Financial Performance - The company's revenue for the year ended March 31, 2022, increased by 16% to HKD 1,175,142,000 from HKD 1,012,000,000 in the previous year[11]. - The company reported a net loss attributable to shareholders of HKD 61,147,000, compared to a net profit of HKD 33,921,000 in the prior year[7]. - The toy division's revenue rose by 23% to HKD 845,000,000, despite facing significant operational challenges[12]. - The computer products division's revenue increased by 45% to HKD 132,000,000, with a reduction in operating loss from HKD 11,300,000 to HKD 700,000[13]. - The watch division achieved a revenue increase of 32% to HKD 199,000,000, resulting in an operating profit of HKD 24,900,000[14]. Assets and Liabilities - The total assets of the group as of March 31, 2022, were HKD 972,463,000, up from HKD 948,346,000 the previous year[8]. - The total liabilities increased to HKD 341,623,000 from HKD 229,761,000, indicating a rise in financial obligations[8]. - As of March 31, 2022, the group's current liabilities increased from HKD 188 million to HKD 294 million, with bank loans amounting to HKD 54 million compared to HKD 1 million in the previous year[19]. - The group's debt-to-asset ratio as of March 31, 2022, was 35%, up from 24% in the previous year, indicating a significant increase in leverage[19]. Liquidity and Equity - Cash reserves decreased to HKD 91,000,000 from HKD 171,000,000, reflecting a reduction in liquidity[18]. - The company maintained a stable financial position with total equity attributable to shareholders at HKD 617,070,000, down from HKD 706,816,000[8]. - The operating liquidity ratio decreased to 1.97 times from 3.05 times year-on-year, while the quick ratio fell from 1.52 times to 0.71 times, reflecting a decline in short-term liquidity[19]. Dividends - The board proposed a final dividend of HKD 0.03 per share, maintaining the total annual dividend at HKD 0.06 per share, resulting in an annual return rate of 10.0% compared to 9.5% in the previous year[24]. - The total amount of dividends proposed for the final dividend is HKD 18,135,000, unchanged from the previous year[44]. - The company proposed a final dividend of HKD 0.03 per share for the year ending March 31, 2022, consistent with the previous year[40]. Shareholder Information - As of March 31, 2022, Dr. Zhang Zengji holds a total of 106,639,893 shares, representing 17.64% of the issued shares[57]. - Robert Dorfman holds 51,471,000 shares, accounting for 8.51% of the issued shares[57]. - Major shareholders include Ms. Wu Yaozhi with 106,639,893 shares (17.64%) and Ms. Zhang Yi with 69,504,057 shares (11.50%)[73]. Environmental and Social Responsibility - Total greenhouse gas emissions increased to 20,285.8 tons CO2 equivalent, up from 17,872.1 tons in the previous year, representing an increase of 7.8%[106]. - Industrial wastewater discharge totaled 775.0 cubic meters, a 37.5% increase from 564.0 cubic meters in the previous year[106]. - Hazardous waste emissions rose to 31.5 tons, up from 21.6 tons, marking a 46.0% increase year-over-year[106]. - The company aims to reduce hazardous waste emissions per employee by 2% in the coming year through investments in UV printing technology[107]. Governance and Compliance - The company is committed to compliance with legal and regulatory requirements, as well as adherence to corporate governance codes[169]. - The independent auditor's report confirms the responsibility of the directors to prepare true and fair financial statements in accordance with applicable laws and accounting standards[171]. - The board is responsible for maintaining an effective internal control and risk management system to protect shareholder interests and group assets[174]. Employee Information - The total number of employees as of March 31, 2022, is approximately 6,026, with 141 in Hong Kong, 5,854 in mainland China, and 31 in Europe[87]. - Employee turnover rate was 14.21%, with male turnover at 15.55% and female turnover at 12.95%[118]. - 100% of all employees received training during the reporting period, with 100% for both male and female employees[127]. Audit and Financial Reporting - The auditor's fees for the fiscal year included HKD 3,366,000 for audit services and HKD 433,000 for non-audit services, totaling HKD 3,799,000[170]. - The audit committee assists the board in overseeing the financial reporting process[193]. - The auditor must report any significant deficiencies in internal control identified during the audit to the audit committee[199].
HERALD HOLD(00114) - 2022 - 年度财报