Financial Performance - Revenue for the year ended March 31, 2021, was HKD 104.0 million, a decrease of 13.1% from HKD 119.7 million in 2020[9] - Gross profit decreased by 32.5% to HKD 34.0 million from HKD 50.4 million in the previous year[9] - Operating profit increased by 67.0% to HKD 29.9 million compared to HKD 17.9 million in 2020[9] - Profit before tax rose significantly by 239.5% to HKD 29.2 million from HKD 8.6 million in the prior year[9] - Net profit for the year was HKD 26.7 million, a substantial increase of 551.2% from HKD 4.1 million in 2020[9] - Earnings attributable to shareholders increased by 531.0% to HKD 26.5 million from HKD 4.2 million in the previous year[9] - Basic and diluted earnings per share rose to HKD 5.53, up 528.4% from HKD 0.88 in 2020[9] - Total assets increased by 8.2% to HKD 128.3 million from HKD 118.6 million in 2020[9] Revenue Breakdown - Revenue from the sale of electronic payment terminals and related equipment was approximately HKD 41.8 million for the year ended March 31, 2021, an increase of about 1.2% from HKD 41.3 million in the previous year[27] - Revenue from system support and software solution services decreased by approximately 20.7%, from HKD 78.4 million to HKD 62.2 million, primarily due to a reduction in point-of-sale software solution services[27] - Overall gross profit decreased by approximately 32.5%, from HKD 50.4 million to HKD 34.0 million for the respective years[29] - The overall gross profit margin decreased to approximately 32.7% from 42.1%, a reduction of about 22.3% due to a higher sales volume of lower-margin electronic payment terminals[30] Business Development - The company has developed the "ESTIM" smart terminal management system, enhancing real-time monitoring and remote updates for terminals[13] - The company is expanding its business in the Greater Bay Area and has provided system development services for a payment aggregator in Macau[14] - The company aims to enhance its capabilities and provide diversified, high-quality one-stop integrated services to expand market share in the electronic payment terminal sales and support services[22] - The company anticipates significant growth opportunities in the electronic payment terminal market due to the rapid development of digital payment methods, including QR code payments and e-wallet systems[22] - The company will continue to strengthen big data analysis services to help merchants predict market trends and better understand customer needs[21] Employee and Operational Costs - Employee costs increased by approximately 2.0%, from HKD 25.3 million to HKD 25.8 million, primarily due to an increase in the number of employees[33] - The group employed 78 full-time employees as of March 31, 2021, a slight decrease from 81 in the previous year[48] Corporate Governance - The company emphasizes high-level corporate governance, focusing on a quality board, sound risk management, and transparency to enhance corporate value[66] - The board has established an audit committee, nomination committee, and remuneration committee, adhering to the principles of the GEM Listing Rules[67] - The company has maintained compliance with the GEM Listing Rules, with necessary adjustments made to governance practices as needed[67] - The independent non-executive directors bring diverse expertise, enhancing the board's effectiveness in strategic decision-making[58][59] - The company is committed to maintaining accountability and protecting the interests of all shareholders[66] - The company has a clear delineation of roles within the board, with the chairman also serving as the CEO to ensure consistent leadership[67] Risk Management and Internal Controls - The company has a strong focus on risk management and internal controls to safeguard its operations and stakeholder interests[66] - The board is responsible for determining business operations, financial, capital, and investment plans, and ensuring compliance with relevant laws and regulations[73] - The company has established a framework for risk management and internal control, which includes a comprehensive organizational structure and clear division of responsibilities[101] - The board of directors confirmed that the internal control system is effective and sufficient, with an external consultant reviewing the system annually[104] Shareholder Engagement and Dividends - The company aims to provide continuous returns to shareholders while retaining adequate reserves for future development, with dividend declarations subject to the group's profitability and operational needs[111] - The proposed final dividend for the fiscal year ending March 31, 2021, is HKD 0.01 per ordinary share, an increase from HKD 0.00625 per share in the previous year[122] - As of March 31, 2021, the company's distributable reserves amount to approximately HKD 56,598,000, up from HKD 43,117,000 in 2020[133] - The company encourages shareholder participation in meetings and voting, ensuring transparency in decision-making processes[105] Related Party Transactions - The group had related party transactions amounting to HKD 1,060,100 for warehouse, maintenance center, and office rentals with Mr. Lau, and a total of HKD 18,261,176 for sales of electronic payment terminals and related services with EasyPay[164] - The total annual cap for related party transactions with Mr. Lau and his associates was set at HKD 2,080,100[164] - The group has established a series of agreements with related parties, ensuring compliance with GEM Listing Rules[167] Environmental, Social, and Governance (ESG) Initiatives - The company aims to integrate environmental, social, and governance (ESG) factors across all operations, striving to be recognized as a responsible IT and payment solutions provider[199] - The board is responsible for overseeing ESG strategies and managing related risks, with a dedicated ESG working group assisting in policy review[200] - The company has implemented green office measures to reduce energy consumption, including the use of energy-saving lighting and environmentally friendly paper[182] Audit and Compliance - The total audit fees paid to the auditor for the year ended March 31, 2021, amounted to HKD 620,000, while non-audit services accounted for HKD 113,000, bringing the total to HKD 733,000[99] - The auditor, Kwan & Co., will retire but is eligible and willing to be reappointed at the upcoming annual general meeting[194] - The company has complied with all applicable laws and regulations, maintaining good relationships with customers, suppliers, employees, and investors, with no significant disputes reported for the year[184]
俊盟国际(08062) - 2021 - 年度财报