Financial Performance - The company's audited consolidated profit attributable to shareholders for the year ended March 31, 2022, was HKD 53,982,244, a significant increase from HKD 7,890,996 in the previous year, representing a growth of approximately 584%[18]. - The group's total revenue for the year was approximately HKD 51.1 million, an increase of 2.8% compared to HKD 49.7 million in 2021[20]. - Gross profit for the year was approximately HKD 24.7 million, a decrease of 7.1% from HKD 26.5 million in 2021[20]. - Profit attributable to owners for the year was approximately HKD 54 million, compared to HKD 7.9 million in 2021[20]. - The fair value of investment properties in Hong Kong increased significantly by approximately HKD 78.9 million, compared to HKD 14.5 million in 2021[20]. - The group recorded a loss of approximately HKD 6.5 million from serviced properties in Beijing, compared to a loss of HKD 3.6 million in 2021[21]. - The group incurred a loss of approximately HKD 6.8 million from securities investments, compared to a profit of HKD 10.2 million in 2021[21]. - As of March 31, 2022, the group had cash and bank balances of approximately HKD 22.7 million, down from HKD 27 million in 2021[26]. - The group's total equity was approximately HKD 382.8 million, compared to HKD 325.4 million in 2021, resulting in a debt-to-equity ratio of approximately 4.3%[26]. - As of March 31, 2022, the fair value of financial assets recognized in profit or loss was approximately HKD 22.6 million, down from HKD 29 million in 2021[38]. Dividends and Share Issuance - The board of directors decided not to recommend the payment of a final dividend for the year, consistent with the previous year[19]. - The company issued 1,000,000 shares at a price of HKD 127,200 due to the exercise of stock options during the year[59]. - Following the reporting period, the company issued 14,677,000 shares at a price of HKD 1,902,094 due to the exercise of stock options[59]. Human Capital and Employee Development - The company emphasizes the importance of human capital for long-term development and provides competitive compensation and training opportunities[47]. - The total number of employees is reported at 800,000[79]. - The employee turnover rate for the reporting period was 44.00%, with 11 employees leaving the company[184]. - The company provided comprehensive medical insurance for full-time employees, including medical, surgical, hospitalization, and employee compensation insurance[185]. - The company emphasized the importance of employee training and development, offering various training programs to support personal growth[190]. - Total training hours completed by employees reached 46, with an average training hour of 2.00 per employee[192]. - 56.52% of male employees and 43.48% of female employees participated in training programs, indicating a focus on gender inclusivity[192]. - The company aims to enhance employee training in the coming years to ensure comprehensive development for both employees and the hotel[192]. Environmental Sustainability - The company is committed to maintaining environmental sustainability and has implemented policies to minimize its environmental impact[43]. - The hotel generated a total of 840.90 tons of greenhouse gas emissions, an increase of 11.32% compared to 755.38 tons in the previous year[140]. - Nitrogen oxides (NOx) emissions increased significantly by 135.11%, from 0.52 kg to 1.24 kg, primarily due to increased gas usage[139]. - The hotel consumed 67.20 liters of gasoline, a decrease of 62.67% from 180.00 liters in the previous year[151]. - Liquefied petroleum gas consumption rose by 147.79% to 6,713.20 kg, compared to 2,709.20 kg in the previous year[151]. - Electricity consumption increased by 40.97% to 2,059,734.00 kWh, up from 1,461,123.00 kWh in the previous year[151]. - Water consumption increased by 10.32% to 26,733.00 cubic meters, compared to 24,233.00 cubic meters in the previous year[151]. - The hotel aims to reduce energy consumption and greenhouse gas emissions through various measures, including utilizing natural sea breezes and maintaining clean lighting fixtures[151]. - The hotel has improved its paper waste reduction, generating 0.61 tons of carbon emissions from paper usage, down from 1.12 tons in the previous year, indicating a significant reduction of approximately 45%[155]. - The hotel has developed a system to record hazardous waste and paper recycling, demonstrating a commitment to reducing environmental impact[161]. - The hotel encourages employees to participate in recycling and environmental protection activities, fostering a culture of sustainability[171]. Governance and Compliance - The company has established a remuneration committee responsible for setting the remuneration policy for all directors and senior management[102]. - The company arranged appropriate directors' and officers' liability insurance for its directors and senior officers during the year[84]. - The company has not entered into any management contracts related to its business during the year[90]. - The company has not entered into any arrangements that would allow directors to benefit from purchasing shares or debt securities of the company or its subsidiaries during the year[77]. - No stock-linked agreements were established during the year that would require the company to issue any shares[78]. - The company has established a transparent recruitment process to prevent the hiring of forced labor and child labor[196]. - No significant violations of labor laws were reported during the reporting period, ensuring compliance with employment regulations[193]. Customer and Supplier Relations - The company recognizes the importance of maintaining close relationships with customers and suppliers for long-term business development[44]. - The largest customer contributed approximately 50% of the total sales, while the top five customers accounted for 68% of the total sales for the year[95]. - The company reported a total procurement amount where the largest supplier accounted for approximately 16% and the top five suppliers accounted for 56% of the total procurement[94]. - The hotel has a total of 43 suppliers, with 41 located in Hong Kong and 2 in China, emphasizing local sourcing for fresh seafood[197]. - The hotel collaborates with online travel agents to enhance marketing and sales through digital platforms[198]. - The company prioritizes suppliers with strong environmental compliance records and social responsibility[197]. - No complaints regarding service quality were received during the reporting period, indicating high customer satisfaction[198].
远东酒店实业(00037) - 2022 - 年度财报