Financial Performance - The consolidated profit attributable to shareholders for the year ended December 31, 2019, was approximately HKD 461.4 million, compared to HKD 471.9 million in the previous year[28]. - Total revenue for 2019 was HKD 5,048 million, a decrease of 36.0% from HKD 7,886 million in 2018[22]. - Revenue from the public utilities segment was HKD 1,413 million, down 2.1% from HKD 1,444 million in 2018[22]. - The pharmaceutical segment reported revenue of HKD 1,903 million, a decline of 26.1% from HKD 2,575 million in the previous year[22]. - Hotel revenue decreased by 17.2% to HKD 106 million from HKD 128 million in 2018[22]. - The electromechanical segment's revenue fell by 9.5% to HKD 1,127 million compared to HKD 1,245 million in 2018[22]. - The electricity business was no longer a subsidiary as of April 2019, resulting in a significant revenue drop of 80.0% to HKD 499 million from HKD 2,494 million in 2018[22]. - The port services segment saw a profit of HKD 82 million, a significant improvement from a loss of HKD 210 million in the previous year[23]. - The pharmaceutical segment generated approximately HKD 1,903,000,000 in revenue with a profit of about HKD 228,000,000 for the year[29]. - The utility business achieved stable performance, with water supply revenue of approximately HKD 349,600,000, a decrease of 8% from HKD 380,500,000 the previous year[43]. - The heating company recorded revenue of approximately HKD 1,063,000,000, remaining stable year-on-year, with a profit increase of 11.6% to about HKD 50,800,000[44]. - The electricity segment contributed a profit of approximately HKD 14,400,000, with total electricity sales of about 3,161,046,000 kWh during the year[40]. - The mechanical and electrical business faced challenges, with a revenue decline of 9.4% to approximately HKD 1,127,300,000, continuing to record losses[33]. - Tianjin Port Development's revenue decreased by 5% to approximately HKD 15,077,400,000, contributing a profit of approximately HKD 81,700,000 to the group, down 9.5% year-on-year[55]. - Otis Elevator (China) reported revenue of approximately HKD 19,007,000,000, a decrease of 0.8%, while contributing a profit of approximately HKD 219,000,000, an increase of 9.4% from the previous year[58]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.0478 per share, maintaining the total dividend for the year at HKD 0.0804 per share, consistent with 2018[28]. - The board proposed a final dividend of HKD 0.0478 per share for the year ended December 31, 2019, maintaining the same level as in 2018, resulting in a total annual dividend of HKD 0.0804 per share[72]. Corporate Governance - The company has a diverse board with members holding various degrees and extensive experience in finance, management, and law[83]. - The independent directors are involved in various committees, ensuring robust governance and oversight within the company[84][87][88][90]. - The board's composition reflects a commitment to maintaining high standards of corporate governance and accountability[84][87][88][90]. - The independent non-executive directors play a crucial role in guiding the company's strategic direction and risk management practices[84][87][88][90]. - The company is focused on enhancing its operational efficiency and market presence through strategic oversight from its experienced board[87][88][90]. - The board consists of 12 members, including 5 executive directors and 5 independent non-executive directors, ensuring diverse professional backgrounds and high ethical standards[187]. - The board is responsible for overall management and regularly discusses strategic matters, including financial statements and risk management strategies[185]. - The company has established a clear division of responsibilities between the chairman and the general manager to maintain a balance of power and ensure accountability[192]. - The company has a whistleblowing channel open to stakeholders for reporting issues, with all cases investigated by an independent disciplinary committee[180]. - The board will continue to monitor and review corporate governance practices to ensure they meet the company's needs[184]. - The board of directors is responsible for corporate governance and has adopted a corporate governance guideline based on governance codes[195]. - Directors act in the best interests of the company and its shareholders, focusing on business strategy, operational issues, and financial performance[196]. - The board holds regular meetings and ensures all members have timely access to relevant information[197]. - Procedures are in place for directors to seek independent professional advice when necessary, with costs covered by the company[197]. - The company's articles of association outline the responsibilities and operational procedures of the board[198]. - Meeting records are prepared by the company secretary, detailing matters considered and decisions made by the board[198]. - The board actively monitors the quality, timeliness, relevance, and reliability of internal and external reporting[196]. - Directors must declare any interests in transactions or proposals considered at board meetings and abstain from voting on related resolutions[197]. - The governance report is part of the annual report, reflecting the company's commitment to transparency and accountability[200]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental, Social, and Governance (ESG) working group to oversee the collection of ESG data and reporting processes[98]. - The ESG report covers significant issues identified through materiality assessments, focusing on public utilities, pharmaceuticals, and electromechanical operations[97]. - The company emphasizes the importance of stakeholder engagement for long-term success and has set up various communication channels to gather feedback from employees, customers, investors, and suppliers[99]. - The company has appointed external consultants for regular independent reviews to ensure effective risk management and internal control systems[98]. - The ESG working group is responsible for monitoring the consistency of business strategies across operational departments and reporting updates to the board[98]. - The company recognizes the need to balance stakeholder opinions and considerations in its business strategy to seize transformation opportunities and maintain sustainability[99]. - The ESG report is prepared in accordance with the Stock Exchange's guidelines, aiming to provide detailed insights into the company's ESG policies and performance[97]. - The company has been actively involved in assessing and managing ESG-related risks to ensure appropriate internal controls are in place[98]. - The report period for the ESG report is from January 1 to December 31, 2019, covering the company's operations during that fiscal year[97]. - The company has engaged employees, shareholders, and service providers in a materiality assessment survey during the reporting period[99]. Environmental Impact and Sustainability - The total chemical oxygen demand (COD) emissions for 2019 were 11.35 tons, a significant decrease from 19.69 tons in 2018[109]. - The total sulfur dioxide (SO2) emissions decreased from 1.12 tons in 2018 to 0.77 tons in 2019[109]. - The total nitrogen dioxide (NO2) emissions increased from 10.07 tons in 2018 to 11.98 tons in 2019[109]. - The total wastewater discharge was 587,121 tons in 2019, down from 637,773 tons in 2018[109]. - The total carbon dioxide equivalent (CO2e) emissions from energy consumption were 580,524.86 tons in 2019, reduced from 661,001 tons in 2018[114]. - Direct emissions (Scope 1) were recorded at 10,233.51 tons, while indirect emissions (Scope 2) were 570,291.35 tons[115]. - The company has implemented various energy-saving measures to reduce carbon emissions[114]. - The company has established an online monitoring system for chemical oxygen demand to ensure compliance with regulatory standards[113]. - The company has adopted thickening technology to reduce wastewater discharge and improve efficiency through water reuse[113]. - The total amount of harmless waste generated from the pharmaceutical category decreased significantly to 661.60 tons in 2019, down from 1,490.80 tons in 2018[116]. - The total amount of hazardous waste increased to 43.30 tons in 2019, compared to 13.88 tons in 2018, primarily due to increased trial production and experiments in the pharmaceutical category[116]. - Direct and indirect energy consumption statistics for 2019 show that natural gas consumption was 4,933,071 cubic meters, an increase from 4,462,891 cubic meters in 2018[122]. - Electricity consumption decreased to 45,231,064.75 kWh in 2019 from 57,138,275.77 kWh in 2018[122]. - Water consumption totaled 2,542,242 tons in 2019, with a density of 726.77 tons per employee, down from 2,855,239 tons and 740.85 tons per employee in 2018[134]. - The total amount of packaging materials used increased to 3,369.42 tons in 2019 from 3,139.51 tons in 2018 due to specific products requiring more packaging[143]. - The company implemented energy-saving measures, including the establishment of an energy management system to monitor and control energy usage[125]. - The company aims to save up to 2,500 tons of steam annually through the implementation of a water circulation system[136]. - The company has replaced halogen bulbs with LED lighting in warehouses to improve energy efficiency[127]. - The company has trained employees to enhance energy-saving awareness and implemented various activities to promote resource conservation[133]. Employee and Community Engagement - The company had a total of 3,498 employees as of the end of the 2019 fiscal year, with an employee turnover rate of approximately 2.05%[153]. - The gender distribution of employees is 70.98% male and 29.02% female, with 98.46% on long-term contracts[154]. - A total of 49,491 training hours were provided to 2,732 employees during the reporting period, averaging 18.14 hours per employee[164]. - The training participation rate was 76.76% for male employees and 81.38% for female employees[165]. - The company lost a total of 205 workdays due to work-related injuries during the reporting period, with no fatalities reported[162]. - The company has implemented a responsible procurement process, considering social and environmental responsibilities of suppliers[170]. - The number of suppliers by region in the 2019 fiscal year included 514 in North China, 83 in Northeast, and 252 in East China[171]. - The company is introducing an accessible "home water delivery service" model to simplify purchasing processes for disabled and elderly individuals[172]. - There were no significant non-compliance issues related to labor practices or product responsibilities during the reporting period[152][167][174]. - The company has established a quality management system in accordance with ISO 9000 standards for its electromechanical category[172]. - The company has donated over RMB 1,000,000 to support disadvantaged groups, improving their health and living standards[181]. - The company received the "2018 Golden Bull Most Investment Value Award" and "Tianjin Most Socially Responsible Enterprise" recognition, reflecting its commitment to corporate governance and investor relations[181]. - The company actively engages in community investment, focusing on supporting vulnerable groups through various charitable activities[180].
天津发展(00882) - 2019 - 年度财报