Financial Performance - Revenue for the year ended March 31, 2020, was HK$569.6 million, representing a 6.0% increase from HK$537.3 million in 2019[13] - Gross profit increased to HK$83.7 million, up 5.2% from HK$79.6 million in the previous year[13] - Profit for the year slightly decreased to HK$20.7 million, a 0.5% decline from HK$20.8 million in 2019[13] - Total assets as of March 31, 2020, were HK$207.7 million, an 8.3% increase from HK$191.7 million in 2019[13] - Total equity rose to HK$134.9 million, reflecting an 8.6% increase from HK$124.2 million in the prior year[13] - Gross profit margin was 14.7%, a slight decrease from 14.8% in 2019[13] - Net profit margin decreased to 3.6% from 3.9% in the previous year[13] - Return on equity was 15.3%, down from 16.8% in 2019[13] - Interest coverage ratio improved to 71.9 times, compared to 55.0 times in the previous year[13] - Current ratio increased to 2.9 times, up from 2.8 times in 2019[13] Revenue Segmentation - Revenue from the environmental hygiene and related services segment grew by approximately 7.6% to approximately HK$536.5 million, contributing approximately 94.2% to the Group's total revenue[24] - Revenue from airline catering support services decreased to approximately HK$33.1 million, representing 5.8% of total revenue, a decline of approximately 14.2% from FY2019[39] - The gross profit of environmental hygiene and related services increased by approximately 6.5% from HK$75.5 million in FY2019 to HK$80.4 million in FY2020, with a slight decrease in gross profit margin from 15.1% to 15.0%[45] - The gross profit of airline catering support services decreased by approximately 19.2% from HK$4.0 million in FY2019 to HK$3.3 million in FY2020, primarily due to reduced demand from the COVID-19 outbreak[48] Operational Highlights - The Group achieved a tender success rate of approximately 19.7% and a contract renewal rate of approximately 51.2% in the environmental hygiene and related services segment for FY2020[24] - The total estimated value of contracts on hand as of 31 March 2020 was approximately HK$1.04 billion, with approximately HK$352.2 million being ongoing contracts[24] - The Group temporarily suspended its airline catering support services operation since March 2020 due to the significant reduction in passenger air traffic caused by COVID-19[16] - The demand for premium hygiene services is expected to remain positive as awareness of hygiene measures increases among property owners and the public[18] Corporate Governance - The Group successfully transferred its listing from GEM to the Main Board of The Stock Exchange of Hong Kong Limited in June 2020[19] - The Board consists of nine members, including four executive directors and five independent non-executive directors, with no changes in composition during the year ended March 31, 2020[98] - The Board has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee to oversee specific aspects of the company's affairs[97] - The company has complied with the Corporate Governance Code during the year ended March 31, 2020, except for a deviation regarding the separation of the roles of Chairperson and Chief Executive Officer[107] - The Audit Committee was established on February 21, 2017, comprising four independent non-executive Directors[123] Risk Management and Internal Control - The Board is responsible for the risk management and internal control systems, ensuring an annual review of their effectiveness, covering all material controls including financial, operational, and compliance controls[168] - The Audit Committee has been delegated the responsibilities of risk management and internal control, with management confirming the effectiveness of these systems for the year ended March 31, 2020[169] - The Group's risk management and internal control systems were reviewed and deemed effective and adequate for the year ended March 31, 2020, with no significant areas of concern identified[182] - The internal control system aims to achieve operational effectiveness, reliable financial reporting, and compliance with applicable laws and regulations[180] Shareholder Communication - The Company provides opportunities for communication between shareholders and the Board through annual and extraordinary general meetings[162] - Shareholders can propose new resolutions at extraordinary general meetings, but not at annual general meetings, as per the Company's articles of association[166] - The Company has established procedures for shareholders to send inquiries and concerns to the Board through the company secretary[166] Financial Resources and Utilization - The Group's planned application and actual utilisation of the net proceeds showed that approximately HK$34.5 million was used out of the total HK$40.1 million[80] - The Group's financial resources were strengthened to finance cash flow under tender contracts, accounting for 45% of the total net proceeds[80] - The Group's cash and bank balance increased to approximately HK$40.5 million as of March 31, 2020, compared to approximately HK$33.8 million in FY2019[53]