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银涛控股(01943) - 2021 - 年度财报
SILVER TIDESILVER TIDE(HK:01943)2021-07-27 08:33

Financial Performance - Revenue for the fiscal year 2020/21 was approximately HKD 437.2 million, a slight decrease from HKD 437.8 million in the fiscal year 2019/20[11]. - The group recorded a profit attributable to owners of the parent of approximately HKD 14.1 million for the fiscal year 2020/21, compared to a loss of approximately HKD 13.7 million in the previous fiscal year[11]. - Gross profit for the fiscal year 2020/21 was approximately HKD 17.6 million, representing an increase of approximately 108.4% compared to the previous fiscal year[18]. - Basic earnings per share for the fiscal year 2020/21 were approximately HKD 0.014, compared to a basic loss per share of approximately HKD 0.015 in the previous fiscal year[18]. - Other income and gains rose significantly from approximately HKD 1.8 million in the fiscal year 2019/20 to approximately HKD 15.8 million in the fiscal year 2020/21, an increase of approximately 760.5%[29]. - Administrative expenses decreased from approximately HKD 23.8 million in the fiscal year 2019/20 to approximately HKD 18.3 million in the fiscal year 2020/21, a reduction of about 23.4%[30]. - Financing costs decreased from approximately HKD 1.1 million in the fiscal year 2019/20 to approximately HKD 0.2 million in the fiscal year 2020/21, a decline of about 77.5%[31]. - The group reported a net income of approximately HKD 86.8 million from the IPO proceeds as of March 31, 2021[87]. Business Strategy and Expansion - The company plans to diversify its business and revenue sources, including entering the Hong Kong financial and securities market[12]. - The company has entered into an agreement to acquire 100% of the issued share capital of Huanghe Securities Limited for HKD 11 million, paid in cash[12]. - The company plans to keep its compensation competitive to attract and retain talented employees[50]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[69]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase customer base by 30%[69]. - New product launches are expected to contribute an additional HKD 200 million in revenue, with a focus on innovative technology solutions[69]. - The company plans to implement new marketing strategies aimed at increasing brand awareness, with a budget allocation of HKD 50 million[69]. Operational Efficiency and Cost Control - The company will implement strict cost control measures and improve operational efficiency to enhance competitiveness in the face of challenges in the construction industry[12]. - The management team emphasized the importance of maintaining cost control, aiming for a reduction in operational costs by 5%[69]. - The group plans to deploy labor and resources according to project progress to manage cash flow effectively[100]. - The group has established a template design phase for early planning to reduce costs and labor requirements[101]. Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of chairman and CEO[52]. - The company has established corporate governance practices detailed in the annual report[148]. - The board of directors consists of three executive directors and three independent non-executive directors, ensuring a balance of skills and experience[158]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific areas of the company's affairs[168]. - The company emphasizes the importance of board diversity in its nomination process, considering various factors such as gender, age, and professional experience[180]. - The nomination committee is responsible for implementing, monitoring, and regularly reviewing the board diversity policy, with a commitment to appoint at least two female candidates to the board within three years from the listing date, ensuring they represent at least 25% of the board[197]. Risk Management - The group faces operational risks due to potential project delays caused by adverse weather and socio-political conditions, which may impact financial performance[98]. - Regular cash flow analysis is conducted to mitigate financial liquidity pressures, ensuring timely payments from clients[98]. - The board is not aware of any significant uncertainties that may cast doubt on the company's ability to continue as a going concern[200]. Employee and Stakeholder Relations - The company employed 45 staff as of March 31, 2021, an increase from 35 staff on March 31, 2020[50]. - There were no significant disputes with suppliers, customers, or stakeholders during the review year[107]. - All directors confirmed compliance with the standards of the securities trading code during the 2020/21 financial year[156]. Dividend and Shareholder Information - The board has recommended not to declare any final dividend for the fiscal year 2020/21[19]. - The company is committed to enhancing shareholder value, with plans to increase dividends by 10% in the upcoming fiscal year[69]. - The group has approximately HKD 236,026,000 available for distribution as reserves as of March 31, 2021[112]. - The top five customers accounted for approximately 97.3% of total revenue, with the largest single customer contributing 64.0% in the fiscal year 2020/21[140].