Financial Performance - As of December 31, 2022, trade payables amounted to HKD 965.4 million, a decrease of HKD 637.3 million or 39.8% compared to HKD 1,602.7 million as of December 31, 2021[1]. - The capital expenditure for the year 2022 was HKD 538.9 million for the acquisition of properties, plants, and equipment[4]. - The total capital commitments as of December 31, 2022, were HKD 3.8 million, with no significant contingent liabilities or off-balance sheet debts[7]. - The company did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[8]. - There are no major investment or capital asset acquisition plans as of December 31, 2022[9]. Employee Information - The total number of employees as of December 31, 2022, was 2,714, down from 3,029 in the previous year[11]. - The company has implemented an employee stock option plan to reward contributions from executive directors and key employees[11]. - The company reported a total employee count categorized by gender, employment type, age group, and region[46]. - The employee turnover rate was detailed by gender, age group, and region[46]. - The percentage of employees trained in Dongguan was not disclosed for 2022, similar to 2021[40]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to improving its ESG reporting quality and comprehensiveness, focusing on environmental, social, and governance impacts[21]. - Key performance indicators have been quantified to assess the effectiveness of ESG policies and management systems[24]. - The company ensures balanced reporting of performance, disclosing both achievements and challenges in ESG aspects[24]. - The company maintains consistent disclosure methodologies for meaningful comparisons of ESG data over time[24]. - The company emphasized its commitment to providing a safe working environment and protecting employees from occupational hazards[46]. Corporate Governance - The company has established four board committees: audit, remuneration, nomination, and investment, each with defined terms of reference[93]. - The board consists of 10 members, including 5 executive directors, 1 non-executive director, and 4 independent non-executive directors[85]. - The company has a board diversity policy ensuring a balanced mix of gender, culture, education background, skills, and experience among board members, with 2 out of 10 directors being female[129]. - The company has adopted a nomination policy for appointing directors, ensuring candidates meet the expected personality, professional skills, and experience[125]. - The company has a remuneration committee responsible for reviewing and approving management's compensation proposals[102]. Risk Management and Compliance - The audit committee reviewed the effectiveness of the company's risk management and internal control systems, deeming them effective and sufficient[116]. - The management has committed to strict compliance with all regulatory requirements and updates[28]. - The company ensures compliance with legal and regulatory requirements through its corporate governance policies and practices[110]. - The company has not established an internal audit function but has appointed an external auditor to conduct internal audits, providing independent assessments to enhance risk management and internal controls[136]. - The company has a communication policy in place to facilitate shareholder engagement during meetings[145]. Shareholder Engagement - The company allows shareholders holding at least 10% of the paid-up capital to request a special general meeting[119]. - The company emphasizes effective communication with shareholders and investors, ensuring timely access to information through various channels[167]. - The company has adopted a shareholder communication policy to ensure equal access to information for all shareholders and investors[167]. - The company’s website provides shareholders and investors with quick access to company information[146]. - The board proposed amendments to the company's articles of association to comply with listing rules and to facilitate electronic and hybrid shareholder meetings[144]. Business Strategy and Market Position - PC Partner Group Limited is a leading manufacturer of computer electronic products, primarily focusing on graphics cards, motherboards, and mini PCs[190]. - The company is focused on expanding its market presence in the Asia-Pacific region through strategic sales initiatives[180]. - The company will continue to allocate resources to seize new business opportunities in AI and the metaverse, despite a recent slowdown in the metaverse trend[200]. - High-performance hardware and powerful processors are essential for processing large amounts of machine learning data related to ChatGPT[200]. - The company has a strong commitment to research and development in new products and technologies to enhance its market position[190].
栢能集团(01263) - 2022 - 年度财报