Financial Performance - Revenue for the year reached HKD 141.7 million, a slight decrease of approximately 3.3%[26] - Profit increased by 253.9% to approximately HKD 3.9 million, driven by high-margin contact center projects and improved financial performance in the financial services sector[26] - The group's total revenue decreased from approximately HKD 146.6 million in the year ended December 31, 2017, to approximately HKD 141.7 million in the year ended December 31, 2018, a reduction of about HKD 4.9 million[50] - The profit for the year increased from approximately HKD 1.1 million for the year ended December 31, 2017, to approximately HKD 3.9 million for the year ended December 31, 2018[49] - Financial services revenue surged from approximately HKD 700,000 for the year ended December 31, 2017, to approximately HKD 6,800,000 for the year ended December 31, 2018, driven by contributions from asset management services[58] Revenue Breakdown - Revenue from related services increased by approximately 18% compared to the previous year, reflecting improved recruitment capabilities and efficiency[29] - The revenue from outsourced inbound customer contact services was HKD 16.4 million with a gross margin of 11.5% in 2018, compared to HKD 10.5 million and 7.2% in 2017[51] - The revenue from outsourced outbound customer contact services was HKD 43.7 million with a gross margin of 30.8% in 2018, down from HKD 66.4 million and 45.3% in 2017[51] - The revenue from personnel dispatch services increased to HKD 59.7 million with a gross margin of 42.1% in 2018, compared to HKD 50.4 million and 34.4% in 2017[51] - The revenue from outsourced inbound customer contact services increased from approximately HKD 10,500,000 for the year ended December 31, 2017, to HKD 16,400,000 for the year ended December 31, 2018, due to increased demand[53] - The revenue from outsourced outbound customer contact services decreased from approximately HKD 66,400,000 for the year ended December 31, 2017, to approximately HKD 43,700,000 for the year ended December 31, 2018, reflecting a challenging business environment[54] - The revenue from personnel dispatch services rose from approximately HKD 50,400,000 for the year ended December 31, 2017, to approximately HKD 59,700,000 for the year ended December 31, 2018, indicating strong demand[55] Strategic Initiatives - The company adopted a diversified strategy to manage risks and expand its business, including outsourcing, dispatch, and equipment management services[26] - The company plans to continue maintaining its contact center systems and services while developing its own financial products and collaborating with other entities[27] - The group plans to focus resources on potential growth areas such as personnel dispatch services and the Weisi system-related services and sales[45] - The group aims to establish and manage multiple funds through Jiyou Asset Management, including a lender fund expected to launch in Q2 2019[45] - The group acquired Jiyou Asset Management for approximately HKD 6 million to expand its financial platform, which is involved in asset management activities valued at approximately HKD 4.3 billion[43] Corporate Governance - The company has complied with all corporate governance code provisions except for one specific provision regarding non-executive directors' attendance at board meetings[94] - The board consists of two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced structure with relevant expertise[96] - The company is committed to maintaining high levels of corporate governance to enhance transparency and accountability to shareholders[94] - All directors confirmed compliance with the securities trading code during the year ending December 31, 2018[95] - The company has established a code of conduct for directors' securities trading, aligning with GEM listing rules[95] Environmental Impact - The total direct greenhouse gas emissions from vehicle use amounted to 7,900 kg in 2018, with CO2 emissions being 6,544 kg[153] - The company implemented policies to reduce environmental impact, such as using unleaded gasoline and encouraging public transport[156] - Indirect greenhouse gas emissions from electricity usage were approximately 431,268 kg in 2018[157] - The company aims to enhance stakeholder relationships and create business value through environmental and social governance initiatives[151] - The company generated approximately 1,860 kilograms of paper waste in 2018, implementing various guidelines to reduce paper usage[165] Employee Engagement and Safety - The total number of employees rose from 525 in 2017 to 688 in 2018, indicating a growth in workforce[170] - The company has established policies to ensure compliance with employment regulations, including the Employment Ordinance and the Minimum Wage Ordinance[179] - Various employee engagement activities were organized in 2018, including sports events and social gatherings, to foster a positive work environment[180] - The company emphasizes the importance of employee health and safety, implementing annual fire drills and ensuring clear emergency exit routes[184] - In 2018, the company recorded 6 work-related injuries, resulting in approximately 57 lost workdays[185]
易通讯集团(08031) - 2018 - 年度财报