Risk Management and Governance - The company has established a risk management framework that includes the board of directors, audit committee, internal audit function, and management to oversee risk management and internal control systems[13]. - The audit committee consists of three independent non-executive directors and meets at least twice a year with external auditors to ensure the effectiveness of financial reporting and risk management systems[6]. - There were no significant monitoring failures or deficiencies identified during the year, and the company maintained sufficient resources and training for its accounting and internal audit functions[8]. - The audit committee reviewed the independence and objectivity of the external auditor, Ernst & Young, and recommended their reappointment for the upcoming year[7]. - The board of directors has conducted meetings to review compliance with risk management and internal control codes, confirming no errors or irregularities were found[17]. - The company has maintained a sufficient risk management and internal control system throughout the year, ensuring operational efficiency and compliance with laws and regulations[8]. - The audit committee plays a crucial role in monitoring the company's financial reporting system and risk management processes, holding regular meetings to discuss identified risks[7]. - The board is committed to integrating risk management features into business operations and property investments, ensuring a robust risk management policy[20]. - The risk management procedures include identifying risk factors, analyzing risk levels, and implementing monitoring mechanisms to mitigate business disruptions[20]. - The company plans to conduct a comprehensive review of its risk scope at least annually to monitor changes and the effectiveness of control mechanisms[20]. Environmental, Social, and Governance (ESG) Initiatives - The company has established a comprehensive governance framework to support its sustainable development strategy, with annual reviews of its environmental, social, and governance (ESG) policies[33]. - The board is responsible for overseeing the effectiveness of the company's ESG risk management and internal control systems, with diverse skills and experience among its members[33]. - The company has identified 16 significant environmental, social, and governance (ESG) issues that impact stakeholders and the economy, which are prioritized for strategic planning[58]. - The board and senior management have engaged in assessing the importance of ESG issues, collecting stakeholder feedback through surveys[58]. - The company is committed to reducing its operational environmental impact, focusing on air pollutants, greenhouse gas emissions, and wastewater management[65]. - The company has set a greenhouse gas emission reduction target to decrease its emission intensity (tons of CO2 equivalent per million revenue) by 3% from the 2021 baseline by 2026[90]. - The company aims to reduce the total disposal intensity of non-hazardous waste (tons per million revenue) by 3% from the 2021 baseline by 2026[90]. - The total energy consumption intensity (kWh per million revenue) is targeted to decrease by 3% from the 2021 baseline by 2026[90]. - Water consumption intensity (cubic meters per million revenue) is also set to decrease by 3% from the 2021 baseline by 2026[90]. - The company has adopted a comprehensive corporate social responsibility policy to guide its sustainable development strategy[108]. Financial Performance - The company reported a total revenue of HKD 2,450 million for the fiscal year ending December 31, 2023[37]. - The total expenses for non-audit services amounted to HKD 3,116 million[38]. - The total revenue for 2023 was approximately HKD 7,274,368,000, a significant increase from HKD 2,706,963,000 in 2022[100]. - The net loss attributable to shareholders for the year ended December 31, 2023, was HKD 30,100,000, with a loss per share of HKD 0.038, compared to a loss of HKD 476,000,000 and a loss per share of HKD 0.595 for the year ended December 31, 2022[196]. - As of December 31, 2023, the net asset value attributable to shareholders was HKD 1,029,100,000, down from HKD 1,053,000,000 as of December 31, 2022, resulting in a net asset value per share of HKD 1.29 compared to HKD 1.32 in the previous year[196]. - The company did not recommend a final dividend for the year ended December 31, 2023, consistent with the previous year, and no interim dividend was declared[196]. Employee and Workplace Practices - The employee gender ratio as of December 31, 2023, is 63.2% male and 36.8% female, with a commitment to gradually increase the proportion of female employees[40]. - The overall employee turnover rate for 2023 was approximately 27.43%, a decrease from 39.76% in 2022[138]. - The group maintained a zero fatality rate in workplace accidents for three consecutive fiscal years, with no recorded work-related deaths in 2023[146]. - The group provides competitive compensation packages, including medical insurance, retirement plans, and training allowances, to attract and retain talent[141]. - The group emphasizes a fair and transparent recruitment process, ensuring equal opportunities regardless of gender, race, or other personal characteristics[138]. - In 2023, approximately 99.65% of employees participated in training, an increase from 97.59% in 2022[150]. - The average training hours per employee in 2023 were approximately 8.65 hours, down from 11.30 hours in 2022[150]. - The company believes that training and development are crucial for achieving both personal and corporate goals[150]. Community Engagement and Charitable Activities - In 2023, the group donated RMB 1,600,000 to the "Meishan Charity Association" for funding community support projects[181]. - The group plans to increase its charitable efforts to meet community needs, focusing on social welfare, education, health, and culture[181]. - The group encourages employee participation in community activities, including charitable fundraising and volunteer work[181]. Compliance and Ethical Standards - The company emphasizes the importance of protecting customer privacy, with strict management requirements in place to safeguard personal information[173]. - The group has implemented a whistleblowing procedure for employees to report misconduct confidentially[178]. - The group has not been aware of any significant violations of anti-corruption laws that have materially affected its operations in 2023[178]. - The group reported no concluded corruption lawsuits against it or its employees in 2023[178].
渝太地产(00075) - 2023 - 年度财报