Financial Performance - The group's revenue for the year ended September 30, 2023, was approximately HKD 671.75 million, a decrease of about 22.1% compared to HKD 862.10 million for the previous year[8]. - The net profit for the year ended September 30, 2023, was approximately HKD 67.05 million, down approximately 33.8% from HKD 101.35 million in the prior year[8]. - Adjusted net profit for the year ended September 30, 2023, is approximately HKD 63.76 million, a decrease of about 6.1% compared to the adjusted net profit of HKD 67.87 million for the previous year[18]. - The group reported a gross profit of approximately HKD 209.11 million for the year ended September 30, 2023, compared to HKD 223.18 million in the previous year, indicating relative stability[14]. - The board proposed a final dividend of HKD 0.033 per share and a special dividend of HKD 0.008 per share, compared to HKD 0.043 and HKD 0 for the previous year respectively[9]. Cost Management - The sales and distribution costs remained stable at approximately HKD 51.52 million for the year ended September 30, 2023, compared to HKD 51.83 million in the previous year[16]. - Administrative expenses were approximately HKD 87.14 million for the year ended September 30, 2023, compared to HKD 92.55 million in the previous year, showing relative stability[17]. - The group is actively monitoring and controlling operational costs in response to market inflation and declining purchasing power[21]. Debt and Financial Position - As of September 30, 2023, the group held interest-bearing bank loans of HKD 85 million, an increase from HKD 30 million as of September 30, 2022[25]. - The group's debt-to-equity ratio as of September 30, 2023, was approximately 17.4%, up from 7.5% a year earlier[28]. - The group has no significant contingent liabilities as of September 30, 2023, maintaining a stable financial position[33]. Employee and Workforce - The group employed a total of 411 employees as of September 30, 2023, compared to 396 employees a year prior[35]. - The total number of employees as of September 30, 2023, is 411, an increase from 396 in 2022, representing a growth of 3.8%[174]. - The employee turnover rate for the reporting period is 15.1%, up from 14.6% in the previous year, indicating a slight increase in employee attrition[174]. - The number of trained employees increased significantly to 269, representing 65.3% of the total workforce, compared to 137 (34.6%) in the previous year[184]. Governance and Compliance - The board consists of seven members, including four executive directors and three independent non-executive directors[48]. - All directors confirmed compliance with the standard code for securities trading throughout the year ending September 30, 2023[43]. - The company has established a remuneration committee, nomination committee, and audit committee to oversee governance functions[45]. - The company has adopted a board diversity policy to achieve appropriate balance in professional knowledge, skills, experience, and perspectives[70]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to sustainable development, prioritizing it in long-term goals and has established clear short-term and long-term sustainability visions and targets[121]. - The group has formed a cross-departmental ESG working group to enhance cooperation and achieve consistent performance in environmental, social, and governance matters[121]. - The company aims to reduce all emissions (including air pollutants, greenhouse gases, hazardous and non-hazardous waste, and wastewater) by 3% by 2026 and by 20% by 2036, with a long-term goal of achieving carbon neutrality by 2050[142]. - The company has established an environmental management system certified by ISO 14001:2015 to monitor and improve its environmental impact and operational efficiency[142]. Safety and Health - The company has maintained a zero fatality rate due to work-related incidents for three consecutive years, with no reported work-related injuries in 2023[180]. - Employee training programs are tailored to departmental needs, with a focus on environmental management and occupational health and safety, ensuring compliance with ISO14001 standards[182]. - The company has implemented a comprehensive safety policy, conducting regular safety inspections and providing protective equipment to employees[176]. Supplier and Product Management - The company emphasizes the importance of environmental and social responsibility in supplier relationships, prioritizing those with ISO 14001 certification[188]. - The company has established a responsible chemical management system to ensure the safety of hazardous materials used in its products[192]. - The group adheres strictly to national and local laws regarding product safety labeling, ensuring compliance with regulations such as the Chemical Safety Labeling Regulations in China[197].
星谦发展(00640) - 2023 - 年度财报