Business Operations - The Group has been the sole authorized distributor of FUJIFILM photography products in Hong Kong and Macau since 1968, and of ASTALIFT skincare products since 2010[24]. - The Group operates retail businesses in Hong Kong through its Fotomax retail chain, providing photofinishing and imaging solutions[24]. - In August 2015, the Group acquired a 49% stake in the Hong Kong operations of kikki.K, an international retail chain[24]. - Since July 2019, the Group has been providing imaging operations at Hong Kong Disneyland Resort, expanding its business in a new field[24]. - The Group organized various activities to promote its brands despite challenges posed by the pandemic[35]. - The Group's diversified business portfolio helped navigate challenges posed by the pandemic[80]. - The Group's operations were significantly disrupted in Q4 due to the fifth wave of the pandemic and stringent government measures[94]. - The Group's services segment experienced a significant sales increase of 47.6% YOY, driven by the reactivation of previously suspended projects[129]. - The Group's sales orders from hotels and casinos in Macau contributed to sustaining sales in the B-to-B segment[116]. Financial Performance - Revenue for the year ended 31 March 2022 was HK$1,015,240,000, an increase of 10.8% from HK$916,750,000 in 2021[30]. - Profit attributable to owners of the Company for the year was HK$18,110,000, compared to HK$33,635,000 in the previous year, reflecting a decrease of 46.1%[30]. - Basic earnings per share decreased to 1.53 HK cents from 2.84 HK cents, a decline of 46.1%[30]. - Total assets less current liabilities increased to HK$716,694,000 from HK$707,094,000, a growth of 0.2%[30]. - Current ratio for the year was 287.73, down from 296.92 in the previous year, indicating a decrease in liquidity[30]. - The dividend pay-out ratio increased to 65.45% from 35.24% in the previous year, indicating a higher proportion of earnings distributed as dividends[30]. - Cash and bank balances decreased to HK$229,230,000 from HK$282,663,000, a decline of 18.9%[30]. - The Group recorded a consolidated turnover of HK$1,015 million, representing a year-on-year growth of 10.7%[94]. - Net profit attributable to shareholders was HK$18.1 million, a decrease of 46.2% or HK$15.5 million compared to FY2020/21[98]. - Basic earnings per share were HK$0.0153, down from HK$0.0284 in FY2020/21[80]. Product Development and Launches - FUJIFILM launched the instax mini 11 BTS Butter special edition, which was well received by fans[38]. - The instax Link WIDE, launched in December 2021, is the first wide-format film printer featuring QR Code and collage printing functions[39]. - The instax mini STONE GRAY instant film was introduced, featuring a gray frame that imitates rock color with silver metallic accents[40]. - The GFX50S II digital camera, launched in September 2021, weighs only 900g and features a 51.4-megapixel large-format sensor[52]. - The X-T30 II digital camera, launched in September 2021, includes a new algorithm for improved autofocus and up to 18 film simulation modes[53]. - The instax mini Evo hybrid instant printer, launched in December 2021, combines instant camera and printer features with 100 different photo styles[58]. - The instax mini 40 instant camera, launched in May 2021, features a built-in self-timer and automatic shutter speed adjustment[55]. - The instax Link WIDE photo printer weighs approximately 340g and is available in two colors: Ash White and Mocha Gray[56]. - The instax mini 11 BTS Butter special edition features a cream yellow body color inspired by the BTS album cover[59]. - The instax WIDE BLACK instant film was launched in December 2021, expanding the product line[60]. - The Group launched several new products in FY2021/22, including the instax mini 40 and instax mini Evo, which were well received in the market[104]. Marketing and Sales Strategies - The Group enhanced its online shopping platforms to improve user experience and accommodate various payment methods[82]. - The Group organized marketing events on social media, achieving high engagement rates and strong sales during product launches[106]. - Seasonal promotions, including complimentary photo services during Mother's Day and Father's Day, were implemented to strengthen customer engagement[126]. - The Group's promotional activities were cost-effective, primarily utilizing word-of-mouth and social media platforms like Facebook and Instagram[119]. - The Group maintained a healthy inventory level and focused on brand building and close contact with potential commercial customers through eDM[116]. Employee Engagement and Corporate Culture - The Group emphasizes the importance of corporate culture for sustainable development and management[4]. - The Group encourages employees to propose innovative working solutions to enhance competitiveness[13]. - The Group focuses on professional knowledge training for employees and their personal potential development[13]. - The Group promotes a harmonious and cooperative team spirit to maximize employee capacities[18]. - The Group has been committed to providing quality services and products for over half a century[170]. - A comprehensive Key Performance Indicators (KPI) program was implemented to enhance operational efficiency and measure staff performance[140]. - The Group had a total of 530 staff members as of 31 March 2022, an increase from 525 in the previous year[139]. Corporate Social Responsibility and Sustainability - The Group is committed to creating high-quality products and services while fulfilling corporate social responsibility[16]. - During FY2021/22, the Group contributed to society through donations and voluntary services, including distributing COVID-19 rapid antigen testing kits[82]. - The Group's Social Responsibility Team organized various voluntary services targeting those in need, including the physically and mentally handicapped, elderly, and abandoned animals[141]. - The Group's ESG Committee is responsible for overseeing sustainability policies and performance, focusing on environment, workplace, supply chains, and community[170]. - The Group has adopted various green office initiatives, including the development of e-forms and materials recycling, to reduce environmental impact[170]. - The Group actively collaborates with stakeholders to work towards a more sustainable future despite challenges posed by the COVID-19 pandemic[170]. Risk Management and Financial Strategy - The Group adopted a conservative approach to financial risk management, avoiding highly leveraged or speculative derivatives products[133]. - The Group has implemented cost-cutting measures that are expected to save $J million annually, improving overall profitability[157]. - The Group's approach to procurement includes managing relationships with suppliers and subcontractors, focusing on environmental and labor aspects[193]. - The Group's governance practices enhance transparency in risk management and anti-corruption efforts[195].

Financial Performance - The Group achieved a revenue growth of 5.3% to HK$476 million for the six months ended September 30, 2021, compared to HK$452 million in the previous period[6]. - Net profit attributable to shareholders was HK$3.0 million, representing a drop of 84.0% or HK$15.7 million compared to the previous period's profit of HK$18.7 million[6]. - Basic earnings per share for the period amounted to HK0.25 cents, down from HK1.57 cents in the previous period[6]. - Total comprehensive income for the period was HK$3,821,000, down from HK$19,613,000, a decrease of 80.5%[97]. - Profit for the period decreased significantly to HK$3,152,000 from HK$18,037,000, indicating a decline of 82.5%[97]. - The Group's profit before income tax for the six months ended September 30, 2021, was HK$3,655,000, a decrease from HK$18,736,000 in the same period of 2020[140]. - The profit attributable to owners of the Company for the six months ended September 30, 2021, was HK$2,996,000, a significant decrease of 84.0% from HK$18,667,000 in the same period of 2020[157]. Revenue and Sales Trends - Sales of digital cameras and lenses dropped by 34.8% compared to the previous period, impacted by travel restrictions and global semiconductor shortages[10]. - Sales of instant cameras and films increased dramatically by 54.8% compared to the previous period, driven by the relaxation of social distancing measures[10]. - Consumer electronic products and household appliances segment saw a sales growth of 12.6%, with retail sales increasing by 9.5% and same-store sales up by 11.9%[14]. - Sales of TV sets grew by 13.1%, while audio systems sales increased by 14.0%, accounting for 86.4% of total sales in the consumer electronics segment[14]. - The imaging services segment saw an overall sales increase of 11.0% compared to the previous period, despite ongoing pandemic challenges[22]. - Sales of photo developing and processing (D&P) increased by 5.6%, while ID photo-taking sales rose by 6.9% as schools resumed normal operations[25]. Cost Management and Expenses - Advertising and marketing expenses were kept at a low level, only 0.7% of total sales during the period[6]. - The Group focused on cost control and eliminated unnecessary spending across all aspects of operations[6]. - The Group plans to adopt a cautious approach to spending, particularly in marketing and advertising, due to unfavorable market conditions[43]. Inventory and Assets - The Group maintained a healthy inventory level and adjusted product offerings to meet increasing market demand despite semiconductor shortages[14]. - As of September 30, 2021, the Group had cash and bank balances of HK$262 million and was debt-free, indicating strong financial resources[38]. - The Group's trade receivables stood at HK$59 million, while inventories were valued at HK$114 million as of September 30, 2021[39]. - Total assets as of September 30, 2021, amounted to HK$874,612,000, slightly up from HK$870,746,000 as of March 31, 2021[101]. - Total liabilities increased to HK$238,858,000 from HK$226,960,000, reflecting a rise of 5.1%[105]. Market Strategy and Product Development - The Group launched several new instant camera models during the period, including instax mini 40 and Mickey and Friends mini film[10]. - The group launched new instant camera products, including the instax mini 40 and Mickey & Friends mini film, to enhance market presence[12]. - The Group plans to expand its product portfolio to include imaging services at schools and wedding events, and to organize pop-up imaging events[32]. - The Group introduced innovative products like the B&W Nautilus speakers to capture market opportunities[14]. Shareholding and Corporate Governance - Directors' total shareholdings represent 60.11% of the company's issued share capital, with Dr. Sun Tai Lun Dennis holding 712,496,214 shares[51]. - The company has complied with the Corporate Governance Code throughout the six months ended September 30, 2021[78]. - The Company did not purchase, sell, or redeem any of its listed securities during the period[82]. - The Board does not recommend the payment of any interim dividend for the six months ended 30 September 2021[82]. Security and Compliance - An unauthorized access to certain systems and databases was discovered on 26 October 2021, but it is believed to have no material adverse impact on the Group's operation and financial position[82]. - The unauthorized access to the system and database has been investigated, and the board believes it has no significant adverse impact on the group's operations and financial condition[182]. - The group is taking appropriate measures to enhance the security of its information systems following the incident[182].

Business Operations - The Group has been the sole authorized distributor of FUJIFILM photography products in Hong Kong and Macau since 1968, and of ASTALIFT skincare products since 2010[15]. - In August 2015, the Group acquired a 49% stake in the Hong Kong operations of kikki.K, an international retail chain specializing in premium Scandinavian-designed products[15]. - Since July 2019, the Group has been providing imaging operations at Hong Kong Disneyland Resort, leveraging its expertise in the field[15]. - The Group operates retail businesses through its Fotomax chain, offering photofinishing and imaging solutions, as well as consumer electronics under various brand names[15]. Financial Performance - Total revenue for the year ended March 31, 2021, was HK$916,750,000, a decrease from HK$880,298,000 in 2020[17]. - Profit before income tax for 2021 was HK$34,472,000, compared to a loss of HK$36,054,000 in 2020[17]. - Basic earnings per share for 2021 was 2.84 HK cents, an improvement from a loss of 2.45 HK cents in 2020[17]. - Cash and bank balances increased to HK$282,663,000 in 2021 from HK$197,314,000 in 2020, representing a growth of 43.1%[17]. - Non-current assets totaled HK$384,826,000 in 2021, slightly up from HK$378,053,000 in 2020[17]. - Current liabilities rose to HK$163,652,000 in 2021 from HK$147,449,000 in 2020, indicating an 11.5% increase[17]. - The company declared a final dividend of 1 HK cent per ordinary share for the year ended March 31, 2021[19]. - The debt to equity ratio remained stable, with no specific percentage provided for 2021[17]. - The return on equity for 2021 was 5.22%, a recovery from a negative return of 7.29% in 2020[17]. Product Development and Launches - The company launched the new X-S10 digital camera and FUJINON binoculars series to enhance product offerings and market presence[25]. - FUJIFILM launched the instax mini 11 instant camera in April 2020, featuring five colors and automatic exposure adjustment[30]. - The GFX100S digital camera, launched in January 2021, weighs only 900g and features a 102-megapixel sensor with a five-axis IBIS mechanism[38]. - The X-E4 mirrorless digital camera was reintroduced in January 2021 after a four-year hiatus, enhancing image quality and stability[39]. - The X-T4 flagship mirrorless digital camera offers the world's fastest continuous shooting at 15 frames per second and autofocus speed of 0.02 seconds[42]. - The instax SQUARE SQ1 instant camera, launched in October 2020, features a modern design with three color options[45]. - The instax mini BLUE MARBLE and instax SQUARE WHITE MARBLE films were newly launched, expanding the product line[29]. - The instax SQUARE RAINBOW instant film was introduced in October 2020, adding variety to the instant film offerings[46]. - The X-S10 digital camera, launched in November 2020, features a 26.1-megapixel sensor and is designed for lightweight photography[41]. - FUJIFILM held its first live streaming launch conference for the GFX100S in January 2021, attracting significant viewer engagement[35]. Market Trends and Sales Performance - The Group's revenue increased by 4.1% year on year to HK$917 million, driven by strong sales in consumer electronics and household appliances[71]. - E-commerce sales of AV Life products surged by over 300% year on year, despite a decline in online sales through the Fotomax site[72]. - The Group achieved a net profit of HK$33.6 million for FY2020/21 and increased its cash balance by HK$85 million compared to FY2019/20[76]. - The pandemic significantly impacted the photographic products and services segment, particularly at Hong Kong Disneyland Resort, which faced a substantial drop in visitor numbers[70]. - Sales of TVs and audio equipment rose significantly, compensating for declines in other business segments[71]. - The Group's diversified product portfolio helped maintain sales during the pandemic, with online platforms rapidly developed to meet changing consumer trends[69]. Sustainability and Corporate Responsibility - The Group is committed to sustainability, creating value for shareholders, employees, customers, and the social environment[12]. - The Group has reduced GHG emissions by 38% during FY2020/21[156]. - The Group's commitment to safe and high-quality products is emphasized during the COVID-19 pandemic[156]. - The Group will continue to work towards a more sustainable future through collaboration with stakeholders[156]. - The Group's dedication to reducing environmental impact includes the development of e-forms and materials recycling[156]. - The Group's ESG Committee, chaired by the COO, oversees sustainability policies and sets objectives related to environment, workplace, supply chains, and community[160]. Employee Development and Management - The Group focuses on professional knowledge training and personal potential development for employees to enhance competitiveness[9]. - The Group's core values include accountability, curiosity to learn, and open-mindedness, fostering a culture of innovation and excellence[8][10][11]. - The management team emphasized cautious inventory management due to the uncertain COVID-19 situation and semiconductor supply shortages[100][104]. - The group employed a total of 525 staff as of March 31, 2021, a slight decrease from 527 staff in the previous year[133]. - The group continued to support staff development through various training activities, adhering to anti-pandemic measures[133]. Marketing and Customer Engagement - The Group's marketing efforts included collaborations with various partners and a revamped website aimed at attracting younger customers[114]. - Marketing efforts for ASTALIFT included social media campaigns and promotions, such as the "BeTrulyYou" campaign featuring KOL recommendations[109]. - The Group plans to enhance e-commerce capabilities and develop mobile apps for personalized customer experiences[80]. Inventory and Cost Management - The Group implemented stringent inventory and cost management measures, resulting in substantial rent concessions from landlords[72]. - The Group adopted an aggressive inventory management approach, resulting in a stock clearance that yielded a reversal of inventory provisions amounting to HK$4.2 million[90]. - The Group's inventory level dropped by 34.4% compared to the end of March 2020, reflecting a cautious inventory management strategy[123].

Financial Performance - For the six months ended September 30, 2020, the Group's consolidated turnover was HK$452 million, a decrease of 5.0% from HK$476 million in the same period last year[5]. - The Group's net profit attributable to shareholders was HK$18.7 million, compared to a loss of HK$2.0 million in the same period last year[5]. - Basic earnings per share were HK1.57 cents, while the previous year recorded a basic loss per share of HK0.17 cent[5]. - The group's gross profit margin decreased to 21.8% in the first six months of the fiscal year, down from 23.6% in the same period last year, primarily due to a decline in sales of high-margin printing and imaging services[9]. - Revenue for the six months ended 30 September 2020 was HK$452,014,000, a decrease of 5.1% from HK$476,185,000 in the same period of 2019[77]. - Gross profit for the period was HK$98,453,000, down 12.4% from HK$112,417,000 in the previous year[77]. - Operating profit for the six months ended 30 September 2020 was HK$20,135,000, compared to an operating loss of HK$281,000 in the same period of 2019[77]. - Profit before income tax was HK$18,736,000, a significant recovery from a loss of HK$2,052,000 in the prior year[77]. - Profit for the period attributable to owners of the Company was HK$18,667,000, compared to a loss of HK$1,988,000 in the same period of 2019[77]. - Total comprehensive income for the period amounted to HK$19,613,000, compared to a loss of HK$3,026,000 in the prior period[83]. Sales and Market Trends - Sales of consumer electronic products and household appliances grew significantly during the review period, helping to offset losses in other segments[7]. - The overall volume of local retail sales in Hong Kong dropped by 30% from January to September 2020 compared to the same period in 2019[5]. - Sales of digital cameras and lenses dropped by 23.6%, while sales of instant cameras and films decreased by 46.6% compared to the same period last year[16]. - Sales for consumer electronic products and household appliances rose by 19.4%, with retail sales increasing by 27.3% and same-store sales growing by 24.0%[16]. - The Group's sales in the B-to-B commercial and professional AV products segment dropped by 20.8% due to COVID-19 related cancellations of large events[22]. - The photofinishing and imaging services segment saw a 25.5% decline in overall sales compared to the same period last year, with online sales falling by 11.3%[28]. Cost Control and Operational Efficiency - The Group implemented stringent cost control initiatives and an aggressive stock clearance program to maintain a healthy level of working capital[7]. - Management achieved short-term gains by negotiating rental concessions and reducing working hours of part-time staff during the pandemic[7]. - The management conducted a comprehensive strategic business review and implemented a KPI program to enhance operational efficiency[11]. - The group is closing underperforming stores upon lease expiry and seeking new locations with low rent and good growth potential[11]. - Cost control measures included negotiating short-term rent waivers and reducing part-time staff hours during the pandemic[9]. - The management aims to maintain a robust operating capital level through strict cost control and active inventory clearance plans[9]. Government Support and Financial Position - Government subsidies received during the review period amounted to HK$18.2 million, recorded under "Other Income," which helped the group continue operations without layoffs[12]. - The Group achieved a foreign exchange gain of HK$1.0 million during the period, compared to a foreign exchange loss of HK$2.1 million in the same period last year, resulting in a turnaround of over HK$3 million[12]. - As of September 30, 2020, the Group had cash and bank balances of HK$274 million and was debt-free, indicating strong financial resources[37]. - The Group's trade receivables stood at HK$44 million, while inventories were valued at HK$115 million as of September 30, 2020[37]. - The total number of full-time and part-time employees increased to 527 as of September 30, 2020, up from 482 in the previous year[37]. Strategic Initiatives and Future Outlook - The Group plans to focus on acquiring business from NGOs and the public sector, such as hospitals and educational organizations, in response to the challenging commercial project landscape[33]. - The Group aims to expand its product offerings, particularly in the growing consumer electronics and household appliances segment[35]. - The Group will become FUJIFILM Japan's official distributor in Hong Kong for binoculars and certain cleaning products, enhancing its product portfolio[35]. - The Group plans to improve its e-commerce capabilities by revamping brand websites and collaborating with third-party online shopping platforms[35]. - The Group's management is closely monitoring the ongoing impact of the COVID-19 outbreak, which remains uncertain and may affect future operations and financial performance[188]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the six months ended 30 September 2020[56]. - The audit committee reviewed the financial statements for the six months ended 30 September 2020, confirming compliance with applicable accounting standards[61]. - The financial information was reviewed by PricewaterhouseCoopers, with no significant issues identified[75]. - The company has established written guidelines for employees regarding securities transactions to prevent non-compliance[56]. - No interim dividend was recommended for the six months ended September 30, 2020[62].

Financial Performance - The Group's consolidated turnover for the six months ended September 30, 2019, was HK$476 million, a slight decrease of 0.6% compared to HK$479 million recorded in the same period last year [5]. - The net loss attributable to shareholders during this period was HK$2.0 million, an improvement of HK$5.7 million compared to the same period last year [6]. - Overall sales of photographic products declined by 16.5% compared to the same six-month period last year, with a notable drop of 32.6% in the last three months of the reporting period due to escalating retail challenges in Hong Kong [10]. - The Group's photofinishing and imaging services segment registered year-on-year growth during the traditional peak back-to-school season of August and September [9]. - The Group's advertising and marketing expenses were reduced by HK$2.9 million, a decrease of 20.0% compared to the same period last year, as the Group focused on lower-cost promotional activities [11]. - The Group's hospitality TV sales experienced a remarkable increase of 95.3% year-on-year, reflecting the hotel sector's adoption of innovative technologies [24]. - The Group's wholesale business for consumer electronic products and household appliances achieved a revenue increase of 47.8% compared to the same period last year, driven primarily by strong television sales [24]. - The Group's retail sales for consumer electronics and home appliances decreased by 9.2% year-on-year, while same-store sales increased by 1.5% [21]. - The Group's DocuXpress service recorded a sales increase of 17.1% during the review period, reflecting its growing popularity [31]. - The Group's imaging operation services at Hong Kong Disneyland generated encouraging turnover, although it was below initial forecasts due to a significant drop in visitors starting in July [31]. Cost Management - The Group's careful spending on controllable costs has helped secure profitability in a challenging economic environment [9]. - The Group is focusing on maximizing returns by analyzing sales performances and closing underperforming stores upon lease expiry [9]. - The Group closed one underperforming store, reducing the total number of stores to 13 as of September 30, 2019 [19]. - The Group will negotiate with landlords for rental concessions and adjust store operating hours to improve efficiency during challenging retail conditions [40]. - The Group intends to maintain strict cost controls and flexibility in business decisions to weather the current economic storm and benefit from complementary business interests once the retail environment stabilizes [40]. Market Challenges - The ongoing Sino-US trade dispute and social unrest in Hong Kong negatively impacted consumer sentiment and spending, particularly affecting non-essential and luxury items [7]. - The Group anticipates a continued slowdown in the consumer market due to reduced Mainland tourist arrivals and weaker local sentiment, particularly affecting luxury and discretionary spending segments [37]. - Sales of luxury cameras and high-end electrical appliances are expected to decline further before stabilizing, while sales of essential consumer goods like skincare products are projected to remain stable [37]. Product Development and Innovation - The Group plans to introduce new products this year to attract consumers seeking to upgrade their equipment [9]. - The Group launched the FUJIFILM GFX100, a high-end camera retailing for approximately US$10,000, which has received positive market feedback and initial sales have been good [13]. - The Group introduced a hybrid instant camera, the "instax mini LiPlay," which has achieved encouraging sales due to its new features and portability [15]. - The Group plans to launch new FUJIFILM models, including the X-A7 for entry-level users and the X-Pro3 for premium users, in the next half-year to stimulate sales [37]. - A new FUJIFILM projector with the world's first two-axial rotatable binding lens is expected to be launched in the coming half-year, generating significant consumer interest [40]. Financial Position - As of September 30, 2019, the Group had cash and bank balances of HK$182 million and was debt-free, indicating strong financial resources [44]. - The Group's trade receivables stood at HK$53 million, while inventories were valued at HK$203 million as of September 30, 2019 [44]. - The Group's total liabilities rose to HK$252,586,000 from HK$190,439,000, representing an increase of approximately 32.6% [99]. - Total equity attributable to owners of the company decreased to HK$633,498,000 from HK$640,423,000, a decline of about 1.4% [95]. - The Group's cash and bank balances decreased to HK$181,959,000 from HK$198,178,000, a decline of about 8.2% [95]. Corporate Governance and Compliance - The company has complied with the Corporate Governance Code throughout the six months ended 30 September 2019 [68]. - No incidents of non-compliance with the Employees Written Guidelines were noted by the company [68]. - The audit committee reviewed the financial statements and confirmed compliance with applicable accounting standards [73]. - The Company’s auditors, PricewaterhouseCoopers, conducted a review of the interim financial information and found no issues [78]. Accounting Policies and Standards - The Group adopted HKFRS 16 "Leases" effective from 1 April 2019, changing its accounting policies for leases [119]. - The Group's financial information for the six months ended 30 September 2019 has been prepared in accordance with HKAS 34, "Interim financial reporting" [114]. - The Group plans to adopt new accounting standards and revisions upon their effective dates, which may impact future financial reporting [120]. - The Group is currently evaluating the financial impact of the newly issued and revised standards [120].

Financial Performance - Revenue for the year ended March 31, 2019, was HK$959,045,000, an increase from HK$929,839,000 in 2018, representing a growth of approximately 13.2%[13] - The Group reported a loss attributable to owners of the Company of HK$46,691,000 for 2019, compared to a profit of HK$38,206,000 in 2018, indicating a significant decline in profitability[13] - The Group recorded revenue of HK$959 million for the year, representing a year-on-year growth of 3.1% from HK$930 million last year[71] - The group confirmed an impairment provision of HKD 32.7 million for receivables from an associate due to high credit risk[72] - The Group experienced a net loss attributable to shareholders of HK$46.7 million, compared to a net profit of HK$38.2 million for the previous year[71] Assets and Liabilities - Current assets totaled HK$506,010,000, while current liabilities were HK$155,454,000, resulting in a net current asset value of HK$350,556,000[13] - The Group's non-current assets amounted to HK$326,587,000, with investment properties valued at HK$235,580,000[13] - The Group's cash and bank balances were HK$198,178,000, down from HK$219,486,000 in the previous year[13] - The current ratio was reported at 325.50, indicating a strong liquidity position compared to previous years[13] Market and Product Development - The Group aims to expand its market presence through innovative product offerings and collaborations[20] - The Group has introduced new products such as the instax SQUARE SQ20 and SQ6, featuring enhanced functionalities and retro designs[40][38] - The skincare business achieved stable sales growth of 9.1%, with online sales growing by 12.0% and 48.0% of total sales coming from the ASTALIFT website[80] - The Group plans to launch the GFX100 digital camera in June 2019 and introduce a new rental service for instax mini 8 cameras from May to July 2019[79] Sales and Marketing - Advertising and marketing expenses increased by 38.2% due to extensive promotional activities celebrating the 50th anniversary of Fuji Photo Products[71] - Sales growth in the first half of the year was 5.0%, but slowed to 1.4% in the second half due to the US-China trade war[71] - The Group opened five new Fotomax stores and closed six underperforming ones, ending the year with a total of 63 stores[64] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report highlights the company's commitment to sustainability and social responsibility during the fiscal year 2018/19[142] - The Group established an ESG Committee this year, chaired by the Chief Operating Officer, to promote ESG practices across the organization[144] - The Group's total greenhouse gas (GHG) emissions during the reporting period were approximately 1,310 tonnes of CO2 equivalent, a reduction of 11% compared to 1,470 tonnes in 2017/18[155][159] - The Group has implemented various low-carbon and emission reduction measures to minimize resource consumption[150] Employee and Workforce Management - The Group had a total of 474 employees at the end of the reporting period, a decrease from 486 in the previous year[186] - Employee gender distribution is 53% male and 47% female, showing a slight increase in female representation from the previous year[195] - The Group emphasizes a fair and safe work environment, with no reported incidents of discrimination during the reporting period[189] - The Group provided a total of 1,558 hours of employee training during the reporting period, an increase from 1,411 hours in the previous year[200] Leadership and Management - Dr. Sun Tai Lun Dennis has over 40 years of experience in the photographic products industry and has been with the Group since 1976[117] - Mr. Sun Tao Hung Stanley, the Deputy Chairman and CEO, has been with the Group since 2005 and oversees overall marketing and sales[118] - Ms. Chan Wai Kwan Rita was appointed as CFO and Company Secretary on April 1, 2019, and has over 15 years of experience in auditing and financial management[125] - The Group's leadership team consists of experienced professionals with diverse backgrounds in finance, marketing, and operations[124]