Financial Performance - The company's revenue for the year ended March 31, 2022, was approximately HKD 149,347,000, an increase of about 17.5% compared to HKD 127,093,000 in the previous year[7]. - The loss attributable to shareholders for the year was approximately HKD 233,386,000, representing an increase of about 72.8% from HKD 135,055,000 in the previous year[7]. - The basic and diluted loss per share was approximately HKD 3.200, compared to HKD 1.851 in the previous year[7]. - For the fiscal year ending March 31, 2022, the group's revenue was approximately HKD 149,347,000, an increase of about 17.5% compared to HKD 127,093,000 in the previous year[37]. - The group recorded a loss of approximately HKD 238,636,000, which is an increase of about 76.6% from HKD 135,091,000 in the previous year, primarily due to impairment losses related to mining rights and financial asset fair value changes[37][40]. Property and Rental Income - Rental income from property investment decreased by 2.1% to approximately HKD 31,257,000, accounting for 20.9% of total revenue[9]. - The average occupancy rate for the Shanghai property decreased from 51% to 43% year-over-year, while the Beijing property maintained an occupancy rate of approximately 96%[9]. - The fair value loss on investment properties was approximately HKD 50,909,000, compared to HKD 43,373,000 in the previous year[9]. - The company plans to review its investment property portfolio and implement measures to enhance rental income levels[10]. Hotel Business - Revenue from the hotel business slightly increased to approximately HKD 36,707,000, representing 24.6% of total revenue[15]. - The hotel division recorded a profit of approximately HKD 2,753,000, compared to a loss of HKD 1,514,000 in the previous year[15]. - The hotel business in Shanghai has a building area of 15,997 square meters and was designated as a quarantine hotel during the COVID-19 pandemic[139]. Agricultural Business - The agricultural business reported a revenue increase of 38.7% to approximately HKD 81,383,000, accounting for 54.5% of total revenue[17]. - Crop sales generated approximately HKD 77,135,000, with soybean being the primary crop, averaging 2.3 tons per hectare from 11,000 hectares planted[17]. - The average selling price of soybeans increased by 22% to USD 380 per ton, contributing to a segment profit of approximately HKD 26,389,000, a turnaround from a loss of HKD 33,208,000 the previous year[17]. - The average selling price of soybeans increased, contributing an additional revenue of approximately HKD 22,724,000 to the agricultural business[37]. Securities and Investments - The group recorded a loss of approximately HKD 62,451,000 in the securities investment and financing business, compared to a profit of HKD 91,613,000 the previous year[20]. - The total value of securities investments under financial assets at fair value was approximately HKD 667,906,000, representing 36.2% of the group's net assets[21]. - The group plans to review its investment strategy in Heilongjiang Guozhong and may liquidate its investment to enhance operational liquidity if necessary[22]. Mining Operations - The mining rights in Indonesia have an estimated resource volume of approximately 18,800,000 tons, but production activities have not yet commenced since acquisition in 2011[23]. - The benchmark price for manganese ore decreased to USD 145 per ton, leading to an impairment loss of approximately HKD 109,109,000 for the mining rights[24]. - The estimated value of the mining rights as of March 31, 2022, was approximately HKD 69,555,000, down from HKD 178,664,000 the previous year[24]. Corporate Governance - The board of directors has emphasized the importance of risk management practices, particularly in technology and operational processes, to safeguard company assets[67]. - The board consists of six members, including three executive directors and three independent non-executive directors[74]. - The company has maintained compliance with corporate governance standards, ensuring transparency and accountability to shareholders[67]. - The board has established effective risk management and internal control systems to achieve strategic objectives[81]. - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance by all directors[72]. Environmental, Social, and Governance (ESG) - The company’s environmental, social, and governance (ESG) report covers four main business operations during the reporting period[138]. - The company aims to minimize adverse environmental impacts while creating shared sustainable value with stakeholders[151]. - The group has established an environmental, social, and governance working group to assess and manage related matters[150]. - The group aims to reduce overall emission intensity by 10% by 2032, starting from the current reporting period[180]. - The group has complied with all relevant environmental laws and regulations without any significant violations during the reporting period[161]. Waste and Emissions Management - The group generated a total of 5.77 tons of hazardous waste during the reporting period, primarily due to machinery and fumigation activities[173]. - The total non-hazardous waste produced was 11.09 tons, including organic waste from the agricultural business[175]. - The overall greenhouse gas emission density was 457.16 kg of CO2 equivalent per hectare or 60.20 tons of CO2 equivalent per employee[166]. - The agricultural business accounted for 85.38% of total greenhouse gas emissions, with direct emissions from mobile sources burning diesel at 1,640.30 tons[166]. - The increase in emissions was mainly attributed to the additional diesel consumption by agricultural machinery and increased fuel usage in hotel kitchens[162].
润中国际控股(00202) - 2022 - 年度财报