Financial Performance - Total revenue for the year was $3.4 billion, with a net profit of $146 million[3]. - For the fiscal year ending March 31, 2022, the total revenue was $3,446 million, an increase of 9% compared to the previous year[19]. - The automotive products segment generated revenue of $2,644 million, reflecting a 5% increase, despite a global light vehicle production decline of approximately 1% during the same period[19]. - The gross profit was $702 million, down 3%, with adjusted operating profit before interest, tax, and depreciation decreasing by 27% to $244 million, representing 7.1% of revenue[19]. - Net profit attributable to shareholders was $146 million, a decrease of 31% year-over-year, while basic net profit was $165 million, down 34%[19]. - The industrial products segment achieved revenue of $802 million, accounting for 23% of total revenue, with a 12% increase excluding foreign exchange effects[19]. - Free cash flow was a net outflow of $132 million, compared to an inflow of $171 million in the previous year[20]. - The company plans to distribute a final dividend of 17 HK cents per share, totaling an annual dividend of 34 HK cents, down from 51 HK cents last year[20]. - The automotive product segment's revenue increased by $132.9 million or 5% to $2,576.4 million, while the commercial product segment's revenue rose by $87.9 million or 12% to $800.6 million[51]. - Shareholders' profit attributable to the company was $146.4 million, down from $212.0 million in the previous fiscal year[50]. Operational Challenges - The company faced significant operational challenges due to semiconductor shortages and disruptions caused by geopolitical events, including the war in Ukraine[19]. - The company is actively addressing the challenges posed by semiconductor shortages, which have limited its ability to meet customer demands[21]. - Supply chain bottlenecks, particularly semiconductor shortages, significantly disrupted the automotive industry during the fiscal year[57]. - Significant increases in shipping and logistics costs, along with rising IT infrastructure costs, have impacted operational profitability[20]. Market and Product Focus - The revenue breakdown shows 77% from automotive products and 23% from industrial products[7]. - The automotive industry is undergoing a structural shift towards hybrid and electric vehicles, which the company is focusing on through innovation in key automotive systems[19]. - The company is focused on investing in innovative technologies to provide unique driving solutions and redefine industry standards[16]. - The company is investing in innovative products and technology solutions to address trends in electrification, automation, mobility, safety, and healthcare[20]. - The company is focused on expanding its market presence and capabilities in the electric vehicle sector, which is seen as having the largest growth potential in the industry[21]. Sustainability Initiatives - The company is committed to sustainability, aiming to reduce greenhouse gas emissions and energy consumption through its drive-related products, which create value for customers and end-users[24]. - The company aims to reduce absolute carbon emissions by 25% by the end of 2030, based on 2019 levels, aligning with the Paris Agreement[39]. - By the end of 2022, the company targets 100% renewable energy usage in its EU facilities and aims for an A rating in the Carbon Disclosure Project (CDP) by the end of 2025[39]. - The company has committed to reducing absolute carbon emissions by 42% by the end of 2030, in line with the Science Based Targets initiative (SBTi)[39]. - The company has launched a global social impact network project "JEnerations," organizing nearly 100 community activities since its inception in April 2021[45]. Employee Engagement and Development - The company employs over 35,000 staff, including more than 1,500 engineers[2]. - The company has established technical colleges in China and Mexico to provide comprehensive education for local underprivileged youth through a three-year apprenticeship program[36]. - The company has implemented a training program for technicians to ensure consistent standards and quality across its global automated production lines[41]. - The company emphasizes continuous innovation and technological enhancement to provide unique solutions for customer success and user satisfaction[35]. - The company has a strong focus on talent management, holding monthly meetings with senior executives to drive talent mobility and improve corporate efficiency[128]. Governance and Compliance - The board consists of two executive directors and nine non-executive directors, with six being independent non-executive directors, ensuring a diverse range of expertise[153]. - The company has established a structured governance framework with four committees overseeing various governance matters, reporting regularly to the board[158]. - The company emphasizes high corporate governance standards to protect and enhance shareholder interests[152]. - The Audit Committee held four meetings during the fiscal year 21/22 to review the financial performance for the fiscal year 20/21 and the interim results for 21/22, ensuring compliance with accounting standards and legal requirements[69]. - The company has a whistleblower hotline for reporting unethical behavior without fear of retaliation[174].

Financial Performance - Total revenue for the company reached $3.3 billion, with a net income of $281 million[7]. - For the fiscal year ending March 31, 2019, total revenue reached $3,280 million, an increase of 1% compared to the previous fiscal year, with a basic revenue growth of 2% excluding acquisitions and currency fluctuations[55]. - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) totaled $549 million, up 6% year-over-year, while operating profit increased by 3% to $344 million, representing 10.5% of total revenue[55]. - Net profit attributable to shareholders rose by 7% to $281 million, equating to a fully diluted earnings per share of $31.60[55]. - The company’s market capitalization as of March 31, 2019, was $2,019.2 million, down from $3,236.1 million in the previous year[63]. - The company reported a diluted earnings per share of 31.60 cents for 18/19, compared to 29.65 cents in the previous fiscal year[63]. - The company’s net profit for fiscal year 18/19 was $289.6 million, reflecting a tax rate of 11.7%[75]. Revenue Segments - The automotive product segment serves over 500 customers, including OEMs and tier-one and tier-two suppliers, reflecting a growing demand for technology and solutions due to stricter emissions regulations[13]. - The automotive products segment generated revenue of $2,530 million, with a 2% increase excluding acquisitions and foreign exchange effects[58]. - Revenue in the Americas for the automotive products segment grew nearly 8% at constant exchange rates, despite flat light vehicle production[58]. - The industrial products segment's revenue rose 1% to $750 million, accounting for 23% of total group revenue[58]. Investments and Expansion - The company is investing heavily in automation to enhance product quality and address labor shortages and rising wages[60]. - Significant investments are being made in advanced automation production facilities to enhance production cycles and product quality, ensuring consistent quality across regions[26]. - The company aims to build a global production footprint to respond faster to customers, improve cost competitiveness, and reduce risks from tariffs and currency fluctuations[25]. - The company has expanded its operations in Mexico and Poland, establishing new production facilities to enhance its manufacturing capabilities[50]. - The company established an advanced digital factory in Jiangmen, Guangdong, to expand its growth platform in China[50]. Sustainability and Innovation - The company is committed to sustainable development, creating value through innovative technologies that reduce emissions and improve energy efficiency[32]. - The company is actively addressing climate change by manufacturing precision automotive parts that help reduce internal combustion engine CO2 emissions[39]. - The company is committed to reducing energy consumption, minimizing weight, and enhancing performance through innovative technologies[23]. - The company focuses on innovation and reliability in electromechanical power systems, targeting market segments driven by long-term trends, regulatory changes, and technological advancements[20]. - The introduction of LUMEMS, a patented electronic control unit for automotive lighting, aims to enhance driving comfort and safety[22]. Risk Management - The company faces significant risks from global economic instability, trade issues, and industry dynamics, which could adversely affect product demand and financial performance[121]. - The company aims to mitigate risks by diversifying its customer and product portfolio through internal development and acquisitions, reducing the impact of economic downturns[124]. - The group aims to mitigate risks associated with supply chain disruptions by ensuring supplier continuity, quality, and reliability[131]. - The company has hedged foreign exchange risks through various forward contracts, including selling euros and Canadian dollars[104]. Corporate Governance - The board conducts annual performance evaluations to ensure effective operations and implements suggestions for improvement[165]. - The Audit Committee held four meetings during the fiscal year 18/19 to review financial statements and ensure compliance with accounting standards[168]. - The company emphasizes the importance of internal audit and risk management processes in its operations[168]. - The board's composition includes independent non-executive directors to ensure governance and oversight[166]. - The company has established a whistleblowing hotline for employees to report unethical behavior without fear of retaliation[178]. Employee Engagement and Development - The company employs over 38,000 personnel across 23 countries in Asia, Europe, the Middle East, North America, and South America[12]. - Employees received over 224,000 hours of training in the fiscal year 18/19, excluding on-the-job experience[146]. - The group’s global learning platform offers over 300 courses for employees, promoting a culture of continuous learning[146]. - The company emphasizes a rigorous supplier qualification review process, ensuring suppliers meet international standards such as ISO9001 and ISO14001[139]. - The company has awarded over 1,100 employees for embodying the MARBLE values since 2014, with 260 awards given in the fiscal year 2018/19[143].