Business Growth and Strategy - The company reported a stable business growth despite challenges in the labor market, focusing on employee welfare improvements to enhance competitiveness in the human resources market[8] - The company is committed to adjusting its development strategy based on industry changes to ensure continued growth and market relevance[9] - The company is enhancing its marketing efforts to penetrate the medical device market further and increase market share through participation in various industry events[79] - The company has actively sought strategic acquisition opportunities and is currently evaluating several potential targets[79] Product Development and Offerings - The company successfully promoted a range of new medical products, including airway management products and a pharmacy automation system, marking a significant expansion in its product offerings[8] - The company has established a one-stop medical device solution service, including market trend analysis, procurement, after-sales service, and training[11] - The company is recognized as a pioneer in introducing pharmacy automation systems in Hong Kong, which has instilled confidence in potential clients[8] - The company is developing hardware prototypes using existing safety system product samples to enhance research and product development efforts[79] Financial Performance - The group's revenue increased by approximately 8.1% from about HKD 53.7 million for the year ended March 31, 2018, to about HKD 58 million for the year ended March 31, 2019, primarily due to strong sales growth in electric beds and other bed accessories[13] - Gross profit rose by approximately HKD 1.5 million or 5.1% from about HKD 29.9 million to about HKD 31.4 million, while the gross profit margin slightly decreased from approximately 55.7% to about 54.2%[15] - The group recorded a profit of approximately HKD 6.6 million for the year ended March 31, 2019, compared to a loss of about HKD 3.1 million for the previous year, marking a significant turnaround[19] - The company aims to provide consistent returns to shareholders, proposing a final dividend of HKD 0.1250 per share and a special dividend of HKD 0.3125 per share for the fiscal year ending March 31, 2019[9] Employee and Workforce Management - The company has expanded its workforce by hiring seven sales supervisors, one assistant accountant, one administrative staff, and one service engineer, although four sales supervisors have left[79] - The company has made improvements in employee benefits to attract more personnel and strengthen its team[79] - The group employed 27 staff as of March 31, 2019, with total employee costs amounting to approximately HKD 12.7 million, up from about HKD 7.7 million in 2018[38] - The company has invested approximately HKD 13 million in its business plans, with a focus on improving employee welfare and working conditions to enhance competitiveness in the labor market[79] Corporate Governance - The company has adopted the corporate governance code as per GEM Listing Rules Appendix 15, ensuring compliance with all provisions except for A.2.1 as of the fiscal year ending March 31, 2019[95] - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[98] - The company has established a remuneration committee to oversee compensation policies and practices for directors[94] - The board is dedicated to maintaining sound corporate governance practices to guide business development and internal controls[95] Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental, Social, and Governance (ESG) working group consisting of directors and senior executives to assess and report on ESG matters[189] - The company aims to balance business development with environmental protection, ensuring no direct industrial pollutants are generated from its operations[198] - The company encourages stakeholder feedback on its ESG policies and performance to continuously improve sustainability efforts[188] - The company has complied with applicable environmental regulations during the reporting period and has implemented internal measures to promote a green office environment[199] Risk Management and Internal Controls - The board is responsible for risk management and internal control systems, which were assessed for effectiveness and adequacy as of March 31, 2019[176] - The company has engaged an independent professional internal control consultant to review its risk assessment and internal control systems[177] - The audit committee reviews the effectiveness of accounting and internal audit functions, providing recommendations[118] - The company has not established an internal audit department but reviews the need for one annually, considering the cost-effectiveness of external independent assessments[179]
君百延集团(08372) - 2019 - 年度财报