Financial Performance - Revenue for the year totaled MOP 143.0 million, impacted by the COVID-19 pandemic[11] - The Group recorded total revenue of MOP143.0 million for the year, representing a year-on-year decrease of 22.5% from MOP184.5 million in 2021[24] - Gross profit was MOP25.1 million with a gross profit margin of 17.5%, down from MOP43.4 million and 23.5% in 2021[24] - Net profit decreased to MOP9.3 million, resulting in a net profit margin of 6.5%, compared to MOP26.2 million and 14.2% in 2021[24] - The Group's profit for the year decreased by MOP 16.9 million or 64.5%, primarily due to the combined effects of reduced revenue and increased costs[45][49] Economic Outlook - The Macau economy is projected to expand by 20.5% to 44.1% in 2023, with government revenue estimated between MOP 55 billion and MOP 66.1 billion[16] - Gaming sector revenue increased by 82.5% year-on-year to MOP 11.6 billion in January 2023, marking the highest monthly revenue since January 2020[16] - The Macau economy is projected to grow by 20.5% in 2023, with government revenue expected to reach between MOP55 billion and MOP66.1 billion[18] Business Strategy and Operations - The company continued to win new electrical and mechanical contracts, with future value expected to be reflected soon[11] - The company has reinforced ties with vendors, business partners, customers, and the Macau SAR Government[11] - Internal operations have been optimized, leading to greater efficiencies and cost savings[11] - Plans are in place for the company to expand into new sectors to facilitate further development[16] - The Group aims to enhance its operations and expand into new areas to lead in the recovery of the E&M industry in Macau[18] Workforce and Employment - The company maintained its workforce without redundancies in 2022, reflecting its commitment to corporate social responsibility[12] - The Group had 61 employees in Macau as of December 31, 2022, an increase from 59 in 2021, comprising 42 Macau residents and 19 non-residents[70] - The Group's commitment to employee training and promotion opportunities aims to boost employees' sense of belonging and achievement[115] Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG Report focuses on the performance of electromechanical engineering and management services, with an emphasis on environmental KPIs limited to operations in Macau[87] - The Group aims to enhance its ESG risk management framework with the assistance of external consulting agencies in the future[93] - The Group's commitment to sustainability includes regular reviews of ESG-related strategies and targets by the Board[93] - The Group has identified key stakeholder groups and actively engaged them through various communication channels, collecting a total of 55 valid responses regarding ESG-related issues[106] Compliance and Risk Management - The Group emphasizes the importance of regulatory compliance to avoid penalties and ensure smooth business operations[97] - There were no violations of relevant laws and regulations that significantly impacted the Group during the reporting period[99] - The Group's compliance status indicates no significant issues with employment-related laws during the reporting period[99] Training and Development - The Group provided an average of 25.44 hours of training per trained employee during the reporting period[137] - The Group organized a series of training programs tailored to different departments and positions, including orientation training for newly recruited employees[136] - The total percentage of employees trained decreased to 14.8% in 2022 from 62.7% in 2021[197] Sustainability and Environmental Impact - Total GHG emissions for the reporting period amounted to 32.04 tonnes, a decrease of approximately 2.0% from 32.69 tonnes in 2021[170] - The Group has implemented energy efficiency measures, waste management strategies, and pollution prevention plans to meet sustainability goals[159] - The Group aims to strengthen its internal environmental management system to further reduce the environmental impact of its operations[189] Customer Relations - The Group received no customer complaints during the reporting period, indicating a positive customer experience[149] - The Group emphasizes continuous improvement in construction quality to enhance customer confidence and build long-term partnerships[139]
濠江机电(01408) - 2022 - 年度财报