Financial Performance - For the fiscal year ending March 31, 2019, Telecom Digital Holdings Limited reported revenue of approximately HKD 1,239.25 million, a decrease of about 4.5% compared to HKD 1,297.57 million in 2018[9]. - The profit attributable to owners of the company was approximately HKD 131.75 million, representing an increase of about 2.8% from HKD 128.17 million in 2018[9]. - Retail business revenue slightly decreased by approximately 1.0% to about HKD 766.42 million, down from HKD 773.80 million in the previous year[24]. - Distribution business revenue decreased by approximately 73.4% due to changes in the operating models and requirements of certain mobile phone manufacturers[24]. - Revenue from providing operational services reached a new high of approximately HKD 387.76 million, an increase of about 11.0% compared to the previous year[25]. - Other income, primarily from rental and sub-rental, was approximately HKD 5.80 million, a slight decrease of about 3.8% from HKD 6.03 million in 2018[27]. - Financing costs for the year were approximately HKD 4.90 million, an increase from HKD 3.71 million in 2018, primarily due to interest expenses on bank borrowings[30]. - The group’s reserves available for distribution to shareholders amounted to approximately HKD 204.75 million as of March 31, 2019, compared to HKD 171.35 million in 2018[160]. Business Strategy and Operations - The retail business segment contributed approximately 61.9% of total revenue, with a new e-commerce platform, Mango Mall, showing positive performance and increasing membership[10]. - The company plans to expand its retail network and relocate stores to prime locations to enhance customer experience and attract new customers[12]. - Telecom Digital Holdings Limited aims to diversify its business to maintain market position and increase market share and brand awareness[12]. - The company has strategically reduced the scale of paging and Mobitex support services in response to market trends and technological developments[10]. - The company plans to strategically expand its retail network and improve operational efficiency to drive continuous growth[16]. - The company will further explore opportunities to create new growth drivers, including investments in the restaurant group, Lik Tin[16]. Corporate Governance - The company has maintained compliance with the corporate governance code throughout the fiscal year ending March 31, 2019, with specific deviations disclosed in the "Board Functions" section[59]. - The company has established an audit committee, a remuneration committee, and a nomination committee, each with defined written terms of reference[58]. - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance for the fiscal year ending March 31, 2019[60]. - The board consists of six executive directors and three independent non-executive directors[61]. - The company has implemented corporate governance measures to monitor compliance with the non-competition agreement, including annual reviews by independent non-executive directors[155][158]. - The company’s major shareholders have confirmed compliance with the non-competition commitments for the year ended March 31, 2019[154][158]. Employee and Human Resources - The group employed 556 full-time employees as of March 31, 2019, a decrease from 569 in 2018[42]. - The company emphasizes the importance of human capital and regularly assesses employee performance and training needs to maintain competitiveness[120]. - The average training hours per employee were 23 hours, with 66% of male employees and 44% of female employees receiving training[132]. - Employees are entitled to various types of leave, including annual leave, sick leave, and maternity leave, in addition to statutory holidays[119]. - The company regularly reviews the compensation structure for full-time employees to ensure competitive remuneration packages[119]. Environmental, Social, and Governance (ESG) - The company is committed to sustainable development principles and has implemented various initiatives to fulfill its social responsibilities during the reporting period[104]. - The environmental, social, and governance (ESG) report covers the company's performance in retail sales and distribution services in Hong Kong for the year from April 1, 2018, to March 31, 2019[105]. - The company encourages employees to participate in environmental protection initiatives, such as reducing paper usage and promoting electronic transactions[116]. - The company has established recycling programs in its offices to manage waste and promote sustainability[113]. - The company emphasizes the importance of environmental sustainability in its operations, despite primarily being a service-oriented business[113]. Shareholder Information - A fourth interim dividend of HKD 0.06 per share was proposed, bringing the total dividend for the year to HKD 0.24 per share[9]. - The third interim dividend of HKD 0.06 per share was paid on March 15, 2019, and the fourth interim dividend of HKD 0.06 per share is expected to be paid around July 19, 2019[151][152]. - The company maintains a dividend policy that balances shareholder returns with future growth, typically declaring dividends quarterly[84]. - The annual general meeting is scheduled for September 4, 2019, with a suspension of share transfer registration from August 29 to September 4, 2019[153]. Risk Management and Compliance - The audit committee conducted a review of the financial statements before submission to the Board, ensuring compliance with financial controls and risk management systems[76]. - The company has maintained an effective internal control system, which was reviewed and deemed sufficient as of March 31, 2019[94]. - The board is responsible for overseeing the company's corporate governance policies and practices, ensuring compliance with legal and regulatory requirements[93]. Customer Engagement - The company has established multiple channels to collect customer feedback and has been recognized for its customer service performance[123]. - The company encourages shareholder participation in annual general meetings, providing a platform for suggestions and feedback[97]. - The company has established a website to facilitate effective communication and provide the latest information related to its business[100].
电讯数码控股(06033) - 2019 - 年度财报