Financial Performance - The company recorded revenue of approximately HKD 72.3 million for the fiscal year ending June 30, 2020, a decrease of about 7.9% compared to HKD 78.5 million for the previous year[6] - Profit attributable to equity holders for the year was approximately HKD 30.7 million, down about 21.1% from approximately HKD 38.9 million in the previous year[6] - Revenue from healthcare staffing solutions was approximately HKD 66.9 million, a decrease of about 8.6% compared to HKD 73.2 million in the previous year[13] - The group's total revenue for the year was approximately HKD 72.3 million, a decrease of about 7.9% from approximately HKD 78.5 million for the year ended June 30, 2019[18] - Revenue from healthcare staffing solutions was approximately HKD 66.9 million, down about 8.6% from HKD 73.2 million in the previous year[18] - Other income rose by approximately HKD 1.9 million or about 57.6%, increasing from approximately HKD 3.3 million to about HKD 5.2 million[21] - The group's net profit margin decreased from approximately 49.6% to about 42.5%[27] - The group maintained cash and cash equivalents of approximately HKD 101.6 million as of June 30, 2020, down from HKD 118.7 million in the previous year[33] - The group’s income tax expense decreased by approximately 32.9% to about HKD 5.5 million from approximately HKD 8.2 million[26] Business Expansion and Diversification - The company established a joint venture in Singapore to provide customized healthcare staffing solutions, indicating a strategy for market expansion[7] - The acquisition of a company, Yide Medical Center Limited, was made to explore the potential of operating beauty clinics in Hong Kong, reflecting diversification efforts[7] - Future plans include expanding business scope and diversifying services to enhance shareholder value sustainably[8] Workforce and Employee Management - The number of registered healthcare personnel under the group increased by 10% to approximately 22,000, compared to 20,000 in the previous year[6] - The total employee cost for the year was approximately HKD 24.1 million, an increase from HKD 18 million in the previous year, with the number of employees rising from 52 to 75[50] - 100% of employees received training, with average training hours of 67.5 for males and 72.0 for females[185] - The workforce composition shows a gender distribution of 29% male and 71% female, with 12% in senior management positions[172] - Employee turnover rate by gender: 67% for males and 30% for females[178] - Employee turnover rate by age group: 92% for those aged 30 or below, 40% for those aged 41-50, and 67% for those aged 51 and above[178] - Overall employee turnover rate is 41%[178] - The company prioritizes employee health and safety, ensuring compliance with occupational safety regulations[179] - No work-related deaths or injuries were reported during the reporting period[183] Corporate Governance - The board of directors consists of 6 members, including 1 executive director and 5 independent non-executive directors[60] - The audit committee, composed of 3 independent non-executive directors, reviewed the group's interim and annual consolidated financial statements[73] - The remuneration committee, also with 3 independent non-executive directors, recommended compensation policies based on market benchmarks and individual performance[77] - The chairman and CEO, Ms. Xi Xiaozhu, plays a key role in overseeing and managing the group's business and strategic planning[61] - The company held 6 board meetings in the year, with all directors attending at least 6 out of 6 meetings[68] - The independent non-executive directors confirmed their independence in accordance with the relevant listing rules[66] - The board is committed to maintaining high standards of corporate governance and transparency, ensuring the overall interests of shareholders[106] - The board has reviewed the company's corporate governance policies and practices during the year[104] Risk Management and Compliance - An independent internal control review was completed for the year ending June 30, 2020, to assess the effectiveness of the risk management and internal control systems[115] - The company has established a risk management system to identify, assess, and manage risks associated with its operations[116] - The internal control system includes a defined organizational structure and comprehensive policies to ensure adequate segregation of duties[119] - The company has not discovered any significant control deficiencies, and the board believes the risk management and internal control systems are effective and adequate[124] - The group is committed to maintaining high standards of business ethics and integrity[200] - The group strictly adheres to the Prevention of Bribery Ordinance (Chapter 201) and prohibits any form of corruption, extortion, bribery, fraud, money laundering, and embezzlement[200] - There are no reported incidents of bribery or corruption within the group[200] - Regular training sessions on anti-corruption policies are conducted for all staff members[200] Environmental, Social, and Governance (ESG) Initiatives - Sustainable development is an essential part of the company's business strategy, focusing on economic and environmental sustainability while considering stakeholder interests[140] - The company has implemented various policies to manage and monitor risks related to the environment, employment, operational practices, and community[140] - The environmental, social, and governance report outlines the group's performance in corporate social responsibility, focusing on significant operational impacts[135] - Total greenhouse gas emissions decreased from 96.29 metric tons CO2 equivalent in 2019 to 33.14 metric tons CO2 equivalent in 2020, a reduction of approximately 65.5%[157] - Scope 2 emissions saw a significant drop from 90.92 metric tons CO2 equivalent in 2019 to 27.78 metric tons CO2 equivalent in 2020, representing a decrease of about 69.5%[157] - The company has implemented measures to reduce paper consumption, including reducing the thickness of printing paper from 80gsm to 70gsm[158] - The company actively encourages employees to use teleconferencing and video conferencing to reduce air pollution from transportation[153] - The company emphasizes stakeholder engagement to understand expectations and concerns, which aids in making informed decisions and managing impacts[146] Shareholder Communication - The company maintains ongoing communication with shareholders through annual and special meetings, as well as regular updates on business developments and financial performance[130] - The company ensures that all individual agenda items presented at shareholder meetings have separate resolutions[131] - The company has a dedicated investor communication policy to keep investors informed about relevant business updates[132] - The company encourages shareholders to communicate regarding public information and inquiries about the group[132]
百本医护(02293) - 2020 - 年度财报