Financial Performance - The company recorded a revenue of approximately HKD 10,020,000 for the year ended December 31, 2021, a decrease of about 78.83% compared to HKD 47,320,000 in the previous year[14]. - The loss attributable to the owners of the company for the year was HKD 47,670,000, an improvement from a loss of HKD 82,480,000 in the previous year[14]. - The company confirmed revenue of approximately HKD 4,240,000 from the Jinbao City project for the year ended December 31, 2021, down from HKD 41,710,000 in 2020[23]. - The rental income from the Dongfang Xintiandi project was approximately HKD 3,710,000 for the year ended December 31, 2021, compared to HKD 4,040,000 in 2020[22]. - The largest five customers accounted for 60.44% of the total sales for the year ended December 31, 2021[153]. Project Developments - The sales of the residential phases one, two, and three of the Jinbao City project in Shanwei, Guangdong Province, have commenced, contributing to revenue recognition[15]. - The construction of the hotel component of the Shanwei Great China Four Points by Sheraton has been completed[15]. - The company plans to develop the Jinliwan project in two phases, with a total construction area of approximately 430,000 square meters, and expects to obtain the pre-sale permit for the first phase by the end of 2022[19]. - The Honghai Bay project is planned to be developed into a residential and tourism complex with a total construction area of approximately 720,000 square meters[25]. - The Tangshan Caofeidian project was acquired for a total consideration of approximately RMB 92,490,000, with ongoing design work and construction activities[20]. Financial Position - As of December 31, 2021, the group's bank balance and cash amounted to approximately HKD 22,270,000, an increase from HKD 19,170,000 on December 31, 2020[31]. - The total current assets of the group as of December 31, 2021, were approximately HKD 890,090,000, which includes properties held for sale, trade receivables, prepayments, deposits, and cash[31]. - The total current liabilities of the group as of December 31, 2021, were approximately HKD 1,190,880,000, including trade payables and other payables[31]. - The group's capital commitments as of December 31, 2021, amounted to approximately HKD 407,560,000, which includes HKD 173,680,000 for property construction and development[32]. - The group's contingent liabilities as of December 31, 2021, were approximately HKD 1,530,000, a decrease from HKD 2,310,000 on December 31, 2020[35]. Environmental and Social Responsibility - Total emissions for the year 2021 amounted to 1,829.64 grams, with CO2 equivalent emissions totaling 550.64 tons[46]. - Nitrogen oxide emissions were recorded at 1,679.55 grams, while sulfur dioxide and particulate emissions were 26.44 grams and 123.65 grams respectively[46]. - The company has implemented measures to reduce electricity consumption, including monthly educational activities for employees on energy saving[50]. - Water-saving measures include the use of water-saving devices and utilizing groundwater for landscaping and road cleaning[51]. - The total green area of the community reached 15,000 square meters, achieving a net greening rate of 30%[54]. Human Resources - The group employed 80 staff members as of December 31, 2021, with employee costs amounting to approximately HKD 12,430,000, down from HKD 13,200,000 in the previous year[37]. - The workforce includes 9 senior management, 14 middle management, and 57 general staff[57]. - The company adheres to local employment laws and regulations, ensuring fair compensation and benefits for employees[62]. - The company provides various training and development opportunities for employees, requiring a minimum of four hours of training annually to enhance professional knowledge[69]. - The employee compensation policy is based on performance, qualifications, and work capabilities, with annual reviews conducted[152]. Corporate Governance - The board of directors is committed to maintaining high levels of corporate governance to enhance transparency and protect shareholder interests[81]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to ensure effective governance and oversight[88]. - The audit committee is responsible for reviewing the independence and objectivity of external auditors and monitoring the accuracy of financial statements, particularly compliance with accounting standards and regulations[92]. - The company has adopted the corporate governance code as per the listing rules and has complied fully with its provisions[149]. - The board confirmed that there were no significant issues requiring major amendments to the internal control and risk management systems as of December 31, 2021[107]. Shareholder Information - As of December 31, 2021, the company had a total of 3,975,233,406 shares issued, with significant holdings by key executives[132]. - Mr. Huang Shijia holds 1,848,162,476 shares, representing approximately 46.52% of the company's issued share capital[132]. - Ms. Huang Wenxi holds 636,801,409 shares, which is about 16.02% of the total issued shares, including 282,133,413 shares held by a company she fully owns[132]. - The company has granted a total of 5,000,000 stock options at an exercise price of HKD 0.44, which remain unexercised as of year-end[138]. - The company has maintained a sufficient public float, complying with the listing rules requiring at least 25% of issued shares to be publicly held[154].
大中华控股(00021) - 2021 - 年度财报