Financial Performance - The revenue from discontinued operations for the year ended December 31, 2021, was HKD 7,320,000, derived from the sale of Zhongji Tongshang Engineering[1]. - As of December 31, 2022, the group's net capital debt ratio was 0.4 times, consistent with the previous year[4]. - The company reported a total of 30 administrative and personnel expenses, maintaining consistency in operational costs[10]. - The company allows shareholders to choose between cash or stock dividends, enhancing shareholder value[60]. Governance and Management - The board of directors regularly reviews the group's overall strategy and operational and financial performance, ensuring they are informed of the latest business and financial conditions[21]. - The company has appointed two executive directors, two non-executive directors, and three independent non-executive directors as of the report date[11]. - The audit committee monitors the relationship with independent auditors and reviews the group's half-yearly and annual performance, ensuring effective risk management and internal controls[27]. - The company has a nomination committee responsible for reviewing the board's structure and composition annually, ensuring alignment with corporate strategy[28]. - The board held a total of 6 meetings during the year, with the chairman attending all meetings[49]. - The audit committee conducted 4 meetings to review financial performance, risk management reports, and internal control systems[44]. - The board confirmed that the internal control and risk management systems are effective and sufficient, with no significant deficiencies reported[55]. - The company has adopted a code of conduct for directors regarding securities trading, ensuring compliance with the highest standards[50]. - The board has the final decision-making authority on all matters related to candidates recommended for shareholder meetings[41]. - The company has established a policy for corporate governance, which is reviewed regularly to ensure compliance[32]. - The board is responsible for maintaining a robust internal control and risk management system to protect the group's assets and shareholders' interests[37]. - The company has a commitment to corporate governance practices, ensuring that all directors are aware of their responsibilities and relevant regulations[51]. - The board has adopted a diversity policy to ensure appropriate balance in skills, experience, and perspectives among board members[56]. Risk Management and Compliance - The company faces operational risks including equipment failures, labor disputes, adverse weather, and reliance on third-party transportation services, which could disrupt operations and lead to revenue losses[9]. - The company engaged an independent professional firm for risk management and internal control assessments, ensuring the effectiveness of the internal control system[54]. - The company is committed to enhancing its risk management and internal control systems based on recommendations from independent assessments[54]. - The group actively monitors compliance with climate-related regulations to mitigate financial and reputational risks[151]. - The company has established internal policies to ensure compliance with labor laws and to provide a supportive and inclusive work environment for its 369 employees, with a gender ratio of approximately 78% male and 22% female[138]. - The company has maintained strict anti-corruption policies, with no convictions or disciplinary actions related to corruption reported during the period[192]. Environmental, Social, and Governance (ESG) Initiatives - The group has established an ESG framework to manage environmental, social, and governance risks effectively[74]. - The company emphasizes high transparency and timely information for shareholders and investors to make informed investment decisions[64]. - The company is committed to enhancing its ESG reporting system to improve data collection and reporting quality over time[92]. - The company actively manages its environmental and social impacts to enhance sustainability and transparency[98]. - The company has implemented environmental management goals to monitor progress in environmental protection efforts[84]. - The company is focused on integrating environmental considerations into core business operations to minimize pollution[84]. - The company has implemented various energy-saving measures, including strict temperature controls for air conditioning and encouraging the use of video conferencing[125][127]. - The company has implemented various water-saving measures, including the use of wet and dry cleaning machines and high-pressure faucets, to cultivate water-saving awareness among employees[129]. - The company has committed to green development practices and exploring innovative ways to reduce environmental impact[130]. - The company has prioritized suppliers with sustainable development practices to mitigate potential environmental and social risks in the supply chain[163]. Employee Engagement and Development - The company emphasizes the importance of employee training and development to achieve business goals and enhance skills[142]. - The company has established a comprehensive employee handbook and management systems to ensure fair treatment and a balanced work-life environment[134]. - The company has implemented health and safety measures, including regular disinfection of workplaces and encouraging vaccination among employees[140]. - The company encourages employee participation in social welfare activities, reflecting its commitment to corporate social responsibility[170]. - The total number of employees decreased from 389 in the previous year to 369 in 2022, representing a reduction of approximately 5.14%[200]. - The employee turnover rate improved significantly from 12.34% in 2021 to 6.50% in 2022, indicating better employee retention[200]. - 40% of employees received training during the reporting period, with an average training time of 2.7 hours per employee[161]. Sustainability Metrics - Total greenhouse gas emissions amounted to 5,425.86 tons of CO2 equivalent, with a density of approximately 14.70 tons of CO2 equivalent per employee[108]. - Direct greenhouse gas emissions (Scope 1) were approximately 1,939.54 tons of CO2 equivalent, with a density of 5.26 tons of CO2 equivalent per employee[121]. - Indirect greenhouse gas emissions (Scope 2) were approximately 3,458.09 tons of CO2 equivalent, with a density of 9.37 tons of CO2 equivalent per employee[121]. - Total energy consumption was 11,819.55 thousand kWh, with a density of 32.03 thousand kWh per employee, representing an increase of about 25% from the previous year[114][124]. - Water consumption in 2022 was reported at 39,319.00 cubic meters, a decrease from 43,643.84 cubic meters in 2021, representing a decline of about 10%[174]. - The total amount of non-hazardous waste generated in 2022 was 1.55 tons, a significant reduction from 2.99 tons in 2021, indicating a decrease of approximately 48.2%[174]. - The company has implemented strict safety measures and training programs, resulting in zero work-related fatalities over the past four years[180].
中国通商集团(01719) - 2022 - 年度财报