Financial Performance - The group reported cash and cash equivalents of approximately HKD 120.2 million as of March 31, 2022, down from HKD 282.3 million in 2021[5]. - Basic earnings per share increased to 38.8 HKD from 27.1 HKD year-on-year, representing a growth of 43.5%[58]. - The company reported a net profit of 371.9 million HKD, reflecting a significant increase from the previous year's profit[65]. - Revenue for the fiscal year 2021/2022 was HKD 249.3 million, a decrease of 33.0% from HKD 371.9 million in the previous fiscal year[74]. - The group's revenue for the fiscal year ending March 31, 2022, decreased by approximately 33.0% to about HKD 249.3 million, down from HKD 371.9 million in the previous year[90]. - The net profit increased by approximately 43.0% to about HKD 142.6 million, up from HKD 99.7 million in the previous year[90]. - The gross profit margin improved to 64.0% in the latest fiscal year compared to 60.8% in the previous year[67]. - The gross profit for the same period fell by approximately 33.7% to about HKD 159.6 million, with a gross margin of approximately 64.0%, down from 64.7%[100]. - The special dividend payout ratio for the year was 67.9%, indicating a strong return to shareholders[69]. Dividends - The board proposed a final dividend of HKD 0.165 per ordinary share for the fiscal year, distributing a total of HKD 406 million in dividends[5]. - Total dividends declared for the fiscal year reached 80.5 HKD per share, up from 61.0 HKD, marking a 31.1% increase[58]. - Proposed final dividend increased by 175% to HKD 16.5 cents from HKD 6.0 cents in the previous fiscal year[80]. - The company declared a total dividend of HKD 405,953,000 for the fiscal year ending March 31, 2022, with a proposed final dividend of HKD 0.165 per share[178]. - As of March 31, 2022, the company's distributable reserves amounted to HKD 151,456,000, of which HKD 60,618,000 is proposed for the final dividend payment[185]. Environmental Initiatives - The group is committed to environmental protection, closely monitoring fuel usage and emissions from its fleet[19]. - Nitrogen oxide (NOx) emissions decreased from 125.67 kg in 2020/21 to 80.10 kg in 2021/22[20]. - The company's overall greenhouse gas emissions decreased by 30% due to environmentally focused measures and reduction in store numbers[21]. - Scope 1 greenhouse gas emissions from vehicles dropped from 20.69 tons to 13.19 tons, a reduction of approximately 36%[23]. - Scope 2 emissions from purchased electricity decreased from 1,510.00 tons to 1,056.60 tons, representing a reduction of about 30%[23]. - The total greenhouse gas emissions (Scope 1, 2, and 3) decreased from 1,602.79 tons to 1,118.59 tons[23]. - Energy consumption in stores reduced from 1,822,582 kWh to 1,209,771 kWh, a decrease of approximately 34%[28]. - The average energy consumption density for stores decreased from 16.63 kWh/sq ft/year to 15.03 kWh/sq ft/year[28]. - The company generated 21.10 tons of waste paper in 2022, down from 49.70 tons in 2021[23]. - Plastic waste increased from 3.59 tons to 4.44 tons, while paper waste decreased from 10.34 tons to 4.37 tons[32]. - The company relocated its headquarters to a more energy-efficient environment, contributing to a reduced carbon footprint[26]. Operational Changes - The company aims to maintain effective offline operations while expanding online and innovative sales channels to capture target markets[5]. - The focus will be on promoting growth in retail business quality rather than scale expansion[5]. - The group has streamlined its operations and reduced operational leverage, preparing better for future challenges[5]. - The company has implemented a leasing restructuring strategy to alleviate major cost burdens[5]. - The group closed all physical stores in the non-Hong Kong and Macau segment and shifted to online and social media platforms for market entry[95]. - Core operating expenses were reduced by approximately 28.0% to about HKD 188.3 million, compared to HKD 261.7 million in the previous year[101]. Employee and Training Metrics - As of March 31, 2022, the company employed 190 staff members, a decrease from 259 in the previous year[38]. - Total employee count decreased from 259 to 190, representing a reduction of approximately 26.6%[39]. - Employee turnover rate increased from 76% to 87%, indicating a rise in employee attrition[39]. - Training hours for employees decreased from 2,269 hours to 1,567 hours, a decline of about 30.9%[43]. - Average training hours per employee were 8.30 hours for females (65.4% participation) and 8.12 hours for males (56.8% participation)[44]. Governance and Compliance - The board of directors has confirmed the independence of Mr. Mak and Mr. Chu, who have served as independent non-executive directors for over nine years, with no evidence of compromised independence[120]. - The company has arranged appropriate liability insurance for directors to protect against legal actions arising from corporate activities[121]. - The audit committee reviewed the group's consolidated financial statements, interim and annual reports, and the independence of external auditors during the review year[128]. - The company has established three committees: the audit committee, the remuneration committee, and the nomination committee, all composed of independent non-executive directors[127]. - The board ensures that all directors receive relevant training to fulfill their duties effectively[121]. - The company has adopted a corporate governance policy requiring new directors to receive at least 15 hours of tailored training[121]. - The audit committee continuously supervises the internal control system and reviews its effectiveness at least annually, covering all significant control measures including financial, operational, and compliance monitoring[146]. Risk Management - The board is responsible for the risk management and internal control system, which aims to manage risks rather than eliminate them, providing reasonable assurance against material misstatements or losses[144]. - The risk management framework employs a "top-down" approach, with strong oversight from the board, audit committee, and executive directors[149]. - The risk identification process involves assessing the market, competitive environment, and daily operations to identify potential risks that could significantly impact the business[150]. - Identified risks are recorded in a central risk register categorized into five types: reporting, operational, strategic, compliance, and information technology risks[150]. - The internal audit function conducts reviews covering all significant controls to ensure the system can respond to a changing business environment[155]. Shareholder Communication - The company is committed to maintaining transparent communication with investors and shareholders, encouraging attendance at shareholder meetings[163]. - Shareholders can submit written inquiries to the board regarding their concerns, ensuring open lines of communication[170]. - The company will reimburse qualified shareholders for reasonable expenses incurred if the board fails to convene a special general meeting within 21 days of a request[168].
包浩斯国际(00483) - 2022 - 年度财报