Financial Performance - For the first half of 2023, the total revenue of the company was HKD 12.791 billion, a decrease of 16.0% year-on-year[28]. - The net profit for the same period was HKD 1.376 billion, an increase of 24.6% year-on-year, primarily driven by the recovery in toll road business and improved performance in real estate[28]. - The company's consumer goods segment reported a net profit of HKD 128 million, down 45.7% year-on-year due to a weakening global economy and increased competition[29]. - The group's unaudited revenue for the six months ended June 30, 2023, was HKD 12.791 billion, a decrease of 16.0% compared to the same period last year[41]. - Shareholders' profit for the same period was HKD 1.376 billion, an increase of 24.6%, primarily due to significant recovery in toll road revenue and traffic volume[41]. - The company recorded a revenue of HKD 1.798 billion for the first half of 2023, a decrease of 73.6% year-on-year, with a shareholder loss of HKD 303 million[63]. - The company reported a net profit attributable to shareholders of HKD 1,375,697, a decrease of 12.4% from HKD 1,103,688 in the first half of 2022[124]. Segment Performance - The toll road business saw a significant increase in traffic volume and toll revenue due to the easing of pandemic control measures in mainland China[28]. - The infrastructure and environmental business recorded a profit of HKD 1.195 billion, up 21.4% year-on-year[28]. - The real estate segment achieved a profit of HKD 102 million, a substantial increase of 155.6% year-on-year[28]. - The real estate business's revenue for the period was RMB 3.449 billion, a year-on-year increase of 149.6%[28]. - The health sector reported a profit of HKD 69.16 million, contributing approximately 4.6% to the group's net profit, with the acquisition of a 40% stake in Shanghai Pharmaceuticals expected to generate new profit contributions[34]. - The infrastructure and environmental segment contributed HKD 1.194 billion to net profit, a 21.4% increase year-on-year, accounting for 80.0% of total business profit[81]. - The consumer goods segment contributed HKD 128 million to the group's net profit, a decrease of 45.7% year-on-year, accounting for approximately 8.6% of total net profit[72]. Dividends and Shareholder Returns - The board declared an interim dividend of HKD 0.42 per share, consistent with the previous year[25]. - The interim dividend remained unchanged at 42 HK cents per share, with a payout ratio of 33.2%[75]. - The interim dividend declared is HKD 0.42 per share, consistent with the previous year's interim dividend[131]. Strategic Initiatives - The company is focusing on developing key water projects and accelerating the construction of solid waste benchmark projects in the Yangtze River Delta region[28]. - The company is actively expanding its core customer base in the packaging business under the "1+1+1" strategy[29]. - The group plans to enhance its water services market development and pursue high-standard environmental projects in line with national strategies[47]. - The group aims to accelerate digital construction and low-carbon development in its environmental business, aligning with China's carbon neutrality goals[41]. - The company aims to leverage technological innovation to expand its eco-friendly packaging product applications and tap into new market demands[74]. Market Conditions and Challenges - The company's consumer goods segment reported a net profit of HKD 128 million, down 45.7% year-on-year due to a weakening global economy and increased competition[29]. - Nanyang Tobacco faced challenges from inventory accumulation in overseas markets and declining consumer sentiment domestically, implementing strategies to manage inventory and enhance market presence[36]. - The company is focusing on inventory reduction strategies to address challenges in the domestic market, where consumer sentiment is declining[73]. Asset and Liability Management - The company’s total assets decreased by 8.0% to HKD 178.34 billion from HKD 193.93 billion[76]. - The net debt ratio increased to 64.90% from 61.25% year-on-year[76]. - The total loans, including bank loans and other loans, amount to approximately HKD 57.533 billion as of June 30, 2023, down from HKD 58.768 billion at the end of 2022, with 79.2% being unsecured credit facilities[90]. - The group has pledged assets with a total book value of HKD 11.085 billion for bank credit facilities, down from HKD 11.499 billion at the end of 2022[92]. Future Outlook - The company plans to focus on collaborative and overseas business development, including heat supply and sludge disposal projects[53]. - The company has plans for market expansion and new product development, focusing on enhancing its competitive edge in the industry[110]. - The company aims to enhance internal management and accelerate cash flow recovery while pushing forward with existing projects[61]. Employee and Management Information - The group had a total of 19,433 employees as of June 30, 2023, with compensation determined based on performance and market trends[162]. - The total remuneration for directors and key management personnel was HKD 5,986 thousand for the six months ended June 30, 2023, down from HKD 10,872 thousand, a decrease of 45.5%[152].

Financial Performance - For the six months ended June 30, 2023, the group's total revenue was HKD 12.791 billion, a decrease of 16.0% year-on-year, while net profit increased by 24.6% to HKD 1.376 billion, driven by a recovery in toll road operations and improved real estate performance [4]. - The infrastructure and environmental business reported a profit of HKD 1.195 billion, up 21.4% year-on-year, accounting for approximately 80.0% of the group's net profit, primarily due to increased traffic volume and toll revenue from toll roads [5]. - The total traffic volume and toll revenue from the group's three toll roads and Hangzhou Bay Bridge significantly exceeded expectations, with a year-on-year increase in traffic volume of 86.9% [6]. - The group's share of net profit from the Shanghai-Hangzhou-Ningbo Expressway (Shanghai section) was HKD 192 million, up 105.8% year-on-year, with toll revenue of HKD 291 million, an increase of 92.8% [7]. - The revenue for China Water Affairs Group decreased by 6.9% year-on-year to HKD 1.065 billion, with net profit down 2.3% to HKD 178 million [11]. - Yuefeng Environmental's revenue fell by 27.5% year-on-year to HKD 2.981 billion, primarily due to a decrease in construction revenue from completed waste-to-energy projects [12]. - Shanghai Kangheng Environment achieved a revenue of RMB 3.984 billion, up 10.06% year-on-year, with net profit rising by 0.47% to RMB 633 million [13]. - The consumer goods business contributed a profit of HKD 128 million, a year-on-year decrease of 45.7%, accounting for about 8.6% of the group's net profit [21]. - Nanyang Tobacco reported a revenue of HKD 648 million and a net profit of HKD 103 million, down 24.7% and 46.4% year-on-year, respectively [22]. - Yongfa Printing recorded a revenue of HKD 724 million, a year-on-year decrease of 17.2%, with a net profit of HKD 29.1 million, down 27.1% year-on-year [24]. Real Estate Performance - The real estate business recorded a profit contribution of HKD 102 million in the first half of 2023, a year-on-year increase of 155.6%, accounting for approximately 6.8% of the group's net profit [17]. - Shanghai Industrial Development achieved a revenue of RMB 3.449 billion, a year-on-year increase of 149.6%, with a net profit of RMB 397 million, turning from loss to profit [18]. - The signed contract amount for real estate projects reached RMB 441 million, with a signed construction area of 8,538 square meters [18]. - Shanghai Industrial City Development reported a revenue of HKD 1.798 billion, a year-on-year decrease of 73.6%, with a shareholder loss of HKD 303 million [20]. - The signed contract amount for Shanghai Industrial City Development was RMB 5.010 billion, a year-on-year increase of 9.7%, covering a construction area of approximately 169,000 square meters [20]. - The company is focusing on optimizing operations and enhancing asset management efficiency in the real estate sector [18]. - The real estate segment will adjust its operational strategies in response to industry policy changes, aiming to strengthen sales and cash flow management [25]. Environmental and Infrastructure Development - The group plans to continue expanding its water services market and develop more high-standard environmental projects in line with national strategies [8]. - The operating and financial income from service concession arrangements increased by 12.1% year-on-year, primarily due to the commencement of operations at the Shanghai Baoshan Renewable Energy Utilization Center and an increase in average sewage and water prices [10]. - The gross profit for the period grew by 15.5% year-on-year, benefiting from new service concession arrangements, with a consolidated gross margin improvement of approximately 2.0% [10]. - The sewage treatment volume increased by 2.7% year-on-year to 1,239,585,000 tons, while the water supply volume also rose by 2.7% to 155,761,000 tons [10]. - The average sewage treatment fee was RMB 1.80 per ton, up 4.5% year-on-year, and the average water supply price increased by 1.1% to RMB 2.50 per ton [10]. - New projects included three sewage treatment projects in Macau with a total design capacity of 69,000 tons/day, 685 tons/day, and 20,000 tons/day [10]. - The company actively responded to national policies and continued to deepen its strategic layout in the Yangtze River Economic Belt and the Guangdong-Hong Kong-Macao Greater Bay Area [10]. Shareholder Returns and Financial Management - The company declared an interim dividend of HKD 0.42 per share, payable on October 12, 2023 [27]. - The profit attributable to the company's owners for the six months ended June 30, 2023, was HKD 1,375,697, up from HKD 1,103,688, representing a growth of 24.7% [33]. - Basic and diluted earnings per share increased to HKD 1.265 from HKD 1.015, marking a rise of 24.6% [33]. - The company declared an interim cash dividend of HKD 0.42 per share for the 2023 mid-year, consistent with the previous year's dividend [54]. - The company’s equity attributable to shareholders as of June 30, 2023, was HKD 44,548,440, reflecting the net profit recorded during the period after deducting dividends paid [64]. Asset and Liability Management - As of June 30, 2023, total non-current assets amounted to HKD 98,989,701, a decrease from HKD 100,347,120 as of December 31, 2022, representing a decline of approximately 1.36% [35]. - Current assets, specifically inventory, decreased to HKD 36,532,628 from HKD 40,666,892, reflecting a reduction of about 10.3% [35]. - Total current liabilities decreased to HKD 53,250,000 from HKD 56,000,000, indicating a decrease of approximately 4.9% [36]. - The net value of current assets is HKD 26,750,316, down from HKD 28,190,754, a decline of about 5.1% [37]. - Total equity as of June 30, 2023, was HKD 74,179,628, compared to HKD 76,793,911 as of December 31, 2022, representing a decrease of approximately 3.4% [37]. - The company reported a decrease in cash and cash equivalents to HKD 27,984,657 from HKD 28,870,193, a decline of about 3.1% [35]. - The company has established a new operating segment called "Big Health" to reflect future development strategies [43]. - The company has rebranded its infrastructure segment to "Infrastructure and Environmental Protection" to better align with its business activities [43]. - The company is focusing on investments in toll road projects and water-related businesses, as well as property development and hotel operations [45]. - The company has applied new Hong Kong Financial Reporting Standards, which are expected to have no significant impact on the financial position and performance for the current and prior periods [42]. - The total assets for the infrastructure and environmental segment amounted to HKD 66,258,027, while total liabilities were HKD 32,705,806 as of June 30, 2023 [49]. - The company reported a decrease in tax expenses, with total tax for the period at HKD 1,006,950 compared to HKD 892,678 in the previous year [51]. - The company’s financial expenses totaled HKD 1,172,635, reflecting a decrease from the previous period [47]. - The company’s investment in new technologies and market expansion strategies is expected to drive future growth, although specific figures were not disclosed in the call [48]. - The group held bank balances and short-term investments of HKD 28,625,400,000 as of June 30, 2023, down from HKD 30,880,538,000 on December 31, 2022 [70]. - The group has sufficient internal resources and/or access to borrowing markets to cover capital expenditures [69]. - The interest coverage ratio remains robust, indicating strong liquidity [70].

Financial Performance - For the year ended December 31, 2022, the company reported total revenue of HKD 31.349 billion, a decrease of 19.1% year-on-year[16]. - The audited net profit for the same period was HKD 2.314 billion, representing a year-on-year decline of 38.2%[16]. - The total asset value of the company reached HKD 193.9 billion by the end of December 2022[26]. - The company's total assets decreased by 6.6% to HKD 193.934 billion from HKD 207.711 billion in 2021[63]. - The net debt ratio increased to 61.25% from 52.17% in the previous year, indicating a rise in leverage[63]. - The company reported a significant loss in other comprehensive income of HKD 5,894,141 for 2022, compared to a gain of HKD 2,108,323 in 2021[193]. - The company reported a profit attributable to shareholders of HKD 2.314 billion for the year ended December 31, 2022, a decrease of HKD 1.431 billion or approximately 38.2% compared to 2021[64]. - The company’s cash and cash equivalents decreased to HKD 28,870,193 in 2022 from HKD 38,149,742 in 2021, a decline of 24.2%[195]. - The company’s financial expenses increased to HKD 1,866,806 in 2022 from HKD 1,681,765 in 2021, an increase of 11.0%[192]. Dividend and Shareholder Matters - The board proposed a final dividend of HKD 0.50 per share for 2022, down from HKD 0.54 per share in 2021[12]. - Including the interim dividend of HKD 0.42 per share, the total dividend for the year is HKD 0.92 per share, compared to HKD 1.02 per share in 2021[12]. - The total dividend payout ratio for the year reached 43.2%[16]. - The board proposed a final dividend of HKD 0.50 per share for shareholders listed on the register as of June 5, 2023, down from HKD 0.48 per share in the previous year[156]. - The company has a policy that dividends can only be paid from profits, and it may choose to distribute dividends in cash, in kind, or as shares[134]. Business Segments Performance - The infrastructure business recorded a profit of HKD 1.926 billion, a year-on-year decrease of 18.7%[17]. - The water services segment achieved an operating revenue of RMB 8.304 billion and a net profit of RMB 780 million, representing year-on-year increases of 14.3% and 10.5% respectively[17]. - The real estate business reported a profit of HKD 300 million, down 66.5% year-on-year, with operating revenue of RMB 5.248 billion, a decrease of 47.9%[17]. - The consumer goods segment's net profit was HKD 310 million, reflecting a year-on-year decline of 53.7%[17]. - The infrastructure segment contributed HKD 1.926 billion to the group's profit, a decline of 18.7% year-on-year, largely due to reduced traffic and toll revenue during the pandemic[66][68]. - The real estate segment's profit fell significantly to HKD 299.5 million, a decrease of 66.5% compared to the previous year, attributed to fewer property sales and rental income reductions[66][68]. - The consumer goods segment reported a profit of HKD 310.2 million, down 53.7% year-on-year, with tobacco sales declining by 39.8% due to pandemic-related restrictions[66][68]. Strategic Focus and Initiatives - The company emphasized its commitment to ESG (Environmental, Social, and Governance) values amid a complex operating environment[16]. - The company aims to strengthen its asset and industry structure resilience in response to market volatility[16]. - The company plans to focus on existing development projects and has exited a project in Hongkou District, generating approximately RMB 4.6 billion in revenue[21]. - The company aims to leverage national policies to enhance its environmental services and capitalize on growth opportunities in the clean energy sector[19]. - The company plans to accelerate digital construction and low-carbon development in the environmental sector, while expanding into key regions and building high-standard projects[24]. - The company is focusing on sustainable development and new market applications for environmentally friendly packaging products[61]. - The company is actively enhancing operational efficiency and safety measures across its toll roads and bridges, ensuring stable operations during the pandemic[34]. Acquisitions and Investments - The company successfully acquired a 40% stake in Shanghai Pharmaceuticals Group for RMB 6.236 billion, aligning with its strategic focus on health and wellness[17]. - The company increased its stake in Shanghai Clean Energy to 80% for approximately RMB 224 million, supporting its renewable energy strategy[18]. - The company acquired 28.5% of the shares in Xi'an Chanba, enhancing profit, dividend distribution, and capital management flexibility[22]. - The company agreed to acquire a 40% stake in Shanghai Clean Energy for a cash consideration of RMB 224,557,800, increasing its ownership to 80%[177]. - The company agreed to acquire 100% of the issued share capital of the target company for a consideration of RMB 696,000,000, which represents a 28.5% stake in Xi'an Chanba[178]. Risk Management and Governance - The group actively manages financial risks, including currency, interest rate, price, and credit risks, to safeguard its financial health[84][85][86][87]. - The group has a robust internal control and risk management system in place to ensure effective governance and compliance with corporate governance codes[89][90][91]. - The company has established a risk management and internal control system, with internal audits conducted every three years based on risk assessments[122]. - The company has implemented a whistleblowing system to allow employees and business partners to report misconduct confidentially[124]. - The independent non-executive directors confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[179]. Employee and Board Composition - As of December 31, 2022, the total number of employees is 17,905, with a gender ratio of 59.5% male to 40.5% female, indicating a reasonable balance in gender diversity[95]. - The board of directors consists of six members, with the chairman serving for 5 years and the CEO for 17.5 years, indicating stability in leadership[94]. - The company has three independent non-executive directors, accounting for 50% of the board, with at least one possessing relevant financial expertise[96]. - The company has established a board diversity policy to enhance the diversity of its board members, aiming to appoint at least one director of a different gender by December 31, 2024[95]. - The company’s executive team includes experienced professionals with extensive backgrounds in finance, management, and public service[139]. Market and Operational Outlook - The company is focused on expanding its market presence and enhancing operational efficiency through strategic management and investment initiatives[145][146]. - The leadership team has a diverse background in various sectors, including urban development, finance, and environmental management, which supports the company's multifaceted growth strategy[147][148]. - The company aims to enhance its competitive edge through innovation and strategic partnerships in the coming years[145]. - The company is committed to continuously improving its risk management and internal control systems to maintain their effectiveness[123].

[0 -> 17] 上市控股經營城市流量的APP城市是一個生命體它需要水它需要新陳代謝它需要社交它需要創造價值它需要享受生活它還需要氣質與文化 [17 -> 45] 光鲜亮丽的上海是中国城市的名片全球城市文明的典范我们参与塑造了上海我们是上海城市内嵌的经营城市流量的APP我们从流量运营中获益并且持续投资优化城市的生态系统我们经营着城市的新陈代谢系统疏通上海城市社交汽车流量的主动脉我们为这个城市提供清洁能源我们为这个城市提供办公休闲生活的美好空间 [45 -> 72] 公司的消费业务基于出入境免税店和各类商品的消费是经营城市出入境与商业流量的增值业务上海实业控股是一款不会被卸载不断跨界生长经营城市生态流量的APP通过服务运营城市的各种人口与生态流量获取收益通过投资升级这些流量基础设施布局城市生态中更好的收入流量节点来进一步优化盈利模式分享城市的繁荣与成长 [72 -> 89] 锁定城市水、库费处理等基础生态流量运营付费业务上市控股以叙事待发截至2020年底集团水处理能力达每日1982万吨拥有约250个污水及供水项目是中国水处理行业的龙头企业 [89 -> 107] 库费业务快速壮大2017年战略入股悦峰环保20 ...

Financial Performance - The audited revenue for the year ended December 31, 2022, was HKD 31.349 billion, a decrease of 19.1% compared to the previous year[4] - Shareholders' profit for the year was HKD 2.314 billion, down 38.2% year-on-year[4] - The net profit for the year was HKD 3,329,770, down from HKD 4,112,966 in 2021, resulting in basic and diluted earnings per share of HKD 2.128, compared to HKD 3.429 in 2021[34] - The company reported a total comprehensive loss of HKD 2,564,371 for the year, compared to a comprehensive income of HKD 6,221,289 in 2021[36] - The company’s net profit attributable to shareholders for 2022 was HKD 2,313,924,000, a decrease of 17.2% from HKD 3,745,505,000 in 2021[7] - The gross profit margin decreased by 9.6 percentage points compared to the previous year, primarily due to reduced toll revenue during the pandemic[10] Dividends - The company proposed a final dividend of HKD 0.50 per share, down from HKD 0.54 per share in the previous year, resulting in a total annual dividend of HKD 0.92 per share[4] - The proposed final dividend for the year 2022 is HKD 0.50 per share, down from HKD 0.54 in 2021, resulting in a total annual dividend of HKD 0.92 per share compared to HKD 1.02 in 2021[26] Segment Performance - The infrastructure segment reported a profit of HKD 1.926 billion, representing 76.0% of the group's net profit, a decline of 18.7% from the previous year[5] - Toll revenue from the company's highways and bridges decreased significantly, with total toll revenue of HKD 3.384 billion, down 26.2% year-on-year[8] - The consumer goods segment recorded a profit of HKD 310 million, a decrease of 53.7% year-on-year, accounting for approximately 12.2% of the group's net profit[20] - Nanyang Tobacco's revenue and net profit for the year were HKD 1.431 billion and HKD 182 million, respectively, down 39.8% and 63.5% compared to the previous year[21] - Yongfa Printing achieved revenue of HKD 1.764 billion, a decline of 8.5% year-on-year, with net profit down 33.8%[22] Acquisitions and Investments - The company successfully acquired a 40% stake in Shanghai Pharmaceutical Group for RMB 6.236 billion, aligning with its strategic focus on the health sector[6] - The company increased its stake in Shanghai Clean Energy by 40% for approximately RMB 224 million, now holding a total of 80%[9] - The company processed nearly 14 million tons of waste in 2022, a 26.4% increase from the previous year[13] - The company completed 45.5 billion kWh of electricity generation, a year-on-year increase of 49.7%[14] Operational Challenges - The overall operating environment was impacted by the COVID-19 pandemic, leading to significant challenges in revenue generation and operational stability[4] - The real estate business recorded a profit contribution of HKD 300 million, a year-on-year decline of 66.5%, primarily due to increased funding costs and delays in project sales[16] Future Outlook - The outlook for 2023 indicates a commitment to innovation and upgrading core businesses to improve management efficiency and profitability[24] - The real estate sector outlook remains optimistic due to government support policies, with a focus on optimizing strategic layout and enhancing operational efficiency[24] Financial Position - Total liabilities decreased from HKD 73,631,221 thousand in 2021 to HKD 65,395,878 thousand in 2022, representing a reduction of approximately 11.5%[39] - Total assets as of December 31, 2022, amounted to HKD 193.93 billion, with infrastructure at HKD 67.88 billion, real estate at HKD 112.92 billion, and consumer goods at HKD 7.41 billion[55] - The company’s bank and other loans decreased from HKD 6,641,699 thousand in 2021 to HKD 3,589,367 thousand in 2022, a significant reduction of about 46.0%[39] Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code as of December 31, 2022[30] - The company will hold its annual general meeting on May 25, 2023, to approve the proposed final dividend[27]

Financial Performance - In 2021, the company achieved significant business and profit growth, driven by the recovery of the economy post-pandemic and contributions from various projects[42]. - The company reported a final dividend of HKD 0.54 per share for 2021, an increase from HKD 0.52 per share in 2020, leading to a total annual dividend of HKD 1.02 per share[38]. - The group's audited total revenue for the year ended December 31, 2021, was HKD 38.748 billion, an increase of 42.8% year-on-year, with audited net profit reaching HKD 3.746 billion, up 68.8% year-on-year[43]. - The total net profit for the group reached HKD 1.385 billion, representing a year-on-year increase of 109.1%[58]. - The audited profit attributable to shareholders was HKD 3.746 billion, a significant increase of 68.8% year-on-year, primarily due to the recovery of most business segments after the pandemic[54]. - The total revenue for the year was approximately HKD 38,747.95 million, representing a 42.8% increase compared to HKD 27,137.60 million in 2020[102]. - The company reported a profit attributable to shareholders of HKD 3,745.51 million for the year ended December 31, 2021, an increase of HKD 1,526.63 million or approximately 68.8% compared to 2020[95]. - The company achieved a basic earnings per share of HKD 3.429, reflecting a 70.3% increase from HKD 2.014 in the previous year[93]. Business Segments Performance - The infrastructure business recorded a profit of HKD 2.369 billion, a significant increase of 105.0% year-on-year, driven by increased toll days and economic compensation of RMB 3.553 billion for reduced toll mileage[44]. - The water business reported annual revenue and net profit of RMB 7.267 billion and RMB 706 million, respectively, representing year-on-year increases of 16.2% and 11.1%[43]. - The real estate business achieved a profit of HKD 895 million, up 16.3% year-on-year, with total revenue for the year reaching RMB 11.015 billion, a 73.3% increase from the previous year[43]. - The consumer goods business net profit was HKD 670 million, reflecting a year-on-year increase of 29.2%[43]. - The tobacco segment achieved a revenue of HKD 2.379 billion and a net profit of HKD 499 million, representing increases of 27.4% and 38.2% respectively compared to the previous year[90]. - The printing segment reported a revenue of HKD 1.927 billion, a growth of 15.4%, with a net profit of HKD 187 million, up 11.0% year-on-year[92]. Strategic Initiatives and Future Plans - The company plans to develop a world-class waste-to-energy project in Baoshan, Shanghai, with a capacity of 3,800 tons per day, expected to commence operations in 2022[45]. - The company aims to optimize asset allocation and enhance risk management to create maximum shareholder value amid uncertain economic conditions[49]. - The company plans to continue promoting technological innovation and enhance product development to achieve high-quality growth in 2022[50]. - The company intends to deepen market opportunities and improve operational efficiency in the real estate sector while managing risks effectively[49]. - The company plans to leverage new development opportunities from carbon neutrality initiatives and enhance its market expansion efforts[63]. - The company aims to expand its infrastructure and environmental protection business while steadily developing its real estate business and exploring growth opportunities in consumer products[121]. - The company is actively involved in mergers and acquisitions to strengthen its market position and operational capabilities[179]. Corporate Governance and Risk Management - The company adheres to robust corporate governance principles, ensuring effective risk management and internal controls across its operations[118][119][120]. - The board of directors consists of eight members, with the chairman and CEO being Shen Xiaochu and Zhou Jun, respectively, who have served for 4 years and 16.5 years[123]. - The company has established a professional consultation procedure for directors to seek independent advice, with costs covered by the company[127]. - The company is focused on managing financial risks, including currency, interest rate, price, and credit risks, to ensure sustainable development and protect stakeholder interests[113][114][115][116]. - The company conducted a review of its risk management and internal control systems, confirming no significant discrepancies across subsidiaries[152]. Shareholder Engagement and Communication - The company maintains a communication policy to enhance engagement with shareholders and investors, allowing them to express their opinions and inquiries[154]. - The company actively participated in online investor meetings and roadshows, enhancing communication with investors and media[162]. - The company has established a shareholder meeting procedure to ensure compliance with regulations and facilitate transparent voting processes[155]. Awards and Recognition - The company received multiple awards in 2021, including the "5th China Excellent IR Best Disclosure Award" and the "6th Golden Hong Kong Stock Most Socially Responsible Listed Company Award"[162].

(股份代號 : 363) 年報 2020 Confront All Challenges, Endeavor for Changes 直面滄海 奮進求變 二零二零年 年 報 目錄 | 2 | 公司資料 | | --- | --- | | 3 | 股東資料 | | 4 | 董事長報告書 | | 10 | 關於上實控股 | | 11 | 集團業務結構 | | 12 | 業務回顧、討論與分析 | | 29 | 財務回顧 | | 36 | 企業管治報告 | | 48 | 董事及高級管理人員簡介 | | 52 | 董事會報告書 | | 65 | 獨立核數師報告 | | 70 | 綜合損益表 | | 71 | 綜合損益及其他全面收益表 | | 72 | 綜合財務狀況表 | | 74 | 綜合權益變動表 | | 77 | 綜合現金流量表 | | 80 | 綜合財務報表附註 | | 192 | 財務摘要 | | 193 | 持有作投資之主要物業詳情 | 詞彙 195 公司資料 董事 執行董事 沈曉初先生 （董事長） 周 軍先生 （副董事長及行政總裁） 徐 波先生 （副行政總裁） 許 瞻先生 獨立非執行董事 吳家瑋先生 梁伯韜 ...