Environmental Goals - The company aims to reduce energy consumption per square meter by 16.7% by 2030 compared to the 2020 baseline, equating to an annual reduction of 1.67%[16]. - The company targets a 28% reduction in greenhouse gas emissions per square meter by 2030 compared to the 2020 baseline, which translates to an annual reduction of 2.8%[17]. - The company plans to decrease water consumption per HKD 100,000 of revenue by 43% by 2030 compared to the 2020 baseline, representing an annual reduction of 4.3%[19]. - The company is exploring opportunities to transform its business into a low-carbon operation to meet public expectations and avoid reputational damage[14]. - The company aims to achieve water conservation goals through measures such as installing faucet aerators and rainwater collection, estimating annual savings of approximately 10,000 cubic meters from air conditioning and 20,000 cubic meters from toilet renovations[49]. Environmental Performance - Total greenhouse gas emissions decreased from 8,003 metric tons CO2 equivalent in 2021 to 7,114 metric tons CO2 equivalent in 2022, representing a reduction of approximately 11.1%[24]. - The total energy consumption decreased from 14,284,826 kWh in 2021 to 13,302,791 kWh in 2022, a decline of about 6.9%[25]. - The total water consumption increased from 146,703 cubic meters in 2021 to 156,157 cubic meters in 2022, an increase of approximately 6.2%[25]. - The total hazardous waste generated decreased from 0.089 tons in 2021 to 0.051 tons in 2022, a reduction of about 42.7%[25]. - The total packaging materials used increased from 108.7 tons in 2021 to 140.6 tons in 2022, an increase of approximately 29.3%[25]. - The carbon emissions per employee decreased from 4.76 metric tons CO2 equivalent in 2021 to 4.19 metric tons CO2 equivalent in 2022, a reduction of about 11.9%[24]. - The carbon emissions per square meter of floor area remained stable at 0.07 metric tons CO2 equivalent in both 2021 and 2022[24]. - The paper recycling rate for office and apparel distribution and manufacturing business decreased from 28.3% in 2021 to 26.5% in 2022[25]. - The total non-hazardous waste generated increased from 39.3 tons in 2021 to 45.8 tons in 2022, an increase of approximately 16.5%[25]. - The total energy consumption per employee decreased from 8,493 kWh in 2021 to 7,830 kWh in 2022, a decline of about 7.8%[25]. Occupational Health and Safety - The company has implemented ISO 45001:2018 certification for occupational health and safety management systems at its production site in Meizhou, demonstrating the effectiveness and efficiency of its safety management[5]. - The company has adopted various occupational health and safety programs to minimize accidents and ensure workplace safety[5]. - The company has established strict recruitment screening processes to ensure compliance with labor laws, preventing the hiring of candidates below the legal working age of 18[2]. Corporate Governance - The company regularly communicates with shareholders through various channels, including interim and annual reports, press releases, and shareholder meetings[65]. - The company reported a 100% attendance rate for all executive directors during the board meetings[67]. - The board believes that having the same person serve as both chairman and CEO enhances strategic planning and decision-making efficiency[70]. - The audit committee is responsible for reviewing the group's interim and annual performance, ensuring compliance with accounting standards[103]. - The company has adopted a diversity policy for board members, considering factors such as race, gender, age, and professional experience[74]. - The risk management framework includes a three-tier structure involving the board, senior management, and subsidiary management[87]. - The company has not encountered any significant adverse changes in risks related to its business during the year[88]. - The remuneration committee regularly reviews the compensation of executive directors to ensure alignment with performance[99]. - The company has established a nomination committee to evaluate board composition and diversity considerations[94]. - The audit committee consists of three independent non-executive directors and one non-executive director, chaired by a member with extensive accounting experience[102]. - The company has implemented appropriate procedures for handling and disclosing insider information[88]. - The company continues to maintain high standards of corporate governance, as detailed in the corporate governance report[169]. Financial Performance - The company's revenue for the year ended December 31, 2022, was HKD 1,415,709,000, representing a 3.2% increase from HKD 1,372,184,000 in 2021[139]. - Gross profit decreased by 11.3% to HKD 769,790,000 from HKD 868,327,000 in the previous year[139]. - Operating profit fell by 36.6% to HKD 152,708,000 compared to HKD 240,848,000 in 2021[139]. - Net profit for the year was HKD 154,462,000, down 30.1% from HKD 221,043,000 in the prior year[139]. - Basic and diluted earnings per share decreased to HKD 15.73, a decline of 30.1% from HKD 22.51[139]. - The company declared a total dividend of HKD 8.5 per share, down 22.7% from HKD 11.0 in the previous year[139]. - Cash generated from operations dropped significantly by 75.4% to HKD 62,960,000 from HKD 256,076,000[139]. - Total assets decreased by 5.2% to HKD 5,490,787,000 from HKD 5,790,323,000[139]. - Total liabilities reduced by 10.5% to HKD 1,043,404,000 compared to HKD 1,165,583,000 in 2021[139]. - The current ratio improved to 4.1 from 3.8 in the previous year, indicating better short-term financial health[139]. - The group's annual cost of goods sold for apparel was HKD 475,055,000, a decrease of 7% compared to last year's HKD 511,921,000, aligning closely with the decline in apparel sales[141]. - The gross profit margin, excluding inventory impairment effects, was 50.8%, slightly down from 51.6% last year, primarily due to a slight reduction in gross margin for domestic products[141]. - Inventory impairment provision recorded during the year was HKD 33,813,000, compared to a reversal of HKD 50,591,000 last year, resulting in a difference of HKD 84,404,000[141]. - The company provided guarantees for mortgage loans amounting to HKD 77,318,000 for certain property buyers, with no provisions made in the financial statements as the realizable net value of the properties is deemed sufficient to cover the mortgage defaults[140]. - The total amount for statutory audit and interim review fees was HKD 3,080,000, with additional tax and consultancy services costing HKD 850,000, bringing the total to HKD 3,930,000[145]. - The company repurchased a total of 3,678,000 shares during the year, with a total cost of HKD 4,383,890[158]. - The shareholding structure indicates that the family trust holds 62.65% of the total issued shares, with significant stakes also held by other entities[163]. - The financial statements for the year ended December 31, 2022, were audited by PwC, who expressed willingness to be reappointed[170]. - The group has established a whistleblowing procedure for employees to report any misconduct or fraud confidentially[143]. - The company repurchased a total of 3,678,000 ordinary shares at a total cost of HKD 4,383,890 during the year, with all repurchased shares subsequently canceled[188]. - As of December 31, 2022, the total number of issued shares was 978,436,035, down from 982,114,035 in the previous year, indicating a decrease of approximately 0.7%[188]. - The largest supplier accounted for 12% of total purchases, while the top five suppliers represented 41% of total purchases, highlighting significant supplier concentration[197]. - The largest customer contributed 4% to total revenue, and the top five customers accounted for 12%, indicating a moderate customer concentration risk[197].
金利来集团(00533) - 2022 - 年度财报