Financial Performance - Revenue and other income for 2021 was HKD 195,501,000, a decrease of 13% from HKD 225,203,000 in 2020[6] - Profit attributable to equity holders of the company increased by 120% to HKD 190,717,000 from HKD 86,766,000 in the previous year[6] - Earnings per share rose by 121% to HKD 5.59, compared to HKD 2.53 in 2020[6] - The net asset value per share increased by 11% to HKD 160.95 from HKD 145.64 in 2020[6] - The company reported a significant increase in operating profit, reaching HKD 201,165,000 compared to HKD 132,030,000 in 2020[10] - The total equity of the company stood at HKD 5,466,939,000, an increase from HKD 4,978,908,000 in the previous year[10] - Total revenue for the year ended December 31, 2021, was HKD 168,647,000, a decrease of 8.3% from HKD 183,674,000 in 2020[160] - Gross profit for 2021 was HKD 178,470,000, down from HKD 208,835,000 in 2020, reflecting a decline of 14.6%[160] - Net profit attributable to equity holders for 2021 was HKD 190,717,000, a substantial increase of 119.9% from HKD 86,766,000 in 2020[160] - The company reported a total comprehensive income of HKD 544,342,000 for 2021, a significant recovery from a loss of HKD 282,328,000 in 2020[164] Dividends - The company declared a total dividend of HKD 1.40 per share, unchanged from the previous year[6] - The company proposed a final dividend of HKD 0.70 per share and a special dividend of HKD 0.70 per share, totaling approximately HKD 47,600,000 for the year, slightly down from HKD 47,900,000 in the previous year[23] - The board proposed a final dividend of HKD 0.70 per share and a special dividend of HKD 0.70 per share, totaling approximately HKD 47.6 million in dividend distribution, consistent with the previous year's total of HKD 47.9 million[91] - The company maintained a dividend payout of HKD 47,555,000 in 2021, slightly down from HKD 47,859,000 in 2020[160] - The company paid dividends totaling HKD 47,781 in 2021, slightly down from HKD 48,122 in 2020[178] Investment Properties - Investment properties valued at HKD 2,499,000,000, up from HKD 2,431,900,000 in 2020[10] - The fair value change of investment properties for 2021 was HKD 67,100,000, compared to a loss of HKD 35,600,000 in 2020[160] - The group's investment properties are valued at HKD 2,499,000,000 as of December 31, 2021, with the share of joint ventures' investment properties valued at HKD 60,490,000[142] Corporate Governance - The board of directors includes experienced members with backgrounds in finance, law, and corporate governance, enhancing the company's strategic oversight[19] - The company’s independent non-executive directors bring extensive experience from various sectors, contributing to robust governance practices[19] - The company has established a continuous professional development program for all directors to stay updated on relevant regulations and governance codes[58] - The board consists of six members, including two executive directors, three independent non-executive directors, and one non-executive director[53] - The company’s independent non-executive directors confirmed their independence annually as per listing rules[50] - The company has a policy for reviewing the structure and composition of the board annually[72] Sustainability and ESG - The board emphasizes the importance of integrating environmental, social, and governance (ESG) considerations into key business decisions and regularly reports on ESG performance for continuous improvement[106] - The company has established long-term sustainability goals focusing on reducing greenhouse gas emissions, improving energy and water efficiency, and promoting responsible office practices[111] - The company actively manages climate risks by implementing emergency plans to mitigate disruptions and financial losses from extreme weather events[108] - The company collaborates with building managers to install energy-efficient lighting and implement waste management practices to reduce greenhouse gas emissions and resource consumption[112] - Employee well-being is prioritized, with measures taken to ensure health and safety, including providing pandemic-related supplies and promoting work-life balance[114][115] - The company conducts regular training for management and staff to maintain competitiveness and compliance with market trends and regulations[117] - The company adheres to internationally recognized labor standards, strictly prohibiting child and forced labor in its operations and among partners[118] - The company emphasizes sustainable procurement practices by collaborating closely with suppliers to minimize risks related to environmental, social, and governance issues[120] - Total greenhouse gas emissions amounted to 2,336.62 tons of CO2 equivalent in 2021, a slight increase from 2,327.03 tons in 2020[125] - Total energy consumption reached 3,291,705.41 kWh in 2021, compared to 3,281,718.46 kWh in 2020, indicating a growth of approximately 0.6%[125] - Water consumption decreased to 6,799 cubic meters in 2021 from 10,323 cubic meters in 2020, representing a reduction of about 34.5%[125] Shareholder Information - As of December 31, 2021, the total equity held by the directors and senior management in the company amounted to 16,231,944 shares, representing 47.79% of the issued share capital[31] - The major shareholder, Tankard Shipping Co. Inc., holds 5,500,000 shares, accounting for 16.19% of the issued share capital[34] - The company confirmed that the public float of its issued shares exceeded 25% as of March 24, 2022[45] Audit and Compliance - The financial statements for the year have been audited by PwC, who expressed willingness to be reappointed[45] - There were no significant related party transactions that constituted connected transactions as defined by the Hong Kong Stock Exchange[45] - The company paid or accrued audit and non-audit fees to its auditors amounting to HKD 1,697,000 and HKD 1,134,000 respectively for the year ended December 31, 2021[68] Operational Insights - The company plans to continue its market expansion and explore new investment opportunities in the coming year[6] - Future outlook remains positive with a focus on enhancing operational efficiency and exploring new technologies[6] - The company has subsidiaries registered in Hong Kong, the British Virgin Islands, and Panama, indicating a diversified operational footprint[17] - The company’s financial performance and asset-liability summary for the past five fiscal years are detailed in the report[26] - The company maintains a complaint handling mechanism for its rental properties to improve service quality and address customer issues promptly[121] Employee Metrics - The employee turnover rate remained at 0% for both 2021 and 2020, indicating stable workforce retention[127] - The training rate for full-time employees dropped to 54% in 2021 from 85% in 2020, reflecting a significant decrease in employee training participation[127] - The average training hours per full-time employee decreased to 6.31 hours in 2021 from 7.04 hours in 2020[127] Cash Flow and Financial Position - Cash generated from operating activities showed a net inflow of HKD 10,729 in 2021, down from HKD 31,884 in 2020, indicating a decrease of approximately 66%[178] - The net cash inflow from investing activities was HKD 70,767 in 2021, slightly down from HKD 79,207 in 2020[178] - The net cash outflow from financing activities was HKD 61,060 in 2021, an improvement from HKD 68,622 in 2020, showing a reduction of approximately 11%[178] - The cash and cash equivalents at the end of the year increased to HKD 143,819 from HKD 123,243, reflecting a growth of approximately 16.7%[178]
NANYANG HOLD(00212) - 2021 - 年度财报