Financial Performance - The group's revenue increased from approximately HKD 46.7 million for the year ended March 31, 2023, to approximately HKD 52 million for the year ended March 31, 2024, representing a growth of 11.3%[13]. - The company recorded a profit attributable to owners of approximately HKD 600,000 for the year ended March 31, 2024, compared to a loss of approximately HKD 3.3 million for the year ended March 31, 2023, primarily due to more effective direct cost control measures[13]. - The gross profit increased by approximately 43.7% from approximately HKD 16.6 million to approximately HKD 23.8 million, mainly due to an increase in gross profit margin and a reduction in subcontracting costs[50]. - Other income, gains, and losses decreased by approximately 92.9% from approximately HKD 2.7 million to approximately HKD 0.2 million, primarily due to the absence of government subsidies under the COVID-19 Employment Support Scheme[53]. - Administrative expenses increased by approximately 3.9% from approximately HKD 21.5 million to approximately HKD 22.3 million, mainly due to increased personnel costs and stock-based compensation expenses[54]. Revenue Segmentation - The revenue from green building certification consulting rose by 21.5% from approximately HKD 27.5 million to approximately HKD 33.4 million, attributed to an increase in the number of new contracts awarded[47]. - The revenue from sustainable development and environmental consulting decreased by 9.0% from approximately HKD 11.4 million to approximately HKD 10.4 million, primarily due to intense market competition[47]. - The revenue from acoustic, noise, and vibration control consulting increased by approximately 26.2% from approximately HKD 3.5 million to approximately HKD 4.4 million, mainly due to an increase in new contracts awarded[47]. - The company’s revenue contributions from its four business segments are approximately 64.2% from green building certification consulting, 19.9% from sustainable development and environmental consulting, 8.4% from acoustics, noise and vibration control, and 7.5% from ESG reporting and consulting services[35]. Operational Developments - The company has officially launched its Malaysia office, Allied Environmental Consultants Malaysia Sdn Bhd, which received the WELL Health-Safety Rating in March 2024, marking a significant milestone in its commitment to sustainable development[19]. - The company has expanded its operations in Vietnam to address environmental degradation and promote responsible business practices[19]. - The group is expanding its overseas market presence, establishing new business relationships in the Middle East (Dubai) and opening new offices in Southeast Asia[29]. - As of March 31, 2024, the group has 320 contracts with clients for green building certification, an increase from 270 contracts a year prior[36]. - The group has 122 ongoing projects in sustainable development and environmental consulting as of March 31, 2024, up from 107 projects a year earlier[38]. Environmental Commitment - The company aims to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, based on 2023 levels, and is committed to achieving net-zero emissions by 2044[17]. - The group is committed to achieving carbon neutrality by 2050, in line with the Hong Kong government's climate action blueprint[29]. - The company has developed the Sustainature ESG platform to streamline ESG data processing and reporting, helping businesses meet carbon neutrality goals[20]. - The company is actively promoting cross-sector collaboration to address climate change risks and accelerate global green and zero-carbon transitions through various initiatives[24]. - The company has become a formal participant in Core Climate, Hong Kong's first international carbon market, allowing it to trade and retire carbon credit products[20]. Awards and Recognition - The company has been recognized with multiple awards for its leadership in climate action and resilience, including the 2022 Hong Kong Environmental Excellence Award and the 2023 Ethical Finance Award[17]. - The company received multiple awards in 2023, including the Hong Kong Green Enterprise Award for nine consecutive years, highlighting its industry leadership and market recognition[26]. Strategic Initiatives - The company aims to enhance its green finance and ESG consulting services, accelerating the pace towards carbon neutrality[25]. - The company is actively seeking to expand its ESG services in the Asia-Pacific region, particularly in Malaysia, to meet broader audience needs and contribute to global net-zero goals[40]. - The company aims to enhance its market share in green building certification, green finance, and sustainable development, while also expanding overseas markets under the Belt and Road Initiative[45]. - The group is focused on capturing new market opportunities in ESG consulting, green building certification, and green finance[34]. Financial Management and Investments - The company has committed to invest a total of HKD 1,190,000 for approximately 5% equity in SMAC Computing Company Limited, with HKD 200,000 already paid as a deposit[76]. - The group has unpaid capital commitments amounting to approximately HKD 990,000 related to the investment in SMAC Computing Company Limited, down from HKD 1,190,000 in the previous year[76]. - The group has capital commitments of HKD 500,000 for Huaye Green Finance Public Relations Company Limited, unchanged from the previous year[75]. - The group has capital commitments of HKD 505,000 for Ocean Ecological Technology Limited, also unchanged from the previous year[75]. - The group has capital commitments of HKD 445,000 for Bamboo Forest Technology Limited, consistent with the previous year's figure[75]. Governance and Compliance - The company has adopted a dividend policy to enhance transparency and assist shareholders in making informed investment decisions[120]. - The group has maintained compliance with all corporate governance codes as per GEM Listing Rules Appendix C1 for the year ended March 31, 2024[174]. - The group has confirmed the independence of its non-executive directors as per GEM Listing Rules[168]. - The group has established appropriate insurance arrangements for legal liabilities of directors and senior management arising from business activities[172]. - The group has appointed Zhongzhu Global CPA Limited as its independent auditor for the year ended March 31, 2024[186]. Human Resources and Management - The board believes that expanding the internal team will enhance the group's ability to win future bids and maintain relationships with existing clients[85]. - The group is increasing its professional staff to enhance its bidding capabilities, which may lead to higher costs without guaranteed proportional revenue[82]. - The remuneration policy for directors and senior management is reviewed by a compensation committee based on the group's performance and market practices[165]. - The company has a strong focus on compliance and strategic development, with its executive director also serving as the compliance officer[189]. Shareholder Information - The maximum number of shares that can be granted under the share option plan is 120,000,000 shares, which is 10% of the total issued shares after the placement on the listing date[136]. - The share reward plan allows for a maximum of 1% of the issued share capital as of the adoption date to be granted to participants[140]. - As of March 31, 2024, a total of 14,846,667 restricted shares were granted under the share reward plan, with 9,023,334 shares remaining after accounting for expirations[143]. - The company has maintained a public float of at least 25% of its issued shares as required by GEM listing rules[162]. - The company has not granted or exercised any stock options under the stock option plan during the fiscal year ending March 31, 2024[134].
沛然环保(08320) - 2024 - 年度业绩