Financial Performance - For the fiscal year ending March 31, 2022, the company recorded a revenue of approximately HKD 190,278,000, compared to a loss of HKD 38,895,000 in the previous fiscal year[39]. - In the fiscal year 2022, the group's securities trading turnover was approximately HKD 7.4 billion[43]. - As of March 31, 2022, the net balance of the brokerage financing business was approximately HKD 35.67 million, with interest income from brokerage loans decreasing by 18.6% due to reduced IPO financing[44]. - The group's mortgage financing segment had a consolidated loan balance of approximately HKD 93.02 million as of March 31, 2022, with interest income of HKD 16.61 million for the fiscal year 2022[49]. - As of March 31, 2022, the group's net asset value was approximately HKD 479,826,000, an increase from HKD 470,321,000 in the previous fiscal year[58]. - The group's total borrowings amounted to approximately HKD 261,087,000, compared to HKD 256,258,000 in the previous fiscal year, with a debt-to-equity ratio of approximately 0.54[58]. - The group held listed securities with a fair value of approximately HKD 11,827,000, down from HKD 23,405,000 in the previous fiscal year[59]. - The group has approximately HKD 485,500,000 in investment properties pledged to banks as collateral for credit facilities[60]. - The group did not recommend a final dividend for the fiscal year 2022, with cash dividends and other forms of returns dependent on business performance and liquidity[171]. - In the fiscal year 2022, the revenue from the largest customer and the top five customers accounted for approximately 18.83% and 27.89% of the total revenue, respectively[200]. Business Strategy and Expansion - The company has established a wealth management business in Hong Kong and plans to expand this service in the Greater Bay Area, targeting the growing population of millionaires in China[4]. - The company aims to provide comprehensive financial investment and insurance solutions to new clients in the Greater Bay Area and existing clients in Hong Kong[4]. - The company plans to expand its wealth management business in the Greater Bay Area, targeting the growing population of millionaires in China, which is expected to outpace the U.S. by three times in the next five years[29]. - The group plans to leverage the increasing population of high-net-worth investors in the Greater Bay Area following the launch of the "Cross-Border Wealth Management Connect" in September 2021[47]. - The company has actively participated in the Stock Connect programs, helping clients invest in Chinese A-shares and providing hedging tools for managing market risks[32]. - The group has become a qualified participant in the Stock Connect programs, providing clients with access to invest in Chinese A-shares[43]. Corporate Social Responsibility and ESG Initiatives - The annual report highlights the company's commitment to corporate social responsibility and environmental care[9]. - The company emphasizes the importance of environmental, social, and governance (ESG) initiatives, actively engaging in various activities to benefit the environment and society[36]. - The board emphasizes the importance of integrating ESG matters into management policies and strategies, aiming for sustainable business operations[80]. - The company is committed to reducing its environmental impact and fostering a culture of environmental management among employees[82]. - The management team and all employees actively supported the group's sustainable development strategies and goals during the fiscal year 2022[83]. - The company aims to reduce greenhouse gas emissions and promote resource efficiency as part of its community engagement and environmental protection efforts[94]. - The company has established a comprehensive environmental policy covering the reduction of greenhouse gas emissions, energy efficiency, and waste management[100]. - The company has implemented measures to reduce carbon emissions, including encouraging the use of reusable cups and minimizing the purchase of disposable items[114]. - The company is committed to increasing investments in environmental protection and managing natural resources effectively[115]. - The group actively participated in community investment activities, including donations for oral health services during the fiscal year 2022[160]. Employee Welfare and Management - Employee welfare, including labor rights, career development, and workplace safety, is a priority, with measures in place to support health and safety during the pandemic[92]. - The company has established internal management systems for recruitment, promotion, and employee treatment, emphasizing equal opportunities and diversity[122]. - The company conducts regular performance evaluations for employees, providing constructive feedback and using data for fair assessment of rewards and promotions[123]. - The company has a share option plan to incentivize and reward eligible participants contributing to its business success[123]. - The company maintained competitive compensation packages to attract and retain talent, regularly reviewing employee salaries to align with market standards[127]. - No employees were laid off due to the COVID-19 pandemic in fiscal year 2022, and employee benefits remained unchanged[130]. - The company has established a long-term strategy for talent development and training, encouraging continuous learning among employees[134]. - The average monthly employee turnover rate for males was 2.65% and for females was 2.62% in fiscal year 2022, compared to 1.09% and 0.85% respectively in fiscal year 2021, indicating an increase in turnover rates[126]. - The total number of employees was 107, a decrease from 131 in fiscal year 2021, representing a reduction of approximately 18.3%[125]. Health and Safety Measures - The company has implemented various health and safety measures to reduce the risk of COVID-19 infection, including providing masks and hand sanitizers[132]. - The company has implemented strict health measures during the fifth wave of COVID-19, allowing employees to work from home and reducing in-person meetings[34]. - The company has not reported any work-related injuries or fatalities in the past three fiscal years, including fiscal year 2022[132]. - The group did not encounter any significant violations related to employment, health and safety, or labor standards during the fiscal year 2022[140]. Environmental Impact and Resource Management - The company's electricity consumption for the fiscal year 2022 was approximately 101.99 MWh, a decrease of about 5.55 MWh or 5.16% compared to the previous year[106]. - The gasoline consumption for the fiscal year 2022 was approximately 6.78 tons, an increase of about 3.13 tons or 85.75% compared to the previous year[108]. - The total greenhouse gas emissions (Scope 1) rose to 24.89 tons in fiscal year 2022, up from 13.42 tons in the previous year, indicating an increase of 85.1%[163]. - The company has implemented energy-saving measures to reduce energy consumption and improve energy efficiency, including encouraging employees to turn off unused equipment and using energy-efficient appliances[106]. - The company has complied with environmental protection regulations during its property development projects, ensuring minimal impact on the surrounding environment[103]. - The company has set targets for reducing energy consumption and corresponding greenhouse gas emissions, achieving a reduction compared to the fiscal year 2021[106]. - The company actively manages its waste, focusing on the collection and recycling of paper waste and using environmentally friendly office supplies[101]. - The company consumed approximately 2.94 tons of paper in the fiscal year 2022, a decrease of about 0.51 tons or 14.78% compared to the previous year[112]. - The company promotes a "green office" policy, encouraging employees to reduce paper usage and utilize electronic documents whenever possible[112]. Governance and Compliance - The group has implemented strict internal controls to comply with anti-corruption laws, enhancing its corporate governance and ethical standards[154]. - The group has established a compliance manual and anti-money laundering guidelines to ensure adherence to legal standards[160]. - The group continues to maintain good relationships with clients and business partners, which is crucial for the development of its mortgage financing and insurance brokerage businesses[174]. - The company emphasizes transparency and accountability to shareholders, maintaining high standards of governance and risk management[90]. - The company has established a comprehensive internal monitoring system to ensure compliance with legal regulations and ethical standards[90].
STYLAND HOLD(00211) - 2022 - 年度财报