Environmental Management and Sustainability - In 2022, the Group's pollutant gas emissions were reported, with waste generated per HKD one million revenue being a key metric[8]. - The Group aims to reduce total waste emissions by 10% per unit of output value within the next three years[9]. - The Group has collaborated with a UK university since 2017 to explore the feasibility of transforming sawdust waste into usable materials, achieving partial success in trials[9]. - The Group has implemented an environmental management system in compliance with ISO14001, focusing on recycling hazardous and non-hazardous wastes[9]. - The Group actively promotes energy-saving measures in its industrial production processes, continuously upgrading to more efficient equipment[11]. - The Group is committed to monitoring and reducing greenhouse gas emissions in line with international standards and local guidelines[15]. - The Group has adopted eco-friendly practices in office design, maximizing natural light and reducing waste during renovations[9]. - The Group's Board is responsible for overseeing the strategies and performance of environmental, social, and governance (ESG) initiatives, which are essential for long-term corporate success[66]. - The establishment of an ESG Committee has been made to formulate development strategies and monitor related risks, ensuring compliance with regulatory requirements[68]. - The Group's commitment to sustainable development includes efforts towards environmental protection and achieving ecological balance[64]. Employee Welfare and Management - The Group strictly complies with local labor standards and has implemented a Personnel Management System to ensure a healthy working environment for employees[16]. - The Group offers various welfare incentives, including pension plans and medical insurance, to attract and retain talent[19]. - Total number of staff decreased from 1,597 in 2021 to 1,565 in 2022, a reduction of approximately 2%[22]. - Employee turnover rate increased from 27.0% in 2021 to 30.3% in 2022 for Mainland China, indicating a rise in staff attrition[22]. - The Group maintained a very low rate of work-related injuries, with lost days due to work-related injuries increasing to 417.5 days in 2022 from 332.5 days in 2021[24]. - The Group's commitment to employee health included regular health check-ups and various medical insurance schemes[24]. - Hengdeli aims to create a harmonious corporate culture that promotes mutual benefits for employees and the enterprise, focusing on career development and working conditions[64]. Financial Performance and Reporting - The Company's 2022 financial report provides a fair view of its financial position as of December 31, 2022, despite significant impacts from the pandemic[31]. - There was a significant increase in net cash flow from operating activities during the reporting period, indicating strong growth in the Company's internal operations[31]. - The company reported a loss of RMB 88,139,000 for the year 2022, compared to a profit of RMB 20,210,000 in 2021, indicating a significant decline in performance[94]. - Total comprehensive income for the year was RMB (36,037,000), an improvement from RMB (118,709,000) in the previous year, suggesting a reduction in losses[94]. - Non-current liabilities decreased from RMB 39,487,000 in 2021 to RMB 31,464,000 in 2022, reflecting a reduction in long-term financial obligations[98]. - The company's net assets stood at RMB 3,219,834,000 in 2022, down from RMB 3,272,463,000 in 2021, indicating a slight decrease in overall equity[98]. - The company experienced a foreign exchange loss of RMB 195,425,000 on equity investments at fair value through other comprehensive income[94]. - The company reported a decrease in deposits with banks of RMB 25,821,000 in 2022, contrasting with an increase of RMB 53,958,000 in 2021[103]. - The company reported a loss for the year of RMB 80,022,000, which is a decrease from the previous year's loss of RMB 88,139,000, reflecting a 9% improvement[101]. Corporate Governance and Compliance - The Group has established a nomination committee to oversee the appointment of Directors and succession planning[5]. - The audit committee is responsible for reviewing accounting principles and practices, ensuring compliance with financial reporting standards[29]. - The Company is committed to compliance with laws and regulations regarding bribery, fraud, and money laundering, with no significant violations reported during the year[41]. - The Group maintained effective communication with investors and shareholders, primarily through telephone conferences due to the COVID-19 pandemic, enhancing their understanding of the Group's strategies and operations[59]. - The Group's communication policy with shareholders was deemed effective, facilitating timely and in-depth understanding of the Group's performance and strategies[59]. - The Group's policies for investments in debt and equity securities involve recognition on the date of commitment to purchase or sell, with initial measurement at fair value plus transaction costs[170]. - The Group's financial statements are prepared on a historical cost basis, except for certain assets stated at fair value as per accounting policies[156]. - The Group's financial reporting is in compliance with HKFRSs, ensuring consistency in accounting policies across subsidiaries and associates[171]. Risk Management and Credit Losses - The Group recognizes expected credit losses (ECLs) for financial assets measured at amortized cost, including cash and cash equivalents, and trade and other receivables[191]. - ECLs are measured as the present value of expected cash shortfalls, which is the difference between cash flows due to the Group and expected cash flows[192]. - The Group assesses whether a financial asset is credit-impaired at each reporting date, indicating detrimental impacts on estimated future cash flows[194]. - The Group's loss allowance for debt securities measured at FVOCI is recognized in other comprehensive income and accumulated in the fair value reserve[194]. - The Group's credit losses are assessed using reasonable and supportable information available without undue cost or effort, including past events and forecasts of future economic conditions[192]. Board Diversity and Composition - The Group has adopted policies on board diversity, considering various factors including gender, age, and professional experience[45]. - The nomination committee will discuss and develop measurable objectives for board diversity from time to time[45]. - The nomination committee is responsible for identifying suitable and competent candidates for Board members[45]. - The Board appointed Ms. Qian Weiqing as an independent non-executive Director on 21 March 2023, thereby increasing the diversity of the Board[45].
亨得利(03389) - 2022 - 年度财报