Financial Performance - The company reported a consolidated profit of $XX million for the fiscal year, representing a YY% increase compared to the previous year[9]. - The Group's turnover for the year ended 31 March 2022 was HK$858.5 million, a decrease from HK$1,186.3 million in the previous period, representing a decline of approximately 27.5%[25]. - Total operating costs decreased to HK$728.0 million from HK$1,022.7 million, reflecting a reduction of about 28.8%[25]. - The net loss attributable to owners of the Company for the year was HK$6.3 million, significantly improved from a loss of HK$42.6 million in the previous period, indicating a reduction of approximately 85.2%[25]. - The net loss for the year ended 31 March 2022 was approximately HK$11.1 million, a decrease from approximately HK$36.4 million for the fifteen months ended 31 March 2021[28]. User Growth and Market Expansion - User data showed an increase in active users by ZZ%, reaching a total of AA million users[9]. - The company is expanding its market presence in the Asia-Pacific region, targeting a market share increase of DD%[9]. - The Group plans to focus on developing metaverse-related business opportunities and enhancing synergy among various businesses[20]. Future Outlook and Strategic Initiatives - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of BB%[9]. - New product launches are expected to contribute an additional CC million in revenue, with a focus on innovative technology[9]. - Recent acquisitions are anticipated to enhance operational efficiency and are expected to generate an additional EE million in annual revenue[9]. - The Group aims to enhance profitability by improving its real estate-related business layout and diversifying income sources, including exploring metaverse-related opportunities[46]. Sustainability and Corporate Governance - The management highlighted a strategic shift towards sustainability, aiming for a reduction in carbon emissions by GG% over the next five years[9]. - The Company will continue to enhance its corporate governance practices to align with the latest developments and ensure compliance with the CG Code[73]. - The Company has adopted a board diversity policy to achieve diversity of the Board, considering skills, experience, and other relevant factors[141]. Financial Position and Assets - Total assets increased to HK$2,340.9 million as of 31 March 2022, up from HK$2,072.9 million, marking an increase of about 12.9%[25]. - Total liabilities rose to HK$1,080.4 million from HK$923.2 million, an increase of approximately 17.0%[25]. - The Group's equity and net current assets amounted to approximately HK$1,260.5 million and HK$448.4 million, respectively, compared to HK$1,149.7 million and HK$483.4 million in 2021[50]. Risk Management and Internal Controls - The Board has overall responsibility for evaluating and determining the nature and extent of risks in achieving the Group's strategic objectives, maintaining effective risk management and internal control systems[177]. - The Group has established an ongoing process for identifying, evaluating, and managing significant risks, with business units responsible for monitoring risks associated with their operations[178]. - The Group's risk management and internal control systems are reviewed annually by the Audit Committee, covering major financial and operational controls[184]. Shareholder Engagement and Communication - The Group emphasizes effective communication with shareholders, maintaining a website for public access to corporate information[192]. - The Company encourages shareholder participation in annual general meetings to foster engagement and communication[192]. - Shareholders holding at least 10% of the paid-up capital can requisition a special general meeting within 21 days, ensuring shareholder rights are upheld[192]. ESG Commitment and Reporting - The ESG Report for the year ended March 31, 2022, demonstrates the Group's commitment to sustainable development in environmental, social, and governance aspects[196]. - The Group conducts an annual materiality assessment to understand stakeholder expectations regarding ESG issues[199]. - The performance of ESG-related objectives is reviewed regularly, and adjustments are made if progress is unsatisfactory[199].
国华(00370) - 2022 - 年度财报