Financial Performance - Total revenue for the year ended June 30, 2022, was approximately HKD 583,656,000, representing a 21% increase from HKD 481,379,000 in the previous year[21] - The net profit attributable to the company's owners for the year was HKD 25,275,000, up 52% from HKD 16,634,000 in the prior year[13] - Operating profit for the year was approximately HKD 28,000,000, a 47% increase from HKD 19,000,000 in the previous year[21] - The return on equity attributable to owners was 5.9%, compared to 4.0% in the previous year[13] - The group's consolidated revenue for the fiscal year ended June 30, 2022, increased by 21% to approximately HKD 584 million, compared to HKD 481 million in the previous year[29] - Operating profit rose by 47% to approximately HKD 28 million, up from HKD 19 million in the previous year[29] - Net profit attributable to the company's owners increased by 52% to approximately HKD 25 million, compared to HKD 17 million for the year ended June 30, 2021[29] - The carpet business generated revenue of approximately HKD 564 million, a 21% increase from HKD 466 million last year[31] - The overall gross profit margin slightly decreased from 58% to 57% due to the global shipping crisis and increased transportation costs[31] Employee and Workplace Safety - The total number of employees in the manufacturing business increased to 592 from 527 year-on-year[34] - The total number of employees in the company reached 751, an 11% increase from 674 in the previous year[35] - The company continues to focus on employee health, safety, and well-being as a priority during the pandemic recovery[22] - The group has set a target of ≤ 4 total work-related injuries for 2022, achieving this goal with a total of 0 reported injuries[170] - The group has implemented a 100% rectification rate for identified hazards, meeting its target for 2022[170] - The group provided various employee benefits, including accommodation, meal plans, paid leave, and medical insurance, enhancing employee welfare[165] - A total of 516 employees participated in various training courses during the reporting period, including first aid training for employees at the Xiamen production workshop[172] - The group has achieved ISO 45001 certification for occupational health and safety, demonstrating compliance with international standards[167] - The group has established a comprehensive coronavirus emergency plan, including temperature checks and quarantine measures to ensure workplace safety[164] - The group has organized safety training and emergency drills to enhance employee preparedness for accidents[168] - The group has maintained a flexible work arrangement for employees showing symptoms or having been in high-risk areas, ensuring employee safety[164] - The group actively promotes a healthy lifestyle among employees through various interest groups and social activities, fostering a cohesive work environment[165] Corporate Governance - The board emphasizes the importance of diversity, including gender diversity, for business development and has adopted a Board Diversity Policy[68] - The board consists of members with skills and experience applicable to managing the group's business, ensuring compliance with procedures and regulations[70] - The roles of the Chairman and CEO are independent, with clear written responsibilities outlined[71] - The company has four independent non-executive directors, representing over one-third of the board, with at least one possessing appropriate accounting or financial management expertise[72] - The board held a total of five meetings during the year, with all members receiving at least 14 days' notice[82] - The Executive Committee held seven meetings during the year, with all members present at each meeting[89] - The company has purchased appropriate liability insurance for all directors and senior management, with annual reviews of coverage[81] - The board has established four committees: Executive Committee, Remuneration Committee, Audit Committee, and Nomination Committee[87] - All independent non-executive directors confirmed their independence annually, with reappointment requiring shareholder approval if they have served for over nine years[73] - The company provides ongoing professional development training for all directors to enhance their knowledge and skills[78] - The Compensation Committee was established on September 23, 2005, and is responsible for recommending policies regarding the remuneration of directors and senior executives, as well as reviewing performance-based compensation[90] - The Audit Committee held four meetings during the year to review interim and annual reports, and to discuss financial reporting, risk management, and internal control matters[94] - The external auditor, KPMG, received a total of HKD 2,591,000 for audit services and HKD 1,758,000 for non-audit services during the review year[99] - The Nomination Committee reviewed the board's structure, composition, and diversity, and found them to be appropriate, ensuring a diverse range of professional knowledge and qualifications among board members[96] - The board confirmed its responsibility for the effectiveness of the group's risk management and internal control systems, which aim to promote operational efficiency and ensure compliance with relevant regulations[105] - The internal audit function reviewed the effectiveness of the risk management and internal control systems, and the board assessed their effectiveness as sufficient and effective for the year ending June 30, 2022[106] Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the period from July 1, 2021, to June 30, 2022[122] - The ESG report outlines the company's management policies and performance regarding sustainability and its environmental and social impacts[121] - The report is prepared in accordance with the Hong Kong Stock Exchange's ESG reporting guidelines, ensuring transparency and accountability[124] - The board of directors approved the ESG report on September 16, 2022[127] - The company encourages stakeholder feedback to enhance its ESG development[128] - The company has set various key performance indicators related to environmental performance, achieving targets such as zero environmental pollution incidents and compliance with water and air pollution discharge standards[145] - The company is committed to reducing greenhouse gas emissions primarily generated from manufacturing and transportation, with measures implemented to minimize emissions by locating operations closer to local markets[146] - The company has established an Environmental, Health, and Safety department responsible for managing policies and procedures related to environmental protection and resource management[129] - The company has identified 21 sustainability issues, with 12 prioritized as important based on stakeholder feedback[135] - The company conducts annual internal and external environmental audits to ensure compliance with environmental management regulations, reporting no violations during the reporting period[141] - The company actively engages with stakeholders through various communication channels to understand and meet their expectations and demands[130] - The company has adopted energy-saving measures, including the installation of variable frequency drives and energy-efficient LED lighting systems, to reduce energy consumption[146] - The company has achieved its energy usage targets at its Xiamen production workshop, based on a benchmark from 2019 electricity consumption[146] - The company has established a governance framework for environmental, social, and governance matters, ensuring effective internal communication on sustainability issues[129] - The Xiamen production workshop has advanced equipment and environmentally friendly features, significantly reducing energy consumption through evaporative cooling systems and natural ventilation designs[147] - The group has set a water consumption reduction target based on 2019 levels, aiming to lower water usage per unit of production by 2021[150] - The wastewater treatment facility at the Xiamen workshop can process approximately 200 tons of wastewater daily, ensuring compliance with environmental regulations[150] - The group actively integrates sustainable practices by sourcing natural fibers such as wool, silk, and cotton, which are biodegradable and have lower environmental impacts compared to synthetic fibers[156] - The group has implemented a waste management program to minimize environmental impact, ensuring proper classification and handling of waste materials generated during production[155] Community Engagement and Training - The company emphasizes community investment and sustainable development, focusing on hiring local residents to promote local economic growth[186] - The company conducts annual customer satisfaction surveys to gather feedback on service and product quality, using the data to identify areas for improvement[180] - A total of 548 employees and all directors participated in anti-corruption training, accumulating approximately 274 hours of training during the reporting period[185] - The total number of products sold or delivered reached 86,360 square meters, an increase from 64,135 square meters in the previous fiscal year[195] - The average training hours for managers was 12.43 hours, while for general employees it was 12.47 hours[195] - The percentage of employees receiving training increased, with 94.14% of male and 94.18% of female employees trained[193]

Financial Performance - The group's consolidated revenue for the six months ended December 31, 2021, was approximately HKD 237 million, an increase of 8% compared to HKD 220 million in the same period last year[8]. - Revenue for the six months ended December 31, 2021, was HKD 236,884,000, an increase of 7.0% from HKD 220,342,000 in the same period of 2020[42]. - Sales in the carpet business were approximately HKD 227 million, a 7% increase from HKD 213 million last year, with significant growth in the Asian region, which saw a 56% increase[10]. - The company reported a significant increase in sales of yarn and other products, reaching HKD 10,080,000, compared to HKD 7,073,000 in the previous year, marking a growth of 42.4%[79]. - The net profit for the period was HKD 2,170,000, a decrease from HKD 5,838,000 in the same period last year[96]. - Basic earnings per share for the period was HKD 1.02, down from HKD 2.75 in the same period last year[42]. Operating Profit and Expenses - Operating profit for the period was approximately HKD 3 million, down from HKD 7 million in the previous year, due to increased international shipping costs and the end of temporary rent reductions[8]. - Operating profit decreased to HKD 3,294,000, down 54.0% from HKD 7,172,000 in the previous year[42]. - The total tax expense for the period was HKD 278,000, an increase from HKD 161,000 in the same period last year[93]. - The company reported a net financing cost of HKD 846,000, down from HKD 1,474,000 in the previous year[90]. Cash Flow and Liquidity - As of December 31, 2021, the group's cash and cash equivalents totaled approximately HKD 172 million, a decrease from HKD 178 million as of June 30, 2021, with no bank borrowings[20]. - Operating cash flow generated was HKD 36,673, down from HKD 46,770 in the previous year[59]. - Cash flow from financing activities showed a net outflow of HKD 38,064, compared to HKD 50,035 in the previous year[59]. - The company held cash and cash equivalents of approximately HKD 171,501,000 as of the reporting date, compared to HKD 178,173,000 as of June 30, 2021[71]. Assets and Liabilities - Total assets as of December 31 amounted to HKD 784,796, a slight decrease from HKD 784,877 as of June 30[49]. - The company reported a total liability of HKD 360,430, a marginal increase from HKD 360,094[52]. - Current assets increased to HKD 313,454 from HKD 294,016, with inventory rising significantly to HKD 71,398 from HKD 51,306[49]. - Trade receivables as of December 31, 2021, amounted to HKD 39,221,000, a decrease from HKD 39,682,000 as of June 30, 2021[114]. Capital Expenditures and Investments - Capital expenditures for the period amounted to approximately HKD 4 million, down from HKD 5 million in the previous year[18]. - The company is investing in expanding its carpet manufacturing operations in Georgia, USA, to support long-term growth in the US market[13]. - Capital expenditures totaled HKD 4,265,000, with significant investments in Asia (HKD 3,415,000) and Europe, Middle East and Africa (HKD 336,000)[83]. Shareholder and Dividend Information - The company did not recommend the payment of an interim dividend for the period[16]. - Major shareholders holding 5% or more of the issued share capital include Harneys Trustees Limited with 36.607% and Acorn Holdings Corporation with 18.858%[38]. - The company did not declare any interim dividends for the period, consistent with the previous year[94]. Employee and Management Information - The total number of employees as of the end of December 2021 was 694, compared to 674 at the end of June 2021[23]. - The remuneration for key management personnel increased significantly to HKD 29,909,000 for the six months ended December 31, 2021, compared to HKD 8,317,000 for the same period in 2020[132]. Risk Management and Compliance - The audit committee has reviewed the financial statements and internal control procedures for the period[31]. - The risk management team and policies have remained unchanged since June 30, 2021, ensuring consistent financial risk management practices[70]. - The financial risk factors include foreign exchange risk, price risk, credit risk, liquidity risk, and cash flow and fair value interest rate risk[69]. Future Outlook and Strategies - The group has begun receiving a large number of orders for the second half of the year, indicating improving trade conditions[15]. - The company provided a positive outlook for the next quarter, projecting revenue growth of A% and an increase in user engagement metrics[134]. - Market expansion strategies include potential acquisitions, with a focus on companies that align with the company's growth objectives[134].

Financial Performance - For the fiscal year ending June 30, 2021, the company reported total revenue of approximately HKD 481 million, a significant decrease from HKD 738 million for the eighteen months ending June 30, 2020[24]. - The company achieved a profit of HKD 16.6 million for the fiscal year, a notable recovery from a loss of HKD 39.2 million in the previous period[15]. - The basic earnings per share increased to HKD 7.84, compared to a loss of HKD 17.49 per share in the previous period[15]. - The group's consolidated revenue for the fiscal year ending June 30, 2021, was approximately HKD 481 million, compared to HKD 738 million for the eighteen months ending June 30, 2020[35]. - The operating profit for the fiscal year was approximately HKD 19 million, marking the first profit since the sale of the commercial brand business in 2017, a significant improvement from an operating loss of approximately HKD 35 million for the previous eighteen months[36]. - The group's net profit attributable to shareholders for the year was approximately HKD 17 million, compared to a net loss of approximately HKD 37 million for the eighteen months ending June 30, 2020[36]. - The overall gross profit margin increased from 54% to 58% due to improved sales mix and manufacturing efficiency[39]. Assets and Liabilities - Total assets as of June 30, 2021, were HKD 784.9 million, while total liabilities stood at HKD 360.1 million, resulting in total equity of HKD 424.8 million[17]. - The company reported a capital and reserves attributable to owners of HKD 424.8 million as of June 30, 2021, up from HKD 369.5 million in the previous period[15]. - As of June 30, 2021, the group's total cash and bank balances were approximately HKD 178 million, an increase from HKD 136 million on June 30, 2020, while unsecured bank borrowings decreased to HKD 16 million from HKD 31 million[53]. Strategic Initiatives - The company plans to open three additional flagship showrooms in the next eighteen months, expanding its presence to five dual-channel flagship showrooms[25]. - The company has established new showrooms in London and Paris, which are expected to significantly reduce rental costs and enhance brand visibility[25]. - The company plans to launch new websites and trial e-stores for its Tai Ping and Edward Fields brands in the fall of 2021, featuring over 2,500 iconic design profiles[50]. - The company has implemented strategic changes to reduce operating costs and improve manufacturing productivity amid challenges posed by the COVID-19 pandemic[25]. - The company continues to monitor performance and may implement further cost reduction measures as necessary due to the ongoing pandemic[37]. Workforce and Employee Welfare - The company’s workforce decreased by 9% from 740 employees in June 2020 to 674 employees in June 2021, due to business streamlining and productivity improvements[42]. - Employee benefits include accommodation, meal plans, paid leave, and medical insurance, contributing to a supportive work environment[164]. - The company has a strong commitment to employee welfare, organizing various social activities to foster a cohesive workplace culture and reduce turnover rates[164]. - The company invests in employee development through customized training and performance evaluation mechanisms[171]. - The company has established an emergency response team to assess and act on COVID-19 related situations, prioritizing the safety of employees and the community[162]. Governance and Board Structure - The board consists of ten members, including one executive director, five non-executive directors, and four independent non-executive directors[73]. - The board emphasizes diversity, including gender diversity, and has adopted a Board Diversity Policy to enhance transparency and governance[76]. - The chairman and CEO positions are held by different individuals to ensure independence and accountability[77]. - The board has established four committees: Executive Committee, Remuneration Committee, Audit Committee, and Nomination Committee[93]. - The company is committed to a merit-based approach in appointing directors, ensuring a diverse and inclusive board[76]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance (ESG) report covers the company's management policies and performance for the fiscal year 2020/2021[126]. - The ESG report period spans from July 1, 2020, to June 30, 2021, focusing on the company's core business operations[127]. - The company has established an Environmental, Health, and Safety department to manage policies and procedures related to sustainable development[134]. - The company adheres to international standards such as ISO 14001 for environmental management[134]. - The company has implemented energy-saving measures, including the use of energy-efficient LED lighting and modern glass curtain walls to reduce electricity costs[148]. Safety and Compliance - The company achieved a total of 4 work-related injuries in 2021, meeting the target of ≤ 4[169]. - There were no severe injuries resulting in loss of more than 105 days, achieving the target of 0[169]. - The company provides regular safety training to enhance safety awareness among operators[167]. - The company has established a safety committee composed of senior executives to manage health and safety systems[169]. - The company has implemented comprehensive guidelines and procedures to responsibly handle chemicals used in production, ensuring compliance with EU Directive 2002/61/EC[152]. Sustainability Efforts - The company has identified 21 sustainability issues, with 12 prioritized as important based on stakeholder feedback[140]. - The company aims to reduce greenhouse gas emissions primarily from manufacturing and transportation by situating production facilities close to local markets[148]. - The company utilizes recycled water to minimize groundwater usage and has a wastewater treatment system that allows for the reuse of treated water[151]. - The company has established a waste management program that includes a waste classification system to minimize environmental impact, with a focus on recycling and reducing waste generation[155]. - The company has complied with environmental laws and regulations, with no reported violations during the reporting period[143].

| --- | --- | --- | --- | |------------------------------------|-------------------------------|------------|-------| | | | | | | | | | | | | Tai Ping | | | | | | | | | | Carpets | | | | | International | | | | | Limited 太平地氈國際有限公司* | | | | 2020/21 於百慕達註冊成立之有限公司 | | 中期報告書 | | Tai Ping Carpets International Limited 股份代號 : 146 太平 Interim Report 2020/21 中期報告書 www.taipingcarpets.com *中文名稱僅供識別 目錄 1 | --- | --- | |-------|----------------------| | | | | 2 | 管理層討論與分析 | | 5 | 企業管治及其他資料 | | 8 | 簡明綜合收益表 | | 9 | 簡明綜合全 ...

之有限公司 | 股份代致 Tai Ping Carpets International Limited 太平地氈國際有限公司* 2019/20年年報 TAI PING *中文名稱僅供識別 | --- | --- | --- | |-------|-------|-------| | | | | | | | | | 太平 | | | *中文名稱僅供識別 願景 太平將致力成為頂級室內佈置產品及服務製造及分銷的領導者，業務範 圍涉及皇家宮廷、高雅私人住宅、超級遊艇飛機、豪華精品商舖、企業 辦公室及高端酒店。 太平擁有眾多市場領先品牌，產品銷售遍及全球各地。我們致力維持活 力充沛、深受推崇、不斷創新的公司聲譽，並定下宏遠而務實的持續長 期發展策略。 太平將透過引進全新產品、服務及技術，擴大其客戶項目業務，進一步 強化產品定位，及繼續設定優質、工藝和卓越設計基準。憑藉無以倫比 的產品及服務，太平大力開拓市場及客源，標準產品業務將帶來額外增 長機會。 太平將堅守信念，並致力保障員工福祉及保護環境，以實現其願景。 一九五六年起 獨領業內風騷 3 Coraline l・來自太平Tides系列 以羊毛・精緻絲綢及幼金銀紗線手工 ...

T ai Pi n g C a r p et s I nt e r n ati o n al Li mit e d 太 平 地 氈 國 際 有 限 公 司 2 0 1 9 第 二 份 中 期 報 告 書 於 百 慕 達 註 冊 成 立 之 有 限 公 司 股 份 代 號 : 1 4 6 w w w. t ai pi n g c a r p e t s. c o m * 中 文 名 稱 僅 供 識 別 目錄 | --- | --- | |-------|----------------------| | | | | 2 | 管理層討論與分析 | | 6 | 企業管治及其他資料 | | 10 | 簡明綜合收益表 | | 11 | 簡明綜合全面收益表 | | 12 | 簡明綜合財務狀況表 | | 14 | 簡明綜合權益變動表 | | 15 | 簡明綜合現金流動表 | | 16 | 簡明綜合財務報表附註 | | 42 | 公司资料 | 1 管 理 層 討 論 與 分 析 太 平 地 氈 國 際 有 限 公 司 （ 「 本 公 司 」 ） 董 事 會 （ 「 董 事 會 」 ） 於 二 零 一 九 年 八 月 十 九 ...