Financial Performance - Great Harvest Maeta Group Holdings Limited reported a total revenue of $XX million for the fiscal year 2019, representing a YY% increase compared to the previous year[1]. - The company achieved an EBITDA of $ZZ million, reflecting a ZZ% margin on total revenue, indicating strong operational efficiency[1]. - The company reported a profit attributable to owners of $10,090,000 for 2019, a significant recovery from a loss of $2,771,000 in 2018[14]. - Revenue increased from approximately $14,200,000 for the year ended March 31, 2018, to approximately $16,400,000 for the year ended March 31, 2019, representing a growth of about $2,200,000 or approximately 15.7%[34]. - Net profit for the year ended March 31, 2019, was approximately $10,100,000, a turnaround from a loss of approximately $2,700,000 for the year ended March 31, 2018[41]. - Gross profit improved from approximately $5,600,000 for the year ended March 31, 2018, to approximately $6,700,000 for the year ended March 31, 2019, with a gross margin increase from approximately 39.5% to approximately 40.9%[36]. Assets and Liabilities - The total assets increased to $134,007,000 in 2019 from $127,250,000 in 2018, reflecting a growth of approximately 5.5%[14]. - The total liabilities decreased to $96,906,000 in 2019 from $103,628,000 in 2018, indicating a reduction of about 6.9%[14]. - The net asset value rose to $37,101,000 in 2019, up from $23,622,000 in 2018, representing an increase of approximately 57%[14]. - Cash and cash equivalents increased to approximately $2,600,000 as of March 31, 2019, compared to approximately $1,000,000 as of March 31, 2018[42]. - The debt-to-asset ratio improved to approximately 55.8% as of March 31, 2019, down from approximately 63.8% as of March 31, 2018[42]. Market Outlook and Strategy - The company provided a positive outlook for 2020, projecting a revenue growth of CC% driven by new product launches and market expansion strategies[1]. - Great Harvest is planning to expand its market presence in the Asia-Pacific region, targeting a market share increase of EE% over the next two years[1]. - The company anticipates a challenging dry bulk shipping market in 2019, with expectations of continued supply-demand imbalance affecting freight rates[16]. - The company aims to strictly control operating costs while expanding operational revenue amidst difficult market conditions[16]. - The company plans to explore opportunities in the residential property market, focusing on cultural and tourism real estate projects to diversify its business[16]. Investments and R&D - Great Harvest is investing in R&D for new technologies, with a budget allocation of $DD million aimed at enhancing product offerings[1]. - Great Harvest has completed the acquisition of GH FORTUNE, with a total transaction value of $16 million, expected to enhance operational capabilities[1]. - The company has introduced a new product line that is anticipated to contribute an additional $FF million in revenue in the upcoming fiscal year[1]. - The company is focusing on sustainability initiatives, with an investment of $GG million aimed at reducing environmental impact[1]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules, ensuring compliance throughout the fiscal year ending March 31, 2019[77]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced governance structure[79]. - The company emphasizes a diverse board composition, considering factors such as gender, age, cultural background, and professional experience since adopting the diversity policy in August 2013[84]. - The company has established a three-year service contract for each executive director and a three-year appointment letter for independent non-executive directors, promoting stability in governance[82]. - The company has a commitment to high corporate governance standards, which is seen as key to effective management and enhancing shareholder value[76]. Risk Management - The board of directors is responsible for the ongoing risk management and internal control systems, which are reviewed at least annually for effectiveness[116]. - The risk management framework includes identifying, assessing, and mitigating risks integrated into business processes such as strategy development and investment decisions[120]. - The audit committee oversees the risk management and internal control systems, ensuring adequate resources and training for staff involved in these functions[116]. - The group reported a significant risk management process where business units must identify major risks and report them quarterly to the CFO[121]. Shareholder Information - The company has established a shareholder communication policy to promote effective engagement with shareholders[135]. - The company encourages effective communication with shareholders and allows them to submit written queries to the board[136]. - The company’s website provides updated information on the board, governance documents, and procedures for shareholder nominations[141]. - The company did not recommend any final dividend for the year ending March 31, 2019, consistent with the previous year[151]. Employee Relations - The company has maintained good relationships with employees, customers, and suppliers, with no significant disputes reported during the year[152]. - The company employs 105 employees as of March 31, 2019, a slight decrease from 107 employees the previous year[63]. - The company has a competitive salary policy based on market conditions, ensuring employee compensation is adjusted according to performance[63].
荣丰亿控股(03683) - 2019 - 年度财报