Hung Fook Tong Group Holdings Ltd 2023 AR2
The report highlights Hung Fook Tong Group Holdings Limited's performance for the fiscal year 2023, a period marked by economic challenges and rising operating costs. Despite a 2.0% decline in revenue to HK$672.7 million and a net loss of HK$34.6 million, the company optimized its retail network of 111 self-operated shops in Hong Kong and expanded its wholesale footprint in Mainland China and overseas. On the sustainability front, the company successfully reduced plastic consumption by 39 tonnes by switching to paper or wooden tableware across all stores and cut 38 tonnes of carbon emissions by adopting rPET materials in bottle production. Additionally, Hung Fook Tong generated 1,552 MWh of solar energy across its factories and recycled approximately 960 tonnes of food waste.
Company: Hung Fook Tong Group Holdings Ltd
Sector: Manufacturing
Country: Hong Kong
Year: 2023
Type: AR2
Pages: 142
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Hung Fook Tong Group Holdings Ltd
Annual Report
The report highlights Hung Fook Tong Group Holdings Limited's performance for the fiscal year 2023, a period marked by economic challenges and rising operating costs. Despite a 2.0% decline in revenue to HK$672.7 million and a net loss of HK$34.6 million, the company optimized its retail network of 111 self-operated shops in Hong Kong and expanded its wholesale footprint in Mainland China and overseas. On the sustainability front, the company successfully reduced plastic consumption by 39 tonnes by switching to paper or wooden tableware across all stores and cut 38 tonnes of carbon emissions by adopting rPET materials in bottle production. Additionally, Hung Fook Tong generated 1,552 MWh of solar energy across its factories and recycled approximately 960 tonnes of food waste.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Employees