Financial Performance - Total revenue for 2021 reached HK$7,353 million, representing a 15.2% increase from 2020[6] - Profit for the year attributable to shareholders was HK$641 million, a 20.8% increase compared to 2020[6] - Earnings per share increased by 19.8% to HK$2.12 from HK$1.77 in 2020[6] - Dividends per share rose by 5.8% to HK$0.55, up from HK$0.52 in 2020[6] - Total equity increased by 9.2% to HK$10,569 million from HK$9,683 million in 2020[20] - Total assets grew to HK$18,613 million, up from HK$17,039 million in 2020, marking a 9.2% increase[20] - The Group's consolidated revenue increased by 15% to HK$7,353 million for the year ended 31 March 2021, compared to HK$6,381 million in 2020[33] - Total segment revenue, including associates and joint ventures, rose by 11% to HK$9,850 million from HK$8,907 million[33] - Profit for the year increased by 21% to HK$685 million, up from HK$567 million, primarily due to improved results in the Construction and Engineering segment[33] - The Group's profit attributable to shareholders rose to HK$641 million, compared to HK$533 million in the previous year, with earnings per share increasing to HK$2.12 from HK$1.77[33] Segment Performance - The construction and engineering segment generated revenue of HK$4,616 million, up from HK$4,105 million in 2020[21] - Healthcare investment segment revenue increased to HK$1,082 million from HK$964 million in 2020[21] - The car dealership segment saw revenue rise to HK$2,653 million, compared to HK$2,303 million in 2020[21] - The Group's performance in the construction and engineering business was significantly impacted by the pandemic, with projects in Macau being suspended due to casino lockdowns[28] - The electrical and mechanical engineering division experienced a decline in both revenue and profit due to COVID-19 measures in Macau, affecting major client sectors[36] - The aluminium windows and curtain walls division reported encouraging results, benefiting from major projects in Hong Kong and Australia, alongside stringent cost control measures[36] - The building supplies division improved its results by securing installation contracts for water tanks and kitchen cabinets, also implementing cost control measures[36] - The environmental engineering division reported a small profit mainly from joint venture projects, with plans to participate in upcoming government tenders[36] - The Property Development and Operations segment recorded a 32% revenue decrease from HK$699 million to HK$472 million and an 87% profit decline from HK$315 million to HK$40 million[40] Strategic Initiatives - The Group maintained profitability despite the significant disruption caused by the COVID-19 pandemic, with a focus on future business opportunities in infrastructure projects[28] - The HKSAR Government has committed to mega infrastructure projects, including the expansion of the Third Runway at Hong Kong International Airport, which presents opportunities for the Group[28] - The Group is positioned to capture opportunities in the Lift Modernisation Subsidy Scheme, supported by long-term partner Toshiba Elevator and Building Systems Corporation[28] - The Group is actively pursuing opportunities in environmental projects, including upgrading sewage and water treatment plants[28] - The Group is focusing on research and development in Design for Manufacturing and Assembly (DfMA) to enhance construction efficiency, integrating Modular Integrated Construction (MiC) and Hybrid-MiC technologies[33] - Building Information Modelling (BIM) is being utilized in various projects, including the Third Runway Project, to improve safety and productivity[33] Governance and Management - The management team collectively brings decades of experience across various sectors, which is crucial for strategic decision-making and market expansion[79][81][82][83] - The company is focused on maintaining strong governance and strategic planning through its experienced board members[79][81][82][83] - The diverse backgrounds of the management team support the company's growth strategies and operational effectiveness[79][81][82][83] - The Group is committed to maintaining high corporate governance standards, ensuring compliance with the CG Code[104] - The Board consists of five Executive Directors, two Non-Executive Directors, and four Independent Non-Executive Directors, meeting four times during the year[113] - The Company has reviewed its corporate governance standards to align with stakeholder expectations and regulatory requirements[108] Environmental and Social Responsibility - The Group's ESG Report covers operations from April 1, 2020, to March 31, 2021, highlighting its commitment to sustainability[151] - The Group recorded total greenhouse gas emissions of 16,861.17 tonnes of CO2e, with Scope 1 emissions accounting for over 60% and Scope 2 emissions for over 30% of the total[163][165]. - The Group has implemented various energy-saving measures to help reduce carbon emissions[170]. - The Group consumed 940,667.75 kWh of electricity, 6,769.36 m³ of water, and 43.95 tonnes of paper[175] - The Group encourages the installation of Electric Vehicle charging infrastructure in managed estates to support the use of electric vehicles[179] Employee Management - As of March 31, 2021, the Group had approximately 3,500 full-time employees globally[182] - The total number of employees is 2,015, with 1,395 males (69.2%) and 620 females (30.8%)[185] - The employee turnover rate is 38.4% for females and 36.8% for males[187] - The Group regularly reviews its compensation and benefits programs to ensure competitiveness in the market[191] - The Group has implemented stringent safety guidelines for employees working on construction sites to minimize occupational hazards[194] Risk Management - The Board is tasked with evaluating risks associated with achieving the Group's strategic objectives and ensuring effective risk management and internal control systems are in place[137] - The risk management framework includes policies to identify, assess, manage, and report various risks, including strategic, credit, operational, market, liquidity, legal, and regulatory risks[143] - The Audit Committee continuously monitors exposure to risks, ensuring that appropriate measures are taken to mitigate potential impacts on the Group's operations[143]
CHEVALIER INT'L(00025) - 2021 - 年度财报