Financial Performance - For the fiscal year 2024, the company recorded a revenue of approximately HKD 205.66 million, an increase from HKD 187.66 million in the fiscal year 2023[9]. - The company reported a loss of approximately HKD 76.80 million for fiscal year 2024, compared to a loss of about HKD 68.69 million in fiscal year 2023[9]. - The interest income for the fiscal year 2024 was HKD 12,820,000, with mortgage loan rates ranging from 9% to 24% depending on various factors[25]. - As of March 31, 2024, the group's net asset value was approximately HKD 334,568,000, down from HKD 411,132,000 in the previous fiscal year[33]. - The group had bank overdrafts of approximately HKD 8,073,000 and bank loans of HKD 135,992,000, compared to no overdrafts and HKD 154,555,000 in bank loans as of March 31, 2023[33]. - The group's total liabilities to equity ratio increased to 0.74 from 0.63 year-on-year[33]. - The company recorded a loss of approximately HKD 783,000 from the sale of Ocean View Villa Limited, which was completed on June 30, 2023, for a consideration of HKD 30,000,000[28]. Market Activity - The average daily trading volume in the securities market for fiscal year 2024 was approximately HKD 99 billion, a decrease of 22% compared to fiscal year 2023[11]. - The number of active clients increased by 4% compared to fiscal year 2023, despite a decrease in IPO market activity[13]. - The geopolitical tensions and high interest rates have created a challenging economic environment, impacting investment sentiment in Hong Kong[6][7]. - The geopolitical tensions and high interest rates are expected to create challenges and uncertainties for the overall economic situation, prompting the company to adopt a cautious approach towards new investment opportunities[31]. Investment and Financing - As of March 31, 2024, the net balance of margin financing loans was approximately HKD 19.71 million, with low levels of bad debt due to effective credit policies[15]. - The company has expanded its margin financing services to selected online margin and cash clients, enhancing customer access to investment opportunities[15]. - The company participated in several placements, underwriting, and sub-underwriting activities in the equity capital market during fiscal year 2024[18]. - The company is in the process of selling its entire issued share capital of Chang Hsiung Group Limited for a consideration of HKD 40,000,000, with HKD 10,000,000 payable in cash upon signing a binding sale agreement[21]. Corporate Governance and Compliance - The group has implemented effective internal control procedures to ensure compliance with the Securities and Futures Ordinance, maintaining a high level of service quality[46]. - The group complies with the Money Lenders Ordinance and applicable guidelines in its operations for the fiscal year 2024[49]. - The company has implemented measures to ensure compliance with laws and regulations, including anti-corruption and anti-money laundering initiatives[79]. - The group has strengthened internal control mechanisms to ensure compliance with anti-corruption laws and regulations[158]. Environmental, Social, and Governance (ESG) Initiatives - The group emphasizes corporate social responsibility, focusing on sustainable development and balancing business expansion with stakeholder interests[70]. - The board emphasizes the importance of a robust environmental, social, and governance (ESG) strategy to enhance the group's investment value and deliver long-term returns to stakeholders[75]. - The management team is responsible for developing and reviewing ESG-related policies, goals, and action plans, ensuring effective implementation and reporting to the board[77]. - The company has established a governance framework to clarify responsibilities and ensure effective risk management related to ESG issues[76]. - The group has implemented strong health and safety measures for employees, including the provision of hand sanitizers and social distancing protocols[71]. Employee Management and Development - The group has a total of 15 licensed personnel engaged in regulated activities under the Securities and Futures Ordinance as of March 31, 2024[45]. - The company has implemented a long-term strategy for talent development and training, encouraging continuous learning among employees[138]. - The company offers competitive compensation packages, regularly reviewing salary levels to ensure they are aligned with market standards[134]. - The employee turnover rate for the fiscal year 2024 was 0% for males and 23% for females, with an overall turnover rate of 8% for full-time employees[132]. Environmental Impact and Resource Management - The total electricity consumption for the fiscal year 2024 was approximately 145.22 MWh, with a density of 2.34 MWh per employee, representing a 67.6% increase compared to the previous year[104]. - The company aims to implement a more comprehensive energy management system and promote energy-saving practices among employees to reduce unnecessary energy consumption[104]. - The company has established a comprehensive environmental policy focusing on waste management, energy savings, and reducing harmful emissions[91]. - The group has implemented comprehensive procedures for the proper handling and disposal of hazardous waste generated during operations, ensuring compliance with environmental management requirements[114]. Shareholder Information - The company reported a total of 467,759,471 shares held by its CEO, representing 65.79% of the issued shares as of March 31, 2024[189]. - The company’s available reserves for distribution as of March 31, 2024, amounted to HKD 58,039,000[184]. - A total of 141,863,002 warrants were issued to shareholders, with an initial subscription price of HKD 0.138, and the subscription period running from October 5, 2023, to October 4, 2024[197]. - The company has a stock option plan with a maximum issuance limit of 639,480,610 shares, equivalent to 10% of the issued share capital as of the adoption date[200].
STYLAND HOLD(00211) - 2024 - 年度财报