Financial Performance - Altus Holdings Limited reported stable growth in both of its major business segments during FY2019[13]. - Revenue for the fiscal year 2019 reached HKD 77,655,000, an increase of 9.8% compared to HKD 70,961,000 in 2018[6]. - Pre-tax profit for 2019 was HKD 36,754,000, up 12.5% from HKD 32,555,000 in the previous year[6]. - Net profit after tax increased to HKD 30,689,000, representing a 14.4% rise from HKD 26,865,000 in 2018[6]. - The group recorded revenue of HKD 77.7 million for the fiscal year 2019, an increase of approximately 9.4% from HKD 71.0 million in 2018[42]. - Property investment income increased to HKD 36.8 million in 2019, up 6.6% from HKD 34.5 million in 2018, while corporate finance service income rose by 12.1% to HKD 40.9 million[42]. - The number of effective sponsorship appointments increased from 11 in 2018 to 13 in 2019, contributing to a rise in sponsorship income from HKD 25.0 million to HKD 30.1 million[43]. - The group’s profit before tax increased from HKD 32.6 million in 2018 to HKD 36.8 million in 2019, driven by higher revenue and net increases in investment property fair value[51]. - The company reported a significant increase in revenue for the fiscal year 2019, with total revenue reaching HKD 1.2 billion, representing a year-on-year growth of 15%[145]. Market Outlook and Strategy - The company anticipates challenges due to signs of market slowdown in Hong Kong and increasing global uncertainties[15]. - Altus Holdings Limited aims to seize market opportunities as they arise despite potential challenges[15]. - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 10-15% driven by new product launches and market expansion strategies[145]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share within the next two years[145]. - Strategic acquisitions are being considered to enhance service offerings and strengthen market position, with potential targets identified in the fintech sector[145]. - The group anticipates stable income from its property investment portfolio in the upcoming fiscal year, driven by ongoing improvements in the property investment markets in Hong Kong and Japan[76]. Corporate Governance - The board of directors is responsible for overall management and strategic planning, ensuring the best interests of shareholders are prioritized[85]. - The company has appointed three independent non-executive directors, constituting over one-third of the board, to enhance governance and independence[91]. - The audit committee, composed entirely of independent non-executive directors, oversees financial reporting and internal controls[97]. - The company has established three committees: audit, remuneration, and nomination, to monitor specific aspects of governance[92]. - The board has reviewed and is satisfied with the effectiveness of its corporate governance policies for the fiscal year 2019[94]. - The company has purchased liability insurance for directors and senior officers to cover legal claims[86]. - The board receives monthly updates on the group's performance and significant changes, allowing for informed decision-making[85]. - The company has not appointed a CEO, ensuring a separation of roles between the chairman and executive management[87]. - The board held a total of 10 meetings in the fiscal year 2019, with attendance rates for directors ranging from 80% to 100%[111]. - The company has established a nomination committee to identify suitable candidates for board membership and assess the independence of non-executive directors[101]. Risk Management - The board conducted an annual review of the risk management and internal control systems, finding them adequate and effective for the fiscal year 2019[137]. - The company has appointed an independent internal control consultant to review the effectiveness of its internal control systems[137]. - The board is committed to regularly evaluating and reviewing the effectiveness of the group's risk management and internal control systems[137]. - The company has established a series of risk management policies and measures to identify key risks associated with its business and market[137]. - The company emphasizes the importance of compliance with the Securities and Futures Ordinance and GEM Listing Rules for handling inside information[138]. Investment and Development - Japan's real estate market is expected to provide stability and security for investment returns, being the world's third-largest economy[15]. - The company emphasizes the importance of "impact investing" in supporting Japanese nursing and care services, aiming for measurable social benefits and compelling financial returns[15]. - The company has acquired multiple properties catering to different tenant groups across various regions in Japan since its listing[192]. - The fair value change of investment properties as of March 31, 2019, amounted to approximately HKD 19,439,000, which has been included in the consolidated profit and loss and other comprehensive income statement[200]. - The company aims to expand its corporate financing activities by enhancing human resources and broadening the scope of corporate financing services[191]. Shareholder Engagement and Dividends - The company maintains a balanced dividend policy to reward shareholders while ensuring sufficient capital for business development[131]. - The company reported a proposed final dividend of HK$0.2 per share for the fiscal year ending March 31, 2019, consistent with the previous fiscal year[187]. - The company also proposed a special dividend of HK$0.02 per share, down from HK$0.05 in the previous fiscal year, reflecting satisfactory performance in corporate finance while considering future market uncertainties[187]. - The company will pay the proposed final dividend and special dividend on September 27, 2019, to shareholders listed on September 5, 2019[190]. Team and Culture - The advisory team has made significant progress in addressing challenges and is focused on fostering a collaborative corporate culture[15]. - Altus Holdings Limited plans to concentrate on training and developing its advisory team to enhance their capabilities[15]. - The company believes that the synergy created through teamwork will lead to a more capable organization overall[15]. - The management team emphasized the importance of compliance and risk management in their operational strategy, ensuring adherence to regulatory requirements[152]. - The company emphasizes continuous improvement in its procedures and talent development within its corporate finance division[175].
浩德控股(08149) - 2019 - 年度财报