Financial Performance - The company's revenue for the fiscal year was RMB 482,330,000, a decrease of 25.69% compared to RMB 649,090,000 in the previous fiscal year[43]. - Gross profit increased from RMB 28,340,000 to RMB 59,910,000, with the gross margin rising from 4.37% to 12.42%[43]. - The company recorded a loss attributable to owners of RMB 33,720,000, an improvement from a loss of RMB 122,160,000 in the previous fiscal year[43]. - Sales from plastic injection molding were RMB 158,115,000, a decrease from RMB 356,006,000 in the previous year[39]. - Sales from electronic product assembly increased to RMB 301,160,000 from RMB 250,503,000, showing a growth of approximately 20.2%[39]. - The company reported revenue of RMB 482,330,000, a decrease of RMB 166,760,000 or 25.69% compared to last year[50]. - The gross profit increased to RMB 59,910,000, representing 12.42% of revenue, up from RMB 28,340,000 or 4.37% last year[50]. - The assembly electronic products segment generated revenue of RMB 301,160,000, an increase of RMB 50,660,000 or 20.22% from RMB 250,500,000 in the previous year[52]. - The plastic injection molding segment saw a significant decline in revenue to RMB 158,120,000, down RMB 197,890,000 or 55.59% from RMB 356,010,000 last year[51]. - The company recorded a net loss of RMB 26,560,000, compared to a loss of RMB 44,950,000 in the previous year[54]. Assets and Liabilities - Total assets decreased to RMB 629,340,000 from RMB 727,592,000, reflecting a decline of approximately 13.5%[29]. - Total liabilities reduced to RMB 272,626,000 from RMB 336,254,000, indicating a decrease of about 18.9%[29]. - Net borrowings significantly decreased to RMB 7,838,000 from RMB 72,572,000, a reduction of approximately 89.2%[29]. - Capital expenditures were RMB 7,345,000, down from RMB 25,817,000, representing a decline of about 71.5%[29]. - The debt ratio (net) improved to 1.25% from 9.97%[29]. - The total outstanding interest-bearing borrowings, including lease liabilities and loans from a director, decreased to RMB 173,510,000 from RMB 210,910,000 last year[61]. - The net interest-bearing borrowings stood at RMB 7,840,000, a significant reduction from RMB 72,570,000 in the previous year, representing 1.25% of total assets[61]. Expenses and Cost Management - Selling expenses decreased by RMB 6,600,000 or 40.42% to RMB 9,730,000 compared to RMB 16,330,000 last year[57]. - General and administrative expenses were reduced by RMB 23,820,000 or 30.66% to RMB 53,880,000 from RMB 77,700,000 in the previous year[58]. - The total human resources expenses for the fiscal year were RMB 108,300,000, down from RMB 161,020,000 in 2019, attributed to a reduction in employee count from 1,706 to 935[71]. Environmental and Sustainability Initiatives - The group invested RMB 80,000,000 in renewable energy, specifically solar power, generating over 8,915,904 kWh of electricity during the reporting period[84]. - Approximately 20% of the electricity consumed in the group's production process is sourced from solar energy[84]. - The group has implemented a waste management program based on the "5Rs" principle, promoting replacement, reduction, reuse, recovery, and recycling[83]. - The group has adopted water-saving measures across all business units, leading to improved water efficiency during operations[86]. - The group has renewed its ISO14001:2015 environmental management system certification, reflecting its commitment to reducing its environmental footprint[87]. - The group has established robust waste management control procedures to identify, isolate, and handle hazardous and non-hazardous waste[83]. - The group has set a target to reduce energy consumption through the use of energy-efficient LED lighting and other sustainable practices[84]. - The group promotes green packaging solutions, including biodegradable plastic packaging and innovative designs to reduce non-recyclable materials[86]. - Nitrogen oxide emissions decreased from 2,842 kg in 2018/19 to 1,748 kg in 2019/20, representing a reduction of approximately 38.5%[91]. - Total greenhouse gas emissions decreased from 23,176 tons CO2 equivalent in 2018/19 to 11,549 tons CO2 equivalent in 2019/20, a reduction of about 50.1%[91]. - Total energy consumption increased significantly from 23,678,197 kWh in 2018/19 to 38,116,958 kWh in 2019/20, an increase of approximately 60.9%[91]. - Total water usage increased from 380,622 cubic meters in 2018/19 to 517,717 cubic meters in 2019/20, an increase of approximately 36.1%[91]. - The total amount of packaging materials decreased from 15,141 tons in 2018/19 to 9,048 tons in 2019/20, a reduction of about 40.4%[91]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and regularly reviews its practices to ensure compliance with the latest developments in corporate governance[129]. - The roles of the Chairman and the CEO are held by different individuals, with the Chairman also overseeing strategic planning and business operations, which is a deviation from the corporate governance code[131]. - The management team includes experienced professionals with over 25 years of experience in internal auditing, corporate finance, and financial management[125]. - The company has a structured approach to corporate governance, adhering to the listing rules and guidelines set forth by the exchange[130]. - The board of directors held four meetings during the fiscal year ending July 31, 2020, to review and approve the annual report and corporate strategies[134]. - The company has arranged liability insurance for its directors and senior management for the fiscal year ending July 31, 2020[154]. - The board aims for at least 40% of its members to be non-executive or independent non-executive directors as part of its diversity policy[157]. - The board confirmed its responsibility for the group's risk management and internal control systems, ensuring their effectiveness without guaranteeing absolute error-free statements or loss prevention[185]. - The internal audit function conducted regular financial and operational reviews, ensuring the implementation of risk management and internal control measures[186]. - The company has established procedures for shareholders to convene special general meetings, requiring at least 10% of the paid-up capital to make a request[191]. Community Engagement and Social Responsibility - The company actively participates in community investment, donating air purifiers to hospitals during the COVID-19 pandemic and encouraging employee involvement in community services[108]. - The company has implemented measures to ensure compliance with relevant laws and regulations, with no significant non-compliance issues reported during the reporting period[109]. Risk Management - No significant risks or internal control weaknesses were identified by the board or management during the fiscal year ending July 31, 2020[188]. - The board conducted an annual review of the risk management and internal control systems, including financial, operational, and compliance controls[188].
威铖国际(01002) - 2020 - 年度财报