Financial Performance - The group's revenue for the year ended March 31, 2021, was approximately HKD 248,183,000, a decrease of 28.8% compared to HKD 348,648,000 in 2020[11] - The annual profit for the group was approximately HKD 20,532,000, a significant recovery from a loss of HKD 46,174,000 in the previous year[11] - Other income amounted to approximately HKD 49,632,000, primarily from government subsidies under the employment support scheme, compared to HKD 1,177,000 in 2020[11] - Other operating expenses were approximately HKD 75,768,000, a decrease of 25.8% from HKD 102,119,000 in the previous year[11] - The advertising media business recorded revenue of approximately HKD 0 for the year ended March 31, 2021, compared to HKD 4,933,000 in 2020, resulting in an operating loss of approximately HKD 6,796,000, an improvement from the operating loss of HKD 32,204,000 in 2020[17] - The total employee cost for the year was HKD 194,108,000, down from HKD 256,640,000 in 2020, with the number of employees decreasing from 1,354 to 1,086[37] - The group had no bank borrowings as of March 31, 2021, but had lease liabilities and loans from a director totaling approximately HKD 10,848,000[13] - The group is committed to prudent cash management and risk control measures to navigate the ongoing economic challenges[13] Business Operations - The cleaning and related services business recorded a profit of approximately HKD 2,466,000, while the advertising media business incurred a loss of approximately HKD 6,796,000[11] - The cleaning and related services business secured a two-year contract for cleaning and pest control services at an air cargo station, which requires high safety and specific cleaning techniques[21] - The company successfully renewed a two-year contract with a leading airline catering company for general cleaning and landscaping services at its headquarters[23] - A three-year contract was won for comprehensive cleaning services for a residential area, with an option to extend for another three years, starting from April 1, 2021[23] Environmental Impact - The total greenhouse gas emissions decreased significantly, with scope 1 emissions at 20 tons CO2 equivalent in 2021 compared to 683 tons in 2020, representing a reduction of approximately 97%[65] - The total greenhouse gas emissions (all scopes) were 54 tons CO2 equivalent in 2021, down from 2,839 tons in 2020, indicating a reduction of about 98%[66] - The number of employees decreased from 1,294 in 2020 to 1,009 in 2021, which may have contributed to the reduction in emissions density from 2.2 to 0.1 tons CO2 equivalent per employee[66] - The company reported no harmful waste generated from its cleaning operations, indicating a focus on environmentally friendly practices[68] - The company is committed to using environmentally friendly cleaning solutions to minimize adverse environmental impacts[63] - The total energy consumption for the year ended March 31, 2021, was 120,330 kWh, a significant decrease from 3,018,318 kWh in the previous year, representing a reduction of approximately 96%[77] - Water usage for the year was 49 cubic meters, down from 3,103 cubic meters in the previous year, reflecting a reduction of approximately 98.4%[77] - The company has focused on enhancing employee awareness of environmental protection and energy-saving practices[79] Corporate Governance - The board consists of four executive directors and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[127] - The company has adopted a corporate governance code and has complied with it throughout the fiscal year ending March 31, 2021[124] - The company has established six board committees, including the remuneration committee, audit committee, nomination committee, corporate governance committee, executive committee, and strategy and development committee to oversee specific matters and assist the board in fulfilling its responsibilities[146] - The board of directors held a total of 16 meetings during the fiscal year ending March 31, 2021, demonstrating a high level of commitment from the directors[143] - The company has established channels for employees to report any violations of the code of conduct directly to senior management for fair investigation[112] - The company emphasizes the importance of honesty and integrity in its operations, strictly prohibiting bribery and corruption[111] Employee Management - The employee turnover rate was approximately 3.3%, a decrease from 5.8% in the previous year, indicating improved employee retention[86] - The company employed 684 full-time employees and 325 part-time employees as of March 31, 2021, compared to 966 full-time and 328 part-time employees in the previous year[82] - The average employee attended 1.1 training sessions during the year ended March 31, 2021, down from 3.7 sessions in the previous year[97] - The company has not identified any significant violations of employment regulations or incurred any fines during the year ended March 31, 2021[89] Community Engagement - The company provided free disinfection services at St. Joseph's Church on March 1, 2021, as part of its community investment initiatives[120] - The company conducted monthly recycling activities at a major residential project, encouraging residents to recycle in exchange for sponsored consumer goods[117] Risk Management - The management is responsible for designing and implementing the internal control system to manage various risks faced by the group[169] - The board is responsible for maintaining effective risk management and internal control systems to safeguard the group's assets[167] - The company has implemented a whistleblowing policy to enhance monitoring awareness among employees[172] Financial Reporting - The company ensures timely publication of financial statements that fairly reflect the group's affairs, performance, and cash flows[165] - The company does not recommend any dividend payment for the fiscal year ending March 31, 2021, consistent with the previous year[197] - The company will review its dividend policy periodically but does not guarantee any specific period for recommending or declaring dividends[181] - The board of directors will consider various factors, including economic conditions and operational needs, when deciding on dividend recommendations[182]
新华通讯频媒(00309) - 2021 - 年度财报