Financial Performance - Great World Company Holdings Ltd reported a significant increase in revenue, achieving a total of HKD 500 million for the fiscal year 2018-2019, representing a growth of 15% compared to the previous year[10]. - The company reported a net profit margin of 12% for the fiscal year, an increase from 10% in the previous year[10]. - For the year ended 31 March 2019, the Group recorded a turnover of approximately HK$230,039,000, representing an increase of approximately 4.32 times compared to HK$53,205,000 for the previous year[13]. - The loss for the year was approximately HK$17,146,000, a decrease from HK$34,998,000 in 2018[13]. - Loss attributable to owners of the Company for the year was approximately HK$22,440,000, which is approximately 30.24% lower than the loss of HK$32,168,000 incurred in the previous year[32]. - The Group recorded a turnover of approximately HK$230,039,000 for the year ended 31 March 2019, representing an increase of approximately 4.32 times compared to HK$53,205,000 in the previous year[32]. - Revenue of approximately HK$743,000 was generated from temporary leasing of the commercial portion of the property for the year ended 31 March 2019[35]. - Revenue from the forestry business was approximately HK$6,051,000 for the year ended 31 March 2019[37]. - The Group anticipates steady growth in revenue generated from the sale of forestry products[37]. - For the year ended 31 March 2019, the trading business generated revenue of approximately HK$207,817,000[41]. - The advertising business recorded revenue of approximately HK$15,428,000 for the year ended 31 March 2019, with expectations for significant growth in the future[41]. Market Expansion and Strategy - The company’s user base expanded to 1.2 million active users, marking a 20% increase year-over-year[10]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[10]. - Great World Company Holdings Ltd plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[10]. - The company is considering strategic acquisitions to bolster its product offerings and enhance competitive positioning in the market[10]. - A new product line is set to launch in Q3 2020, expected to contribute an additional HKD 100 million in revenue[10]. - The management is exploring potential business development opportunities, including expanding production capacity and diversifying distribution channels[17]. - The Group aims to expand its customer base by seeking business opportunities in potential markets of other countries[17]. Corporate Governance - Great World Company Holdings Ltd is focused on enhancing its corporate governance practices to align with international standards, ensuring transparency and accountability[10]. - The Board held a total of 9 meetings during the year ended March 31, 2019, including quarterly regular meetings as per the CG Code[60]. - The Audit Committee comprises three independent non-executive Directors, who regularly meet with senior management to review the effectiveness of internal control systems and the Group's quarterly, interim, and annual reports[64]. - The Company has not appointed a Chief Executive Officer; day-to-day management is carried out by senior management and monitored by executive Directors[64]. - The Board is responsible for corporate governance duties, including developing and reviewing the Group's policies and practices on corporate governance[61]. - Each independent non-executive Director has confirmed their independence annually, and the Company considers all of them to be independent[59]. - The Company has established three committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to assist in governance[64]. - The Company has adopted a board diversity policy, considering factors such as gender, age, culture, education background, race, professional experience, skills, knowledge, and tenure to achieve sustainable and balanced development[74]. Environmental Performance - The Group's greenhouse gas emissions for the year ended March 31, 2019, totaled 5,043.18 tonnes of CO2, with a reduction of 91.69 tonnes due to planted trees[128]. - Nitrogen oxides emissions decreased significantly from 306,083 grams in the previous year to 3,207 grams[117]. - Sulfur oxides emissions also saw a reduction from 3,557 grams to 73 grams[117]. - Particulate matter emissions dropped from 28,473 grams to 236 grams, indicating improved environmental performance[117]. - The Group is committed to monitoring greenhouse gas emissions and energy consumption to minimize environmental impact[117]. - The Group aims to enhance its ESG performance and broaden the disclosure of related information in sustainable development[115]. - The Group implemented energy-saving measures including the use of LED lighting and high-efficiency motors to reduce energy consumption[133]. - The Group is committed to efficient use of natural resources and reducing waste in its operations[145]. - Regular inspections are conducted to monitor unauthorized activities, illegal logging, and other environmental risks[145]. Employee Welfare and Human Resources - The Group emphasizes fair and open recruitment and promotion practices, unaffected by various personal factors[147]. - Competitive remuneration and benefits packages are offered to attract and retain talent, with periodic reviews based on performance and market conditions[147]. - Health and safety measures are implemented to protect employees, including regular fire drills and emergency response training[149]. - The Group promotes work-life balance and provides facilities to address health and safety needs in the office[149]. - The Group emphasizes talent development as a key part of its human resource strategy, providing effective training and clear promotion pathways for employees[151]. - The Group has implemented strict employment policies prohibiting child and forced labor, ensuring compliance with local laws and regulations[154]. Community Engagement and Corporate Social Responsibility - The Group has been actively involved in community investment, promoting awareness of community care through various activities such as donations and volunteer work[163]. - The Group's community responsibility policies include improving community development and minimizing potential negative social impacts[162]. - The Group's commitment to corporate social responsibility includes regular on-site evaluations of suppliers to assess compliance with labor regulations[154]. - The Group continues to develop programs that ensure the sustainable welfare of communities[162]. Financial Management - The Company has adopted a dividend policy, with no assurance of specific amounts being paid in any given period[104]. - The Board will consider the Group's financial performance and future expansion plans when proposing dividend payouts[102]. - The Company has maintained a sufficient public float of not less than 25% of the total issued shares as required under the GEM Listing Rules[174]. - The Company has maintained directors' and officers' liability insurance throughout the year, providing coverage for legal actions against its directors and officers[199].
世大控股(08003) - 2019 - 年度财报