Financial Performance - The Group's total revenue for the year ended 31 December 2022 was approximately HK$1,143.9 million, representing an increase of approximately 2.3% compared to HK$1,117.7 million in 2021[14]. - The Group recorded a gross profit of approximately HK$260.1 million with a gross profit margin of approximately 22.7%, consistent with the previous year[14]. - Profit attributable to equity holders of the Company was approximately HK$105.9 million, an increase from HK$96.3 million in 2021, with basic earnings per share rising to approximately 17.09 HK cents from 15.53 HK cents[20]. - Capital expenditure for the Group amounted to approximately HK$12.5 million, including HK$1.7 million for the addition of new machines[21]. - Revenue for the year ended December 31, 2022, was approximately HK$1,143.9 million, representing an increase of approximately HK$26.2 million, or 2.3%, from HK$1,117.7 million in 2021[42]. - The group recorded a profit attributable to equity holders of approximately HK$105.9 million for the year, an increase from HK$96.3 million in 2021[24]. - Basic earnings per share for equity holders were approximately HK$0.1709, compared to HK$0.1553 in 2021[24]. Revenue Breakdown - Revenue from the integrated plastic solutions segment was approximately HK$587.1 million, accounting for 51.3% of total revenue, an increase of approximately HK$105.7 million, or 22.0%, from HK$481.4 million in 2021[43]. - Revenue from the e-cigarette products segment was approximately HK$553.2 million, accounting for 48.4% of total revenue, a decrease of approximately HK$81.1 million, or 12.8%, from HK$634.3 million in 2021[44]. - Revenue from the medical consumable products segment was approximately HK$3.6 million, accounting for 0.3% of total revenue, an increase of approximately HK$1.6 million, or 80.0%, from HK$2.0 million in 2021[45]. Challenges and Future Outlook - The removal of Exclusivity for e-cigarette products is expected to pressure the Group's performance in this segment[22]. - The macroeconomic environment in 2023 is anticipated to be challenging due to rising interest rates and geopolitical crises[22]. - The group anticipates 2023 to be a challenging year due to macroeconomic factors and increased regulations in the e-cigarette sector[25]. - The Group aims to expand its product range across all segments while maintaining product quality despite rising costs[22]. - The group plans to continue expanding its product range across all divisions without compromising product quality[25]. Environmental and Sustainability Initiatives - The Group has achieved ISO 9001 and ISO 14001 certifications, indicating compliance with international quality and environmental management standards[115]. - The environmental management system was established in accordance with ISO 14001:2015, focusing on minimizing environmental impact through effective monitoring[117]. - The Group complies with all national and local environmental laws, including the Environmental Protection Law of the PRC and related pollution control laws[122]. - The Group has implemented procedures for managing wastewater, exhaust gas, and noise to regulate emissions during daily operations[124]. - The Group's environmental data collection system tracks performance and monitors the efficiency of adopted measures over the years[117]. - The Board oversees long-term sustainable development and formulates clear ESG objectives and targets for the Group[114]. - Stakeholder engagement is prioritized to identify material ESG issues through open dialogue with various stakeholders[109]. - The Group aims to balance economic development with environmental protection and social responsibility in its operations[108]. - Key Performance Indicators (KPIs) are reported to evaluate the Group's ESG performance and progress over time[104]. Carbon Emissions and Waste Management - GHG emissions (Scope 1) decreased from 411 tonnes in 2021 to 157 tonnes in 2022, a reduction of approximately 62%[130]. - Direct emissions from stationary combustion fell from 338 tonnes in 2021 to 92 tonnes in 2022, representing a decrease of about 73%[130]. - The Group aims to reduce carbon emissions by 10% by 2030, using 2021 as the baseline year[130]. - Total GHG emissions for 2022 were reported at 21,522.16 tonnes CO2 equivalent, compared to 21,510.68 tonnes in 2021[134]. - Indirect emissions from electricity consumption were 21,254.92 tonnes CO2 equivalent in 2022, down from 20,984.86 tonnes in 2021[136]. - The emission intensity per million HKD revenue decreased from 19.25 t-CO2 eq. in 2021 to 18.81 t-CO2 eq. in 2022[138]. - The Group has implemented a waste management system that complies with relevant PRC environmental laws[141]. - The Group recorded approximately 60 tonnes of construction waste in 2022, a decrease of approximately 91.0% from 668 tonnes in 2021[143]. - The Group has set a waste reduction target to decrease hazardous and non-hazardous waste by 10% by 2030, using 2021 as the baseline[143]. - The waste intensity for hazardous waste was 0.02 tonnes per million HKD revenue in 2022, down from 0.03 tonnes in 2021[148]. - The waste intensity for construction waste was 0.05 tonnes per million HKD revenue in 2022, significantly reduced from 0.60 tonnes in 2021[148]. Employee and Workplace Practices - As of December 31, 2022, the Group had 1,081 employees, with a remuneration policy based on performance and operational results[79]. - The average monthly employee turnover rate rose to approximately 5.8% in 2022, compared to 4.6% in 2021, indicating a notable increase in employee departures[176]. - The Group provides free housing and meals to employees in Huizhou, promoting a supportive work environment[181]. - The Group has received the SA8000:2014 Social Accountability Certification, recognizing its commitment to socially acceptable workplace practices[181]. - The Group conducts exit interviews to understand resignation reasons and address existing employee concerns, aiming to reduce turnover[179]. - The Group strictly complies with relevant employment laws and regulations, with no reported non-compliance during the reporting period[182]. - The Group implemented a non-discrimination management procedure during the recruitment process, ensuring equal treatment regardless of race, gender, religion, nationality, disability, age, sexual orientation, and gender identity[184]. - The Group emphasizes a clean and tidy working environment, ensuring proper ventilation and sanitation in dining areas[196]. - The human resources department formulates an annual training development plan to enhance employees' occupational skillset[200].
天长集团(02182) - 2022 - 年度财报