Financial Performance - As of December 31, 2023, the Group's cash and cash equivalents amounted to approximately RMB178.9 million, an increase of 19.5% from RMB149.1 million as of December 31, 2022[3] - The Group's net current assets as of December 31, 2023, were approximately RMB186.2 million, a decrease of 7.5% from RMB200.7 million as of December 31, 2022[3] - The current ratio as of December 31, 2023, was approximately 1.7, down from 1.8 as of December 31, 2022[3] - The gearing ratio improved to 4.4% as of December 31, 2023, compared to 5.5% as of December 31, 2022[3] - The Group had no material capital commitments as of December 31, 2023, consistent with the previous year[3] - There were no material contingent liabilities as of December 31, 2023, unchanged from December 31, 2022[3] - The Group's bank and other borrowings amounted to RMB9,432,000 as of December 31, 2023, down from RMB10,161,000 in 2022, secured by properties with a carrying amount of RMB28,358,000[3] Management and Strategy - The management team is focused on enhancing operational efficiency and expanding the Group's market presence through strategic initiatives[17][18] - The Group aims to leverage technology to improve service delivery and operational management in property management[18][19] - Future strategies include exploring new market opportunities and potential acquisitions to drive growth[17][18] - The Group is committed to continuous improvement in service quality and customer satisfaction in property management[17][18] - The management team emphasizes the importance of professional development and training for staff to maintain competitive advantage[19] - The Group's leadership is well-equipped to navigate the challenges of the property management sector and capitalize on emerging trends[17][18] Workforce and Diversity - As of 31 December 2023, the Group employed 1,187 male employees (56%) and 948 female employees (44%), indicating a gender diversity ratio of 56:44[32] - The Group's workforce includes 340 employees below 30 years old (16%), 1,058 employees aged from 30 to 50 (50%), and 737 employees above 50 (34%)[32] - The Company has implemented recruitment and selection measures to enhance workplace diversity and has established talent management and training programs[34] - The Company aims to maintain at least the current level of female representation on the Board[106] Corporate Governance - The Company has adopted the Corporate Governance Code and complied with all applicable code provisions during the year ended 31 December 2023, except for certain deviations[95] - The Board comprises three executive Directors, one non-executive Director, and three independent non-executive Directors as of the date of the annual report[100] - The Company has complied with the Listing Rules, ensuring at least three independent non-executive Directors are appointed[104] - The Nomination Committee reviews the board diversity policy annually to ensure its effectiveness[106] - The Board reserves decision-making for major matters, including financial information and appointment of Directors[119] - The daily management and operation of the Group are delegated to senior management, with periodic reviews by the Board[119] Risk Management - The Company has established a written risk management policy and maintains a risk register for identification, assessment, and reporting[167] - The management team completed a risk assessment for the Group and reported the findings to the Board and Audit Committee on February 26, 2024[169] - The Board is responsible for reviewing the effectiveness of the risk management and internal control systems at least annually[162] - The Group's risk management systems cover all operational departments to manage key factors affecting strategic objectives[162] - The Company has rolled out training programs to enhance risk awareness among staff, balancing business expansion and risk management[164] Anti-Corruption Measures - The Group reported no incidents of corruption against its members for the year ended December 31, 2023[1] - Anti-corruption training was provided to management and staff, focusing on materials from the ESG Academy by HKEX for the year ended December 31, 2023[1] - The Group has established binding integrity agreements with suppliers to prevent bribery and collusion[1] - The Group's risk management department processes reports of abuse, which are then scrutinized by the internal audit department[1] - The Group is committed to strengthening its anti-corruption system to promote good corporate governance[1] Financial Disclosures and Transactions - The Company aims to ensure that disclosed information is not misleading and is communicated in a timely manner[164] - The Company has a shareholders' communication policy that aims to establish a two-way relationship and maintain an updated website for public access to information[194] - The Directors confirmed their responsibility for preparing financial statements that provide a true and fair view of the Company's affairs and results[179] - The Company has not established a written policy regarding risk management, which is required by the CG Code[198] Board Meetings and Committees - The Company held four board meetings and zero shareholder meetings during the year ended December 31, 2023[116] - The Audit Committee held six meetings during the year ended December 31, 2023, to discuss various matters including the auditor's appointment and internal control reviews[148] - The Remuneration Committee did not hold any meetings during the year ended December 31, 2023, due to delays in the publication of the Group's annual results[131] - The Nomination Committee did not hold any meetings during the year ended December 31, 2023, due to delays in the publication of the Group's annual results[153]
力高健康生活(02370) - 2023 - 年度财报