Financial Performance - Revenue increased by 27.9% year-on-year to HKD 139,823,000, driven by higher sales in the healthcare business[10] - Reported profit improved to HKD 38,186,000 from a loss of HKD 38,356,000 in the previous year[12] - Underlying recurring profit rose by 34.9% to HKD 35,242,000, reflecting improved performance in the healthcare segment[11] - Basic earnings per share increased to HKD 12.3, while underlying recurring earnings per share rose to HKD 11.3, up 34.5%[14] - Total comprehensive income attributable to owners was approximately HKD 55,098,000 in 2021, a significant recovery from a comprehensive loss of HKD 66,980,000 in 2020[31] - Operating profit for the year was HKD 47,489,000, compared to an operating loss of HKD 33,247,000 in the previous year[196] - Profit attributable to owners of the company for the year was HKD 38,186,000, a significant recovery from a loss of HKD 38,356,000 in 2020[196] Dividends and Shareholder Returns - Total dividend per share increased by 31.3% to HKD 8.4 from HKD 6.4[14] - The company proposed a total dividend of HKD 8.4 per share for the year, up from HKD 6.4 per share in 2020[20] - The total dividend for the year is proposed at HKD 0.084 per share, consisting of an interim dividend of HKD 0.028, a final dividend of HKD 0.038, and a special dividend of HKD 0.018[125] Market and Business Strategy - The company aims to expand existing markets while exploring new market opportunities in the short to medium term[6] - The company plans to launch its healthcare product "活絡油" in mainland China in 2022, following successful registration approval[25] - The company is investing more resources in marketing activities to expand its customer base and improve regional performance[139] Healthcare Segment Performance - Healthcare segment revenue increased by 30.0% to HKD 132,998,000 in 2021 from HKD 102,323,000 in 2020[28] - Revenue from the healthcare segment rose by 30.0% to HKD 132,998,000 in 2021, driven by a 33.3% increase in sales from China[35] Investment Properties and Financial Investments - The company’s investment properties are intended to generate stable income over the long term, providing a buffer in uncertain economic conditions[9] - The investment property segment reported a slight increase in revenue of 0.6% to HKD 6,780,000 in 2021[28] - The financial assets segment reported a significant decline in income, down 84.1% to HKD 45,000 in 2021, compared to HKD 283,000 in 2020[43] - The valuation of investment properties as of December 31, 2021, was HKD 285,624,000, a slight increase of 0.2% from HKD 285,123,000 in 2020[50] Corporate Governance - The company has adopted the new corporate governance code effective from January 1, 2022, which includes policies on anti-corruption and board independence[69] - The company is committed to maintaining a transparent and responsible corporate governance framework, adhering to the corporate governance code as per the Hong Kong Stock Exchange[68] - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure[70] - The company emphasizes clear communication with shareholders and adherence to the new disclosure requirements in its corporate governance report[69] Risk Management - The board is responsible for ensuring a robust and effective risk management and internal control system, recognizing that risk is inevitable but manageable to create value[104] - The risk management plan implemented during the year aims to identify, assess, manage, monitor, and report all significant risks faced by the group[105] - Regular updates on risk factors are provided to the board, with risk assessment reports covering the group's main risks and corresponding action plans[108] Employee and Training Initiatives - The group provided approximately 866.75 hours of training to employees during the year[138] - The company has established a training program for directors, ensuring continuous professional development[77] Environmental, Social, and Governance (ESG) Initiatives - The company has established a sustainable development framework integrated into various levels of the organization, including the board and the Environmental, Social, and Governance (ESG) committee[130] - The company aims to enhance its waste reduction efforts, with a target to conduct annual activities to raise employee awareness about waste reduction[133] - The group has implemented energy-saving measures, such as replacing traditional lighting with LED lights, to enhance energy efficiency and reduce greenhouse gas emissions[134] Shareholder Communication - The annual general meeting serves as a valuable opportunity for direct communication between the board and shareholders, with all resolutions passed by voting[117] - The company is committed to enhancing investor communication and has designated senior management to engage with institutional investors and analysts[118]
白花油(00239) - 2021 - 年度财报