Environmental Sustainability - The company aims to reduce greenhouse gas emissions by 15% by 2025, with a notable decrease in emissions during 2023 attributed to reduced business travel and effective energy-saving strategies[2]. - Energy consumption decreased during the reporting period, primarily due to fewer business trips and the implementation of energy-saving measures, with a target to reduce energy usage by 15% by 2025[7]. - The company is actively seeking ways to reduce water consumption in its offices, with a goal to decrease water usage by 5% by 2025[8]. - The company is committed to reducing carbon emissions through comprehensive energy-saving measures and the introduction of renewable energy sources[15]. - The company reported a total emission of nitrogen oxides at 1.96 kg in 2023, a decrease from 2.37 kg in 2022, representing a reduction of approximately 17.3%[132]. - The company recorded a total emission of sulfur dioxide at 0.25 kg in 2023, down from 0.65 kg in 2022, indicating a reduction of about 61.5%[132]. - The company has established an ESG working group to address ESG issues, including climate change, and to set operational emission targets[134]. - The company has a commitment to environmental protection through practices such as recycling and energy conservation[113]. Employee Development and Safety - The number of employees receiving training increased significantly from 84 in 2022 to 314 in 2023, indicating a focus on employee development and safety training[32]. - Employee turnover rate decreased significantly, with male turnover at 20% in 2023 compared to 67% in 2022, and female turnover at 5% compared to 32%[57]. - The workforce composition shifted, with the percentage of employees aged 30 or below increasing to 49% in 2023 from 14% in 2022[57]. - There were no health and safety-related government penalties or lawsuits during the reporting period, consistent with the previous year[59]. - The group has not recorded any work-related deaths or lost workdays due to injuries, demonstrating a strong focus on occupational health and safety[72]. - The company has implemented anti-corruption training for employees, with a focus on enhancing ethical standards within the organization[37]. Quality Management - The company has not received any significant product or service-related complaints during the reporting period, maintaining a strong quality assurance standard[34]. - The group maintained a strong commitment to quality management, achieving ISO-9001 certification, reflecting its ability to meet customer needs[63]. - The group has implemented a robust quality management system to monitor the entire production process, ensuring product safety and quality[65]. - The group actively seeks opportunities to improve product quality and environmental sustainability through supplier assessments and audits[63]. - The group has established a supplier evaluation and approval standard, hiring all new suppliers based on compliance, environmental, health and safety management, and quality management performance[63]. Corporate Governance - The company emphasizes high standards of corporate governance to enhance shareholder value and protect shareholder interests[171]. - The company has complied with the corporate governance code during the review year, except for deviations from specific provisions[172]. - No management contracts were established that would benefit directors or their associates through the purchase of the company's shares or bonds[187]. - The company maintains sufficient public float as required by listing rules[188]. - The company appointed Dr. Wu Zhi Li as an independent non-executive director and member of the audit, remuneration, and nomination committees[190]. - The company’s external auditor, Lo Shen Mei CPA, has been engaged to audit the financial statements for the year ending December 31, 2023[190]. - The audit committee has reviewed the audited performance for the year ending December 31, 2023, and agreed on the adopted accounting policies[190]. - The company has complied with or been exempted from the disclosure requirements under Chapter 14A of the Listing Rules for related party transactions during the year ending December 31, 2023[200]. Financial Performance - The group maintained stable EBITDA and share-based payment expenses for the year ending December 31, 2023, consistent with 2022[49]. - The group's gross profit margin for the year ended December 31, 2023, was 17.7%, down from 20.6% in 2022, primarily due to further optimization of internal operations[82]. - The top five customers accounted for approximately 97.9% of the group's total sales, with the largest customer representing about 39.2% of total sales[80]. - The business environment remains challenging due to various factors, including economic uncertainty and changes in consumer spending, which could impact product demand and profitability[116]. - The company has not utilized any financial instruments for hedging purposes during the year[117]. Strategic Goals and Investments - The company continues to invest heavily in research and development for future technologies to maintain its leadership position in the industry[87]. - The company has established strategic goals for the next three to five years to focus on achieving its vision[103]. - The company has a procurement management guideline to manage environmental and social risks in its supply chain[63]. Shareholder Information - The company approved a share consolidation on January 29, 2024, merging every ten shares of HKD 0.01 into one share of HKD 0.10, effective January 31, 2024[123]. - As of December 31, 2023, the company has 6,156,928,860 shares issued[177]. - Major shareholder Huang Weizi holds 2,618,500,000 shares, representing 42.53% of the total issued shares[180]. - Central Faith International Ltd. holds 972,981,013 shares, accounting for 15.80% of the total issued shares[180]. - The company has adopted a stock option plan that allows for the issuance of options not exceeding 10% of the issued shares as of July 31, 2012[158]. - No stock options were cancelled during the reporting period[165]. - The company has not issued any new shares during the fiscal year ending December 31, 2023[125]. - The company did not engage in any purchase, sale, or redemption of its listed securities during the fiscal year[125]. - The company has not entered into any significant contracts with any controlling shareholders or their subsidiaries during the fiscal year[150]. Community Engagement - The company encourages employees to participate in charitable activities to enhance community awareness and engagement[85]. - The company has not made any charitable donations or other contributions during the fiscal year ending December 31, 2023[145].
光启科学(00439) - 2023 - 年度财报