Financial Performance - Total revenue for the fiscal year 2020 decreased by approximately 3.8% to around HKD 127.2 million from HKD 132.2 million in the fiscal year 2019[30]. - Profit for the fiscal year 2020 was approximately HKD 16.0 million, a decrease of about 30.9% compared to HKD 23.1 million in the fiscal year 2019, primarily due to one-time professional fees of HKD 5.8 million related to the transfer to the main board[30]. - Revenue from the book products segment accounted for approximately 83.1% of total revenue, reaching about HKD 105.7 million, compared to HKD 109.3 million in the fiscal year 2019[30]. - Revenue decreased by approximately 3.8% from HKD 132.2 million in FY19 to HKD 127.2 million in FY20, primarily due to a reduction in orders from customers in Hong Kong and the UK[36]. - Overall gross margin decreased from approximately 37.8% in FY19 to 36.1% in FY20, mainly due to intensified market competition in FY20[37]. - Other income fell by 57.7% from approximately HKD 1.6 million in FY19 to HKD 0.7 million in FY20, primarily due to a decrease in government subsidies[38]. - Profit for FY20 was approximately HKD 16.0 million, down from HKD 23.1 million in FY19[48]. - Proposed final dividend for FY20 is HKD 0.005 per share, totaling HKD 5.0 million, compared to HKD 4.0 million in FY19[50]. - The total employee cost for the fiscal year 2020 was approximately 24.5 million HKD, a decrease from 27.4 million HKD in the previous fiscal year, representing a reduction of about 10.6%[70]. - Total profit attributable to the company's owners for the fiscal year 2020 was approximately 16,001,000 HKD, compared to 23,142,000 HKD in 2019, indicating a decline of about 30.7%[87]. Operational Strategies - The company plans to strengthen marketing strategies to expand its quality customer base and promote its one-stop printing services to existing and potential customers in the coming year[32]. - The company aims to further tighten operational expenditure control and streamline production processes while continuing to invest in capacity enhancement to improve overall production efficiency[32]. - The company has reallocated resources to optimize employee structure and streamline production processes in response to increasing demand for high-value products[23]. - The company will continue to focus on maximizing brand value and gaining greater market share in the printing industry amid increasing external competition and internal challenges[23]. - The company plans to continue exploring new business opportunities in various markets and aims to enhance its customer base through strategic measures and increased marketing efforts[49]. Market Contributions - The company recorded revenue contributions from the United States, China (including Hong Kong), the United Kingdom, and the Netherlands, accounting for 23.4%, 44.1%, 8.8%, and 10.5% of total revenue, respectively[31]. ESG and Sustainability - The company emphasizes the importance of prudent environmental and social management for sustainable economic growth[96]. - The board of directors is responsible for overseeing the company's ESG-related risks and opportunities, as well as setting and adopting ESG strategies and goals[96]. - An ESG working group has been established to assist the board in managing and monitoring ESG matters on a daily basis[100]. - The company aims to balance profitability with environmental and social impacts while actively engaging with stakeholders[91]. - The ESG report covers the company's performance in environmental protection, human resources, operational practices, and community engagement for the fiscal year ending December 31, 2020[94]. - The company has committed to continuous improvement in its ESG strategies based on stakeholder feedback and expectations[91]. - The report includes data and information from the company's factory in Heyuan, Guangdong Province, and its Hong Kong office[91]. - The board will continue to review progress against set goals and indicators to enhance the company's sustainability[99]. - The company has established a governance framework to strengthen the management of ESG issues[100]. - Stakeholder engagement is considered crucial for the company's ongoing business success, with efforts made to enhance understanding and communication[101]. Environmental Impact - The company reported a significant reduction in nitrogen oxide emissions, decreasing from 345,844.73 grams in 2019 to 21,222.30 grams in 2020, representing a reduction of approximately 94.1%[110]. - Sulfur oxide emissions also saw a decline from 423.62 grams in 2019 to 277.54 grams in 2020, a decrease of about 34.5%[110]. - The total hazardous waste generated increased from 5.80 tons in 2019 to 9.61 tons in 2020, marking a rise of approximately 65.5%[120]. - The company planted 370 trees at its Heyuan factory, which is expected to reduce greenhouse gas emissions by 8.51 tons[111]. - The total electricity consumption rose from 9,008,627 kWh in 2019 to 10,005,249 kWh in 2020, an increase of about 11.1%[115]. - Carbon emissions from electricity consumption decreased slightly from 8,268.82 tons in 2019 to 8,046.42 tons in 2020, a reduction of approximately 2.7%[115]. - The company achieved a carbon emission density of 0.30 tons of CO2 equivalent per square meter in 2020, compared to 0.28 tons in 2019[115]. - The total area of buildings decreased from 29,517.1 square meters in 2019 to 27,034.1 square meters in 2020, a reduction of about 8.4%[120]. - The company has fully complied with all applicable laws and regulations regarding air emissions and greenhouse gas emissions during the reporting period[109]. - The company has implemented waste reduction strategies at the source to minimize the generation of hazardous and non-hazardous waste[120]. - Total packaging materials used increased to 948.25 tons in 2020 from 901.92 tons in 2019, representing a growth of approximately 5.9%[121]. - Water consumption decreased to 181,834 cubic meters in 2020 from 217,887 cubic meters in 2019, a reduction of about 16.5%[128]. - The density of water consumption improved to 6.68 cubic meters per square meter in 2020 from 7.33 cubic meters per square meter in 2019[128]. - The company emphasizes collaboration with environmentally responsible suppliers to mitigate natural resource consumption in the supply chain[129]. - The company has established a set of energy and water conservation regulations to enhance employee awareness and reduce long-term consumption[126]. - The total building area decreased to 27,034.10 square meters in 2020 from 29,517.10 square meters in 2019, indicating a reduction of approximately 8.4%[121]. - The company continues to monitor climate-related risks and has taken measures to manage potential energy consumption increases due to high temperatures[132]. Employee Management - Employee turnover rate for the reporting period was 28%, with the highest turnover occurring in the 30-39 age group at 32%[140]. - The total number of full-time employees as of December 31, 2020, was 326, with a gender distribution of 42% male and 58% female[138]. - The company implemented energy-saving measures, including limiting air conditioning use and prioritizing energy-efficient equipment purchases[122]. - The company has implemented safety measures and established a safety management system to ensure a safe working environment, achieving ISO 45001 certification for occupational health and safety[143]. - There were no recorded work-related deaths or lost workdays due to injuries over the past three reporting periods[144]. - Employee training participation rates are as follows: 56% male and 44% female[148]. - Average training hours per employee by gender: males 0.63 hours, females 0.73 hours; by employment level: junior 0.80 hours, intermediate 0.48 hours, management 0.86 hours[149]. - The company strictly adheres to labor laws in China and Hong Kong, ensuring no child or forced labor is employed[150]. Corporate Governance - The company has not established a nomination committee as per corporate governance code requirements, with the current chair being an executive director[194]. - The board will continue to monitor and update corporate governance practices to ensure compliance with the governance code[197]. - The board is responsible for overseeing the overall strategy and development of the company, including continuous monitoring and improvement of internal control policies and financial performance evaluation[198]. - Independent non-executive directors provide independent judgment on the group's development, performance, and risk management during board meetings[198]. - The board has established guidelines to clearly define the responsibilities of the board and management, including the approval of significant financial, technical, or human resource investments[198]. - The board must approve major changes to the company's overall policies and objectives, as well as any significant changes to corporate plans[198]. - The company has made appropriate insurance arrangements for its directors and senior officers against potential legal claims[200].
竣球控股(01481) - 2020 - 年度财报