SYNERTONE(01613)

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协同通信(01613) - 2025 - 年度业绩
2025-06-30 13:18
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 截至二零二五年三月三十一日止年度全年業績公告 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」) 會(「董事會」)公 佈 本 集 團 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 綜 合 業 績,連 同截至二零二四年同期的比較數字如下: – 1 – 綜合損益及其他全面收益表 截至二零二五年三月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附 註 | 千港元 | 千港元 | | 收 益 | 4 | 116,933 | 62,581 | | ...
协同通信(01613) - 2025 - 中期财报
2024-12-30 08:31
Financial Performance - Total revenue for the six months ended September 30, 2024, was HKD 76,929,000, with contributions from smartphone sales at HKD 59,691,000, building intelligence at HKD 861,000, control systems at HKD 15,560,000, and data centers at HKD 12,000[21]. - Total revenue for the six months ended September 30, 2024, was HKD 76,124 thousand, a significant increase from HKD 17,126 thousand in the same period of 2023, representing a growth of approximately 344%[29]. - The company reported a comprehensive loss before tax of HKD (14,948,000) for the period[21]. - The group reported an adjusted EBIT loss of HKD (409) thousand for the six months ended September 30, 2024, compared to a loss of HKD (9,807) thousand in the previous period, showing an improvement in operational efficiency[23]. - The group recorded a net loss before tax of HKD (9,807) thousand for the six months ended September 30, 2024, compared to a loss of HKD (9,807) thousand in the same period of 2023, indicating consistent performance despite challenges[23]. - The net loss attributable to the owners of the company was HKD 13,319,000, compared to HKD 8,801,000 in the prior year, marking an increase of about 51%[159]. - The total comprehensive loss for the period was HKD 14,910,000, compared to HKD 9,426,000 in the previous year, indicating an increase of approximately 58%[174]. Cash Flow and Liquidity - The net cash used in operating activities was HKD (25,617,000), compared to HKD (22,833,000) in the previous period[12]. - Cash inflow from bank borrowings amounted to HKD 6,176,000, while repayment of bank borrowings was HKD (13,283,000)[12]. - The cash and cash equivalents at the end of the period were HKD 3,995,000, down from HKD 12,821,000 in the previous year[96]. - The company's cash and cash equivalents significantly dropped to HKD 3,995,000 from HKD 33,373,000, reflecting a decline of approximately 88.0%[186]. - For the six months ended September 30, 2024, the net cash flow decreased by HKD 29,408,000 compared to an increase of HKD 11,069,000 in the same period of 2023[96]. Assets and Liabilities - The total assets of the group as of September 30, 2024, amounted to HKD 218,280 thousand, a slight decrease from HKD 223,095 thousand in the previous year[27]. - As of September 30, 2024, total assets minus current liabilities amounted to HKD 106,523,000, a decrease from HKD 116,211,000 as of March 31, 2024, representing a decline of approximately 8.9%[186]. - Current assets totaled HKD 133,815,000, down from HKD 137,540,000, indicating a decrease of about 2.0%[186]. - The company's total liabilities decreased to HKD 111,757,000 from HKD 106,884,000, indicating an increase of about 4.0%[186]. - The total amount of trade payables rose to HKD 23,639,000 as of September 30, 2024, up from HKD 13,814,000 as of March 31, 2024, reflecting an increase of 70.9%[72]. Share Capital and Equity - The total issued and paid-up share capital increased to HKD 36,031,000 as of September 30, 2024, from HKD 26,031,000 as of March 31, 2024, reflecting new share issuances[87]. - The company issued 10,656,000 shares under its share option plan, raising a total cash consideration of HKD 5,221,440 during the six months ended September 30, 2024[88]. - The company's issued share capital was approximately HKD 37.1 million, an increase from HKD 36.0 million as of March 31, 2024, with a total of 370,968,640 shares issued[146]. - The company completed a placement of 60,000,000 shares at a price of HKD 0.401 per share, representing approximately 16.65% of the enlarged issued share capital post-placement[149]. Operational Segments - Revenue from the smartphone distribution segment was HKD 59,691 thousand, while the building intelligence and control systems contributed HKD 861 thousand, indicating a strong performance in the smartphone sector[29]. - The smartphone distribution segment generated revenue of HKD 59.7 million, accounting for 78.4% of total revenue[132]. - The control systems segment revenue increased to HKD 15.6 million, representing 20.5% of total revenue, compared to HKD 12.7 million in the previous period[132]. - The smart home business experienced a significant decline in external revenue from HKD 4.3 million to HKD 0.9 million, resulting in a segment loss of HKD 7.5 million[124]. - The data center business reported a revenue decrease to approximately HKD 12,000, with a segment loss of about HKD 18,000 during the reporting period[126]. Governance and Compliance - The company has adopted the Corporate Governance Code and believes it has complied with all applicable code provisions[6]. - The company did not purchase, sell, or redeem any of its listed securities during the six months ended September 30, 2024[2]. - The company maintained sufficient public float as per listing rules as of September 30, 2024[9]. - The company has not violated any covenants related to its bank borrowings as of September 30, 2024, ensuring compliance with financial agreements[81]. Management and Personnel - There were changes in the board of directors, with Mr. Zheng resigning and Mr. Xu appointed as an independent non-executive director effective August 6, 2024[4]. - Employee costs, including director remuneration, decreased to HKD 9,536 thousand from HKD 10,595 thousand, indicating cost management efforts[45]. - Short-term employee benefits for key management personnel amounted to HKD 2,009,000, a decrease of 15.9% from HKD 2,391,000 in 2023[112]. - The company reported a total of HKD 2,030,000 in compensation for key management personnel, down from HKD 2,419,000 in the previous year[112]. Future Outlook - The company plans to continue exploring new business and investment opportunities to diversify and expand its operations for long-term benefits[130]. - The board believes that the growth will depend on opportunities brought by 5G technology and related products[129]. - The company aims to improve profit margins in the smartphone distribution business by increasing procurement levels through the net proceeds from the new share subscription[119].
协同通信(01613) - 2025 - 中期业绩
2024-11-29 14:42
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 截至二零二四年九月三十日止六個月 中期業績公告 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司,統 稱「本集團」)董 事(「董 事」) 會(「董事會」)公 佈 本 集 團 截 至 二 零 二 四 年 九 月 三 十 日 止 六 個 月 的 未 經 審 核 簡 明 綜 合 中 期 業 績,連 同 二 零 二 三 年 同 期 的 未 經 審 核 比 較 數 字。此 等 中 期 財 務 業 績 未經審核,但已由本公司審核委員會審閱。 – 1 – 簡明綜合損益及其他全面收益表 截至二零二四年九月三十日止六個月 截至九月三十日止 六個月 二零二四年 二零二三年 附 註 千港元 ...
新铝时代(sz301613)行情走势
Zheng Quan Shi Bao Wang· 2024-10-24 20:06
每股收益每股净资产每股经营性现金流每股资本公积金每股未分配利润净资产收益率毛利率净利润现金 含量营业收入同比净利润同比扣非净利润同比经营性现金流同比资产负债率流动比率速动比率现金比率 按产品按行业按地区 ...
协同通信(01613) - 2024 - 年度财报
2024-07-30 08:35
目錄 | | | 3 財務摘要 5 行政總裁報告書 6 管理層討論及分析 21 董 事 24 董事會報告 36 企業管治報告 52 環境、社會及管治報告 78 獨立核數師報告 83 綜合損益及其他全面收益表 85 綜合財務狀況表 87 綜合權益變動表 88 綜合現金流量表 90 綜合財務報表附註 174 五年概覽 公司資料 董事會 執行董事 韓衛寧*先 生 (行政總裁) 游弋洋先生 (於二零二四年三月二十七日獲委任) 莊天任先生 (於二零二三年五月十九日獲委任及 於二零二三年十月三十一日辭任) 王潔女士 (於二零二三年八月三十日退任) 非執行董事 莫怡娜女士 (於二零二四年五月二十九日獲委任) 黃海樂先生 (於二零二三年七月二十四日獲委任及 於二零二三年十一月二十九日辭任) 獨立非執行董事 林英鴻先生 李明綺女士 鄭達浠先生 (於二零二三年五月十九日獲委任) 徐煒先生 (於二零二三年十二月一日獲委任) 王忱先生 (於二零二三年八月三十日退任) 委員會 審核委員會 林英鴻先生 (主席) 李明綺女士 鄭達浠先生 (於二零二三年五月十九日獲委任) 王忱先生 (於二零二三年八月三十日退任) 提名委員會 鄭達浠先生 ( ...
协同通信(01613) - 2024 - 年度业绩
2024-07-01 22:18
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 有關截至二零二四年三月三十一日止年度的年度業績 之補充公告 茲 提 述 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)於 二 零二四年六月二十八日所刊發截至二零二四年三月三十一日止年度全年業績公 告(「年度業績公告」)。除 文 義 另 有 所 指 外,本 公 告 所 用 詞 彙 與 年 度 業 績 公 告 所 界 定者具相同涵義。 除上文所披露者外,年度業績公告之其他資料將保持不變。 承董事會命 協同通信集團有限公司 執行董事兼行政總裁 韓衛寧* 香港,二零二四年七月一日 於本公告日期,執行董事為韓衛寧*先生及游弋洋先生;非執行董事為莫怡娜女士; ...
协同通信(01613) - 2024 - 年度业绩
2024-07-01 10:09
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 截至二零二四年三月三十一日止年度全年業績公告 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司 統 稱「本集團」)董 事(「董 事」) 會(「董事會」)公 佈 本 集 團 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 的 綜 合 業 績,連 同截至二零二三年同期的比較數字如下: – 1 – 綜合損益及其他全面收益表 截至二零二四年三月三十一日止年度 | | | 二零二四年 二零二三年 | | --- | --- | --- | | 附 | | 註 千港元 千港元 | | | 收 益 | 4 62,581 60,538 | | | 銷售成本 | (37, ...
协同通信(01613) - 2024 - 中期财报
2023-12-20 08:45
Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 17,126,000, a decrease of 11.3% from HKD 19,312,000 in the same period of 2022[5] - Gross profit increased to HKD 6,443,000, up 104.3% from HKD 3,147,000 year-on-year[5] - Operating loss for the period was HKD 8,018,000, compared to a loss of HKD 6,598,000 in the previous year, reflecting a deterioration of 21.5%[5] - Net loss attributable to owners of the company was HKD 8,801,000, compared to HKD 8,076,000 in the same period last year, indicating a 9.0% increase in losses[6] - The company reported a basic and diluted loss per share of HKD 3.04, slightly improved from HKD 3.22 in the previous year[6] - The company reported a net loss of approximately 9,815 thousand HKD for the six months ended September 30, 2023[20] - For the six months ended September 30, 2023, the total revenue from external customers was HKD 17,126,000, a decrease from HKD 19,312,000 for the same period in 2022, representing a decline of approximately 11.3%[33] - The company reported a pre-tax loss of HKD 1,722,000 for the six months ended September 30, 2023, compared to HKD 1,981,000 in the same period of 2022[45] - The company reported a net exchange gain of HKD 29,000 for the period, down from HKD 72,000 in the previous year[41] - The total comprehensive loss for the six months ended September 30, 2023, was HKD 1,313,000, a significant reduction from HKD 4,077,000 in the prior year, reflecting an improvement of approximately 67.7%[61] Assets and Liabilities - Total assets less current liabilities increased to HKD 101,061,000 from HKD 70,010,000, representing a growth of 44.4%[9] - Cash and cash equivalents rose significantly to HKD 12,821,000 from HKD 2,345,000, marking a substantial increase of 447.5%[8] - Non-current liabilities decreased to HKD 215,000 from HKD 1,641,000, showing a reduction of 87.9%[9] - The company’s equity attributable to owners increased to HKD 98,878,000 from HKD 69,126,000, reflecting a growth of 42.9%[9] - The total assets of the company stood at 843,126 thousand HKD, indicating a stable financial position[10] - Total liabilities as of September 30, 2023, were HKD 120,645,000, down from HKD 157,654,000 as of March 31, 2023[37] - The company reduced its bank borrowings to approximately HKD 56.5 million as of September 30, 2023, compared to HKD 62.8 million on March 31, 2023[133] Cash Flow and Financing - For the six months ended September 30, 2023, the net cash used in operating activities was approximately (22,833) thousand HKD, compared to (6,148) thousand HKD for the same period in 2022[12] - The net cash generated from financing activities was 35,402 thousand HKD, a significant increase from (8,655) thousand HKD in the previous year[12] - The net increase in cash and cash equivalents for the six months ended September 30, 2023, was 11,069 thousand HKD, compared to 2,289 thousand HKD in 2022[13] - The company plans to implement cost control measures and expedite the collection of receivables to achieve positive cash flow from operations[21] - The board has considered various financing options, including shareholder loans and bank borrowings, to improve liquidity[21] - The company has taken steps to negotiate debt compromise plans with creditors to alleviate liquidity issues[21] - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share, with a budget of 100,846 thousand HKD allocated for this purpose[10] Business Strategy and Market Expansion - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[5] - The company plans to expand its market presence by entering two new regions by the end of 2024, targeting a revenue increase of 20% from these markets[10] - The company is actively seeking business and investment opportunities to enhance long-term growth potential[21] - The company is exploring new business and investment opportunities to expand or diversify its operations for long-term benefits[109] Segment Performance - Revenue from the "Building Intelligence" segment was HKD 6,057,000, while the "Control Systems" segment generated HKD 13,560,000, and the "Data Center" segment contributed HKD 123,000[33] - Revenue from the Building Intelligence segment was HKD 4,347,000, up 9.3% from HKD 3,975,000 year-on-year[38] - Revenue from the Control Systems segment was HKD 12,656,000, down 13.7% from HKD 14,666,000 in the previous year[38] - The control systems segment recorded an increase in operating profit to HKD 2.9 million, compared to HKD 1.3 million in the same period last year[96] - The "MOX" brand's revenue increased to HKD 4.3 million during the period, up from HKD 4.0 million in the previous period, resulting in a reduction of segment loss from HKD 3.4 million to HKD 1.9 million[99] Employee and Management - Employee costs increased to HKD 10,595,000 from HKD 9,484,000 year-on-year, reflecting a rise in salaries and benefits[45] - The total remuneration for directors and key management personnel for the six months ended September 30, 2023, was HKD 2,419,000, an increase from HKD 1,690,000 in the previous year[88] - The company conducts annual reviews of employee compensation policies, including performance-linked bonuses[144] - The company invests in continuous education and training programs for employees to enhance their skills and knowledge[145] Corporate Governance - The company has adopted the Corporate Governance Code and believes it has complied with all applicable provisions, except for specific clauses due to the chairman position being vacant since January 3, 2020[159][160] - The company is actively seeking a suitable candidate to fill the vacant chairman position[160] - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards[165] - There were changes in the board of directors, with two directors not re-elected and one resigning to focus on personal business[157][158] Share Capital and Securities - The company has a total issued share capital of 300,313,000 shares as of September 30, 2023, with a par value of HKD 0.1 per share[82] - The company issued 40,000,000 new shares at a subscription price of HKD 0.375 per share, raising a net amount of HKD 14.7 million for general working capital and further investments[16] - The company completed a placement of 40,000,000 shares at a price of HKD 0.375 per share, representing a discount of approximately 14.77% from the market price of HKD 0.44 on the agreement date[128] - The stock ownership of Excel Time, a company controlled by the co-CEO, amounts to 54,227,451 shares, representing 18.06% of the total issued shares[149]
协同通信(01613) - 2024 - 中期业绩
2023-11-30 10:15
香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責,對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明,並 明 確 表 示 概 不 就 因 本 公 告 全 部 或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 協同通信集團有限公司 Synertone Communication Corporation (於開曼群島註冊成立之有限公司) (股份代號:1613) 截至二零二三年九月三十日止六個月 中期業績公告 協 同 通 信 集 團 有 限 公 司(「本公司」,連 同 其 附 屬 公 司,統 稱「本集團」)董 事(「董 事」) 會(「董事會」)公 佈 本 集 團 截 至 二 零 二 三 年 九 月 三 十 日 止 六 個 月 的 未 經 審 核 簡 明 綜 合 中 期 業 績,連 同 二 零 二 二 年 同 期 的 未 經 審 核 比 較 數 字。此 等 中 期 財 務 業 績 未經審核,但已由本公司審核委員會審閱。 簡明綜合損益及其他全面收益表 截至二零二三年九月三十日止六個月 | | | 截至九月三十日止 | | |------------------- ...
协同通信(01613) - 2023 - 年度财报
2023-07-28 08:48
Financial Performance - The company's revenue decreased from approximately HKD 114.2 million in the fiscal year ending March 31, 2022, to approximately HKD 60.5 million in the fiscal year ending March 31, 2023, representing a decline of 47.0%[7] - Gross profit fell from approximately HKD 22.9 million in the fiscal year ending March 31, 2022, to approximately HKD 8.9 million in the fiscal year ending March 31, 2023, with a gross margin decrease from 20.1% to 14.8%[7] - The net loss attributable to shareholders decreased from approximately HKD 109.7 million in the fiscal year ending March 31, 2022, to approximately HKD 41.0 million in the fiscal year ending March 31, 2023, a reduction of 62.6%[7] - The company recorded revenue of approximately HKD 60.5 million for the year, a decrease of about HKD 53.7 million or 47.0% compared to the previous year's revenue of approximately HKD 114.2 million[50] - The decrease in revenue was primarily due to the lockdowns in China during the fiscal year 2023, which halted production activities in the Control Systems and Building Intelligence businesses, particularly in the East China region[50] - The company's cost of sales decreased to approximately HKD 51.6 million, a reduction of about HKD 39.6 million or 43.4% from approximately HKD 91.2 million in the previous fiscal year[52] - Gross profit for the fiscal year 2023 was approximately HKD 8.9 million, down about HKD 14.0 million or 61.1% from approximately HKD 22.9 million in the previous fiscal year, with a gross margin of 14.8% compared to 20.1% in fiscal year 2022[53] Cash Flow and Financial Position - Operating cash flow for the fiscal year ending March 31, 2023, was a net cash outflow of HKD 2.716 million, an improvement compared to HKD 7.702 million in the previous year[6] - The company's current ratio decreased to 0.7 in the fiscal year ending March 31, 2023, down from 0.8 in the previous year[6] - Capital expenditures for the fiscal year ending March 31, 2023, were HKD 223 thousand, a significant decrease from HKD 10.702 million in the previous year[6] - The debt-to-equity ratio as of March 31, 2023, was 96%, significantly up from 70% in 2022[75] - The company had outstanding bank borrowings of approximately HKD 62.8 million as of March 31, 2023, down from HKD 72.3 million in 2022[76] Business Segments and Operations - The company's control systems and building intelligence business recorded revenues of HKD 34.0 million and HKD 25.8 million, respectively, for the fiscal year ending March 31, 2023[10] - The control systems division reported external revenue of HKD 34.0 million for the fiscal year 2023, down from HKD 47.3 million in the previous year, reflecting a significant impact from COVID-19 lockdowns[17] - The building intelligence division experienced a decline in external revenue from HKD 60.4 million to HKD 25.8 million due to production halts and rising component costs, resulting in an operating loss of HKD 13.7 million[20] - The data center business incurred a total revenue of HKD 0.8 million in fiscal year 2023, a decrease from HKD 6.5 million in the previous year, leading to a division loss of HKD 3.5 million[22] - Revenue breakdown by business segment for the year includes: Building Intelligence at HKD 25.8 million (42.6%), Control Systems at HKD 34.0 million (56.1%), and Data Centers at HKD 0.8 million (1.3%) [50] Future Outlook and Strategic Initiatives - The company expects performance to improve in the next fiscal year due to the easing of COVID-19 restrictions in China[10] - The company is actively seeking new investment opportunities in the virtual asset trading platform sector to capitalize on emerging market trends[11] - The company aims to improve its financial performance and operational efficiency through the development of new technologies and services in the data center sector[21] - The company is considering restructuring plans for its building intelligence business to improve returns, including asset sales and business reorganization[27] - The company is expanding into virtual asset-related activities through a joint venture, Jade Power, which will operate VATP in Hong Kong[172] Share Capital and Fundraising - The company completed the first placement on January 25, 2022, issuing 58,000,000 shares at a price of HKD 0.25 per share, representing approximately 4.63% of the enlarged issued share capital post-placement[71] - The net proceeds from the first placement amounted to approximately HKD 14.2 million, with a net price per share of about HKD 0.245, intended for general working capital and future investments[71] - The company completed the second placement on October 3, 2022, issuing 49,200,000 shares at a price of HKD 0.25 per share, representing approximately 3.78% of the enlarged issued share capital post-placement[74] - The net proceeds from the second placement were approximately HKD 12.1 million, with a net price per share of about HKD 0.246, also intended for general working capital and future investments[74] - The company completed a new share placement on May 19, 2023, issuing 40,000,000 shares at a price of HKD 0.375 per share, which represents approximately 13.32% of the enlarged issued share capital[171] Governance and Management - The company appointed a new executive director and co-CEO, as well as an independent non-executive director, on May 19, 2023[89] - The company has established an audit committee consisting of three independent non-executive directors to review financial statements[178] - The board consists of two executive directors and three independent non-executive directors as of March 31, 2023, with changes noted by the report date[187] - The company has adopted a board diversity policy, currently comprising eight directors, including two females, with no numerical targets set for gender diversity[188] - The company has established mechanisms to ensure independent viewpoints are obtained and reviewed annually[197] Employee and Operational Management - The group has established stable relationships with major suppliers, ensuring that only materials passing quality tests are procured[123] - The company has implemented a new share option plan to incentivize employees, with no unexercised options remaining as of March 31, 2023[84] - Continuous training programs are provided to enhance the skills and knowledge of employees[148] - The employee compensation policy is reviewed annually, considering individual performance, experience, and industry standards[148] Risk Management - The company faces various risks that could significantly impact its business, financial condition, and growth prospects, including market risks related to China[115] - Financial risks include exposure to exchange rates, interest rates, and liquidity[119] - The company has implemented internal control procedures to ensure compliance with local regulations and listing rules[120] - The company has established preventive and emergency measures to mitigate potential operational losses[118] Legal and Compliance - As of March 31, 2023, the company reported no significant legal violations affecting its business operations[128] - The company has complied with all relevant laws and regulations related to health, safety, and environmental standards[126] - The company has not entered into any non-exempt connected transactions or continuing connected transactions under the Listing Rules as of March 31, 2023[165] Dividend Policy - No dividends were recommended for the year ended March 31, 2023[97] - The company is committed to a sustainable dividend policy that balances shareholder expectations with prudent capital management[200] - Dividend declarations will consider multiple factors including overall operational performance, financial condition, and future expansion plans[200]