Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million, representing a Y% growth compared to the previous year[6]. - The company reported a profit attributable to shareholders of HKD 33,600,000 for the year ended December 31, 2021, compared to a loss of HKD 123,500,000 in the previous year[11]. - For the year ended December 31, 2021, the company reported total revenue of HKD 1,638.9 million, a significant increase from HKD 69.6 million in 2020[86]. - The gross profit for the same period was HKD 652.3 million, compared to HKD 25.7 million in the previous year, indicating a substantial improvement in profitability[86]. - The company recorded a net loss of HKD 193.5 million due to goodwill impairment, which was not present in the previous year[86]. - The overall comprehensive loss for the year was HKD (101.0) million, an improvement from HKD (187.9) million in the previous year[88]. - The company reported a significant impairment loss on goodwill of HKD 193.5 million during the year[95]. - The company’s total equity attributable to shareholders increased from HKD 1,494.3 million in 2020 to HKD 1,628.4 million in 2021, reflecting a growth of about 8.9%[90]. Revenue Sources - The company’s major revenue during the review period primarily came from property development and investment business[66]. - Property sales revenue amounted to HKD 1,585.9 million in 2021, compared to HKD 64.5 million in 2020, reflecting a growth of approximately 2,363%[185]. - The expected revenue to be recognized within one year is HKD 1,408.7 million, down from HKD 2,760.5 million in 2020, representing a decline of approximately 49%[187]. Market Expansion and Product Development - The company is expanding its market presence in D regions, aiming for a market share increase of E% by the end of the fiscal year[6]. - New product launches are anticipated to contribute an additional $C million in revenue, with a focus on innovative features and market needs[6]. - Ongoing research and development efforts are expected to yield new technologies that will enhance product offerings and operational efficiency[6]. User Engagement and Outlook - User data showed an increase in active users, reaching Z million, which is an A% increase year-over-year[6]. - The company provided a positive outlook for the next quarter, projecting revenue growth of B% and an expected increase in user engagement[6]. Financial Management and Cost Control - Cost management strategies have been implemented, aiming to reduce operational expenses by F% over the next year[6]. - The company has maintained a strong balance sheet, with total assets valued at $I billion and a debt-to-equity ratio of J%[6]. - The company’s financing costs decreased to HKD 54.0 million from HKD 104.3 million, reflecting improved financial management[86]. Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules, with some exceptions noted[68]. - The company’s board consists of both executive and independent non-executive directors, with the roles of chairman and CEO not separated[69]. - The company’s independent non-executive directors confirmed their independence in accordance with the listing rules, and the board held regular meetings to discuss significant corporate and operational matters[70]. Shareholder Information - The company has a total of 2,295,487,356 issued preference shares, which accounts for 99.99% of the issued preference shares[47]. - Major shareholders include YSL International Holdings Limited, which holds 4,719,526,144 issued ordinary shares and 3,045,487,356 related (unissued) ordinary shares, totaling 7,765,013,500 shares, representing approximately 121.47% of the issued ordinary shares as of December 31, 2021[54]. Taxation and Financial Liabilities - The total tax expense for the year was HKD 234.1 million, significantly up from HKD 9.0 million in 2020, representing a 2,500% increase[198]. - The total liabilities decreased significantly from HKD 4,274.7 million in 2020 to HKD 3,216.3 million in 2021, a reduction of approximately 24.7%[90]. Impairment and Asset Management - The company’s goodwill decreased sharply from HKD 235.1 million in 2020 to HKD 41.6 million in 2021, a decline of approximately 82.3%[89]. - The group assesses all non-financial assets for impairment at each reporting period, and if the carrying amount exceeds the recoverable amount, an impairment loss is recognized[166]. Future Plans and Strategic Acquisitions - The company is considering strategic acquisitions to bolster its market position and diversify its product portfolio[6]. - The group is in preliminary discussions regarding the potential acquisition of a hotel under development in Chengdu[15].
COSMOPOL INT'L(00120) - 2021 - 年度财报