Financial Performance - For the fiscal year ending March 31, 2021, the company recorded revenue of approximately HKD 134.4 million, a decrease of about 8.3% from approximately HKD 146.6 million in the previous year[6]. - The gross profit for the same period was approximately HKD 66.4 million, down about 12.8% from approximately HKD 76.1 million year-on-year[6]. - The net profit after tax increased to approximately HKD 27.6 million, representing a growth of about 6.4% compared to approximately HKD 25.9 million in the previous year[6]. - The company's net profit margin improved slightly to approximately 20.5%, compared to about 17.7% in the previous year[6]. - Revenue for the year ended March 31, 2021, was HKD 134,356,000, a decrease of 8.2% from HKD 146,551,000 in 2020[188]. - Gross profit decreased to HKD 66,384,000, down 12.8% from HKD 76,148,000 in the previous year[188]. - Other income increased significantly to HKD 8,890,000, compared to HKD 3,396,000 in 2020, representing a growth of 162.5%[188]. - Profit before tax rose to HKD 31,680,000, an increase of 3.5% from HKD 30,601,000 in the prior year[188]. - Net profit attributable to owners was HKD 27,583,000, up 6.4% from HKD 25,920,000 in 2020[188]. - Basic and diluted earnings per share increased to HKD 6.90, compared to HKD 6.48 in the previous year[188]. Revenue Breakdown - Revenue from the compliance documents segment was approximately HKD 35,700,000, maintaining relative stability compared to approximately HKD 34,300,000 from the previous year, accounting for about 26.5% of total revenue[9]. - Revenue from the debt issuance and IPO prospectus segment was approximately HKD 72,400,000, compared to approximately HKD 74,800,000 from the previous year, representing about 53.9% of total revenue[9]. - The revenue from the asset management services segment was approximately HKD 2,100,000, a decrease of about 21.6% from approximately HKD 2,600,000 in the previous year, accounting for about 1.5% of total revenue[13]. - The revenue from other services, including independent translation and design, increased by approximately 30.9% to about HKD 5,000,000, driven by increased market demand[13]. Expenses and Costs - Administrative expenses decreased from approximately HKD 30,200,000 to approximately HKD 24,900,000, primarily due to reductions in depreciation, employee costs, and legal fees[18]. - The group's service costs decreased from approximately HKD 70,400,000 to approximately HKD 68,000,000, a reduction of about 3.5%[15]. - The group's sales and distribution expenses decreased from approximately HKD 15,400,000 to approximately HKD 14,500,000, a decrease of about 5.6%[15]. - The group's income tax expense decreased from approximately HKD 4,700,000 to approximately HKD 4,100,000, mainly due to a reduction in taxable profits after deducting non-taxable government subsidies of approximately HKD 5,200,000[19]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.125 per share for the fiscal year, compared to no interim dividend in the previous year[7]. - The company has established a robust dividend policy to balance shareholder returns with long-term sustainable development[7]. - The company reported a total reserve available for distribution to shareholders of approximately HKD 121 million as of March 31, 2021, compared to HKD 93.4 million in 2020, representing a year-over-year increase of 29.5%[45]. - The company did not declare any interim dividends for the year ended March 31, 2021, while it declared a final dividend of HKD 0.125 per share[42]. Market and Economic Conditions - The ongoing COVID-19 pandemic and specific industry factors are expected to create uncertainties affecting the global economy and the financial printing industry[6]. - The company is preparing to seize new market opportunities, particularly focusing on initial public offering projects[6]. Governance and Management - The company has a strong governance structure with various committees including audit, remuneration, and nomination committees[33]. - The management team has extensive experience, with the CEO having over 25 years in management and business development[30]. - The CFO has over 29 years of experience in accounting, auditing, finance, and compliance[31]. - The independent non-executive director has over 23 years of experience in accounting and finance[33]. - The company has a diverse board with members having international qualifications and memberships in various accounting and governance organizations[33]. - The company emphasizes the importance of independent non-executive directors in providing independent judgment on strategy, policy, and performance[99]. Risk Management and Compliance - The company has established an effective risk management and internal control system, complying with the relevant codes[132]. - The board has reviewed the effectiveness of the risk management and internal control systems, finding them to be effective and adequate[146]. - The company has implemented measures to prevent insider trading and ensure accurate public disclosures[141]. - The internal audit function is independent and evaluates the risk management and internal control systems annually[145]. Shareholder Information - The company is required to hold a special general meeting upon the request of shareholders holding at least 10% of the paid-up capital[154]. - Shareholders can submit written inquiries to the board through the company secretary, ensuring transparency and communication[152]. - The company has established a shareholder communication policy to ensure timely and comprehensive information is provided to shareholders and investors[159].
优越集团控股(01841) - 2021 - 年度财报