Financial Performance - CBK Holdings Limited reported a significant increase in revenue, achieving a total of HKD 150 million, representing a growth of 25% year-over-year[1]. - The company’s net profit for the year was HKD 30 million, which is a 15% increase compared to the previous year[1]. - Revenue decreased by approximately HK$30.4 million, or 70.7%, from approximately HK$43.0 million for the year ended March 31, 2020, to approximately HK$12.6 million for the year ended March 31, 2021[21]. - Loss before tax for the year was approximately HK$10.2 million, compared to a loss of approximately HK$32.9 million for the previous year[34]. - The Group's loss and total comprehensive loss attributable to owners of the Company was approximately HK$9.9 million for the year ended March 31, 2021[34]. - Other revenue and other income increased by approximately HK$6.9 million to approximately HK$9.6 million, primarily due to lease modification gains and government subsidies[42]. - The Group recorded a loss and total comprehensive loss attributable to owners of the Company of approximately HK$9.9 million for the year ended March 31, 2021 (2020: approximately HK$32.9 million)[57]. Market Expansion and Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20%[1]. - New product launches are expected to contribute an additional HKD 20 million in revenue in the upcoming year[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[1]. - CBK Holdings Limited is exploring potential acquisitions to enhance its product offerings and market reach[1]. - The acquisition of Jintian Food is expected to broaden the Group's income sources and diversify its business portfolio[26]. Operational Changes and Cost Management - Total assets decreased from approximately HK$48.3 million in 2020 to approximately HK$37.3 million in 2021[34]. - Total equity attributable to owners of the Company was approximately HK$24.4 million in 2021, down from approximately HK$27.6 million in 2020[34]. - The Group's net current assets were approximately HK$14.3 million in 2021, compared to approximately HK$26.1 million in 2020[34]. - Cost of inventories sold decreased by approximately HK$12.2 million to approximately HK$6.8 million, compared to approximately HK$19.0 million in 2020[41]. - Gross profit decreased by approximately HK$18.1 million to approximately HK$5.9 million, with a gross profit margin decrease of approximately 9.5% to approximately 46.3%[41]. - Staff costs decreased by approximately HK$7.6 million to approximately HK$7.7 million, down from approximately HK$15.3 million in 2020[43]. - Depreciation decreased by approximately HK$11.4 million to approximately HK$3.5 million, compared to approximately HK$14.9 million in 2020[44]. - Property rentals and related expenses decreased by approximately HK$2.4 million to approximately HK$0.5 million, down from approximately HK$2.9 million in 2020[49]. - Fuel and utility expenses decreased by approximately HK$1.3 million to approximately HK$0.7 million, compared to approximately HK$2.0 million in 2020[50]. Governance and Compliance - CBK Holdings Limited's board of directors emphasized the importance of maintaining compliance with GEM Listing Rules to ensure transparency and accountability[1]. - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2021[123]. - The Board consists of three executive directors and four independent non-executive directors, ensuring a diverse and qualified leadership team[123]. - The Company received annual confirmations of independence from all independent non-executive directors, affirming their compliance with GEM Listing Rules[127]. - The Board Diversity Policy has been adopted to enhance competitive advantage through increased diversity at the Board level[129]. - The Company arranges continuous professional development for all directors to ensure their knowledge and skills remain relevant[132]. - The company has established four board committees: audit, remuneration, nomination, and legal compliance, to oversee various aspects of its affairs[148]. Management and Leadership - Mr. Chow Yik, aged 40, is the chairman of the Board and has a background in Electronic and Communication Engineering from the City University of Hong Kong[15]. - Mr. Chan Lap Ping, aged 53, has over 20 years of experience in restaurant operations in Hong Kong and supervises day-to-day operations[79]. - Mr. Tsui Wing Tak, aged 52, has over 25 years of experience in corporate finance and accounting, holding a bachelor's degree in Economics from Macquarie University[85]. - Mr. Chan Hoi Kuen Matthew, aged 49, has over 10 years of corporate banking experience and has been with AIA International Limited since June 2009[93]. - Ms. Syndia Wong has over 10 years of experience in corporate finance and is currently an investor relations manager at Silver Base Group Holdings Limited, which distributes high-end liquor products[18]. - Mr. Chan Yu Chi has been the Chief Financial Officer since January 2013, overseeing the Group's overall financial accounting and reporting[109]. Committees and Meetings - An audit committee has been established with three independent non-executive directors, including Mr. Law Yui Lun as chairman, to oversee financial reporting and internal controls[153]. - The audit committee held five meetings during the year ended March 31, 2021, to review the Group's annual results and financial reporting matters[159]. - A remuneration committee has been established, consisting of four members, including Mr. Chow Yik and three independent non-executive directors, with Ms. Wong Syndia D as chairman[162]. - The nomination committee, also comprising four members, is chaired by Mr. Chan Hoi Kuen Matthew, focusing on compliance with the CG Code[173]. - The legal compliance committee was established to oversee compliance with laws and regulations relevant to the company's operations[191].
汉诺佳池(08428) - 2021 - 年度财报