Financial Performance - The group's revenue for the year ended March 31, 2022, was approximately HKD 179.6 million, an increase of about HKD 97.5 million or 118.8% compared to approximately HKD 82.1 million for the year ended March 31, 2021[14]. - The net loss for the year ended March 31, 2022, was approximately HKD 8.8 million, compared to a net loss of approximately HKD 27.0 million in the previous year[14]. - Other income for the year ended March 31, 2022, was approximately HKD 5.6 million, a decrease from HKD 12.1 million in the previous year due to reduced government subsidies[28]. - Employee costs for the year ended March 31, 2022, were approximately HKD 69.3 million, up from HKD 41.0 million in the previous year, primarily due to increased operational days as centers reopened[29]. - The group incurred other expenses of approximately HKD 45.3 million for the year ended March 31, 2022, compared to HKD 30.8 million in the previous year, driven by increased marketing and promotional activities[36]. - Capital expenditure for the year ended March 31, 2022, was approximately HKD 45.7 million, significantly higher than HKD 16.1 million in the previous year, reflecting investments in equipment and renovations[42]. - The group’s total equity as of March 31, 2022, was approximately HKD 3.1 million, down from HKD 11.9 million in the previous year[41]. - The group’s bank balance and cash as of March 31, 2022, was approximately HKD 1.6 million, a decrease from HKD 39.4 million in the previous year[41]. - The company reported a reserve available for distribution to shareholders of approximately zero HKD as of March 31, 2022, compared to 20.2 million HKD in the previous year[93]. Business Operations - The significant revenue increase was primarily due to the opening of a new flagship center in Mong Kok in May 2021 and improved consumer sentiment as the COVID-19 situation was better controlled[18]. - The group opened a new flagship center in Mong Kok in May 2021 and a new center in Tsim Sha Tsui in June 2022 to expand its operational scale and enhance market penetration[22]. - New treatment equipment and consumables will be acquired to expand the range of services offered[18]. - The company plans to continue monitoring market conditions and strengthen its sustainable development strategies to capitalize on current opportunities despite ongoing uncertainties from the COVID-19 pandemic[24]. - The company remains optimistic about the industry outlook and plans to continue strategic business expansion and effective marketing efforts to achieve sustained growth[18]. Shareholder and Dividend Information - The company did not recommend the distribution of a final dividend for the year ended March 31, 2022, consistent with the previous year[14]. - The board did not recommend the payment of a final dividend for the year ended March 31, 2022[87]. Risk Management - The company identified various risks that could impact its financial condition and operational performance, including government policy risks and economic conditions in Hong Kong[78][82]. - The company is closely monitoring the impact of the COVID-19 pandemic on its financial condition and operational performance[56]. - The impact of the COVID-19 pandemic on the business environment remains uncertain, but the local economy is beginning to recover[18]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has complied with all applicable provisions during the year[163]. - The board of directors consists of five members, including two executive directors and three independent non-executive directors, ensuring compliance with GEM listing rules[167]. - The company emphasizes the importance of board diversity, considering factors such as gender, age, cultural background, and professional qualifications[199]. - The company provides tailored training for newly appointed directors to ensure they understand their responsibilities and the company's operations[183]. - The company encourages continuous professional development for directors to keep their knowledge and skills updated[183]. Audit and Compliance - The audit committee has reviewed the audited consolidated financial statements for the year ended March 31, 2022, ensuring compliance with applicable accounting standards and GEM listing rules[156]. - The company appointed a new auditor, Changqing (Hong Kong) CPA Limited, on April 26, 2022, following the resignation of Kaiyuan Xinde CPA Limited[160]. - The Audit Committee held five meetings during the year to review the group's interim, quarterly, and annual performance, with all members in attendance[190]. Employee and Management Information - As of March 31, 2022, the company had a total of 159 employees, an increase from 117 employees in the previous year[43]. - The remuneration of directors and senior management is reviewed annually by the remuneration committee, considering the group's operating performance and market data[154]. - The Remuneration Committee conducted two meetings to approve the remuneration and performance bonuses for directors and senior management[193]. Shareholder Structure - The company has a total of 600,000,000 shares held by major shareholders, representing 75% ownership[106]. - The stock option plan allows for the issuance of up to 80,000,000 shares, which is 10% of the total issued shares as of the report date[119]. - The stock option plan aims to attract and retain qualified individuals to enhance the company's and shareholders' interests[117].
亮晴控股(08603) - 2022 - 年度财报