Financial Performance - For the year ended December 31, 2022, the Group recorded a revenue of approximately HK$655,518,000, representing an increase of 34.1% compared to HK$488,964,000 in 2021[17]. - The Group achieved a profit for the year of approximately HK$27,642,000, up from HK$22,783,000 in 2021, reflecting a growth of 21.1%[17]. - Gross profit for the year was approximately HK$103,810,000, with a gross profit margin of 15.8%[10]. - Operating profit for the year was approximately HK$34,834,000, with an operating profit margin of 5.3%[10]. - The Group's gross profit for the same period was approximately HK$103,810,000, an increase of 27.0% from HK$81,733,000 in 2021, with a gross profit margin decreasing from 16.7% to 15.8%[28]. - The Group's profit for the year was approximately HK$27,642,000, compared to HK$22,783,000 in 2021[28]. Assets and Liabilities - Current assets increased to HK$238,006,000, while current liabilities decreased to HK$191,695,000, resulting in net current assets of HK$46,311,000[13]. - Total assets reached HK$413,132,000, with net assets amounting to HK$220,390,000[13]. - The gearing ratio improved to 30.4%, down from 36.7% in the previous year[13]. - As of December 31, 2022, the Group held bank balances and cash of approximately HK$147,991,000, up from approximately HK$123,821,000 in 2021[51]. - The Group's gearing ratio as of December 31, 2022, was 30.4%, down from 36.7% in 2021[51]. - The Group's total borrowings included a mortgage loan of approximately HK$20,416,000 and a term loan of approximately HK$26,430,000, both repayable over five years[51]. Operational Performance - Container throughput at Hong Kong port decreased by 6.3% compared to the previous year, yet the Group outperformed the market[17]. - Total shipment volume for feeder shipping services, carrier owned container services, and barge services increased by 61,803 TEUs or 14.7%, from 420,561 TEUs to 482,364 TEUs[30]. - Gross profit from these services increased by approximately HK$21,071,000 or 30.6%, from approximately HK$68,886,000 to approximately HK$89,957,000[30]. - Sea freight forwarding agency services experienced a decrease in shipment volume of 633 TEUs or 6.8%, from 9,318 TEUs to 8,685 TEUs, but gross profit increased by approximately HK$1,006,000 or 7.8%[31]. - The Group's operational costs amounted to approximately HK$551,708,000, representing an increase of approximately HK$144,477,000 or 35.5% compared to the previous year[36]. - The Group's operational costs amounted to approximately HK$551,708,000, an increase of about HK$144,477,000 or 35.5% compared to the same period last year[38]. Environmental and Sustainability Initiatives - The Group aims to reduce GHG emissions to ≤ 19,559.53 tonnes by 2030[99]. - The company has implemented measures to minimize air emissions, focusing on fuel efficiency and vessel maintenance[100][105]. - The company is committed to creating green offices and has actively implemented electricity savings, emission reduction, and recycling initiatives[91]. - The Group aims to reduce total GHG emissions by 5% by 2030 compared to 2021 levels[107]. - Greenhouse gas (GHG) emissions rose to 23,651.21 tonnes CO2 equivalent in 2022, up from 20,588.98 tonnes in 2021[99]. - Total NOx emissions increased to 604.40 tonnes in 2022 from 525.65 tonnes in 2021[103]. - Total SOx emissions rose to 355.92 tonnes in 2022, up from 309.55 tonnes in 2021[103]. - Total PM emissions increased to 48.89 tonnes in 2022 from 42.52 tonnes in 2021[103]. - The Group has installed energy-efficient equipment and lighting devices in offices to enhance energy efficiency[110]. - The Group is committed to preventing oil spillage and protecting aquatic habitats as part of its environmental responsibility[123]. Human Resources and Employee Welfare - As of December 31, 2022, the Group employed a total of 203 staff, with 149 female and 54 male employees, indicating a strong female representation[138][139]. - The workforce is primarily located in Mainland China (165 employees) and Hong Kong (38 employees), highlighting the geographical distribution of the Group's human resources[140]. - The Group's remuneration and benefits include allowances, holidays, pensions, and a discretionary bonus scheme to reward outstanding employee performance[137]. - Employee turnover rate for females is 12.75% and for males is 7.41%[143]. - The turnover rate for employees under 30 years old is significantly higher at 34.15%, compared to 5.71% for those aged 30-50 and 4.55% for those over 50[143]. - The total training hours for employees in 2022 amounted to 203 hours, with an average of 1 hour per employee trained[152][154]. - 100% of employees across all employment categories received training, including senior, middle level, supervisory, and general staff[154]. - The Group reported zero work-related fatalities and zero lost days due to work injury during the year ended December 31, 2022[148][145]. Governance and Compliance - The Group has complied with all relevant laws and regulations impacting its operations, including anti-discrimination ordinances in Hong Kong and employment regulations in Mainland China[132][134]. - The Group has established emergency policies and procedures to mitigate risks from flooding and extreme weather conditions, ensuring employee safety and asset protection[126][128]. - The Group strictly complies with various laws and regulations, including the Company Law and Anti-Money Laundering Law of the People's Republic of China[171]. - The Group promotes integrity and prevents unethical pursuits through clear reporting channels for suspected business irregularities[175]. - There were no concluded legal cases regarding corrupt practices brought against the Group or its employees[177]. - The Board meets annually to evaluate climate-related risks and formulate strategies for risk management, demonstrating proactive governance[125][129]. Community Engagement and Social Responsibility - The Group donated a total of HK$107,800 to support cultural and social services during the year ended December 31, 2022[180]. - The Group actively maintains communication with non-governmental organizations to understand community needs and support initiatives that create lasting benefits[179]. - The Group has a zero-tolerance policy towards child and forced labor, ensuring compliance with relevant regulations[156]. - No service-related complaints were received during the reporting year, indicating a commitment to service responsibility[164].
永丰集团控股(01549) - 2022 - 年度财报