Financial Performance - LEAP Holdings Group reported a revenue of HKD 150 million for the fiscal year 2019, representing a 10% increase compared to the previous year[10]. - The company achieved a net profit of HKD 30 million, which is a 15% increase year-over-year[10]. - Revenue increased by approximately 22.2% from approximately HK$298.6 million for the year ended 31 March 2018 to approximately HK$364.9 million for the Year[33]. - The Group recorded a net loss of approximately HK$27.2 million for the Year, compared to a profit of approximately HK$25.4 million for the corresponding period in 2018[50]. - Other income, gains, and losses amounted to approximately HK$4.0 million during the Year, compared to HK$2.7 million in 2018[39]. - Administrative and other operating expenses increased by approximately 37.4% to approximately HK$53.3 million, primarily due to additional staff costs and increased rental expenses[40]. - Finance costs increased by approximately 137.9% from approximately HK$2.9 million to approximately HK$6.9 million, mainly due to accrued interests on a loan from a related party[46]. Revenue Sources - The Group's major sources of revenue include foundation works, construction wastes handling services, money lending business, and investments in securities in Hong Kong[11]. - Revenue from foundation works and ancillary services amounted to approximately HK$258.2 million, representing an increase of 69.4% compared to HK$152.4 million for the year ended 31 March 2018[11]. - Revenue from construction wastes handling services was approximately HK$104.6 million, an increase of approximately HK$5.0 million compared to HK$99.6 million for the year ended 31 March 2018[11]. Operational Highlights - User data indicated a growth in active clients by 20%, reaching a total of 5,000 clients by the end of 2019[10]. - The management highlighted the successful launch of two new products in 2019, contributing to 30% of total revenue[10]. - The Group was awarded 7 new contracts with a total contract value of approximately HK$495.0 million during the year[17]. - As of 31 March 2019, the Group had 16 projects in progress with a total contract value of approximately HK$874.7 million[20]. - The Group completed 5 projects with a total contract value of approximately HK$153.85 million during the Year[26]. Strategic Outlook - The management provided a positive outlook for 2020, projecting a revenue growth of 12% to 15% driven by new product launches and market expansion[10]. - LEAP Holdings aims to enhance its corporate governance practices, with new policies set to be implemented in 2020[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[10]. - LEAP Holdings is considering strategic acquisitions to bolster its service offerings, with a budget of HKD 50 million allocated for potential mergers and acquisitions[10]. Financial Health - The company reported a cash flow from operations of HKD 40 million, indicating strong liquidity and financial health[10]. - As of March 31, 2019, the Group had cash and cash equivalents of approximately HK$332.5 million, a slight increase from HK$330.6 million as of March 31, 2018[59]. - The gearing ratio of the Group as of March 31, 2019, was approximately 42.1%, up from 38.2% as of March 31, 2018, primarily due to accrued interests on a loan from a related party[60]. Corporate Governance - The Board is committed to high standards of corporate governance practices, which are crucial for improving efficiency and safeguarding shareholder interests[106]. - The company reviews its corporate governance practices regularly to meet stakeholder expectations and comply with regulatory requirements[106]. - The Company aims to fulfill its commitment to corporate governance excellence amidst increasingly stringent regulatory requirements[106]. - The Board comprises eight members, including three executive Directors, two non-executive Directors, and three independent non-executive Directors[134]. - The Company has adopted a code of conduct for Directors' securities transactions that meets or exceeds the standards set out in the Model Code[115]. Management and Directors - Mr. Ren serves as the executive director, chairman, and CEO of the company, with a legal background and experience in various listed companies[84]. - Mr. Pu has extensive experience in brand management, media, marketing, and financial services, having worked for OKCoin Technology Company Limited since April 2019[78]. - The company has several wholly-owned subsidiaries managed by its directors, enhancing operational efficiency[89]. - The Nomination Committee identifies candidates with appropriate expertise and experience for the appointment of new Directors[168]. - The Company aims to maintain a diverse Board in terms of skills, experience, knowledge, expertise, culture, independence, age, and gender[185].
欧科云链(01499) - 2019 - 年度财报