Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year 2021, representing a Y% growth compared to the previous year[1]. - The company's total revenue for the year was approximately HKD 485.8 million, an increase of 17.5% compared to HKD 413.3 million in the previous year[103]. - The toy division reported total revenue of approximately HKD 456.1 million, an increase of about 18.9% compared to the previous year, driven by increased demand for indoor leisure products during lockdowns[23]. - The toy division's profit surged by 1,385.2% to approximately HKD 4.0 million from HKD 0.3 million in the previous year[93]. - The financial services division contributed revenue of approximately HKD 29.6 million, remaining roughly flat compared to the previous year, while the division's losses decreased by about 58.0%[24]. - The financial services division recorded revenue of approximately HKD 29.6 million, remaining stable compared to the previous year, despite a significant decrease in brokerage commission income by approximately 53.8%[94]. - The net loss for the year decreased by approximately 59.4% to about HKD 35.6 million from a loss of about HKD 87.7 million in the previous year[107]. User and Market Growth - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[2]. - Market expansion efforts are underway, targeting F new regions, which are expected to increase market share by G%[6]. - The company plans to focus on maintaining its reliable customer base in the toy division while improving service efficiency, including production efficiency and timely product delivery[25]. - Revenue from North American and Western European clients accounted for approximately 63.1% and 24.6% of the toy division's total revenue, respectively, with increases of about 21.8% and 29.0% year-on-year[88]. Strategic Initiatives - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected total revenue of $C million[3]. - New product launches are anticipated to contribute an additional D million in revenue, with a focus on innovative features and market needs[4]. - The company is investing in R&D, allocating E% of its revenue towards developing new technologies and enhancing existing products[5]. - The company is exploring potential acquisitions to enhance its product portfolio and market presence, with a focus on strategic fit and synergy[7]. - The company plans to seek higher quality issuers and is confident in its role as a global coordinator for IPO projects[26]. Operational Efficiency - A new operational strategy has been implemented to improve efficiency, aiming for a reduction in production costs by H%[8]. - The company aims to enhance automation in production processes to further strengthen operational efficiency in the toy division[25]. - The company continues to focus on high-margin product lines in the toy division to navigate the uncertain macroeconomic environment[84]. - The company is enhancing cost control in the financial services division and hiring more commission-based employees to align their interests with the division's performance[139]. Governance and Compliance - The Audit Committee held at least 2 regular meetings during the financial year, ensuring compliance with the listing rules[47]. - The Audit Committee reviewed the consolidated financial statements for the year ending March 31, 2021, confirming they were prepared in accordance with applicable accounting standards[51]. - The company has no internal audit function, but the Audit Committee is responsible for regular reviews of risk management and internal control systems[50]. - The Nomination Committee confirmed that non-executive directors dedicated sufficient time and effort to the group's affairs[59]. - The company ensured that all independent non-executive directors were independent throughout the financial year[62]. Sustainability and Environmental Impact - The management team emphasized a commitment to sustainability, with initiatives aimed at reducing environmental impact by I% over the next five years[10]. - The company has implemented strict environmental protection measures and policies to reduce emissions and waste[164]. - The toy division has not faced any environmental claims or penalties during the year, indicating adherence to environmental responsibilities[170]. - The company has implemented energy-saving measures, such as using LED lighting and water-saving devices in offices[172]. Challenges and Risks - The overall business outlook remains challenging, and the company will continue to manage costs cautiously while linking new employee compensation to performance[26]. - The company anticipates a volatile business environment in the next fiscal year due to ongoing challenges from the COVID-19 pandemic[135]. - The company is concerned about rising raw material prices impacting profit margins, particularly in the toy division[136]. - Global economic and political uncertainties, including the ongoing US-China trade war, may adversely affect the company's performance[165]. Shareholder Relations - The company prioritizes clear and transparent communication with shareholders to understand the group's performance and prospects[71]. - The company allows shareholders holding at least 10% of voting rights to request a special general meeting to address specified matters[72]. - The board has proposed not to declare a final dividend for the year ending March 31, 2021, consistent with the previous year[144]. Employee and Director Information - The total employee cost for the year ended March 31, 2021, was approximately HKD 37.1 million, down from HKD 43.1 million in 2020[133]. - The executive directors have service contracts for three years, requiring a minimum of three months' written notice for termination[177]. - The independent non-executive directors are considered independent under the relevant guidelines of the Hong Kong Stock Exchange[175]. Stock Options and Equity - The company has a stock option plan in place to reward employees, directors, and other selected participants for their contributions[199]. - The total number of unexercised stock options under the plan was 130,271,600, representing 8.8% of the issued share capital[200]. - The stock options will vest in three tranches: 30% after the first anniversary, 30% after the second anniversary, and 40% after the third anniversary of the grant date[197].

2020/2021 Financial Services Division Toy Division 中期報告 | 目錄 | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層討論及分析 | 3 | | 其他資料 | 13 | | 簡明綜合財務報表 | | | 18 | －簡明綜合全面收益表 | | 19 | －簡明綜合財務狀況表 | | 21 | －簡明綜合權益變動表 | | 23 | －簡明綜合現金流量表 | | 24 | －簡明綜合財務報表附註 | 公司資料 董事會 執行董事 劉浩銘先生 （執行主席） 潘栢基先生 朱允明先生 非執行董事 李敏儀女士 獨立非執行董事 梁寶榮先生 GBS, JP 陳兆榮先生 黃華安先生 董事委員會 審核委員會 陳兆榮先生 （主席） 梁寶榮先生 GBS, JP 黃華安先生 薪酬委員會 梁寶榮先生 GBS, JP（主席） 陳兆榮先生 劉浩銘先生 提名委員會 梁寶榮先生 GBS, JP（主席） 陳兆榮先生 劉浩銘先生 企業管治委員會 陳兆榮先生 （主席） 潘栢基先生 李敏儀女士 公司秘書 鄧婉貞女士 授權代表 潘栢基先生 鄧婉貞女士 註冊辦事處 Crick ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of $500 million for the fiscal year, representing a 20% growth compared to the previous year[1]. - The company reported a net profit margin of 12%, up from 10% in the previous year[1]. - Cash flow from operations improved by 30%, totaling $80 million for the fiscal year[1]. - The group’s total revenue for the year was approximately HKD 413.3 million, a decrease of 33.8% from HKD 624.2 million in the previous year, primarily driven by a reduction in the toy segment's revenue[97]. - The overall financial services segment recorded a loss of approximately HKD 57.6 million, an increase of about 23.4% from the previous year's loss of HKD 46.6 million, mainly due to goodwill impairment loss related to Gao Cheng Securities Limited[93]. - The group's net loss for the year was approximately HKD 87.7 million, an increase of about 145.0% compared to the previous year's net loss of approximately HKD 35.8 million[101]. User Engagement - User data showed a 15% increase in active users, reaching 1.2 million by the end of the fiscal year[1]. Future Projections - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to 15%[1]. - The company anticipates continued difficulties in the upcoming fiscal year, with strict cost control and flexible inventory management strategies in place for the toy division[26]. - The projected EBIT margin for the next five years has been adjusted downwards to reflect a 32% reduction in forecasted revenue[96]. Product Development and Innovation - New product launches included two innovative toy lines, expected to contribute an additional $50 million in revenue[1]. - The company is investing $10 million in research and development for new technologies in the toy manufacturing process[1]. Market Expansion - Market expansion plans include entering three new international markets, aiming for a 5% market share within the first year[1]. - The company completed a strategic acquisition of a smaller competitor for $30 million, enhancing its market position[1]. Marketing Strategy - A new marketing strategy was introduced, focusing on digital channels, with a budget increase of 25% compared to the previous year[1]. Challenges and Risks - The group faced significant challenges in the operating environment due to the escalation of the US-China trade war and the COVID-19 pandemic, leading to a decline in retail market conditions for the toy division[81]. - The ongoing U.S.-China trade tensions have created an atmosphere of uncertainty in the global toy industry, impacting sales across all major markets[90]. - The company expects volatility in local financial markets due to the uncertainties surrounding the COVID-19 pandemic, which may delay some transactions[26]. - Global economic and political uncertainties, such as Brexit and the COVID-19 pandemic, may adversely impact the group's performance[162]. Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules and has complied with all applicable provisions for the financial year ending March 31, 2020[30]. - The board of directors consists of 8 members, including the executive chairman and several non-executive directors[35]. - The company has established four committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee, each with defined responsibilities[43]. - The Audit Committee reviewed the consolidated financial statements for the year ended March 31, 2020, ensuring compliance with applicable accounting standards[52]. Environmental and Social Responsibility - The group is committed to environmental protection and has implemented strict measures to comply with current environmental laws[160]. - The company has implemented energy-saving measures, including the use of LED lighting and water-saving devices in offices[168]. - The financial services division has continued to provide electronic statements to reduce paper usage, with no environmental claims or penalties reported during the year[171]. Shareholder Information - The company expressed gratitude to customers, shareholders, and partners for their ongoing support and confidence[27]. - The company did not declare a final dividend for the year ended March 31, 2020, consistent with the previous year[141]. - As of March 31, 2020, the total shares held by the executive chairman amounted to 496,464,000 shares, representing 33.7% of the issued share capital[180]. Financial Services Division - The financial services division recorded an increase in revenue, with a significant reduction in losses (excluding goodwill impairment) compared to the previous fiscal year[23]. - The financial services division is preparing multiple projects and focusing on expanding transaction sources and increasing recurring income from investment consulting and discretionary management services[26]. - The financial services division successfully completed six IPO projects as the lead manager during the fiscal year, marking a significant improvement compared to the previous year[81]. Cost Management - The company plans to maintain efficient operational management and implement strict cost controls in the toy division to navigate the uncertain market conditions[86]. - The financial services division is implementing significant cost-cutting measures, including reductions in fixed salaries and rental expenses, to maintain revenue levels during challenging times[136].

2019/2020 中期報告 Financial Services Division Toy Division | 目錄 | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層討論及分析 | 3 | | 其他資料 | 12 | | 簡明綜合財務報表 | | | －簡明綜合全面收益表 | 19 | | －簡明綜合財務狀況表 | 20 | | －簡明綜合權益變動表 | 22 | | －簡明綜合現金流量表 | 24 | －簡明綜合財務報表附註 25 董事會 執行董事 劉浩銘先生 （執行主席） 潘栢基先生 黃錦城先生 朱允明先生 董事委員會 審核委員會 陳兆榮先生 （主席） 梁寶榮先生 GBS, JP 黃華安先生 公司資料 非執行董事 李敏儀女士 獨立非執行董事 梁寶榮先生 GBS, JP 陳兆榮先生 黃華安先生 薪酬委員會 梁寶榮先生 GBS, JP（主席） 陳兆榮先生 劉浩銘先生 提名委員會 梁寶榮先生 GBS, JP（主席） 陳兆榮先生 劉浩銘先生 企業管治委員會 陳兆榮先生 （主席） 黃錦城先生 李敏儀女士 公司秘書 鄧婉貞女士 授權代表 黃錦城先生 鄧婉貞女士 註冊辦事處 Crick ...

Toys Division Financial Services Division Toys Division Financial Services Division Annual Report 2019 2019 年 報 Annual Report 2019 年 報 目錄 公司資料 2 董事及高級管理層履歷 3 主席報告書 7 企業管治報告 9 管理層討論及分析 19 董事會報告 32 獨立核數師報告 47 綜合財務報表 綜合損益及其他全面收益表 51 綜合財務狀況表 52 綜合權益變動表 54 綜合現金流量表 55 綜合財務報表附註 57 五年財務概要 148 頁次 公司資料 董事會 執行董事 劉浩銘先生 （執行主席） 潘栢基先生 黃錦城先生 朱允明先生 非執行董事 李敏儀女士 獨立非執行董事 梁寶榮先生 GBS, JP 陳兆榮先生 黃華安先生 董事委員會 審核委員會 陳兆榮先生 （主席） 梁寶榮先生 GBS, JP 黃華安先生 薪酬委員會 梁寶榮先生 GBS, JP （主席） 陳兆榮先生 劉浩銘先生 提名委員會 梁寶榮先生 GBS, JP （主席） 劉浩銘先生 陳兆榮先生 企業管治委員會 陳兆榮先生 （ ...