Financial Performance - Total revenue for the fiscal year 2021/22 was HKD 790.1 million, a significant increase from HKD 523.0 million in the previous fiscal year, representing a growth of 50.9%[7] - Gross profit for the fiscal year was HKD 122.7 million, with a gross margin of 15.5%, down from 17.4% in the previous year[7] - Adjusted net profit for the year was HKD 26.2 million, with an adjusted net profit margin of 3.3%, compared to 5.5% in the previous year[7] - The total merchandise transaction value reached HKD 795.8 million, up from HKD 506.1 million in the previous year, indicating a growth of 57.2%[9] - The company's revenue growth rate was approximately 51.1%, significantly outperforming the overall Hong Kong retail market, which only grew by about 4.0% during the same period[13] - The company reported a growth of approximately 57.2% in total merchandise transaction value and approximately 51.1% in total revenue during the fiscal year 2021/22, significantly outperforming the overall Hong Kong retail market, which only grew by about 4.0%[26][27] Customer Engagement and Market Expansion - The number of registered members increased to 775,000, a rise of 43.7% from 539,000 in the previous year[9] - The number of completed orders for the year was 473,000, compared to 346,000 in the previous year, reflecting a growth of 36.7%[9] - The average transaction value (ATV) per order was HKD 1,681, an increase from HKD 1,463 in the previous year[9] - Monthly sales reached a new high of approximately HKD 100.6 million in April 2022, driven by the new consumption voucher scheme and improved market position[77] - The company plans to continue expanding its market presence and enhancing its product offerings following its successful listing on June 10, 2022[12] - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share over the next two years[168] Operational Efficiency and Investments - The company plans to continue investing in technology research and development, focusing on enhancing user experience in the electronic products and home appliances segments[18] - The company has successfully attracted strategic investors, including a subsidiary of a major international home retail company, to enhance its market presence and operational capabilities[19] - The company has allocated HKD 50 million for research and development of new technologies aimed at enhancing customer experience[170] - The company aims to achieve a 20% reduction in operational costs through efficiency improvements by the end of the next fiscal year[170] - The company has implemented a new financial strategy to optimize capital allocation and improve operational efficiency[1] Environmental and Social Responsibility - The company aims to use environmentally friendly packaging materials, having consumed 1.72 tons of packaging materials, including boxes and wrapping paper, in the fiscal year 2021/22[119] - The company has implemented energy-saving measures, including the use of energy-efficient appliances in offices and retail stores[111] - The company promotes a culture of reuse and recycling by offering refurbished products for sale, such as smartphones and computers[114] - The company actively participates in community investment, supporting NGOs and initiatives focused on education, culture, and health[156] - The company has received the "Caring Company" logo from the Hong Kong Council of Social Service for its community contributions[157] Governance and Compliance - The board of directors has committed to maintaining high standards of corporate governance to protect shareholder interests[1] - The company has established a robust compliance framework to ensure adherence to regulatory requirements[1] - The company has a zero-tolerance policy towards bribery and corruption, with effective measures in place to prevent such activities[153] - The company has established risk management and internal control procedures for data privacy, ensuring limited access to sensitive customer data by authorized employees only[152] - The board consists of experienced individuals who contribute valuable business experience and knowledge, ensuring effective operation[192] Employee Management - As of March 31, 2022, the company employed a total of 100 employees, with 59 males and 41 females[135] - The employee turnover rate was 25.37% in Hong Kong, with male turnover at 23.38% and female turnover at 28.07%[136] - The company has not reported any significant incidents related to worker safety in the past three years, maintaining a record of zero employee fatalities[139] - The company offers various employee benefits, including flexible working hours and shopping discounts, to maintain market competitiveness[130] - The company has a policy of equal opportunity and non-discrimination in hiring, compensation, and promotion decisions[134]