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南顺(香港)(00411) - 2019 - 年度财报
LAM SOON (HK)LAM SOON (HK)(HK:00411)2019-10-11 08:52

Financial Performance - Revenue for 2019 was HK$ 5,316 million, a slight decrease of 1.08% from HK$ 5,374 million in 2018[10] - Profit attributable to shareholders for 2019 was HK$ 340 million, an increase of 4.29% compared to HK$ 326 million in 2018[10] - Gross profit margin improved to 22% in 2019, up from 21% in 2018[10] - Profit before taxation for 2019 was HK$ 398 million, an increase from HK$ 391 million in 2018[10] - The Group's net profit attributable to shareholders increased by 4% to HK$340 million, while revenue decreased by 1% to HK$5,316 million[14] - The gross margin improved from 21.0% to 21.7% due to favorable raw material costs and an improved product/channel mix[14] - The Group's net profit margin improved by 0.3 percentage points year-on-year to 6.4% despite challenges from the economic environment and rising costs[23] - The group achieved a profit growth of 4% year-on-year, with net profit attributable to shareholders amounting to HK$340 million despite a 1% decline in revenue to HK$5,316 million[24] Dividends and Earnings - The company maintained a dividend per share of HK$ 0.45 for 2019, consistent with the previous year[9] - The total dividend for the year amounts to HK$0.44 per share, marking the fourth consecutive year of double-digit percentage growth in dividend per share[17] - The company reported a basic earnings per share of HK$ 1.60 for 2019, compared to HK$ 1.50 in 2018[9] Market and Product Development - The company is focusing on expanding its market presence in the domestic sector[3] - The company is committed to developing new products and technologies to enhance its offerings[3] - The company aims to explore potential mergers and acquisitions to drive growth[3] - The Group plans to continue investing in talent acquisition, new product development, and e-commerce channel development[19] - The Group plans to introduce new products outside of the dishwashing category, such as laundry care, to transform into a household cleaning company[37] - The Group aims to enhance brand awareness and penetrate further into the national market, particularly in the e-commerce channel[37] Operational Efficiency - The Group's cash balance as of June 30, 2019, was HK$1,318 million, representing a 13% improvement over the previous year[14] - The Group's sales volume increased by 2.6% for the year, but revenue decreased by 1% to HK$5,316 million, primarily due to Renminbi depreciation and rising wheat costs[42] - The Group's gross profit margin improved to 21.7%, up from 21.0% last year, due to favorable raw material costs and improved product mix[42] - The inventory turnover days were 59 days, up from 57 days in 2018, while trade receivable turnover days remained stable at 24 days[47] Environmental Sustainability - The Group has adopted the ISO 14001 Environmental Management System across major operation sites to enhance energy efficiency and emission reduction targets[89] - The Group's sustainability mission emphasizes creating value for stakeholders while balancing environmental and economic considerations[82] - The Group emitted 41,811 tonnes of carbon dioxide equivalent (tCO2eq) during the Reporting Period, with an overall emission intensity of 0.05 tCO2e per tonne of production volume[95] - The Group ensures compliance with the Discharge Limits of Water Pollutants (DB44/26-2001) and the national Integrated Wastewater Discharge Standard (GB 8978-1996)[93] - The Group has established regulations on water management to regulate water consumption practices and promote conservation[119] Employee Engagement and Workforce - The Group had 1,681 employees as of June 30, 2019, with a remuneration policy that includes annual increments and performance bonuses[57] - The workforce is composed of 56% male and 44% female employees[133] - The Group organized various employee engagement activities during the Reporting Period, including the Lam Soon Annual Conference and team-building activities, to enhance employees' sense of belonging[136] - Training needs are identified through appraisal sessions, with courses provided to enhance productivity, employee satisfaction, and career development, covering areas such as occupational health and safety, customer service, and financial budgeting[139] Corporate Governance - The Company has adopted a Code of Corporate Governance Practices based on the HKEx Code, which is reviewed and updated regularly to align with best practices[197] - The Board reported compliance with the HKEx Code for the year ended June 30, 2019, with directors subject to retirement by rotation at least once every three years[198] - Non-executive directors are subject to retirement by rotation and re-election at annual general meetings, meeting the intent of the HKEx Code[199] - The Company adopted the Model Code for Securities Transactions by Directors, ensuring compliance among all directors throughout the year[200] Community Engagement - The Group actively participated in community activities, including sponsoring the Sowers Action Challenging 12 Hours Charity Marathon on October 21, 2018[172] - In January 2019, financial subsidies were provided to underprivileged students in Qingzhou, Shandong Province[175] - The Group maintained its strong tradition of supporting various charitable causes during the reporting period[171] - The Group continues to invest resources in community engagement despite the absence of formal policies[172]