Business Performance and Strategy - The group achieved further growth in its mining business during the year, effectively compensating for the revenue decline in its original explosives business[5] - The company completed the acquisition of Tibet Tianren Mining Co., Ltd., which is expected to impact financial performance during the development phase of the mining area[5] - The sales strategy adjustment led to an increase in the sales price of explosive products, maintaining total sales close to flat despite a decrease in volume[22] - The group's blasting and mining operations experienced a significant revenue decline due to the termination of the Huatai Long project in Tibet during the third quarter[22] - The year 2022/2023 marked a year of business expansion and transformation for the group[15] - The board will continue to pursue business expansion and investment opportunities while maintaining stable management and healthy cash flow[20] - The company plans to enter new emerging markets to increase revenue[139] - The company is focusing on improving resource efficiency and reducing operational costs through more effective production and distribution processes[139] Governance and Management Changes - The board consists of eight directors, including executive and independent non-executive members, ensuring diverse governance[2] - Mr. Xiong Ze has resigned as Chairman of the Board since February 1, 2023, and Mr. Ma Tianyi has been appointed as the new Chairman[30] - Ms. Yao Yunzhu has resigned as an independent non-executive director and member of the audit, remuneration, and nomination committees since April 20, 2023, while Mr. Li Xu has been appointed to these roles[31] Environmental and Social Responsibility - The company aims to reduce air pollutant emissions by 5% by 2025, with a significant reduction achieved through the transition to electric equipment and effective fuel-saving policies[60] - The company plans to reduce greenhouse gas emissions by 5% by 2025, with an increase in emissions noted due to expanded production activities in China and Tajikistan[60] - The total waste generated has decreased due to effective waste reduction policies, with a goal to reduce both hazardous and non-hazardous waste by 5% by 2025[63] - The company has established an Environmental, Social, and Governance (ESG) working group consisting of 21 members to enhance transparency and accountability[54] - The company has not encountered any violations of environmental laws during the year, adhering to relevant regulations[63] - The company is committed to complying with relevant environmental laws and regulations in China, with no significant non-compliance reported during the reporting period[88] - The company is actively monitoring environmental laws and regulations to mitigate compliance costs and operational risks[135] Employee Training and Safety - Employee safety training is emphasized to reduce workplace injuries, with OHSAS18001 certification achieved for major subsidiaries[124] - The percentage of trained employees in 2023 was 53%, down from 96% in 2022, with significant declines in training for both male (59% to 99%) and female (31% to 88%) employees[149] - The average training hours per employee were not specified, but the company emphasized ongoing internal and external training programs[148] - The company reported no work-related deaths or lost workdays due to injuries in both 2022 and 2023[176] - The company actively participates in safety training activities organized by government and industry authorities[172] Compliance and Ethical Standards - The company is committed to maintaining high standards of business ethics and compliance with all relevant laws and regulations[23] - The company has complied with the GEM Listing Rules regarding related party transactions and disclosures[35] - The company has established a code of conduct for suppliers, ensuring compliance with safety and environmental standards[180] - The company has implemented a confidentiality policy to protect customer personal data, requiring employees to sign confidentiality agreements[185] - The company has not reported any significant violations of child labor or forced labor laws during the reporting period[178] Financial Performance and Shareholder Returns - The board proposed a final dividend of HKD 0.01 per share, sharing the group's stable development earnings with all shareholders[8] - The company’s management has confirmed the fair value of mining rights based on discounted cash flow estimates, influenced by metal resources and long-term commodity prices[167] Resource Management and Sustainability - The company aims to reduce water consumption by 5% before 2025, with a decrease in water usage noted in 2023 due to effective water-saving policies[99] - The generation of non-hazardous waste decreased to 64.61 tons in 2023 from 76.93 tons in 2022, representing a reduction of 15.9%[64] - The density of hazardous waste per employee increased to 0.000062 tons in 2023 from 0.000051 tons in 2022, indicating a rise of 21.6%[64] - The company has implemented various energy-saving strategies, including the use of solar energy for lighting and hot water systems[65] - The company has adopted technologies to reduce emissions of nitrogen oxides, sulfur dioxide, and particulate matter from its operations[89] - The company is monitoring its carbon and energy footprint to better understand the impact of climate risks and opportunities on operations and profits[133] Stakeholder Engagement - The company emphasizes effective communication and maintaining good relationships with key stakeholders to understand risks and opportunities[48] - The company has established communication channels with key stakeholders to gather insights and feedback on its business activities[78] Product Quality and Customer Relations - The company has established a product quality incident management system to address customer feedback and ensure product safety[158] - The company reported no significant violations of customer data security and privacy laws during the reporting period[159] - There were no complaints regarding products and services in 2023, consistent with 2022[184] - The company has maintained ISO 9001 certification for its quality management system since 2010, ensuring product quality and safety[181]
比优集团(08053) - 2023 - 年度业绩