Financial Performance - The company recorded revenue of approximately MOP 155.0 million for the year ended December 31, 2022, a decrease of about MOP 198.1 million or approximately 56.1% compared to the same period in 2021[6]. - The gross profit for the year ended December 31, 2022, was approximately MOP 33.8 million[6]. - As of December 31, 2022, the company's distributable reserves amounted to MOP 37.3 million, down from MOP 62.4 million in 2021[16]. - The company did not recommend any final dividend for the year ended December 31, 2022, consistent with the previous year[15]. - The company is actively seeking to increase revenue and promote long-term development despite ongoing challenges in the global economy[6]. Business Strategy and Outlook - The company maintains a cautiously optimistic outlook for the industry, anticipating gradual recovery in global markets as COVID-19 control measures ease[7]. - The company plans to strategically expand its construction business globally, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area and other regions[7]. - The company aims to seek new business opportunities through mergers and acquisitions and collaborations with globally recognized enterprises[7]. - The company continues to implement strict cost control measures to mitigate adverse impacts on ongoing projects due to global economic instability[7]. Shareholder Information - The net proceeds from the listing on September 10, 2018, were approximately HKD 61.2 million, with specific usage details provided in the annual report[18]. - The company did not purchase, sell, or redeem any shares during the year ended December 31, 2022[65]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a special general meeting[153]. Corporate Governance - The board consists of eight members, including five executive directors and three independent non-executive directors[87]. - The chairman and CEO roles are separated, with Mr. Liu Chao Sheng as chairman and Ms. Liu Qiu Yu as CEO, ensuring effective governance[102]. - The board is responsible for guiding and monitoring the company’s affairs, ensuring effective internal controls and risk management systems[109]. - The company has maintained directors and officers liability insurance throughout the year to provide adequate protection against legal claims[47]. - The board confirmed that there were no related party transactions that fell under the definition of connected transactions as per the listing rules[70]. Risk Management - The company has adopted a three-tier risk management approach to identify, assess, and manage various risks, with business units responsible for the first line of defense[138]. - The board is aware of its responsibilities regarding the effectiveness of risk management and internal control systems, which aim to manage risks to business objectives[135]. - The company has established a risk management framework that includes the identification and assessment of internal and external issues affecting daily operations[181]. Environmental, Social, and Governance (ESG) - The company integrates environmental, social, and governance (ESG) principles into its operations, aiming to build lasting relationships with stakeholders and the community[163]. - The board is responsible for overseeing the company's ESG management, identifying opportunities and risks, and ensuring effective risk management and internal controls[176]. - The company has committed to enhancing employee welfare, service quality, and community engagement as part of its sustainable development goals[169]. - The company has identified significant environmental, social, and governance (ESG) risks, including pandemic risks and climate-related risks, and has implemented measures to mitigate these impacts[182]. Employee and Board Diversity - Approximately 70% of the company's employees are male, while about 30% are female, reflecting the company's commitment to gender diversity[98]. - The company aims to include at least one female director to avoid gender homogeneity on the board[95]. - The board diversity policy considers various factors, including gender, age, cultural background, and industry experience[95]. - The company emphasizes employee development and welfare, addressing labor-related issues such as occupational health and safety[200]. Compliance and Regulations - The group has maintained compliance with relevant laws and regulations that significantly impact its business operations throughout the year[74]. - The company has not identified any violations of applicable laws and regulations in 2022[200]. - The company has established a clear governance framework for ESG, detailing the roles and responsibilities of the board and key management personnel[173].
奥邦建筑(01615) - 2022 - 年度财报