Financial Performance - AUSupreme reported a revenue of HKD 100 million for the fiscal year ending March 31, 2020, representing a 15% increase compared to the previous year[3]. - The company reported a net profit of HKD 15 million, a 20% increase year-over-year, reflecting effective operational efficiencies[3]. - The company's revenue for the fiscal year ending March 31, 2020, was HKD 210,543,000, a decrease of 27.2% compared to HKD 289,329,000 in 2019[111]. - The net profit attributable to shareholders for the year was HKD 12,047,000, down 61.4% from HKD 31,210,000 in 2019[119]. - Revenue from health supplement products decreased by 26.3% to HKD 194,770,000, while personal care products and honey/pollen products saw declines of 37.9% and 31.8%, respectively[122]. - Basic earnings per share were HKD 0.016, down from HKD 0.0416 in 2019, based on the weighted average number of shares[128]. Market Expansion and Strategy - AUSupreme plans to launch two new product lines in the next fiscal year, focusing on health and wellness, which are expected to contribute an additional HKD 20 million in revenue[3]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 10% market share within the next three years[3]. - The company aims to continue expanding its domestic and international markets, striving to build a well-known health product brand in Asia[37]. - The company plans to expand its business into overseas markets, leveraging partnerships with local celebrities for brand promotion[113]. - Strategic resources are being concentrated on e-commerce development in Hong Kong and mainland China, with initiatives to enhance online sales through live streaming and key opinion leaders (KOLs)[144]. Product Quality and Compliance - The company has successfully passed SGS heavy metal testing for its products, ensuring compliance with international safety standards[3]. - The products are certified by the Australian Therapeutic Goods Administration (TGA) and manufactured in facilities that meet international GMP standards, receiving multiple awards including "Hong Kong Excellent Brand" and "Hong Kong Star Brand"[42][46]. - The company has achieved TGA certification, ensuring its products meet international GMP standards and WHO production quality levels[94]. - The company has passed major heavy metal safety tests, ensuring its deep-sea sourced products are free from contamination and meet international standards[95]. Corporate Social Responsibility - The company emphasizes a mission of integrity, justice, and care, aiming to create a supportive corporate culture and a fair business environment[43][50]. - The company has engaged in various charitable activities, including sponsoring educational and health initiatives, to improve community life and support underprivileged groups[57][61]. - In April 2019, the company organized its first charity run, donating funds to the Love Foundation to support better education and living conditions for left-behind children in China[62]. - The company actively participates in community support and charity events, enhancing its corporate social responsibility image[83]. Awards and Recognition - The company has been recognized with multiple awards, including the "Super MD" for ten consecutive years, highlighting its commitment to talent development and training[74]. - The company received the "Outstanding Listed Company Award," which acknowledges its market value and performance recognized by the capital market[76]. - The company was awarded the "Asia Excellent Brand" title, recognizing its innovative practices and leadership in brand development[80]. - The company has been awarded the "Hong Kong Excellent Brand" title, reflecting its continuous excellence in developing original brands[90]. - The company has been recognized for its high-quality service standards by the Hong Kong Tourism Board, reinforcing its reputation as a quality tourism city[96]. Operational Efficiency and Cost Management - The company has implemented stricter cost control measures in response to the fluctuating market conditions due to social unrest and COVID-19[119]. - The group's sales and distribution expenses decreased by 22.9% to HKD 139,173,000, primarily due to reduced consignment commissions[126]. - The group's income tax expense decreased by 59.8% to HKD 2,385,000, attributed to a decline in profit before tax[127]. - The company is focusing on cost reduction and operational efficiency in response to economic challenges posed by the COVID-19 pandemic[143]. Governance and Management - The board of directors emphasizes the importance of corporate governance, ensuring accountability and transparency in all business operations[166]. - The board held four meetings during the year, with all directors attending all meetings, achieving a 100% attendance rate[181]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance codes[184]. - The company encourages directors to participate in relevant training courses, with costs covered by the company[180]. - The chairman and CEO roles are held by the same individual, Mr. Cai Zhihui, which the board believes is in the best interest of the company[182].
澳至尊(02031) - 2020 - 年度财报