Financial Performance - The company recorded revenue of approximately HKD 78.5 million for the fiscal year ending June 30, 2019, a decrease of about 3.6% compared to HKD 81.4 million in the previous fiscal year[14]. - The profit for the year was approximately HKD 38.9 million, down about 7.8% from HKD 42.2 million for the year ending June 30, 2018[14]. - The group's revenue for the year was approximately HKD 78.5 million, a decrease of about 3.6% compared to HKD 81.4 million for the previous year[20]. - Profit attributable to equity holders for the year was approximately HKD 38.9 million, down about 7.8% from approximately HKD 42.2 million in the previous year[20]. - Revenue from healthcare staffing solutions decreased by approximately HKD 4.4 million, primarily due to reduced demand from individual clients[20]. - Other income decreased by approximately 17.5% to about HKD 3.3 million from approximately HKD 4 million in the previous year[28]. - Profit for the year was approximately HKD 38,900,000, a decrease of approximately HKD 3,300,000 or about 7.8% compared to approximately HKD 42,200,000 for the year ended June 30, 2018, attributed to a revenue decline from approximately HKD 81,400,000 to approximately HKD 78,500,000, a decrease of about 3.6%[34]. Business Operations - Revenue from outreach case assessment services grew by approximately 23.7%, reaching about HKD 4.7 million, driven by increased demand for medical and health assessment services[26]. - The group acquired 70% of the issued share capital of a medical center, diversifying its business operations[16]. - Revenue from operating a plastic surgery clinic in Hong Kong was approximately HKD 600,000, with no revenue reported in the previous year[27]. - The group aims to expand its business scope by establishing new partnerships and operating medical beauty clinics[22]. - The board remains optimistic about the long-term growth of the core business due to the increasing elderly population and ongoing hospital development plans[21]. Employee and Management - The number of registered healthcare personnel increased to over 20,000, representing a growth of about 5% from approximately 19,000 the previous year[21]. - Employee benefits expenses decreased from approximately HKD 21,100,000 for the year ended June 30, 2018, to approximately HKD 18,000,000 for the current year, primarily due to other losses of approximately HKD 900,000 related to misappropriation of funds and the resignation of key management personnel[31]. - As of June 30, 2019, the group employed a total of 52 employees, an increase from 38 employees in 2018[54]. - Total employee costs for the year amounted to approximately HKD 18,000,000, down from HKD 21,100,000 in 2018[54]. - The company granted stock options for a total of 8,000,000 ordinary shares under its stock option plan as of June 30, 2019, compared to none in 2018[54]. Governance and Compliance - The board of directors is responsible for leading and monitoring the company's management and business affairs[70]. - The board consists of executive and independent non-executive directors, with specific roles assigned to each member[74]. - The company appointed Mr. Wang Ganwen as an independent non-executive director and chairman of the audit committee, effective January 9, 2019[75]. - The company has fully complied with the listing rules after appointing the new independent non-executive directors[76]. - The company engages in significant decision-making regarding major policies, overall strategy, business planning, and annual budgets[70]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's interim and annual consolidated financial statements, confirming compliance with applicable accounting standards[90]. - The company has adopted a board diversity policy to ensure a balanced mix of skills, experience, and perspectives among board members[109]. - The company emphasizes equal opportunity principles in its business practices, ensuring no discrimination based on various factors[109]. Risk Management and Internal Controls - The company has implemented a risk management system that includes identifying, assessing, and managing risks related to its operations and compliance with applicable laws[141]. - The board adopted a risk management system policy and assessment plan, reviewing the adequacy and effectiveness of risk management and internal control systems[148]. - No significant control deficiencies were found, and the board believes that the risk management and internal control systems are effective and adequate[148]. - The company has engaged an external professional consultant for independent internal control reviews since January 2019, as it did not establish an internal control department[138]. Environmental and Social Responsibility - The group emphasizes sustainable development as a core part of its business strategy, balancing stakeholder interests and promoting positive social impact[165]. - The group has implemented various policies to manage and monitor environmental, employment, operational, and community-related risks[165]. - The group aims to enhance its sustainable development performance through energy-saving and emission-reduction measures[178]. - The group encourages employees to use alternative communication methods to reduce air pollution from transportation[179]. - The company emphasizes resource efficiency through green office practices and employee engagement in resource conservation activities[185]. - Employee welfare includes competitive salaries, medical insurance, and a five-day work week, contributing to a positive work environment[192]. - The company prioritizes employee health and safety, adhering to occupational safety regulations to maintain a safe working environment[197]. - There were no work-related deaths or injuries reported during the reporting period, indicating a strong safety record[199].
百本医护(02293) - 2019 - 年度财报