Financial Performance - The company reported a revenue of HKD 129.588 million for the fiscal year ending March 31, 2021, compared to HKD 30.964 million in the previous year, representing an increase of 318%[15]. - The pre-tax loss for the fiscal year was HKD 286.497 million, an improvement from a loss of HKD 436.317 million in the prior year[21]. - The loss attributable to shareholders for the year was HKD 281.028 million, compared to a loss of HKD 336.784 million in the previous year[15]. - Total assets as of March 31, 2021, were HKD 9.969 billion, an increase from HKD 9.226 billion in the previous year[16]. - Total liabilities increased to HKD 5.533 billion from HKD 4.797 billion year-over-year[16]. - The company's equity attributable to shareholders was HKD 4.363 billion, slightly down from HKD 4.363 billion in the previous year[16]. - The group recorded revenue of HKD 129.6 million, an increase of approximately 319% compared to last year's HKD 31 million[23]. - The group reported a pre-tax loss of HKD 286.5 million for the fiscal year, improved from a loss of HKD 436.3 million the previous year[23]. - The attributable loss to shareholders for the year was HKD 281 million, compared to a loss of HKD 336.8 million last year[23]. Property Sales and Rental Income - Property sales contributed HKD 124.669 million to revenue, significantly up from HKD 29.601 million in the previous year[18]. - Rental income increased to HKD 4.919 million from HKD 0.910 million year-over-year[18]. - Property sales contributed HKD 1.247 billion to revenue, a 321% increase from last year's HKD 296 million, with total delivered area of 14,750 square meters, up 361% from 3,200 square meters last year[50]. Debt and Liabilities - The company's net debt increased to HKD 2.4574 billion, up from HKD 1.1489 billion last year, with the net debt to total equity ratio rising from 26% to approximately 55%[62]. - Total bank and other borrowings reached HKD 2.8957 billion, compared to HKD 1.9879 billion last year, with short-term borrowings now accounting for 68% of total borrowings[63]. Employee and Management - As of March 31, 2021, the group employed approximately 85 staff members, down from 100 in 2020, with employee costs around HKD 58 million, slightly decreased from HKD 59 million in 2020[69]. - The overall employee turnover rate for the fiscal year 2021 was approximately 19.46%, with 18 employees leaving the company[115]. - The company employed 10 senior management personnel, 47 middle management personnel, and 28 general staff as of 2021[113]. - The average training hours per employee in the fiscal year 2021 was approximately 44.95 hours, with male employees averaging 43.13 hours and female employees averaging 47.32 hours[129]. - 100% of employees across all categories, including senior management, middle management, and ordinary employees, participated in training programs[129]. Environmental, Social, and Governance (ESG) - The board is responsible for overseeing the group's environmental, social, and governance (ESG) policies, while senior management executes related policies and measures[77]. - The group has established a framework for assessing and managing significant ESG-related risks and opportunities[76]. - The total greenhouse gas emissions for the year 2021 were 51.93 tCO2 equivalent, a decrease of 32.1% from 76.45 tCO2 equivalent in 2020[91]. - The total water consumption in 2021 was 776.3 tons, down 33.9% from 1,176.3 tons in 2020[99]. - The company aims to achieve carbon neutrality by 2060, aligning with China's national goals for climate management[108]. Corporate Governance - The board consists of nine members, including four executive directors, two non-executive directors, and three independent non-executive directors[173]. - The board held a total of seven meetings during the reporting period to review and approve annual and interim results, as well as significant investments and corporate transactions[182]. - The company regularly reviews its corporate governance policies and practices to ensure compliance with legal and regulatory requirements[184]. - The board is committed to maintaining a diverse composition and regularly assesses the skills and experience required to meet the group's business needs[173]. Compliance and Ethics - The company has not encountered any incidents of child labor or forced labor within its workforce during the fiscal year[132]. - The company has maintained a strong internal control system and is committed to transparency and accountability for all shareholders[169]. - A total of 41 employees participated in anti-corruption and anti-money laundering training, highlighting the company's commitment to compliance and ethical standards[148].
沿海家园(01124) - 2021 - 年度财报