Financial Performance - The company reported a significant revenue increase of approximately 26.7%, rising from 1.35 billion MYR in the previous fiscal year to 1.71 billion MYR in the fiscal year ending December 31, 2024[21]. - The company's profit before tax surged to 32.86 million MYR, nearly tripling from 8.54 million MYR in the previous fiscal year[21]. - The gross profit for the fiscal year 2024 was reported at 125.96 million MYR, showing a substantial improvement from 77.08 million MYR in the previous year[9]. - The company achieved a post-tax profit of 21.54 million MYR in fiscal year 2024, a significant increase of approximately 161% from 8.24 million MYR in fiscal year 2023[65]. - The profit attributable to the owners of the company for the fiscal year 2024 is 25.46 million MYR, an increase from 8.54 million MYR in 2023[76]. - The total equity attributable to the owners of the company as of December 31, 2024, is 238.44 million MYR, up from 213.30 million MYR in 2023[79]. - The current ratio improved to 2.3 times in 2024 from 2.0 times in 2023, indicating better liquidity[78]. - The debt-to-equity ratio decreased to 0.35 times in 2024 from 0.48 times in 2023, reflecting reduced borrowings[79]. - The total borrowings as of December 31, 2024, are 76.93 million MYR, down from 98.40 million MYR in 2023[79]. Sales and Production - The total sales volume of ferrous scrap metal reached 949,634 tons, an increase of about 30.9% compared to 725,577 tons in the previous fiscal year[21]. - In the fiscal year 2023, the company sold 725,577 tons of black scrap metal, accounting for 93.4% of total revenue, and is projected to sell 949,634 tons in fiscal year 2024, accounting for 93.2% of total revenue[26]. - The average trading price of black scrap metal decreased by approximately 4.6% from 1,711 MYR per ton in fiscal year 2023 to 1,633 MYR per ton in fiscal year 2024[64]. Operational Efficiency - The company operates multiple scrap yards across Malaysia, covering approximately 61,000 square meters, strategically located to ensure a steady supply of ferrous scrap metal[25]. - The company has a fleet of 95 owned trucks, with 59 trucks having a capacity of 20 tons or more, enabling efficient logistics support for suppliers[25]. - The company remains focused on optimizing procurement strategies and improving operational efficiency to ensure sustainable profit growth[65]. Environmental and Social Responsibility - The company aims to enhance its focus on environmental management, social responsibility, and good governance in response to increasing awareness of sustainable practices[22]. - The company has implemented various energy-saving measures to minimize its carbon footprint and is committed to achieving net-zero emissions in the future[192]. - The company encourages employees to participate in environmental activities to raise awareness about sustainability[184]. - The company has established a waste recycling program, including the collection of paper, metals, and plastics, to enhance waste reuse[181]. - The company is actively monitoring and managing climate-related risks as part of its governance and strategic planning[193]. Governance and Board Structure - The board consists of five executive directors and three independent non-executive directors, with a gender ratio of 7:1 among employees as of December 31, 2024[100]. - The company has fully complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO, which are held by Sia Kok Chin since 2001[92]. - The board has established three committees: Audit and Risk Management Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of the company's affairs[95]. - The company emphasizes the importance of independent directors in providing oversight and strategic guidance[51]. - The board will review and consider separating the roles of chairman and CEO at an appropriate time[92]. Risk Management - The company emphasizes the importance of regular risk assessments and continuous improvement of safety protocols to manage risks in the scrap metal industry[22]. - The board is responsible for maintaining adequate risk management and internal control systems to protect shareholder investments and company assets[139]. - The company has implemented various internal control and risk management policies, including asset depreciation provision management and inventory management policies[139]. ESG Reporting - The company released its seventh ESG report, highlighting sustainability measures and stakeholder concerns for the year 2024[162]. - The report covers the period from January 1, 2024, to December 31, 2024, focusing on the environmental and social impacts of the company's operations in Malaysia[163]. - The board has identified 11 significant ESG-related issues for the reporting period, focusing on energy efficiency, environmental compliance, and corporate governance[171]. Emissions and Energy Consumption - Total greenhouse gas emissions reached 9,683.85 tons of CO2 equivalent in 2024, up from 4,041.07 tons in 2021, representing an increase of 139.5%[200]. - Scope 1 direct emissions from trucks increased to 8,232.39 tons in 2024, compared to 3,057.79 tons in 2021, marking a rise of 169.5%[200]. - Scope 2 indirect emissions from electricity rose to 1,451.46 tons in 2024, up from 983.28 tons in 2021, reflecting an increase of 47.5%[200]. - CO2 emissions per thousand Malaysian Ringgit revenue increased from 0.0028 in 2021 to 0.0057 in 2024, indicating a growth of 103.6%[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二四年十二月三十一日止財政年度的全年業績公告 於本公告內，「我們」及「興合」指本公司（定義見下文）及倘文義另有指明則指本 集團（定義見下文）。 興合控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司 （統稱「本集團」）截至二零二四年十二月三十一日止財政年度（「二零二四年財政年 度」）的年度業績，連同截至二零二三年十二月三十一日止財政年度（「二零二三年 財政年度」）的比較數字如下： 財務摘要 1 • 二零二四年財政年度的收入為1,706.66百萬馬幣（相當於約2,960.89百萬港 元），較二零二三年財政年度的1,346.98百萬馬幣（相當於約2,336.88百萬港 元）增加約26.7%。 • 二零二四年財政年度的毛利為125.96百萬馬幣（相當於約 ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of 865.2 million MYR, a significant increase of approximately 50.5% compared to 574.8 million MYR for the same period in 2023[14]. - The company achieved a net profit of 10.1 million MYR for the first half of 2024, a substantial increase of about 312% compared to 2.5 million MYR in the first half of 2023[16]. - The gross profit increased from 29.6 million MYR in the first half of 2023 to 61.8 million MYR in the first half of 2024, marking a growth of approximately 109.1%, with the gross margin improving from 5.1% to 7.1%[22]. - Operating profit rose to 18,897 thousand MYR, up from 5,843 thousand MYR, marking an increase of 223.5%[55]. - Net profit for the period was 10,114 thousand MYR, compared to 2,452 thousand MYR in 2023, reflecting a growth of 312.5%[55]. - Basic and diluted earnings per share increased to 1.15 sen from 0.25 sen, representing a growth of 360%[55]. Sales and Revenue - The sales volume of black scrap metal reached 471,580 tons in the first half of 2024, representing an increase of about 52.7% from 308,891 tons in the first half of 2023[19]. - In the first half of 2024, the company sold 471,580 tons of black scrap metal, generating revenue of 787,399 thousand MYR, compared to 308,891 tons and 538,630 thousand MYR in the same period of 2023, representing an increase of approximately 52.6% in sales volume and 46.2% in revenue[20][21]. Assets and Equity - Total assets increased to 408.7 million MYR as of June 30, 2024, compared to 382.1 million MYR in the previous year[15]. - The company's equity attributable to owners rose to 224.8 million MYR, up from 213.3 million MYR in the previous year[15]. - As of June 30, 2024, the total equity attributable to owners was 224.7 million MYR, up from 213.3 million MYR as of December 31, 2023, including retained earnings of 140.7 million MYR[31]. Expenses - Distribution and selling expenses surged by approximately 130.9% to 26 million MYR in the first half of 2024, up from 11.3 million MYR in the same period of 2023, primarily due to increased transportation costs related to higher scrap metal sales and new iron ore trading activities[23]. - Administrative expenses rose by 24.8% to 16.7 million MYR in the first half of 2024, compared to 13.4 million MYR in the first half of 2023, mainly due to an increase in office and operational staff and salary adjustments[24]. - The total costs for sales, distribution, and administrative expenses reached 864,191 thousand MYR, up from 569,944 thousand MYR, reflecting a 51.6% increase year-over-year[72]. Liabilities and Borrowings - The company's total borrowings increased to 108.6 million MYR as of June 30, 2024, from 98.4 million MYR as of December 31, 2023, primarily used for the procurement of black scrap metal and capital expenditures[31]. - The asset-to-liability ratio as of June 30, 2024, was 0.50, compared to 0.48 as of December 31, 2023[31]. - Total liabilities rose to 186,041 thousand MYR from 169,516 thousand MYR, an increase of 9.7%[57]. Market Conditions and Challenges - The company anticipates challenges in the global steel industry due to ongoing supply-demand imbalances and geopolitical tensions affecting market conditions[16]. - The Malaysian steel industry continues to face structural challenges, including overcapacity and weak local demand, prompting the establishment of an independent committee to assess the industry's outlook[16]. - The company remains committed to enhancing operational efficiency and maintaining a strong market position despite current market volatility[16]. - The company is focused on strategic initiatives to drive sustainable growth and create value for stakeholders[16]. Employee and Shareholder Information - The total employee cost and related expenses for the six months ended June 30, 2024, amounted to 16.7 million MYR, a 51.8% increase from 11.0 million MYR in the same period last year[47]. - The company employed 374 staff as of June 30, 2024, up from 227 staff a year earlier[47]. - Directors and senior executives collectively hold 681,680,000 shares, representing approximately 68.17% of the company[39]. Cash Flow and Investments - Operating cash flow generated net cash of 25,996 thousand MYR for the six months ended June 30, 2024, compared to a net cash used of (3,525) thousand MYR in the same period of 2023[60]. - The net cash used in investing activities was (5,584) thousand MYR for the six months ended June 30, 2024, compared to (3,273) thousand MYR in the prior year[60]. - The group has committed capital expenditures of 28,576 thousand MYR for the purchase of two adjacent vacant land plots as of June 30, 2024, up from 11,757 thousand MYR as of December 31, 2023, reflecting an increase of approximately 143.5%[106].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二四年六月三十日止六個月之未經審核中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 財務摘要 | | • | 截至二零二四年六月三十日止六個月的收益為 865.2 百萬馬幣，較截至二零 二三年六月三十日止同期的 574.8 百萬馬幣增加 50.5% 。 | | • | 截至二零二四年六月三十日止六個月的毛利為 61.8 百萬馬幣，較截至二零 二三年六月三十日止同期的 ...

（於開曼群島註冊成立的有限公司） 股份代號 : 1891 2023 年度報告 | 目錄 | | --- | | 公司資料 | 2 | 董事會報告 | 53 | | --- | --- | --- | --- | | 五年財務摘要 | 4 | 綜合財務報表的獨立核數師報告 | 74 | | 主席報告 | 6 | 綜合全面收益表 | 80 | | 公司簡介 | 7 | 綜合財務狀況表 | 81 | | 董事及高級管理層團隊 | 9 | 綜合權益變動表 | 83 | | 管理層討論與分析 | 15 | 綜合現金流量表 | 84 | | 企業管治報告 | 21 | 綜合財務報表附註 | 85 | | 環境、社會及管治報告 | 34 | | | 興合控股有限公司 年度報告 2023 公司資料 董事會 執行董事 Sia Kok Chin拿督 （董事會主席兼行政總裁） Sia Keng Leong拿督 Sia Kok Chong先生 Sia Kok Seng先生 Sia Kok Heong先生 獨立非執行董事 Sai Shiow Yin女士 Puar Chin Jong先生 Chu Kheh Wee先生 審核及風險管理委員 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二三年十二月三十一日止財政年度的全年業績公告 於本公告內，「我們」及「興合」指本公司（定義見下文）及倘文義另有指明則指本 集團（定義見下文）。 興合控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱為「本集團」）截至二零二三年十二月三十一日止財政年度（「二零 二三年財政年度」）的年度業績，連同截至二零二二年十二月三十一日止財政年度 （「二零二二年財政年度」）的比較數字如下： 財務摘要 1 • 二零二三年財政年度的收入為1,346.98百萬馬幣（相當於約2,317.98百萬港 元），較二零二二年財政年度的1,404.58百萬馬幣（相當於約2,464.17百萬 港元）減少約4.1%。 • 二零二三年財政年度的毛利為77.08百萬馬幣 ...

Financial Performance - The total revenue for the first half of 2023 was 574.8 million MYR, a significant decrease of approximately 33.8% compared to 868.0 million MYR in the same period of 2022[9]. - The net profit for the first half of 2023 was 2.5 million MYR, down about 68.1% from 7.7 million MYR in the first half of 2022[9]. - The sales volume of black scrap metal decreased to 308,891 tons in the first half of 2023 from 384,646 tons in the same period of 2022, representing a decline of approximately 20%[9]. - The average selling price of black scrap metal per ton was approximately 1,740 MYR in the first half of 2023, down about 17% from 2,095 MYR in the same period of 2022[14]. - Gross profit for the first half of 2023 was 29.6 million MYR, a decrease of 16.1% from 35.3 million MYR in the first half of 2022[18]. - Operating profit decreased significantly to MYR 5,843 thousand, a decline of 55.5% from MYR 13,117 thousand in the prior year[71]. - Net profit for the period was MYR 2,452 thousand, representing a 68.1% decrease from MYR 7,690 thousand in the same period last year[71]. - Basic and diluted earnings per share were MYR 0.25, down from MYR 0.78 in the previous year, reflecting a decline of 67.9%[71]. Expenses and Costs - Distribution and selling expenses decreased to 11.3 million MYR in the first half of 2023, down approximately 14.4% from 13.2 million MYR in the first half of 2022[19]. - Administrative expenses increased to 13.4 million MYR in the first half of 2023, up 15.5% from 11.6 million MYR in the same period of 2022[20]. - Employee costs and related expenses for the six months ended June 30, 2023, amounted to 11.0 million MYR, an increase of 18.3% compared to 9.3 million MYR for the same period in 2022[55]. - The cost of goods sold decreased to 537,908 thousand MYR in 2023 from 824,170 thousand MYR in 2022, representing a reduction of approximately 34.8%[100]. Assets and Liabilities - Total assets as of June 30, 2023, were 315.1 million MYR, an increase from 278.5 million MYR as of December 31, 2022[7]. - Total liabilities increased to MYR 108,902 thousand from MYR 74,676 thousand, a rise of 45.7%[76]. - The total borrowings as of June 30, 2023, amounted to 75.4 million MYR, an increase from 52.3 million MYR as of December 31, 2022[28]. - The debt-to-equity ratio increased to 37.6% as of June 30, 2023, from 26.6% as of December 31, 2022[28]. - Total receivables and other receivables increased to 166,987 thousand MYR as of June 30, 2023, compared to 142,727 thousand MYR at the end of 2022, an increase of about 17.0%[110]. Cash Flow - The net cash used in operating activities was MYR (3,525) thousand, an improvement from MYR (7,717) thousand in the same period of 2022[82]. - The total cash flow from operating activities was 9,367 thousand MYR for the six months ended June 30, 2023, compared to 15,862 thousand MYR in the same period of 2022[136]. - The net cash generated from financing activities was MYR 21,014 thousand, up from MYR 14,659 thousand in the prior year, reflecting increased borrowing[82]. - The total cash and cash equivalents at the end of the period increased to MYR 39,448 thousand from MYR 29,116 thousand year-over-year, representing a growth of 35.5%[82]. Shareholder Information - The total issued shares as of June 30, 2023, amount to 1,000,000,000 ordinary shares[43]. - Major shareholders, including the Sia brothers, collectively hold 581,680,000 shares, representing 58.17% of the total shares[41]. - 5S Holdings, a related entity, holds 341,680,000 shares, accounting for 34.17% of the total shares[47]. - The company has not established any arrangements that would allow directors to benefit from purchasing shares or debt securities in the last six months[46]. Risk and Governance - The company has a robust monitoring system for overdue receivables, with historical trends indicating low default risk as long as credit ratings remain stable[39]. - The company has adhered to the corporate governance code, with no deviations reported except for the combined roles of the Chairman and CEO[53]. - There are no significant adverse changes expected in the business, financial, or economic conditions affecting the ability of receivables to meet obligations[39]. Capital Expenditures and Investments - The company has committed 6,389 thousand MYR for the expansion of its Selangor waste facility, with 5,349 thousand MYR already utilized[61]. - The group has committed capital expenditures of 11,757 thousand MYR for the purchase of two adjacent vacant land parcels as of June 30, 2023[138]. - The total cost of property, plant, and equipment acquisitions was 3,525,247 thousand MYR in 2023, compared to 2,656,854 thousand MYR in 2022, an increase of approximately 32.7%[108]. Taxation - The actual tax rate for the first half of 2023 was 42.8%, up from 36.7% in the first half of 2022, primarily due to an increase in non-deductible expenses[22]. - Income tax expense decreased to 1,995 thousand MYR in 2023 from 4,453 thousand MYR in 2022, a decline of approximately 55.2%[102].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二三年六月三十日止六個月之未經審核中期業績公告 財務摘要 • 截至二零二三年六月三十日止六個月的收益為574.8百萬馬幣，較截至二零 二二年六月三十日止同期的868.0百萬馬幣減少33.8%。 • 截至二零二三年六月三十日止六個月的毛利為29.6百萬馬幣，較截至二零 二二年六月三十日止同期的35.3百萬馬幣減少16.2%。 • 截至二零二三年六月三十日止六個月的本公司擁有人應佔溢利為2.5百萬馬 幣，較截至二零二二年六月三十日止六個月的7.8百萬馬幣減少68.7%。 • 於二零二三年六月三十日，本公司擁有人應佔權益為207.2百萬馬幣，較二 零二二年十二月三十一日的204.8百萬馬幣增加1.2%。 ...

Financial Performance - The company reported revenue of 1.405 billion MYR for the fiscal year 2022, a slight decrease of approximately 1% from 1.418 billion MYR in 2021[16]. - The sales volume of black scrap metal was 675,062 tons in 2022, down about 3.8% from 701,846 tons in the previous fiscal year[16]. - The gross profit for 2022 was 52.329 million MYR, a decline from 77.574 million MYR in 2021[8]. - The net profit attributable to shareholders was 2.381 million MYR, significantly down 90.6% from 25.485 million MYR in 2021[8]. - Total assets as of December 31, 2022, were 278.456 million MYR, slightly down from 280.020 million MYR in 2021[8]. - Total liabilities increased to 74.676 million MYR in 2022 from 73.248 million MYR in 2021[8]. - The net profit after tax for the fiscal year 2022 was 1.48 million MYR, a significant decrease of approximately 94.18% from 25.41 million MYR in the fiscal year 2021[58]. - The average gross profit margin decreased from 5.5% to 3.7%, primarily due to lower selling prices of black scrap metal in the second half of 2022[66]. - Distribution and selling expenses increased by approximately 18% to 25.76 million MYR from 21.78 million MYR in the previous fiscal year[69]. - Administrative expenses rose to 24.95 million MYR in fiscal year 2022 from 22.93 million MYR in fiscal year 2021, mainly due to the acquisition of additional fleets and leased land[70]. - The actual tax rate for fiscal year 2022 was 65.5%, significantly higher than 28.5% in the previous year, due to an increase in non-deductible expenses[71]. - The liquidity ratio (current ratio) was 3.5 times in fiscal year 2022, slightly down from 3.6 times in fiscal year 2021[75]. - The inventory turnover period was 14 days in fiscal year 2022, a slight decrease from 15 days in the previous year, indicating improved logistics efficiency[78]. - The trade receivables turnover period improved to 32 days in fiscal year 2022 from 35 days in the previous year, reflecting stricter control over credit terms[78]. - As of December 31, 2022, the total equity attributable to shareholders was RM 204.76 million, a slight decrease from RM 206.84 million in 2021[79]. - The group's operating cash was RM 149.0 million, down from RM 174.0 million in the previous year, with cash and bank balances at RM 30.66 million[80]. - Total borrowings increased to RM 52.3 million in 2022 from RM 33.4 million in 2021, primarily used for the procurement of ferrous scrap metal and capital expenditures[80]. - The debt-to-equity ratio rose to 26.6% in 2022 from 16.7% in 2021, attributed to additional term loans and increased short-term bank financing[80]. - The expected credit loss rate for trade receivables was 1.1% in 2022, slightly up from 1.0% in 2021, with provisions amounting to RM 1.2 million[89]. - As of December 31, 2022, the group had capital commitments for the acquisition of property, plant, and equipment amounting to RM 11.76 million, compared to RM 10.06 million in 2021[86]. - The group has significant credit risk concentration, with 84% of trade receivables from customers in the ferrous scrap metal sector as of December 31, 2022[90]. Corporate Governance - Heng Hup International Pte. Ltd. holds a 51% stake in Heng Hup Chiho Recycling (Malaysia) Sdn. Bhd. and a 49% stake in other subsidiaries[23]. - The company has a total of 8 board members, including 5 executive directors and 3 independent non-executive directors[26]. - The board of directors consists of five executive directors and three independent non-executive directors, ensuring compliance with listing rules regarding independent director appointments[100]. - The company has adopted a board diversity policy, considering factors such as gender, age, cultural background, and professional experience in board member selection[101]. - As of December 31, 2022, the gender ratio among employees, including senior management, is 9:1, with one female member on the board[104]. - The company has fully complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO[100]. - The nomination committee regularly reviews the board's composition and diversity to maintain operational effectiveness[108]. - All independent non-executive directors have confirmed their independence and possess relevant professional qualifications[109]. - The company has established appropriate liability insurance for its directors and senior management to cover responsibilities arising from corporate activities[98]. - The board has established three committees: audit and risk committee, remuneration committee, and nomination committee to oversee specific areas of governance[96]. - The company emphasizes merit-based appointments for board members while ensuring diversity benefits are considered[101]. - The board's structure is deemed reasonable, with members possessing diverse experiences and skills to maintain high operational standards[108]. - The board held five meetings during the fiscal year ending December 31, 2022, with all directors attending all meetings[117]. - The company provides necessary onboarding training and continuous professional development for all directors to ensure compliance and awareness of regulations[111]. - The board retains decision-making authority over all significant matters, including policies, strategies, budgets, and major transactions[118]. - The chairman and CEO roles are held by Sia Kok Chin, which deviates from the corporate governance code, but the board believes this arrangement benefits the group's management[112]. - The board is committed to reviewing and considering the separation of the chairman and CEO roles at an appropriate time[112]. - The company encourages independent consultation for directors and provides independent professional advice at the company's expense[110]. - The board's governance policies and practices have been reviewed to ensure compliance with legal and regulatory requirements[119]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report for 2022 highlights the company's commitment to sustainability and outlines measures taken to integrate sustainability across its operations[159]. - The report covers the period from January 1, 2022, to December 31, 2022, focusing on the company's core business of procuring recyclable black metal for sale to steel mills[159]. - The board of directors is responsible for overseeing significant environmental and sustainability risks and opportunities, supported by the audit and risk committee[166]. - Stakeholder engagement is emphasized as a key tool for improving business operations and managing related risks[169]. - The company maintains ongoing communication with stakeholders, including shareholders, customers, and regulatory bodies, to gather feedback and address concerns[174]. - The company has implemented various communication channels to connect with different stakeholder groups, ensuring continuous engagement[174]. - The ESG report is prepared in accordance with the Hong Kong Stock Exchange's guidelines, focusing on the company's response to ESG challenges[159]. - The company aims to optimize sustainability initiatives and ensure continuous disclosure of relevant matters for long-term benefits[160]. - In 2022, the company increased its truck fleet to 76 vehicles, up from 67 in 2021, contributing to a total carbon dioxide equivalent emission of 4,917.66 tons[180]. - The company reported a nitrogen oxide (NOx) emission of 21.78 kg and sulfur oxide (SOx) emission of 5.82 kg in 2022, reflecting its ongoing efforts to monitor and reduce emissions[180]. - Water consumption increased to 27,036 cubic meters in 2022, compared to 18,109 cubic meters in 2021, attributed to the return of all employees to the office[187]. - The company’s electricity consumption reached 1,768,964 kWh in 2022, an increase from 1,244,662 kWh in 2021, driven by operational changes post-COVID-19[191]. - Diesel consumption rose in 2022, correlating with the increase in the number of trucks and sales growth, indicating a direct relationship between operational scale and environmental impact[192]. - The company aims to continue implementing water-saving measures and will monitor water usage to set reasonable consumption targets[190]. - The paper consumption decreased significantly in 2022 to 543 kg from 593 kg in 2021, attributed to the successful migration to an ERP system[184]. - The company is committed to adhering to climate-related financial disclosure standards set to take effect in 2025, indicating a proactive approach to environmental governance[194]. Employee Welfare and Development - The management emphasizes the importance of employee welfare and safety, maintaining health and safety protocols established during the COVID-19 pandemic[196]. - The company has implemented a recycling culture among employees, focusing on reducing paper waste and improving overall waste management practices[183]. - The company is committed to providing necessary training and development programs for employees to maximize their potential[199]. - Average training hours per employee have varied significantly by gender and employee category from 2019 to 2022, with male employees receiving 0 hours in 2020, 2021, and 2022[200]. - Female employees had an average of 15 training hours in 2020, but this dropped to 1 hour in 2021 and 2 hours in 2022[200]. - Senior management team members had an average of 6 training hours in 2019, which decreased to 1 hour by 2022[200]. - Middle management team members had an average of 2 training hours in 2019, with a slight increase to 1 hour in 2022[200].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Heng Hup Holdings Limited 興合控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1891） 截至二零二二年十二月三十一日止財政年度的全年業績公告 於本公告內，「我們」及「興合」指本公司（定義見下文）及倘文義另有指明則指本 集團（定義見下文）。 興合控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司及其 附屬公司（統稱為「本集團」）截至二零二二年十二月三十一日止財政年度的年度業 績，連同截至二零二一年十二月三十一日止財政年度的比較數字如下： 財務摘要 • 截至二零二二年十二月三十一日止財政年度的收入為1,404.58百萬馬幣（相 當於約2,464.17百萬港元），較二零二一年的1,418.24百萬馬幣（相當於約 2,488.14百萬港元）減少約0.96%。 ...