Financial Performance - The group's revenue for 2021 was HKD 10,030,000,000, an increase of nearly 31% compared to 2020[6] - Profit attributable to owners decreased from HKD 440,000,000 in 2020 to HKD 295,000,000 in 2021[6] - The company's revenue for the fiscal year 2021 increased by 31% to HKD 10,030,000,000, up from HKD 7,628,000,000 in 2020[44] - Gross profit rose by 7% to HKD 740,000,000, although the gross profit margin decreased from 9% to 7% due to intense competition in new engineering projects[44] - The net profit after tax decreased by 34% to HKD 292,000,000, primarily due to a one-time government subsidy of HKD 116,000,000 received in 2020 and losses from bond investments[45] Revenue Sources - The construction industry accounted for 99% of the group's revenue, with civil engineering revenue at HKD 5,300,000,000, a 15% increase year-on-year[11] - The group’s building construction revenue was HKD 4,200,000,000, a significant increase of 75% compared to 2020[16] - The group received new engineering projects worth HKD 8,100,000,000 during the year, with an outstanding contract value of approximately HKD 25,500,000,000[9] - The company successfully secured new engineering projects worth HKD 8,100,000,000, with HKD 6,800,000,000 from government civil engineering projects and HKD 1,300,000,000 from private developers[45] Dividends and Shareholder Returns - The group proposed a final dividend of HKD 0.06 per share, down from HKD 0.07 in 2020[5] - The company plans to distribute a dividend of HKD 0.06 per share, equivalent to 25% of the earnings per share of HKD 0.24[41] - The final dividend is expected to be paid on June 15, 2022, pending shareholder approval[75] Employee and Talent Management - The number of employees increased from 2,922 in 2020 to 3,222 in 2021, reflecting the company's efforts to address the talent shortage in the construction industry[22] - The company is addressing talent shortages in the construction industry due to increased competition for skilled workers[15] - The company is actively recruiting non-construction personnel to alleviate the talent shortage and is willing to provide necessary training[24] Financial Position and Assets - As of December 31, 2021, the group's current assets amounted to HKD 2,155,000,000, an increase from HKD 2,085,000,000 as of December 31, 2020[49] - The total equity as of December 31, 2021, was HKD 1,807,000,000, up from HKD 1,589,000,000 in the previous year, reflecting a growth of approximately 13.8%[50] - The group's interest-bearing borrowings totaled HKD 810,000,000 as of December 31, 2021, compared to HKD 520,000,000 a year earlier, indicating a significant increase of 55.8%[49] - Cash and cash equivalents increased to HKD 1,755,000,000 from HKD 1,515,000,000, representing a growth of 15.8%[49] Governance and Compliance - The company has complied with the corporate governance code as per the listing rules throughout the year[117] - The company has established a whistleblowing mechanism for employees to report any misconduct related to financial reporting and internal controls[145] - The company is committed to maintaining the highest standards of corporate governance in compliance with the listing rules[191] Environmental, Social, and Governance (ESG) Initiatives - The board has established a clear environmental, social, and governance (ESG) policy, integrating it into the company's management handbook[183] - The company emphasizes the importance of stakeholder engagement in sustainable development, conducting regular meetings to understand their views on ESG policies[183] - The company has achieved certifications in quality management and environmental standards, including ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015, reflecting its commitment to quality and environmental management[171] Risk Management - The board is responsible for maintaining an effective risk management and internal control system to safeguard the company's assets and shareholders' interests, with a systematic review conducted by the internal audit team[167] - The internal audit team employed a risk-based audit approach to assess the effectiveness of the group's risk management and internal control systems, providing reasonable assurance of their effectiveness[168] Future Outlook - The company anticipates securing HKD 10,000,000,000 in new engineering projects in 2022[9] - The company anticipates that two steam supply projects will start generating profits in 2022, while two additional projects are expected to begin operations by summer 2022[35] - The company aims to earn HKD 100,000,000 from environmental infrastructure investments by 2025, delayed from the previous target of 2024[37]
利基控股(00240) - 2021 - 年度财报