Financial Performance - The profit attributable to owners for the year ended December 31, 2022, was HK$112.4 million, an increase from HK$89.5 million in the previous financial year[18]. - Earnings per share for the year was HK$0.23, compared to HK$0.19 for the last financial year[31]. - The Group's revenue for the year ended December 31, 2022, was HK$3,466.7 million, up from HK$3,256.7 million in the previous year, representing a growth of approximately 6.4%[31]. - Operating profit for the year ended December 31, 2022, was HK$241.2 million, significantly higher than HK$120.3 million in the last financial year, indicating an increase of about 100%[31]. - Revenue for the EMS Division for the year ended December 31, 2022, was HK$3,404.5 million, an increase from HK$3,192.7 million in the previous financial year[59]. - Segment profit attributable to the EMS Division was HK$157.2 million, representing a 91.4% increase compared to HK$82.1 million in the last financial year[59]. - The Group's operating profit margin improved to 7.0% in 2022 from 3.7% in 2021[138]. Dividends - An interim dividend of HK$0.02 per share was paid for 2022, up from HK$0.015 in 2021, and a final dividend of HK$0.045 per share is recommended for payment[19]. - The company plans to hold its annual general meeting on June 1, 2023, where the proposed final dividend will be subject to shareholder approval[19]. Property and Investments - The Property Holding Division reported revenue of HK$62.2 million, a decrease from HK$64.0 million in the previous year, with a segment loss of HK$88.1 million compared to a profit of HK$66.5 million last year[25]. - The Group recognized a gain of HK$117.1 million from the deemed disposal of an associate, B.Duck Semk Holdings International Limited[53]. - The Group's properties and joint ventures experienced a decrease in value totaling HK$153.4 million[53]. - The Group experienced a foreign exchange difference totaling HK$22.7 million, which was offset by a decrease in property values amounting to HK$153.4 million[9]. Workforce and Training - The Group's total workforce at the end of the reporting period was 3,051 employees, with a turnover rate of 13.2% for employee benefit expenses to revenue[100]. - The Group has trained 98.0% of male employees and 97.1% of female employees in 2022, showing an increase from 89.7% and 92.2% in 2021 respectively[132]. - The average training hours completed per male employee decreased to 24.4 hours in 2022 from 25.4 hours in 2021, while female employees' average training hours decreased to 23.8 hours from 32.6 hours[132]. - The Group had no work-related fatalities in the past three years, including the reporting year, with 47 days lost due to work injury during the reporting period[129]. - The Group employed approximately 3,100 employees as of December 31, 2022, with a compensation policy based on job nature, qualifications, and experience[139]. Community Engagement and ESG - The Group is committed to environmental measures and has appointed an independent ESG consultant for continuous improvement[72]. - The Group has developed a climate change strategy to address potential climate-related risks and their financial impacts[69]. - The Group's community service efforts in 2022 concentrated on supporting the elderly and providing epidemic prevention materials[87]. - The Group donated approximately HK$216,000 during the reporting period for community activities, including contributions for poverty alleviation and humanitarian assistance[135]. - The Group has been awarded the Caring Company Logo for the eleventh consecutive year, recognizing its active participation in community activities[91]. Supply Chain and Cost Management - The Group is implementing strict cost-saving measures and aims to improve operating efficiency in response to rising costs and supply chain uncertainties[115]. - The Group is focused on addressing material shortages by exploring alternative supply sources and providing timely feedback to customers[115]. - The Company had a total of 645 suppliers in 2022, an increase from 493 in 2021, representing a growth of approximately 30.8%[178]. - The number of suppliers in Hong Kong rose to 192 in 2022 from 169 in 2021, while Mainland suppliers increased to 276 from 204, indicating a growth of 13.7% and 35.3% respectively[178]. - The Group has taken measures to hedge against the risks of rising interest rates, ensuring financial stability[119]. Corporate Governance - The Company emphasizes a quality Board and effective risk management as part of its corporate governance practices[180]. - The Company has complied with the Corporate Governance Code, with some deviations noted regarding the roles of the Chairman and CEO[180]. - The Company has adopted a formal procedure for the nomination and appointment of Board members to ensure independence and diversity[163]. - The Company has a balanced composition of Executive and Independent Non-executive Directors to provide diverse expertise[173]. - The Administrative Committee, comprising five Executive Directors, has been established to handle daily operations[184]. - The Company held four regular Board meetings in 2022 to discuss overall strategy, operation, financial performance, and risk management[188]. - The Remuneration Committee reviewed the remuneration paid to Directors and senior management and approved the 2023 remuneration packages for individual Directors[196]. - The Company's Directors' Remuneration Policy aims to establish competitive remuneration to attract and retain Directors, considering their duties, market benchmarks, and performance[198]. - The Nomination Committee was established on December 29, 2021, and is responsible for reviewing the Board's structure and making recommendations on Director appointments[198]. - The Company emphasizes the importance of independent viewpoints in Board decisions through various mechanisms, including formal nomination procedures[187]. - All Directors are encouraged to participate in continuous professional development to enhance their skills[191]. - The Company has implemented training programs for Directors, including reading materials and online training[192]. - The Administrative Committee oversees the implementation of strategies and policies approved by the Board, ensuring compliance and risk management[186]. - The Company has a structured approach to disclosing inside information, with designated officers responsible for assessing its materiality[186].
王氏国际(00099) - 2022 - 年度财报