鹰美(02368) - 2021 - 年度财报

Financial Performance - Revenue for the fiscal year ended March 31, 2021, was HKD 3,249 million, an increase of 7.7% from HKD 3,017 million in 2020[5] - Profit attributable to owners of the company for the fiscal year was HKD 314 million, representing a 40.8% increase from HKD 223 million in the previous year[5] - Basic earnings per share increased to HKD 0.589 from HKD 0.420, reflecting a growth of 40.2%[5] - The company's total sales increased by 7.7% to HKD 3,248,900,000, compared to HKD 3,017,100,000 in the previous year, representing an increase of HKD 231,800,000[16] - Gross profit rose by 21.3% to HKD 652,400,000, with a gross profit margin increasing from 17.8% to 20.1%[16] - The company's profit before tax increased by 43.1% to HKD 422,400,000, with a profit before tax margin rising from 9.8% to 13.0%[16] - Net profit attributable to shareholders was HKD 313,600,000, up 40.3% from HKD 223,500,000, with a net profit margin increasing from 7.4% to 9.7%[18] - Total comprehensive income for the year was HKD 435,949, significantly up from HKD 136,157 in 2020[139] Assets and Liabilities - Total assets as of March 31, 2021, amounted to HKD 2,573 million, up from HKD 2,374 million in 2020, indicating an 8.4% increase[5] - The company's bank loan amount was HKD 975,900,000, an increase from HKD 873,300,000 in the previous year, with utilized loans at HKD 428,400,000[19] - Total liabilities increased to HKD 1,551,073,000 in 2021 from HKD 1,322,604,000 in 2020, an increase of 17.3%[43] - Current assets increased to HKD 1,448,506,000 in 2021, up from HKD 1,235,763,000 in 2020, representing a growth of 17.2%[43] - The net current asset value rose significantly to HKD 492,131,000 in 2021, compared to HKD 246,492,000 in 2020, marking a 99.7% increase[43] Dividends and Shareholder Returns - The company plans to pay a final dividend of HKD 0.12 per share, up from HKD 0.09 per share last year, resulting in a total dividend payout ratio of 71.3%[18] - The board's dividend policy aims to balance shareholder expectations with sufficient capital retention for business development and operations[120] - The interim dividend for 2021 was HKD 159,600,000, following a final dividend of HKD 47,880,000 for 2020[146] Production and Operational Strategies - The company aims to enhance production techniques in down and seamless/sealed production over the next five years[6] - The company has been focusing on local production strategies to increase sales in mainland China[6] - The R&D team is committed to optimizing production technology and enhancing product design to meet market demands[8] - The company continues to invest in advanced production equipment and employee training to optimize production processes and reduce labor dependency[15] Corporate Governance and Compliance - The company emphasizes high levels of corporate governance, adhering to the Corporate Governance Code as per the listing rules[89] - The independent non-executive directors have confirmed their independence annually, ensuring compliance with the relevant listing rules[89] - The company has established appropriate insurance arrangements for its directors and senior officers against potential legal actions[92] - The company provides ongoing professional development for its directors, including briefings and training to enhance their knowledge and skills[92] Risk Management - The group continues to monitor and manage foreign exchange risks associated with transactions primarily in USD and RMB, utilizing financial instruments as necessary[22] - The company is committed to maintaining effective risk management and internal control systems to prevent significant misstatements or losses[112] - The audit committee and independent professionals deemed the company’s risk management and internal control systems effective and adequate[115] Related Party Transactions - The company confirmed that all related party transactions were conducted in the ordinary course of business and on normal commercial terms[78] - The independent non-executive directors reviewed the related party transactions and confirmed their fairness and reasonableness[78] - The company’s auditor issued an unqualified opinion regarding the disclosed related party transactions[79] Employee and Workforce Management - Employee benefits expenditure totaled HKD 836,100,000 for the year, slightly increasing from HKD 836,000,000 in the previous year, indicating stable employee compensation[24] - The group employed approximately 13,000 employees as of March 31, 2021, consistent with the previous year, suggesting stable workforce levels[24] Environmental and Social Responsibility - The company has received awards for green and low-carbon office initiatives, reflecting its commitment to corporate social responsibility[9] - The company has established a comprehensive environmental protection policy to comply with applicable environmental laws in various regions[83] Financial Reporting and Audit - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency[161] - The consolidated financial statements include all subsidiaries for the year ended March 31, 2021, reflecting the company's comprehensive financial position[162] - The audit report emphasizes the responsibility of the board of directors to prepare financial statements that are true and fair in accordance with applicable financial reporting standards[131]