Financial Performance - The group recorded a net profit of RMB 1.019 billion for 2022, an increase of RMB 588 million, representing a growth of 136.6% year-on-year[11]. - The group reported other comprehensive losses of HKD 401.6 million for the year, down from HKD 1.0609 billion in the previous year[15]. - The company reported a reserve available for distribution to shareholders of approximately HKD 6,138,557,000 as of December 31, 2022, down from HKD 6,471,550,000 in 2021, representing a decrease of about 5.14%[61]. - No final dividend was recommended for the year ended December 31, 2022, consistent with the previous year[59]. Assets and Liabilities - As of December 31, 2022, the group's total assets amounted to HKD 5.754 billion, down from HKD 6.309 billion in 2021[16]. - The group's net asset value as of December 31, 2022, was HKD 5.2783 billion, compared to HKD 5.7408 billion in 2021[16]. - The group had total loans payable of HKD 294 million as of December 31, 2022, compared to HKD 246.6 million in 2021[18]. - The group maintained a strong liquidity position with a current ratio of 3.9 as of December 31, 2022, down from 5.6 in 2021[18]. Employee and Management - The group employed 29 full-time employees as of December 31, 2022, with total employee costs of approximately HKD 24.5 million, down from HKD 29.2 million in 2021[29]. - The company has a strong focus on employee motivation through its share option and reward schemes[48]. - The remuneration policy for employees is determined by the remuneration committee based on performance, qualifications, and capabilities[157]. - The company continues to prioritize employee knowledge and skills, providing favorable career development opportunities[78]. Corporate Governance - The company has independent non-executive directors with extensive experience in finance and investment, enhancing governance and oversight[54][56][72]. - The board of directors has undergone changes, with new appointments made in 2022, ensuring fresh perspectives in governance[62]. - The company has maintained compliance with legal and regulatory requirements, reflecting its commitment to corporate governance[59]. - The board is responsible for guiding and supervising the management, developing business strategies, and approving the annual budget and business plans[196]. Share Options and Incentives - The company has implemented a share option scheme with a total of 610,925,913 shares available for issuance, representing 10% of the total issued shares as of the plan adoption date[48]. - The maximum number of shares that can be granted under the share incentive plan is 581,176,628 shares, which represents 10% of the company's issued share capital as of the adoption date of the plan[121]. - The 2022 share option plan allows for the issuance of up to 610,925,913 shares, representing 10% of the company's issued shares as of the plan's approval date[93]. - The company aims to attract suitable individuals with relevant experience for its existing and potential new business developments, including integrated resort projects[120]. Risk Management - The management maintains a cautious outlook due to ongoing geopolitical tensions, recession risks, and supply chain restructuring challenges despite global economic recovery from COVID-19[44]. - The company continues to monitor foreign exchange risk exposure and will consider appropriate actions to mitigate such risks when necessary[40]. - The company has no derivative instruments to hedge foreign exchange risks for the year[40]. - The company has no significant contingent liabilities as of December 31, 2022, consistent with the previous year[41]. Shareholder Information - Major shareholders include Sun Cuohong with 1,215,296,600 shares, representing 19.89% of the company, and Mai Shaoxian with 575,003,000 shares, representing 9.41%[130]. - The largest customer accounted for approximately 21% of the group's revenue from continuing operations for the year ended December 31, 2022[133]. - The company has maintained a public float of at least 25% as required by listing rules[158]. Audit and Compliance - The annual performance for the year ended December 31, 2022, has been audited by the auditor Zhongren Zhonghuan (Hong Kong) CPA Limited[188]. - The company will propose the reappointment of Zhongren Zhonghuan (Hong Kong) CPA Limited at the 2023 annual general meeting[189]. - The company has established an audit committee responsible for reviewing and monitoring the financial reporting process and internal controls[140]. - The company complied with the corporate governance code as per the listing rules, except for one specific provision[139].
威华达控股(00622) - 2022 - 年度财报