Financial Performance - For the fiscal year ending September 30, 2024, the group's revenue was approximately HKD 736,338,000, representing a growth of about 9.6% compared to HKD 671,750,000 for the previous year[8]. - The group's net profit for the fiscal year was approximately HKD 100,411,000, an increase of about 49.7% from HKD 67,054,000 in the prior year[18]. - Gross profit for the fiscal year was approximately HKD 277,440,000, reflecting a growth of about 32.7% from HKD 209,106,000 the previous year[14]. - Administrative expenses increased by approximately 19.0%, totaling about HKD 103,667,000 compared to HKD 87,143,000 in the previous year, primarily due to rising employee costs[16]. - Sales and distribution costs remained stable at approximately HKD 52,282,000 compared to HKD 51,521,000 in the previous year[15]. - The total dividend for the fiscal year will amount to HKD 0.090 per share, compared to HKD 0.065 per share in the previous year[9]. Capital and Investments - As of September 30, 2024, the company held interest-bearing bank loans of HKD 39,000,000, a decrease from HKD 85,000,000 as of September 30, 2023[26]. - The company's asset-liability ratio as of September 30, 2024, was approximately 7.4%, down from 17.4% as of September 30, 2023[29]. - As of September 30, 2024, the company had capital commitments of approximately HKD 51,347,000 for the acquisition of properties, machinery, and equipment, up from HKD 11,262,000 as of September 30, 2023[33]. - The company has entered into an agreement to purchase machinery and production equipment for a new manufacturing facility in Indonesia for USD 4,250,000 (approximately HKD 33,150,000)[35]. Employee and Management - The company employed a total of 423 employees as of September 30, 2024, an increase from 411 employees as of September 30, 2023[37]. - Employee benefit expenses, including director remuneration, amounted to approximately HKD 109,735,000 for the year ended September 30, 2024, compared to approximately HKD 92,367,000 for the year ended September 30, 2023[37]. - The average training hours per employee was 16.2, with 319 employees receiving training in the fiscal year ending September 30, 2024[198]. - Senior management received an average of 30 training hours, while general employees received an average of 15.4 hours[198]. - The company has a zero-accident and zero-injury goal for its business processes moving forward[193]. Corporate Governance - The board consists of eight members, including four executive directors and four independent non-executive directors[49]. - All directors confirmed compliance with the standard code of conduct for securities trading as of September 30, 2024[45]. - The board held a total of six meetings, with attendance rates for executive directors ranging from 5/5 to 6/6[52]. - Independent non-executive directors provided independent professional judgment on the group's development, performance, and risk management[51]. - The company has established a nomination committee responsible for reviewing the composition and structure of the board[58]. - The company has adopted a policy for the appointment, re-election, and removal of directors, requiring re-election at least every three years[58]. Environmental, Social, and Governance (ESG) - The company is committed to reducing emissions and has established clear short-term and long-term sustainability goals in accordance with government requirements[121]. - The environmental, social, and governance (ESG) framework is integrated into daily operations, with the board responsible for overseeing all ESG matters[133]. - The company aims to enhance its internal data collection mechanisms and gradually expand the scope of disclosures as needed[126]. - The company reported a total greenhouse gas emissions of 2,488 metric tons CO2 equivalent for the year ending September 30, 2024, a decrease of 19.6% from 3,095 metric tons in 2023[161]. - The company achieved ISO 14001:2015 certification for its environmental management system, demonstrating its commitment to sustainable development[157]. Safety and Compliance - The company has implemented a comprehensive safety system to manage health and safety risks, including regular safety training for employees[192]. - The company has developed emergency response solutions for incidents such as fires and chemical leaks to minimize personnel casualties[193]. - The company has established a mechanism for employees to report labor violations, ensuring the protection of labor rights[199]. - The company has a strict policy against employing individuals under the legal working age of 18[199]. - No labor disputes occurred between the company and its employees during the reporting period[199].
星谦发展(00640) - 2024 - 年度财报