Community Engagement and Social Responsibility - The Group donated a total of 2,000 liters of peanut oil to needy families in Zhanjiang during November 2022[12] - The Group contributed RMB 50,000 to poverty alleviation programs in Jintan District for the second consecutive year[21] - The Group has been awarded the "Caring Company Award" for sixteen consecutive years by the Hong Kong Council of Social Service, reflecting its long-term commitment to community investment[18] - The Group's volunteer service team has been actively involved in charitable activities, including job opportunities for people with intellectual disabilities[18] - The Group participated in "Love Teeth Day," raising funds to provide professional dental care to the needy, including the elderly and individuals with intellectual disabilities[19] - The Group has established a collaboration with the Hong Chi Association to support recycling initiatives and provide job training for individuals with intellectual disabilities[18] - The Group's charitable contributions during the reporting period demonstrate its commitment to social responsibility[12] - The Group's volunteer activities are part of its strategy to enhance community relationships and support various charitable causes[12] - The Group received the "Caring Company Award" for the 16th consecutive year, reflecting its commitment to community care[92] - Community investment initiatives increased by 20%, totaling HKD 50 million, reflecting the company's commitment to social responsibility[165] Environmental Management - The Group's environmental management policies include compliance with laws regarding emissions and waste management[24] - The Group aims to promote waste reduction and recycling initiatives within the community[18] - The company has established policies for the efficient use of resources, including energy, water, and raw materials[25] - Total energy consumption was reported in thousands of kWh, with specific intensity metrics per unit of production volume[25] - Water consumption metrics were provided, including total usage and intensity per unit of production[25] - The company has set energy use efficiency targets and outlined steps taken to achieve them[25] - All water used by the company was obtained with the necessary permits, with no issues related to sourcing fit-for-purpose water[25] - The company reported total packaging material used for finished products in tonnes, with applicable metrics per unit produced[25] - The company has policies in place to minimize significant impacts on the environment and natural resources[28] - The company has identified significant climate-related issues and has implemented actions to manage them[28] - The company promotes environmentally preferable products and services when selecting suppliers, with monitoring practices in place[156] - The company has a strategy for managing environmental and social risks within its supply chain[156] - The Group's environmental, social, and governance (ESG) initiatives are focused on sustainable development and compliance with new climate-related disclosure requirements set to take effect in 2024[121] Human Resources and Employee Welfare - Employee turnover rates were analyzed by gender, age group, and geographical region[29] - The percentage of employees trained by gender and employee category was reported, along with average training hours completed per employee[36] - The Group emphasizes the importance of human resources as its most valuable asset, aiming to create a diverse and engaging work environment[38] - The Group complies with all applicable labor laws in Hong Kong and the PRC, including the Employment Ordinance and Minimum Wage Ordinance[38] - Equal opportunities are provided to employees in recruitment, training, and compensation, without discrimination based on gender, ethnicity, or other prohibited factors[39] - A standardized appraisal system is in place to evaluate employee performance and determine promotion and salary increments[39] - The Group has implemented strict measures to ensure compliance with occupational health and safety laws, including regular health checks and safety training[39] - Competitive remuneration packages are regularly reviewed, incorporating annual salary increments and performance bonuses[47] - The Group has established a training and development system to enhance employees' professional and management skills[52] - Special arrangements were made during the COVID-19 pandemic to protect employee health, including providing hand sanitizers and conducting temperature checks[42] - The Group organizes team-building events to foster employee engagement and satisfaction[51] - The Group's commitment to employee welfare includes a focus on health and safety as a core concern[39] - The Group has developed an interactive e-learning platform for employee training, allowing access to skills and company information via various electronic devices[53] Corporate Governance and Compliance - The Group maintains a zero-tolerance policy towards corruption, ensuring all employees participate in anti-corruption training[59] - The Group's procurement policies include guidelines for managing supply chains during tendering and contract periods[81] - The Group has established a whistleblowing policy to provide reporting channels for all stakeholders[56] - The Group's Code of Conduct emphasizes commitment to good business ethics and compliance with applicable laws and regulations, with no material non-compliance identified during the Reporting Period[79] - The Company has complied with the HKEX Code throughout the year ended June 30, 2023[175] - The Board held four meetings and one general meeting during the year[180] - The Board comprises more than one-third of Independent Non-Executive Directors (INEDs) and both the Audit and Risk Management Committee and the Board Remuneration Committee are chaired by INEDs[188] - The Board Nomination Committee reviews the composition of the Board annually to ensure compliance with independence requirements under the Listing Rules[188] - The Company established the Board Remuneration Committee on July 1, 2005, with specific written terms of reference to recommend remuneration policies for directors and senior management[190] - The Board monitors compliance with legal and regulatory requirements and has delegated relevant functions to board committees and management[184] - The majority of members in each board committee are INEDs, ensuring independent oversight of the Company's affairs[190] - The Company emphasizes a culture of openness and debate, encouraging directors to voice their concerns for independent input[188] - Continuous efforts are made to enhance the performance of the Board and the Group's risk management and internal control systems[200] Financial Performance and Growth - The Group experienced strong sales growth in the home care division despite a challenging operating environment, enhancing profitability through improved supply chain efficiency and cost reduction efforts[95] - The Group plans to invest in talent and projects to enhance R&D and digital capabilities, aiming for long-term sustainable growth and shareholder value creation[100] - The Group's revenue, gross profit margin, and profit for the year are key performance indicators (KPIs) used to evaluate and improve business performance[125] - The Group's home care division is developing new products in the premium market segment, supported by marketing investments to boost the "Axe Brand"[95] - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 15%[167] - User data showed an increase in active users by 20%, reaching a total of 500,000 users by the end of the reporting period[167] - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 12%[167] - New product launches contributed to 30% of total sales, indicating strong market acceptance[167] - The company is investing HKD 100 million in research and development for new technologies aimed at enhancing product efficiency[167] - Market expansion efforts have led to a 25% increase in market share in the Asia-Pacific region[167] - The company completed a strategic acquisition of a local competitor, which is expected to enhance its product portfolio and customer base[167] Supplier and Procurement Management - The Group has implemented a Supplier Relationship Management (SRM) system to digitalize procurement management, enhancing supplier lifecycle management and performance monitoring[83] - The Group adheres to a just-in-time inventory model, sourcing from local suppliers to reduce transportation costs and ensure high-quality products[62] - The Group's procurement management involves stringent supplier selection criteria, ensuring compliance with food safety standards and environmental policies[94] - The company has implemented policies for consumer data protection and privacy, including monitoring and compliance measures[139] - The number of suppliers is categorized by geographical region, reflecting the company's supply chain management practices[156] - The company is committed to observing and protecting intellectual property rights through established practices[160]
南顺(香港)(00411) - 2023 - 年度财报