Financial Performance - The group's revenue for the year was HKD 41.7 million, a decrease of 13.1% from HKD 48.0 million in the previous year[7]. - The company recorded a profit attributable to owners of HKD 1.0 million, compared to a loss of HKD 3.2 million in the previous year[7]. - Basic earnings per share for the year were HKD 0.23, up from a loss of HKD 0.67 per share in the previous year[7]. - Other income increased by HKD 3.4 million or 485.7% to HKD 4.1 million, primarily due to the gain from the sale of 51% equity in Success Guide and government subsidies totaling HKD 2.3 million[17]. - Employee costs decreased by HKD 4.3 million or 18.3% to HKD 19.2 million, attributed to a reduction in staff numbers and cost-saving measures[20]. - The total equity of the group as of March 31, 2021, was HKD 20.0 million, down from HKD 30.4 million in 2020[29]. - The group's cash and bank balances as of March 31, 2021, were HKD 29.4 million, compared to HKD 42.9 million in 2020[29]. - Operating cash generated for the year ended March 31, 2021, was approximately HKD 9.0 million, a decrease from HKD 14.1 million in 2020[29]. - The group expects to face ongoing adverse impacts from the COVID-19 pandemic but remains cautiously optimistic about future developments[15]. Dividends and Shareholder Matters - A special cash dividend of HKD 0.025 per share was declared for shareholders listed on July 9, 2021[7]. - The board proposed a special dividend of HKD 0.025 per share, totaling approximately HKD 9.9 million based on 396,736,000 shares issued[55]. - The company declared a special dividend of HKD 0.025 per share, amounting to approximately HKD 9.9 million based on 396,736,000 shares issued[105]. Business Strategy and Market Outlook - The company plans to continue exploring and launching various new services and products to increase market share and identify new business opportunities[8]. - The management expresses cautious optimism about the group's future performance, driven by increasing societal focus on appearance[8]. - The group plans to continue introducing new services and products to maintain competitiveness and market leadership[15]. - Despite signs of economic recovery in Hong Kong, the company remains cautious due to unpredictable local pandemic conditions and ongoing social distancing measures[8]. Cost Management and Operational Efficiency - Cost-saving measures were implemented, including staff reallocation and stricter operational cost control, in response to the challenging business environment caused by the pandemic[6]. - The company has adopted online consultation services and delivery for skincare and certain medical products to mitigate the negative impact of the pandemic[6]. - Other expenses decreased by HKD 2.7 million or 26.0% to HKD 7.7 million, mainly due to reduced marketing expenses and cost savings from the sale of assets[23]. Corporate Governance - The company has established an audit committee in compliance with GEM listing rules, which reviewed the audited consolidated financial statements for the year ending March 31, 2021[98]. - The company has maintained good corporate governance practices and has adopted the GEM listing rules' corporate governance code[109]. - The board consists of four executive directors and three independent non-executive directors as of March 31, 2021[111]. - The company has established three committees: audit, remuneration, and nomination, to oversee specific aspects of governance[127]. - The company has not established a corporate governance committee, with the board collectively responsible for governance duties[119]. Risk Management - The group is exposed to economic risks, particularly dependent on consumer spending in the medical skin care services sector[40]. - The group has established monitoring procedures to mitigate credit risk and ensure adequate provisions for bad debts[43]. - The company has established a risk management framework that includes risk identification, analysis, assessment, treatment, and monitoring processes[142]. - The audit committee oversees the audit process and provides independent opinions on the effectiveness of financial reporting and internal controls[142]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainability by minimizing environmental impact through resource conservation and recycling initiatives[51]. - The company has complied with the environmental, social, and governance (ESG) reporting guidelines during the fiscal year ending March 31, 2021[166]. - The company has implemented internal policies to promote sustainability and mitigate environmental impacts[167]. - Total greenhouse gas emissions decreased from 66,538 kg in 2020 to 48,539 kg in 2021, representing a reduction of approximately 27%[182]. - The company aims to reduce greenhouse gas emissions by 5% to 10% over five years compared to 2018 levels[190].
密迪斯肌(08307) - 2021 - 年度财报