Employee Engagement and Welfare - The company has approximately 36,000 employees globally and continues to promote open communication with employees through various channels[2]. - The company emphasizes providing a safe and pleasant working environment, fair compensation, and development opportunities for employees[4]. - The company has a strong focus on employee care initiatives to recognize and reward contributions within a robust corporate culture[4]. - The company prioritizes employee needs, providing attractive compensation packages and ensuring a comfortable work environment[157]. - The company emphasizes employee well-being and diversity, attracting top talent from around 20 different countries[200]. Financial Performance - The company reported a mid-term dividend of $0.220 per share, totaling approximately $2,275,000, and proposed a final dividend of $0.268 per share, totaling approximately $2,771,000, pending shareholder approval[22]. - The company's distributable reserves as of December 31, 2022, amounted to $73,693,000[24]. - The company's revenue increased by approximately $63.2 million or 7.9% from $795.7 million in 2021 to $858.9 million in 2022[30]. - Net profit attributable to the company's owners increased by approximately 17.4% to $13.1 million in 2022, compared to $11.2 million in 2021[30]. - Basic earnings per share improved to 1.3 cents in 2022 from 1.1 cents in 2021[28]. Production and Supply Chain Management - The company has diversified its production footprint across Southeast Asia, including Cambodia, Myanmar, and the Philippines, to mitigate supply chain disruptions, especially during the COVID-19 pandemic[19]. - The company aims to reduce risks associated with procurement concentration by streamlining and integrating production capabilities in Southeast Asia[19]. - The company has established manufacturing centers in multiple Southeast Asian countries as part of its long-term strategy[29]. - The company is focused on reshaping its supply chain to support both domestic and international operations, with plans to establish an innovation center in the United States[181]. Corporate Governance and Compliance - The board of directors has confirmed compliance with the corporate governance code as per the listing rules for the year ending December 31, 2022[105]. - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set forth in the listing rules[106]. - Independent non-executive directors have reviewed the ongoing connected transactions and confirmed they are conducted on normal commercial terms[82]. - The company has mechanisms in place for directors to consult external independent professionals when necessary[121]. Sustainability and Innovation - The company is committed to sustainability, managing natural and social impacts, and integrating sustainability into business decisions[155]. - The introduction of sustainable and digital solutions, including the Luentech Textile Solutions and NTX™ technology, aims to improve supply chain sustainability and reduce environmental impact[173]. - The company has implemented advanced technologies to reduce water, energy, and harmful chemical usage, significantly decreasing its carbon footprint and waste[198]. - The company is committed to supporting the UN Global Compact principles, focusing on human rights, labor, environment, and anti-corruption[193]. Market and Customer Relations - The company achieved a revenue increase of 7.9% and a net profit growth of 17.4% in 2022 compared to the previous year[153]. - The company has established strong relationships with existing brand clients, which are considered valuable assets for future growth[144]. - The company plans to enhance customer relationships and attract new clients to diversify its customer base and expand revenue sources[166]. - The average customer return rate on the e-commerce platform is between 20% to 30%, significantly higher than the average return rate of 7% for newly launched products[190]. Challenges and Future Outlook - The company continues to face challenges from COVID-19 and global inflation affecting economic recovery[29]. - The group anticipates a decline in overall demand for its quality products due to potential inventory surplus among customers[72]. - The company has experienced a decline in bargaining power in its OEM business over the past few years, necessitating a shift towards a new manufacturing model to add value for customers and stakeholders[184]. - The company expresses confidence in its long-term development despite the challenging macroeconomic environment and inflation[72].
联泰控股(00311) - 2022 - 年度财报