Financial Performance - Total revenue for the fiscal year 2020 was HKD 59.666 million, a decrease of 23.1% from HKD 77.655 million in 2019[16] - Pre-tax profit for the fiscal year 2020 was HKD 3.920 million, down 89.3% from HKD 36.754 million in 2019[16] - Net profit after tax for the fiscal year 2020 was HKD 1.450 million, a decline of 95.3% compared to HKD 30.689 million in 2019[16] - Corporate finance service revenue for the fiscal year 2020 was approximately HKD 22,000,000, a decrease of 46.3% compared to 2019[21] - The group recorded a net decrease in the fair value of investment properties of HKD 5.3 million in fiscal year 2020, compared to a net increase of HKD 19.4 million in fiscal year 2019[46] - The group's net profit after tax dropped from approximately HKD 30.7 million in fiscal year 2019 to approximately HKD 1.5 million in fiscal year 2020[48] - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[142] Assets and Liabilities - Total assets as of March 31, 2020, were HKD 730,309,000, an increase from HKD 695,499,000 in 2019[18] - Total liabilities increased to HKD 264,115,000 in 2020 from HKD 232,460,000 in 2019, representing a growth of 13.6%[18] - Net assets slightly increased to HKD 466,194,000 in 2020 from HKD 463,039,000 in 2019, showing a marginal growth of 0.5%[18] - As of March 31, 2020, the company's debt-to-equity ratio was approximately 46.7%, up from 41.0% on March 31, 2019, due to an increase in interest-bearing loans from approximately HKD 189.8 million to approximately HKD 217.8 million[55] Investment and Property Management - The company completed the construction of a group home in Sapporo, expanding its nursing home investment portfolio to a total of three properties[14] - The company acquired a new restaurant building in Kumamoto's main retail area and a residential building near downtown Sapporo, enhancing cash flow and diversifying financial advisory service risks[14] - The company highlighted the stability of rental income from its property investment portfolio in Japan as a pillar of business stability[14] - Rental income from the property investment portfolio was approximately HKD 37,700,000 for the fiscal year 2020[26] - The investment property portfolio included 25 properties in Japan and 1 in Hong Kong as of March 31, 2020[26] - The average occupancy rate for the investment properties in Japan was reported at 92% as of March 31, 2020[26] - Property investment income increased due to the addition of Relife GH and KD Shinshigai Building, resulting in increased rental income from Japan[41] Corporate Governance - The company adopted the corporate governance code as per GEM Listing Rules Appendix 15 for the fiscal year 2020[71] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition[73] - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the group[81] - Independent non-executive directors account for over one-third of the board, confirming their independence as per GEM Listing Rules[80] - The board has reviewed and is satisfied with the effectiveness of its corporate governance policies and practices for the fiscal year 2020[82] Risk Management - The company faces key risks related to corporate financing activities, including financial performance volatility and regulatory compliance challenges[62] - The board is responsible for maintaining a sound and effective risk management and internal control system to protect shareholders' interests[125] - In the fiscal year 2020, the board reviewed the effectiveness of the risk management and internal control system, concluding it was adequate and effective[125] - The group has established a series of risk management policies and measures to identify key risks related to its business, industry, and market[125] Future Outlook and Strategy - The company plans to adapt to new business operation models due to COVID-19, utilizing technology and digitalization to expand its client base[66] - The company anticipates that its corporate finance service transaction volume will be severely impacted in the upcoming quarters due to market uncertainties and increased competition[67] - The company has established a strategy to maintain and promote recurring income streams through the expansion and diversification of its property portfolio[68] - The company is exploring partnerships with other firms to enhance service delivery and expand its customer base[142] Shareholder Engagement and Dividends - The company proposed a final dividend of HKD 0.1 per share for the fiscal year 2020, compared to a final dividend of HKD 0.02 and a special dividend of HKD 0.02 for the fiscal year 2019[160] - The board of directors has recommended a distribution of dividends based on the financial performance for the fiscal year 2020, reflecting the company's commitment to returning value to shareholders[160] - The company maintains a balanced dividend policy, considering factors such as overall financial condition and future cash needs when determining dividend payouts[120] Employee and Management Structure - The company had 26 employees as of March 31, 2020, down from 31 employees on March 31, 2019[189] - The management team includes experienced professionals with backgrounds in finance and corporate governance, enhancing the company's operational capabilities[150][151][152] - The company has a total of 7 senior management personnel, reflecting its organizational structure[116]
浩德控股(08149) - 2020 - 年度财报