目錄 經審核財務報表 公司資料 2 主席報告 4 管理層討論及分析 5 董事及高級管理層簡歷 9 環境、社會及管治報告 11 企業管治報告 24 董事會報告 42 獨立核數師報告 53 綜合損益及其他全面收益表 56 綜合財務狀況表 57 綜合權益變動報表 59 綜合現金流量表 60 綜合財務報表附註 62 五年財務摘要 116 執行董事 勞國康 （主席） 徐國興 傅軍 梁章衡 獨立非執行董事 王琪 曾志漢 黃漢傑 審核委員會 曾志漢 （主席） 王琪 黃漢傑 薪酬委員會 曾志漢 （主席） 王琪 黃漢傑 提名委員會 徐國興 余達志 徐國興 （主席） 梁章衡 王琪 曾志漢 黃漢傑 公司資料 策略與發展委員會 徐國興 （主席） 傅軍 曾志漢 執行委員會 徐國興 （主席） 傅軍 曾志漢 企業管治委員會 徐國興 （主席） 曾志漢 黃漢傑 公司秘書 余達志 授權代表 核數師 中匯安達會計師事務所有限公司 2 新華通訊頻媒控股有限公司 二零一九╱二零二零年年報 董事會 註冊辦事處 P.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands 總辦事處及香港主要 ...

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 183,788,000, a slight increase of 1.5% compared to HKD 181,133,000 for the same period in 2018[4] - Other income and gains increased significantly to HKD 11,427,000 from HKD 310,000, marking a growth of over 3600%[4] - The company reported a profit before tax of HKD 1,323,000, a turnaround from a loss of HKD 19,573,000 in the previous year[4] - Net profit for the period was HKD 890,000, compared to a loss of HKD 20,186,000 in the same period last year[4] - Basic and diluted earnings per share for the period were HKD 0.0015, recovering from a loss per share of HKD 0.0132 in the previous year[4] - The company reported a profit of HKD 2,574,000 for the six months ended September 30, 2019, compared to a loss in the previous period[8] - The group reported a profit attributable to shareholders of approximately HKD 2,574,000 for the six months ended September 30, 2019, compared to a loss of HKD 19,814,000 for the same period in 2018[46] - The profit for the six months ended September 30, 2019, was approximately HKD 890,000, a significant recovery from a loss of HKD 20,186,000 in the same period of 2018[65] Assets and Liabilities - Total assets as of September 30, 2019, amounted to HKD 279,515,000, an increase from HKD 243,072,000 as of March 31, 2019[5] - Current liabilities increased to HKD 125,535,000 from HKD 84,264,000, indicating a rise in short-term financial obligations[5] - The company's net asset value stood at HKD 145,935,000, slightly down from HKD 147,235,000 as of March 31, 2019[6] - The total equity attributable to owners of the company as of September 30, 2019, was HKD 145,606,000, a decrease from HKD 130,610,000 at the end of the previous period[8] - Trade receivables as of September 30, 2019, totaled HKD 55,803,000, down from HKD 77,253,000 as of March 31, 2019[51] - The group’s trade payables as of September 30, 2019, amounted to HKD 22,480,000, an increase from HKD 21,558,000 as of March 31, 2019[54] - The group’s other payables and accrued expenses totaled HKD 76,162,000 as of September 30, 2019, compared to HKD 43,304,000 as of March 31, 2019[55] - The group’s prepayments as of September 30, 2019, were HKD 5,577,000, an increase from HKD 3,944,000 as of March 31, 2019[52] Cash Flow - The net cash generated from operating activities for the six months ended September 30, 2019, was HKD 3,875,000, a decrease of 31.5% compared to HKD 5,659,000 for the same period in 2018[10] - The net cash used in investing activities for the six months ended September 30, 2019, was HKD 1,386,000, compared to a cash outflow of HKD 1,763,000 in the previous year[10] - The net cash used in financing activities was HKD 3,981,000, a significant decrease from the cash inflow of HKD 50,873,000 in the same period of 2018[10] - The cash and cash equivalents at the end of the period were HKD 71,908,000, down from HKD 98,422,000 at the end of September 2018[10] - The net cash and cash equivalents, along with pledged time deposits, totaled approximately HKD 73,969,000 as of September 30, 2019, compared to HKD 72,815,000 as of March 31, 2019[66] Operational Highlights - The company is primarily engaged in providing cleaning and related services, medical waste disposal services, waste management services, advertising media services, and hospitality services[12] - The company operates five reportable segments: cleaning services, advertising media, medical waste management, waste treatment, and hotel services[30] - The company has successfully renewed three major cleaning service contracts for commercial properties in Causeway Bay and Kowloon Bay for three years[71] - The company has secured a two-year contract to provide cleaning and pest management services for a major residential estate in South Island, continuing its service for six years[71] - The company operates two medical waste treatment plants in China, which have been running smoothly throughout the reporting period[72] Challenges and Risks - The advertising media business faced challenges due to a downturn in the real estate sector, exacerbated by ongoing trade tensions and government measures[68] - The cleaning and related services business experienced increased operational costs due to social unrest and transportation disruptions[70] - The company anticipates that compliance with new environmental protection policies in China will make medical waste treatment operations more challenging, negatively impacting profit margins[76] - The company’s cash flow from operating activities has shown a declining trend, indicating potential challenges in operational efficiency[10] Corporate Governance - The company aims to maintain high standards of corporate governance to protect shareholder interests and enhance accountability and transparency[102] - The company has complied with the corporate governance code during the reporting period, with one deviation regarding the frequency of board meetings[103] - The company has adopted a code of conduct for directors regarding securities trading, which is as stringent as the standards set out in the listing rules[106] - All directors confirmed compliance with the company's code and standard code for the six months ending September 30, 2019[106] Shareholder Information - The company’s directors hold various interests in shares, with Mr. Lau Kwok Hong holding 53,674,000 shares, representing 3.20% of the issued share capital[92] - Major shareholder Symphony Investments Holdings Limited owns 202,596,000 shares, representing 12.09% of the company's issued shares[99] - Major shareholder Zheng Xian Deng holds 214,681,040 shares, accounting for 12.81% of the company's issued shares[99] - WKI Partners (Holdings) Limited has a 10.70% stake in the company, holding 179,315,000 shares[99] Stock Options - The stock option plan was approved by shareholders on September 25, 2015, and is valid for ten years until September 24, 2025, with a maximum issuance limit of 10% of the company's issued share capital at the time of approval[85] - As of September 30, 2019, a total of 57,940,604 stock options remain unexercised, all of which are fully vested and exercisable[91] - The total number of stock options that can be issued to participants in any twelve-month period cannot exceed 1% of the company's total issued share capital[88] - The company aims to use the stock option plan to reward and motivate participants for their contributions to the group[88]

Financial Performance - The group's revenue for the fiscal year ending March 31, 2019, was approximately HKD 404,279,000, representing a 15.8% increase from HKD 349,240,000 in 2018[16] - The group reported a loss of approximately HKD 16,226,000, a significant improvement from a loss of HKD 38,930,000 in the previous year[16] - The clean and related services business recorded a profit of approximately HKD 14,610,000, while the medical waste treatment business generated a profit of approximately HKD 3,575,000[16] - The advertising media business achieved a profit of approximately HKD 24,121,000, whereas the waste treatment business incurred a loss of approximately HKD 1,731,000[16] - Other operating expenses amounted to approximately HKD 147,598,000, an increase of 28.8% from HKD 114,571,000 in 2018[16] - The increase in other operating expenses was primarily due to higher sales costs and related expenses from advertising media activities, which accounted for nearly 88% of the growth[16] - As of March 31, 2019, the group's cash and cash equivalents totaled approximately HKD 72,815,000, an increase from HKD 46,359,000 in 2018, with a current ratio of 1.9 compared to 2.5 in 2018[17] - The group's net assets were approximately HKD 147,235,000 as of March 31, 2019, up from HKD 97,766,000 in 2018[17] - The group recorded segment revenue of approximately HKD 53,000,000 and segment profit of approximately HKD 24,000,000 from the advertising media business during the fiscal year[20] - The group completed the acquisition of five drama scripts and one film script on March 20, 2019, to diversify and enhance its advertising media business[20] Business Development and Opportunities - The company is actively exploring new business opportunities in areas such as artificial intelligence, electronic communications, and 5G technology[8] - The company is in the late stages of research and testing for a technology that can process and recycle foam waste, which could significantly alleviate the issue of foam material pollution[12] - The company has established a stable income stream from rental income and asset appreciation from properties owned, including hotels and villas[8] - The group is focused on expanding its business and exploring commercial cooperation opportunities[36] - The Chinese government has issued various plans to promote the development of "smart cities," which the group is aligning with in its strategic initiatives[32] Employee and Labor Matters - Employee costs totaled HKD 270,043,000 for the year, an increase from HKD 250,421,000 in the previous year[37] - The group employed a total of 1,520 employees as of March 31, 2019, down from 1,604 employees in the previous year[37] - The group has taken measures to address labor shortages, including reviewing wage and benefit packages and exploring the use of AI-enabled machines to improve efficiency[21] - The employee turnover rate was approximately 4.2% for the year ending March 31, 2019, up from 3.8% in 2018, involving 749 employees[96] - The gender composition of the workforce was approximately 1 male to 2.76 females, improving from 1 male to 2.98 females in 2018[91] - The company provided an average of five training sessions per employee during the year ending March 31, 2019[105] - The company has implemented safety measures resulting in a total of 0.6% of available workdays lost due to work-related injuries[101] Environmental and Social Responsibility - The company emphasized its commitment to sustainability, integrating ESG principles into its business strategy[55] - The group published its Environmental, Social, and Governance (ESG) report, detailing sustainability measures from April 1, 2018, to March 31, 2019[57] - The report highlights key performance in three environmental and eight social aspects, focusing on its main subsidiaries in cleaning services and medical waste management in Hong Kong and China[58] - The group identified and confirmed 22 significant issues impacting operations, environment, and society, including greenhouse gas emissions and labor standards in the supply chain[63] - The group reported no violations of environmental laws in its major businesses during the fiscal year ending March 31, 2019[68] - The group aims to enhance stakeholder engagement through various communication channels to align with their expectations[60] - The group is committed to providing competitive compensation and a safe working environment for employees[60] - The group emphasizes the importance of environmental protection and community support as part of its long-term sustainable development strategy[57] Corporate Governance - The company has maintained good corporate governance practices, adhering to the corporate governance code principles, with some deviations noted[128] - The board consists of six executive directors and four independent non-executive directors, ensuring a balanced composition for effective independent judgment[138] - The company has adopted a code of conduct for directors' securities trading, which is at least as stringent as the listing rules[135] - The company has established a rigorous framework for internal controls and governance, with various committees supporting the board's responsibilities[140] - The company has a robust internal control and risk management system in place to mitigate risks associated with achieving strategic objectives[129] - The company has established a communication platform on its website to provide shareholders and investors with comprehensive financial information and updates[184] Future Outlook and Guidance - The group anticipates that overall operating costs will likely rise in the coming years due to increased environmental compliance requirements in the medical waste treatment industry[31] - The group expects that revenue from the advertising media business will not be less than the current year despite uncertainties from the US-China trade war[28] - The company provided guidance for the next quarter, expecting revenue to be between $A million and $B million, indicating a growth rate of C%[49] - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on innovative technology solutions[49] - The company is expanding its market presence in regions E and F, targeting a market share increase of G% by the end of the fiscal year[49] Compliance and Legal Matters - The company has not identified any significant non-compliance issues that could lead to major fines or penalties during the reporting period[99] - The company has maintained compliance with relevant laws and regulations regarding product responsibility, with no significant non-compliance issues reported during the fiscal year ending March 31, 2019[115] - The company has established a code of conduct to prevent corruption, bribery, and money laundering, with strict disciplinary actions for violations[118] - The company has not encountered any legal cases related to corruption during the reporting period[121]