Environmental Impact - Total hazardous waste increased to 131 tonnes in 2022 from 60 tonnes in 2021, representing a 118.3% increase[1]. - Hazardous waste intensity rose to 0.0041 tonnes per tonnes of adhesives produced in 2022, up from 0.0023 in 2021, indicating an increase of 78.3%[1]. - Total non-hazardous waste decreased significantly to 20 tonnes in 2022 from 267 tonnes in 2021, a reduction of 92.5%[1]. - Non-hazardous waste intensity improved to 0.0006 tonnes per tonnes of adhesives produced in 2022, down from 0.0103 in 2021, a decrease of 94.2%[1]. - Total sewage generated during the reporting period was approximately 46,403 tonnes, a reduction of around 7% compared to the previous year[5]. - Water consumption decreased to 59,640 cubic meters in 2022 from 72,156 cubic meters in 2021, a reduction of 17.3%[24]. Energy Consumption - Total energy consumption increased to 5,796 MWh in 2022 from 4,520 MWh in 2021, an increase of 28.2%[19]. - Direct energy consumption decreased slightly to 1,183 MWh in 2022 from 1,216 MWh in 2021, a decrease of 2.7%[19]. - Indirect energy consumption rose significantly to 4,613 MWh in 2022 from 3,304 MWh in 2021, an increase of 39.7%[19]. Financial Performance - The Group's revenue for the year ended 30 September 2022 was approximately HK$862,101,000, representing an increase of approximately 34.0% compared to HK$643,446,000 for the year ended 30 September 2021[81]. - The gross profit for the year ended 30 September 2022 was approximately HK$223,180,000, reflecting an increase of approximately 13.5% from HK$196,675,000 in the previous year[81]. - Profit attributable to owners of the Company rose by approximately 144.4%, from HK$41,463,000 in 2021 to HK$101,350,000 in 2022[82]. - Adjusted profit attributable to owners for 2022, excluding non-core items, is approximately HK$67,874,000, representing a 15.8% increase from HK$58,599,000 in 2021[82]. Corporate Governance - The Company complied with all applicable code provisions of the Corporate Governance Code for the year ended 30 September 2022, except for one deviation related to the "Chairman and Chief Executive" section[68]. - The Board held a total of 5 meetings during the year, with all executive directors attending 100% of the meetings[73]. - The Company has established various Board Committees, including the Remuneration Committee, Nomination Committee, and Audit Committee, to delegate specific responsibilities[71]. - The Board is responsible for corporate policy formulation, business strategic planning, risk management, and significant operational and financial matters[74]. - The Company ensures compliance with statutory requirements and maintains good corporate governance practices through continuous updates on regulatory developments[70]. Research and Development - The Group has established partnerships with international chemical corporations and technology experts to enhance its research and development capabilities[41]. - The Group's R&D efforts are focused on developing high-quality products to meet market needs and future industry demands[57]. - The Group collaborates with renowned chemical companies from Germany and Japan for new product development[57]. Market Outlook - The medium to long-term outlook indicates stable sales growth due to increasing global demand for footwear and environmental water-based adhesive products[42]. - The Board finds it challenging to predict sales performance for 2023 due to ongoing global pandemic effects and market uncertainties such as high inflation and decreased purchasing power[56]. - The Group maintains long-term relationships with prestigious customers, which is expected to support stable sales growth[42]. - The Group will continue to allocate necessary resources to increase market share as appropriate[42]. Employee Information - As of 30 September 2022, the Group employed a total of 396 employees, an increase from 356 employees as of 30 September 2021[90]. - For the year ended 30 September 2022, employee benefits expense amounted to approximately HK$92,581,000, compared to approximately HK$85,433,000 for the year ended 30 September 2021, reflecting an increase of about 8.4%[90]. Risk Management - The Group's risk management procedures aim to identify, evaluate, and manage risks effectively rather than eliminate all risks of failure[190]. - The Board conducted an annual review of its risk management and internal control effectiveness for the year ended September 30, 2022, with no significant areas of improvement identified[170]. - The Board is directly responsible for the risk management and internal control systems of the Group, supported by the Audit Committee[168].
星谦发展(00640) - 2022 - 年度财报