Financial Performance - The company recorded a comprehensive loss attributable to shareholders of HKD 1,200,000,000 for the year ending December 31, 2024, compared to a comprehensive profit of HKD 157,000,000 for the year ending December 31, 2023[7]. - Revenue for the year was HKD 73,000,000, a slight decrease from HKD 75,000,000 in 2023, with property investment business contributing 97% of total revenue[13]. - The group recorded a loss of HKD 1,205,000,000 from its investment in LAAPL, compared to a profit of HKD 174,000,000 in 2023, primarily due to losses from a joint venture in mainland China[18]. - The group's total assets decreased to HKD 9,500,000,000 as of December 31, 2024, down from HKD 11,200,000,000 in 2023, while total liabilities increased to HKD 600,000,000 from HKD 500,000,000[20]. - The equity attributable to shareholders decreased to HKD 9,000,000,000, equivalent to HKD 4.5 per share, down from HKD 10,600,000,000 or HKD 5.3 per share in 2023[21]. - The group reported an employee cost of HKD 11,000,000 for the year, significantly reduced from HKD 23,000,000 in 2023, with a decrease in full-time employees from 27 to 23[22]. - No interim dividend was declared for the year, and the board decided against recommending any final dividend for the year, compared to a final dividend of HKD 0.01 per share in 2023[28]. Business Developments - OUE Limited, a major joint venture, is set to develop Singapore's first zero-energy hotel at Changi Airport, expected to be completed by 2028[5]. - OUE Healthcare Limited acquired a 60% stake in Rehab Matters Private Limited, enhancing its healthcare service offerings[6]. - OUE Real Estate Investment Trust (OUE REIT) sold non-core assets in mainland China, reallocating funds to more strategic uses, with all remaining assets now located in Singapore[6]. - The company aims to continue focusing on value creation and maximizing returns for stakeholders in the face of economic challenges[8]. - The company aims to diversify its business and focus on attractive investment opportunities to enhance and expand its operations while maintaining prudent financial management[25]. Visitor and Market Insights - The number of international visitors to Singapore increased by 21% to 16,500,000 in 2024, contributing positively to the local economy[12]. Corporate Governance and Management - 李國輝先生將於2024年6月7日獲委任為公司行政總裁，任期兩年[35]. - 李棕博士自2015年1月1日起擔任公司執行總裁，並於2024年6月7日調職為副主席[36]. - The company has adopted a written guideline for employees regarding the trading of the company's securities, which is not less stringent than the standard code[85]. - The board of directors consists of eight members, including four executive directors and four non-executive directors, with a majority being independent[86]. - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, to oversee specific matters[91]. - The board is responsible for continuous oversight of risk management and internal control systems[128]. Risk Management - The company has adopted a risk management and internal control system, which was reviewed for effectiveness during the year[110]. - Major risks identified include operational, strategic, compliance, and financial risks, with specific mitigation measures outlined for each category[138]. - The company has implemented a business continuity plan and crisis management procedures to enhance risk management practices[139]. - The company has established a systematic risk management process, including risk assessment standards and matrices to identify and manage risks effectively[135]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development and resource optimization in its operations[76]. - The ESG report for the year ending December 31, 2024, aims to enhance stakeholder understanding of the group's sustainability progress[144]. - The group adheres to the "comply or explain" principle in preparing the ESG report, ensuring transparency and accountability in its disclosures[147]. - The company is committed to enhancing corporate governance through a robust internal control system[127]. - The company is committed to providing high-quality and reliable products and services to build long-term customer relationships[164]. Employee and Workplace Practices - The company has maintained a competitive compensation scheme to attract and motivate employees, regularly reviewing and adjusting it to meet market standards[70]. - Employee well-being is a key focus, with competitive compensation and benefits exceeding legal minimums, including paid leave and health insurance[172]. - The company maintains a strict policy against child labor and forced labor, ensuring compliance during the recruitment process[176]. - The company promotes a culture of diversity and equal opportunity, treating all employees fairly regardless of their background[173]. Sustainability and Environmental Impact - The company aims to minimize environmental impact and promote sustainable practices through strict measures for monitoring and reducing emissions and waste[189]. - Nitrogen oxides emissions decreased from 6.5 tons in 2023 to 1.7 tons in 2024, a reduction of approximately 73.85%[200]. - Total greenhouse gas emissions reduced from 357.4 tons of CO2 equivalent in 2023 to 176.6 tons in 2024, representing a decrease of about 50.59%[200]. - Total energy consumption decreased significantly from 1,305.4 MWh in 2023 to 465.7 MWh in 2024, a reduction of approximately 64.29%[200]. - The company has implemented energy efficiency measures, including automatic lighting controls and energy-saving appliances, to reduce energy consumption[192].
香港华人有限公司(00655) - 2024 - 年度财报