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力鸿检验(01586) - 2022 - 年度财报
01586LEON INSPECTION(01586)2023-04-28 08:48

Company Overview - China Leon Inspection Holding Limited was listed on the Main Board of the Stock Exchange in 2016, becoming the first international leading inspection and testing company in Hong Kong[11]. - The company operates 63 branches and professional laboratories globally, providing services in over 50 types of commodities and natural resources[11]. - The company focuses on four key areas: commodity services, clean energy, environmental protection, and climate change, offering 24/7 one-stop services[11]. - The company has achieved a global network expansion, serving major trading ports in the Asia Pacific and emerging markets in South America and Africa[11]. - The company holds 18 categories of professional qualification certifications worldwide, enhancing its credibility in the industry[11]. Clean Energy and Environmental Services - In the clean energy sector, the company provides quality inspection services for wind power and solar power generation, enhancing the stability of power generation through regular operation and maintenance[12][14]. - The company provides environmental protection consulting and monitoring services, including environmental impact assessments and soil pollution investigations[16]. - LDAR services are crucial for detecting and repairing leaks in various industrial sectors, helping to control raw material costs and reduce environmental pollution[16]. - The company offers comprehensive solutions for climate change, including carbon peak and neutrality advisory services and ESG technical consulting[17]. - The clean energy business served 16 leading customers in the new energy sector, supporting major wind and solar power generation projects[92]. - The environmental protection business maintained a 100% one-time pass rate in expert assessments for environmental protection facilities projects[92]. - The company secured nine new industry-leading customers in the climate change sector, providing technology consulting for methane emission reduction[94]. Financial Performance - The Group recorded revenue of HK944.0millionin2022,representingayear−on−yearincreaseof15.3944.0 million in 2022, representing a year-on-year increase of 15.3%[83]. - Profit for the year reached HK104.8 million, reflecting a year-on-year increase of 16.9%[83]. - Profit attributable to owners of the Company was HK69.4million,markingayear−on−yearincreaseof39.369.4 million, marking a year-on-year increase of 39.3%[83]. - The company's revenue increased by 15.3% from approximately HK818.8 million in 2021 to approximately HK944.0millionin2022[111].−Profitattributabletoownersofthecompanyroseby39.3944.0 million in 2022[111]. - Profit attributable to owners of the company rose by 39.3% from approximately HK49.8 million in 2021 to approximately HK69.4millionin2022[112].ManagementandGovernance−Themanagementteamconsistsofeightdirectors,includingfourexecutivedirectorsandthreeindependentnon−executivedirectors[21].−ThechairmanandCEO,Mr.LiXiangli,hasover33yearsofexperienceintheenergytestingandinspectionfield[26].−Theacting−in−concertdeedamongMr.Li,Ms.Zhang,andMr.LiuwasestablishedonJanuary31,2016,tosupportdecisionsonmaterialmatters[31].−ThecompanyhascompliedwithallcodeprovisionsoftheCorporateGovernanceCodethroughouttheyearendedDecember31,2022,exceptforadeviationfromcodeprovisionC.2.1[156].−Theboardconsistsofeightmembers,includingfourexecutivedirectors,onenon−executivedirector,andthreeindependentnon−executivedirectors[160].StrategicFocusandDevelopment−Thecompanyaimstoempowerglobalindustryleaderstoachieveeco−friendlyandlow−carbontransformationthroughitsservices[11].−Thecompanyemphasizessustainabledevelopmentandfairnessinitsoperations,continuouslyexpandingitsprofessionalservicecapacityincommodityservices[11].−ThecompanyaimstoactivelyseekmergersandacquisitionsopportunitiesintheglobalTICmarkettoprovidesustainablemomentumforbusinessexpansion[105].−Thecompanyemphasizesauniquemergersandacquisitionsapproachthatalignscorporateculturewithlong−termvision[104].−Thecompanyaimstoassistcustomersinachievingagreenandlow−carbontransitionwithafullspectrumofservices[99].CashFlowandFinancialPosition−CashandcashequivalentsrosefromHK69.4 million in 2022[112]. Management and Governance - The management team consists of eight directors, including four executive directors and three independent non-executive directors[21]. - The chairman and CEO, Mr. Li Xiangli, has over 33 years of experience in the energy testing and inspection field[26]. - The acting-in-concert deed among Mr. Li, Ms. Zhang, and Mr. Liu was established on January 31, 2016, to support decisions on material matters[31]. - The company has complied with all code provisions of the Corporate Governance Code throughout the year ended December 31, 2022, except for a deviation from code provision C.2.1[156]. - The board consists of eight members, including four executive directors, one non-executive director, and three independent non-executive directors[160]. Strategic Focus and Development - The company aims to empower global industry leaders to achieve eco-friendly and low-carbon transformation through its services[11]. - The company emphasizes sustainable development and fairness in its operations, continuously expanding its professional service capacity in commodity services[11]. - The company aims to actively seek mergers and acquisitions opportunities in the global TIC market to provide sustainable momentum for business expansion[105]. - The company emphasizes a unique mergers and acquisitions approach that aligns corporate culture with long-term vision[104]. - The company aims to assist customers in achieving a green and low-carbon transition with a full spectrum of services[99]. Cash Flow and Financial Position - Cash and cash equivalents rose from HK150.6 million in 2021 to HK222.3millionin2022,indicatingastrongcashposition[117][122].−NetcashinflowsfromoperatingactivitieswereapproximatelyHK222.3 million in 2022, indicating a strong cash position[117][122]. - Net cash inflows from operating activities were approximately HK176.4 million in 2022, up from HK134.7millionin2021,primarilyduetohigherrevenuegeneration[118][123].−ThegrouphadnetcashoutflowsusedinfinancingactivitiesofapproximatelyHK134.7 million in 2021, primarily due to higher revenue generation[118][123]. - The group had net cash outflows used in financing activities of approximately HK37.0 million in 2022, compared to HK$18.5 million in 2021[119][124]. - The gearing ratio was zero in 2022, as cash and cash equivalents exceeded gross debt, compared to a gearing ratio of 6.51% in 2021[137][138]. - The group maintained a healthy liquidity position throughout the year, ensuring sufficient cash and cash equivalents to meet operational needs[129][131]. Compliance and Risk Management - The company faces foreign exchange risk primarily from cash and cash equivalents and convertible bonds denominated in currencies other than the functional currencies of its entities, mainly HKD and USD[148]. - The company continuously monitors accounts receivable balances and assesses the creditworthiness of existing and potential customers[147]. - The company does not require collateral for its credit transactions[147]. - The company has established mechanisms to ensure independent views and inputs are available to the board, which are reviewed annually for effectiveness[161]. Recognition and Awards - The company has been recognized as one of "Asia's 200 Best Under A Billion" by Forbes for two consecutive years, highlighting its governance and operational capabilities[105].