Business Performance - The company reported a significant recovery in its business despite the ongoing COVID-19 pandemic, benefiting from a shift to online sales and a rebound in the restaurant sector[7]. - The group recorded revenue of approximately HKD 93.3 million for the year ended December 31, 2022, an increase of about 8.5% compared to approximately HKD 86.0 million in the same period last year[19]. - Revenue from food processing and trading, including transportation services, was approximately HKD 67.2 million, up from HKD 59.4 million in 2021[19]. - The group incurred a pre-tax operating loss of approximately HKD 14.4 million, an improvement from a loss of approximately HKD 25.6 million in the previous year[20]. - The group recorded a net loss of approximately HKD 13.6 million for the year, an improvement from a net loss of approximately HKD 26.1 million in the previous year[24]. - The group’s net current assets were approximately HKD 14.6 million as of December 31, 2022, down from HKD 20.5 million in 2021[26]. - The debt-to-asset ratio was approximately 3.0% as of December 31, 2022, consistent with the previous year[27]. - The group believes the worst is over and holds an optimistic outlook for the coming year, planning to develop better business strategies based on the latest business environment[68]. Strategic Initiatives - The company expanded its operations into fresh and frozen food trading and processing, contributing to substantial revenue growth[7]. - The company plans to leverage the growth of the Hong Kong restaurant industry through investments in joint ventures, expecting an increase in future sales and revenue[13]. - The company is actively exploring potential acquisition targets to strengthen its business operations[7]. - The company aims to be the primary supplier of food and beverage materials for all restaurants in the joint venture, which is expected to boost future sales[13]. - The company has entered into a lease agreement for a joint venture restaurant, with a term of three years starting from May 15, 2021[11]. Shareholder and Financial Management - The company acknowledges the support of its shareholders and is dedicated to achieving better business performance and results[8]. - The company successfully raised approximately HKD 39.9 million by issuing 350,000,000 shares at HKD 0.2 per share during its IPO on June 30, 2017[10]. - The company completed the sale of properties for approximately HKD 45.5 million, with about HKD 22.7 million used to repay bank loans, HKD 18.9 million for settling import procurement deposits, and HKD 3.9 million for expanding joint venture operations[39]. - As of December 31, 2022, the company utilized approximately 50% of the proceeds from the property sale for debt repayment and operational expansion[39]. - The company's distributable reserves as of December 31, 2022, were approximately HKD 50,336,000, down from HKD 73,155,000 in 2021[61]. - The board does not recommend any final dividend for the year ended December 31, 2022[60]. Employee and Governance - The group has not entered into any equity-linked agreements during the year ended December 31, 2022[67]. - The company has not redeemed any shares nor purchased or sold any shares during the year ended December 31, 2022[66]. - The board consists of three executive directors, three non-executive directors, and three independent non-executive directors[129]. - The company is committed to providing a safe and healthy work environment, ensuring equal opportunities for all employees[76]. - The group maintains competitive compensation levels, with employee remuneration linked to performance and regular reviews conducted by the compensation committee[78]. - The major shareholder, Jianjing Venture Limited, holds 1,050,000,000 shares, representing 75% of the company's issued share capital as of December 31, 2022[82]. - The company has established a policy to prevent bribery, which all employees are required to follow[112]. - The company has arranged appropriate liability insurance for directors and senior officers to cover responsibilities arising from company affairs[137]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the company's performance in these areas for the period from January 1, 2022, to December 31, 2022[182]. - The total fuel consumption of the company's truck fleet during the reporting period was 17,553 liters[188]. - Greenhouse gas emissions from mobile sources (road transport) included CO2 emissions of 45,830 kg and CH4 emissions of 3 kg[191]. - The company's annual electricity consumption was 1,552,136 kWh, resulting in indirect emissions of 605,333.04 kg of CO2[192]. - The total annual water consumption was 16,738 cubic meters, with an equal amount of wastewater generated[193]. - The company produced a total of 4,740 kg of CO2 emissions from business travel, with significant distances traveled[194]. - The company has implemented measures to reduce emissions, such as minimizing office lighting and air conditioning during lunch hours[198]. - The company has achieved HACCP and GMP certifications for its production plans, ensuring compliance with strict food safety policies[185]. - The company does not generate hazardous waste and manages non-hazardous waste through a property management company[200].
运兴泰集团(08362) - 2022 - 年度财报