Corporate Governance and ESG - The company has established a robust corporate governance framework to ensure effective communication with shareholders and stakeholders, which is reviewed annually [9]. - In 2022, the company actively implemented various measures at the operational level to achieve its environmental, social, and governance (ESG) goals, with senior management empowered to collect and analyze ESG data [22]. - The board anticipates steady progress in achieving established ESG objectives through regular reporting from senior management [22]. - The company has adopted a comprehensive corporate social responsibility policy that guides its business and operational decisions, focusing on four key areas: workplace, operational practices, community, and environment [21]. - The board is committed to reviewing and approving the company's ESG management policies and performance at least once a year [20]. - The governance framework is aligned with the company's business direction and is essential for the successful implementation of sustainable development strategies [20]. - The company emphasizes the importance of diversity in its governance structure, considering various aspects such as professional experience, business perspectives, and cultural backgrounds [7]. - The company has established communication channels with stakeholders, including annual general meetings and financial reports, to ensure transparency and information disclosure [26]. - The company has conducted a materiality assessment to identify key ESG issues that significantly impact its business and stakeholders [27]. - The company has established internal controls and formal review procedures to ensure the accuracy and reliability of its environmental, social, and governance reports [51]. - The company reported a significant focus on environmental, social, and governance (ESG) factors, integrating them into its business strategy to ensure sustainable development [91]. - The company conducted a materiality assessment to gather stakeholder opinions on ESG issues, prioritizing significant topics for sustainable development [91]. - The company has adopted comprehensive policies for corporate social responsibility, guiding its operational decisions [91]. Financial Performance - The total revenue for the group in 2022 was approximately HKD 2,706,963,000, compared to HKD 1,224,263,000 in 2021, representing an increase of about 121.5% [33]. - The company’s distributable reserves as of December 31, 2022, were HKD 712,000,000, down from HKD 1,338,300,000 in 2021 [74]. - The group reported a total impairment loss of approximately HKD 427 million for development properties and completed properties for sale as of December 31, 2022 [193]. - The group's property sales revenue for the year ended December 31, 2022, was approximately HKD 2,681 million, with about HKD 757 million recognized over a period of time [191]. - The group’s financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards and reflect a true and fair view of the group's financial position as of December 31, 2022 [199]. Environmental Impact and Sustainability - The greenhouse gas emissions density decreased by approximately 44.19% in 2022 compared to 2021, attributed to various factors including changes in emission factors and effective implementation of measures [32]. - The total direct energy consumption in mainland China for 2022 was 2,907.41 kWh, while the total indirect energy consumption was 8,875,470.86 kWh, leading to a total energy consumption of 8,878,378.27 kWh [39]. - The waste management strategy includes a focus on reducing hazardous waste, with the group ensuring that all contractors legally handle and dispose of waste [34]. - The group aims to minimize the environmental impact of its operations by implementing various green practices, including the use of online meetings to reduce unnecessary travel [31]. - The total harmless waste generated in Hong Kong in 2022 was 1.18 tons, with a waste density of 0.08 tons per employee [36]. - The group has set specific guidelines to manage its environmental impact, focusing on emissions, resource use, and climate change [31]. - The group emphasizes water conservation, with efforts to minimize unnecessary water consumption in its operations [37]. - The group actively monitors contractor emissions and requires compliance with its emission control measures [32]. - The group continues to seek effective water-saving methods and prioritizes water conservation in its operations [39]. - Total water consumption in mainland China for 2022 was 409,654.83 cubic meters, a slight decrease from 409,746.98 cubic meters in 2021 [41]. - Water consumption density per employee in mainland China was 6,024.34 cubic meters, compared to 4,936.71 cubic meters in 2021, indicating an increase [41]. - The total harmless waste density decreased by approximately 60.00% in 2022 compared to 2021, attributed to various factors including project nature and effective waste management measures [64]. - The company aims to continue monitoring and improving its greenhouse gas emissions and environmental sustainability measures [46]. - The company plans to adopt measures to encourage water conservation, including installing infrared sensor faucets and regular checks of water supply systems [69]. Community Engagement and Social Responsibility - The group has established a community investment policy to support sustainable community development through donations and sponsorships, with continued support for local charitable initiatives in 2022 [138]. - The group is focused on enhancing its community engagement efforts to better meet local needs and contribute to social welfare, education, health, and culture [138]. - The company did not make any charitable donations in 2022, consistent with 2021 [75]. Risk Management and Compliance - The company is actively monitoring financial risks and external factors affecting its operations, including environmental and social risks [90]. - The company has implemented a whistleblowing procedure for employees to report misconduct confidentially, ensuring accountability and transparency [89]. - The group has established a robust governance framework to ensure compliance with relevant laws and regulations, including those related to product quality and construction [132]. - The independent non-executive directors confirmed their independence, and the company considers them to remain independent [195]. Shareholder Information and Corporate Structure - The company has a total of 167,772,000 shares with a beneficial ownership percentage of 20.98% held by Huang Yun [154]. - Joybeam Global, Ever Lead, and Hong Kong Petrochemical each hold 79,772,000 shares, representing 9.98% ownership [176]. - Zhang Songqiao has a controlled interest of 48,736,150 shares, accounting for 6.09% of the total [176]. - The company has not participated in any arrangements that would allow directors to benefit from purchasing shares or debentures of the company during the year [159]. - As of December 31, 2022, there were no undisclosed interests held by directors in any competitive business [163]. - The company maintains a mandatory provident fund retirement benefits scheme in Hong Kong and participates in a central pension plan for employees in mainland China [164]. - The company has not issued any options under the stock option plan during the year, and there are no unexercised options at the beginning or end of the year [175]. - The effective period for the stock options is until May 20, 2025 [158]. - The company has maintained the public float as required by the Listing Rules throughout the year [179]. - The group has implemented a compensation structure aimed at attracting and retaining talent, with no significant operational disruptions reported to date [141]. - The group has adopted a dividend policy to provide stable returns to shareholders while maintaining financial health for future investment opportunities [142]. - The group continues to explore investment opportunities to achieve sustainable growth while ensuring financial stability [142].
渝太地产(00075) - 2022 - 年度财报