Financial Performance - Revenue from continuing operations for the six months ended June 30, 2021, was HKD 665,919,000, an increase from HKD 482,807,000 in the same period of 2020, representing a growth of 38%[10] - Gross profit for the same period was HKD 197,320,000, compared to HKD 148,873,000 in 2020, reflecting a gross margin improvement[10] - Operating profit increased to HKD 141,216,000 from HKD 99,437,000 year-on-year, marking a 42% increase[10] - Profit attributable to owners of the company for the period was HKD 83,970,000, significantly up from HKD 15,641,000 in the previous year[10] - Basic and diluted earnings per share for the period were HKD 0.835, compared to HKD 0.155 in the same period last year, indicating a substantial increase[11] - The company reported a total comprehensive income of HKD 89,420,000 for the period, compared to a loss of HKD 4,759,000 in the previous year[11] - The group reported a profit from continuing operations of HKD 83,998,000 for the six months ended June 30, 2021, compared to HKD 54,243,000 for the same period in 2020, reflecting an increase of approximately 54.9%[40] - Other income and net other gains for the six months ended June 30, 2021, amounted to HKD 11,099,000, significantly up from HKD 849,000 in 2020[44] - Total expenses for sales and administrative costs reached HKD 527,160,000 for the six months ended June 30, 2021, compared to HKD 379,567,000 in 2020, indicating an increase of approximately 39%[48] Assets and Liabilities - Total assets as of June 30, 2021, amounted to HKD 1,098,685,000, up from HKD 1,030,811,000 at the end of 2020[14] - Total liabilities decreased slightly to HKD 1,369,463,000 from HKD 1,391,971,000, indicating improved financial stability[15] - The company’s liabilities exceeded its assets by HKD 270,778,000 as of June 30, 2021, indicating financial strain[29] - The group’s total liabilities as of June 30, 2021, were HKD 1,369,463,000, compared to HKD 1,391,971,000 as of June 30, 2020, indicating a decrease of approximately 1.6%[42] - The company’s current ratio improved to 0.74 as of June 30, 2021, compared to 0.65 at the end of 2020[100] Cash Flow - The company reported a net cash flow from operating activities of HKD 13,209,000 for the six months ended June 30, 2021, compared to a net cash outflow of HKD 28,619,000 in the same period of 2020[21] - The company reported a net cash outflow from investing activities of HKD 355,827,000 for the six months ended June 30, 2021, compared to HKD 254,453,000 in the same period of 2020[22] - The financing activities generated a net cash inflow of HKD 340,714,000 for the six months ended June 30, 2021, down from HKD 434,865,000 in the previous year[22] - The company’s cash and cash equivalents increased to HKD 641,849,000 from HKD 664,864,000, showing a strong liquidity position[14] - The total cash and cash equivalents at the end of the period were HKD 641,849,000, a decrease from HKD 756,274,000 at the end of June 2020[22] Business Operations - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[10] - The company is classified as a holding company primarily providing property management services in mainland China[24] - The group has identified its operating segments based on the nature of operations, primarily focusing on property management and hotel consultancy services[37] - The company aims to enhance its property management services by expanding municipal maintenance projects and focusing on non-residential properties such as office buildings and industrial parks[134] - The company has successfully entered the professional security service sector in the first half of 2021, enhancing its overall business competitiveness[94] - The hotel consulting and exhibition services continue to be a crucial part of the company's "one core, two wings" strategy, despite being impacted by the pandemic[95] Strategic Initiatives - The company aims to solidify its strategic positioning as a high-end service platform through the development of property management and related value-added services[94] - The strategic plan "Technology+" is aimed at accelerating digital transformation to improve service quality and operational efficiency[134] - The company plans to expand its property management services by enhancing value-added services and increasing collaboration with independent real estate developers[105] - The exhibition services business is expected to recover as pandemic control measures ease, with anticipated events like the "Aozhu Entrepreneurs Summit" and "Zhuhai International Design Week" returning[109] - The hotel consultancy business will continue to develop, focusing on high-end hotels and expanding its consulting services beyond property developers[111] Employee and Management - As of June 30, 2021, the total number of employees in the group was 7,054, an increase from approximately 6,583 as of December 31, 2020[112] - Employee costs for the six months ended June 30, 2021, amounted to approximately HKD 353,472,000, compared to approximately HKD 270,229,000 for the same period in 2020[112] - For the six months ended June 30, 2021, the remuneration for directors and key management personnel was HKD 2,278,000, an increase of 16% compared to HKD 1,964,000 for the same period in 2020[83] Market Outlook - The company maintains a cautiously optimistic outlook for future business despite the challenging global economic environment due to the COVID-19 pandemic[134] - The company is committed to strengthening its hotel consulting and exhibition services while exploring broader market opportunities[134] Shareholder Information - Major shareholders include Zhuhai Huafa with a 36.88% stake and He Zhicheng with an 8.56% stake in the company[130] - No interim dividend was recommended for the six months ended June 30, 2021, consistent with the previous year[60]

Business Operations - The company sold its financial printing business and related investment holding segment in January 2020[11]. - The group decided not to renew the leasing agreements for two hotels, effective September 1, 2020, thus terminating its hotel property leasing operations[11]. - The company completed the acquisition of Huafa Financial (International) Holdings Limited's entire issued share capital in June 2017, allowing it to engage in regulated activities under the Securities and Futures Ordinance[7]. - The company began providing property management services and related value-added services through its subsidiary in June 2020[11]. - The company expanded into financial advisory services by acquiring Huagao and Sheng Financial Consulting Limited in July 2016[6]. - The company developed new business segments in hotel consulting, hotel management, and exhibition service planning in 2018[10]. - The company established a property leasing framework agreement for Huafa Executive Apartments and Zhuhai Huafa Sheraton Hotel in March 2019[10]. - The company has a primary listing on the Hong Kong Stock Exchange with stock code 982[14]. - The company operates in three main business areas: financial services in Hong Kong, hotel consulting and exhibition services in China, and property management services in China[91]. Financial Performance - The company reported revenue of approximately HKD 1,086,434,000 for the fiscal year ending December 31, 2020, representing a growth of about 14.1% compared to HKD 952,337,000 in 2019[19]. - Profit before tax was HKD 144,089,000, an increase from HKD 117,989,000 in the previous year[19]. - Net profit attributable to shareholders was HKD 95,355,000, up from HKD 79,945,000 in 2019[19]. - Total assets decreased to HKD 1,030,811,000 from HKD 1,174,145,000 in 2019[19]. - Total liabilities increased significantly to HKD (1,391,971,000) from HKD (755,991,000) in the previous year[19]. - The group recorded revenue from continuing operations of approximately HKD 1,086,400,000 for the year ended December 31, 2020, representing an increase of about 14.1% compared to HKD 952,300,000 in 2019[37]. - The profit attributable to the owners of the company for the year was approximately HKD 36,800,000, down from HKD 95,000,000 in 2019, with basic earnings per share from continuing operations at HKD 0.95 compared to HKD 0.79 in 2019[37]. Property Management Services - The company managed a property portfolio covering 27 cities with a total contracted area of approximately 27.6 million square meters as of December 31, 2020[21]. - The company has diversified its property management services to include various public projects, achieving a breakthrough in project types managed[22]. - The "City Manager" service was piloted in Zhuhai, enhancing service offerings and expanding revenue sources[22]. - The company aims to expand its business into new cities, forming strategic partnerships to enhance its influence in the northwest region[21]. - The company plans to continue its strategic transformation and focus on property management as its core business while expanding into hotel consulting and exhibition services[19]. - The company expanded its property management services to 27 cities in China, covering 172 properties with a total construction area of approximately 27.6 million square meters, up from 20 cities and 24.5 million square meters in 2019[31]. - Revenue from property management services reached approximately HKD 1,024.9 million in 2020, an increase from HKD 864.9 million in 2019, with a profit of about HKD 137.4 million compared to HKD 90.8 million in the previous year[31]. Technology and Innovation - The company aims to enhance operational efficiency through technology integration, with over 20 systems consolidated into a management system featuring 56 key performance indicators[26]. - The company is committed to transforming into a community service provider by diversifying its service offerings and enhancing user engagement through technology[24][26]. - The company plans to focus on third-party expansion and non-residential business development as part of its strategic growth initiatives[28]. - The strategic plan includes accelerating information technology development to enhance service quality and operational efficiency[65]. Environmental, Social, and Governance (ESG) - The company aims to continuously optimize and improve its operations in line with environmental, social, and governance (ESG) disclosure requirements[95]. - The report is the fifth environmental, social, and governance report provided by the company, highlighting significant issues affecting its operations[89]. - The company adheres to the guidelines set forth by the Hong Kong Stock Exchange for environmental, social, and governance reporting[96]. - The group reported that hotel consulting and exhibition services accounted for 94% of total greenhouse gas emissions in 2020, with a total emission of 8,138.87 tons of CO2 equivalent[112]. - The group is committed to reducing greenhouse gas emissions from its operations and has implemented energy-saving measures[111]. - The group emphasizes stakeholder engagement, actively communicating with employees, customers, suppliers, and other stakeholders to monitor and manage its environmental and social impacts[104]. - The group has identified key issues for disclosure based on stakeholder assessments, focusing on labor rights, employee retention, and customer service quality[106]. - The group aims to balance business development with ecological protection by identifying environmental impacts and seeking energy-saving opportunities[109]. Employee Management and Development - The group employed a total of 6,583 staff as of December 31, 2020, an increase from 6,076 in 2019, with employee costs for the year amounting to approximately HKD 631,600,000 compared to HKD 551,500,000 in 2019[51]. - The company has implemented various communication channels to enhance employee engagement and feedback, including employee surveys and town hall meetings[143]. - The group has implemented a supplier management system to ensure high-quality service and goods from suppliers, requiring rigorous evaluation before suppliers can be added to the approved list[171]. - The group provides diverse training types, including internal, external, and job rotation training, to enhance employee skills and knowledge[161]. - The company encourages continuous learning and professional development through various training programs and team-building activities[160]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and transparency in its operations[76]. - The group has maintained a high standard of integrity in operations, with no significant legal violations reported during the reporting period[188]. - The company signed a "Clean Business Commitment" to guide employees in adhering to ethical standards and preventing corruption[192]. - The company has established accountability for anti-corruption measures, with senior management responsible for compliance[192]. Awards and Recognition - The company received multiple accolades, ranking 26th among China's top property service companies in 2020, up from 28th in 2019[30]. - The company received the Hong Kong Environmental Excellence Award from the Hong Kong Environmental Campaign Committee[195]. - The company has received multiple awards for its commitment to environmental protection and employee welfare[195].

Financial Performance - Revenue for the six months ended June 30, 2020, was HKD 556,811,000, a decrease of 2.1% compared to HKD 573,829,000 for the same period in 2019[7] - Gross profit for the same period was HKD 183,621,000, down 10.1% from HKD 204,293,000 in 2019[7] - Operating profit decreased to HKD 82,603,000, a decline of 16.3% from HKD 98,652,000 in the previous year[7] - Profit attributable to owners of the company was HKD 15,641,000, a significant drop of 75% compared to HKD 62,634,000 in 2019[7] - Basic and diluted earnings per share for the period were HKD 0.155, down from HKD 0.623 in the same period last year[9] - The company reported a total cash and cash equivalents of HKD 756,274,000 as of June 30, 2020, an increase from HKD 471,245,000 at the end of June 2019[16] - The company’s total revenue for the six months ended June 30, 2020, was significantly impacted by the ongoing economic conditions, leading to a comprehensive loss of HKD 12,729,000[14] - The group recorded a loss attributable to owners of the company of HKD 1,914,000 for the six months ended June 30, 2020, compared to a profit of HKD 62,634,000 in the same period of the previous year[30] - The group reported a profit attributable to owners of the company of approximately HKD 15,641,000 for the six months ended June 30, 2020, down from HKD 62,634,000 in the same period of 2019[105] Assets and Liabilities - Total assets as of June 30, 2020, were HKD 1,159,746,000, a decrease from HKD 1,300,829,000 at the end of 2019[10] - Total liabilities increased to HKD 1,715,460,000 from HKD 755,991,000 at the end of 2019[10] - As of June 30, 2020, the group's liabilities exceeded its assets by HKD 414,631,000, and current liabilities exceeded current assets by HKD 554,272,000[25] - The group's cash and cash equivalents amounted to HKD 756,274,000, while related party payables, bank borrowings, and lease liabilities classified as current liabilities totaled HKD 1,211,043,000[25] - The group’s total liabilities to total assets ratio was approximately 132% as of June 30, 2020, compared to 64% as of December 31, 2019, indicating a significant increase in leverage[106] Cash Flow - The company reported a cash flow from operating activities of HKD 12,209,000 for the six months ended June 30, 2020, a decrease of 81.5% compared to HKD 66,165,000 for the same period in 2019[14] - The net cash flow from financing activities was HKD 441,962,000 for the six months ended June 30, 2020, compared to a net cash outflow of HKD 36,751,000 in the same period of 2019[16] - The company incurred a net cash outflow from investing activities of HKD 254,453,000 for the six months ended June 30, 2020, compared to HKD 2,419,000 in the same period of 2019[14] - The net cash inflow from operating activities for the six months ended June 30, 2020, was HKD 2,505,000, a recovery from an outflow of HKD 14,145,000 in the same period of 2019[54] - The total net cash outflow for the six months ended June 30, 2020, was HKD 4,842,000, an improvement compared to a net outflow of HKD 17,270,000 for the same period in 2019[54] Discontinued Operations - The company reported a loss from discontinued operations of HKD 33,120,000 for the period[7] - The group recorded a net loss from discontinued operations of HKD 33,120,000 for the six months ended June 30, 2020, compared to a loss of HKD 4,187,000 in the same period of 2019[51] - The operating loss for discontinued operations was HKD 34,601,000 for the six months ended June 30, 2020, compared to an operating loss of HKD 4,124,000 for the same period in 2019, indicating a significant increase in losses[53] Strategic Focus and Market Expansion - The company is focusing on market expansion and new product development strategies to improve future performance[6] - The company is focused on expanding its property management services in mainland China, which is a key area of growth[17] - The company aims to enhance its strategic positioning as a high-end service platform through the development of property management and related value-added services[99] - The company aims to expand its property management services, particularly in non-residential properties, and is preparing for potential acquisitions to increase market share[135] - The group plans to enhance its property management services by providing higher quality value-added services and expanding service types to meet increasing customer demands[111] Accounting and Compliance - The company has adopted new accounting standards effective from January 1, 2020, which include the revised financial reporting framework and standards related to business definitions and significant definitions[35] - The group adopted new accounting standards and interpretations consistent with those applied in the annual financial statements for the year ended December 31, 2019[31] - The group has implemented a monitoring system to ensure compliance with statutory liquidity requirements as per Hong Kong laws[123] - The group has not identified any significant non-compliance or violations of relevant regulations in its financial services operations in Hong Kong[124] Employee and Operational Costs - Employee benefit expenses totaled HKD 327,449,000 for the six months ended June 30, 2020, slightly up from HKD 323,866,000 in the same period of 2019[46] - As of June 30, 2020, the total number of employees was 7,137, with employee costs amounting to approximately HKD 327,449,000 for the six months ended June 30, 2020, compared to HKD 323,866,000 for the same period in 2019[117] Shareholder and Dividend Information - The board of directors did not recommend any interim dividend for the six months ended June 30, 2020, consistent with the previous year[118] - Major shareholders include Zhuhai Huafa with a 36.88% stake and He Zhicheng with an 8.56% stake in the company[131] Future Outlook - The company maintains a cautiously optimistic outlook for future business despite the complex operating environment caused by the COVID-19 pandemic[135] - The company is committed to optimizing its business structure and concentrating resources on core operations to create greater value for shareholders[136] - The company will conduct a comprehensive review of its financial services segment to ensure alignment with shareholder interests[135]

== 年度報告2019 ...... ...... ..... ...... ...... ...... ..... 設計概念 本年度年報以「穩固的發展」為主題，採用 金屬色系作主調，帶出踏實、穩重之感； 選紙和金屬色系的配搭相得益彰，凸顯視 覺效果，而簡潔的幾何線條代表多元發 展，讓整體設計傳情達意。 | --- | --- | --- | |-------|-------|--------------------------| | | | | | | | | | | | | | | 2 | 公司里程碑 | | | 5 | 公司資料 | | | 6 | 五年財務概要 | | | 9 | 主席報告書 | | | 13 | 管理層討論及分析 | | | 25 | 董事及高級管理層履歷詳情 | | | | | | | 33 | 環境、社會及管治報告 | | 目錄 | 69 | 董事會報告 | | | 86 | 企業管治報告 | | | 101 | 獨立核數師報告 | | | 108 | 綜合全面收入表 | | | 109 | 綜合財務狀況表 | | | 111 | 綜合權益變動表 | | | 113 | 綜合現金 ...

Financial Performance - Revenue for the six months ended June 30, 2019, was HKD 116,491,000, an increase from HKD 81,049,000 in the same period of 2018, representing a growth of 43.6%[5] - Gross profit for the same period was HKD 52,865,000, compared to HKD 15,624,000 in 2018, indicating a significant improvement in profitability[5] - The operating loss decreased to HKD 1,181,000 from HKD 28,674,000 year-over-year, showing a reduction of approximately 95.9%[5] - Net loss for the period was HKD 4,784,000, a substantial decrease from HKD 29,664,000 in the previous year, reflecting a 83.9% improvement[5] - The company reported a basic and diluted loss per share of HKD 0.019, compared to HKD 0.295 in the same period of 2018, showing a significant reduction in loss per share[5] - The company recorded a pre-tax loss of approximately HKD 3,297,000, significantly improved from a loss of HKD 29,664,000 in the same period of 2018[80] - The overall gross profit margin increased from approximately 19% to about 45% due to increased revenue and reduced cost of sales[82] Assets and Liabilities - Total assets as of June 30, 2019, amounted to HKD 441,325,000, up from HKD 333,291,000 at the end of 2018, marking a growth of 32.5%[7] - Current liabilities increased to HKD 219,976,000 from HKD 124,260,000, indicating a rise of 77.0%[7] - The company reported a total equity of HKD 194,176,000 as of June 30, 2019, compared to HKD 208,928,000 at the end of 2018[9] - The company’s total liabilities increased to HKD 192,156,000 as of June 30, 2019, compared to HKD 194,792,000 at the end of 2018[9] - Non-current assets totaled HKD 33,456,000, an increase from HKD 11,628,000 at the end of 2018, reflecting a growth of 187.5%[7] - The total liabilities as of June 30, 2019, were HKD 158,437,000, up from HKD 78,850,000 as of December 31, 2018, reflecting a growth of 100.9%[37] Cash Flow - The company reported a cash flow from operating activities of HKD 2,371,000 for the six months ended June 30, 2019, compared to a cash outflow of HKD 3,504,000 in the same period of 2018[11] - The net cash used in operating activities was HKD (1,133,000) for the first half of 2019, indicating a significant decrease in cash flow compared to HKD (62,847,000) in the previous year[11] - Total cash and cash equivalents at the end of the reporting period stood at HKD 152,767,000, up from HKD 124,870,000 as of June 30, 2018[11] - As of June 30, 2019, the company's cash and cash equivalents amounted to approximately HKD 152,767,000, up from HKD 129,937,000 at the end of 2018[83] Business Operations - The company is primarily engaged in financial printing services, financial services, hotel management, and event planning services in Hong Kong and mainland China[12] - The group’s operating segments include financial printing services, financial services, and hotel consulting and management[32] - The financial services segment includes securities underwriting, brokerage, asset management, and advisory services[32] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - The company aims to improve the operational efficiency of its financial printing services amid challenging market conditions[91] - The company plans to actively participate in more IPO underwriting projects and equity financing transactions to enhance its market presence and client base[89] - The company has established a team with relevant experience in hotel management and event planning to expand its consulting services beyond financial advisory[90] Shareholder and Governance - As of June 30, 2019, the major shareholder, Zhuhai Huafa, held approximately 36.88% of the company's issued share capital[106] - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange rules[109] - The company has adopted the standard code of conduct for directors' securities transactions as per the listing rules, confirming compliance for the six months ending June 30, 2019[110] - The group has established an audit committee to oversee financial reporting and risk management effectiveness[103] Changes in Management - There have been changes in the board composition, with Mr. Qie Yan resigning as a non-executive director effective June 28, 2019[114] - Mr. Xie Qinfang has been appointed as an executive director effective June 28, 2019[115] Environmental and Social Governance - The company has engaged environmental, social, and governance consultants to assist in the preparation of its ESG report, including scope setting and data collection[111] Other Financial Information - The company did not recommend any interim dividend for the six months ended June 30, 2019, consistent with the previous year[49] - The company’s retained earnings decreased to HKD 16,635,000 as of June 30, 2019, from HKD 18,549,000 at the end of 2018[9] - The company reported a financial expense net of HKD 1,700,000 for the six months ended June 30, 2019, compared to HKD 839,000 in the same period of 2018, indicating an increase of 102.5%[43] - The remuneration for directors and other key management personnel for the six months ended June 30, 2019, was HKD 15,007 thousand, an increase from HKD 12,510 thousand in the same period of 2018[65]

Financial Performance - The company's consolidated revenue increased by 29.3% to approximately HKD 247.3 million in 2018, compared to HKD 191.3 million in 2017[39]. - The net profit attributable to shareholders for the year was approximately HKD 40,000, a decrease from HKD 340,000 in 2017[39]. - The gross profit margin remained stable at approximately 45.6%, consistent with the previous year[39]. - The financial services segment generated approximately HKD 94.2 million in revenue, following the acquisition of Huajin Financial[39]. - The high-end services segment, including hotel management and consulting, contributed approximately HKD 23.6 million in revenue[40]. - The group's revenue for the year ended December 31, 2018, increased by 29.3% to approximately HKD 247.3 million, compared to approximately HKD 191.3 million in 2017[63]. - The profit before tax rose to approximately HKD 4 million, up from approximately HKD 1.2 million in the previous year, primarily due to increased revenue from the financial services segment and the new hotel consulting and management services[63]. Business Strategy and Outlook - The company plans to conduct a comprehensive review of its financial printing business due to losses recorded over the past two years[39]. - The company remains cautiously optimistic about its business prospects despite a challenging external environment[44]. - The group maintains an optimistic outlook for the Hong Kong financial services market despite complex business environments, anticipating benefits from initiatives like the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan" and the "Belt and Road Initiative" in 2019[46]. - The group plans to enhance its core business competitiveness while exploring new investment and development opportunities, including the expansion of financial service offerings and redeployment of financial licenses[49]. - The group aims to enrich and diversify its revenue sources to ensure sustainable development and improve overall operational performance[49]. - The group expects a significant influx of new economy companies from mainland China to choose Hong Kong as their primary listing destination, providing funding for further development[46]. - The group is committed to strengthening the competitiveness of its existing businesses while continuing to seek new opportunities for growth[49]. Acquisitions and Investments - The group completed the acquisition of Huagao and Sheng Financial Advisory Limited, entering the financial advisory services sector, which is regulated under Hong Kong's Securities and Futures Ordinance[55]. - The group acquired all issued shares of HJ Capital (International) Holdings Company Limited, enabling it to conduct regulated activities under the Securities and Futures Ordinance[55]. - The group has integrated operations with Huajin International, creating opportunities for future growth in the Greater Bay Area[59]. Corporate Governance and Social Responsibility - The company has been recognized as a good corporate citizen for over five consecutive years by the Hong Kong Council of Social Service for its commitment to corporate social responsibility[120]. - The company actively participates in various charitable activities, including the "Charity Day" initiative where employees donate their lunch expenses to help those in need[120]. - The company aims to improve its employment practices to meet stakeholder needs and expectations, including regular recruitment talks and job fairs at universities[122]. - The company emphasizes the importance of creating a harmonious work environment and enhancing employee morale through recreational activities[122]. - The company encourages employees to care for community members in need as part of its corporate social responsibility initiatives[120]. - The company has a commitment to continuously optimize and improve its environmental, social, and governance practices as its data collection systems mature[125]. Environmental Impact - The total greenhouse gas emissions increased from 272,416 kg CO2 equivalent in 2017 to 344,920 kg CO2 equivalent in 2018, reflecting a rise due to expanded business activities[135]. - Scope 2 emissions, primarily from purchased electricity, rose from 269,137 kg CO2 equivalent in 2017 to 329,547 kg CO2 equivalent in 2018[135]. - The greenhouse gas emissions density decreased from 157 kg CO2 equivalent per square meter in 2017 to 147 kg CO2 equivalent per square meter in 2018[135]. - The company has implemented energy-saving measures to reduce greenhouse gas emissions and minimize unnecessary overseas business trips[135]. - The company emphasizes the use of environmentally friendly paper and recycling of double-sided waste paper to reduce waste[136]. Employee Development and Workplace Safety - The overall employee turnover rate was 26% in 2018, with the highest turnover among employees under 30 years old at 40%[154]. - The overall training participation rate for employees increased to 100% in 2018 from 99% in 2017[162]. - The average training hours per male employee rose significantly from 12.22 hours in 2017 to 26.72 hours in 2018[166]. - The average training hours per female employee also increased from 14.74 hours in 2017 to 26.86 hours in 2018[166]. - The average training hours for senior management (Assistant General Manager and above) increased from 42.38 hours in 2017 to 60.84 hours in 2018[166]. - The company has implemented a five-day workweek to enhance employee work-life balance[161]. - The company conducted safety inspections and fire safety training to enhance workplace safety awareness[161]. - The company reported no fatalities or work-related injuries during the reporting period, indicating a strong commitment to employee safety[48]. Compliance and Risk Management - The company has a strict policy against employing child or forced labor, complying with relevant laws and regulations[167]. - The company emphasizes the importance of environmental and social risk factors when selecting suppliers, ensuring compliance with local laws and regulations[172]. - There were no significant legal violations affecting the company during the reporting period[161]. - The company has established measures to prevent bribery, fraud, and money laundering, ensuring compliance with relevant laws[54]. Community Engagement - The total community investment in 2018 amounted to HKD 113,000, a significant decrease from HKD 509,000 in 2017, reflecting a 77.8% decline[183]. - The total number of participants in community service activities decreased from 193 in 2017 to 167 in 2018, a reduction of 13.5%[183]. - The total volunteer work hours also declined from 261 hours in 2017 to 219 hours in 2018, representing a 16.1% decrease[183].