Financial Performance - For the year ended December 31, 2018, the company recorded revenue of approximately HKD 8,500,000, a decrease of about 6.6% compared to HKD 9,100,000 in 2017[8] - The company reported a loss attributable to owners of approximately HKD 106,000,000, compared to a profit of HKD 69,500,000 in 2017[8] - The total comprehensive loss for the year was approximately HKD 104,800,000, compared to total comprehensive income of HKD 67,700,000 in 2017[8] - The liquidity ratio decreased to 170.8 as of December 31, 2018, down from 187.3 in 2017, indicating a decline in short-term financial health[11] - The company recorded a retained profit of approximately HKD 119,402,000 as of December 31, 2018, compared to HKD 123,882,000 in 2017, indicating a decrease of about 3.8%[121] - The company did not recommend the payment of any final dividend for the year ended December 31, 2018, consistent with 2017[22] - No dividends were recommended for the fiscal year ending December 31, 2018[118] Investment Performance - The company held trading investments of approximately HKD 567,200,000 as of December 31, 2018, which accounted for 72.4% of total assets[19] - The company incurred a fair value loss on trading investments of approximately HKD 127,400,000 during the year, compared to a fair value gain of HKD 53,000,000 in 2017[19] - The group recorded an unrealized loss of HKD 127,800,000 from trading investments, compared to a fair value gain of HKD 53,000,000 in 2017, representing a significant decline in performance[32] - Dividend income from trading investments for the year was approximately HKD 3,200,000, up from HKD 2,000,000 in 2017, marking a 60% increase[32] - As of December 31, 2018, trading investments totaled approximately HKD 567,200,000, down from HKD 648,400,000 in 2017, reflecting a decrease of about 12.5%[36] - The total unrealized fair value loss from trading investments was approximately HKD 127,879,000, with total assets valued at HKD 567,246,000, indicating a 72.4% asset concentration in trading investments[36] - The company recorded a fair value loss of approximately HKD 27 million for four suspended securities, with no fair value adjustments made during the review period[92] - The company recorded a fair value loss of HKD 8.2 million related to the suspension of shares of Dinghe Mining Holdings Limited during the review period[92] Business Operations - The company employed approximately 88 staff as of December 31, 2018, a decrease from 93 staff in 2017[23] - The apparel business generated revenue of approximately HKD 5,300,000 in 2018, a decrease of about 19.7% from HKD 6,600,000 in 2017, due to rising material and labor costs[30] - There were no significant acquisitions or disposals during the year under review[21] - The group plans to acquire 51% of Joy Ease Limited, which is expected to expand the property investment portfolio and create stable income sources[31] - The company’s main business remains investment holding, with no significant changes reported in the current year[116] - The company faced no major changes in its primary business operations during the fiscal year[116] Corporate Governance - The company has arranged appropriate directors and officers liability insurance covering losses and liabilities incurred during their tenure[136] - The audit committee held three meetings during the year to review financial reporting matters, ensuring compliance with relevant accounting standards[148] - The independent non-executive directors have confirmed their independence in accordance with the listing rules[144] - The company has not entered into any management contracts related to the business during the year[142] - The company has maintained a commitment to the highest standards of corporate governance throughout the year[147] Environmental, Social, and Governance (ESG) Initiatives - The group has adopted multiple green office measures to enhance energy efficiency and resource utilization[175] - The board is planning to establish an environmental, social, and governance (ESG) working group to improve governance in these areas[179] - The group aims to conduct annual assessments of environmental and social risks to develop timely action plans[180] - The group recognizes the importance of stakeholder engagement in achieving better outcomes for sustainable development[188] - The group emphasizes responsible investment to contribute to the transition to a low-carbon economy[175] - The internal control and review processes are established to ensure the accuracy and reliability of the ESG report[170] - The group is committed to improving its ESG performance through ongoing evaluations and stakeholder feedback[175] - The board is responsible for overseeing the group's policies and performance in environmental, social, and governance matters[179] - The group will seek more ways for broader stakeholder participation and explore other engagement methods[194] Employee Management and Development - The company emphasizes a commitment to creating a work environment that prioritizes employee health, well-being, equal opportunities, and diversity[200] - The employee management system covers policies and measures from recruitment to termination, ensuring a comprehensive approach to employee care[200] - The group has implemented a diversity development policy and anti-discrimination measures to foster an inclusive workplace[199] - The company is dedicated to providing development opportunities that contribute to employee success[200] - The focus on employee training and mentorship programs is part of the company's commitment to workforce development[199] - The group has established a performance evaluation and feedback system to enhance employee growth[199] - The company is committed to equal opportunity policies to ensure fair treatment in the workplace[199] - The group aims to enhance its corporate social responsibility initiatives, reflecting its commitment to stakeholders[194] - The company is exploring new strategies for market expansion and stakeholder engagement[194]
远东控股国际(00036) - 2018 - 年度财报