Environmental Impact - The company reported a total greenhouse gas emissions of 67.16 tons of CO2 equivalent for the fiscal year 2023, an increase from 58.44 tons in 2022, reflecting a 14.8% rise [18]. - The nitrogen oxides (NOx) emissions decreased to 1.13 kg in 2023 from 1.28 kg in 2022, showing a reduction of 11.7% [15]. - The company maintained a total harmless waste density of 0.01 tons per employee for both fiscal years 2023 and 2022, indicating consistent waste management practices [22]. - The total amount of paper waste generated was 0.50 tons in 2023, slightly up from 0.48 tons in 2022, representing a 4.2% increase [23]. - The company aims to reduce total harmless waste density by 2025, using the baseline of 0.01 tons per employee recorded in the fiscal year 2021 [22]. - The company has implemented measures to encourage recycling of office waste, including ink cartridges and electronic equipment, to minimize environmental impact [21]. - The company’s direct greenhouse gas emissions (Scope 1) increased to 28.65 tons of CO2 equivalent in 2023 from 20.97 tons in 2022, marking a 36.5% increase [18]. - The company’s indirect greenhouse gas emissions (Scope 2) rose to 38.51 tons of CO2 equivalent in 2023 from 37.47 tons in 2022, a 2.8% increase [18]. - The total greenhouse gas emissions intensity increased from 1.17 tons of CO2 equivalent per employee in 2022 to 1.20 tons in 2023, with a long-term goal to reduce this intensity by the fiscal year ending December 31, 2025 [38]. - The company encourages employees to use public transportation to reduce carbon emissions [17]. Financial Performance - The group's revenue decreased by 78% to HKD 71,886,000 for the fiscal year ending December 31, 2023, compared to HKD 323,579,000 in 2022, primarily due to reduced interest income from lending activities and a temporary halt in commodity trading with European clients [30]. - The group reported a profit attributable to owners of the company of HKD 26,788,000 for the fiscal year, a turnaround from a loss of HKD 189,249,000 in 2022, mainly due to a reversal of impairment losses on receivables amounting to HKD 10,263,000 compared to an impairment of HKD 209,397,000 last year [30]. - The group's securities investments included a portfolio valued at HKD 9,912,000 as of December 31, 2023, down from HKD 17,033,000 in 2022, with income from this portfolio recorded at HKD 152,000, a decrease from HKD 540,000 in the previous year [32]. - The group experienced a net loss of HKD 7,121,000 from its financial assets measured at fair value through profit or loss during the fiscal year, compared to a net loss of HKD 8,086,000 in 2022 [35]. - The group's debt instruments measured at fair value through other comprehensive income amounted to HKD 4,418,000 as of December 31, 2023, with no income generated from this portfolio during the fiscal year [36]. - The company reported a net loss of HKD 17,659,000 in fair value of debt instruments for the year, an improvement from a loss of HKD 41,883,000 in 2022 [78]. - The total comprehensive income for the year ended December 31, 2023, was HKD 26,788 thousand, with a net loss on debt instruments measured at fair value of HKD (17,659) thousand [150]. - The company’s accumulated losses increased to HKD (1,086,741) thousand as of December 31, 2023 [150]. - Basic earnings per share were HKD 0.13, compared to a loss per share of HKD 0.93 in 2022 [198]. - The total comprehensive income attributable to owners was HKD 20,591,000, compared to a total comprehensive loss of HKD 223,831,000 in the previous year, which included a net fair value loss on debt securities of HKD 17,659,000 [199]. Employee and Training Metrics - In the fiscal year 2023, the percentage of male employees increased to 22% from 4% in 2022, while female employees rose to 24% from 12% [55]. - The age group of 41 to 50 years saw a significant increase in employment, with 48% in 2023 compared to 17% in 2022 [55]. - The average training hours per employee for males was 8.75 hours in 2023, up from 6.92 hours in 2022, while for females it was 3.54 hours, an increase from 5.16 hours [61]. - The percentage of trained senior management employees was 58% in 2023, compared to 61% in 2022, while other employees trained dropped to 12% from 15% [61]. - The percentage of trained employees is calculated by dividing the total number of trained employees during the reporting period by the total number of employees at the end of the reporting period [92]. - The average training hours by category are calculated by dividing the total training hours for specific category employees during the reporting period by the number of employees in that specific category at the end of the reporting period [93]. Compliance and Ethical Standards - The company emphasizes ethical standards and compliance with laws, providing a total of 12 hours of anti-corruption training for directors and employees in 2023 [73]. - The group has a zero-tolerance policy towards corruption, bribery, extortion, fraud, and money laundering, with disciplinary actions for violations including termination of employment [101]. - The group has implemented policies to ensure financial integrity and compliance with anti-money laundering and counter-terrorist financing laws [102]. - The company has implemented a structured supplier evaluation process focusing on quality, environmental performance, and ethical standards [65]. - The group has not found any violations of child labor and forced labor laws during the fiscal year 2023 [94]. - There were no significant violations of health and safety laws reported during the fiscal year 2023, nor any product recalls due to safety concerns [67]. Business Strategy and Outlook - The group adopted a cautious and prudent approach to manage its business amid geopolitical tensions, high inflation, and market uncertainties, reflecting a challenging operating environment [30]. - The group aims to achieve a stable return for its shareholders by continuously developing its business model to reduce operational risks [45]. - The company maintains a cautious optimism regarding its medium to long-term business outlook, despite ongoing geopolitical tensions and market uncertainties [200]. - Management plans to continue a prudent approach in managing the business and seeks new business and investment opportunities that are expected to bring long-term benefits [200]. - The company is evaluating investment opportunities in target companies within the financial sector to expand its business scale and diversify its revenue base [200]. Asset and Liability Management - Non-current assets increased significantly to HKD 183,432,000 from HKD 50,435,000, representing a growth of 264% year-over-year [117]. - Current assets decreased slightly to HKD 2,094,897,000 from HKD 2,189,628,000, a decline of approximately 4.3% [117]. - Cash and cash equivalents rose to HKD 1,312,947,000, up from HKD 1,005,561,000, marking an increase of 30.5% [117]. - Total liabilities decreased from HKD 48,039,000 to HKD 40,818,000, a reduction of about 15% [117]. - The net value of current assets was HKD 2,054,079,000, down from HKD 2,141,589,000, reflecting a decrease of approximately 4.1% [117]. - The total assets minus current liabilities increased to HKD 2,237,511,000 from HKD 2,192,024,000, an increase of about 2.1% [117]. - The company reported a significant increase in deferred tax assets to HKD 6,276,000 from HKD 1,315,000, a growth of 376% [117]. - Trade and other receivables decreased to HKD 127,183,000 from HKD 140,638,000, a decline of approximately 9.6% [117]. - The company has maintained goodwill at HKD 4,000,000, unchanged from the previous year [117]. - The company has recognized a new financial asset at fair value through other comprehensive income amounting to HKD 4,418,000, which was not present in the previous year [117].
中策资本控股(00235) - 2023 - 年度财报