Financial Performance - The company reported a revenue increase of 33% from HKD 961 million in 2020 to HKD 1,279 million in 2021, driven by high demand for laptops [26]. - The net loss attributable to shareholders decreased by 40% from HKD 599 million in 2020 to HKD 360 million in 2021 [26]. - The company reported a total revenue of HKD 1.2 billion for the fiscal year ending March 31, 2021, representing a year-on-year increase of 15% [50]. - The company has projected a revenue growth of 10% for the upcoming fiscal year, targeting HKD 1.32 billion [50]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on smart home devices [50]. Operational Efficiency - Administrative expenses were reduced by approximately 22% to HKD 114 million due to business streamlining and cost-saving measures [28]. - The company’s operational strategies included a shift to online meetings and reduced participation in exhibitions, contributing to lower administrative costs [28]. - The group has invested in automation and robotics to reduce reliance on additional labor, while also expanding production capabilities to meet the geometric growth in laptop production [33]. - The production facilities have been upgraded with new equipment to adapt quickly to market demands for different laptop specifications [38]. - The company has implemented measures to improve operational efficiency and reduce resource consumption, including the installation of energy-efficient equipment [119]. Market Demand and Product Development - The demand for laptops and tablets surged dramatically due to COVID-19, with laptop sales reaching nearly 250,000 units for the fiscal year ending March 31, 2021, marking a tenfold increase in sales in markets like India [31]. - The group anticipates that the strong demand for laptops and tablets will continue into 2021 and possibly 2022, driven by ongoing remote work trends [36]. - The group plans to develop and promote a wider variety of laptops and tablets to capture new consumers and market segments [36]. - The group aims to produce laptops and tablets in quantities that could soon reach seven figures annually [38]. Supply Chain and Component Challenges - The company faced challenges in fulfilling orders due to component shortages, which affected both revenue and profitability [26]. - The group has solidified its supply chain resources in Hong Kong, Shenzhen, and Taiwan to address the global shortage of key electronic components [30]. - The gross margin was impacted by the global shortage of electronic components, leading to higher costs for certain laptop models [26]. Corporate Governance and Compliance - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance for the past twelve months [65]. - The company has established a shareholder communication policy to facilitate inquiries and feedback from shareholders and potential investors [90]. - The company has confirmed that there are no significant uncertainties affecting its ability to continue as a going concern [79]. - The company maintains a strong commitment to corporate governance to ensure effective resource allocation and protect shareholder interests [92]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report covers the company's performance in environmental, social, and governance aspects for the fiscal year ending March 31, 2021 [98]. - The company has implemented internal guidelines to improve resource consumption efficiency and reduce waste generation [111]. - The company emphasizes corporate social responsibility as a key aspect of its operations, balancing stakeholder interests [102]. - The company has established a dedicated environmental management committee to oversee environmental protection efforts [104]. - The company actively engages stakeholders, including investors and employees, to assess and improve its ESG performance [103]. Employee and Workforce Management - As of March 31, 2021, the total number of employees was 946, a decrease from 961 in 2020 [144]. - The employee turnover rate was noted to be high, particularly among younger employees who prefer more flexible job options [145]. - The company provides annual discretionary bonuses to recognize hardworking employees [144]. - Employee participation in training decreased to 670 in 2021 from 723 in 2020, representing a decline from 75.2% to 71% of total employees [160]. - The company has organized and funded various internal and external training programs to enhance employee skills and knowledge, including a minimum of 32 hours of annual training for factory employees [163]. Community Engagement and Social Responsibility - The group participated in community activities such as blood donation and youth volunteer activities, and employed 20 individuals from the local community [182]. - The group is committed to corporate social responsibility and aims to strengthen relationships with the community through various initiatives [182].
ALCO HOLD-NEW(00328) - 2021 - 年度财报