Financial Performance - The company recorded revenue of RMB 84 million for the fiscal year, an increase of approximately 14% compared to RMB 74 million in the previous fiscal year[15]. - Gross profit for the fiscal year was RMB 22 million, with a gross margin of 26%, up from RMB 20 million in the previous year[15]. - Operating loss for the fiscal year was RMB 16 million, improved from a loss of RMB 25 million in the previous year[15]. - The company’s attributable annual loss was RMB 17 million, compared to RMB 26 million in the previous year[15]. - As of June 30, 2022, the company held cash and bank balances of RMB 105 million, a slight decrease from RMB 107 million in 2021[20]. - The total equity of the company as of June 30, 2022, was RMB 213 million, down from RMB 228 million in 2021[20]. - The company's debt-to-equity ratio was zero as there were no outstanding bank loans or long-term debts as of June 30, 2022[20]. - The current ratio remained stable at 4 times for both 2021 and 2022, indicating strong liquidity[20]. Corporate Governance - The company held four board meetings during the fiscal year ending June 30, 2022, with all directors attending 100% of the meetings[42]. - The remuneration committee convened once during the fiscal year to review the company's remuneration policy and proposed salary adjustments for employees[49]. - The nomination committee met once during the fiscal year to review the board's structure, composition, and diversity[52]. - The audit committee held four meetings to review the audited financial statements for the fiscal year ending June 30, 2022[57]. - The chairman and CEO, Mr. Guo, has been in his position for 21 years, demonstrating significant experience in agricultural knowledge and expertise[52]. - The company emphasizes the importance of maintaining a balance of power and authority within its governance structure[45]. - All members of the audit committee are independent non-executive directors, ensuring objectivity in financial oversight[56]. - The company is committed to continuous professional development for its directors, with all participating in relevant training and seminars[44]. - The board currently consists of six members, all male, highlighting a need for diversity considerations[52]. - The company has established a clear framework for monitoring financial reporting and internal controls[56]. Risk Management - The board confirmed its responsibility for overseeing the group's risk management and internal control systems, with annual reviews conducted by the audit committee[67]. - The group established a formal risk assessment system, identifying potential risks annually that could impact key business processes[68]. - The internal audit department, led by the internal audit manager, is responsible for independently reviewing the group's major business operations[69]. - No significant risks were identified during the annual review of risk management and internal control systems for the fiscal year ending June 30, 2022[70]. - The company identified climate-related risks, including regulatory risks that could increase greenhouse gas emission costs due to tightening regulations[135]. - The company plans to regularly review relevant policies and assess their potential impact on operations[135]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to sustainable development and has set targets to improve greenhouse gas emissions, waste management, energy management, and water management in alignment with China's carbon neutrality goals[85]. - The report covers the company's activities, challenges, and measures taken in environmental, social, and governance (ESG) aspects for the fiscal year ending June 30, 2022[88]. - The board of directors is responsible for the company's ESG policies and strategies, ensuring effective risk management and internal controls[86]. - The company has established an ESG working group to collect and analyze relevant data, assess risks, and review policies and measures[86]. - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring consistency and comparability with previous fiscal years[90]. - The company has set quantifiable environmental goals to be achieved by June 30, 2024, focusing on emission control, waste management, energy management, and water resource management[103]. - The company aims to enhance employee awareness of ESG issues and regularly reviews its policies and performance to promote a green business philosophy[96]. - The company has implemented various measures to promote resource efficiency and reduce waste generation[123]. - The company has established policies and procedures for energy management to achieve electricity savings and effective usage[124]. - The company has integrated environmental protection concepts into its internal management and daily operations to achieve sustainable development goals[131]. Employee Management - The company employed 109 staff as of June 30, 2022, a decrease from 132 in 2021[29]. - The employee distribution by employment type shows 12% full-time and 88% part-time employees[145]. - The total employee turnover rate for 2022 was approximately 43%, down from 68 employees in 2021[147]. - Male employee turnover decreased to 37% in 2022 from 45% in 2021, while female turnover decreased to 52% from 63%[147]. - The average training hours per employee in 2022 was approximately 0.30 hours, with 15% of employees receiving training[159]. - The company has not recorded any work-related fatalities or serious injuries in the past three years, indicating a strong safety record[149]. - The company emphasizes employee health and safety, adhering to relevant laws and regulations, and has implemented various preventive measures against COVID-19[152]. - The company conducts regular safety inspections and encourages employees to report health and safety incidents to improve workplace conditions[150]. Community Engagement and Social Responsibility - The company donated approximately RMB 993,000 to the Yau Wah Cultural Charity Fund Limited, demonstrating its commitment to social responsibility and community investment[185]. - The company actively collaborates with charitable organizations to organize social activities aimed at giving back to society and supporting disadvantaged groups[185]. - The company established the "Super Big Love Foundation" in February 2007 to enhance its management of charitable activities and support disadvantaged groups[187]. - The company encourages employees to participate in social welfare activities during work and personal time to foster a sense of social responsibility[188]. - The company focuses on supporting employees facing special difficulties, including those with work-related injuries, serious illnesses, and educational burdens[189]. - The company plans to increase its support for public welfare through donations and organizing charitable events in the future[187]. Product Quality and Safety - The company has established a complete quality traceability system, including internal quality audit records and management procedures, ensuring real-time management of agricultural input quality, planting records, processing records, sales records, and inspection records[173]. - During the reporting period, the company did not have any sold or shipped products that required recall for health and safety reasons, maintaining a record of zero recalls[173]. - The company has a professional testing laboratory to conduct safety inspections on various agricultural products, ensuring product safety[173]. - The company has implemented strict procurement systems and supplier selection processes, evaluating suppliers based on product quality, price, supply capacity, and after-sales service[167]. - The company emphasizes compliance with labor standards and has established a rigorous recruitment process to prevent child labor and forced labor[163]. - The company has a commitment to environmental and social risk management within its supply chain, regularly assessing and monitoring suppliers[166]. - The company has a quality traceability system that allows consumers to check product planting and testing records via QR codes, enhancing consumer safety assurance[173]. - The company strictly adheres to consumer protection laws and has not been aware of any significant violations affecting its product and service provision during the reporting period[172]. - The company received zero significant complaints related to products or services during the reporting period, maintaining a strong customer satisfaction level compared to zero cases in 2021[176]. - The company emphasizes the importance of customer feedback and has established a structured complaint management process to enhance service quality and customer loyalty[176]. Anti-Corruption and Compliance - The company has implemented strict internal controls and policies to prevent corruption and bribery, ensuring compliance with relevant laws and regulations[181]. - The company conducts regular training on anti-corruption for its board members and employees, totaling approximately 12 hours for 6 directors and 9 hours for employees during the reporting period[181]. - The company has a dedicated department for anti-bribery and reporting, ensuring that any suspected incidents are investigated promptly and confidentially[184]. - The company has established policies to protect personal data and ensure compliance with privacy regulations, maintaining high standards of data security[176].
超大现代(00682) - 2022 - 年度财报