NWS HOLDINGS(HK:00659)2021-10-20 10:20Financial Performance - The company's revenue for 2021 was HKD 28,197.3 million, an increase of 24% compared to HKD 22,612.2 million in 2020[11]. - The attributable operating profit rose to HKD 5,225.9 million, up 49% from HKD 3,514.3 million in the previous year[11]. - The total assets as of June 30, 2021, were HKD 152,572.9 million, compared to HKD 150,052.0 million in 2020, reflecting a growth of 1.7%[12]. - The net debt ratio improved to 25% in 2021 from 31% in 2020, indicating a stronger financial position[12]. - The company declared a total dividend of HKD 0.59 per share, slightly up from HKD 0.58 per share in 2020, with a payout ratio of 201%[11]. - Cash and bank deposits decreased to HKD 10,804.6 million from HKD 13,221.8 million in the previous year[12]. - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[24]. - The company reported a net profit margin of 18%, up from 15% in the previous year[29]. - Shareholder returns are expected to increase, with a proposed dividend of $0.50 per share, reflecting a 25% increase from last year[28]. Growth and Expansion - User data showed a growth of 25% in active users, reaching a total of 5 million users by the end of the fiscal year[22]. - The company anticipates a revenue growth of 10% for the next fiscal year, projecting total revenues to reach approximately $1.1 billion[21]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on sustainable technology solutions[22]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[21]. - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's service offerings and customer base[22]. - The company has set a target to expand its market presence in Asia, aiming for a 30% increase in market share by 2025[32]. - Market expansion plans include entering two new international markets by Q3 2024[28]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $100 million for potential deals[29]. Innovation and Technology - The company is focused on innovation and creating shared value with the community and stakeholders[10]. - Research and development expenditures increased by 20%, focusing on innovative technologies and product enhancements[21]. - A new partnership with a leading tech firm is expected to drive advancements in digital services, enhancing user experience[21]. - The company is investing in R&D for new technologies, allocating $F million to enhance product offerings and improve operational efficiency[24]. - The company is investing in new technology development, allocating $10 million for R&D in the upcoming year[29]. - The company has implemented various innovations, including the adoption of BIM technology to improve construction management and the introduction of a new reverse mortgage feature in life insurance products[133]. - The company is leveraging AI and related technologies to reduce traffic accidents and congestion, improving user experience on roadways[129]. Sustainability Initiatives - The company has set a goal to achieve carbon neutrality by 2025, aligning with global sustainability trends[22]. - Sustainability initiatives are being prioritized, with a commitment to reduce carbon emissions by I% over the next five years[27]. - The board emphasized the importance of sustainability initiatives, aiming for a 30% reduction in carbon emissions by 2025[28]. - The company has committed to providing timely access to important information via its website[83]. - The company has established a sustainable development committee to oversee its environmental, social, and governance (ESG) initiatives, ensuring alignment with global reporting standards[140]. - The company has committed to gradually divest from investments in coal-fired power plants, aligning with its sustainable development goals[161]. - The group aims to reduce carbon intensity by 50% by the fiscal year 2030, with a current reduction of 56% achieved in the fiscal year 2021[167]. - The company has linked a total of HKD 3.8 billion in loans to its sustainable development performance, utilizing green financing tools since the fiscal year 2020[161]. Corporate Governance - The company adhered to all applicable provisions of the Corporate Governance Code in the 2021 fiscal year, except for provision E.1.2 regarding the attendance of the chairman at the annual general meeting[33]. - The board consists of 17 members with diverse professional knowledge and experience, contributing significantly to the company's committees[41]. - The company has implemented a formal nomination process for directors, ensuring that qualifications and backgrounds are thoroughly reviewed[42]. - The company has established a set of guidelines and policies for corporate governance, which are regularly reviewed by the board and relevant committees[38]. - The company has adopted a standard code of conduct for securities trading, ensuring compliance among all directors and employees[40]. - The board is responsible for overseeing the company's governance responsibilities, including the review of compliance with legal and regulatory requirements[39]. - The company provides appropriate liability insurance for directors to cover responsibilities arising from corporate activities[36]. - The company has established a disclosure committee to ensure consistent disclosure practices and compliance with applicable regulations[72]. Risk Management - The company has a robust risk management and internal control system in place, as outlined in its corporate governance manual[38]. - The company employs a three lines of defense model for its risk governance framework, clearly defining roles and responsibilities[97]. - The company integrates enterprise risk management into its operational and business planning to assist in achieving business objectives and sustainable growth[90]. - The company has established a comprehensive risk management framework that integrates risk assessment into business processes and decision-making[105]. - The company conducts regular risk assessments to compare identified risks against its risk tolerance levels, allowing for prioritized risk response strategies[106]. - The company has implemented a reporting system for stakeholders to confidentially report serious matters, including suspected fraud and misconduct[102]. - The company has established various policies, including a Climate Change Policy and a Sustainable Procurement Policy, to guide its operations and ensure adherence to sustainability principles[159]. Community Engagement - The group accumulated 102,000 hours of community volunteer service in the fiscal year 2021, contributing to the quality of life for 9.2 million beneficiaries[167]. - Over 4 million beneficiaries were reached in health improvement initiatives, with 202,000 beneficiaries in the fiscal year 2021[167]. - The company has conducted consultations with approximately 350 stakeholders to understand expectations regarding sustainable development initiatives[154]. - Stakeholder engagement included 250 internal stakeholders and 92 external stakeholders, ensuring diverse input on sustainability issues[168].