Financial Performance - For the fiscal year 2023, the company recorded a revenue of approximately HKD 187.66 million, a decrease from HKD 190.28 million in the fiscal year 2022, resulting in a loss of approximately HKD 68.69 million compared to a profit of HKD 7.39 million in the previous year[39]. - The average daily trading volume in the securities market for the fiscal year 2023 was approximately HKD 120 billion, representing a 19% decrease compared to the fiscal year 2022[41]. - As of March 31, 2023, the company's net asset value was approximately HKD 411.13 million, down from HKD 479.83 million in the previous fiscal year[59]. - The company's bank and cash on hand amounted to approximately HKD 62.57 million, with about 94% held in HKD, 4% in USD, 1% in RMB, and 1% in TWD[59]. - The total borrowings were approximately HKD 260.37 million, slightly down from HKD 261.09 million in the previous fiscal year, with a debt-to-equity ratio of approximately 0.63 compared to 0.54 previously[59]. Business Strategy and Operations - The core business includes financial services, mortgage financing, insurance brokerage, property development, and investment and securities trading[14]. - The company aims to provide high-quality financial services and create long-term value for clients, shareholders, and stakeholders[14]. - The company has implemented a digital trading platform to offer clients fast and reliable online trading services[25]. - The company adapts its strategies in response to government policies and changes in the international business environment[25]. - The company plans to capture a larger market share in the wealth management sector, leveraging the supportive business environment in Hong Kong and mainland China[33]. Client and Market Engagement - The company focuses on providing tailored investment solutions based on clients' needs and goals[17]. - The number of active clients increased by 42% compared to the fiscal year 2022, despite a decrease in IPO market activity and daily average trading volume in the Hong Kong stock market[42]. - The company successfully conducted due diligence for IPO clients in mainland China following the reopening of borders, indicating potential for increased business from mainland China in the future[31]. - The company continues to provide brokerage services for futures investment products, facilitating risk management for clients investing in Chinese A-shares[42]. - The company anticipates improvements in IPO activities and investment market sentiment as the economy recovers from the COVID-19 pandemic[42]. Environmental, Social, and Governance (ESG) Initiatives - The company aims to enhance its environmental, social, and governance (ESG) initiatives, integrating these elements into daily operations[36]. - The board of directors emphasizes the importance of environmental, social, and governance (ESG) issues for stakeholders and commits to reporting on these matters[90]. - The group aims to balance business expansion with stakeholder interests through a sustainable development framework focusing on environmental protection and resource management[90]. - The management team is tasked with monitoring the execution of ESG action plans and reporting progress to the board[96]. - The company is committed to integrating responsible environmental practices into its operations and fostering an environmentally conscious culture among employees[91]. Employee Development and Workplace Culture - The company encourages continuous professional development for employees to enhance their skills and knowledge[25]. - The company promotes a culture of inclusivity and encourages employees to express their ideas and concerns[27]. - The company has established a long-term strategy for talent development and training, emphasizing continuous learning and professional skills enhancement[144]. - The average monthly employee turnover rate for the fiscal year 2023 was 1.60% for males and 3.16% for females, showing a decrease from the previous year[136]. - The company maintains a five-day work week and complies with Hong Kong employment regulations regarding rest days and holidays[139]. Compliance and Risk Management - The company adheres strictly to the Securities and Futures Ordinance, ensuring compliance and operational risk management in its financial services[66]. - The group complies with anti-money laundering regulations and has included relevant summaries in loan agreements to enhance customer awareness[69]. - The company has implemented strict policies to prevent money laundering and protect customer data, adhering to applicable laws and regulations[156]. - The company has established a compliance manual and anti-money laundering guidelines to manage transactions and customer identities[164]. - The company has strengthened its internal control mechanisms to ensure compliance with anti-corruption laws and regulations[162]. Community Engagement and Social Responsibility - The company is committed to social responsibility and environmental care, actively participating in meaningful charitable activities[14]. - The company made community investments totaling HKD 10,000 to improve oral health services and support homeless residents[167]. - The company actively engages in charitable and environmental activities, encouraging employee participation[105]. - The company emphasizes sustainable business development and maintains close communication with stakeholders, including government, investors, employees, customers, suppliers, and the community[99]. - The company aims to establish long-term strategic partnerships with service providers and business partners to fulfill social responsibilities[151].
STYLAND HOLD(00211) - 2023 - 年度财报