Financial Performance - The company reported a basic earnings per share of 27.1 HKD for the fiscal year 2020/21, a significant recovery from a loss of 47.0 HKD in the previous fiscal year 2019/20[50]. - The company's revenue for the fiscal year 2020/21 was 1,159.9 million HKD, a decrease from 1,293.7 million HKD in the fiscal year 2019/20, indicating a decline of approximately 10.3%[59]. - The net profit for the fiscal year was approximately HKD 99.7 million, a significant recovery from a net loss of HKD 172.6 million in 2020[83]. - The gross profit for the fiscal year 2020/21 was 909.6 million HKD, with a gross profit margin of 78.4%[63]. - Total dividends declared for the fiscal year 2020/21 amounted to 61.0 HKD per share, compared to 34.0 HKD per share in the fiscal year 2019/20, reflecting a 79.4% increase[50]. - The net profit margin for the fiscal year 2020/21 was 8.1%, recovering from a negative margin of -19.5% in the previous fiscal year[61]. - The company achieved rental concessions related to COVID-19 amounting to about HKD 49.2 million, compared to zero in 2020[86]. - The group recorded a net gain from the sale of properties of approximately HKD 47,400,000 for the year, compared to a gain of HKD 29,200,000 in 2020[98]. - The group achieved a net profit of approximately HKD 99,700,000 for the year, compared to a net loss of HKD 172,600,000 in 2020[98]. Operational Changes - The company has closed all offline stores outside of Hong Kong and Macau, shifting its business model to focus on online channels for overseas market opportunities[3]. - The company plans to sell and lease back a property in Hong Kong for approximately HKD 48 million, expected to be completed by August 31, 2021[5]. - The company is actively negotiating for rent reductions and more flexible leasing terms to manage fixed rental costs effectively[4]. - The company aims to maintain a manageable scale under reasonable profitability levels and will not pursue aggressive expansion until a sustainable economic recovery is evident[4]. - The company closed a number of underperforming stores, reducing its physical retail presence from 65 to 49 stores in Hong Kong and Macau[84]. Environmental Sustainability - The company is committed to minimizing environmental impact and ensuring compliance with environmental regulations[14]. - Nitrogen oxides (NOx) emissions decreased from 231.16 kg in 2019/20 to 125.67 kg in 2020/21, representing a reduction of approximately 45.5%[17]. - Total greenhouse gas emissions decreased by 4% year-over-year, despite a 5% increase due to the inclusion of data from Macau[18]. - Plastic bag usage decreased significantly from 16.22 tons in 2019/20 to 3.59 tons in 2020/21, a reduction of about 77.9%[27]. - The total amount of paper used dropped from 14.95 tons in 2019/20 to 10.34 tons in 2020/21, a decrease of approximately 30.5%[27]. - The company recycled 220 tons of waste from store closures and relocations in 2020/21, up from 178.5 tons in 2019/20, an increase of about 23.2%[30]. - The company continues to implement energy-saving measures, including the installation of LED lights and temperature controllers in air conditioning systems[20]. Employee and Customer Relations - As of March 31, 2021, the company had 259 employees in Hong Kong and Macau, with nearly 75% being frontline retail staff[32]. - The total number of employees decreased from 347 in 2020 to 259 in 2021, representing a reduction of approximately 25.4%[33]. - Employee training hours totaled 2,269 in the review year, a significant decrease from 4,182 hours in the previous year due to COVID-19 restrictions[37]. - Customer complaints decreased from 32 in 2020 to 19 in the review year, indicating an improvement in customer service[40]. - The company is committed to providing a safe and healthy work environment for its employees, along with regular training and team-building activities[173]. Corporate Governance - The company has adopted a corporate governance policy requiring new directors to receive at least 15 hours of tailored training to understand the business and their responsibilities[116]. - The board consists of three independent non-executive directors with appropriate professional qualifications and experience[124]. - The company has arranged suitable liability insurance for directors to protect against legal actions arising from corporate activities[116]. - The board of directors held regular meetings at least four times a year, with all directors receiving relevant documents for approval[123]. - The audit committee monitored the integrity of the group's financial information, including consolidated financial statements and annual reports[125]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[52]. - The company aims to enhance its operational efficiency and explore potential mergers and acquisitions to strengthen its market position[52]. - The board will review the dividend policy periodically and has the discretion to update or amend it as deemed necessary[162].
包浩斯国际(00483) - 2021 - 年度财报