Financial Performance - Revenue for the year ended June 30, 2021, was HK$139,069,000, a decrease of 5.9% from HK$146,944,000 in 2020[7] - Adjusted profit for the year was HK$5,669,000, an increase of 45.5% compared to HK$3,897,000 in 2020[7] - Attributable profit for the year was HK$5,689,000, up from HK$3,875,000 in 2020, representing a 46.7% increase[7] - The Group reported total revenue of approximately HK$139 million for the twelve months ended June 30, 2021, a decrease of approximately 5.4% compared to HK$147 million in the previous year due to changes in product mix and reduced marketing activities due to COVID-19[53] - Profit attributable to owners of the Company for the year ended June 30, 2021, was approximately HK$5.7 million, an increase from approximately HK$3.9 million in the previous year, primarily due to a 13.6% decrease in general and administrative expenses to HK$51.8 million[54] - Earnings per share increased to HK$2.62 cents compared to HK$1.94 cents for the previous year, reflecting improved profitability[54] Assets and Liabilities - Cash and cash equivalents as of June 30, 2021, were HK$118,848,000, an increase of 24.5% from HK$95,472,000 in 2020[7] - Total assets as of June 30, 2021, amounted to HK$216,680,000, up 16.3% from HK$186,243,000 in 2020[7] - Equity as of June 30, 2021, was HK$107,663,000, a significant increase from HK$52,821,000 in 2020[7] - Current assets to current liabilities ratio improved to 1.95 from 1.91 in 2020[7] - As of June 30, 2021, the Group had approximately HK$119 million in liquid assets, an increase from approximately HK$95 million in 2020, reflecting a growth of about 25.3%[106] - Current assets were approximately HK$178 million, up from approximately HK$154 million in 2020, indicating a growth of about 15.6%[106] - The Group maintained net current assets of approximately HK$87 million, compared to HK$74 million in 2020, representing an increase of approximately 17.6%[106] - The Group had no borrowings as of June 30, 2021, maintaining a zero gearing ratio, consistent with the previous year[106] Cost Management - Distribution costs for the year were approximately HK$25.7 million, a decrease of about 5.5% from approximately HK$27.2 million in the previous year, impacted by COVID-19 restrictions on travel and the cancellation of trade shows[54] - General and administrative expenses decreased by approximately 13.6% to about HK$51.8 million, down from approximately HK$59.9 million in the previous year, due to prudent cost control and unfilled vacant positions[54] - The decrease in distribution and administrative costs reflects the Group's strategic focus on cost management during challenging market conditions[54] - The Group's performance highlights resilience in profitability despite a decline in revenue, showcasing effective expense management strategies[54] Business Strategy and Outlook - The company plans to focus on multi-directional business expansion as a strategy to adapt to ongoing challenges[18] - The company has taken active measures to overcome difficulties posed by the global pandemic[18] - The management anticipates a negative impact on sales order intake performance due to the COVID pandemic, despite a projected UK economic growth of 6.6% in 2021 and 5.4% in 2022[19] - The Group anticipates business normalization as the pandemic subsides, suggesting a positive outlook for future operations[53] - Future growth may be supported by potential market expansion and new product developments as conditions improve post-pandemic[53] Product Development and Innovation - The company is developing "Project Aurora," a microservices platform expected to launch "Aurora Messaging" in 2022, providing a device-agnostic messaging solution[25] - The initial deliverable from "Project Aurora" will be a cloud-first solution optimized for deployment across multiple regions[25] - Continuous investment in new product development includes the introduction of the ATEX variant to EkoSecure Pager, enhancing safety in explosive risk environments[61] - The new generation of EkoTek® Hubs is set to be released in Q4 2021, increasing the potential size and capability of EkoTek® installations[61] - Multitone's i-Message platform offers a proven ecosystem for critical and non-critical integrated communications, improving efficiencies and response times significantly[61] - The company is adding new features to its RF paging solutions, including Wi-Fi call acknowledgment, to extend the life of legacy products, with a release planned for Q2 2022[76] Market Position and Expansion - Multitone is a market leader in radio security systems and lone-worker solutions, particularly in Germany, Europe's largest economy[39] - The company is expanding its successful German solutions to other European countries with similar market characteristics[40] - The UK market outlook remains positive, benefiting from a robust vaccination program and the removal of many restrictions, allowing businesses to thrive[27] - The UK public sector, including the NHS, is seeing increased funding commitments from the government, enhancing opportunities for Multitone[78] - Multitone is well-positioned to support NHS customers with cloud-first and hybrid solutions as part of the NHS long-term plan[79] Risks and Challenges - The emergence of new virus variants remains a downside risk, although the economy has adapted to social distancing measures[24] - The economic forecasts predict that the UK economy will be several percentage points smaller in 2030 due to Brexit-related impacts[19] - Brexit has caused short-term disruptions in the supply chain due to increased border controls, with long-term economic impacts expected for the UK[68][71] Governance and Management - The Group's financial results for the year ended June 30, 2021, are detailed in the consolidated statement of profit or loss and other comprehensive income[191] - No dividend was recommended for the year ended June 30, 2021, with capital reserved for business expansion and future investment opportunities[191] - The Group emphasizes environmental protection and energy conservation to enhance sustainable development capabilities[178] - The Company will publish an Environmental, Social and Governance (ESG) Report within five months after the end of the financial year[179] - The Group provides on-the-job training and development opportunities to enhance employees' career progression[189] - The Group's financial risk management objectives and policies are outlined in note 5 to the consolidated financial statements[177]
看通集团(01059) - 2021 - 年度财报