Financial Performance - For the fiscal year 2023, the company reported a revenue of HKD 7,767.2 million, representing an increase of 11.5% compared to HKD 6,966.9 million in fiscal year 2022[14]. - The gross profit for fiscal year 2023 was HKD 1,051.6 million, up by 6.0% from HKD 992.5 million in the previous year[14]. - The profit attributable to shareholders for fiscal year 2023 was HKD 522.9 million, reflecting a growth of 4.0% from HKD 502.9 million in fiscal year 2022[14]. - The company reported a basic earnings per share of HKD 1.14 for fiscal year 2023, an increase of 3.6% from HKD 1.10 in fiscal year 2022[14]. - The company reported a net profit attributable to shareholders of HKD 522.9 million for the fiscal year 2023, maintaining a net cash position at the end of the year[35]. - The total dividend for the year was HKD 0.458 per share, corresponding to a payout ratio of 40.1%[35]. - The company achieved a consolidated revenue growth of over 100% compared to the fiscal year ending June 30, 2016, with a shareholder profit increase of over 200% and earnings per share growth exceeding 170%[34]. - The company reported a significant increase in overall financial management since the appointment of the current executive director in 2010, with a focus on risk management and corporate governance[53]. Contracts and Business Development - The company signed and renewed a total of 358 contracts in fiscal year 2023, amounting to HKD 45.85 billion, with remaining projects valued at HKD 61.96 billion as of June 30, 2023[13]. - The company secured multiple large contracts from the Food and Environmental Hygiene Department and the Leisure and Cultural Services Department, totaling over HKD 1.7 billion, significantly diversifying its revenue sources with over 50% coming from government and semi-government sectors[38]. - The company submitted 36 service contract bids with a total bid amount of HKD 966 million, securing 30 service contracts worth a total of HKD 294 million[122]. - The company submitted 476 cleaning service contract bids with a total bid amount of HKD 10.989 billion, securing 158 new service contracts worth HKD 3.312 billion[124]. - The company submitted 462 maintenance service contract bids totaling HKD 3.920 billion, winning 109 projects with a total contract net amount of HKD 613 million, including six large projects worth at least HKD 20 million each[125]. Employee and Workforce Development - Employee count as of June 30, 2023, was 24,496, a significant increase from 1,662 employees in 2016[11]. - The company has a workforce of 5,400 employees in property and facility management services[121]. - The integrated living services segment employs 17,700 staff and has over 8,900 service contracts[123]. - Employee costs for the year amounted to HKD 3.1667 billion, up from HKD 2.8705 billion in 2022, reflecting a significant increase in workforce[190]. - The company provided over 160,000 hours of training for employees in the fiscal year 2023, focusing on various job skills[173]. Sustainability and Environmental Initiatives - The company has set new environmental targets to reduce fuel consumption density by 0.5%, electricity consumption density by 1.5%, and paper procurement density by 8%[168]. - The company has established an ISO 14001 certified environmental management system to systematically monitor and manage environmental performance[166]. - The company is committed to sustainable development and has signed a low-carbon charter in the fiscal year 2022[166]. - The company emphasizes the importance of employee development and offers comprehensive training programs to ensure staff are equipped with the latest industry knowledge and innovative technologies[171]. - The company is committed to sustainability, focusing on green cleaning methods and environmentally friendly services to meet increasing customer demand[198]. Governance and Risk Management - The company has maintained a high level of corporate governance, complying with all relevant regulations and guidelines[71]. - The audit committee, consisting of four independent non-executive directors, reviewed the financial reporting system and internal controls, holding two meetings during the year[81]. - The company maintains a robust risk management framework to ensure compliance with legal regulations and operational goals[94]. - The company has established a formal risk management policy to regularly identify, assess, and manage risks faced by the group[100]. - The company has established mechanisms to ensure independent opinions are provided to the board, with one-third of appointed directors being independent non-executive directors[78]. Market Trends and Future Outlook - The company anticipates continued growth in the demand for maintenance contracts and large-scale renovations due to over 10,000 buildings aged 50 years or older in Hong Kong[39]. - The company is well-positioned to capture emerging business opportunities in the electromechanical engineering sector in Macau, leveraging over 20 years of industry experience[46]. - The company is expanding its market presence in mainland China, targeting a 25% increase in market share over the next two years[70]. - The company plans to continue seeking new business opportunities to expand operations and enhance shareholder value in the post-pandemic era[47]. - The company aims to enhance customer satisfaction through advanced technologies such as artificial intelligence and the Internet of Things[34].
丰盛生活服务(00331) - 2023 - 年度财报