Financial Performance - The group's revenue for the fiscal year was RMB 256.2 million, a significant decrease of 46.88% compared to RMB 482.33 million in the previous fiscal year[22]. - Gross profit decreased from RMB 59.91 million to RMB 54.31 million, while the gross margin improved from 12.42% to 21.20%[22]. - The company recorded a loss attributable to owners of RMB 5.61 million, an improvement from a loss of RMB 33.72 million in the previous fiscal year[22]. - Revenue from the plastic injection molding business was RMB 154,100,000, a decrease of RMB 4,020,000 or 2.54% from RMB 158,120,000 in the previous year[30]. - The assembly electronic products segment saw a significant revenue drop to RMB 95,730,000, down RMB 205,430,000 or 68.21% from RMB 301,160,000 last year[31]. - The mold design and manufacturing segment recorded revenue of RMB 6,370,000, a decrease of RMB 16,680,000 or 72.36% from RMB 23,050,000 in the previous year[32]. - The company reported a significant increase in revenue for the fiscal year ending July 31, 2021, with a year-over-year growth of 15%[126]. - The company reported a net profit margin of 12% for the fiscal year, which is an improvement from 10% in the previous year[126]. Assets and Liabilities - Total assets decreased to RMB 491.96 million from RMB 629.34 million, while total liabilities reduced to RMB 141.15 million from RMB 272.63 million[10]. - The net cash/debt position shifted from a net cash of RMB 7.84 million to a net debt of RMB 1.79 million[10]. - As of July 31, 2021, the group's cash and cash equivalents, along with restricted bank balances, totaled RMB 91,630,000, a decrease from RMB 165,670,000 in 2020[41]. - The group's outstanding interest-bearing borrowings, including lease liabilities and loans from a director, amounted to RMB 89,850,000 as of July 31, 2021, down from RMB 173,510,000 in 2020[41]. - The total assets of the company reached approximately $500 million, reflecting a 10% increase compared to the previous fiscal year[126]. Expenses and Cost Management - Selling expenses decreased by RMB 3,830,000 or 39.36% to RMB 5,900,000 from RMB 9,730,000 last year[36]. - General and administrative expenses were RMB 45,070,000, a decrease of RMB 8,800,000 or 16.34% from RMB 53,870,000 in the previous year[37]. - Financial expenses decreased by 44.35% to RMB 5,710,000 from RMB 10,260,000 last year, mainly due to reduced interest-bearing borrowings[38]. - Other net losses amounted to RMB 7,480,000, compared to RMB 26,560,000 in the previous year, primarily due to property and equipment sales[33]. Employee and Workforce Management - The group employed 490 staff as of July 31, 2021, a reduction from 935 in 2020, leading to a decrease in human resources expenses to RMB 58,740,000 from RMB 108,300,000[53]. - The total workforce decreased from 935 employees in FY2019 to 490 employees in FY2020, representing a reduction of approximately 47.7%[99]. - Employee turnover rate decreased from 72.43% in FY2019 to 63.30% in FY2020, indicating an improvement in employee retention[99]. - The average training hours per employee during the reporting period was 13.32 hours, with new hires required to complete at least 24 hours of safety and operational training[85]. Environmental and Social Governance (ESG) - The board actively integrates environmental, social, and governance (ESG) systems into key business decisions[63]. - The group aims to maximize solar energy consumption in its total electricity usage[65]. - The group has implemented robust waste management control procedures to effectively identify, isolate, and handle hazardous and non-hazardous waste[68]. - The company has adopted the "5Rs" principle in its waste management program, emphasizing replacement, reduction, reuse, recovery, and recycling[70]. - The company has invested RMB 80,000,000 in renewable energy, specifically solar energy, generating over 8,969,836 kWh of electricity during the reporting period[71]. - Solar energy currently provides approximately 20% of the electricity consumed in the company's production process[71]. - The company has renewed its ISO 14001:2015 environmental management system certification, demonstrating its commitment to reducing its environmental footprint[74]. Corporate Governance - The company is committed to maintaining high standards of corporate governance, adhering to the latest developments in governance practices[122]. - The company has established a securities trading code to ensure compliance with regulatory standards, with all directors confirming adherence during the fiscal year[125]. - The board of directors held four meetings during the fiscal year to review and approve the company's strategies and financial performance[127]. - The company has adopted a diversity policy for board members, aiming for at least 40% of board members to be non-executive or independent non-executive directors[140]. Risk Management - The company is exposed to various financial risks, including foreign exchange risk, credit risk, liquidity risk, and cash flow risk[56]. - The company has adopted internal control and risk management policies to ensure compliance with relevant laws and regulations[185]. - The board conducted an annual review of the risk management and internal control systems, ensuring their effectiveness[167]. Community Engagement - The company has a strong commitment to community investment, supporting various charitable services and encouraging employee participation in community service[95]. - The company donated 12 air purifiers to Wuhan Central Hospital and 3 to China Resources Wugang General Hospital during the COVID-19 pandemic[95].
威铖国际(01002) - 2021 - 年度财报