Corporate Governance - The company has established a whistleblowing policy updated on March 27, 2024, to provide employees a channel for reporting concerns while protecting them from retaliation[3]. - The internal control system has been confirmed to provide reasonable assurance against significant financial misstatements or losses as of December 31, 2023[4]. - The board acknowledges its responsibility to ensure that financial statements are prepared in accordance with the Hong Kong Companies Ordinance, reflecting the group's affairs and profitability accurately[5]. - The audit committee regularly reviews arrangements for reporting misconduct related to financial reporting and internal controls[2]. - The board has accepted recommendations from the audit committee to enhance the internal audit function[1]. - The company has a zero-tolerance policy for bribery and corruption, ensuring compliance with ethical standards and legal regulations[67]. - The company has established specific policies regarding potential conflicts of interest, anti-money laundering measures, and procurement management to ensure compliance with relevant laws[140]. - The independent non-executive directors confirmed their independence as per the listing rules[176]. Shareholder Communication - The company emphasizes the importance of maintaining effective communication with shareholders through its shareholder communication policy[9]. - The company has two websites to facilitate effective communication and provide the latest operational and financial information to the public[9]. Financial Performance - The company has adopted a dividend policy that aims to provide reasonable returns to shareholders, even during financial downturns caused by the COVID-19 pandemic[15]. - Proposed final dividend per share for 2023 is RMB 0.08, up from RMB 0.06 in 2022, indicating a 33.3% increase[122]. - The company reported a significant increase in revenue over the past five fiscal years, with detailed performance metrics available on page 188 of the annual report[127]. - The company's available reserves as of December 31, 2023, amounted to RMB 156,552,000, a decrease from RMB 223,643,000 in 2022[146]. Environmental, Social, and Governance (ESG) Practices - The company is committed to environmental, social, and governance (ESG) practices, as highlighted in its 2023 ESG report[17]. - The group plans to regularly measure and disclose environmental performance to identify opportunities for improvement and gradually set environmental goals for sustainable development[23]. - The group has identified 21 significant environmental, social, and governance issues relevant to its operations through independent consultants[23]. - The group is committed to promoting a green low-carbon philosophy and exploring more environmental protection policies and measures[53]. - The group will develop climate change-related policies and conduct risk assessments to identify and respond to significant climate-related risks and opportunities[54]. - The company is committed to sustainable and environmentally friendly practices as part of its corporate social responsibility[142]. - The company has implemented policies to manage environmental and social risks within its supply chain, with details on page 44-45[133]. Employee Engagement and Training - The group encourages employees to participate in external training and provides educational funding and government training subsidies to enhance their skills[38]. - A total of 310 employees received training during the reporting period, accounting for 4.20% of the total workforce, with an average training duration of 0.85 hours per employee[63]. - The group has implemented a performance management system to regularly evaluate employee capabilities and performance, using results for promotions and salary adjustments[32]. - The number of training hours per employee dropped from 1.39 hours in 2022 to 0.81 hours in 2023, reflecting a decrease in training engagement[79]. - The number of employees receiving training decreased from 956 in 2022 to 310 in 2023, a decline of approximately 68%[79]. Health and Safety - The group emphasizes the importance of occupational safety and health, providing training and insurance to ensure employee well-being[37]. - During the reporting period, there were 110 work-related injury cases, resulting in an injury rate of 0.11 per 1,000 employees and a total of 97 lost workdays[37]. - The injury rate decreased dramatically from 1.53 per 1,000 employees in 2022 to 0.11 in 2023, indicating improved workplace safety[79]. - The company reported zero fatalities due to work-related incidents in both 2022 and 2023, maintaining a safety record[79]. Environmental Impact - The total water consumption of the group during the reporting period was 131,992.80 cubic meters, with a water consumption density of 17.89 cubic meters per employee[52]. - The group emitted a total of 14,631.83 tons of carbon dioxide equivalent greenhouse gases, with a greenhouse gas emission density of 1.98 tons per employee[50]. - Total greenhouse gas emissions increased to 14,631.83 tons of CO2 equivalent in 2023, up from 7,968.90 tons in 2022, representing an 83.6% increase[98]. - The total amount of hazardous waste decreased to 0.00 tons in 2023 from 0.86 tons in 2022, indicating a 100% reduction[98]. - The total energy consumption was 17,564.94 MWh in 2023, compared to 15,469.51 MWh in 2022, which is a 13.5% increase[98]. - The total packaging material consumption was 1,548.00 tons in 2023, down from 1,692.00 tons in 2022, reflecting an 8.5% decrease[100]. Community Engagement - The group aims to strengthen community engagement and explore social investment opportunities to contribute positively to society[71]. - The company invested HKD 19,200 in community support initiatives during the reporting period, demonstrating commitment to corporate social responsibility[96]. Supplier Management - The group emphasizes the importance of supplier management to ensure the provision of quality and safe products and services[63]. - The group requires suppliers to sign a food quality safety commitment and comply with relevant standards to ensure raw materials meet safety requirements[43]. - The group encourages suppliers to adopt environmentally friendly practices and materials, promoting green procurement initiatives[64]. Employee Demographics - The total number of employees increased to 7,380 in 2023, up from 6,542 in 2022, representing a growth of 12.8%[75]. - The percentage of female employees is 63.06% in 2023, slightly down from 64.81% in 2022[75]. - The number of employees aged 24 or below increased from 5,280 in 2022 to 5,572 in 2023, showing a growth of about 5.5%[77]. - The proportion of new hires aged 41-59 increased from 66.49% in 2022 to 79.19% in 2023, indicating a shift in the age demographic of new employees[77]. Stock and Shareholder Information - The company did not issue any debt securities during the year, consistent with 2022[147]. - The company has no stock-linked agreements that would lead to the issuance of shares as of December 31, 2023[148]. - The total number of shares available for issuance under the 2017 share option scheme is 94,145,882, which is approximately 8.63% of the issued shares as of the report date[198].
味千(中国)(00538) - 2023 - 年度财报