Economic Performance - The Group experienced a negative GDP growth of 6.8% in the first quarter due to the COVID-19 pandemic and the China-US trade war [13]. - The annual report covers the financial year ended 31 March 2021, highlighting the impact of global economic challenges on the Group's performance [12]. - Emerging markets and developing countries faced significant economic downturns, affecting the Group's operations [13]. - The Group's future outlook remains cautious due to ongoing global uncertainties [12]. - The global economy is projected to grow by 5.5% in 2021 and 4.2% in 2022, amid exceptional uncertainty due to the pandemic [64]. - China's economy grew by 18.3% in the first quarter of 2021 compared to the same quarter last year, marking the largest GDP increase since 1992 [50]. Financial Highlights - The Group recorded a total turnover of approximately HK$505,709,000 for the year ended 31 March 2021, representing an increase of approximately 14.47% compared to approximately HK$441,778,000 of the previous year [14]. - Loss attributable to owners of the Company for the year was approximately HK$22,099,000, representing a decrease of approximately 30.37% compared to approximately HK$31,739,000 of the previous year [14]. - For the year ended March 31, 2021, the Group generated revenue of approximately HK$429,517,000 from intelligent advertising and railroad media services [57]. - The Group generated total revenue of approximately HK$12,308,000 from the supply chain business for the year ended 31 March 2021 [62]. - The Group recorded a revenue of approximately HK$505,709,000 for the year ended 31 March 2021, representing an increase of about 14.47% compared to HK$441,778,000 for the previous year [73]. Strategic Focus - The Group's management is focused on navigating the turbulent economic landscape and implementing strategies for recovery [12]. - The Company aims to leverage new strategies for market expansion and product development in response to economic challenges [12]. - The management team will continue to focus on digital sectors, which offer the most growth potential in an economy undergoing digital transformation [14]. - The Group aims to explore suitable business opportunities in high growth industries such as the consumer market and upstream and downstream new energy vehicle (NEV) industries [14]. - The Group plans to expand into new verticals such as omnichannel e-commerce services and Fintech, leveraging its proprietary Big Data and AI platforms [54]. Digital Transformation - The pandemic has accelerated the digitalization of the Entertainment & Media industry, boosting demand for home entertainment and live streaming integration with e-commerce platforms [38]. - Mobile ad spending in China grew by 14.6% during the period of 2019-2020, indicating a significant shift towards digital marketing [39]. - Digital marketing spending is projected to grow by 20% in 2021, reflecting the ongoing trend towards online advertising [40]. - The Group's intelligent advertising business is critical for reaching consumers shifting towards online channels for entertainment and shopping [14]. - The technological foundations built in Big Data and Artificial Intelligence will be key to expanding into digital market segments [14]. Governance and Compliance - The report emphasizes the importance of accurate and complete information for stakeholders, confirming no misleading statements were made [5]. - The Group's board of directors collectively accepts full responsibility for the report's contents, ensuring compliance with listing rules [5]. - The Company is committed to transparency and has made reasonable inquiries to confirm the accuracy of the report [5]. - The Board comprises four executive Directors and three independent non-executive Directors, ensuring diverse expertise and guidance for the Group's activities [88]. - The Company emphasizes the importance of timely and adequate information for the Board to make informed decisions [88]. Environmental and Social Responsibility - The Group's board emphasizes the importance of a sound environmental, social, and governance structure for sustainability and development [135]. - The Group's nitrogen oxides emissions decreased from 3,673 grams to 978 grams, a reduction of approximately 73% [149]. - Sulfur oxides emissions reduced from 84 grams to 22 grams, representing a decrease of about 74% [149]. - The Group implemented energy-saving measures, including the installation of energy-efficient LED light tubes, to reduce energy consumption [161]. - The Group's business in forest planting contributes positively to the environment by preventing desertification and sandstorms in Xinjiang [176]. Employee and Labor Practices - The Group's employee distribution by age as of March 31, 2021, was 57 under 30 years, 67 between 30 to 50 years, and 11 over 50 years [139]. - The percentage of female employees in senior positions was 32%, while male employees accounted for 68% [143]. - The Group emphasizes talent development, providing effective training and clear promotion opportunities to enhance employee skills [192]. - The Group strictly complies with local laws and regulations related to employment and labor relations, ensuring the protection of employee rights [183]. - The Group's employment policies strictly prohibit child and forced labor, complying with local employment laws and regulations [192].
世大控股(08003) - 2021 - 年度财报