Financial Performance - The company reported a revenue decrease of approximately 9.4% for the year ended March 31, 2021, compared to the previous year[13]. - The company reported revenue of approximately HKD 55.6 million for the year ended March 31, 2021, a decrease of about 9.4% from HKD 61.4 million for the year ended March 31, 2020[31]. - The profit attributable to the owners of the company increased to approximately HKD 5.4 million for the year ended March 31, 2021, compared to HKD 5.0 million for the previous year[24]. - Revenue from the sale of LED lighting devices decreased by approximately 32.3%, from HKD 52.4 million in 2020 to HKD 35.5 million in 2021[26]. - Revenue from integrated LED lighting solution services increased significantly by approximately 336.1%, from HKD 3.6 million in 2020 to HKD 15.7 million in 2021[27]. - Revenue from LED lighting system consulting and maintenance services decreased by approximately 18.9%, from HKD 5.3 million in 2020 to HKD 4.3 million in 2021[28]. - The company's gross profit decreased by approximately 13.5%, from HKD 32.7 million in 2020 to HKD 28.3 million in 2021[33]. - The gross profit margin decreased from approximately 53.2% in 2020 to about 50.9% in 2021[33]. - The sales cost decreased by approximately 4.9%, from HKD 28.7 million in 2020 to HKD 27.3 million in 2021[32]. - The company attributes the revenue decrease primarily to reduced sales of LED lighting devices due to clients cutting project budgets in response to the COVID-19 pandemic[26]. Operational Developments - A new factory was established in Zhongshan, which commenced operations in April 2020, aimed at reducing costs and improving the quality of LED lighting products[13]. - The company anticipates that the new factory will enhance its competitiveness compared to rivals[13]. - The company plans to focus on expanding its integrated LED lighting solution services, which have shown significant growth[27]. - Other income increased by approximately HKD 2.2 million or 366.7% to HKD 2.8 million for the year ended March 31, 2021, primarily due to increased government subsidies[34]. - Administrative expenses decreased by approximately HKD 1.7 million or 6.6% to approximately HKD 23.9 million for the year ended March 31, 2021, mainly due to reductions in legal and professional fees and overseas travel expenses[35]. Cash Flow and Equity - Cash and bank balances amounted to HKD 62.9 million as of March 31, 2021, compared to HKD 63.3 million in 2020[47]. - Net current assets increased to approximately HKD 64.8 million as of March 31, 2021, from approximately HKD 57.4 million in 2020[49]. - Total equity attributable to owners of the company increased to approximately HKD 74.0 million as of March 31, 2021, from approximately HKD 66.8 million in 2020[50]. - The company proposed a final dividend of HKD 0.01 per ordinary share for the year ended March 31, 2021, compared to no dividend in 2020[41]. Sustainability and ESG Initiatives - The group emphasizes robust risk management as a core competitive advantage, with regular assessments conducted by the audit committee and external professionals[86]. - The group plans to establish an ESG working group to systematically evaluate sustainability performance and set relevant goals and indicators[86]. - The group has not identified any significant ESG issues during the reporting period, indicating effective management of these risks[89]. - The group aims to ensure the accuracy of key performance indicators by appointing professional consultants for carbon assessments[79]. - The group’s environmental, social, and governance report adheres to the guidelines set forth by the Hong Kong Stock Exchange, ensuring compliance and transparency[79]. - The group reported no non-compliance issues related to air and greenhouse gas emissions, waste disposal, or harmful waste generation[90]. - The group has established a product responsibility policy focusing on customer satisfaction, health and safety, and data privacy[104]. - The group is committed to responsible and fair business practices, including anti-corruption measures and supply chain management[98]. Employee and Community Engagement - The company has established a medical benefits plan for all employees who complete a three-month probation period[117]. - The company aims to revise its employment policies to incorporate diversity policies in the future[114]. - Total employee count at the Hong Kong headquarters is 37, with a male to female ratio of 2.36:1[142]. - New hires in the Hong Kong headquarters totaled 1, representing 2.7% of the total employee count[142]. - Employee turnover rate in the Hong Kong headquarters is 0%[144]. - The company is establishing a community investment policy to contribute to the communities where it operates through cash donations and volunteer activities[141]. Governance and Compliance - The company emphasizes the importance of corporate governance practices to enhance accountability and transparency to shareholders[167]. - The board of directors consists of five members, including the chairman and CEO, ensuring a balance of executive and non-executive directors[175]. - The company has adopted a board diversity policy to ensure a range of skills, experiences, and perspectives among board members[179]. - The company has established a code of conduct for directors regarding securities trading, confirming compliance for the fiscal year ending March 31, 2021[169]. - The company has implemented measures to prevent corruption, including policies on bribery, fraud, and money laundering[166]. - The board has authorized various committees to oversee specific responsibilities, ensuring effective management of the group's operations[172]. - The company provides training and development for directors to enhance their understanding of duties and responsibilities[178]. - The company has received annual confirmation of independence from all independent non-executive directors, ensuring compliance with governance standards[175]. Environmental Impact - The energy intensity in Hong Kong decreased by 23.3% to 1.792 MWh per employee compared to the previous reporting year, attributed to health and safety measures during the COVID-19 pandemic[125]. - The energy intensity in China increased by 22.6% to 1.959 MWh per employee due to the commencement of production facilities within the reporting year[125]. - The total greenhouse gas emissions for the Hong Kong headquarters amounted to 404.5 tons of CO2 equivalent, with 354 tons attributed to waste paper processing[136]. - The total greenhouse gas emissions for the China production facilities were 242.2 tons of CO2 equivalent, with 203.2 tons from other indirect emissions[136]. - The company plans to continue monitoring and reporting its carbon emissions annually to further improve performance[127]. - The company aims to implement more water-saving measures and collaborate closely with property management to obtain water consumption data[129]. - The company is developing sustainability goals and action plans to monitor and reduce resource usage in the future[140].
英马斯集团(08136) - 2021 - 年度财报