Financial Performance - The company reported a significant increase in revenue, achieving a total of HKD 1.2 billion, representing a year-on-year growth of 15%[12] - The company's total revenue for the year ended March 31, 2021, was HKD 109,784,000, a decrease of approximately 20.3% from HKD 137,612,000 in 2020[26] - Shareholders' attributable loss for the year was HKD 147,581,000, compared to a loss of HKD 292,527,000 in the previous year, indicating an improvement of 49.6%[33] - Core profit, excluding fair value changes of investment properties, was HKD 84,752,000, significantly up from HKD 15,065,000 in 2020[33] - Total revenue for the group fell by about 20% to HKD 109,784,000, with core profit increasing by 463% to HKD 84,752,000 after excluding property revaluation losses[45] Operational Highlights - User data showed a 20% increase in active users, reaching 500,000 by the end of the fiscal year[12] - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on enhancing customer experience[12] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[12] - Investment in technology development increased by 30%, focusing on automation and efficiency improvements[12] - A new strategic partnership was announced, expected to drive a 15% increase in operational efficiency[12] Future Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[12] - The company maintains a cautious outlook on the overall operating environment and the development of the pandemic, preparing to respond swiftly to current and future challenges[43] Dividend and Shareholder Information - The proposed final dividend is HKD 0.05 per share, totaling HKD 20,250,000, compared to HKD 12,150,000 in 2020[32] - The dividend payout ratio increased to 272.38% from 152.26% in 2020, reflecting a significant rise in dividend distribution relative to earnings[26] - The company declared a total dividend of HKD 48,600,000, down from HKD 145,800,000 in the previous year[46] - The company is committed to providing shareholders with a long-term stable dividend income, subject to performance and business environment considerations[144] Corporate Governance - The board of directors emphasized the importance of sustainability, committing to reduce carbon emissions by 20% over the next five years[12] - The board of directors is responsible for overseeing the overall strategy and monitoring the operational and financial performance of the group[82] - The company has established three committees: the Remuneration and Nomination Committee, the Audit Committee, and the Investment Committee, each with defined responsibilities[91] - The board has complied with all corporate governance code provisions, except for specific provisions regarding the separation of roles between the chairman and CEO[74] - The company encourages directors to participate in professional development courses to enhance their knowledge and skills[85] Risk Management - The board is responsible for ensuring a robust and effective risk management and internal control system, recognizing that risk is inevitable but manageable to create value for the company[119] - Major risks are identified through a questionnaire survey sent to senior management, covering strategic, operational, financial, and compliance risks[120] - Risk reports are submitted to the audit committee and board, detailing major risks and corresponding action plans to mitigate them[124] - Management confirms the implementation of effective risk management mechanisms and internal control systems for the fiscal year ending March 31, 2021[130] Employee and Community Engagement - The company has implemented various social responsibility initiatives, including support for charitable activities and community services[146] - The company emphasizes the importance of employee health and safety, implementing safety indicators and annual safety plans to mitigate operational risks[187] - The company provides competitive compensation packages, including mandatory provident fund, medical insurance, and long service awards[195] - The company has established an employee safety manual to guide daily operations and maintain health and safety practices[189] Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes its commitment to environmental protection and sustainable development, aiming to create value for stakeholders and the public[159] - The company has established a comprehensive ESG governance framework led by the board to ensure stakeholder interests are considered in strategy formulation[167] - Key identified ESG issues include air emissions, greenhouse gas emissions, waste management, and energy usage, highlighting the company's focus on environmental impact[182] - The company conducted a materiality assessment to identify key ESG issues impacting its operations and stakeholder engagement[176]
安全货仓(00237) - 2021 - 年度财报