Financial Performance - As of September 30, 2022, the group's net current assets were approximately HKD 27.2 million, a decrease from approximately HKD 167.0 million in 2021[7]. - The group's cash and bank deposits amounted to approximately HKD 49.0 million as of September 30, 2022, down from approximately HKD 105.9 million in 2021[7]. - The capital debt ratio as of September 30, 2022, was approximately 14.7%, significantly higher than 2.2% in 2021[8]. - The group provided performance guarantees to clients amounting to approximately HKD 25.3 million as of September 30, 2022, compared to approximately HKD 16.0 million in 2021[12]. - No significant investments or acquisitions of capital assets are planned beyond what has been disclosed in the annual report[9]. Corporate Governance - The company has a high proportion of independent non-executive directors, exceeding the requirement of at least one-third of the board[46]. - The remuneration committee reviewed the compensation of directors and senior management, finding it fair and reasonable[52]. - The company is committed to maintaining high levels of corporate governance to build trust with shareholders and stakeholders[33]. - The company has adopted a diversity policy to ensure independent perspectives and opinions on the board[38]. - The audit committee and board of directors will continue to review the need for an internal audit function annually, as the company has not established this function as of September 30, 2022[69]. Environmental Sustainability - The company has implemented the ISO9001 quality management system to rigorously consider reducing significant impacts on environmental resources[62]. - The company has identified significant climate-related issues that may affect its operations[58]. - The total greenhouse gas emissions decreased from 111.00 tons in 2021 to 103.62 tons in 2022, with a per employee emission density of 2.96 tons compared to 3.26 tons in the previous year[159]. - The total energy consumption in 2022 was 167,887 kWh, down from 203,612 kWh in 2021, with a per employee energy density of 4,797 kWh compared to 5,989 kWh[142]. - The total non-hazardous solid waste generated in 2022 was 18,195.60 tons, significantly higher than 8,619.00 tons in 2021, with a per employee waste density of 519.87 tons compared to 253.50 tons[138]. Employee Engagement and Development - The company emphasizes a culture of commitment to employee development, workplace safety, health, diversity, and sustainability, which is essential for attracting and retaining top talent[71]. - The company has established internal procedures to record employee data and regularly review employment practices to avoid non-compliance situations[63]. - The ratio of male to female employees is approximately 1.2:1, a slight improvement from 1.3:1 in the previous year[146]. - The company promotes a positive work environment and employee engagement through various internal communication activities[186]. - The company provided HKD 2,000 to employees in the Hong Kong office who received the COVID-19 vaccine as an encouragement[199]. Risk Management - The company has established a risk assessment plan that includes steps for identifying, analyzing, evaluating, and mitigating risks to reduce unacceptable levels of risk[198]. - The company aims to manage, rather than eliminate, risks that may prevent achieving business objectives, providing reasonable assurance against significant misstatements or losses[188]. - The company has a credit rating and liquidity risk management oversight as part of its investment risk assessment[193]. Stakeholder Communication - The group engages in open and regular communication with stakeholders, including shareholders, employees, and suppliers, to gather feedback and improve ESG performance[104]. - The group is committed to enhancing transparency and accountability in its ESG reporting, adhering to principles of materiality, quantification, balance, and consistency[127]. - The group has established a comprehensive data collection system to identify key ESG issues and performance indicators, which are disclosed in the ESG report[125]. Compliance and Ethics - The company has adopted an anti-corruption policy in September 2022, which is part of its corporate governance framework, ensuring adherence to ethical business practices[93]. - The group has adopted a whistleblowing policy to promote compliance, ethical behavior, and good corporate governance across its operations[118]. - The company is committed to complying with employment regulations in Hong Kong and China, including laws related to equal employment opportunities and labor rights[185].
成志控股(01741) - 2022 - 年度财报