Financial Performance - Great World Company Holdings Ltd reported a significant increase in revenue, achieving a total of $XX million for the fiscal year 2019-2020, representing a YY% growth compared to the previous year[10] - The Group recorded a total turnover of approximately HK$441,778,000 for the year ended 31 March 2020, representing an increase of approximately 92.04% compared to HK$230,039,000 for the previous year[13] - The loss for the year was approximately HK$41,256,000, compared to a loss of HK$17,146,000 in 2019[13] - For the year ended 31 March 2020, the Group generated revenue of approximately HK$294,140,000 from smart advertising and railway media services[59] - Revenue from the sales of agricultural and forestry products was approximately HK$71,594,000 for the year ended 31 March 2020[64] - The Group generated a total gross revenue of approximately HK$75,127,000 from the supply chain business for the year ended 31 March 2020[70] - Revenue from short-term leasing of the commercial portion of the property was approximately HK$917,000 for the year ended 31 March 2020[70] - Loss attributable to owners of the Company for the year ended 31 March 2020 was approximately HK$31,739,000, which is approximately 89.1% higher than the loss of HK$16,783,000 incurred in the previous year[78] Strategic Initiatives - The company is investing in new product development, with a budget allocation of CC million for R&D initiatives aimed at enhancing product offerings[10] - Great World Company Holdings Ltd is exploring market expansion opportunities in the Asia-Pacific region, targeting a market share increase of DD%[10] - The company has completed a strategic acquisition of a competitor, which is expected to contribute an additional EE million in annual revenue[10] - The Group aims to consolidate its position in the intelligent advertising business segment, which has experienced tremendous growth due to a shift in consumer behavior towards online channels[13] - The management plans to leverage technical platforms developed in Big Data and Artificial Intelligence (AI) to explore innovative applications in untapped market areas[13] - The Group aims to harness technological capabilities to expand organically into new business segments[59] Operational Efficiency - Great World Company Holdings Ltd is implementing new strategies to improve operational efficiency, aiming for a cost reduction of FF% in the upcoming year[10] - The Group's internal control system is fundamental to the Group's daily operations, ensuring the accuracy and validity of financial records[118] - The Audit Committee reviews the effectiveness of the internal control systems and the quarterly, interim, and annual reports[89] Market Trends - The COVID-19 pandemic has caused significant operational issues in the agricultural sector, including supply chain constraints and labor shortages[37] - The rapid shift from offline to online shopping has created new opportunities for e-commerce platforms, leading to increased traffic and revenue[33] - The market for conventional medicinal herbs is expected to grow nearly three times by 2030, driven by the focus on traditional cultivation methods[42] Governance and Compliance - The Company has complied with the Corporate Governance Code throughout the year ended March 31, 2020, with some deviations noted[83] - The Board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring diverse professional experience[85] - The Company has adopted a code of conduct for directors' securities transactions as per GEM Listing Rules[83] - The Company has fully complied with the GEM Listing Rules regarding financial reports and announcements[118] Environmental Impact - The Group's nitrogen oxides emissions increased from 3,207 grams to 3,673 grams, representing a rise of approximately 14.5%[142] - The Group's total greenhouse gas emissions amounted to 4,479.49 tonnes of CO2, with an intensity of 41.10 tonnes CO2 per employee[153] - The Group achieved a GHG deduction of 4,606.16 tonnes of CO2 from planted trees, resulting in a net reduction[149] - The Group aims to reduce water consumption by encouraging employees to turn off taps tightly and prioritizing the use of water-saving products[167] Human Resources - The Group offers competitive remuneration and benefits to attract and retain talent, with periodic reviews based on operating results and market conditions[178] - The Group has no tolerance for the use of forced labour or child labour in its business operations[188] - The Group conducts annual performance evaluations to provide appropriate training based on assessment results[187] Community Engagement - The Group recognizes the importance of corporate social responsibility and engages in community investment activities, including donations and volunteer work, to strengthen relationships with the community[200] - The Group is committed to upholding and promoting human rights for employees, contractors, suppliers, and the communities in which it operates[200]
世大控股(08003) - 2020 - 年度财报