Financial Performance - Luxey International reported a significant increase in revenue, achieving a total of HKD 100 million, representing a growth of 25% year-over-year[1]. - For the upcoming fiscal year, Luxey International has provided a revenue guidance of HKD 120 million, indicating an expected growth of 20%[1]. - The company reported a net profit margin of 15%, which is an improvement from 12% in the previous fiscal year[1]. - Luxey International's cash flow from operations increased by 50%, reaching HKD 15 million, providing a strong liquidity position[1]. - The company reported a loss attributable to owners of approximately HKD 25,673,000 for the year ended June 30, 2020, compared to a loss of HKD 3,898,000 for the year ended June 30, 2019, indicating an increase in loss[197]. - Total revenue for the year was approximately HKD 77,809,000, down from HKD 131,778,000 in the previous year, representing a decrease of about 41%[198]. - Gross profit for the year was approximately HKD 3,959,000, a significant improvement from a gross loss of HKD 2,353,000 in the previous year[198]. - Other income decreased by approximately HKD 1,521,000, from HKD 6,578,000 in the previous year[197]. - Depreciation and impairment of property, plant, and equipment increased by approximately HKD 2,232,000, compared to HKD 1,201,000 in the previous year[197]. - Provision for trade and other receivables amounted to approximately HKD 10,056,000, a shift from a reversal of HKD 14,615,000 in the previous year[197]. - Financial costs increased by HKD 2,155,000, compared to HKD 728,000 in the previous year[197]. - Administrative expenses decreased by HKD 23,914,000, down from HKD 25,971,000 in the previous year[197]. User Base and Market Expansion - The company has expanded its user base, now serving over 500,000 active users, which is a 15% increase compared to the previous year[1]. - Luxey International plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[1]. Product Development and Investment - The company is actively investing in new product development, with a budget allocation of HKD 10 million for R&D initiatives[1]. - The company aims to enhance its e-commerce and online shopping related services segment as part of its future strategy[200]. Strategic Initiatives - The company is considering strategic acquisitions to enhance its service offerings, with potential targets identified in the technology sector[1]. - Luxey International has implemented new marketing strategies, resulting in a 40% increase in customer engagement metrics[1]. Corporate Governance and Compliance - The Group's commitment to corporate governance is detailed in the corporate governance report within the annual report[41]. - The Group has not identified any corruption or fraud events during the Reporting Period, ensuring compliance with anti-corruption laws[167]. - The Group has complied with all relevant laws and regulations regarding health and safety, advertising, labeling, and privacy matters during the Reporting Period[158]. Environmental Responsibility - The Group's electricity consumption resulted in CO2e emissions of 673,596 kilograms, categorized as Scope 2 energy indirect emissions[73]. - The Group did not violate any environmental protection laws during the Reporting Period, confirming no significant impact related to emissions or waste disposal[55]. - The Group has implemented stringent production guidelines focusing on energy conservation and pollutant control in its plants located in China and Cambodia[49]. - The Group encourages employees to conserve resources and has provided in-house training to enhance environmental consciousness[51]. - The Group aims to enhance energy efficiency and reduce carbon emissions by reviewing energy consumption patterns regularly[78]. Human Resources and Employee Welfare - The Group's human resource management system complies with various labor laws and regulations, ensuring employee rights and welfare[90]. - The Group has established a competitive remuneration and welfare package based on job nature, qualifications, and performance[89]. - The total number of staff is 722, with a gender distribution of 26% male and 74% female[95]. - New staff hired during the reporting period numbered 228, while employee turnover was 217[98]. - The Group has implemented a "5-day-work week" in its Hong Kong office to enhance employee welfare[92]. - The Group has established a Health and Safety Committee to oversee occupational safety measures and guidelines[103]. Community Engagement - The company plans to continue collaborating with more organizations to enhance its community contributions[177]. - The Group emphasizes social responsibility, participating in community activities and encouraging employees to engage in volunteer services[174]. - The Group encourages employees to share their community involvement experiences to promote volunteerism and proper values[175].
荟萃国际(控股)(08041) - 2020 - 年度财报