Financial Performance - The company recorded revenue of RMB 88 million for the fiscal year, an increase of approximately 5% compared to RMB 84 million in the previous fiscal year[13]. - Gross profit for the fiscal year was RMB 26 million, with a gross margin of 30%, up from RMB 22 million in the previous year[13]. - Operating loss for the fiscal year was RMB 4 million, an improvement from RMB 16 million in the previous year[13]. - The company reported a loss attributable to shareholders of RMB 6 million, compared to RMB 17 million in the previous year[13]. - For the fiscal year 2022/2023, the company recorded revenue of RMB 87,858 thousand, an increase from RMB 83,629 thousand in the previous year, representing a growth of approximately 2.7%[115]. Brand and Market Position - The brand value of the company was recognized at RMB 87.3 billion, ranking 91st in the "China's 500 Most Valuable Brands" list[8]. - The company plans to continue developing new business models and seek profitable investment opportunities to strengthen its revenue base[10]. - The company is focusing on expanding its market presence in regions E and F, aiming for a market share increase of G% by the end of the next fiscal year[195]. Strategic Initiatives - The company emphasizes the importance of food security and aims to align its production with national policies on agricultural supply-side structural reform[7]. - The company is committed to green development and improving its innovation capabilities to enhance the quality and supply level of agricultural products[15]. - The company will adjust its development strategies in response to challenges while creating long-term sustainable value for shareholders[10]. - The new business model aims to address issues in agricultural production and improve the connection between supply and demand, enhancing the modern agricultural industry system[92]. Financial Health and Equity - As of June 30, 2023, the group held cash and bank balances of RMB 109 million, an increase from RMB 105 million in 2022[18]. - The total equity of the group as of June 30, 2023, was RMB 209 million, slightly down from RMB 213 million in 2022[18]. - The group maintained a debt-to-equity ratio of zero as there were no outstanding bank loans or long-term debts as of June 30, 2023[18]. - The current ratio remained stable at 4 times, consistent with the previous year[18]. Governance and Board Structure - The board consists of seven members, including one female director, reflecting a commitment to diversity[48]. - The chairman and CEO roles are currently held by the same individual, Mr. Guo, who has extensive agricultural knowledge and experience[42]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and professional experience in board appointments[37]. - The board is responsible for maintaining and improving shareholder interests, with a focus on effective governance and financial reporting[36]. Risk Management and Internal Controls - The board confirmed its responsibility for monitoring the group's risk management and internal control systems, with annual reviews conducted by the audit committee[61]. - The company has established a formal risk assessment system to identify potential risks affecting key business processes annually[62]. - The board expects to review the effectiveness of the risk management and internal control systems annually, with no significant risks identified for the fiscal year ending June 30, 2023[64]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has set goals to improve greenhouse gas emissions, waste management, energy management, and water management[83]. - An Environmental, Social, and Governance (ESG) working group has been established to assess and manage significant ESG-related issues[84]. - The report details the company's activities, challenges, and measures taken in ESG during the fiscal year ending June 30, 2023[86]. - The group has identified 20 significant environmental, social, and governance (ESG) issues through internal surveys and stakeholder assessments[96]. Employee and Labor Practices - The group employs 107 staff members as of June 30, 2023, a slight decrease from 109 in 2022[27]. - Employee turnover rate for the fiscal year is approximately 10%, down from 47 employees in 2022[144]. - The company emphasizes employee health and safety, adhering to various labor laws and regulations, and has implemented preventive measures against COVID-19[149]. - The company provides annual health check-ups for employees to promote physical well-being[150]. Community Engagement and Social Responsibility - The company donated approximately HKD 1,100,000 to the Yau Wah Cultural Charity Foundation during the reporting period[183]. - The company established the "Super Large Love Foundation" in February 2007 to enhance its management of charitable activities and to support underprivileged groups[185]. - The company encourages employees to participate in social welfare activities during work and personal time to foster a sense of social responsibility[186]. - The company aims to establish a good public image through its social contributions and community engagement[183]. Future Outlook and Growth Strategies - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of B% driven by new product launches and market expansion strategies[193]. - New product development efforts have resulted in the introduction of C innovative products, which are expected to contribute D% to overall revenue in the upcoming year[194]. - The company has implemented new technologies that improved operational efficiency by I%, leading to cost savings of J million annually[197].
超大现代(00682) - 2023 - 年度财报