数码通电讯(00315) - 2021 - 年度财报

Financial Performance - Total revenue for the year ended June 30, 2021, was HKD 6,720 million, a decrease of 4% compared to HKD 6,986 million in 2020[11]. - Profit attributable to shareholders increased by 17% to HKD 445 million, up from HKD 379 million in the previous year[11]. - Basic earnings per share rose by 18% to HKD 0.40, compared to HKD 0.34 in 2020[11]. - Service revenue decreased by 5% to HKD 4,339,000,000, with roaming revenue down 58% due to travel restrictions, partially offset by a 2% increase in local service revenue[27]. - Total revenue declined by 4% to HKD 6,720,000,000, mainly attributed to the drop in roaming income[27]. - EBITDA rose by HK$30,000,000 or 1% to HK$2,460,000,000, while operating profit increased by 30% to HK$674,000,000[29]. - The company’s financial performance for the year ending June 30, 2021, is detailed in the consolidated income statement on page 58[77]. - The company reported a profit of HKD 378,985 for the year, compared to HKD 339,617 in 2020, representing an increase of approximately 11.6%[178]. - The total comprehensive income for the year ended June 30, 2021, was HKD 460,023,000, compared to HKD 458,040,000 for the previous year, reflecting a slight increase[181]. Cash Flow and Assets - Net cash inflow from operating activities was HKD 2,420 million, representing a 20% increase from HKD 2,017 million in 2020[13]. - Cash and bank balances stood at HKD 2,095,000,000 as of June 30, 2021, down from HKD 2,251,000,000 a year earlier[30]. - The group maintained a net cash position of HK$994,000,000 as of June 30, 2021, compared to HK$604,000,000 in the previous year[30]. - The operating cash flow for the year ended June 30, 2021, was HKD 2,637,102, an increase from HKD 2,298,821 in 2020, representing a growth of approximately 14.7%[175]. - The total assets amounted to HKD 10,650 million, with current liabilities of HKD 2,660 million, resulting in net assets of HKD 7,990 million[153]. - The total number of shares held by directors and senior management as of June 30, 2021, includes 5,162,337 shares held by Chairman Guo Binglian, representing 0.46% of the issued voting shares[88]. 5G and Digital Transformation - The company launched a 5G bus service in collaboration with KMB, providing passengers with access to SmarTone's 5G network[15]. - SmarTone Solutions is integrating 5G and the latest technologies into end-to-end enterprise solutions to drive digital transformation[17]. - The company has invested significantly in building a world-class 5G network, achieving 99% population coverage in Hong Kong, with independent testing confirming it as the best 5G network in the region[21]. - The 5G Lab, opened in May 2021, attracted approximately 200,000 visitors in three months, including CEOs from major companies, showcasing the potential of 5G technology[22]. - The company anticipates accelerated customer upgrades to 5G services, which will be a key growth driver, alongside increased demand for enterprise application solutions[25]. - New services such as network security and 5G home broadband are expected to generate additional revenue streams for the company[25]. - The company is collaborating with various operators to develop telemedicine services and Smart Health solutions for elderly care providers, indicating a focus on innovative applications of 5G technology[24]. Governance and Board Structure - The board consists of 2 executive directors, 5 non-executive directors, and 6 independent non-executive directors, ensuring a balanced governance structure[39]. - All directors are required to retire at least once every three years and are subject to re-election by shareholders[40]. - The company held 4 board meetings and 1 annual general meeting during the year ending June 30, 2021, with attendance rates of 100% for most directors[43]. - Independent non-executive directors have confirmed their independence in accordance with listing rules, ensuring compliance with governance standards[39]. - The company has arranged appropriate liability insurance for its directors, which is reviewed annually[39]. - The board meets at least four times a year to discuss overall strategy, operational and financial performance, and significant acquisitions or disposals[42]. - The chairman and president roles are held by different individuals to enhance independence and accountability[41]. - The board comprises members from diverse age groups and backgrounds, ensuring a balanced representation[53]. Risk Management and Compliance - The company maintained an effective risk management and internal control system for the year ended June 30, 2021[55]. - The audit committee is satisfied with the independence and objectivity of PwC as the external auditor for the company[59]. - The company emphasizes the importance of accurate revenue recognition due to inherent risks in the telecommunications industry, identifying it as a significant audit risk[161]. - The auditor identifies and assesses risks of material misstatement in the financial statements and designs audit procedures to address these risks[165]. - The group faces significant risks including intense market competition, reliance on effective IT systems, and compliance with regulatory requirements[72]. - The group has established a risk management framework to address all critical operational risks[72]. Shareholder Returns and Dividends - The company plans to pay a final dividend of HK$0.155 per share, resulting in a total annual dividend of HK$0.30 per share, based on a 75% payout ratio[25]. - The proposed final dividend for the year ending June 30, 2021, is $0.155 per share, an increase from $0.15 per share in 2019/20, resulting in a total dividend of $0.30 per share for the year[78]. - The total dividend declared was HKD 333 million, marginally up from HKD 331 million in the previous year[152]. - The group aims for a target dividend payout ratio of 75% of the annual profit attributable to shareholders[69]. Employee Relations and Development - The group emphasizes employee relations, providing training and development opportunities, and fostering communication[75]. - The company has not made any charitable or other donations during the year, consistent with the previous year[82]. - The company provides training records for directors, ensuring they are informed about their responsibilities and the company's operations[46]. Share Options and Incentives - The company has a stock option plan that allows for the issuance of up to 10% of the total issued shares at the time of adoption, with a maximum of 30% of the total issued shares available for issuance upon exercise of all outstanding options[100]. - The stock options granted to directors and employees are subject to a vesting schedule, with a maximum of 30% exercisable after one year, 60% after two years, and the remainder after three years[106]. - The share incentive plan was adopted on June 29, 2018, with a maximum limit of 10% of the total shares issued as of the adoption date, which is 1,124,269,277 shares[111]. Community Engagement - The company has been actively involved in community engagement through various activities, including the introduction of a "5G STEM Mobile Classroom" for local students[149].