港通控股(00032) - 2022 - 年度财报

Financial Performance - The company reported a loss attributable to shareholders of HKD 445.3 million for the year ended December 31, 2022, compared to a loss of HKD 49.2 million in 2021, primarily due to a net loss in financial management business of HKD 861.0 million [7]. - Earnings per share for the year were HKD 1.19, compared to a loss of HKD 0.13 per share in 2021 [7]. - The company declared a final dividend of HKD 0.24 per share for the year, maintaining the total dividend at HKD 0.42 per share, amounting to a total payout of approximately HKD 156.5 million [8]. - Total revenue for the year was HKD 702.2 million, a slight increase from HKD 699.7 million in 2021, with driving school revenue rising to HKD 569.5 million from HKD 540.5 million [44]. - The financial management business recorded a net loss of HKD 861.0 million, which included a fair value loss of HKD 615.0 million on financial assets measured at fair value through profit or loss [45]. Economic Environment - The fifth wave of COVID-19 significantly impacted Hong Kong's economic activities, with GDP contracting by 4.2% in the fourth quarter of 2022 [9]. - The unemployment rate rose to 5.4% in April 2022, but improved to 3.5% by December 2022 [11]. - Global economic growth is expected to slow further, with inflation remaining high, posing risks to the company's overall performance [9]. - The group anticipates that the Hong Kong economy will recover in 2023 due to the reopening of the mainland economy, despite ongoing global economic challenges [18]. Business Operations - The driving school segment saw increased revenue due to higher demand for motorcycle training, despite challenges from the pandemic [11]. - The operating revenue increased by 3% compared to the previous year, driven by higher income from motorcycle driving training courses and stable performance in non-motorcycle training courses [22]. - The group plans to continue diversifying its investment portfolio, focusing on non-listed funds and equity securities, while reducing investments in interest-bearing instruments to minimize credit risk [17]. - The group is focusing on expanding its business from Hong Kong to the Greater Bay Area, targeting opportunities in smart city services [12]. Investment Portfolio - The group's investment portfolio increased slightly to HKD 4,459.0 million as of December 31, 2022, up from HKD 4,310.2 million in 2021, with 87 investments in total [17]. - The investment portfolio included non-listed fund investments of HKD 3,125.6 million, listed and non-listed equity securities of HKD 1,234.0 million, and listed debt securities of HKD 82.8 million [51]. - The investment portfolio's total value increased by HKD 148.8 million during the year, reaching a book value of HKD 4,459.0 million as of December 31, 2022 [51]. - The group aims to enhance shareholder returns by increasing the value of its financial management business through a prudent investment strategy [55]. Governance and Compliance - The company has a strong governance structure, ensuring compliance with the Corporate Governance Code and regular reviews of governance policies [68]. - The board of directors is responsible for the company's governance functions and has conducted annual reviews of governance policies and practices [68]. - The company has established a risk management committee to oversee compliance with licensing conditions related to electronic payment tools [62]. - The company has adopted a code to regulate securities trading by directors, ensuring compliance with the standards set forth in the Securities Code [105]. Environmental, Social, and Governance (ESG) Initiatives - The company has identified significant environmental, social, and governance (ESG) issues and integrated them into its operational strategies, emphasizing the importance of sustainability in investment decisions [128]. - The company has committed to achieving carbon neutrality by 2050, establishing a dedicated team to identify climate impacts and solutions, and setting new greenhouse gas emission reduction targets [130]. - The company aims to reduce its greenhouse gas emission intensity by 3% over the next five years, using 2021 as the baseline year [140]. - The company has implemented measures to promote green practices in daily operations, including energy-saving initiatives and waste reduction strategies [140]. Employee Management - The employee turnover rate for the year was 34%, up from 28% in 2021, primarily due to increased competition for technical personnel in the labor market [30]. - The company provides competitive compensation packages, including medical insurance, retirement plans, and paid leave, to attract and retain talent [171]. - Approximately 66.67% of employees participated in training in 2022, with an average training duration of 7.10 hours per employee [180]. - The company emphasizes equal employment opportunities, ensuring no discrimination based on age, race, gender, or other personal characteristics [172]. Supplier Management - All suppliers are evaluated based on a strict and standardized procurement system, with regular monitoring and assessment conducted [187]. - The group collaborates with 171 local suppliers and 13 overseas suppliers in 2022 [188]. - The group prioritizes local suppliers to reduce greenhouse gas emissions from overseas procurement and transportation [190]. - The group expects suppliers to adopt fair labor practices and demonstrate their commitment to ethical standards [189].