Business Environment and Market Performance - In the fiscal year 2024, the company faced a challenging business environment but demonstrated strong resilience, with Macau's GDP growing by 11.5% year-on-year and total visitor numbers increasing by 23.8%[5]. - The total gaming revenue in Macau reached MOP 226.8 billion, recovering to 77.5% of pre-pandemic levels[5]. - The company anticipates increased demand for infrastructure projects, electromechanical engineering, and facility management due to ongoing urban planning and development in Macau[8]. - The company plans to expand its revenue and market share in Macau, Hong Kong, Australia, Cyprus, and Southeast Asia, with a focus on recovering gaming revenue to pre-pandemic levels[48]. - Significant investments in hardware renovations and upgrades are expected from the six major gaming companies in Macau, following a new gaming operating contract signed at the end of 2022[48]. Financial Performance - The group recorded revenue of MOP 1,506.6 million for the year, a slight increase from MOP 1,496.4 million in the previous fiscal year, with steel structure business revenue reaching MOP 1,113.2 million, up 8.0% from MOP 1,030.4 million[13]. - The steel structure business accounted for 73.9% of total revenue, compared to 68.9% in the previous fiscal year[13]. - Construction business revenue decreased by 15.7% to MOP 391.4 million due to a decline in large construction projects initiated by casino operators and integrated resort operators[13]. - The group’s net profit margin for the year was 0.3%, slightly down from 0.4% in the previous fiscal year[13]. - The overall revenue for the group increased by MOP 10.2 million or 0.7%, totaling MOP 1,506,571,000 in FY2024[19]. Strategic Initiatives and Business Development - The company successfully secured contracts for the maintenance of cultural center facilities and the expansion of a cloud computing center, capitalizing on opportunities from the Macau government's economic diversification efforts[6]. - The company expanded its new materials steel structure business to Macau, Hong Kong, and Southeast Asia, leveraging strategic partnerships for green energy and new materials development[7]. - The group established a strategic partnership with Beijing Construction Machinery Institute to focus on green energy and new materials, enhancing market opportunities in Macau, Hong Kong, Singapore, and Australia[15]. - New project contracts valued at approximately MOP 329.5 million were secured, ensuring a solid foundation for continued business growth in 2025[17]. Sustainability and Environmental Initiatives - The group aims to reduce carbon emissions by 30% by 2030 and achieve carbon neutrality by 2050, with a focus on monitoring emissions intensity in relation to business growth[60]. - The company has received ISO 14001:2015 certification for its environmental management system, demonstrating its commitment to sustainable practices[66]. - The company achieved a reduction in nitrogen oxide emissions from 103.02 kg in 2023 to 75.06 kg in 2024, representing a decrease of approximately 27.2%[70]. - The total direct greenhouse gas emissions (Scope 1) decreased from 48.63 tons CO2 equivalent in 2023 to 44.55 tons in 2024, a reduction of about 8.5%[70]. - The company is actively exploring opportunities in sustainable development projects and seeking green solutions to address sustainability challenges[66]. Employee and Workforce Management - The group had 405 employees as of December 31, 2024, compared to 366 employees in the fiscal year 2023, indicating a growth of approximately 10.67%[47]. - The total number of employees increased to 405 in 2024 from 366 in 2023, with a notable rise in full-time employees from 129 to 238[109]. - Employee turnover rate for males rose significantly to 53% in 2024 from 32% in 2023, while for females it remained relatively stable at 46%[109]. - The company has set a target for female representation in the workforce, aiming for 20% on the board, 25% in senior management, and maintaining at least 17% overall[104]. - The company has established a structured recruitment and termination process based on fair assessment criteria, ensuring compliance with local labor laws[106]. Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance and risk management, as evidenced by the expertise of its independent directors[144]. - The board consists of five directors, including two executive directors and three independent non-executive directors, ensuring a balanced skill set and experience for effective leadership[166]. - The company has adhered to the corporate governance code, maintaining compliance with all relevant standards throughout the year[157]. - The board has established three committees: audit committee, nomination committee, and remuneration committee, to oversee various aspects of the company's affairs[165]. - The company emphasizes a strong corporate culture as a key to achieving sustainable growth and value creation for shareholders and stakeholders[160]. Health and Safety - The company has implemented an ISO 45001:2018 certified occupational health and safety management system to enhance workplace safety[111]. - The company reported a total of 95 workdays lost due to injuries in 2024, with no workdays lost in the Macau engineering sector[118]. - The company has established a safety team to conduct risk assessments and ensure compliance with safety regulations across all projects[111]. - The company has identified extreme weather events as acute physical risks that could threaten employee safety and disrupt operations, implementing measures to mitigate these risks[97]. - The company has implemented measures to mitigate the negative impacts of extreme weather, including securing outdoor equipment and halting hazardous operations during typhoons[98].
澳能建设(01183) - 2024 - 年度财报