Financial Performance - Revenue for the year ended December 31, 2023, was HK$423,708,000, representing a 34% increase from HK$315,701,000 in 2022[10] - The semiconductor sales grew by 43.7% compared to 2022, with a gross profit increase of approximately 28.8%[14] - The photovoltaic business revenue decreased by approximately 5.6% due to RMB exchange rate fluctuations[15] - The loss attributable to equity shareholders was HK$13,389,000, a 283% decrease from a profit of HK$7,313,000 in 2022[10] - Basic and diluted loss per share for 2023 was HK$0.006, compared to earnings of HK$0.003 in 2022, marking a 300% decline[10] - The total revenue for the Year was approximately HK$423.7 million, representing an increase of 34.2% compared to approximately HK$315.7 million for the year ended 2022[28] - The Group recorded a loss attributable to equity shareholders of approximately HK$13.4 million for the Year, compared to a profit of approximately HK$7.3 million for the year ended 31 December 2022[29] - Revenue from sales of semi-conductors contributed approximately HK$367.0 million for the Year, up from approximately HK$255.3 million for the year ended 31 December 2022[31] - Revenue generated from photovoltaic power reached approximately HK$53.0 million for the Year, down from approximately HK$56.2 million for the year ended 31 December 2022[38] Future Outlook - The Group anticipates stable revenue for the photovoltaic business in the future due to growing domestic demand for new energy sources[15] - Looking ahead to 2024, the Group expects an acceleration in global and domestic economic growth, with increased demand for semiconductor products[16] - The Group anticipates an increase in demand for semiconductor products and new energy due to global carbon reduction trends, focusing on sales of semiconductor and photovoltaic power segments in 2024[75] Expenses and Financial Management - Administrative expenses increased by approximately HK$1.6 million, or approximately 6.1%, to approximately HK$28.6 million for the Year[41] - Other losses, net were approximately HK$22.9 million, an increase of approximately HK$17.7 million compared to approximately HK$5.2 million for the year ended 31 December 2022[43] - Finance costs amounted to approximately HK$0.8 million for the Year, slightly down from approximately HK$0.9 million for the year ended 31 December 2022[50] - Income tax expense was approximately HK$4.1 million for the Year, compared to approximately HK$4.8 million for the year ended 31 December 2022[51] - The Group recorded a net cash inflow from operating activities of approximately HK$14.8 million, while net cash outflows from investment and financing activities were approximately HK$71.8 million and HK$25.3 million, respectively[58] - The Group's current ratio as of December 31, 2023, was 19.0, slightly down from 19.6 as of December 31, 2022[58] - The Board does not recommend the payment of any final dividend for the year, compared to HK$1.0 cent per share for the year ended December 31, 2022[74] Human Resources - As of December 31, 2023, the Group employed 57 employees, with total staff costs of approximately HK$12.6 million for the year[66] Environmental, Social, and Governance (ESG) Initiatives - The Group's ESG report is prepared based on the principles of materiality, quantification, and consistency, ensuring relevant issues are prioritized[91] - The reporting scope includes major subsidiaries such as Jiangsu Sheen Color Science Technology Co., Ltd. and Xuzhou Shuntai New Energy Power Generation Co., Ltd., focusing on key business segments like sales of sub-processing cigarette films and photovoltaic power generation[94] - The Board is responsible for overseeing the Group's ESG strategy, including risk management and internal control systems[102] - An ESG working team has been established to assist the Board in developing and implementing ESG strategies, ensuring compliance with relevant laws and regulations[107] - The Group conducts regular reviews of ESG-related metrics and compares them with historical data to ensure meaningful assessments[101] - The audit committee, supported by the internal control team, assesses and manages ESG-related risks, which are integrated into the overall risk management processes[108] - The Board tracks and reviews the achievement of ESG objectives at least once a year to ensure continuous implementation of policies[109] - The Group aims to enhance the Board's knowledge and awareness of the ESG landscape as part of its sustainability journey[101] - The Group identified 23 material ESG topics impacting the environment and society through its operations[114] - The Board reviews and validates the materiality process annually to ensure the Group's ESG strategies and goals are met[125] - The highest materiality topics include occupational health and safety, quality and safety of goods/services, and customer satisfaction[124] - The Group engages with a wide network of stakeholders, including employees, customers, suppliers, shareholders, government, and community[126] - The materiality assessment process involves identification, prioritization, and validation to manage sustainability topics effectively[120] - The Group's environmental risk management and waste management practices are considered highly material issues[124] - The Group's commitment to anti-corruption and anti-competitive practices is a key focus area in its ESG strategy[124] - The Group emphasizes the importance of personal data privacy protection and intellectual property rights in its operations[124] - The Board ensures continuous implementation of the Group's policies related to environmental, social, and governance issues[117] - The Group develops multiple engagement channels for stakeholders to express their views on business conduct and sustainability management[130] Environmental Performance - The Group released 40.3 kg of Nitrogen Oxides (NOx), 0.1 kg of Sulphur Oxides (SOx), and 3.9 kg of Particulate Matter (PM) in 2023, showing a decrease in NOx emissions from 46.7 kg in 2022 and PM emissions from 4.5 kg in 2022[142][144] - The Group's effluent discharges have been confirmed as non-material to its operations, ensuring compliance with the PRC Law on the Prevention and Treatment of Water Pollution[145][147] - The Group did not encounter any incidents of non-compliance with applicable laws and regulations related to air emissions, effluent discharges, noise emissions, and greenhouse gases during the year[136] - The Group's environmental management systems ensure strict compliance with environmental regulations and continual improvement towards cleaner practices[134][138] - The Group's activities include manufacturing and printing films, as well as generating photovoltaic power, contributing to its commitment to environmental sustainability[133][134] - Regular maintenance of machinery and vehicles is conducted to ensure fuel efficiency and reduce emissions[137][140] - The Group's total greenhouse gas emissions for 2023 were 451.1 tonnes of CO2 equivalent, a decrease from 481.6 tonnes in 2022, representing a reduction of approximately 6.5%[155] - Scope I emissions decreased from 17.7 tonnes in 2022 to 13.1 tonnes in 2023, a reduction of about 26.0%[155] - Scope II emissions also decreased from 463.9 tonnes in 2022 to 438.0 tonnes in 2023, a decline of approximately 5.6%[155] - The carbon intensity for both Scope I and II emissions remained stable at 0.02 tonnes of CO2 equivalent per square meter of gross floor area for 2023[155] - The Group produced 55.2 million kWh of electricity from photovoltaic power stations in 2023, with sales of 54.7 million kWh, resulting in an overproduction of 0.9%[156] - The replacement of high-environmental impact electricity from fossil fuel sources avoided the release of 31,405.3 tonnes of CO2 equivalent into the environment[156] - The Group aims to reduce its GHG emissions intensity (Scope I + II) by 3% by the end of 2030, using 2022 as the baseline year[159] - The hazardous waste generated by the Group in 2023 totaled 2,076 kg, with a hazardous waste intensity of 0.10 kg per square meter of gross floor area[163] - The Group is committed to minimizing its carbon footprint by encouraging video conferencing and reducing waste generation[160] - The Group's energy reduction initiatives are focused on controlling Scope I and II emissions, while also addressing Scope III emissions throughout its value chain[158] - The total amount of hazardous waste generated in 2023 was 2,076 kg, with a density of 0.10 kg per square meter of gross floor area[165] - The Group's gross floor area in 2023 was 21,321.6 square meters, which was used to calculate the hazardous waste intensity[166] - The total non-hazardous waste generated in 2023 was 681.5 kg, a decrease from 1,327.9 kg in 2022, resulting in a non-hazardous waste intensity of 0.03 kg per square meter[171] - The Group aims to reduce waste generated from operations by 3% in waste intensity by the end of 2030 compared to 2022 levels[173] - The Group consumed 768.1 mWh of electricity in 2023, with a total energy intensity of (2.53) mWh per square meter of gross floor area[176] - Direct energy consumption in 2023 was 47.9 mWh, down from 64.5 mWh in 2022[179] - Indirect energy consumption was (53,938) mWh in 2023, slightly lower than (54,254.6) mWh in 2022[179] - The Group has implemented waste separation systems and recycling initiatives to enhance resource efficiency[172] - The Group did not encounter any incidents of non-compliance with laws related to energy and water resource use in 2023[175] - The Group is committed to minimizing fuel and electricity consumption through various initiatives and will regularly review their effectiveness[181] - The Group aims to reduce GHG emissions from electricity purchases by 3% in energy intensity by 2030 from 2022 levels[183] - The energy intensity in 2023 remained similar to 2022, with both years having a gross floor area of 21,321.6 square meters[186] - Total water consumption in 2023 was 13,927 cubic meters, resulting in a water intensity of 0.6 cubic meters per square meter gross floor area, down from 1.0 in 2022[191][192] - The Group plans to reduce water consumption intensity by 3% by 2025, using 2022 as the baseline year[195] - A total of 6,567.0 kg of packaging material was consumed in 2023, maintaining a packaging consumption intensity of 0.3 kg per square meter gross floor area[197][199] - The Group has implemented energy-efficient systems, including LED lighting and cooling systems, to enhance energy efficiency[186] - The Group regularly checks for water leakages and prioritizes the use of water-saving products[190] - The Group has adopted measures to comply with the Building Energy Efficiency Ordinance to improve energy efficiency in property development[186] - The Group emphasizes sustainable packaging approaches during the design phase of products[198] - The Group is committed to enhancing water efficiency through advanced water recycling facilities[195]
顺泰控股(01335) - 2023 - 年度财报