Financial Performance - The company's revenue for the year ended March 31, 2022, was approximately HKD 276,426,000, an increase of 11.4% compared to HKD 248,183,000 in the previous year[14] - The group reported a loss attributable to shareholders of approximately HKD 16,651,000, compared to a profit of HKD 20,938,000 in the previous year[14] - Operating expenses increased by 25.1% to approximately HKD 94,754,000, primarily due to costs associated with cleaning and related services[15] - The cash and cash equivalents as of March 31, 2022, totaled approximately HKD 76,101,000, down from HKD 96,026,000 in the previous year[16] - The current ratio decreased to 2.2 from 2.8 in the previous year, indicating a decline in liquidity[16] - The group's net assets were approximately HKD 113,911,000, down from HKD 135,330,000 in the previous year[16] - The cleaning and related services segment recorded a profit of approximately HKD 1,729,000, while the advertising media and waste management segments reported losses of approximately HKD 4,794,000 and HKD 1,688,000, respectively[14] - The increase in revenue was attributed to new contracts for cleaning services at a luxury residential property and Hong Kong International Airport[14] Operational Challenges - The advertising media business has been suspended since the second quarter of 2020 due to the impact of COVID-19, with management focusing on cost control measures[21] - The cleaning business faced severe labor shortages during the peak of the fifth wave of the pandemic, particularly in February and March 2022, leading to increased operational costs for protective equipment[22] - Demand for disinfection services surged during the pandemic, with new clients including the police headquarters, reflecting a strong need for health and safety solutions[22] - The company anticipates strong demand from an aviation-related client as the airline industry gradually recovers, despite facing challenges in renewing some existing cleaning contracts[26] Employee and Workforce Information - The total employee cost for the year was HKD 189,693,000, a decrease from HKD 194,108,000 in the previous year, with a workforce of 1,071 employees[36] - The employee turnover rate for the year was approximately 3.87%, with a notable 86% turnover rate for full-time employees[99][100] - The workforce distribution shows 74% female employees and 26% male employees, totaling 1,060 employees[98] - The employee training participation rate was 74%, with 84% for middle-level employees and 18% for senior-level employees[114] - The average training hours per employee was 3.4 hours, with male employees averaging 3.3 hours and female employees averaging 3.5 hours[115] Governance and Compliance - The company has adhered to the corporate governance code and has made necessary corrections to comply with regulations regarding independent directors[142] - The board consists of four executive directors, two non-executive directors, and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[146] - The company has established a nomination policy to guide the selection and appointment of new directors[160] - The board regularly reviews the functions and tasks of executive directors and senior management to ensure effective governance[150] - The board held a total of 8 meetings during the fiscal year ending March 31, 2022, demonstrating high engagement from all directors[166] Environmental and Sustainability Initiatives - The company reported a total greenhouse gas emissions of 51 tons of CO2 equivalent in 2022, down from 54 tons in 2021, indicating a reduction of approximately 5.6%[78] - The company aims to reduce nitrogen oxide emissions density by 3% before 2024, using 2019 as the baseline year[76] - The company is committed to sourcing environmentally friendly cleaning solutions to minimize harmful waste generation[72] - The company has implemented a new cleaning machine with an integrated water filtration system to recycle water and reduce overall water consumption[86] - The company has achieved ISO 45001:2018 and ISO 14001:2015 certifications for occupational health and safety management systems[105] Risk Management - The board is responsible for maintaining the effectiveness of the risk management and internal control systems to safeguard the company's assets[198] - The board concluded that the risk management and internal control systems are adequate and effective[199] - The company does not currently see the need for an independent internal audit function, which will be reviewed periodically[199] - The risk management activities are continuously conducted by management, with annual evaluations of the effectiveness of the risk management and internal control systems[200] Strategic Planning and Future Outlook - The company completed a placement agreement on June 21, 2022, raising a total of HKD 7,950,600, with net proceeds of approximately HKD 7,732,000 for general working capital and future business opportunities[32] - The company has no significant future investment or capital asset plans, indicating a cautious approach to expansion[33] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the H sector[42] - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[42] Health and Safety Measures - The company has implemented multiple COVID-19 safety measures, including temperature checks and regular disinfection procedures[110] - The company has installed air purifiers and hand sanitizers in the office to enhance employee safety[110] - The company provided training on occupational safety and health regulations, fire safety, and the use of personal protective equipment[115] - There were no reported fatalities due to workplace incidents in the current fiscal year[108] Stakeholder Engagement - The company emphasizes stakeholder engagement, conducting regular assessments to understand stakeholder expectations and concerns[65] - The company has established communication channels to provide timely reports on its strategic planning and performance to stakeholders[65] - The company has maintained communication with clients to gather feedback and improve service quality[122]
新华通讯频媒(00309) - 2022 - 年度财报