Employee and Gender Diversity - As of December 31, 2023, the Group had a total of 2,677 employees, with 1,487 males (55.5%) and 1,190 females (44.5%)[11] - The Board consists of nine Directors, including seven male Directors and two female Directors, with three independent non-executive Directors representing one third of the Board[6] - The Company does not intend to set measurable gender diversity objectives, focusing instead on equal opportunities in the recruitment process[12] - The Board is committed to promoting gender diversity at all levels, including management, and will review gender diversity in accordance with business development[6] Internal Control and Risk Management - The Company has adopted a series of internal control policies and procedures to ensure effective operations, reliable financial reporting, and compliance with applicable laws and regulations[20] - The Board conducted an annual review of the risk management and internal control systems, confirming their effectiveness and adequacy for the year ended December 31, 2023[24] - The internal audit department performs annual risk assessments and monitors key controls to ensure the internal control system functions as intended[20] - The Company has established risk management policies to identify, evaluate, and manage operational risks, with each department responsible for maintaining a comprehensive risk register[23] - The Group has adopted enhanced internal control procedures to prevent non-compliance incidents[25] - The Audit Committee receives periodic summary reports from the internal audit department regarding the effectiveness of internal controls[20] Training and Development - The percentage of employees trained in 2023 was 95.2% for males and 95.5% for females, with 73.0% for senior managers and above, 96.6% for middle management, and 95.6% for general staff[45] - Average training hours completed per employee in 2023 were 14.2 hours for males, 13.0 hours for females, 2.3 hours for senior managers and above, 8.5 hours for middle management, and 14.7 hours for general staff[46] - The Group has established a five-year target for staff development to enhance employee training and competency[40] - The Group's training programs cover various areas, including leadership, teamwork, production, and occupational safety[39] Supplier and Quality Management - The Group has a total of 496 approved suppliers, with 455 located in the PRC and 41 in other regions[54] - Suppliers are selected based on product quality, safety standards, production capacity, and compliance with environmental protection standards[51] - The Group's quality management system is certified under ISO9001:2015, covering quality assurance, quality engineering, and quality control[62] - The quality assurance team is accredited by ANSI-ASQ National Accreditation Board under ISO 17020, demonstrating technical competence in calibration and testing[62] - The Group's in-house laboratory is accredited by various international bodies, including CNAS and CPSC, ensuring compliance with international testing standards[62] Corporate Governance and Shareholder Engagement - The Company has established procedures for shareholders to propose candidates for election as directors, ensuring transparency and compliance with regulations[94] - Shareholders can submit written requisitions to the board for special meetings if they hold at least 10% of the paid-up capital[85] - The Company emphasizes the importance of corporate governance and shareholder engagement in its operations[93] - The Company has arranged appropriate Directors' and Officers' liability insurance coverage, which will be reviewed and renewed annually[183] - The Company maintains ongoing communication with shareholders to enhance investor relations and understanding of business performance[153] Environmental Commitment and Performance - The Company is committed to environmental protection and has developed energy conservation and carbon reduction policies[166] - Total greenhouse gas emissions decreased from 265.51 tonnes CO2e in 2022 to 90.29 tonnes CO2e in 2023, a reduction of approximately 66.0%[195] - Total packaging materials used for finished goods decreased from 3,099.57 tonnes in 2022 to 2,240.84 tonnes in 2023, a reduction of about 27.7%[197] - Total electricity consumption decreased from 23,345.70 MWh in 2022 to 22,288.40 MWh in 2023, a decrease of approximately 4.5%[197] - Total solid non-hazardous waste generated decreased from 7,735.91 tonnes in 2022 to 6,648.46 tonnes in 2023, a reduction of about 14.1%[195] - The Group is committed to building a "green office" and has implemented measures to reduce printing paper usage[149] Community Engagement and Social Responsibility - The Group made approximately HK$357,000 in cash donations to charitable organizations during the Reporting Period[118] - A total of 3,296 hours were dedicated to knowledge sharing and charity work by the Group during the Reporting Period[118] - The Group has set a 5-year community investment target to enhance its social contributions[119] - The Group supported the Hong Kong Red Cross for the 15th consecutive year as the main sponsor of its annual fundraising campaign[120] - The Group organized volunteer activities with an elderly center to support disadvantaged elderly individuals[129] Financial Performance and Dividends - The Group's results for the year ended 31 December 2023 are detailed in the consolidated statement of profit or loss and other comprehensive income[163] - The Board recommended a final dividend of HK8.0 cents per share, amounting to approximately HK$42.6 million for the year ended 31 December 2023[163] - The Company expects to pay dividends of not less than 30% of distributable profits each financial year[156] - The Company has adopted a dividend policy that considers operations, earnings, capital requirements, and other relevant factors before recommending dividends[156] Compliance and Legal Matters - The Company has not encountered any significant violations of applicable laws and regulations during the financial year[170] - The Group implements a zero-tolerance policy against child and forced labor, ensuring compliance with relevant laws and regulations[48] - The Group requires suppliers to obtain "Customs-Trade Partnership Against Terrorism" certification and undergo regular audits[51] - During the Reporting Period, the Group was not aware of any breaches of laws related to child and forced labor in its operations[48]
隽思集团(01412) - 2023 - 年度财报