Financial Performance - Revenue for the fiscal year ended March 31, 2021, was HKD 410.5 million, an increase of 4.0% from HKD 394.3 million in the previous year[12] - Gross profit for the same period was HKD 124.0 million, representing a 18.2% increase compared to HKD 104.8 million in the prior year[12] - Profit before tax increased to HKD 43.2 million, up 39.2% from HKD 31.0 million in the previous year[12] - Net profit attributable to owners of the company was HKD 34.7 million, a significant increase of 48.8% from HKD 23.3 million in the previous year[12] - The company's net profit increased by 48.8% year-on-year for the fiscal year 2021, driven by strong growth in the core cybersecurity business[28] - Cybersecurity business revenue grew approximately 4.1% year-on-year, supported by rising demand for cybersecurity solutions and operational optimization measures[33] - The company's revenue increased from approximately HKD 394.3 million in the fiscal year 2020 to approximately HKD 410.5 million in the fiscal year 2021, representing a growth of about 4.1%[52] - Gross profit rose from approximately HKD 104.8 million in the fiscal year 2020 to approximately HKD 124.0 million in the fiscal year 2021, an increase of about 18.3%[53] - The gross profit margin improved from approximately 26.6% in the fiscal year 2020 to approximately 30.2% in the fiscal year 2021, reflecting the growth of higher-margin cybersecurity services[53] Assets and Liabilities - Non-current assets rose to HKD 144.7 million, an increase of 53.2% from HKD 94.5 million in the previous year[12] - Current assets slightly decreased to HKD 240.2 million from HKD 241.5 million in the previous year[12] - Total liabilities increased to HKD 240.7 million, up from HKD 223.1 million in the previous year[12] - The company reported a net asset value of HKD 144.2 million, an increase of 28.0% from HKD 112.9 million in the previous year[12] Cash Flow and Expenses - The cash flow from operating activities for the fiscal year 2021 was HKD 34,924,000, a decrease from HKD 42,414,000 in 2020[16] - The company's current ratio was 1.5 in 2021, down from 1.6 in 2020, indicating a slight decrease in liquidity[16] - Distribution and sales expenses increased by approximately HKD 2.9 million or 11.6% to approximately HKD 27.7 million in the fiscal year 2021[56] - Administrative and other expenses rose by approximately HKD 4.9 million or 10.2% to approximately HKD 53.4 million in the fiscal year 2021[57] - Financing costs decreased by approximately HKD 0.1 million or 7.7% to approximately HKD 1.4 million in the fiscal year 2021 due to lower interest rates[60] - Tax expenses increased by approximately HKD 1.2 million or 16.3% to approximately HKD 8.9 million in the fiscal year 2021, primarily due to an increase in taxable profits[61] Strategic Plans and Outlook - The company plans to continue expanding its market presence and invest in new product development[12] - The management indicated a positive outlook for the upcoming fiscal year, expecting further growth in revenue and profitability[12] - The company plans to continue investing in infrastructure and artificial intelligence capabilities to expand cybersecurity access for a broader customer base, particularly small and medium-sized enterprises[29] - The company aims to capitalize on long-term growth opportunities in the emerging digital asset ecosystem through strategic investments and innovation[29] - The company is optimistic about launching a virtual asset fund in the fiscal year 2022, following the acquisition of Lion Global[47] - The company plans to accelerate the adoption of cybersecurity solutions, leveraging its global partnerships and experience in email security[40] Research and Development - The company established a research and development department under the Lion Global Digital brand to drive innovation in its core business pillars[29] - The company invested approximately HKD 35 million in additional investments to support the growth of its financial services and investment business[35] - The establishment of the Lion Global Innovation Center aims to develop core auxiliary technologies for financial services and investment, indicating a commitment to innovation[38] - Research and development expenses increased by 10%, totaling $30 million, to support new technology initiatives[102] - The company is investing HKD 50 million in research and development for new technologies aimed at enhancing user experience[123] Corporate Governance - The board of directors emphasized the importance of sustainability initiatives, with a goal to reduce carbon emissions by 25% over the next five years[102] - The board has approved a dividend payout of HKD 0.05 per share, reflecting a commitment to returning value to shareholders[123] - The board of directors is committed to establishing sound corporate governance practices, believing that reasonable and robust governance is crucial for the group's development and the protection of shareholder interests[136] - The company complies with the corporate governance code and has adhered to its principles during the fiscal year, except for a specific deviation disclosed[136] - The company has established four board committees: Audit Committee, Remuneration Committee, Nomination Committee, and Investment Committee, each with clear written terms of reference[170] Board Composition and Meetings - The board consists of four executive directors, one non-executive director, and four independent non-executive directors, ensuring a balance of skills and experience[145] - The company’s nomination committee ensures that the board's composition maintains a balance of skills, experience, and diverse perspectives necessary for the company's business and development[145] - The board believes that the dual role of Chairman and CEO enhances the efficiency of overall business planning and decision-making[173] - The board has delegated daily operational responsibilities to the management team, with functions and responsibilities regularly reviewed[141] - The board of directors held a total of 6 meetings in the fiscal year, with all executive directors attending 100% of the meetings[165] Employee and Operational Insights - As of March 31, 2021, the company had 128 employees, an increase from 90 employees the previous year[94] - Employee costs for the fiscal year 2021 were approximately HKD 69.0 million, compared to HKD 59.4 million in the previous fiscal year[94] - The company has adopted share option and share incentive plans to provide motivation and rewards to employees[94]
安领国际(01410) - 2021 - 年度财报