Financial Performance - The total revenue for the year ended December 31, 2022, was approximately HKD 16.3 million, a decrease of about 46.2% or HKD 14.1 million compared to HKD 30.4 million for the year ended December 31, 2021[10]. - The annual loss from continuing operations increased from approximately HKD 21.5 million for the year ended December 31, 2021, to approximately HKD 33.2 million for the year ended December 31, 2022, primarily due to a decrease in rental income from the owned leasing fleet[13]. - Total assets as of December 31, 2022, were HKD 102.1 million, down from HKD 153.9 million in 2021[10]. - Total liabilities decreased to HKD 25.7 million in 2022 from HKD 47.8 million in 2021[10]. - The net asset value as of December 31, 2022, was HKD 76.4 million, compared to HKD 106.2 million in 2021[10]. - The total gross profit from continuing operations for the year ended December 31, 2022, was approximately HKD 5.1 million, down about 71.0% or HKD 12.4 million from HKD 17.5 million for the previous year[16]. - The group's revenue decreased from approximately HKD 30.4 million for the year ended December 31, 2021, to approximately HKD 16.3 million for the year ended December 31, 2022, representing a decline of about 46.2%[30]. - The group's net loss increased from approximately HKD 21.5 million for the year ended December 31, 2021, to approximately HKD 33.2 million for the year ended December 31, 2022[40]. Business Operations - The revenue from machinery leasing services decreased from approximately HKD 30.1 million for the year ended December 31, 2021, to approximately HKD 16.0 million for the year ended December 31, 2022[19]. - The overall sales from the trading of machinery, tools, and parts decreased from approximately HKD 0.2 million for the year ended December 31, 2021, to approximately HKD 36,000 for the year ended December 31, 2022[21]. - Revenue from transportation and other services increased from approximately HKD 0.1 million for the year ended December 31, 2021, to approximately HKD 0.3 million for the year ended December 31, 2022[22]. - The foundation engineering and supporting services business did not generate any revenue for the year ended December 31, 2022[24]. - The company completed the sale of Yummy Network on April 29, 2022, to focus on more profitable segments[18]. Shareholder and Market Engagement - The company plans to closely monitor market opportunities to maximize returns for shareholders and investors amid ongoing economic uncertainties[13]. - The company acknowledges the gradual recovery of the local construction industry as pandemic measures are eased, which may positively impact future performance[13]. - The company expresses gratitude to business partners and customers for their support over the years[13]. - The management team and employees are recognized for their contributions to the company[13]. Corporate Governance - The board consists of seven members, including four executive directors and three independent non-executive directors, ensuring a balanced distribution of power and authority[87]. - The company has adopted a board diversity policy, focusing on factors such as gender, age, cultural background, and professional experience, with a current male-only board composition[91]. - The company plans to enhance gender diversity by considering the appointment of a female director by December 31, 2024[92]. - The board has not established a dividend policy, deciding on future dividends based on various factors including market conditions and financial performance[82]. - The company is committed to continuously reviewing its corporate governance practices to meet regulatory requirements and shareholder expectations[83]. - The board has delegated daily operations to management while retaining oversight of overall strategy and performance evaluation[90]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to environmental, social, and governance (ESG) initiatives, showcasing its dedication to sustainable development[137]. - The company has established waste management policies to ensure proper handling and disposal of hazardous and non-hazardous waste generated from operations[172]. - The company has implemented measures to manage and reduce environmental impacts, including engine shutdown during idling and route optimization to minimize fuel consumption[165]. - The company aims to reduce its greenhouse gas emissions density by 3% by the end of 2026, based on a 2021 baseline of 2.12 tons of CO2 equivalent per employee[166]. - The company has identified potential climate-related risks and has integrated climate risk management into its overall business strategy[187]. Employee Management - The total number of employees (excluding directors) as of December 31, 2022, was 15, down from 20 on December 31, 2021[180]. - The company actively seeks to implement additional benefits and welfare arrangements to enhance employee retention and belonging[200]. - The company provides a comprehensive benefits plan, including medical insurance, to support employee welfare[196]. - The company is committed to maintaining a diverse and inclusive workplace culture, ensuring equal opportunities for all employees[198]. - The overall employee turnover rate improved to approximately 28.57% in 2022 from 37.50% in 2021[193].
维亮控股(08612) - 2022 - 年度财报