亚洲金融(00662) - 2024 - 年度财报

Financial Performance - The company reported a significant increase in net profit attributable to shareholders of HKD 647.1 million, up 86.6% from the previous fiscal year[7]. - Insurance revenue grew by 34.0% year-on-year, reaching HKD 3,291.5 million, benefiting from the 65th anniversary of the company[5]. - The operating performance of the insurance segment improved by 70.5%, totaling HKD 369.8 million[5]. - The company achieved a remarkable 125.9% increase in realized gains from investments, amounting to HKD 55.2 million[5]. - Total assets increased by 8.6% to HKD 16,333.6 million, while total liabilities also rose by 8.6% to HKD 4,655.6 million[5]. - Basic and diluted earnings per share rose by 87.4% to HKD 69.7[5]. - The company's net profit attributable to shareholders for the year ended December 31, 2024, was HKD 647 million, an increase of 86.6% compared to the previous year[17]. - Earnings per share for 2024 was HKD 0.697, reflecting an increase of 87.4% year-on-year[18]. - The total dividend per share for the year was HKD 0.145, which is a 61.1% increase compared to the previous year[18]. Insurance Business Performance - The insurance business recorded a profit of HKD 501 million, representing a 106.9% increase year-on-year, driven by strong performance in reinsurance and insurance operations[25]. - Insurance revenue increased by 34.0% compared to 2023, despite geopolitical challenges and economic uncertainties[25]. - The insurance services segment achieved a significant growth of 40.7% compared to the previous year, with optimistic prospects for core business in 2025[26]. Investment Strategy and Market Outlook - The company maintains a cautious and moderately optimistic outlook for 2025, focusing on blue-chip stocks and strategic asset allocation[8]. - The geopolitical tensions and economic conditions are expected to influence market dynamics, with the company adapting its investment strategies accordingly[8]. - The investment strategy focused on developed markets, particularly the US, Japan, and Europe, with a strategic reallocation to Hong Kong and mainland China in the second half of the year, resulting in strong market performance[30]. Corporate Governance and Compliance - The board is committed to maintaining high standards of corporate governance and has complied with all applicable provisions of the Corporate Governance Code for the year ending December 31, 2024, except for a deviation regarding the separation of roles of the chairman and CEO[138]. - The company has established mechanisms to ensure independent viewpoints are obtained, including independent non-executive directors chairing key committees[149]. - The company has policies and guidelines in place to ensure compliance with corporate governance standards and legal regulations[145]. - The company has appointed two compliance officers to oversee compliance functions and report regularly to relevant committees[188]. Environmental, Social, and Governance (ESG) Initiatives - The group has adopted a new baseline year of 2019 for environmental, social, and governance performance assessments to ensure more meaningful comparisons[50]. - The board regularly evaluates environmental, social, and governance (ESG) performance and identifies improvement opportunities to create sustainable value for stakeholders[52]. - A dedicated ESG working committee has been established to guide the company's ESG development and ensure compliance with the latest ESG codes[52]. - The company aims to strengthen its role as a responsible corporate citizen by implementing effective ESG practices and ensuring compliance with regulations[53]. Employee and Workforce Management - The total number of employees as of December 31, 2024, is 374, an increase from 352 employees as of December 31, 2023[45]. - The employee distribution by employment type shows a decrease of 3.4% in full-time employees at Asia Financial, while Asia Insurance saw an increase of 8.2% in full-time employees[70]. - The company emphasizes equal employment opportunities and adheres to all relevant anti-discrimination laws in Hong Kong[68]. - The company has implemented a succession plan to address the aging workforce and ensure talent retention[63]. Risk Management - The company has adopted a risk management policy covering various risks including credit risk, cash flow risk, interest rate risk, and compliance risk[185]. - The risk committee reviews the effectiveness of the risk management system at least annually, including all significant risks and resources allocated to risk functions[186]. - The company’s management is tasked with daily operations and risk identification, ensuring appropriate operational policies are implemented[184]. Community Engagement and Social Responsibility - The total amount donated and sponsored by the company to local and overseas non-profit organizations in 2024 was approximately HKD 7.077 million, an increase of 1% compared to the previous year[124]. - The company aims to conduct at least one corporate social responsibility-themed activity each quarter to enhance social impact and internal engagement[135]. - The company’s volunteer service participation statistics showed a total of 65 participants across its group in 2024[128].