Financial Performance - Revenue from continuing operations for the year ended December 31, 2024, was HK$50,875,000, a decrease of 88% compared to HK$420,436,000 in 2023[12]. - Loss from operations increased to HK$26,712,000, representing a 378% increase from HK$5,591,000 in the previous year[12]. - Loss attributable to equity shareholders of the Company was HK$33,712,000, up 152% from HK$13,389,000 in 2023[12]. - The total revenue for the Year was approximately HK$50.9 million, representing a decrease of approximately 87.9% compared to approximately HK$420.4 million for the year ended 31 December 2023[29]. - The Group recorded a loss attributable to equity shareholders of approximately HK$33.7 million for the Year, compared to a loss of approximately HK$13.4 million for the year ended 31 December 2023[30]. - Basic loss per share from continuing operations was HK$0.012, a 200% increase from HK$0.004 in 2023[12]. - Diluted loss per share from continuing operations was also HK$0.012, reflecting a 200% increase from HK$0.004 in the previous year[12]. - The Group recorded impairment losses on trade and other receivables of approximately HK$40.5 million for the Year[30]. - Revenue from the semi-conductors business was approximately HK$1.2 million for the Year, a significant decrease from approximately HK$367.0 million for the year ended 31 December 2023[38]. - Revenue from properties development was approximately HK$0.1 million for the Year, down from approximately HK$0.4 million for the year ended 31 December 2023[39]. - Revenue generated from photovoltaic power reached approximately HK$49.5 million for the Year, compared to approximately HK$53.0 million for the year ended 31 December 2023[40]. - Gross profit decreased by approximately HK$6.6 million, or approximately 17.2%, from approximately HK$38.2 million for the year ended 31 December 2023 to approximately HK$31.6 million for the Year[41]. - Administrative expenses increased by approximately HK$6.0 million, or approximately 23.0%, from approximately HK$26.0 million for the year ended 31 December 2023 to approximately HK$32.0 million for the Year[49]. - Other gains, net were approximately HK$6.0 million, representing an increase of approximately HK$28.9 million compared to other losses, net of approximately HK$22.9 million for the year ended 31 December 2023[53][57]. - The income tax expense for the Year was approximately HK$2.5 million, down from approximately HK$4.0 million for the year ended 31 December 2023[61][67]. - The Group's current ratio was 16.7 as of 31 December 2024, compared to 19.0 in 2023[63][69]. - Total capital expenditure for the Year was approximately HK$0.4 million[66][72]. - The Board does not recommend payment of any final dividend for the Year, consistent with the previous year[77][83]. Business Strategy and Development - The Group is actively seeking opportunities to develop new businesses and is evaluating the feasibility of these ventures with various professionals[17]. - The Company has disposed of loss-making businesses to improve cash flow and liquidity, reallocating resources to existing and new business operations[15]. - The Group plans to strengthen efforts in evaluating new business development opportunities through feasibility studies to enhance profitability in the future[78][84]. - The Group focuses on semiconductor business, property development, and photovoltaic power generation, with principal facilities located in the People's Republic of China[94]. Environmental, Social, and Governance (ESG) Initiatives - The ESG Report covers the period from January 1, 2024, to December 31, 2024[96]. - The Board is responsible for overseeing the Group's ESG strategy, including risk management and internal control systems[111]. - The Group's ESG Report adheres to the principles of materiality, quantitative disclosure, and consistency with previous reports[98][103]. - The most material ESG topics guiding the Group's corporate strategy have been validated by the Board[110]. - The Group identified 23 material ESG topics impacting the environment and society through its operations, focusing on emissions, resource use, and climate change strategies[121][124]. - The audit committee, with the internal control team, assesses and manages risks related to environment, human resources, health and safety, and compliance, reporting overall ESG performance annually[116][119]. - The Board tracks and reviews the achievement of ESG objectives at least once a year to bridge the gap between current progress and expectations[117]. - The Group employs a three-step process of identification, prioritization, and validation to manage and report sustainability topics according to their materiality[120][127]. - High-level management provides input on the materiality of ESG topics, scoring their significance to stakeholders and the Group[127][128]. - The ESG Materiality Matrix categorizes topics based on their importance to stakeholders and the Group, identifying high materiality issues[129]. - The ESG working team includes representatives from various departments to ensure diverse expertise in ESG management[115][118]. - The Group's ESG strategy aims to achieve specific goals and targets, with regular reviews to ensure continuous implementation[116][117]. - The Board meets with the ESG working group at least once a year to stay updated on ESG issues and performance[115][118]. Environmental Performance - The Group's air emissions in 2024 included 18.4 kg of Nitrogen Oxides, 0.04 kg of Sulphur Oxides, and 1.8 kg of Particulate Matter, showing a decrease compared to 2023 due to the disposal of the sub-processing cigarette films segment[149]. - The Group did not encounter any incidents of non-compliance with applicable laws and regulations related to air emissions, effluent discharges, noise emissions, greenhouse gases, and waste across all operating regions during the Year[143]. - The Group is committed to managing its environmental impacts through energy-saving, consumption reduction, pollution reduction, and efficiency improvement initiatives[142]. - The Group's environmental management systems ensure strict compliance with regulatory standards and continual improvement towards cleaner practices across its subsidiaries[141]. - The Group's commitment to environmental protection includes regular maintenance of its fleet and machinery to enhance fuel efficiency and reduce emissions[144]. - In 2024, the Group's nitrogen oxides (NOx) emissions decreased to 18.4 kg from 40.3 kg in 2023, representing a reduction of approximately 54.4%[151]. - Sulphur oxides (SOx) emissions were reduced to 0.04 kg in 2024 from 0.1 kg in 2023, a decrease of 60%[151]. - Particulate matter (PM) emissions fell to 1.8 kg in 2024, down from 3.9 kg in 2023, indicating a reduction of about 53.8%[151]. - The total greenhouse gas emissions (Scope I and II) decreased to 290 tonnes CO2 equivalent in 2024 from 451.1 tonnes in 2023, a reduction of approximately 35.7%[162]. - The carbon intensity remained stable at 0.02 tonnes CO2 equivalent per square meter of gross floor area for both 2024 and 2023[162]. - The Group's photovoltaic power sales helped avoid the release of 29,842 tonnes CO2 equivalent of greenhouse gases by replacing fossil fuel electricity[163]. - The Group's carbon footprint is primarily due to electricity usage, which is categorized under Scope II emissions[159]. - The Group's effluent discharges were confirmed as non-material to its operations during the year[153]. - Regular monitoring and testing of effluent discharges ensure compliance with regulatory standards and prevent adverse environmental impacts[153]. - The Group is committed to reducing its carbon footprint through energy reduction initiatives and measures to minimize Scope III emissions throughout its value chain[166]. - The Group targets to reduce GHG emissions intensity (scope I + II) by 3% by the end of 2030, using 2022 as the baseline year[167]. - GHG emission intensity in 2024 remained the same as the baseline year, 2022[169]. - The Group achieved its target for waste intensity generation, aiming to lower waste generated from operations by 3% by the end of 2030 from 2022[184]. - Total non-hazardous waste generated in 2023 was 2,076 kg, with a non-hazardous waste intensity of 0.10 kg per m²[181]. - The Group encourages the use of video conferencing to minimize carbon footprint from overseas business trips[170]. - The Group aims to explore opportunities to replace highly hazardous materials with less hazardous alternatives[172]. - All hazardous waste is treated by authorized contractors, ensuring proper disposal and storage[171]. - The Group emphasizes waste reduction as it creates the least environmental impact[174]. - The Group will continue to monitor electricity usage and follow up on those exceeding normal usage standards[167]. - The Group will allocate additional resources towards sustainable waste management practices[184]. - The Group's total energy consumption for 2024 included 25.4 mWh of direct energy and (52,301) mWh of indirect energy, resulting in a total energy intensity of (4.20) mWh per square meter of gross floor area[187][188][189]. - The Group aims to reduce GHG emissions from electricity purchases by 3% in energy intensity by 2030 from 2022 levels[197]. - The Group's energy profile indicates that fuel used for electricity accounted for 5% of total energy consumption in 2024, excluding electricity sold[187][188]. - The Group has implemented energy-efficient measures, including the installation of LED lighting and cooling systems, and replacing equipment with energy-efficient models[193][195]. - The Group's indirect energy consumption decreased from (53,938.0) mWh in 2023 to (52,301.2) mWh in 2024[189]. - The total energy consumption (direct and indirect) for the Group in 2024 was (51,804.9) mWh, down from (53,890.1) mWh in 2023[189]. - The Group has not encountered any violations of applicable laws and regulations regarding energy and water resource usage during the year[186]. - The Group's facilities primarily source water from municipal supplies, with no issues reported in sourcing fit-for-purpose water[198][200]. - The Group is committed to minimizing water consumption and continues to review the effectiveness of existing initiatives to reduce wastewater[199][200].
顺泰控股(01335) - 2024 - 年度财报