Company Overview - Boltek Holdings Limited is incorporated in the Cayman Islands with a stock code of 8601[1]. - The company operates in the GEM market, which is designed for small and mid-sized companies, indicating a higher investment risk compared to other companies listed on the Stock Exchange[3]. - The headquarters and principal place of business is located in Tsim Sha Tsui, Kowloon, Hong Kong[26]. - The company’s website is www.boltekholdings.com, providing access to further information and updates[28]. Financial Performance - For the year ended 31 December 2019, the Group recorded total revenue of approximately HK$100.7 million, representing an increase of approximately 13.9% compared to HK$88.4 million for the year ended 31 December 2018[30]. - The profit attributed to owners of the Company for the year was approximately HK$16.5 million, a significant improvement from a loss of approximately HK$1.4 million for the year ended 31 December 2018[30]. - Excluding the nonrecurring Listing Expenses, the Group's net profit for the year ended 31 December 2018 would have been approximately HK$16.4 million, indicating stable profitability year-on-year[30]. - Boltek Holdings Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a 15% year-over-year growth[50]. - Boltek Holdings Limited anticipates a revenue growth forecast of 10% for the next fiscal year, projecting revenues to reach HKD 1.32 billion[50]. - The company reported a net profit margin of 12%, reflecting improved operational efficiency compared to 10% in the previous year[50]. Strategic Initiatives - The Group anticipates that the net proceeds from the Listing will allow for an expansion of service capacity and operational efficiency[35]. - The Group plans to expand its team of professionals to enhance technical capabilities for future project bidding[35]. - The Group aims to improve operational efficiency and profitability while seeking opportunities to expand its customer base and market share[73]. - The Group plans to undertake more projects to enhance shareholder value[73]. - The Group's market position in Hong Kong is expected to strengthen through strategic initiatives[73]. Governance and Compliance - The report confirms that the information provided is accurate and complete in all material respects, with no misleading or deceptive statements[6]. - The company has a comprehensive governance structure, including various committees such as the Audit Committee and Remuneration Committee[24]. - The auditor for the company is Grant Thornton Hong Kong Limited, ensuring compliance and accuracy in financial reporting[28]. - The Group emphasizes sustainability and has established a compliance manual addressing anti-corruption, anti-bribery, and data protection standards[144]. Environmental, Social, and Governance (ESG) Efforts - The Group remains committed to its Environmental, Social, and Governance (ESG) measures to ensure long-term sustainability of its businesses[35]. - The Group will continue to strengthen its ESG efforts and play a vital role as a good corporate citizen[35]. - The Group is committed to minimizing air and greenhouse gas emissions, as well as non-hazardous waste generation, to combat climate change[146]. - The Group's environmental protection initiatives are aligned with relevant emission laws and regulations, ensuring compliance and sustainable development[152]. Employee and Workforce Management - As of December 31, 2019, Boltek Holdings Limited had a total of 277 employees, a slight decrease from 278 in 2018[86]. - The employee turnover rate for the year was 24%, totaling 31 permanent employees[184]. - The Group's recruitment process is non-discriminatory and based solely on performance, experience, and skills[177]. - The Group provided a comprehensive leave package to employees, including sickness, casual, marriage, funeral, maternity, annual, and injury leave, as well as statutory holidays[192]. - The Group emphasized safety as a top priority and encouraged employees to participate in job-related safety training courses[195]. Marketing and Expansion - The Listing has enhanced the Group's image in relevant business sectors, which is expected to create greater value for shareholders and investors[35]. - The Group has completed a strategic acquisition of a local competitor for HKD 200 million, expected to enhance its operational capabilities[50]. - The Group has engaged a public relations company to strengthen marketing activities[115]. Financial Resources and Investments - The net proceeds from the Listing, after deducting related expenses, were approximately HK$55.2 million[115]. - Cash and bank balances amounted to HK$89.1 million as at 31 December 2019, compared to HK$75.3 million in 2018[83]. - The Group's gearing ratio was nil as of December 31, 2019, unchanged from 2018[91]. Sustainability and Environmental Impact - Total electricity consumption for FY2019 was 123,589 kWh, a decrease from 141,190 kWh in FY2018, representing a reduction of approximately 12.5%[166]. - Total water consumption for FY2019 was 291 m³, a significant decrease from 868 m³ in FY2018[170]. - The Group's environmental emissions impact is considered insignificant, yet it remains dedicated to effective environmental protection measures[152].
宝燵控股(08601) - 2019 - 年度财报