Financial Performance - The company achieved a revenue growth of 14%, reaching HKD 13.5 billion in 2022, compared to HKD 11.9 billion in 2021[11]. - The after-tax profit increased by 13% to HKD 510.7 million, up from HKD 453.9 million in the previous year[11]. - EBITDA rose by 14% to HKD 1.5 billion, compared to HKD 1.3 billion in 2021[11]. - The operating profit was HKD 839.2 million, with an operating profit margin of 6.2%, up from 5.4% in 2021[11]. - The net debt ratio was 32%, with net debt recorded at HKD 3.7832 billion, an increase from net cash of HKD 265.7 million in 2021[11]. - The return on capital employed (ROCE) improved from 5.1% in 2021 to 5.8%[11]. - The total dividend for 2022 was HKD 201.33 million, a 53.8% increase from HKD 130.87 million in 2021[14]. Employee Statistics - The total number of employees increased by 8.5% to 5,537, primarily due to the integration of ETHOZ employees[12]. - As of December 31, 2022, the total employee count was 9,983 with a turnover rate of 15.0%[99]. - The training participation rate for male employees was 28% with an average training time of 8.87 hours, while female employees had a participation rate of 16% and an average of 2.33 hours[95]. - The average training time for management employees was 6.55 hours, while non-management employees averaged 8.01 hours[95]. - The employee turnover rate for part-time workers was 16.6%, while full-time workers had a turnover rate of 12.6%[100]. Market Performance - In Vietnam, the group's sales increased by 121% compared to 2021, outperforming the market with a TIVPC growth of 30.9%[18]. - In Taiwan, despite a TIVPC decline of 4.2%, the group achieved a sales growth of 30% due to strong demand for the new Forester model[18]. - In the Philippines, the group's sales grew by 88% compared to 2021, significantly outperforming the industry with a TIVPC growth of 30.5%[18]. - In Malaysia, the group recorded a sales growth of 101% with a TIVPC increase of 42.2% due to the extension of sales tax exemptions[18]. - In Thailand, the group's sales grew by 25% against a TIVPC growth of 11.6%[18]. - In Hong Kong, despite strict COVID-19 measures, the group achieved a sales growth of 14% with a TIVPC increase of 4.1%[20]. - In China, the group's sales increased by 74% with a TIVPC growth of 9.5% due to diversification from dealership operations[20]. Corporate Governance - The board of directors consists of four executive directors, two non-executive directors, and five independent non-executive directors, ensuring a balanced governance structure[28]. - The company has adopted the Corporate Governance Code and has complied with most of its provisions during the past year[26]. - The remuneration committee, consisting of two independent non-executive directors, is responsible for reviewing and determining the remuneration packages of executive directors and senior management[25]. - The nomination committee, chaired by an independent non-executive director, is tasked with evaluating board composition and recommending suitable candidates for directorship[25]. - The board meets at least four times a year to manage the company's business and approve key strategies, budgets, and financial performance[28]. - The company has established internal guidelines for significant transactions requiring board approval, including mergers and acquisitions[28]. - The company aims to maintain high standards of corporate governance to protect shareholders' interests and enhance financial performance[26]. Environmental Initiatives - The company is committed to sustainable operations and actively monitors greenhouse gas emissions, although it has not yet identified climate change as a significant ESG issue[58]. - The company aims to reduce water consumption by 8% from the 2021 baseline by 2030, with total water usage in 2022 recorded at 111,965 cubic meters, a 0.76% decrease from 2021[60]. - The company is actively researching the use of new fuel products like e-Fuel to reduce greenhouse gas emissions and plans to replace its fleet with automated electric vehicles[65]. - The company has implemented a water-saving program and has been gradually reducing water usage since 2016, focusing on measures such as "cleaning with wipes instead of washing" to conserve water[57]. - The group plans to reduce packaging material usage by 5% from the 2021 baseline by 2030, with a 0.68% decrease in 2022 compared to 2021[66]. - The group has set an internal target to reduce carbon dioxide emissions by 1% or more annually, focusing on fuel consumption efficiency rather than total volume[66]. Safety and Health - The company reported zero work-related fatalities in 2022, maintaining a death rate of 0%[105]. - The company has implemented safety measures including air quality monitoring and regular safety audits to ensure a safe working environment[98]. - The company encourages continuous learning and invests in employee development through internal and external training programs[102]. - The company has implemented a safety reporting system allowing employees to report safety incidents or suggestions, with a safety committee conducting monthly inspections[133]. - The company achieved a 100% vaccination rate among employees at the workplace to mitigate COVID-19 risks[98]. Community Engagement - The company has extended the adoption period for the "Marco & Jubilee" giraffes in Singapore until 2022, supporting the Methodist Welfare Services (MWS) with funds raised for 21 centers and projects benefiting over 8,000 individuals[147]. - The company has expanded its community clean-up activities in Japan to more locations in 2022, emphasizing its commitment to a clean environment[147]. - The company collected 10.4 kilograms of recycled pull tabs, sufficient to produce ten prosthetic limbs for individuals in need in Thailand[135]. Supply Chain Management - The company has established a strict supply chain management (SCM) system to ensure resource efficiency and compliance with contract agreements[145]. - The company maintains ISO 9001 quality assurance certification for its assembly plant in Thailand[145]. - The company has a process in place to manage technical issues or recalls that may affect vehicle performance or passenger safety[145]. - The company received a limited number of product and service-related complaints during the reporting period, all of which were resolved according to the complaint policy[139].
陈唱国际(00693) - 2022 - 年度财报