Environmental Management - The company implemented a new oil vapor recovery online monitoring system, achieving 24-hour monitoring of VOCs emissions[5]. - The oil vapor recovery efficiency reached 95% through the deployment of recovery devices during the loading process[2]. - The average annual pollutant discharge concentration for Chemical Oxygen Demand (COD) was 230 ppm, well below the limit of 450 ppm[11]. - The company conducted comprehensive testing of approximately 1,700 sealing points to ensure effective control of VOCs leakage risks[1]. - The nitrogen storage facilities were put into use to minimize unorganised volatilisation of VOCs in pipelines[4]. - The company plans to operate a new biochemical wastewater treatment plant in 2023 to enhance wastewater management capabilities[10]. - Regular pressure tests on hoses were conducted to prevent leakage incidents[4]. - The company adhered to strict regulations regarding wastewater discharge, ensuring no direct discharge of pollutants into water bodies[9]. - The company strictly follows the Manifest System for Transfer of Hazardous Wastes, engaging qualified units for safe disposal and utilizing a Dynamic Management Information System for real-time tracking of hazardous waste treatment[29]. - The company promoted paper recycling in the office area to reduce non-hazardous waste, primarily consisting of office domestic waste and paper[23][30]. - The company implemented measures to comprehensively monitor water resource utilization by measuring water consumption and wastewater discharge during the storage process[43]. - Through reasonable planning of material classification and storage area, the company reduced the length of the pipe in the tank washing process, increasing the efficiency of water resource utilization[43]. - The company strengthened control over cooling water in canned pumps, aiming to reduce water consumption while ensuring cooling conditions are met[43]. - The company transfers non-hazardous wastes and domestic garbage to material recyclers for unified treatment or recycling[29]. Energy Management - The company has implemented energy management strategies, including setting annual production objectives and analyzing energy use per unit of capacity to improve energy efficiency[34]. - The company actively explores energy-saving technologies and uses low-carbon energy to continuously reduce greenhouse gas emissions during operations[33][39]. - The company advocates for energy conservation measures, such as using energy-efficient LED bulbs and promoting a paperless office environment[38][40]. Safety Management - A dual prevention system for hierarchical safety risk control and hidden hazard investigation was established to enhance risk identification[50]. - The company categorized risks into material, large, general, and low based on quantitative risk assessment criteria, developing corresponding control measures[61]. - The company updated its hierarchical risk control system for production safety, clarifying five lists of major safety risks[57]. - Regular training on safety risk control was conducted to ensure all employees understand risk points and preventive measures[59]. - The company established a continuous improvement mechanism to regularly evaluate the operation of the dual prevention mechanism[60]. - Emergency measures are taken for large risks, establishing operation control procedures for periodic inspection and assessment[63]. - The company conducted comprehensive inspections on all fire hoses and repaired leakage points to prevent water resource waste[43]. - The Company established a dual prevention mechanism for safety risk control and hidden hazard investigation, improving production safety levels[66]. - Regular comprehensive safety inspections were conducted to ensure safety targets and work plans were met across production units[67]. - Specific safety inspections were carried out in high-risk areas such as nitrogen rooms and fire-pump rooms to identify and rectify operational faults[67]. - A cross-check team was formed with three companies to enhance safety inspection and learning during the reporting period[69]. - The Company implemented a safety management system that includes regular meetings, inspections, and training to raise employee safety awareness[71]. - Continuous improvements were made to the safety management structure, including the establishment of a leading group for production safety[74]. - The Company updated its Safety Production Expenses Accrual and Investment Guarantee System to ensure proper allocation of safety funds[74]. - A safety management structure was established, involving various departments to share safety management responsibilities[78]. - The Company emphasized the principle of "Safety first, prioritize prevention and comprehensive control" in its operations[74]. - The Company has established a safety management system, including quarterly safety inspections and hidden hazard investigations[111]. - The Company aims to implement production safety approaches and policies, integrating safety into its development strategy[111]. - Dafeng Port identified and rectified hidden hazards during the reporting period, focusing on equipment aging and maintenance issues[116]. - The company plans to increase investment in manpower and material resources to reduce potential safety hazards[116]. - No safety accidents occurred during the reporting period, indicating effective safety management[118]. - The company completed a SIL3 assessment, considering risks of casualties, environmental damage, and economic impacts[117]. - The implementation of the production safety responsibility system needs improvement, as the incidence of potential safety hazards remains high[116]. - The company aims to establish and improve a production safety management system and strengthen safety responsibility assessments[116]. Occupational Health - All 32 front-line employees underwent occupational health examinations during the reporting period[159]. - The company organized an occupational health training session that covered occupational hazards and preventive measures[159]. - The company has implemented an Occupational Health Management System to enhance employee safety and health protection[148]. - The company has established a Labour Protection Supplies Management System to ensure appropriate protective supplies for employees[148]. - The company has a systematic approach to identifying occupational hazards and investing in health protection[149]. - The company ensures that each front-line employee receives at least one physical examination every year[151]. - The company has not reported any cases of occupational contraindications or suspected occupational diseases during the reporting period[149]. - The company has set standards for the distribution of labor protective supplies according to its management system[148]. - The company has a dedicated safety and environmental protection department responsible for overseeing occupational health management[148]. - A total of 32 frontline employees underwent occupational health examinations during the reporting period[161]. - The company organized one occupational health training session, detailing occupational hazards and preventive measures[161]. - 100% of new employees participated in three-level safety training, and the annual safety retraining participation rate for employees was also 100%[165]. - A total of 14 production safety training sessions were conducted, with 412 total attendances, and assessment results were included in year-end performance appraisals[169]. - The company provided year-end incentives for units and individuals with zero accidents throughout the year[169]. - Regular safety meetings were held monthly, totaling 12 throughout the year, to discuss safety work and address hidden hazards[175]. - Safety drills were conducted regularly to enhance safety awareness and ensure effective emergency response capabilities among employees[177]. - Jiangsu Yancheng Port Storage Petrochemical Co., Ltd. conducted fire emergency drills to enhance employee self-rescue capabilities and safety awareness, aiming to minimize losses from accidents[178]. - The drills included real case simulations and involved multiple steps such as initiating emergency plans, rescuing the injured, and pollution treatment, ensuring effective emergency response[178]. Financial Performance - The trading business recorded revenue of approximately HK$787.2 million in 2022, a decrease of 10.8% from approximately HK$882.5 million in 2021[194]. - The petrochemical products storage business revenue decreased by approximately 66.0% to approximately HK$8.8 million in 2022, down from approximately HK$25.9 million in 2021[195]. - The decline in trading revenue was primarily due to the fifth wave of COVID-19 outbreaks in Hong Kong, which significantly impacted cross-border transport and logistics[194]. - The decrease in petrochemical storage revenue was mainly attributed to the surge in COVID-19 cases in the Yangtze River Delta region and strict transportation controls[195]. - The global economic slowdown and the COVID-19 pandemic have negatively impacted the Group's trading business[190]. - The Group implemented risk management measures, terminating trading of loss-making or high-risk products[194]. - The Group faced increased annual operating costs in the petrochemical storage industry due to rising global commodity prices[190]. - The overall demand for petrochemical storage shrank, leading to a reduction in occupancy rates[190]. - The Group's business activities are primarily focused on trading and providing petrochemical product storage services[193]. - The macroeconomic environment remains complex, affecting the Group's business development[188]. - The PRC economy is expected to gradually recover from COVID-19, impacting the company's operations positively[199]. - The company will adopt a prudent approach to manage its existing business while seizing opportunities in Jiangsu Yancheng's integrated development[199]. - The company plans to rationally reorganize and optimize its resources to enhance operational efficiency[199]. - There will be a focus on simplifying and restructuring to conserve resources[199]. - The company aims to prudently identify investment opportunities for future growth[199]. Governance and Reporting - The Company has a policy in place to ensure shareholder communication and feedback is handled appropriately[82]. - The Company reported a comprehensive overview of its management policy and performance in environmental, social, and corporate governance for the year 2022[87]. - The report indicates that the Company will continuously strengthen the collection of information to enhance performance and disclosure of sustainable development issues[88]. - The Company has prepared the report in accordance with the Environmental, Social and Governance Reporting Guide, focusing on material aspects relevant to its businesses[90]. - The Company emphasizes effective communication with shareholders to ensure timely access to important information regarding financial performance and strategic goals[102]. - The Company maintains a shareholder communication policy to ensure that shareholders' views and concerns are appropriately addressed[109]. - The Company encourages shareholders to participate in general meetings or appoint proxies to vote on their behalf[105]. - The report emphasizes the authenticity, accuracy, and completeness of the disclosed information, ensuring no misleading statements are present[124]. - The Board of Directors approved the report on March 23, 2023, confirming its accuracy and completeness[125]. - The company adheres to the GEM Listing Rules for its disclosures, ensuring compliance with relevant regulations[132]. - The financial summary and consolidated financial statements are included in the annual report, providing a comprehensive overview of the company's performance[134]. - The company reported no work-related injuries or deaths during the reporting period[143].
盐城港(08310) - 2022 - 年度财报