Corporate Governance - The board of directors has confirmed their responsibility for the financial statements for the year ending December 31, 2022[14]. - The company has appointed three independent non-executive directors, meeting the requirement of having at least one with appropriate professional qualifications or accounting expertise[23]. - The internal audit department maintained a comprehensive internal control system to effectively manage risks and ensure compliance during the reporting period[35]. - The board conducted a review of the effectiveness of the risk management and internal control systems for the year ending December 31, 2022[36]. - The company has established a remuneration committee consisting of three independent non-executive directors to evaluate and provide recommendations on the remuneration policies for directors and senior management[26]. - The board supports senior management in fulfilling their responsibilities and regularly reviews delegated functions and tasks[4]. - The board has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Finance and Investment Committee, each with clear written terms of reference[52]. - The company has a written guideline for employees regarding securities trading, ensuring compliance with the standards set forth in the code[32]. - The company has not identified any issues affecting shareholder equity due to significant risk management and internal control system failures during the year[65]. - The company encourages shareholders to participate in annual general meetings or appoint proxies to vote on their behalf[48]. - The company is committed to maintaining dialogue with shareholders and providing timely disclosures regarding significant developments[70]. Financial Performance - The company reported a statutory capital of $100,000.00, divided into 1,000,000,000 shares with a par value of $0.0001 per share, with no changes in issued shares during the year[79]. - The audit fee for the year ended December 31, 2022, amounted to RMB 2,280,000, with no non-audit services fees incurred[63]. - As of December 31, 2022, the company's distributable reserves amounted to RMB 97.8 million, with a proposed final dividend of RMB 10.7 million for the fiscal year 2022[80]. - The proposed final dividend, if approved at the 2023 annual general meeting, will be paid on June 30, 2023, to shareholders on record as of May 30, 2023[102]. - The company’s financial position and profit for the year ended December 31, 2022, are detailed in the financial statements on pages 109 to 112 of the annual report[98]. - The top five customers accounted for less than 30% of the company's total revenue for the fiscal year 2022, indicating a diversified customer base[82]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended December 31, 2022[81]. Environmental Performance - The company continues to enhance its environmental performance and actively addresses environmental issues through various energy-saving and waste-reduction measures[50]. - The total greenhouse gas emissions for the fiscal year 2022 were 12,464 tons of CO2 equivalent, a decrease from 16,559 tons in 2021, representing a reduction of approximately 24.5%[150]. - Direct greenhouse gas emissions were 1,597 tons of CO2 equivalent, down from 1,890 tons in 2021, indicating a reduction of about 15.5%[150]. - Energy indirect emissions decreased to 10,716 tons of CO2 equivalent from 14,306 tons, reflecting a reduction of approximately 25.1%[150]. - The total greenhouse gas emissions density was 3.51 tons of CO2 equivalent per employee, down from 4.66 tons in the previous year, showing a decrease of about 24.6%[150]. - The company emphasizes the importance of reducing carbon emissions by increasing sales of pure electric vehicle brands and prioritizing energy-efficient equipment[149]. - The company has established a long-term partnership with suppliers for the disposal of hazardous waste, ensuring compliance with legal regulations[152]. - The company has implemented various policies to reduce greenhouse gas emissions and waste, including energy-saving and waste reduction initiatives[175]. - The company aims to ensure that annual energy consumption growth does not exceed the growth rate of its core business[182]. - The company has prioritized the use of environmentally friendly paints and materials in its automotive repair business[176]. - The company has implemented various environmental policies to maximize resource conservation, including energy-saving and waste reduction initiatives[199]. - The company promotes a "think before use" concept to encourage employees to conserve water, electricity, and office supplies[199]. - The company has installed air filtration equipment in spray booths to reduce air quality impact and has prioritized the use of energy-efficient products[193]. Waste and Resource Management - Water consumption decreased to 168,026 cubic meters in 2022 from 178,769 cubic meters in 2021, representing a reduction of approximately 4.9%[185]. - Water consumption density improved to 47 cubic meters per employee in 2022, down from 50 cubic meters per employee in 2021, indicating a 6% decrease[185]. - Non-hazardous waste generation decreased to 895 tons in 2022 from 1,051 tons in 2021, a reduction of about 14.9%[198]. - Non-hazardous waste density per employee improved to 0.25 tons in 2022 from 0.30 tons in 2021, reflecting a decrease of 16.7%[198]. - Hazardous waste generation increased to 552 tons in 2022 from 483 tons in 2021, an increase of approximately 14.3%[198]. - Hazardous waste density per employee rose to 0.16 tons in 2022 from 0.14 tons in 2021, indicating a 14.3% increase[198]. - The company aims to ensure that hazardous waste generation does not exceed the growth rate of its business operations[199]. - The company has adopted a computer archiving system to minimize resource use and promote green file management[183]. Stakeholder Engagement and Social Responsibility - The company has made charitable donations and contributions valued at approximately RMB 100,000 during the fiscal year ended December 31, 2022[108]. - The company has established a stakeholder engagement online survey to assess the importance of ESG issues among various stakeholders[169]. - The company has implemented policies to address stakeholder concerns regarding environmental, social, and governance issues, as reflected in the report[146]. - The company aims to enhance board diversity in terms of age, gender, and ESG-related experience to guide sustainable development[134]. - The company has established a new commodity trading framework agreement with Yangzhou Xinfeng Tai, effective from January 1, 2023, to December 31, 2025, allowing for the sale and procurement of imported cars and auto parts[159]. - The board believes that the terms of the new trading agreement are fair and reasonable, aligning with the overall interests of the company and its shareholders[159]. - The company has made efforts to engage with investors and analysts through meetings and site visits[40]. - The company is focusing on decarbonization commitments and sustainable investments in response to macroeconomic and environmental challenges[165].
新丰泰集团(01771) - 2022 - 年度财报