attributable to equity holders was HKD 443.5 million, compared to a profit of HKD 419.4 million in the same period last year[25] - Basic and diluted loss per share was HKD 8.01, compared to earnings of HKD 7.69 per share in 2019[25] - Total comprehensive loss for the period amounted to HKD 741.4 million, compared to a total comprehensive income of HKD 472.4 million in the previous year[28] - Other income and net gains for the period were HKD 67.1 million, down from HKD 216.2 million in 2019[25] - The company experienced a significant increase in administrative expenses, totaling HKD 403.3 million, compared to HKD 445.0 million in the same period of 2019[25] - The company reported a loss of HKD 443,486 thousand for the period, compared to a profit of HKD 419,426 thousand in the previous period[35] - Other comprehensive loss for the period amounted to HKD 193,355 thousand, contributing to a total comprehensive loss of HKD 636,841 thousand[35] Assets and Liabilities - Total assets decreased to HKD 21,478,757 thousand as of June 30, 2020, down from HKD 21,806,928 thousand as of December 31, 2019, representing a decline of approximately 1.5%[31] - Non-current assets totaled HKD 14,793,277 thousand, slightly down from HKD 14,884,523 thousand, indicating a decrease of about 0.6%[31] - Current assets decreased to HKD 6,685,480 thousand from HKD 6,922,405 thousand, reflecting a decline of approximately 3.4%[31] - Total liabilities increased to HKD 4,856,018 thousand from HKD 4,442,761 thousand, marking an increase of about 9.3%[33] - The company's equity attributable to owners decreased to HKD 15,449,434 thousand from HKD 16,086,275 thousand, a decline of approximately 4.0%[37] - Non-controlling interests decreased to HKD 1,173,305 thousand from HKD 1,277,892 thousand, reflecting a decrease of about 8.2%[37] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2020, was a net outflow of HKD 535,138, compared to a net inflow of HKD 26,165 in 2019, indicating a significant decline in operational performance[39] - Cash and cash equivalents decreased by HKD 268,287 during the six months ended June 30, 2020, compared to an increase of HKD 816,968 in the same period of 2019[42] - The company reported a net cash outflow from investing activities of HKD 24,163 for the first half of 2020, a stark contrast to a net inflow of HKD 1,060,287 in 2019, reflecting reduced investment activity[39] - Total cash and cash equivalents as of June 30, 2020, stood at HKD 2,156,391, down from HKD 1,908,401 in 2019, showing a decrease in liquidity[42] - The company incurred a net cash inflow from financing activities of HKD 291,014 in the first half of 2020, compared to a net outflow of HKD 269,484 in the same period of 2019, indicating a shift towards financing[39] Revenue Breakdown - Revenue from the tourism sector and related businesses was HKD 230,481,000, down from HKD 919,510,000 in 2019, reflecting a decrease of approximately 74.9%[64][66] - The hotel business generated revenue of HKD 135,565,000, a significant drop from HKD 401,151,000 in the previous year, indicating a decline of about 66.2%[64][66] - The transportation business reported revenue of HKD 45,501,000, down from HKD 253,409,000, marking a decrease of approximately 82.0%[64][66] - The tourism destination business generated total revenue of HKD 366 million, a decrease of 72% year-on-year, with a loss of HKD 180 million compared to a profit of HKD 295 million last year[114] - The hotel business revenue was HKD 136 million, down 66% year-on-year, with a loss of HKD 71 million compared to a profit of HKD 80 million last year[115] Strategic Initiatives - The company plans to continue monitoring its operational segments closely to make informed decisions regarding resource allocation and performance evaluation[63] - The group aims to accelerate revenue growth from existing businesses, with initiatives such as introducing new ticketing options and enhancing product offerings at various attractions[128] - The group is actively pursuing digital transformation, establishing an ERP platform and a dedicated office to enhance integrated management across business operations[128] - The group is focusing on strategic acquisitions of quality scenic resources to create new profit growth points and expand into overseas markets[132] - The group plans to invest approximately RMB 334 million in developing tourism and real estate projects in Jintang County, Sichuan, with the aim of enhancing market share and brand recognition[132] Corporate Governance and Shareholder Structure - The company has adhered to the corporate governance code as per the listing rules, with deviations noted regarding the appointment terms of non-executive directors[177] - The board of directors confirmed compliance with the standard code of conduct for securities trading for the six months ending June 30, 2020[178] - Major shareholder China Travel Group holds 3,385,492,610 shares, representing 61.15% of the company's ordinary shares[170] - The company’s major shareholders are controlled by China Travel Group, which is directly or indirectly managed by the State Council of the People's Republic of China[172] - The company has a floating income investment with a capital protection nature, continuously monitoring income risks and diversifying investment risks through appropriate asset allocation[145]

Financial Performance - The company reported earnings per share (EPS) of HKD 7.08 for 2019, a decrease of 43.33% compared to HKD 12.60 in 2018[22]. - Revenue for 2019 was HKD 4,476,996, a decrease of 0.9% compared to HKD 4,518,180 in 2018[25]. - Gross profit for 2019 was HKD 1,823,665, down 6.8% from HKD 1,957,997 in 2018[25]. - Profit before tax decreased to HKD 734,312 in 2019, a decline of 29.3% from HKD 1,038,864 in 2018[25]. - Net profit attributable to equity holders was HKD 386,880 in 2019, down 43.8% from HKD 687,076 in 2018[25]. - The group's profit before tax was HKD 734 million, down 29% year-on-year[55]. - The profit attributable to shareholders was HKD 387 million, a decrease of 44% compared to the previous year[55]. Dividends and Payouts - The dividend payout ratio increased to 42.39% in 2019 from 23.81% in 2018, with a consistent dividend of HKD 3.00 per share[22]. - The company declared an interim dividend of HKD 0.03 per share, consistent with the previous year, and did not recommend a final dividend for the year[116]. Assets and Liabilities - Total assets increased to HKD 21,806,928 in 2019, up from HKD 21,491,775 in 2018[25]. - Total liabilities rose slightly to HKD 4,442,761 in 2019 from HKD 4,379,751 in 2018[25]. - The total cash and bank balances decreased by 9% to HKD 3.669 billion, with net cash increasing by 37% to HKD 3.117 billion after deducting borrowings[70]. Operational Efficiency and Strategy - The company plans to focus on market expansion and new product development in the upcoming year[26]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of the next fiscal year[50]. - The group aims to enhance operational efficiency and asset value through the revitalization and optimization of existing assets, including properties in Hong Kong[87]. - The group is actively promoting the revitalization and optimization of its properties in Hong Kong to enhance asset operational efficiency[59]. Market Expansion and Growth - The company is actively exploring new market opportunities and potential acquisitions to drive growth in the tourism sector[12]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[50]. - The company plans to invest approximately RMB 1.45 billion in the Daxin County tourism project, including renovations to the Detian Waterfall scenic area and related real estate projects[104]. Stakeholder Engagement and Governance - The company has established a competitive compensation system that includes a basic monthly salary, annual bonuses, benefits, and long-term incentives, ensuring alignment with performance and shareholder interests[134]. - The independent non-executive directors confirmed that the continuing connected transactions for the year ended December 31, 2019, were conducted in the ordinary course of business and on normal commercial terms[167]. - The audit committee has reviewed the accounting principles and practices adopted by the group, discussing risk management and internal controls[199]. Research and Development - Research and development expenses increased by 30%, totaling $150 million, to support innovation in new technologies[50]. Financial Agreements and Transactions - The company has a non-committed revolving loan facility with a limit of HKD 1 billion, which can be modified or canceled by the bank at any time[195]. - The company has a financing agreement for a non-committed revolving loan of HKD 300 million, with specific conditions regarding the ownership of its major shareholder[194]. - The company has ongoing related party transactions with China Travel Group, including travel group services, with an actual amount of HKD 23.254 million for the year ended December 31, 2019, against a cap of HKD 45 million[160]. Customer Base and Revenue Sources - The top five customers accounted for less than 30% of the group's total revenue, indicating a diversified customer base[126]. Sustainability and Corporate Responsibility - The management team emphasized a commitment to sustainability, with plans to invest $20 million in green technologies[50]. - The group has made charitable donations amounting to HKD 2,508,000 during the year[122].

Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 2,219,659,000, an increase of 6.8% compared to HKD 2,077,670,000 for the same period in 2018[25]. - Gross profit for the same period was HKD 1,012,974,000, representing a gross margin of 45.6%[25]. - Operating profit increased to HKD 545,930,000, up 63.0% from HKD 335,304,000 in the previous year[25]. - Profit before tax was HKD 637,875,000, a rise of 11.5% compared to HKD 571,982,000 in 2018[25]. - Net profit for the period was HKD 494,532,000, compared to HKD 448,259,000 in the same period last year, reflecting a growth of 10.3%[25]. - Basic earnings per share increased to HKD 7.69, up from HKD 6.96 in the previous year[25]. - Total comprehensive income for the period was HKD 472,411,000, compared to HKD 364,294,000 in 2018, indicating a growth of 29.8%[27]. - The company reported other income and net gains of HKD 216,197,000, significantly higher than HKD 87,395,000 in the previous year[25]. - The company reported a profit of HKD 419,426,000 for the period, contributing to a total comprehensive income of HKD 400,757,000[31]. - The company reported a total comprehensive income of HKD 301,425 for the period, compared to HKD 364,294 in the previous year[32]. - The company reported a net financial income of HKD 24,538,000, down from HKD 34,814,000 in the previous year, indicating a decrease in financial performance[75]. - The total operating expenses, including labor costs, were HKD 656,456,000, slightly up from HKD 652,688,000 in the previous year, showing controlled cost management[74]. Assets and Liabilities - Non-current assets increased to HKD 15,072,975 thousand as of June 30, 2019, compared to HKD 14,986,813 thousand as of December 31, 2018, reflecting a growth of 0.57%[28]. - Current assets totaled HKD 6,681,383 thousand, up from HKD 6,504,962 thousand, representing an increase of 2.72%[29]. - Total assets reached HKD 21,754,358 thousand, a rise from HKD 21,491,775 thousand, indicating a growth of 1.22%[29]. - Total equity increased to HKD 17,584,360 thousand from HKD 17,112,024 thousand, marking a growth of 2.75%[31]. - Non-current liabilities rose to HKD 1,554,748 thousand, compared to HKD 1,259,652 thousand, reflecting an increase of 23.4%[29]. - Current liabilities decreased to HKD 2,615,250 thousand from HKD 3,120,099 thousand, showing a decline of 16.14%[29]. - The company’s total liabilities decreased to HKD 1,097,899 as of June 30, 2019, from HKD 1,184,403 as of January 1, 2018[32]. - The company’s total assets as of June 30, 2019, were HKD 17,363,193, reflecting a slight decrease from HKD 17,393,846 at the beginning of the year[32]. Cash Flow - The net cash flow from operating activities for the six months ended June 30, 2019, was HKD 26,165, a decrease from HKD 107,362 in the same period of 2018[33]. - The net cash flow from investing activities for the six months ended June 30, 2019, was HKD 1,060,287, compared to a cash outflow of HKD 316,943 in the previous year[34]. - The net increase in cash and cash equivalents for the six months ended June 30, 2019, was HKD 816,968, up from HKD 261,421 in 2018[34]. - The company’s cash and cash equivalents as of June 30, 2019, totaled HKD 1,908,401, down from HKD 2,739,177 in the previous year[34]. - The company reported a significant increase in cash and cash equivalents in the consolidated cash flow statement, rising to HKD 1,908,401 from HKD 1,101,901, an increase of about 73.06%[88]. - The cash generated from operating activities was HKD 26,165,000, significantly lower than HKD 107,362,000 in the previous year[56]. - The cash outflow for financing activities was HKD 269,484,000, compared to an inflow of HKD 471,002,000 in 2018[56]. Investments and Acquisitions - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[25]. - The company plans to expand its market presence in Southeast Asia and Europe, enhancing its travel agency services and hotel offerings[70]. - New product developments include enhanced travel packages and experiences in theme parks, aimed at attracting more visitors and increasing revenue streams[70]. - The company is exploring potential acquisitions to strengthen its market position and diversify its service offerings further[70]. - The company has significant capital commitments for factory, equipment, and vehicles amounting to HKD 346,311 as of June 30, 2019, compared to HKD 29,089 in the previous year, indicating a notable increase[94]. - The company has capital commitments of HKD 409,085 for real estate projects as of June 30, 2019, compared to HKD 242,691 as of December 31, 2018, reflecting an increase of approximately 68.5%[94]. - The company has signed a cooperation agreement with the government of Daxin County, Guangxi, with a total planned investment of approximately RMB 1.45 billion, including renovations at the Detian Waterfall scenic area and related hotel projects[121]. Corporate Governance and Compliance - The interim financial report is prepared in accordance with the disclosure requirements of the Hong Kong Stock Exchange and the Hong Kong Financial Reporting Standards, specifically HKAS 34 for interim financial reporting[36]. - The accounting policies applied in the interim financial report are consistent with those used in the annual financial statements for the year ended December 31, 2018, except for new standards effective for the fiscal year ending December 31, 2019[37]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with the standards set forth in the listing rules[159]. - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance shareholder value[156]. - The company’s board of directors is required to rotate one-third of its members at the annual general meeting, ensuring compliance with corporate governance codes[156]. Risk Management - The group faced various financial risks, including market risk, credit risk, and liquidity risk, with risk management policies approved by the board[58]. - The group’s overall risk management plan focuses on minimizing potential negative impacts on financial performance due to market unpredictability[58]. - The company has no specific hedging tools to manage foreign exchange risks and will monitor and manage foreign currency risks closely[128]. Employee and Shareholder Information - As of June 30, 2019, the company employed 7,860 employees and regularly evaluates employee compensation policies[126]. - The company’s major shareholders include Hong Kong New Travel Investment Company, holding 1,109,952,705 shares, which is 20.34% of the issued share capital[151]. - The company’s board members and key executives held a total of 13,136,000 stock options as of June 30, 2019, with a significant portion being unexercised[142]. - The company has a performance-based vesting condition for stock options, which can be exercised upon meeting certain performance indicators[142]. Financial Products and Investments - The company held financial products totaling RMB 696 million, equivalent to HKD 792 million, with a fair value income of approximately HKD 18 million during the period[131]. - The company has invested in various financial products with a range of expected annualized returns, with the highest being 4.49% and the lowest at 2.90%[133]. - The company’s financial products are primarily of a capital-protected floating income type, with no early redemption rights for investors[134]. - The company actively monitors the income risk associated with its financial assets and employs appropriate asset allocation to mitigate investment risks[134]. Dividend Information - The company declared an interim dividend of 3 HKD cents per share for the six months ended June 30, 2019, consistent with the dividend declared in 2018[79]. - The board proposed an interim dividend of HKD 0.03 per share, maintaining the same as the previous year, with a payout ratio of 39%[111].

Financial Performance - The company reported earnings per share (EPS) of HKD 12.60 for 2018, down from HKD 21.07 in 2017, representing a decrease of approximately 40%[14]. - The dividend per share for 2018 was HKD 3.00, compared to HKD 8.50 in 2017, indicating a significant reduction in dividend distribution[14]. - The interest coverage ratio decreased to 101.72 in 2018 from 320.15 in 2017, reflecting a decline in the company's ability to meet interest obligations[14]. - The average return on equity (ROE) decreased to 4.81% in 2018 from 7.62% in 2017, suggesting a decline in profitability relative to shareholders' equity[14]. - Profit before tax was $1,038,864, down from $1,562,079, reflecting a decrease of approximately 33.4%[18]. - Net profit attributable to equity holders was $687,076, compared to $1,147,843 in the previous period, a decline of about 40.1%[18]. - Other income and net gains amounted to $144,260, a significant decrease from $852,944, indicating a drop of approximately 83.1%[18]. - The group's consolidated revenue for the year ended December 31, 2018, was HKD 4.518 billion, a decrease of 8% compared to the previous year[39]. - Profit attributable to shareholders was HKD 687 million, a decrease of 40% year-on-year, primarily due to the absence of one-time gains from asset operations in the previous year[39]. Asset and Liability Management - The total assets to equity ratio showed a slight improvement with a debt to equity ratio of 18.55% in 2018 compared to 19.75% in 2017[14]. - The company reported a total asset value of $21,491,775, compared to $19,975,771 in the previous period, representing an increase of about 7.6%[19]. - Total liabilities were reported at $(4,379,751), a slight decrease from $(4,741,229), indicating a reduction of approximately 7.7%[19]. - The total assets as of December 31, 2018, were HKD 21.492 billion, a decrease of 3% from the previous year, and the cash and bank balances totaled HKD 4.023 billion, down 22%[48]. Strategic Initiatives and Market Expansion - The company plans to expand its market presence through strategic partnerships and investments in tourism-related sectors[11]. - The company plans to enhance product innovation and apply technology in scenic areas, including the implementation of web scraping technology for reputation monitoring and smart command systems[44]. - The company is focusing on strategic acquisitions to enhance its competitive position in the market[18]. - The company plans to invest approximately RMB 1.45 billion in the Detian tourism project, which includes renovations and the development of hotels and tourism real estate[70]. - The group aims to leverage development opportunities to acquire quality projects and strategic resources for future growth[67]. Operational Performance - Revenue from continuing operations was $4,518,180, showing an increase compared to $4,065,999 in the previous period, representing a growth of approximately 11.1%[18]. - Gross profit reached $1,957,997, slightly up from $1,944,718, indicating a marginal increase of 0.1%[18]. - The hotel business generated revenue of HKD 821 million, an increase of 4% year-on-year; attributable profit was HKD 163 million, up 9%[52]. - Theme park revenue reached HKD 855 million, a 7% increase year-on-year; attributable profit was HKD 135 million, up 4%[52]. - The group's travel agency and related business revenue was HKD 1.289 billion, a 5% increase year-on-year; attributable profit was HKD 179 million, up 28%[53]. Employee and Governance - The group employed 8,963 employees as of December 31, 2018, with compensation based on performance and industry standards[56]. - The company is committed to maintaining competitive compensation levels to attract and retain talent[86]. - The board consists of 11 members, including 7 executive directors and 4 independent non-executive directors, contributing to effective governance[133]. - The company has established a risk management and internal control framework, reviewed by the audit committee[129]. - The company encourages continuous professional development for all directors, providing training on risk management and other relevant topics[139]. Environmental and Social Responsibility - The company aims to create long-term value for shareholders by establishing management policies and integrating sustainable principles into its business activities[185]. - The company has set sustainability goals covering four areas: environment, employees, operational practices, and community[185]. - The company reported electricity consumption of 85,690,787.7 kWh in 2018, an increase from 81,223,275.43 kWh in 2017, representing a growth of approximately 5.5%[197]. - Greenhouse gas emissions for 2018 were recorded at 51,899.67 tCO2e, up from 48,749.50 tCO2e in 2017, indicating an increase of about 4.4%[197]. - The company has actively engaged employees in environmental protection initiatives, promoting energy conservation and waste reduction practices[195].