Financial Performance - The Group's consolidated revenue for the year was HK$54,941,000, representing an 11% year-on-year increase from HK$49,302,000[10]. - The loss attributable to shareholders was HK$111,404,000, including one-off exceptional items of HK$54,051,000 related to impairment loss on goodwill and loss on deconsolidation of a subsidiary[10]. - The financial summary indicates a rebound in revenue amidst a challenging business environment due to the COVID-19 pandemic[10]. - The loss for the year amounted to HK$112,640,000, a decrease from HK$118,559,000 in the previous year, primarily due to reduced costs in the multi-media technologies business[89]. - As of March 31, 2021, the total assets of the Group were HK$138,122,000, while net liabilities stood at HK$540,164,000, compared to HK$172,758,000 and HK$430,491,000 in the previous year respectively[89]. - The Group's annual railway patronage exceeded 100 million passengers in the Guangdong-Hong Kong-Macau Greater Bay Area, with expectations for significant increases in post-pandemic travel demand[74]. - The Group did not report any significant changes in its financial position compared to the previous year, maintaining stability[124]. Business Segments - The multi-media technologies business generated revenue of HK$50,792,000 for the year, up from HK$39,946,000 in the previous year[12]. - The Group's revenue from the gamma ray business for the year ended March 31, 2021, was HK$4,149,000, a decrease from HK$4,675,000 in 2020[30]. - The Group is engaged in multiple business segments, including multi-media technologies, gamma ray business, tourism, and securities trading[9]. - The Group's multimedia technologies business is expected to continue being a key revenue driver moving forward[29]. - The Group's multi-media and advertising platform business relies on licenses from third parties, and any adverse changes could materially affect its operations[55]. Strategic Initiatives - The Group plans to continue its long-term strategic initiatives in developing the multi-media technologies and gamma ray businesses despite ongoing economic uncertainties[11]. - The Group will explore potential strategic investments and cooperation opportunities to expand its business scope and create long-term value for shareholders[11]. - The Group is actively seeking to diversify the application of gamma ray technologies in the mining sector to enhance efficiency[31]. - The Group aims to expand its convergence media business through new online/offline duty-free importing e-commerce marketing platform services[76]. - The Group's strategy aligns with the 14th Five-Year Plan's focus on promoting consumption and domestic circulation, driving demand for branded duty-free products[75]. Challenges and Risks - Business activities are expected to gradually resume following the rollout of COVID-19 control measures, although challenges remain in the post-pandemic economy[11]. - The Group's business is sensitive to infectious diseases, particularly the COVID-19 pandemic, which has disrupted normal operations and decreased demand for its multi-media technologies[47]. - Changes in government policies due to COVID-19, including quarantine measures, have adversely impacted tourism and the Group's advertising platform business[48]. - Economic volatility in the region, particularly in mainland China, affects discretionary consumer spending, which could reduce demand for the Group's services[49]. - The ongoing trade war between China and the US poses uncertainties and risks to the Group's business operations[50]. Human Resources and Governance - The Group emphasizes continuous professional development for employees, including training on regulatory requirements and corporate governance practices[64]. - The Group recognizes employees as vital assets and encourages participation in external seminars to enhance industry knowledge[64]. - The emolument policy for employees is based on merit, qualifications, and competence, with remuneration packages reviewed periodically[102]. - The Group's employee benefits include medical insurance, hospitalization schemes, and share option schemes[102]. - The Board of Directors consists of six members, including three executive Directors and three independent non-executive Directors[189]. Investments and Acquisitions - The Group completed the acquisition of 80% of ShenZhen ZiJun Media Company Limited on July 13, 2020, enhancing its multimedia technologies business[21]. - The acquisition of ZiJun Media is expected to create synergies with the Group's multimedia technologies business[99]. - The Company entered into purchase agreements to acquire interests in Hong Kong Made and Ample Success for a total consideration of HK$50,000,000, satisfied by the issuance of 250,000,000 shares at HK$0.200 per share[155]. Compliance and Audit - The Auditor expressed a disclaimer of opinion on the consolidated financial statements for the year ended March 31, 2021, due to limitations on comparative figures and uncertainties regarding going concern[102]. - The Audit Committee has reviewed and agreed with the disclaimer of opinion in the Independent Auditors' Report[102]. - The Board's report includes audited consolidated financial statements, ensuring transparency and compliance with regulatory requirements[121]. - The Company has complied with all relevant corporate governance code provisions throughout the year under review[186]. Shareholder Information - For the year ended March 31, 2021, the Board does not recommend the payment of a final dividend, consistent with the previous year where no dividend was paid[125]. - The total number of issued shares as of March 31, 2021, was 3,721,561,225[167]. - The Company has not engaged in any arrangements enabling Directors to acquire benefits through the acquisition of shares or debentures during the year[158].
中国宝力科技(00164) - 2021 - 年度财报