Financial Performance - The securities business contributed approximately HKD 36 million in revenue and HKD 18.1 million in profit for the fiscal year ending March 31, 2021, compared to HKD 37.3 million and HKD 2.8 million respectively in the previous year[11]. - Total revenue for the fiscal year ended March 31, 2021, was approximately HKD 148,600,000, an increase from HKD 125,000,000 in the previous fiscal year[24]. - The securities business recorded segment revenue of approximately HKD 18,100,000, up from HKD 2,800,000 in the previous fiscal year[26]. - The fur business generated revenue of approximately HKD 23,400,000, a significant increase from HKD 2,000,000 in the previous fiscal year, with a profit of approximately HKD 3,900,000 compared to a loss of HKD 41,800,000 previously[29]. - The insurance brokerage segment generated revenue of approximately HKD 65,900,000, down from HKD 82,000,000 in the previous fiscal year, resulting in a loss of approximately HKD 6,100,000[27]. - Gross profit for the fiscal year was approximately HKD 95,900,000, with a gross margin of 64.5%, compared to HKD 40,900,000 and 32.7% in the previous year[33]. - The group recorded an annual loss of approximately HKD 8,400,000 for the fiscal year 2021, compared to a loss of approximately HKD 70,900,000 in the fiscal year 2020, indicating a significant improvement[41]. Business Growth and Development - The insurance brokerage division expanded its sales team by over 60%, acquiring 1,095 new clients and issuing over 1,587 policies, managing over 6,300 policies with an annualized first-year premium exceeding HKD 158 million[12]. - The asset management business generated HKD 13 million in revenue for the fiscal year, a substantial increase from HKD 50,000 in the previous year, indicating strong growth potential in this market[16]. - The company raised approximately HKD 448,000,000 to develop fund management and financial services businesses[18]. - The company acquired 70% of FGA Holdings Limited to enter the online business, leveraging the Forbes brand to attract investors in mainland China[20]. - The company aims to leverage the recovery in the Hong Kong stock market to enhance its brokerage income through increased trading activities[10]. Cost Management and Financial Health - The company implemented effective cost control measures, contributing to better-than-expected performance despite ongoing challenges[10]. - Interest income from lending business increased to approximately HKD 10,300,000, up by HKD 6,700,000 or 186.1% compared to HKD 3,600,000 in the previous year[17]. - Administrative expenses increased by approximately 4.7% from HKD 92,100,000 in the fiscal year 2020 to approximately HKD 96,400,000 in the fiscal year 2021, primarily due to an increase in employee numbers and professional fees[39]. - Financing costs rose to approximately HKD 9,200,000 in the fiscal year 2021 from approximately HKD 8,400,000 in the fiscal year 2020, driven by an increase in bond interest[40]. - The company will not distribute any dividends in the near future to reserve funds for business development due to its current financial situation[123]. Environmental, Social, and Governance (ESG) Initiatives - The ESG report covers the group's business activities in Denmark and Hong Kong, with key performance indicators based on operations directly controlled by the group[128]. - The board is responsible for monitoring and defining the group's ESG strategy, ensuring the effectiveness of its ESG policies[127]. - The company has established an ESG working group to systematically manage ESG issues and report to the board[127]. - The company is committed to integrating sustainability into its operations and aims to reduce environmental impacts through innovative energy consumption measures and waste reduction initiatives[141]. - The company has not reported any significant violations of environmental laws and regulations during the fiscal year 2021, including those in Hong Kong and Denmark[142]. - The company aims to enhance its environmental performance by continuously seeking opportunities to implement eco-friendly measures and reduce resource consumption[142]. Employee Management and Diversity - The company has a total of 76 full-time employees as of March 31, 2021[183]. - Employee turnover rates were reported at 59.52% for males and 63.89% for females, with a notable 111.11% turnover rate for employees under 30 years old[193]. - The group emphasizes the importance of diversity and equal opportunity in hiring practices, ensuring transparency and fairness for all candidates regardless of gender, race, age, or other demographic characteristics[200]. - The group is committed to providing equal opportunities in all aspects of employment and prohibits discrimination based on race, religion, color, gender, disability, age, birthplace, marital status, and sexual orientation[200]. - Employees who experience harassment or discrimination are encouraged to seek assistance from the Human Resources department, which will handle complaints confidentially and promptly[200].
京基金融国际(01468) - 2021 - 年度财报