Financial Performance - For the year ended December 31, 2018, Playmates Holdings Limited reported a global revenue of HKD 733.6 million, a decrease of 27.3% compared to HKD 1,093 million in 2017[13] - The operating profit for the year was HKD 507.7 million, up from HKD 374.9 million in 2017, while the net profit attributable to shareholders was HKD 520.6 million, compared to HKD 282.2 million in the previous year[13] - Basic earnings per share increased to HKD 0.2574 from HKD 0.1354 in 2017, and the net asset value per share was HKD 3.33, slightly up from HKD 3.32 in 2017[13] - Global revenue for the toy segment was HKD 474 million, a decrease of 37% from HKD 758 million in 2017[22] - The group recorded a net profit of HKD 600,000, a significant decrease from HKD 55.8 million in 2017[22] Property Investment - Revenue from property investment and related businesses was HKD 247.5 million, reflecting a 0.8% increase from HKD 245.5 million in 2017[14] - The fair value of the group's investment properties was HKD 5.8 billion, up from HKD 5.5 billion in 2017, with a revaluation surplus of HKD 333.2 million included in the consolidated income statement[14] - The total rental income from investment properties was HKD 206.2 million, an increase of 0.8% from HKD 205.0 million in 2017, with an overall occupancy rate of 77% compared to 80% in 2017[15] - The fair value of the investment portfolio was HKD 97.7 million, down from HKD 119.4 million in 2017, representing 1.2% of total assets[25] Market and Brand Development - Three new brands were introduced in 2018, including "Rise of the Teenage Mutant Ninja Turtles," which successfully launched in the last quarter[8] - The company plans to launch multiple new market-supported brands in 2019 and 2020, despite ongoing trade disputes and economic uncertainties[8] Cost Management and Supply Chain - The company is expanding its supplier base to mitigate rising cost pressures and potential impacts from the US-China trade dispute[7] - The supply chain is vital to the company's operations, with suppliers required to meet stringent selection criteria including security, safety, and product delivery standards[55] Environmental Impact - The total greenhouse gas emissions for the year 2018 amounted to 2,011,044 kg CO2 equivalent, a decrease of 7.6% from 2,177,767 kg CO2 equivalent in 2017[152] - The total packaging material used in 2018 was 1,939 tons, a significant reduction of 43.3% from 3,414 tons in 2017[159] - The company plans to enhance its environmental performance by identifying and managing environmental risks, complying with new regulations, and reducing waste and greenhouse gas emissions[160] Corporate Governance - The company is committed to ensuring compliance with the corporate governance code as outlined in the listing rules[79] - The board consists of three executive directors and five non-executive directors, with four being independent non-executive directors[108] - The company has established a whistleblowing policy for reporting suspected criminal activities, including corruption and money laundering, with no legal actions taken against the company or its employees during the year[175] Risk Management - The company faces various risks including economic and political risks that may impact its strategic execution capabilities[43] - The company has established a risk management and internal control system to identify current risks and has taken necessary measures to mitigate them[50] - The board is responsible for maintaining a comprehensive risk management and internal control system to protect shareholder interests[131] Compliance and Legal Matters - The company has implemented compliance procedures to ensure adherence to relevant laws and regulations, including the Companies Ordinance and the Securities and Futures Ordinance[58] - The auditor assessed the qualifications and objectivity of independent valuation experts for investment property valuations, which are considered critical due to significant judgments involved[184] Employee and Community Engagement - The company encourages employee participation in professional training programs to enhance skills relevant to their job responsibilities[165] - The company supports various charitable organizations, including Tung Wah Group of Hospitals and The Light Fund, encouraging employee participation in local volunteer activities[176]
彩星集团(00635) - 2018 - 年度财报