Financial Performance - The total revenue for Playmates Holdings Limited for the year ended December 31, 2020, was HKD 536.3 million, a decrease of 13.9% compared to HKD 622.6 million in 2019[11]. - The operating profit, excluding revaluation losses/gains on investment properties, was HKD 164.9 million, down from HKD 180.4 million in the previous year[11]. - The net loss attributable to shareholders was HKD 507.6 million, compared to a profit of HKD 416.7 million in 2019, resulting in a basic loss per share of HKD 0.2409[11]. - Revenue from property investment and related businesses was HKD 242.1 million, a decrease of 4.0% from HKD 252.3 million in 2019[12]. - The restaurant business revenue decreased by 35.2% to HKD 12.9 million, down from HKD 19.9 million in the previous year[12]. - Global revenue for the toy segment was HKD 289 million, a decrease of 19% from HKD 359 million in the previous year, attributed to reduced sales of "Teenage Mutant Ninja Turtles" and "Ben 10" products[21]. - The gross profit margin for toy sales was 49%, down from 51% in the previous year, mainly due to increased mold and development costs associated with new products[21]. - The group recorded a net loss of HKD 30 million for the toy segment, compared to a net loss of HKD 37 million in the previous year[22]. Investment Properties - The fair value of the group's investment properties was HKD 5.5 billion, down from HKD 6.1 billion in 2019, reflecting a revaluation loss of HKD 647.5 million[12]. - The overall occupancy rate of the investment properties remained stable at 68%[13]. - The group's property management segment reported revenue of HKD 20.9 million, a decrease of 1.9% compared to HKD 21.3 million in the previous year[19]. - The overall occupancy rate for property investments was 68% as of December 31, 2020, unchanged from 2019[68]. Cash and Reserves - As of December 31, 2020, the company's cash and bank balances amounted to HKD 1,475,511,000, a decrease from HKD 1,541,334,000 in 2019[69]. - The company's asset-liability ratio was 10% as of December 31, 2020, compared to 9.3% in 2019[69]. - The company's distributable reserves as of December 31, 2020, were HKD 1,398,723,000, an increase from HKD 1,343,096,000 in 2019[65]. Share Options and Dividends - The company declared an interim dividend of HKD 0.015 per share, totaling HKD 31,577,000, and a special interim dividend of HKD 0.03 per share, totaling HKD 125,400,000[63]. - The company has a total of 8,246,500 share options available under the 2008 plan, representing 0.70% of the issued share capital of the subsidiary[83]. - The company has a total of 48,332,000 share options available under the 2018 plan, representing 4.10% of the issued share capital of the subsidiary[83]. Risk Management - The company has implemented internal controls and systems to protect critical data, including customer and financial information[52]. - The company has a risk management and internal control system in place to identify and mitigate current risks[52]. - Financial risks related to currency, pricing, credit, and liquidity are present in the company's general operations[51]. - The company has faced economic and political risks that could affect its strategic execution capabilities[48]. Corporate Governance - The audit committee, consisting of five non-executive directors, is responsible for reviewing external audit work and internal controls[100]. - The company has adopted the corporate governance code principles and complied with all applicable code provisions as of December 31, 2020[104]. - The board consists of three executive directors, including the chairman, and six non-executive directors, with four being independent non-executive directors[105]. - The company has established a governance structure to ensure effective management and oversight of operations[107]. Environmental Commitment - The total greenhouse gas emissions for 2020 were 1,604,424 kg CO2 equivalent, a decrease of 20.4% from 2,015,693 kg CO2 equivalent in 2019[155]. - The total amount of non-hazardous waste generated in 2020 was 96 tons, a reduction from 120 tons in 2019, indicating a decrease of 20%[156]. - The company aims to reduce its carbon footprint and improve resource efficiency through various environmental measures[152]. - The company has implemented waste management principles of "reduce, reuse, and recycle" in its operations[154]. Compliance and Ethics - The company adheres to ethical business practices and complies with all applicable laws in its operating regions, including anti-corruption measures[176]. - The company has established internal controls and training measures to ensure compliance with relevant regulations and updates[177]. - The company has not faced any legal actions related to bribery or money laundering during the reporting year[177]. Community Engagement - The total amount of charitable and other donations for the year was HKD 371,000, down from HKD 518,000 in 2019[74]. - The company supports community initiatives through charitable donations and encourages employee participation in social services[147].
彩星集团(00635) - 2020 - 年度财报