Financial Performance - For the year ended March 31, 2021, the Group recorded a revenue increase of approximately HK$11.4 million or 38.3%, totaling approximately HK$41.2 million compared to the previous financial year[17]. - The Group achieved a gross profit margin of approximately 7.9% for the year, a significant improvement from a gross loss margin of approximately 19.2% in the previous year[17]. - The loss for the year was approximately HK$13.1 million, a reduction from a loss of approximately HK$34.3 million for the year ended March 31, 2020[18]. - The improvement in loss was primarily due to the absence of a one-off write-off of loan receivables and an extra direct cost on a project that occurred in the previous year[18]. - The increase in revenue was mainly attributed to a project with a relatively large contract sum[17]. - The financial summary indicates a positive trend in revenue growth and loss reduction, reflecting improved operational efficiency[17]. - The Group's revenue for the year ended 31 March 2021 was approximately HK$41.2 million, representing an increase of approximately HK$11.4 million or 38.3% compared to HK$29.8 million in 2020[31]. - The net loss attributable to owners of the Company for the year was approximately HK$13.1 million, a decrease of HK$21.2 million compared to the loss of HK$34.3 million in 2020[41]. - The gross profit margin improved to approximately 7.9% in 2021, compared to a gross loss margin of approximately 19.2% in 2020[39]. Operational Strategy - The Group aims to strengthen its cash position to recruit additional professional staff to enhance service offerings to both existing and new customers[16]. - The Group plans to expand its architectural-related services and explore new business opportunities to enhance long-term shareholder returns[32]. - The Group's strategic focus includes continuous monitoring of the general business environment and regulatory developments[19]. - The Group aims to diversify its customer bases to mitigate strategic risks and maintain competitiveness through training on industry innovation[148]. Corporate Governance - The responsible Director and senior management are committed to staying updated on regulatory reporting and compliance requirements in the architectural industry[19]. - The Company has established an Audit Committee, Nomination Committee, and Remuneration Committee to maintain high corporate governance standards[100]. - The Audit Committee comprises three independent non-executive Directors, chaired by Mr. Lee Pui Chung, ensuring independent oversight of financial reporting[101]. - The Company has adopted a Board Diversity Policy to enhance the quality of the Board's performance[76]. - The Company has confirmed that none of the directors are engaged in any business that competes with the Group's business as of March 31, 2021[135]. - The Board is responsible for ensuring compliance with legal and regulatory requirements[130]. - The Company has established procedures for safeguarding and handling inside information, ensuring confidentiality among Directors and relevant employees[163]. - The Company has adopted a dividend policy that considers factors such as overall market conditions, financial performance, liquidity position, and future development plans[171]. Risk Management - The Company emphasizes the importance of risk management and internal control procedures as part of its governance framework[102]. - The Audit Committee assessed the effectiveness of risk management and internal control systems[107]. - The Company will continue to assess and revise its risk management and internal control systems to protect shareholder interests[143]. - The management will closely monitor credit risk and liquidity risk related to major financial instruments[149]. - The Group does not have exposure to foreign currency risk as it conducts business mainly in Hong Kong dollars[149]. - The Group's interest rate risk is primarily related to interest-bearing borrowings, and management will consider hedging significant risks if necessary[149]. Environmental, Social, and Governance (ESG) Initiatives - The Group is dedicated to enhancing its environmental and social responsibility while upholding governance values[178]. - The Environmental, Social and Governance (ESG) Report discloses the Group's policies and performance regarding ESG issues, enabling stakeholders to understand its sustainable development objectives[179]. - The reporting period for the ESG Report covers the financial year ended 31 March 2021[180]. - The Group has complied with all applicable environmental laws and regulations, with no known non-compliance incidents reported[198]. - Resource efficiency measures include maintaining optimal indoor temperatures and turning off idle equipment to minimize energy consumption[199]. - The Group aims to reduce greenhouse gas emissions and protect the environment through various conservation measures[199]. - The Group has identified resource use (A2) as the most critical ESG aspect, based on internal assessments and stakeholder interviews[190]. Shareholder Communication - The Company encourages shareholders to communicate through various channels and attend meetings to address their inquiries directly[162]. - The Company will provide shareholders with information on candidates nominated for election at the general meeting, including names and proposed remuneration[118]. - The Group emphasizes the importance of stakeholder feedback and aims to enhance communication through various channels[188].
中国来骑哦(08039) - 2021 - 年度财报