Environmental Performance - The total greenhouse gas emissions for the year 2024 were 17.03 metric tons of CO2 equivalent, a decrease from 44.10 metric tons in 2023, representing a reduction of approximately 61.3%[23] - The total energy consumption for the year 2024 was 118 TJ, down from 191 TJ in 2023, indicating a reduction of about 38.3%[23] - The total water consumption for the year 2024 was 273.00 cubic meters, significantly lower than 633.97 cubic meters in 2023, reflecting a decrease of approximately 56.9%[23] - The company reported a total of 61.30 metric tons of packaging materials consumed in 2024, down from 67.01 metric tons in 2023, which is a reduction of about 8.1%[23] - The company is committed to maintaining long-term environmental sustainability and has implemented various policies to achieve resource conservation and waste reduction goals[128] Business Expansion and Strategy - The company expanded its business to include the sale of beauty and health products through its self-operated online platform during the fiscal year[10] - In the fourth quarter, the company leveraged its brand reputation to expand into the beauty and health product sales sector, targeting the market with a core positioning of "lifestyle fashion" and "lifestyle taste"[78] - The company aims to enhance market competitiveness and profitability by diversifying and providing high-quality products in the fashion accessories and beauty sectors[78] - The group plans to increase investment in the Chinese market to capture the trend of consumer upgrades towards high-end fashion accessories[81] - The group aims to enhance brand image and improve market penetration through online and offline channel integration[93] Financial Performance - The group's revenue for the year ending March 31, 2024, was approximately HKD 71,180,000, an increase of about 11.8% compared to HKD 63,692,000 in 2023[82] - The gross profit for the year was approximately HKD 15,860,000, a decrease of about 2.0% from HKD 16,179,000 in 2023, with a gross margin of 22.3%[96] - The net profit margin for the year was 9.6%, compared to a net loss margin of (2.25%) in 2023[91] - The group's profit for the year was approximately HKD 6,825,000, a turnaround from a loss of HKD 1,435,000 in 2023[100] - The group's other income net amount was approximately HKD 19,541,000, a significant increase from a loss of HKD 1,081,000 in 2023, primarily due to a foreign exchange gain of about HKD 18,866,000 from the deconsolidation of a subsidiary[97] Employee Management and Development - The company has a total of 44 employees, with 37 based in China and 7 in Hong Kong[28] - The employee turnover rate was reported at 51% as of March 31, 2023, indicating a significant level of employee movement[30] - Employee training statistics show a 100% training participation rate for both male and female employees, with average training hours of 12.6 for males and 13.2 for females[56] - The company emphasizes the importance of employee development and offers various training opportunities to promote continuous growth[47] - The company provides competitive compensation and additional employee benefits, including medical insurance and discounts on group products[128] Corporate Governance - The audit committee consists of three independent non-executive directors, with Mr. Yuan Weijian appointed as the chairman effective November 29, 2023[142] - The board of directors comprises three executive directors and three independent non-executive directors as of March 31, 2024[150] - The company has adhered to all provisions of the corporate governance code during the fiscal year ending March 31, 2024[150] - The company has established formal procedures for setting remuneration policies, linking them to corporate and individual performance[145] - The company has a shareholder communication policy that has been reviewed and deemed effective for the fiscal year ending March 31, 2024[191] Risk Management and Compliance - There were no significant incidents of non-compliance with occupational health and safety laws during the reporting period[32] - The company has not reported any significant incidents related to data breaches or non-compliance with privacy regulations during the reporting period[58] - The board is responsible for preparing financial statements that present a true and fair view of the company's financial position[167] - The audit committee's responsibilities include reviewing financial statements, risk management, and internal control systems[176] - The company has established an internal control department to manage compliance and monitoring, reporting directly to the board[196]
雅天妮集团(00789) - 2024 - 年度财报