Financial Performance - The Group recorded revenue of approximately HK$175.2 million for FY2021, an increase of approximately 91.7% from HK$91.4 million in FY2020[22]. - The financial year ended 31 March 2021 marked a significant recovery in revenue, indicating a positive trend for the Group's operations moving forward[22]. - The Group recorded total revenue of approximately HK$175.2 million for FY2021, representing an increase of approximately 91.7% compared to approximately HK$91.4 million in FY2020[34]. - Revenue from the gold-laden carbon processing business was approximately HK$135.1 million, contributing approximately 77.1% of the Group's total revenue, compared to approximately HK$2.1 million in FY2020[34]. - The Outsourced Business Process Management segment contributed approximately 19.2% of total revenue, with revenue decreasing by approximately 60.2% from approximately HK$84.5 million in FY2020 to approximately HK$33.6 million in FY2021[34]. - The money lending business generated revenue of approximately HK$6.5 million, an increase from approximately HK$4.9 million in FY2020[34]. - The Group reported a net loss attributable to owners of approximately HK$10.5 million for FY2021, a decrease from approximately HK$11.9 million in FY2020[35]. Business Strategy and Operations - The core business of the Group shifted to gold processing, with a production line established in Yunnan province, PRC, for extracting gold and other precious metals from gold-laden carbon[14]. - The Group expects gold prices to increase further due to economic recovery and geopolitical uncertainties, which will enhance the profitability of its gold processing business[15]. - The Company aims to diversify revenue channels by engaging in trading of gold and other precious metals to achieve sustainable growth in the coming years[16]. - The Group aims to explore new procurement and revenue channels in the gold-laden carbon processing market[30]. - The Group plans to expand its gold-laden carbon processing and the sale of gold and other precious metals business in 2021[62]. - The Group is exploring new business development opportunities, particularly in gold processing and sales, to diversify revenue sources and enhance shareholder returns[68]. Financial Position and Capital Management - The Group's bank and cash balances as of 31 March 2021 were approximately HK$32.3 million[40]. - The gearing ratio of loans against total equity as of 31 March 2021 was 57.3%[43]. - The Group entered into an unsecured loan agreement with a principal amount of approximately HK$8.9 million at a fixed interest rate of 3.5% per annum[41]. - The group entered into an unsecured loan agreement with an independent third party for HK$13.6 million at an annual interest rate of 14.5%, due on September 5, 2020, and is currently negotiating an extension[45]. - The debt-to-equity ratio as of March 31, 2021, was 57.3%[45]. - The group completed a placing of up to 473,257,309 new shares at HK$0.067 per share, with a total of 429,870,000 new shares issued, generating net proceeds of approximately HK$28.40 million[52][53]. - The Group's capital expenditure contracted but not provided for the acquisition of property, plant, and equipment amounted to approximately HK$Nil as of March 31, 2021, compared to HK$2,296,000 on March 31, 2020[70][76]. Governance and Management - The Company appreciates the contributions of its directors and staff, emphasizing the importance of their support for corporate growth and shareholder returns[17]. - The company has a diverse board with members holding degrees in finance, management, accounting, and law, enhancing its governance and strategic decision-making capabilities[110]. - The company has appointed independent non-executive directors to ensure compliance and enhance corporate governance practices[106]. - The management team includes professionals with significant experience in various sectors, contributing to the company's strategic direction and operational efficiency[110]. - The company is focused on expanding its market presence and enhancing its financial management capabilities through experienced leadership[105]. Risk Management - Key operational risks include high staff turnover rates, particularly among key operational staff, and potential crises disrupting business[98]. - Financial risks include liquidity risk, foreign exchange rate risk, and credit risk, with measures in place to monitor and mitigate these risks[92][96]. - The Group has complied with relevant laws and regulations that significantly impact its business operations during FY2021[74][79]. Shareholder Information - Approximately 78% of the Group's total turnover was attributable to its five largest customers, with the largest customer accounting for about 56% of total turnover[141]. - The Group's five largest customers accounted for approximately 78% of total revenue, with the largest customer representing about 56%[149]. - The Group's five largest suppliers contributed approximately 100% of total purchases, with the largest supplier accounting for about 84%[151]. - As of March 31, 2021, the Company had no distributable reserves[145]. - The Company maintained Directors' and officers' liability insurance throughout the year to cover legal actions arising from corporate activities[162]. - The Company had no significant contracts with controlling shareholders during the year[175]. - As of March 31, 2021, Liu Shiwei held 602,373,895 shares, representing 21.54% of the company's total shareholding[183]. - Liu Shiwei also had a short position of 503,669,620 shares, accounting for 18.01% of the total shares[183]. - Shanghao Limited, controlled by Tsang Ho Kwan, held 503,669,620 shares, also representing 18.01% of the total shareholding[183]. Employee and Environmental Commitment - The Group employed approximately 60 employees as of March 31, 2021, and continues to review remuneration packages based on market conditions and individual performance[71][77]. - The Group is committed to environmental sustainability and promotes awareness of environmental protection among employees[83][87].
胜龙国际(01182) - 2021 - 年度财报