Financial Performance - The company's revenue for the fiscal year ended June 30, 2021, was approximately RMB 128,079,000, an increase of 29.1% compared to RMB 99,206,000 in the previous year[6] - The operating loss for the year was RMB 27,024,000, a significant improvement from the previous year's loss of RMB 96,325,000, representing a decrease of 71.9%[6] - The loss attributable to shareholders was RMB 25,900,000, down 70.5% from RMB 87,940,000 in the prior year[6] - The basic and diluted loss per share was RMB 2.50, compared to RMB 8.48 in the previous year, reflecting a 70.5% reduction[6] - The gross profit for the year was approximately RMB 10,941,000, compared to a gross loss of approximately RMB 5,742,000 in the previous year[23] - The total equity attributable to shareholders decreased by approximately RMB 32,789,000 to about RMB 1,774,929,000 as of June 30, 2021[30] - The company reported a loss of approximately RMB 25,900,000 for the year, compared to a loss of approximately RMB 87,940,000 in the previous year[182] - The board of directors did not recommend any final dividend for the year, consistent with the previous year where no dividend was paid[181] Revenue Segmentation - Sales from the automation instruments and technology products segment were approximately RMB 122,511,000, accounting for about 95.7% of total revenue, compared to 93.8% in the previous year[16] - The sales from the clocks and instruments segment were approximately RMB 5,568,000, representing 4.3% of total revenue, down from 6.2% in the previous year[17] Cash and Assets - As of June 30, 2021, the company's cash and cash equivalents amounted to approximately RMB 1,418,120,000, a decrease from RMB 1,462,143,000 as of June 30, 2020[28] - The net asset value of the company was approximately RMB 1,774,929,000, a decrease of 1.8% from RMB 1,807,718,000 in the previous year[6] - The company had no bank borrowings as of June 30, 2021, consistent with the previous year[29] Future Plans and Development - The company plans to continue expanding its product line and improving specifications to capture new customers and markets[11] - There are no significant expansion plans due to global market instability, and the company will proceed cautiously with future development plans[19] - The company plans to utilize approximately HKD 711,000,000 for the construction of production facilities for new products and approximately HKD 129,000,000 for research and development[32] Corporate Governance - The company has maintained compliance with the majority of the corporate governance code as stipulated in the Listing Rules, emphasizing accountability and transparency[61] - The board of directors consists of four executive directors and three independent non-executive directors, ensuring a balanced composition with relevant knowledge and experience[64] - The board held three meetings during the fiscal year ending June 30, 2021, with all members attending each meeting[69] - The company has established corporate governance policies and regularly reviews compliance with legal and regulatory requirements[68] - The company is committed to maintaining high standards of corporate governance and regulatory compliance, aligning with best practices in the industry[61] Environmental and Social Responsibility - The company emphasizes its commitment to environmental, social, and governance (ESG) responsibilities, holding at least one board meeting annually to assess ESG risks and strategies[112] - The company has received ISO certifications for quality management (ISO 9001), environmental management (ISO 14001), and occupational health and safety management (OHSAS 18001), with the latest certifications valid until January 2022[114] - The company has established a waste management system to ensure compliance with national environmental standards, including the Environmental Protection Law of China[119] - The company is committed to continuous improvement in its environmental performance through preventive and control measures[115] Employee and Labor Practices - The company employed a total of 489 staff as of June 30, 2021, down from 529 staff in the previous year[39] - The total number of employees is 489, with 301 male and 188 female[149] - Employee turnover rate is 16% for males and 22.2% for females[150] - The company provided training to 810 employees, with 56.9% being male and 43.1% female[157] - The company has implemented safety and labor protection measures, ensuring a comfortable working environment[152] - The company adheres to all relevant labor laws and regulations, including social insurance and medical insurance plans[150] Supply Chain and Product Quality - The company has established relationships with over 100 independent suppliers located in China, ensuring a stable supply of raw materials and components[161] - The company has not faced any significant difficulties in obtaining sufficient supplies for production, indicating a robust supply chain[163] - The company has maintained compliance with all relevant laws and regulations regarding health, safety, and product quality, including the Consumer Rights Protection Law in China[164] Community Engagement - The company actively participates in community activities to understand local needs, including events celebrating the 100th anniversary of the Communist Party of China[173] - The company plans to continue engaging with local communities through various activities in the future[173]
中国高精密(00591) - 2021 - 年度财报