Financial Performance - In 2018, the group's revenue was HKD 723,805,000, an increase of approximately 8.8% compared to HKD 665,072,000 in the previous year[9]. - The group's net profit attributable to shareholders for 2018 was HKD 144,128,000, up about 52.7% from HKD 94,417,000 in the previous year[9]. - The hotel business revenue was HKD 69,171,000, a significant increase of approximately 192.7% compared to HKD 23,633,000 in the previous year[9]. - Profit before tax increased to HKD 172.852 million in 2018, up from HKD 124.316 million in 2017, reflecting a significant growth of 39%[191]. - Net profit for the year was HKD 143.420 million, a 52.4% increase from HKD 94.096 million in the previous year[191]. - Basic and diluted earnings per share for the parent company's ordinary shareholders were HKD 0.285 in 2018, compared to HKD 0.187 in 2017, marking a 52.4% increase[191]. - The total comprehensive income for the year was HKD 120.766 million, slightly up from HKD 117.277 million in 2017[195]. Cement Business - The cement business recorded a sales volume of 1,559,000 tons, an increase of approximately 4.8% compared to 1,487,000 tons in the previous year[10]. - The overall cement sales volume in Vietnam reached 65.08 million tons in 2018, an increase of approximately 9% compared to the previous year[10]. - The cement business's after-tax profit was HKD 20,829,000, a decrease of approximately 47% compared to the previous year[10]. - The cement plant consumed 194,885 tons of coal during the fiscal year 2018[39]. - The cement plant consumed approximately 547,808 m³ of water in 2018, primarily sourced from groundwater and rainwater[63]. - The cement plant's total electricity consumption was 3,090,040 kWh, with 99% of light bulbs replaced by LED[69]. Environmental Compliance - The company has established an ISO department in its Vietnam cement plant to ensure compliance with environmental policies[38]. - The company conducts quarterly environmental measurements in accordance with Vietnamese environmental legislation[52]. - The company recognizes the importance of adhering to environmental laws and regulations for sustainable business development[38]. - The installation of the Continuous Emission Monitoring System (CEMS) was completed in May 2018 to monitor gas emissions[56]. - The company is committed to reducing emissions through effective technological measures[43]. - All environmental measurements in 2018 met the national standards set by Vietnam[56]. Employee and Management - The group has approximately 1,200 employees, with total employee costs amounting to HKD 65,536,000 in 2018, a slight increase from HKD 64,635,000 in 2017[34]. - The average training time per employee was 10-12 hours until December 31, 2018[77]. - A total of 1,363 employees participated in 72 training courses at the cement plant, focusing on updated industrial safety practices and technical knowledge[75]. - The hotel achieved a management turnover rate of 61.1%, with a higher rate of 75.4% among supervisory and junior staff[69]. - The company has established a recognized management standard system, certified with ISO 9001:2015, ISO 14001:2015, and OHSAS 18001:2007[85]. Corporate Governance - The company adheres to high standards of corporate governance, emphasizing a high-quality board and effective accountability[89]. - The board of directors consists of eight members, including the chairperson and four executive directors, with independent non-executive directors serving a one-year term subject to re-election[91]. - The audit committee, composed entirely of independent non-executive directors, held two meetings in 2018, reviewing financial reports and discussing accounting matters[102]. - The company has implemented a continuous professional development program for directors, including training on relevant laws and regulations[98]. - The company ensures that all shareholders are treated fairly and equitably, with voting results published on the company and Hong Kong Stock Exchange websites[115]. Investment and Assets - The total value of investment properties held by the group as of December 31, 2018, was HKD 1,130,000,000[170]. - The group owned a hotel property in Hong Kong with a carrying amount of HKD 610,000,000 as of December 31, 2018[172]. - The management assessed the recoverable amount of the hotel property based on fair value less costs to sell, considering estimates such as expected rental rates and discount rates[172]. - Current assets increased significantly from HKD 346,012 thousand in 2017 to HKD 472,279 thousand in 2018, representing a growth of about 36.4%[197]. - Cash and cash equivalents rose from HKD 198,434 thousand in 2017 to HKD 258,703 thousand in 2018, an increase of approximately 30.3%[197].
陆氏集团(越南)(00366) - 2018 - 年度财报