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威华达控股(00622) - 2020 - 年度财报
OSHIDORIOSHIDORI(HK:00622)2021-04-27 08:37

Financial Performance - The audited consolidated profit for the year ended December 31, 2020, was HKD 2,819,500,000, a significant improvement from the audited consolidated loss of HKD 360,000,000 in the previous year[7]. - The return on equity for the year was 28.4%, with basic and diluted earnings per share of HKD 0.4692 and HKD 0.4680, respectively, compared to a loss per share of HKD 0.0619 in the previous year[7]. - The company has achieved its highest profit since its listing, indicating a strong operational performance amidst unprecedented global challenges[8]. - The company's total assets increased by 59.4% to HKD 10,902,500,000 as of December 31, 2020, compared to HKD 6,840,200,000 in 2019[33]. - The net asset value rose by 60.9% to HKD 9,937,200,000 as of December 31, 2020, up from HKD 6,174,500,000 in 2019[33]. - The tactical and/or strategic investment category turned a profit of HKD 3,191,800,000, reversing a loss of HKD 311,800,000 from the previous year, primarily due to significant trading gains[31]. - Interest income from receivable loans increased by 112.6% from HKD 49,400,000 to HKD 105,000,000, driven by rising demand for the company's credit services[28]. - Revenue increased by 174.8% from RMB 5,636 million in 2019 to RMB 15,487 million in 2020[40]. - Gross profit rose by 42.8% from RMB 1,887 million in 2019 to RMB 2,695 million in 2020[40]. Strategic Initiatives - The company is collaborating with Mohegan Gaming & Entertainment to develop a unique proposal for the integrated resort project in Nagasaki, Japan, aiming to become the operator of the resort[9]. - The company is focused on strategic investments and divestments to create value, with a philosophy to identify appropriate investments based on their strategic value and potential returns[11]. - The company has undertaken operational transformations to align with its strategic goals and accelerate future growth initiatives[11]. - Future plans include monetizing tactical and/or strategic investments to pursue the development of integrated resort projects[32]. - The company is optimistic about becoming an operator of the integrated resort in Nagasaki, Japan, as it was shortlisted among the final three candidates[14]. Operational Efficiency and Customer Engagement - The company aims to enhance operational efficiency and customer interaction through a comprehensive approach, fostering open relationships with stakeholders[10]. - The company believes there is significant cross-selling potential among different business areas to enhance revenue sources and customer loyalty[12]. - The company is committed to contributing to the local economy through the development of the integrated resort, enhancing tourism and residential appeal in Nagasaki[9]. - The company emphasizes prudent trading and capital appreciation from its strategically valuable investment portfolio[11]. Business Development and Diversification - The company is applying for licenses to diversify its business portfolio, including futures contract brokerage services and customized margin financing services[12]. - The company aims to expand its customer base by leveraging its established business network and recruiting experienced professionals[13]. - The company plans to enhance its revenue streams by establishing a new company to provide securities margin financing services[20]. - The company is focused on maintaining a prudent approach to credit control in its margin financing business to balance risk and return[22]. Governance and Compliance - The company has complied with all relevant laws and regulations in Bermuda, Hong Kong, China, Japan, the British Virgin Islands, and the Marshall Islands during the reporting period[91]. - The company’s business review and performance analysis for the year ended December 31, 2020, are detailed in the chairman's report and management discussion and analysis sections of the annual report[90]. - The company’s financial performance indicators and key risks faced during the year are discussed in detail in the annual report[90]. - The company has established a clear organizational structure and defined responsibilities to ensure effective governance[158]. - The board of directors consists of 8 members, including 2 executive directors and 3 non-executive directors, ensuring a diverse and independent governance structure[148]. Shareholder Engagement and Communication - The company provides shareholders with detailed information through various communication tools, including annual general meetings and reports[188]. - The company allows shareholders to submit written inquiries to the board through the company secretary[190]. - The company is focused on enhancing communication with investors and maintaining open dialogue with institutional investors and analysts[188]. - The company has a procedure for shareholders to request a special general meeting if they hold at least 10% of the paid-up capital[186]. Employee and Director Compensation - The total employee cost for the group was approximately HKD 57,700,000 in 2020, an increase from HKD 51,500,000 in 2019, with 37 full-time employees as of December 31, 2020[71]. - The employee compensation policy is determined by the remuneration committee based on performance, qualifications, and market comparables[137]. - The company has adopted a share option scheme to reward directors and eligible employees[138]. - The company aims to attract and retain top employees through the share option plans, enhancing performance and efficiency[103]. Environmental, Social, and Governance (ESG) Commitment - The company aims to integrate environmental and social considerations into its business objectives, including reducing greenhouse gas emissions and improving waste management[200]. - The company is committed to maintaining effective ESG risk management and internal control systems[200]. - The company emphasizes the importance of ethical business practices and promoting community engagement[200].