Financial Performance - The group recorded revenue of approximately HKD 103.1 million for the fiscal year 2021, a decrease of about 22.7% compared to HKD 133.4 million in the fiscal year 2020[11]. - The net loss for the fiscal year 2021 was approximately HKD 12.5 million, compared to a net loss of HKD 15.5 million in the fiscal year 2020[11]. - Operating loss for the fiscal year 2021, excluding one-off items, was approximately HKD 9.4 million, compared to HKD 11.0 million in the fiscal year 2020[11]. - Total sales costs decreased from HKD 108.4 million in the fiscal year 2020 to HKD 82.8 million in the fiscal year 2021, consistent with the decline in revenue[16]. - Gross profit decreased from HKD 25.1 million in the fiscal year 2020 to HKD 20.3 million in the fiscal year 2021, with a gross profit margin of 19.7% for fiscal year 2021[17]. - Sales and administrative expenses decreased from HKD 36.8 million in FY2020 to HKD 30.7 million in FY2021, a reduction of HKD 6.1 million, primarily due to lower depreciation and temporary salary reductions during COVID-19[20]. - The company's loss attributable to owners for FY2021 was approximately HKD 12.5 million, compared to HKD 15.5 million in FY2020, with an operating loss of HKD 9.4 million in FY2021 versus HKD 11.0 million in FY2020[24]. - Cash and cash equivalents decreased significantly from HKD 31.3 million as of March 31, 2020, to HKD 23.6 million as of March 31, 2021, primarily due to a decline in operating performance caused by COVID-19[26]. - Current assets net value dropped to HKD 10.8 million in FY2021 from HKD 16.7 million in FY2020, with a current ratio of 1.43 compared to 1.61 in FY2020[29]. - Employee costs decreased to HKD 28.6 million in FY2021 from HKD 32.9 million in FY2020, reflecting a reduction in the average number of employees from 125 to 114[30]. Impact of COVID-19 - The group faced challenges due to the COVID-19 pandemic, which significantly impacted customer business and market activities[11]. - Other income for the fiscal year 2021 included government subsidies of approximately HKD 7.8 million related to COVID-19, compared to none in the fiscal year 2020[18]. - The company faced significant impacts from COVID-19, with management expecting continued financial performance challenges in FY2022 depending on the severity of the pandemic[36]. - Impairment losses on property, plant, and equipment amounted to HKD 11.8 million in FY2021, up from HKD 7.7 million in FY2020, attributed to the economic downturn caused by COVID-19[22]. Business Strategy and Operations - The group is exploring horizontal expansion and service diversification opportunities in response to the ongoing uncertainties of the pandemic[12]. - The group aims to implement business plans to increase market share and enhance brand image and reputation[12]. - The company has no major investments or acquisitions during FY2021, maintaining a focus on cost control and efficiency improvements[34]. - The company relies on subcontractors for printing services, which may adversely affect its business and reputation if they fail to meet requirements[38]. - The company faces potential shortages in raw material supply, impacting production and delivery timelines[39]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and transparency in its operations[56]. - The board includes independent non-executive directors with significant experience in finance and corporate governance[55][58]. - The company has established four board committees to oversee specific aspects of the group's affairs[136]. - The board is responsible for strategic decision-making, business development, corporate governance, and risk management[124]. - The company has confirmed compliance with all applicable provisions of the corporate governance code[120]. Environmental Impact and Sustainability - In the fiscal year 2021, the company consumed 1,692,818.00 kWh of electricity, resulting in greenhouse gas emissions of 656.17 tons of CO2 equivalent, with an intensity of 16,414 kWh per HKD 1 million in revenue[182]. - The company has implemented various measures to reduce gas emissions, including fuel-saving initiatives supported by management and daily monitoring[179]. - The company has adopted multiple strategies to minimize waste generation and improve waste management, including returning empty toner cartridges for reuse or recycling[183]. - The company has established a proper ventilation system at production sites to reduce employee exposure to harmful emissions[180]. - The company has set a target to maintain a more environmentally friendly office temperature between 24-26 degrees Celsius[181]. Employee Relations and Workforce - The group employed 114 full-time employees as of March 31, 2021, down from 125 in the previous fiscal year[107]. - The company has implemented measures to ensure no child or forced labor is present in its operations, with no reported violations in the fiscal year[193]. - Health and safety measures include providing personal protective equipment and implementing COVID-19 safety protocols, with no reported work-related fatalities[196]. - The company promotes a strong sense of belonging among employees and regularly reviews compensation and benefits to attract and retain talent[189].
环球印馆(08448) - 2021 - 年度财报