Financial Performance - For the fiscal year ending March 31, 2021, the group's revenue was approximately HKD 127,093,000, a decrease of about 7.4% compared to HKD 137,199,000 in 2020[7]. - The loss attributable to shareholders for the year was approximately HKD 135,055,000, a reduction of about 74.5% from HKD 529,070,000 in the previous year[7]. - The group's revenue for the year ended March 31, 2021, was approximately HKD 127,093,000, a decrease of 7.4% compared to HKD 137,199,000 in the previous year[29]. - The net loss for the year was approximately HKD 135,091,000, a significant reduction of 74.5% from HKD 529,111,000 in the previous year[29]. Investment Properties - The total value of the group's investment properties was approximately HKD 1,207,028,000 as of March 31, 2021, compared to HKD 1,155,100,000 in 2020[9]. - Rental income from investment properties was approximately HKD 31,918,000, accounting for 25.1% of total revenue, down from HKD 47,831,000 in 2020[10]. - The group's investment properties had a book value of approximately HKD 72,690,000 as of March 31, 2021, compared to approximately HKD 631,766,000 as of March 31, 2020[34]. - The group plans to continue reviewing its investment property portfolio and implement various measures to enhance rental income levels[11]. Agricultural Business - The agricultural business generated revenue of approximately HKD 58,659,000, accounting for 46.2% of total revenue, down from HKD 61,634,000 in the previous year[17]. - The average soybean price increased by 16.5% to USD 310 per ton, with an average yield of 2.2 tons per hectare from approximately 10,800 hectares planted[17]. - During the reporting period, the group's agricultural operations in Bolivia produced approximately 25,396,000 kilograms of crops, including 23,794,000 kilograms of soybeans and 1,602,000 kilograms of rice, from a total land area of 123,857,345 square meters[121]. - The agricultural business produced approximately 207,300 kilograms of beef during the reporting period, with an estimated 1,000 beef cattle and several dairy cows on a land area of 51,257,010 square meters[122]. Hotel Business - The group recorded hotel revenue of approximately HKD 36,516,000, representing 28.7% of total revenue, an increase from HKD 27,734,000 in 2020[15]. - The hotel business in Shanghai has a building area of 15,997 square meters, contributing to the group's overall operations[122]. - The hotel business has been operating as a quarantine hotel since March 2020, with the contract ceasing to be binding after June 2021 unless extended[123]. Financial Position - The total amount of securities investments as of March 31, 2021, was approximately HKD 720,279,000, representing 35.8% of the group's net assets of HKD 2,014,463,000[21]. - The group's cash and bank deposits as of March 31, 2021, were approximately HKD 33,413,000, an increase from HKD 16,188,000 in the previous year[32]. - The group's total borrowings as of March 31, 2021, were approximately HKD 945,149,000, an increase from HKD 818,232,000 in the previous year[32]. Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules to enhance transparency and accountability to shareholders[57]. - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced composition for independent judgment[67]. - The company has complied with the corporate governance code throughout the review period, with specific deviations disclosed[58]. - The independent non-executive director, Mr. Wu Zhibin, was appointed on May 7, 2021, to ensure compliance with listing rules regarding board composition[62]. Risk Management - The group has established a clear risk management framework to identify, assess, and manage significant risks, ensuring effective operations and compliance with applicable laws and regulations[106]. - The board has engaged external consultants to independently review the effectiveness of the group's risk management and internal control systems, covering all significant controls including financial, operational, and compliance monitoring[109]. Environmental Impact - The group recorded a total greenhouse gas emission of 7,786.94 tons of CO2 equivalent during the reporting period, with a density of 0.04 kg CO2 equivalent per square meter[134]. - The agricultural business accounted for 86.60% of total greenhouse gas emissions, primarily due to activities such as enteric fermentation and fuel combustion[138]. - The group is committed to sustainable development and will consider environmental impacts in future investment decisions[126]. Employee Information - The total number of employees as of March 31, 2021, is 130, with 55% in Bolivia's agricultural business, 32% in the hotel business, and 13% in property investment[190]. - The overall employee turnover rate during the reporting period is 23.8%, with turnover rates of 32.4% in Bolivia and 13.6% in China[194]. - There were no work-related fatalities during the reporting period[196]. - A total of 13 employee injury cases resulted in a cumulative loss of 130 workdays[197].
润中国际控股(00202) - 2021 - 年度财报