Financial Position - As of September 30, 2023, the capital debt ratio was 0%, compared to 1.1% in 2022, indicating a strong financial position[26]. - The company maintained a robust financial position with internal resources used to meet operational needs[154]. - The group reported a total asset value of HKD 225,000,000 as of September 30, 2023, with no outstanding mortgage loans[124]. - As of September 30, 2023, the group's cash and bank deposits amounted to approximately HKD 271,800,000, an increase from HKD 234,300,000 in 2022[154]. - As of September 30, 2023, the company's distributable reserves amounted to approximately HKD 91.9 million, a decrease from HKD 108.3 million in 2022[145]. Shareholder Returns - The board emphasizes sustainable shareholder returns as a primary goal, with a policy to pay stable interim and final dividends each fiscal year[22]. - The company will not declare dividends if there is reasonable belief that it will be unable to meet its debt obligations post-dividend payment[24]. - The company proposed a final dividend of HKD 0.07 per share for the year ending September 30, 2023, pending approval at the upcoming annual general meeting[133]. Risk Management - The company has implemented a risk management and internal control system to identify and manage significant risks associated with achieving business objectives[7]. - The board has engaged a risk consulting firm to assess the effectiveness of the risk management and internal control systems, with no significant issues found[8]. Environmental Initiatives - The company is committed to reducing emissions and improving indoor air quality, particularly from volatile organic compounds[25]. - The company has implemented various environmental protection measures, including energy-efficient practices and waste management[55]. - The company actively promotes digital technology and paper recycling to reduce waste generation[29]. - The company encourages the use of energy-saving technologies in beauty instruments to minimize environmental impact[1]. - The group has implemented multiple environmental measures to reduce energy consumption and waste generation, promoting sustainability among employees[107]. Employee Management - The company employed 1,073 staff as of September 30, 2023, a decrease from 1,112 in 2022[37]. - Employee training participation was 100% for directors and senior management, and 88% for supervisors and general staff[69]. - The average training hours for male employees was 4 hours, while female employees received an average of 7 hours[69]. - The employee turnover rate is 20% for males and 35% for females, with the highest turnover rate of 45% in the 26-35 age group[90]. - The company is committed to maintaining a harassment-free and equitable work environment, with zero tolerance for discrimination[64]. - The company has established policies to ensure compliance with employment laws, including those related to child labor and forced labor[68]. Supplier Management - The group has a total of 48 major suppliers from various countries, including Hong Kong (23), Mainland China (3), and overseas regions (22) in 2023[73]. - The top five suppliers accounted for approximately 48.8% of the total procurement, with the largest supplier representing 25.0%[144]. - The group prioritizes suppliers that use environmentally friendly materials and complies with local construction requirements[72]. - The group regularly identifies suitable new suppliers to control internal risks and will take relevant procedures to replace suppliers with significant issues[97]. - The group has designed a procurement management system to oversee the entire procurement process, ensuring the selection of suitable suppliers[71]. Compliance and Governance - The company has confirmed compliance with the standard code of conduct for securities trading by all directors during the fiscal year ending September 30, 2023[10]. - The company has complied with all relevant laws and regulations affecting its business and operations as of September 30, 2023[132]. - The group strictly prohibits any actions that violate ethical codes or involve fraud, with no concluded corruption lawsuits reported during the reporting period[126]. - The group encourages anonymous reporting of suspected corruption or unethical activities, ensuring confidentiality in all investigations[127]. - The audit committee reviewed the accounting principles and practices adopted by the group for the fiscal year ending September 30, 2023[161]. Community Engagement - The group engaged over 100 employees in a community recycling initiative, successfully recovering 12 kilograms of used red packets[128]. - The company reported charitable donations of HKD 26,000 for the year, down from HKD 50,000 in 2022[143]. Business Strategy - The company emphasizes sustainable development as a key business strategy to create long-term value for stakeholders[33]. - The company is focused on expanding its beauty service offerings and enhancing its product distribution channels[130]. - The company operates various beauty service brands, including Glycel Skinspa and Oasis Homme, across Hong Kong, Macau, and mainland China[130]. Financial Reporting - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of September 30, 2023[193]. - The company has appointed Hong Kong Lixin Dehao CPA Limited as the independent auditor to fill the temporary vacancy left by Deloitte[190]. - No convertible securities, options, or similar rights were issued or exercised during the fiscal year ending September 30, 2023[157]. - The company has not entered into any stock-linked agreements that would lead to the issuance of shares during the fiscal year[187]. - The company has deferred prepaid treatment services, which are presented as contract liabilities in the consolidated financial position[196]. - Management's estimation of expected unused rights involves significant judgment based on the company's historical experience with prepaid treatment services[197].
奥思集团(01161) - 2023 - 年度财报