Financial Performance - For the year ended December 31, 2021, the group's revenue slightly decreased to HKD 43.3 million, down 3% from approximately HKD 44.5 million for the year ended December 31, 2020[8]. - The profit for the year ended December 31, 2021, was approximately HKD 4.7 million, a decrease of 61% compared to HKD 12 million for the year ended December 31, 2020[8]. - Revenue from securities brokerage and financial services decreased by 62% to approximately HKD 12.3 million, down from HKD 32.5 million in 2020[11]. - The group recorded a net profit of approximately HKD 4,400,000 for the year ended December 31, 2021, down from HKD 12,000,000 in 2020, representing a decline of about 63.33%[68]. - The net cash inflow from operating activities for the year was approximately HKD 6,600,000, compared to HKD 7,700,000 in 2020, indicating a decrease of about 14.29%[68]. Asset Management - The asset management division's total managed assets increased by nearly 16% to approximately HKD 1.9 billion, up from HKD 1.7 billion in 2020[14]. - The asset management division recorded segment revenue of approximately HKD 29.4 million, an increase of about 144% from HKD 12 million in 2020[14]. - The segment profit for asset management was approximately HKD 22.3 million, a significant increase of about 569% from HKD 3.3 million in 2020[14]. - The group aims to develop business opportunities in the asset management sector while strictly controlling costs[14]. Customer Accounts and Trust - As of December 31, 2021, Sheng Yuan Securities maintained 653 customer accounts, a decrease from 727 accounts as of December 31, 2020[10]. - Customer trust bank accounts increased to approximately HKD 30.3 million, a 139% increase from HKD 12.6 million as of December 31, 2020[10]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance accountability[38]. - The board is responsible for formulating the group's strategy and policies, approving annual budgets, and overseeing daily operations[43]. - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules, with some deviations noted[38]. - The company has established a remuneration committee to recommend compensation policies for all directors and senior management, ensuring no director participates in determining their own remuneration[50]. - The company has adopted a board diversity policy to ensure a range of skills and perspectives among board members[55]. Internal Control and Risk Management - The board is responsible for maintaining the effectiveness of the internal control system and conducts annual reviews to ensure its adequacy[63]. - An external independent consultant was engaged to review the internal control system to maintain high standards of corporate governance[66]. - The group has established comprehensive management policies and procedures related to "Know Your Customer" and anti-money laundering (AML) to ensure compliance with regulatory requirements[165]. - The group has enhanced monitoring and reporting of large and suspicious transactions, designing suspicious transaction monitoring models based on industry characteristics[165]. Environmental, Social, and Governance (ESG) Efforts - The report is prepared in accordance with the Environmental, Social and Governance (ESG) Reporting Guidelines set by the Hong Kong Stock Exchange[81]. - The company has established effective management policies and internal control systems regarding ESG matters during the reporting period[92]. - The company participated in Earth Hour organized by the World Wildlife Fund to promote environmental awareness[95]. - Total greenhouse gas emissions decreased by approximately 21.72% from 91.14 tons of CO2 equivalent in 2020 to 71.34 tons in 2021[100]. - The company has set a goal to conduct environmental-related activities in 2022 to raise employee awareness of greenhouse gas reduction[97]. Employee Management and Training - The company has established a fair and competitive compensation system, including benefits such as medical plans and year-end bonuses[128]. - Approximately 50% of employees received training during the year, with an average training duration of 3.31 hours[147]. - The company has implemented safety policies to prevent and manage workplace accidents, with no reported work-related injuries during the reporting period[138]. - The company has established various communication channels to gauge employee satisfaction, including biannual surveys[129]. - Employee turnover rate for the year ended December 31, 2021, was 56%[135]. Community Engagement and Social Responsibility - The group encourages employees to contribute to recognized charities to support vulnerable groups and individuals in need[166]. - The group has implemented policies to foster a corporate culture of social responsibility and community contribution[166]. - Community investment efforts are focused on areas such as education, environmental issues, and health[198]. - Due to the COVID-19 pandemic, the group did not participate in community investment activities in 2021, but plans to engage with the community once the situation stabilizes[166].
盛源控股(00851) - 2021 - 年度财报