Financial Performance - The Group recorded a profit of approximately HK$87.0 million for the year, an 88.0% increase compared to HK$46.2 million in the previous year[12]. - Revenue increased by approximately HK$8.0 million, representing a 6.5% increase from HK$119.0 million in the prior year[12]. - Earnings per share increased to HK$3.2 cents from HK$1.7 cents year-on-year[8]. - Profit before taxation increased significantly to HK$97,450,000, up 69.9% from HK$57,349,000 in the previous year[104]. - Profit for the year attributable to owners of the Company was HK$87,036,000, representing an increase of 88.2% compared to HK$46,227,000 in 2021[104]. Revenue Breakdown - The financing segment generated revenue of HK$84.6 million and operating results of HK$54.6 million during the year[12]. - The broking segment reported a revenue of HK$8.34 million, down from HK$11.379 million in the previous year[8]. - Corporate finance segment revenue increased to HK$3.176 million from HK$1.076 million year-on-year[8]. - The properties investment segment revenue was HK$28.757 million, slightly up from HK$27.075 million in the previous year[8]. - The brokerage segment's revenue decreased to approximately HK$8.3 million, down by approximately HK$3.1 million or 26.7% from HK$11.4 million in the prior year[24]. Assets and Liabilities - Total assets amounted to HK$3,292.975 million, a decrease from HK$3,468.281 million in the previous year[8]. - Net assets increased to HK$2,718.501 million from HK$2,655.793 million year-on-year[8]. - Total liabilities decreased to HK$574.474 million from HK$812.488 million in the previous year[8]. - The Group's borrowings decreased to approximately HK$234.6 million from HK$263.4 million as of March 31, 2021, resulting in a gearing ratio of approximately 8.6% compared to 9.9% in 2021[49]. Economic Outlook - The Group anticipates that the global and Hong Kong economic conditions will remain stable in the coming quarters of 2022, considering factors such as the US Fed's interest rate hike and ongoing geopolitical tensions[37]. - Despite economic headwinds, there is optimism for recovery in the global and Hong Kong economies, supported by ongoing vaccination efforts and government stimulus policies aimed at boosting consumption and industry growth[38]. - Mainland China's GDP grew by approximately 4.8% year-on-year in Q1 2022, with a 1.3% increase compared to the previous quarter, which is expected to contribute to Hong Kong's economic recovery[39]. Corporate Governance - The Group has established a Compliance and Risk Steering Committee and a Strategy Management Committee to enhance corporate governance and support future expansion[66]. - The Company is committed to maintaining high standards of corporate governance as evidenced by its independent non-executive directors[89]. - The Company has established an Audit Committee to review and supervise the financial reporting process and internal control system[184]. - The corporate governance principles and practices of the Company are detailed in the Corporate Governance Report, which spans pages 30 to 47 of the Annual Report[196]. Shareholder Information - The proposed final dividend is HK$2.0 cents per ordinary share, an increase from HK$1.0 cent per ordinary share in 2021, subject to shareholder approval[62]. - The Company has maintained directors' and officers' liability insurance throughout the year to cover legal actions against its directors and officers[133]. - The annual general meeting (AGM) is scheduled for August 26, 2022, with the notice to be published on the Company's and the Stock Exchange's websites[70]. Management and Team - Ms. Cheng Wai Ling, the Chief Executive Officer, oversees daily operations and holds a degree in Business Administration (Accounting and Finance) from the University of Hong Kong[83]. - The Company has a strong management team with members holding degrees from reputable institutions such as the University of Hong Kong and Monash University[89]. - The Company has a diverse board with members experienced in finance, construction, and corporate communications[91]. Environmental and Social Responsibility - The Group is committed to reducing its environmental impact and complying with environmental protection laws[135]. - Environmental policies and performance are discussed in the "Environmental, Social and Governance Report" from pages 48 to 77 of the annual report[101].
美建集团(00335) - 2022 - 年度财报