Financial Performance - Natural Beauty Bio-Technology Limited reported a significant increase in revenue, achieving a total of HKD 200 million, representing a growth of 15% year-over-year[28]. - The Group's revenue in 2020 decreased by 6.3% to HK$410.7 million compared to HK$438.4 million in 2019, primarily due to a HK$28.5 million decrease in product sales, which accounted for 96.1% of total revenue[44]. - Revenue in the PRC market decreased by 32.0% from HK$303.8 million in 2019 to HK$206.5 million in 2020, while revenue in the Taiwan market increased by 48.0% to HK$194.6 million compared to HK$131.6 million in 2019[45]. - Profit before tax decreased by 75.7% from HK$37,000,000 in 2019 to HK$9,000,000 in 2020, with the pre-tax profit margin dropping to 2.2%[75]. - Profit for the year decreased by 64.6% from HK$21.9 million in 2019 to HK$7.8 million in 2020[83]. Customer and Market Expansion - The company expanded its user base, reaching 150,000 active customers, which is a 20% increase compared to the previous year[28]. - The company plans to enter two new markets in Southeast Asia by the end of the next fiscal year, aiming to capture an additional 5% market share[28]. - Sales revenue from TV shopping, e-commerce, and telemarketing channels in Taiwan contributed HK$113,400,000, accounting for 60.5% of product sales in the region[68]. Product Development and Innovation - Investment in research and development increased by 25%, focusing on innovative beauty products and technologies[28]. - The flagship NB-1 series products accounted for 25% of total product sales, generating HK$99.3 million in revenue[104]. - The Group successfully launched probiotic solid drinks, contributing HK$6.2 million to the healthy food category[104]. - The Group has collaborated with leading researchers in human genome and stem cell technology for the development of the anti-aging NB-1 product family[99]. Financial Management and Profitability - The gross profit margin improved to 60%, up from 55% in the previous year, reflecting better cost management and pricing strategies[28]. - Gross profit margin decreased from 60.6% in 2019 to 58.6% in 2020, attributed to a change in the revenue mix and an increase in lower-margin products[46]. - The gross margin on product sales in the PRC decreased from 67.6% in 2019 to 63.7% in 2020 due to changes in the product mix[54]. - The gross profit margin on product sales in Taiwan increased from 65.9% in 2019 to 68.4% in 2020, driven by higher marginal gross profit from existing sales platforms[55]. Strategic Initiatives and Future Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[28]. - Overall, the management remains optimistic about sustaining growth and enhancing shareholder value through strategic initiatives[28]. - The Group aims to enhance competitiveness and explore new business opportunities for innovation, targeting steady and continuous growth[106]. Corporate Governance and Board Structure - The Board consists of eight members, including two executive directors, three non-executive directors, and three independent non-executive directors, with a total of seven meetings held in 2020[115]. - The Company has adopted a Board Diversity Policy aimed at achieving diversity on the Board, ensuring an appropriate proportion of Directors with direct experience in key markets and different ethnic backgrounds[128]. - The Nomination Committee consists of three Independent Non-executive Directors and two Executive Directors, with Mr. YANG Shih-Chien serving as Chairman[127]. Risk Management and Internal Controls - The Company has developed and adopted various risk management procedures and guidelines to manage key business processes, including financial reporting and human resources[162]. - The Internal Audit Department was established to enhance risk management and internal control systems, performing independent reviews and providing recommendations for improvement[166]. - The Company has adopted a whistle-blowing policy to facilitate employees in raising concerns about possible improprieties in financial reporting[167]. Shareholder Communication and Relations - The Company emphasizes the importance of effective communication with shareholders for good investor relations[195]. - The Company has a dedicated "Shareholder Services" section on its website to provide comprehensive information to shareholders[191]. - The notice for the AGM held on January 15, 2021, was sent to shareholders at least 20 clear business days before the meeting[188].
自然美(00157) - 2020 - 年度财报