ESG Issues and Sustainable Development - The group identified "greenhouse gas emissions," "energy management," "water resources and wastewater management," "climate change mitigation and adaptation," and "renewable and clean energy" as key ESG issues critical to its sustainable development[10]. - In the fiscal year 2023, the group engaged a range of stakeholders, including employees, senior management, external suppliers, regulators, and customers, to provide feedback on 28 ESG issues related to environmental and social impacts[2]. - The group is committed to supporting China's 2030 carbon peak and 2060 carbon neutrality goals, prioritizing climate change as a key sustainable development objective[16]. - The group has gradually established appropriate climate indicators and targets, along with action plans to accelerate its progress towards carbon neutrality[16]. - Stakeholder feedback has been instrumental in shaping the group's sustainable development strategy and identifying future key sustainability trends[2]. - The group employs a comprehensive approach to ensure stakeholder engagement, considering the impact of its overall business on stakeholders[17]. - The group follows the guidelines of the Task Force on Climate-related Financial Disclosures (TCFD) to enhance climate-related information disclosure and management[16]. Environmental Performance and Emissions - The group continues to strengthen its environmental performance in property and business operations, adhering to relevant environmental laws and regulations in mainland China and Hong Kong[12]. - The company emitted 6.05 kg of SOX, 293.29 kg of NOX, and 64.15 kg of PM in fiscal year 2023, representing a slight increase of approximately 5% to 13% compared to the previous year due to increased gasoline and natural gas consumption post-pandemic[26]. - The total greenhouse gas emissions for the company in fiscal year 2023 were approximately 7,200 tons of CO2 equivalent, an increase of about 31% from fiscal year 2022, primarily due to a surge in energy consumption from increased business activities[39]. - The company aimed to keep the greenhouse gas emission intensity in fiscal year 2023 at or below the levels of fiscal year 2022, but the intensity increased by 1.57 tons of CO2 equivalent per million HKD, failing to meet the established target[39]. - The company has planted approximately 400 to 500 trees since its establishment, offsetting about 10 tons of CO2 equivalent in fiscal year 2023[39]. - The company has integrated environmental factors into all aspects of its operations, emphasizing emission control and waste management to protect the environment[25]. - The company did not violate any significant environmental laws regarding emissions, wastewater, and waste disposal during fiscal year 2023[26]. - The increase in emissions was mainly attributed to a significant rise in fossil fuel consumption, particularly gasoline used for transportation[27]. - The company has been actively taking measures to promote a transition to a low-carbon economy in response to the urgency of addressing greenhouse gas emissions and climate change risks[28]. Waste and Water Management - The group generated and disposed of approximately 2,880 tons of non-hazardous solid waste in the fiscal year 2023, with a slight increase in solid waste emission intensity to 1.40 tons per million HKD, compared to 1.01 tons per million HKD in fiscal year 2022[43][48]. - The total wastewater generated was approximately 119,746 cubic meters, with a reduction in wastewater emission intensity to 58.40 cubic meters per million HKD, achieving the set target[46][48]. - The group has implemented a comprehensive waste management system to enhance resource reuse and recycling, focusing on reducing wastewater generation and promoting water reuse at construction sites[47][51]. - The group collaborates with external waste management agencies to establish a comprehensive waste management approach, adhering to industry best practices[55]. - The group has installed wastewater treatment facilities at construction sites to ensure compliance with local regulations and standards[51][54]. - The group aims to maintain wastewater emission intensity at the same level in fiscal year 2024 as in fiscal year 2023[51]. - The group has set a target for solid waste emission intensity not to exceed the previous fiscal year's level, although it slightly increased in fiscal year 2023[43][48]. - The company continues to promote sustainable water resource management and implement water-saving policies and practices[109]. Financial Performance - The group's consolidated revenue for the fiscal year 2023 was approximately HKD 2,050,576,000, a decrease of about 27.77% compared to HKD 2,838,843,000 for the fiscal year 2022[58]. - The consolidated gross profit decreased by approximately 26.35% to HKD 1,448,422,000 from HKD 1,966,695,000 in the previous fiscal year[58]. - The consolidated loss for the fiscal year 2023 was approximately HKD 936,170,000, which is an 8.38% improvement from the loss of HKD 1,021,759,000 in fiscal year 2022[58]. - The number of issued ordinary shares as of December 31, 2023, was 7,225,632,753, with shareholders' equity amounting to approximately HKD 5,089,180,000, resulting in a net asset value per share of approximately HKD 0.70[59]. - The group's debt-to-asset ratio as of December 31, 2023, was 68%, up from 66% the previous year[64]. - Cash and bank balances as of December 31, 2023, were approximately HKD 301,000,000, down from HKD 760,000,000 in the previous year[64]. - The weighted average cost of capital for the fiscal year 2023 was 6.29%, compared to 6.50% in the previous fiscal year[64]. Project Management and Development - The group is focusing on urban renewal projects in Guangzhou, enhancing its competitive advantage in the region[60][61]. - The group is committed to improving operational efficiency and reducing waste sent to landfills through standardized waste management planning[69][70]. - The total contract sales amount reached approximately HKD 3,850,499,000 in fiscal year 2023, representing an increase of about 75.92% compared to fiscal year 2022[88]. - The total area of sold contracts in fiscal year 2023 was approximately 92,902 square meters, an increase of about 34.93% from the previous year[88]. - The company will continue to optimize its structure and enhance quality to overcome challenges in the real estate market[81]. - The group is actively expanding its land reserves through various channels, including participation in government public listings and urban renewal projects[128]. - The group is focused on enhancing its project management services to diversify revenue sources and leverage its expertise in urban renewal[130]. Energy Consumption and Efficiency - The total electricity consumption increased by approximately 29% in fiscal year 2023 due to the rise in economic activities post-pandemic[79]. - The intensity of electricity consumption in fiscal year 2023 was approximately 2.09 kWh per million HKD, slightly higher than the previous year, indicating a failure to meet the set target[79]. - The group aims to maintain the same level of electricity consumption intensity in fiscal year 2024 as in fiscal year 2023[79]. - The group has implemented various energy efficiency measures, including the installation of solar panels and the use of LED lighting[98]. - The group is actively seeking cleaner alternative fuels as the main fuel source for its vehicles[100]. - The group continues to promote low-carbon transportation among employees, advocating the use of public transport, electric vehicles, and carpooling[100]. Paper Consumption and Digitalization - The paper consumption in fiscal year 2023 was 2,027 kilograms, a significant decrease of about 40% year-over-year, with an 18% reduction in paper intensity achieved[111]. - The company has set a target to maintain the same level of paper intensity in fiscal year 2024 as in fiscal year 2023, focusing on reducing paper usage through digitalization[111]. Awards and Recognition - The International Finance Centre Phase II received multiple awards in 2023, including the Gold Certification for Existing Buildings 2.0 from the Hong Kong Green Building Council[1]. - The International Finance Centre Phase II was awarded the "Excellent" Indoor Air Quality Certificate by the Environmental Protection Department in June 2023, recognizing its efforts in improving indoor air quality[1]. - The International Finance Centre Phase II achieved the "Outstanding" Waste Reduction Certificate, reflecting its commitment to waste management through the implementation of the "3R principles" (Reduce, Reuse, Recycle)[1]. - The company participated in the "Energy Saving Charter 2023," maintaining indoor temperatures between 24 to 26 degrees Celsius from June to September 2023 to reduce energy consumption[1]. - The company collaborated with the International Finance Centre Phase II to launch a program aimed at reducing single-use plastic waste, receiving a Diamond Level Certification for reducing the use of plastic bags[1].
珠光控股(01176) - 2023 - 年度财报