Financial Performance - The group reported a profit attributable to equity holders of HKD 49,839,000 for the year ended December 31, 2021, compared to a loss of HKD 7,275,000 in 2020[16]. - The operating profit from the group's agency business significantly increased, contributing to the turnaround from loss to profit, aided by strategic management restructuring and increased market share in the non-residential property market[17]. - The rental income from the property investment portfolio increased due to the full rental of units in the Roche Micron Development Building and contributions from newly acquired retail spaces[25]. - The company anticipates stable growth in profits and loan scale for its subsidiary, Junlian Credit[25]. Market Trends - Non-residential property registration volume surged by 62.4% in 2021, outpacing residential property registrations, driven by improved market confidence and economic growth[18]. - The sales registration volume for retail shops, offices, and industrial buildings in the second half of 2021 decreased by 13.0%, 16.6%, and 8.5% respectively compared to the first half, indicating a market slowdown[18]. - The group anticipates a challenging market outlook due to the impact of the Omicron variant and strict social distancing measures, which are expected to lower transaction activities in the first half of 2022[19]. - The retail sector is expected to perform the best among non-residential property markets, despite ongoing challenges and requests for rent reductions from tenants[22]. Strategic Initiatives - The government plans to introduce a new consumption voucher scheme, providing HKD 10,000 to eligible citizens, which is expected to stimulate the retail market and subsequently the commercial property market[19]. - The group expanded its branch network strategically, including the opening of flagship stores in Tsuen Wan and a new location in Kwun Tong to enhance service quality[10]. - The company acquired seven retail spaces during the reporting period, with five acquisitions completed in the second half of 2021[25]. Corporate Governance - The company emphasizes strong corporate governance practices to enhance shareholder value and protect shareholder interests[48]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules during the fiscal year ending December 31, 2021[49]. - The board consists of eight members, including four executive directors and four independent non-executive directors, ensuring a diverse range of skills and experiences[52]. - The roles of the Chairman and CEO are distinctly separated to ensure effective governance[54]. Risk Management - The board is responsible for establishing an effective risk management and internal control system to manage risks rather than eliminate them[96]. - The risk committee reviewed the risk management system and framework, discussing measures for identified risks that could significantly impact the group[80]. - The risk committee met twice in 2021 to discuss risk management strategies and the effectiveness of the risk management framework[80]. Environmental, Social, and Governance (ESG) Initiatives - The company integrates ESG management into its daily operations, highlighting its commitment to ethical and sustainable business practices[126]. - The company has established a policy to incorporate sustainability considerations into its growth and development strategies[126]. - The company has implemented measures to monitor greenhouse gas emissions and set sustainability goals to operate responsibly while generating returns for shareholders[129]. - The company has received the "Waste Reduction Certificate (Excellence Level)" and "Energy Saving Certificate (Good Level)" for its environmental protection efforts[114]. Employee Development and Welfare - The company has a commitment to employee training, offering specialized programs tailored to frontline and back-office staff[154]. - The company has established a clear career development path for employees, with annual evaluations based on performance, skills, and attitude, ensuring internal promotions are prioritized when vacancies arise[160]. - The company has a zero-tolerance policy towards any form of harassment and strictly enforces anti-discrimination policies[150]. - The company has maintained compliance with employment and labor laws, with no significant violations reported during the year[149]. Community Engagement - The company actively participated in charity events, raising funds for families affected by the pandemic through a hiking event for The Salvation Army in 2021[115]. - The company donated over HKD 200,000 to the Community Chest of Hong Kong in 2021 to support local community development[182]. - The company has been recognized for 14 consecutive years with the "Caring Company" logo by the Hong Kong Council of Social Service for its contributions to community support[182]. Health and Safety - The company has implemented various measures to enhance employee health and safety, adhering to relevant occupational health and safety laws, with no significant violations reported during the fiscal year[159]. - The company provided COVID-19 prevention training and guidelines to ensure a safe working environment, including mandatory mask-wearing and daily temperature checks for employees[160]. - Days lost due to work-related injuries is 4[191]. Awards and Recognition - The company has been recognized for creating a pleasant work environment, receiving the "Happy Workplace" award for five consecutive years[116]. - The company received multiple awards for environmental performance, including the Hong Kong Green Organization Certification[192]. - The company was recognized for employee care and social responsibility with several awards in 2021[193].
鋑联控股(00459) - 2021 - 年度财报