Financial Performance - For the fiscal year ending June 30, 2023, the company reported a loss attributable to shareholders of approximately HKD 10.8 million, equating to a loss per share of HKD 0.56[17]. - The company's revenue for the same period was HKD 98.375 million, showing an increase from HKD 60.352 million in the previous year[9]. - The total comprehensive loss attributable to shareholders for the fiscal year was approximately HKD 39.3 million, compared to HKD 16.5 million in the prior year[17]. - The company reported a net asset value of HKD 1,114.888 million for the fiscal year ending June 30, 2023, down from HKD 1,145.710 million the previous year[10]. - The group's revenue for the year ended June 30, 2023, was approximately HKD 98.4 million, an increase of about 62.9% compared to approximately HKD 60.4 million for the year ended June 30, 2022[18]. - Interest income for the year ended June 30, 2023, was approximately HKD 50.5 million, compared to approximately HKD 28.0 million for the year ended June 30, 2022, representing an increase of approximately HKD 22.5 million[23]. - The total amount of receivables as of June 30, 2023, was approximately HKD 304.4 million, an increase of approximately HKD 121.5 million from approximately HKD 182.9 million as of June 30, 2022, due to a significant increase in the number of customers[23]. - The total amount of mortgage loans is approximately HKD 949 million, provided to 20 customers, accounting for about 31.2% of the total loan portfolio as of June 30, 2023[116]. - The total amount of personal loans is approximately HKD 2,095 million, provided to 933 customers, accounting for about 68.8% of the total loan portfolio as of June 30, 2023[116]. Business Operations - The company is focusing on the credit business, providing unsecured personal loans and property mortgage loans, leveraging fintech for operational efficiency[12]. - The hotel operations have shown improvement post-pandemic, with expectations for high average daily rates (ADR) and occupancy rates driven by increased visitor numbers[12]. - The property leasing business in Shanghai is developing steadily, contributing to stable cash flow and supporting the company's diversification strategy[13]. - The company has suspended its gaming and entertainment business for over a year and will assess its future in the next fiscal year[13]. - The hotel operations business achieved an average occupancy rate of 92.7% for the year ended June 30, 2023, with rental income of approximately HKD 11.3 million, up from approximately HKD 7.3 million for the year ended June 30, 2022[26]. - The property leasing business recorded a related profit before tax of approximately HKD 13.4 million for the year ended June 30, 2023, compared to approximately HKD 2.1 million for the year ended June 30, 2022[31]. - The gaming and entertainment business generated no commission revenue for the year ended June 30, 2023, compared to approximately HKD 1.4 million for the year ended June 30, 2022[32]. Corporate Governance - The company has been applying the corporate governance code as per the listing rules and has complied with all provisions during the year ending June 30, 2023[65]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, with changes in membership noted during the reporting period[72]. - The company has a strong commitment to enhancing internal controls and procedures in response to regulatory changes and best practices[66]. - The company has a diverse board composition with independent non-executive directors and experienced management team members[72]. - The company has been focusing on market expansion and enhancing its operational strategies through experienced leadership[59]. - The company has a strong financial management team with over 18 years of experience in accounting, finance, and auditing[59]. - The company has a dedicated team for technology and innovation, indicating a focus on new product development and market competitiveness[62]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balance of skills and independence[73]. - The company has a diversity policy for board members, with one-third of the board being female, promoting a balanced composition[83]. - The company adheres to corporate governance codes, clearly defining the roles of the chairman and CEO to maintain effective leadership[76]. Risk Management and Compliance - The board is responsible for ensuring the establishment and maintenance of appropriate and effective risk management procedures, including risk identification and assessment[108]. - The company has engaged an external professional service firm to conduct an annual review of its risk management and internal control systems[107]. - The audit committee reviewed the financial reporting procedures and risk management systems during the fiscal year[93]. - The company confirmed no significant uncertainties affecting its ability to continue as a going concern after appropriate inquiries by the directors[101]. - The company has established an internal audit function to ensure effective internal controls and compliance with applicable laws and regulations[107]. Environmental, Social, and Governance (ESG) Initiatives - The board oversees environmental, social, and governance (ESG) matters, with a dedicated ESG working group established for monitoring and reporting[152]. - The group follows the "ESG Reporting Guidelines" to report key ESG issues and performance indicators[147]. - The group has identified significant ESG topics through discussions with stakeholders and internal management discussions[151]. - The company aims to reduce air pollutant emissions by approximately 5% to 15% by 2025, primarily due to a significant decrease in gas consumption from reduced quarantine traveler numbers[161]. - Total air pollutant emissions for 2023 were 2.35 kg of nitrogen oxides (NOx), down from 3.11 kg in 2022, reflecting a reduction of approximately 24.4%[164]. - Greenhouse gas emissions increased to 1,271.38 tons of CO2 equivalent in 2023, compared to 822.41 tons in 2022, marking an increase of approximately 54.8%[166]. - The company plans to reduce greenhouse gas emissions by about 5% to 15% by 2025, in response to increased energy consumption as employees returned to the office[165]. - The company strictly adheres to all relevant environmental laws and regulations in Hong Kong and China, including the Air Pollution Control Ordinance and the Waste Disposal Ordinance[160]. - The company engages stakeholders annually to assess the significance of environmental, social, and governance (ESG) issues, ensuring informed decision-making[155]. - The company has established a roadmap for the next three to five years, focusing on achievable ESG targets aligned with its aspirations[157]. Employee and Stakeholder Engagement - The total number of employees as of June 30, 2023, was 75, with compensation policies reviewed by the remuneration committee[49]. - The company emphasizes the importance of gender diversity in its workforce and will continue to monitor and enhance diversity as needed[84]. - The company maintains a dedicated investor relations section on its website to enhance effective communication with investors[132]. - The company emphasizes the importance of maintaining timely communication with shareholders through various channels, including announcements and annual reports[130]. - The company provides shareholders with the opportunity to raise concerns or inquiries at any time through its website[122]. Future Outlook and Strategy - The board remains cautiously optimistic about the long-term sustainable growth of the group, despite challenges posed by the post-COVID-19 environment[19]. - The company continues to explore appropriate investment opportunities that align with its strategic goals[48]. - The company aims to achieve zero carbon emissions through comprehensive energy-saving policies and the introduction of renewable energy[188]. - The company is developing multiple future scenarios for 2025 based on the International Energy Agency's 2-degree scenario and other scenarios[186]. - The company seeks to engage with institutional investors and stakeholders to ensure appropriate disclosures and secure stable funding[188].
金粤控股(00070) - 2023 - 年度财报