Financial Performance - The Group recorded a consolidated revenue of approximately HK$277 million for the year ended March 31, 2021, down from HK$364 million in 2020, representing a decrease of 24%[18]. - Net profit attributable to the owners of the Company was approximately HK$151 million, a significant recovery from a net loss of approximately HK$572 million in 2020[18]. - Basic and diluted earnings per share were both HK13.7 cents, compared to basic and diluted losses per share of HK51.8 cents in the previous year[18]. - Equity attributable to the owners of the Company increased by 6% to approximately HK$3,899 million, up from approximately HK$3,678 million in 2020[18]. - The Group's gross profit decreased by 15% to approximately HK$122 million, resulting in a gross margin of 44% compared to 39% in the previous year[138]. - The Group reported a loss before taxation of approximately HK$173 million, significantly improved from a loss of HK$507 million in 2020[139]. - After accounting for a tax credit of approximately HK$222 million, the Group recorded a profit for the year of approximately HK$49 million, compared to a loss of approximately HK$565 million in 2020[143]. - The net gain from the ports and logistics business was approximately HK$141 million, while the property business recorded a net loss of approximately HK$1,045 million[140]. Dividends and Shareholder Returns - The Company did not recommend payment of a final dividend for the year ended March 31, 2021, consistent with the previous year[19]. - The Group's equity attributable to owners increased by 6% to approximately HK$3,899 million, equivalent to HK$3.53 per share, up from HK$3.33 per share in 2020[148]. Asset Management and Investments - The Group completed the disposals of 90% equity interest in Jiaxing Port International Container Feeder Port Limited and 100% equity interest in Paul Y. Corporation Limited, recognizing a total net gain after tax of approximately HK$111 million[20]. - A total consideration of approximately RMB654 million has been fully received in cash in Hong Kong up to the date of the statement[20]. - The Group's investments in equity instruments held for trading amounted to approximately HK$1,338 million, representing about 20% of the Group's total assets, compared to HK$192 million and 3% in 2020[90][91]. - The Group recognized a gain on changes in fair value of investments in debt and equity instruments held for trading of approximately HK$856 million, compared to a loss of approximately HK$224 million in the previous year[144]. - The Group's investment in China Evergrande New Energy Vehicle Group Limited had a fair value of approximately HK$1,057 million, accounting for about 16% of the Group's total assets and approximately 79% of its equity instruments held for trading portfolio[93][96]. Operational Highlights - The Group's strategic focus includes land and property development, investment in ports and infrastructure, and operation of logistics facilities in China's Yangtze River region[2]. - The company reported a 20% decrease in LPG sales to approximately 3,700 tonnes and a 21% decrease in CNG sales to approximately 15.5 million m³ for the year ended March 31, 2021[52]. - The property business recorded an operating loss of approximately HK$1,045 million, primarily due to a loss on fair value changes of investment properties of approximately HK$408 million and a write-down of property stock of approximately HK$641 million[68]. - The Group's land bank at Xiao Yangkou is 11.42 sq km, with approximately 6.81 sq km developed or under development as of March 31, 2021[74][75]. Corporate Governance and Social Responsibility - The company maintained transparent communications with investors and stakeholders, focusing on effective internal control and corporate governance measures[27]. - The company has a strong commitment to corporate social responsibility, as detailed in its Business Review and Environmental, Social and Governance Report[28]. - The Group aims to operate with good environmental protection practices and has adopted measures to mitigate negative environmental impacts[180]. - The Group is committed to providing a healthy and safe working environment and has implemented training and development opportunities for employees[186]. - The Group promotes responsible and ethical business practices, including prohibiting bribery and corruption[186]. Risk Management and Compliance - The Group's operations and assets are primarily located in China, making it vulnerable to changes in the political, social, economic, or tax policies of the Chinese government[195]. - The Group has established mechanisms to assess and monitor changes in the Chinese government's policies, with relevant measures in place to address such changes[195]. - The Group is subject to various inspections and audits by PRC regulatory authorities regarding environmental, health, and safety laws, which may lead to additional compliance challenges and costs[198]. - There were no material non-compliance issues with laws and regulations that significantly impacted the Group during the review year[191].
蓝河控股(00498) - 2021 - 年度财报