Financial Performance - WLS Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% compared to the previous year[1]. - The company’s net profit for the year was HKD 30 million, reflecting a 15% increase year-on-year[1]. - The Group's total turnover for the year was HK$150.21 million, an increase from HK$139.52 million in the previous year[23]. - The net loss attributable to owners from continuing operations decreased significantly to approximately HK$13.8 million, down from approximately HK$103.1 million in the previous year[100]. - Gross profit increased by approximately 22.4% to approximately HK$72.0 million, with a gross profit margin rising to approximately 48.0% from approximately 42.1%[100]. User Engagement and Market Expansion - User data showed a 20% increase in active users, reaching a total of 200,000 users by the end of the fiscal year[1]. - WLS Holdings Limited plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[1]. - The Group was awarded a total of 28 new construction contracts during the year, compared to 12 new contracts in the previous year[57]. Investment and Development - The company is investing HKD 10 million in new product development, focusing on innovative technologies to enhance service offerings[1]. - The Group will continue to explore suitable investment opportunities to diversify its business portfolio[96]. - The Group entered into a strategic cooperation agreement with Dowin Financial Holdings Group Limited to explore joint investments in technology finance sectors, including trust, insurance, and wealth management[153]. Operational Efficiency and Cost Management - The management emphasized a commitment to improving operational efficiency, aiming for a 5% reduction in operational costs over the next year[1]. - Operating and administrative expenses decreased from approximately HK$44.0 million to approximately HK$42.7 million due to reduced patent expenses[100]. - The Group will continue to improve the collection procedures for loans receivable despite the difficulties faced in customer repayments[86]. Challenges and Risks - The construction industry in Hong Kong experienced steady growth during the year, despite challenges such as fierce competition and labor shortages[30]. - The Group has identified significant risks including labor shortages that could impact operational efficiency and profitability, particularly in labor-intensive sectors[164]. - The impacts of COVID-19 and political unrest in Hong Kong have contributed to a downward trend in the Hong Kong property market, posing challenges to the scaffolding industry[91]. Strategic Partnerships and Acquisitions - A new strategic partnership has been established with a leading technology firm to leverage advanced analytics in operations[1]. - The Group is currently negotiating the detailed terms of a proposed acquisition of part of the registered capital in a target company focused on corporate consultancy and big data platform management[153]. - The company is exploring potential acquisition opportunities to enhance its service portfolio and market reach[1]. Money Lending Operations - Money lending operations contributed approximately HK$51.8 million to the Group's turnover, representing an increase of approximately 15.5% compared to the previous financial year[37]. - The revenue from the money lending business increased during the year due to a rising trend in financing loans for corporations and individuals amid the economic impacts of COVID-19[66]. - The Group's money lending business aims to earn interest income while avoiding bad debts, with all loans granted in compliance with established guidelines[69]. Employee and Labor Management - The Group's total staff costs amounted to approximately HK$40.1 million for the year, a decrease from approximately HK$44.3 million in the previous year[187]. - As of April 30, 2021, the total number of full-time employees was 81, down from 90 the previous year[187]. - The Group is committed to providing a safe and healthy working environment to retain labor and mitigate risks associated with labor shortages[168]. Financial Position and Assets - As of April 30, 2021, the Group's total assets were approximately HK$711.1 million, down from approximately HK$732.1 million the previous year[102]. - The Group's net loan and interest receivables amounted to approximately HK$472.2 million, an increase from approximately HK$462.4 million in 2020[117]. - The Group's gearing ratio was approximately 28.8% as of April 30, 2021, an increase from approximately 27.5% in 2020[108]. Audit and Compliance - The Audit Committee has reviewed the consolidated financial statements of the Group for the Year[193]. - Four Audit Committee meetings were held during the Year[193]. - The Audit Committee is responsible for reviewing the financial reporting process and risk management systems of the Group[193].
汇隆控股(08021) - 2021 - 年度财报