Shareholder Information - The company issued 950,587,991 shares with a par value of HKD 0.10 as of December 31, 2023[20] - The company encourages shareholders to attend the annual general meeting and provides at least 21 days' notice for such meetings[35] - As of December 31, 2023, the total equity held by Ding Wushou is 549,968,695 shares, representing 57.86% of the issued share capital[78] - Ding Tianli holds 21,530,432 shares, accounting for 2.26% of the total issued share capital[78] - Ding Wangyun holds 2,075,183 shares, which is 0.22% of the total issued share capital[78] - The total equity held by Ding Wu Shou and his spouse, Ms. Zeng Yong Xuan, amounts to 53,469,948 shares, which is 5.62% of the total issued share capital[117] - As of December 31, 2023, the major shareholder, Forest Crimson Limited, holds 209,671,000 shares, representing 22.06% of the issued share capital[117] Financial Performance - The company's revenue for the fiscal year ending December 31, 2023, was approximately HKD 372.54 million, an increase of about 5.84% compared to the previous year[196] - The operating profit for 2023 was approximately HKD 23.60 million, a turnaround from an operating loss of approximately HKD 21.04 million in the previous year[196] - The loss attributable to equity shareholders for the fiscal year was approximately HKD 74.63 million, which included a revaluation loss on investment properties of approximately HKD 57.64 million and interest expenses of approximately HKD 35.20 million[196] - Rental income for the fiscal year was approximately HKD 49.79 million, representing about 13.37% of the total revenue, compared to 14.09% in the previous year[198] - The company did not recommend a final dividend for the fiscal year ending December 31, 2023, consistent with the previous year[193] - The company aims to streamline operations to enhance efficiency and implement cost-reduction measures in response to a challenging economic environment[193] - The company plans to diversify its business and explore new sales opportunities while maintaining competitive pricing for high-quality products in the toy and model train sector[197] - The company maintains a diverse customer base, with no single customer accounting for more than 10% of total revenue for the fiscal year[199] Governance and Management - The audit committee confirmed that there were no significant deficiencies in the company's internal control review report[16] - The company has established a shareholder communication policy to ensure timely and equal access to important information for shareholders[19] - The company’s board is responsible for maintaining a robust and effective risk management and internal control system to achieve business strategies[31] - The board of directors includes experienced members, with the chairman and managing director having served since the company's inception in 1989, indicating strong leadership continuity[58] - The company has a diverse board composition, with independent non-executive directors confirming their independence annually, ensuring governance integrity[56] - The company has a commitment to corporate governance, with independent directors actively participating in various committees and initiatives[70] - The board consists of both executive and independent non-executive directors, ensuring a balance of power and independent oversight[86] - The company has appointed Liu Zhenrong as an independent non-executive director in July 2023, bringing 14 years of experience in financial markets[75] - The company’s financial management is overseen by Lau Wai Keung, who has been with the group since 2011 and currently serves as CFO[82] - The company has not made any arrangements for its directors to benefit from purchasing shares or bonds of the company or any other company during the year[104] - There are no significant transactions, arrangements, or contracts involving the company's directors with substantial interests during the year[106] - The company encourages all directors to participate in relevant training courses to enhance their awareness of good corporate governance practices[163] Risk Management and Compliance - The company has implemented a robust internal management system to manage its environmental, social, and governance components, including quality management and responsible supply chain management[131] - The company has achieved ISO 9001:2015 quality management certification, demonstrating its commitment to continuous improvement and quality enhancement[131] - The company is focused on maintaining transparency and compliance with listing rules, as evidenced by the exemption status of certain transactions[54] - The company is committed to maintaining compliance with listing rules, with directors subject to re-election at least once every three years[77] - The company has established supplier qualification review and monitoring procedures to ensure compliance with local laws and regulations, maintaining integrity in the supply chain[158] Environmental, Social, and Governance (ESG) - The company has established key performance indicators (KPIs) to monitor and report on its environmental, social, and governance performance[127] - The company has established an Environmental, Social, and Governance (ESG) Committee to manage and monitor ESG issues, ensuring sustainable governance practices[136] - A robust risk management framework has been implemented, with annual ESG risk assessments conducted by senior management and employees to identify potential risks affecting business operations[137] - The board of directors oversees the company's ESG strategies and performance, ensuring responsible and ethical considerations are integrated into all operational levels[147] - The ESG Committee meets at least biannually to review the company's ESG issues, risks, and opportunities, ensuring that ESG priorities remain a strategic focus[151] - The company is committed to creating long-term value for stakeholders through sustainable business practices and has set specific ESG-related goals and indicators for performance review[147] - The company has identified and implemented measures to address occupational health and safety risks, ensuring compliance with relevant laws and regulations[139] - The company has implemented a comprehensive EHS management system aligned with development strategies and applicable laws, consisting of hazard identification, safety inspections, and emergency preparedness[156] Market and Customer Relations - The company’s major customers accounted for 29% of total sales from the top five customers, with the largest customer contributing 9%[40] - The group reported significant procurement details, with the largest supplier accounting for 19% and the top five suppliers collectively representing 50% of total procurement[53] - The group has a strong focus on expanding its market presence, leveraging the experience of its board members in international business development[71] - The company aims to provide excellent service and quality products to all customers and stakeholders, guided by its six core values[129] - The company is optimistic about future shareholder returns due to the efforts of its experienced management team and ongoing strategic initiatives[193]
开达集团(00180) - 2023 - 年度财报