亚洲金融(00662) - 2022 - 年度财报

Financial Performance - Revenue for 2022 was HKD 2,085.2 million, an increase of 8.8% compared to HKD 1,916.4 million in 2021[7] - Underwriting profit rose to HKD 182.5 million, up 7.2% from HKD 170.2 million in the previous year[7] - The company reported a significant decline in profit attributable to shareholders, which fell by 70.5% to HKD 199.9 million from HKD 677.6 million[7] - The company's profit attributable to shareholders was HKD 199.9 million, a decrease of 70.5% compared to the previous year[13] - Earnings per share were HKD 0.213, down 70.4% year-on-year[13] - The total dividend per share for the year was HKD 0.50, a reduction of 65.5%[14] - The group reported a revenue of HKD 2,085,174,000 for the year ended December 31, 2022, representing an increase from HKD 1,916,355,000 in 2021[174] - The profit for the year was HKD 199,911,000, a significant decrease from HKD 677,471,000 in the previous year[174] Assets and Liabilities - Total assets increased by 1.3% to HKD 15,640.8 million, while total liabilities rose by 2.6% to HKD 5,148.1 million[7] - The group's total assets amounted to HKD 15.64 billion, reflecting a 1.3% increase[15] - The total assets of the group were valued at HKD 15,640,828,000, with total liabilities of HKD 5,148,062,000[174] Investment Strategy - The company plans to maintain a cautious investment strategy in light of global economic uncertainties and inflation pressures[11] - The focus for future investments will be on sectors related to public welfare, such as insurance, retirement protection, healthcare, and real estate[11] - The investment portfolio experienced realized and unrealized losses due to market downturns, but stable dividend income from long-term strategic investments was maintained[19] - The company maintained a cautious investment strategy to navigate the difficult economic environment in 2022, focusing on protecting employee and customer health through various measures[25] - The investment amount for 2022 was HKD 24.1 million, falling short of the HKD 50 million target due to market volatility and a cautious investment strategy[104] Employee and Workforce - The total number of employees as of December 31, 2022, was 329, an increase from 314 in the previous year, with compensation based on performance and industry standards[31] - The employee distribution by employment type shows 322 full-time and 7 part-time employees, with a 5.8% increase in Asia Insurance's workforce[55] - The gender distribution indicates that women make up 62.9% of the total workforce, while men account for 37.1%[57] - The employee turnover rate for Asia Financial is 19.3%, while Asia Insurance has a lower rate of 10.2%, and the group average is 12.1%[60] - The COVID-19 vaccination rate among employees is 98.2% for the group, with 100% for Asia Financial and 97.8% for Asia Insurance[65] - The company provides competitive compensation packages, including basic salary, year-end bonuses, and additional benefits such as medical and life insurance[51] - The company encourages work-life balance by offering paid leave, public holidays, and additional conditional leave for special occasions[52] Corporate Governance - The board plays a crucial role in overseeing the management of environmental, social, and governance (ESG) strategies and performance, ensuring alignment with global standards[47] - The board consists of eight members, including three executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balance of expertise and stakeholder interests[113] - The board has established multiple committees, including the executive committee, remuneration committee, nomination committee, compliance committee, audit committee, and risk committee[130] - The company has a formal process for the selection, nomination, and appointment of independent non-executive directors[119] - The company has adopted a dividend policy that includes principles for dividend distribution, considering the group's performance and liquidity[156] Environmental and Social Responsibility - The company aims to integrate sustainable practices into all aspects of its operations as part of its corporate social responsibility strategy[44] - The company aims to support Hong Kong's goal of achieving carbon neutrality by 2050 and has been actively reducing greenhouse gas emissions since 2009[73] - Greenhouse gas emissions decreased from 975 tons in 2009 to 764.72 tons in 2022, representing a reduction of 21.6%[78] - The company has received the "Caring Company" logo from the Hong Kong Council of Social Service for 20 consecutive years, recognizing its commitment to community service[44] - The group donated approximately HKD 6.564 million to local and overseas non-profit organizations, a decrease of 61% compared to the previous year due to the impact of COVID-19 fundraising activities[100] Risk Management - The company has established a risk committee to assist in overseeing the effectiveness of the group's risk management system, with the Chief Risk Officer responsible for reviewing risk management status[150] - The internal audit department conducts ongoing assessments and independent reviews of the group's risk management procedures and internal control systems[150] - The board has confirmed that the group's risk management and internal control systems are effective and sufficient, in compliance with the Corporate Governance Code[151] Shareholder Engagement - The company emphasizes the importance of shareholder rights and provides channels for shareholders to propose resolutions at general meetings[159] - The company maintains effective communication with shareholders through a shareholder communication policy, which was last reviewed in March 2023 and confirmed to be effective[157] - The company held its last annual general meeting on May 20, 2022, where all resolutions were passed by shareholder voting, with results available on the company's and the stock exchange's websites[157]