Employment and Human Resources - As of December 31, 2022, the company employed 26,685 staff, an increase from 16,709 staff as of December 31, 2021[1]. - The company has established a clear organizational strategy to manage human resources effectively[20]. - The company is committed to promoting gender diversity in its workforce through appropriate recruitment and selection measures[48]. - The company has established comprehensive training programs for employee development, covering various topics including onboarding and professional skills training[173]. Financial Performance - The company achieved a revenue growth of approximately 33.5% in 2022, reaching about RMB 6,276.5 million[37]. - Property management revenue increased by 46.5% to RMB 3,887.8 million, while value-added services for non-owners grew by 11.2% to RMB 964.4 million[37]. - Community value-added service revenue decreased by 7.2% to RMB 1,020.1 million, and urban services revenue rose to RMB 403.4 million[37]. - The company's total revenue for the year ended December 31, 2022, was approximately RMB 942.0 million, with the largest customer, CIFI Group, accounting for 11.1% of total revenue[138]. Corporate Governance - The company aims to enhance its corporate governance practices and ensure compliance with the corporate governance code[26]. - The board of directors has adopted a standard code to regulate transactions involving undisclosed inside information by employees and directors[24]. - The company continues to review and strengthen its corporate governance practices to align with best practices[26]. - The company has established a mechanism to ensure the board receives independent views and opinions, avoiding performance-based equity compensation for independent non-executive directors[32]. - The board of directors has complied with corporate governance code and participated in continuous professional development to enhance their knowledge and skills[99]. Risk Management - The company has established a risk management system that is reviewed annually, with no significant internal control or risk management deficiencies reported[55]. - The company emphasizes the importance of risk management and internal controls to mitigate strategic, operational, financial, and legal risks[71]. - The company's risk assessment procedures consider both internal and external risks that may impact its strategic, operational, compliance, and financial reporting objectives[73]. - The company has a zero-tolerance policy towards corruption and encourages reporting of any suspicious or improper conduct[74]. Shareholder Engagement - The company encourages shareholder participation in annual general meetings to express their opinions and ask questions[62]. - The company has established a shareholder communication policy to facilitate effective communication with shareholders and investors[124]. Board Structure and Committees - The board of directors held four meetings and one annual general meeting during the year ended December 31, 2022, with full attendance from all directors[83]. - The audit committee conducted two meetings to review the financial performance for the year ended December 31, 2021, and the interim financial results for the six months ended June 30, 2022[85]. - The remuneration committee is responsible for reviewing and approving the remuneration policies for directors and senior management, ensuring transparency and alignment with corporate goals[89]. - The nomination committee held one meeting to assess the independence of non-executive directors and review the re-election of retiring directors[96]. - The strategic committee assists the board in formulating and evaluating the company's medium and long-term strategic objectives[97]. Financial Management and Dividends - The company has adopted a dividend policy, with dividends declared at the discretion of the board based on operational performance, cash flow, and financial condition[58]. - The board may decide whether to declare any dividends and their amount, with no predetermined payout ratio[58]. - The company is required by Chinese law to allocate at least 10% of after-tax profits to statutory reserves, which cannot be distributed as cash dividends[58]. - The board proposed a final dividend of HKD 0.0492 per share for the year ended December 31, 2022, subject to shareholder approval[131]. Audit and Compliance - The independent auditor's report on the consolidated financial statements is provided by BDO Limited[169]. - The audit committee's responsibilities include independent review of the company's financial status and monitoring the financial reporting system[85]. - The audit committee reviewed the independence and scope of work of external auditors during the financial year[85]. Company Structure and Ownership - The family trust established by the Lin family is the ultimate holding entity for the company, with Mr. Lin Zhong and Mr. Lin Feng as joint founders[196]. - The company reported a total of 819,326,250 shares owned by Mr. Lin Zhong and Mr. Lin Feng, representing approximately 46.84% of the issued share capital[176]. - Mr. Zhou Hongbin holds 44,695,750 shares, accounting for 2.55% of the company's issued share capital[176]. Debt and Financial Instruments - The total principal amount of the 6% senior notes issued by the company in January 2020 is $567 million, with a maturity date in 2025[184]. - The company issued $150 million of 4.8% senior notes in May 2021, maturing in 2028[186]. - The company has $300 million in 5.375% perpetual capital securities issued in August 2017[187].
旭辉永升服务(01995) - 2023 - 年度财报