Financial Performance - The company reported a loss attributable to shareholders of approximately HKD 471.6 million for the year, compared to a loss of approximately HKD 14.12 million in the previous year, primarily due to a fair value loss of financial assets amounting to HKD 622.64 million[13]. - The company's net asset value decreased to approximately HKD 1.36024 billion, down from approximately HKD 1.83184 billion in the previous year[13]. - The company recorded a loss per share of approximately HKD 0.1625, compared to a loss per share of approximately HKD 0.0049 in the previous year[13]. - The financing income for the year was approximately HKD 157,000, down from approximately HKD 270,000 in the previous year[13]. - The company reported a financing expense of approximately HKD 1.77 million, down from approximately HKD 7.06 million in the previous year[13]. - The company's available reserves for distribution to equity holders amounted to HKD 1,157,244,819 as of December 31, 2022, down from HKD 1,544,696,445 in the previous year, representing a decrease of approximately 25%[80]. - No dividends were recommended for the current fiscal year, consistent with the previous year[70]. Investment Strategy - The company plans to continue seeking investment opportunities in the logistics sector, leveraging national strategies such as the "Belt and Road Initiative" and the Guangdong-Hong Kong-Macao Greater Bay Area[8]. - The company is committed to exploring potential investment opportunities in information technology, advanced manufacturing, new energy, and energy-saving and environmental protection sectors[8]. - The company aims to enhance operational capabilities and strengthen risk management to seek optimal returns for shareholders[9]. - The company anticipates that investments in the logistics industry will continue to create optimal returns for shareholders in the post-pandemic period[8]. - The company plans to diversify investments across various sectors, including logistics, information technology, advanced manufacturing, healthcare, and renewable energy[47]. - The company has established investment layouts in logistics infrastructure, supply chain services, advanced manufacturing, and new energy sectors, aiming to create investment returns for shareholders[26]. Financial Management - The group maintained a prudent financial management strategy to minimize financial risks and seek investment opportunities[14]. - As of December 31, 2022, the group had no borrowings, compared to HKD 390 million on December 31, 2021, resulting in a debt-to-equity ratio of approximately 0%[17]. - The group's cash and cash equivalents amounted to approximately HKD 31.53 million as of December 31, 2022, an increase from HKD 26.524 million on December 31, 2021[17]. - The total liabilities to total assets ratio was approximately 0% as of December 31, 2022, compared to 18% in 2021[44]. - The company has no significant foreign exchange risk due to its cash being primarily denominated in USD and HKD[45]. Corporate Governance - The board consists of four directors, including one non-executive director and three independent non-executive directors, ensuring a balance of expertise and experience[135]. - The company has adopted a diversity policy for board members since August 2013, focusing on various diversity aspects such as gender, age, and professional experience[136]. - The board is committed to continuously reviewing and improving corporate governance practices to ensure proper regulation of business activities and decision-making processes[133]. - The company has confirmed compliance with the standards set out in the securities trading code for all directors during the year[134]. - The board has reviewed the company's governance policies and practices, ensuring adherence to legal and regulatory requirements[138]. - The company has received annual confirmation from each independent non-executive director regarding their independence status[139]. Risk Management - The company has established a risk management framework that prioritizes strategic, operational, financial reporting, environmental, social, governance, and compliance risks[173]. - The internal control model is based on the COSO framework, which includes five key components: control environment, risk assessment, control activities, information and communication, and monitoring[175]. - The company regularly reviews major business risk control measures to mitigate risks and improve internal control systems[174]. - The audit committee reviews the need for establishing an internal audit function annually to enhance the effectiveness of risk management and internal control processes, deeming the current systems sufficient and effective[178]. ESG and Sustainability - The company emphasizes its commitment to environmental sustainability, implementing measures such as waste paper recycling and energy conservation[65]. - The company aims to enhance its ESG performance through responsible investment, legal compliance, and community care, aligning with its business strategy to create optimal returns for stakeholders[184]. - The report period for the ESG report spans from January 1, 2022, to December 31, 2022, providing insights into the company's sustainable development efforts[186]. - The board is responsible for overseeing ESG matters and approving the report to ensure its accuracy and completeness[190]. - A comprehensive assessment of ESG issues was conducted to align with stakeholder expectations and market trends[196]. Shareholder Engagement - The company emphasizes high transparency in communication with shareholders and investors through various platforms, including annual general meetings and reports[164]. - The company conducts annual shareholder meetings to engage with stakeholders and understand their concerns[193]. - The company held its annual general meeting on June 22, 2022, where shareholders approved several resolutions, including the re-election of directors[168]. - All directors attended the annual general meeting with a 100% attendance rate, indicating strong governance practices[169].
国开国际投资(01062) - 2022 - 年度财报