Kai Yuan Holdings Ltd 2019 AR2
The report highlights Kai Yuan Holdings Limited's performance for the fiscal year 2019, during which the Group recorded a loss of approximately HK$30.6 million, primarily due to the decline in revenue from the Paris Marriott Hotel Champs-Elysées caused by the Yellow Vest Movement and citywide labor strikes in Paris. In response to the COVID-19 pandemic, the Group temporarily closed the Paris Marriott Hotel in early 2020. On the sustainability front, the Group continued to implement energy and water-saving initiatives at its Paris hotel, including installing LED lighting, motion detectors, and low-flow water faucets. Additionally, the Group expanded its equity investment in Beijing Chemical Reaction Engineering Science & Technology Co., Ltd. to 37.125% to support its chemical industry prospects.
Company: Kai Yuan Holdings Ltd
Sector: Hospitality & food services
Country: Hong Kong
Year: 2019
Type: AR2
Pages: 182
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Kai Yuan Holdings Ltd
Annual Report
The report highlights Kai Yuan Holdings Limited's performance for the fiscal year 2019, during which the Group recorded a loss of approximately HK$30.6 million, primarily due to the decline in revenue from the Paris Marriott Hotel Champs-Elysées caused by the Yellow Vest Movement and citywide labor strikes in Paris. In response to the COVID-19 pandemic, the Group temporarily closed the Paris Marriott Hotel in early 2020. On the sustainability front, the Group continued to implement energy and water-saving initiatives at its Paris hotel, including installing LED lighting, motion detectors, and low-flow water faucets. Additionally, the Group expanded its equity investment in Beijing Chemical Reaction Engineering Science & Technology Co., Ltd. to 37.125% to support its chemical industry prospects.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Published
Mar 30, 2020
Type
Annual Report with Sustainability Disclosures
Language
English, Chinese
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Workplace Fatalities
Employees