Financial Performance - The Group recorded total revenue of approximately HK$453.0 million for the year, representing a decrease of approximately HK$117.4 million or 20.6% year-over-year[11]. - Revenue from building construction, foundation works, and ancillary services decreased approximately 47.8% year-over-year[11]. - Revenue from construction waste handling services increased approximately 4.3% year-over-year[11]. - Revenue from the technical services segment was approximately HK$28.2 million, an increase of approximately 14.9% compared to the same period last year, representing an increase in the proportion of total revenue to 6.2% from 4.3%[11]. - Revenue from construction wastes handling services increased to approximately HK$234.3 million, up by HK$9.6 million from HK$224.7 million in 2020[27]. - Revenue from foundation and building construction works decreased to approximately HK$170.0 million, representing a 47.8% decline from HK$325.4 million in 2020[33]. - The Group recorded a revenue of approximately HK$453.0 million for the Year, representing a decrease of approximately 20.6% compared to HK$570.3 million for the corresponding period in 2020[64]. - The gross profit for the Year amounted to approximately HK$46.6 million, with a gross profit margin increase of 2.8 percentage points to 10.3% from 7.5% in the previous year[64]. - Other income, gains, and losses amounted to approximately HK$16.2 million, representing an increase of approximately 224.0% compared to HK$5.0 million for the corresponding period in 2020[64]. - Administrative and other operating expenses for the Year were approximately HK$104.1 million, an increase of approximately 13.9% compared to HK$91.4 million for the year ended 31 March 2020[64]. - The Group recorded a net loss of approximately HK$93.9 million for the Year, compared to a loss of approximately HK$61.6 million for the corresponding period in 2020, representing an increase in loss of approximately 52%[70]. Trust and Custody Services - OKLink Trust commenced the provision of trust and custody services and contributed approximately HK$1.4 million to the Group's revenue[11]. - Revenue generated from the provision of trust and custody services was approximately HK$1.4 million during the Year[62]. - The Group's trust and custody services were initiated through OKLink Trust during the year[25]. - The Group has implemented policies for Anti-Money-Laundering (AML) and Know-Your-Client (KYC) to mitigate risks associated with trust and custody services[85]. Blockchain Initiatives - The blockchain industry is experiencing favorable policy dividends, providing a conducive environment for companies with leading technology[14]. - OKLink Fintech launched "Chaintelligence," a tool for monitoring blockchain data and transaction behavior, aimed at assisting law enforcement[14]. - The Group plans to actively deploy blockchain infrastructure construction to support the development of the blockchain industry and enhance the real economy[16]. - The Group aims to strengthen its business transformation in financial technology and blockchain sectors, capitalizing on the rapid development of the blockchain industry[18]. - The blockchain-related products, including "Chaintelligence," are core to the Group's strategy and have gained popularity among authorities and financial institutions[108]. - The Group plans to optimize and upgrade blockchain-related products to provide asset security and anti-money laundering services[119]. Investment and Securities - The Group managed a portfolio of listed securities with a total market value of approximately HK$10.3 million as of March 31, 2021, up from approximately HK$4.6 million in 2020[54]. - Revenue from investment in securities was approximately HK$14.8 million, including a realized gain of approximately HK$4.2 million and a gain on fair value change of approximately HK$10.6 million[54]. - Previous investments in the blockchain industry generated approximately HK$14.8 million in gains this year[112]. Operational Highlights - The Group was awarded 6 new contracts with a total contract value of approximately HK$236.5 million during the year[39]. - As of March 31, 2021, the Group had 7 projects in progress with a total contract value of approximately HK$795.5 million[42]. - During the Year, the Group completed 10 projects with a total contract value of approximately HK$403.5 million[47]. - The Group's subsidiary, OKLink Fintech, launched the "On-Chain Eye" feature, providing free blockchain data monitoring and transaction visualization tools[17]. Management and Governance - The management team emphasizes the importance of corporate governance and compliance[140]. - The Company reviews its corporate governance practices regularly to meet stakeholder expectations and comply with regulatory requirements[153]. - The Board is committed to upholding high standards of corporate governance practices and business ethics[153]. - The Company has adopted principles of corporate governance to enhance efficiency and performance[156]. - The Company aims to enhance its market position through strategic appointments to its board[140]. Staff and Human Resources - As of March 31, 2021, the Group employed a total of 193 staff, down from 225 staff the previous year[120]. - Total staff costs for the year amounted to approximately HK$113.3 million, an increase from approximately HK$102.7 million the previous year[120]. Legal and Compliance - The Group is involved in various claims and legal proceedings, but does not expect any material adverse effect on its financial position or results of operations[76]. - The Company Secretary is responsible for ensuring compliance with the Listing Rules and the Companies Ordinance[150]. - The Company has complied with the Corporate Governance Code except for deviations regarding the roles of Chairman and Chief Executive Officer, which are held by the same individual, Mr. Ren Yunan[158]. Financial Position - The total assets of the Group's custody clients were approximately HK$108.2 million at the end of the Year[62]. - As at 31 March 2021, the Group had bank balances and cash of approximately HK$236.7 million, a slight decrease from approximately HK$239.6 million as of 31 March 2020[71]. - The gearing ratio of the Group as at 31 March 2021 was approximately 68.7%, an increase from approximately 59.0% as at 31 March 2020, mainly due to a decrease in total equity of approximately HK$81.6 million[71].
欧科云链(01499) - 2021 - 年度财报