Financial Performance - For the year ended March 31, 2022, UBA Investments Limited recorded a loss attributable to owners of approximately HK$0.13 million, a significant improvement from a loss of HK$8.7 million in 2021[9]. - The loss per share improved to HK$0.0001 from HK$0.0068 in the previous year, indicating a reduction in losses[9]. - For the year ended March 31, 2022, the Group reported a loss before taxation of HK$129,000, a significant improvement compared to a loss of HK$8,889,000 in the previous year[159]. - The net loss attributable to owners of the Company was HK$129,000, down from HK$8,698,000 in the prior year, indicating a reduction of approximately 98.5%[159]. Investment Strategy - The Group plans to balance listed and unlisted investments to enhance returns and maintain liquidity for future opportunities[15]. - The Group's proactive investment strategy aimed to maximize shareholder profits despite intense market volatility[10]. - The Group's short-term investment strategy focuses on trading listed securities to maintain sufficient dividend levels, while the long-term strategy aims to balance listed and unlisted investments for better shareholder returns[18]. - The Group plans to maintain sufficient liquidity for potential high-potential unlisted investments during stock market fluctuations[18]. - Future reviews on the acquisition of unlisted equity investments will be conducted periodically[15]. Market Conditions - The Dow Jones Index increased by approximately 12% from 32,981 at the end of March 2021 to 36,952 in January 2022, but dropped by 6.6% to 34,678 by the end of March 2022[17]. - The Shanghai Composite Index rose by approximately 7.8% from 3,441 at the end of March 2021 to 3,708 in December 2021, but decreased sharply by 12.3% to 3,252 at the end of March 2022[22]. - The HSI decreased sharply by 22.5% from 28,378 at the end of March 2021 to 21,996 at the end of March 2022[23]. - The Fed's interest rate hikes, which began in March 2022, are expected to have a deleterious effect on stock markets[27]. - The resurgence of COVID-19 infections, particularly the Omicron variant, is impacting the economy of Hong Kong and the border reopening with China[27]. Asset Management - The Group's net assets remained stable at approximately HK$104.6 million, compared to HK$104.7 million in 2021, outperforming the Hang Seng Index which decreased by 22% during the same financial year[9]. - As of March 31, 2022, the Group's investment portfolio included listed securities valued at HK$97.2 million and unlisted investments with a fair value of HK$3.3 million, reflecting a strategy focused on diversification[11]. - The Group's total assets as of March 31, 2022, were significantly influenced by the performance of its top listed securities, which accounted for a substantial portion of the total asset value[35]. - The Group's gearing ratio was nil as there was no debt as of March 31, 2022[94]. Dividend Policy - The Group has not recommended any payment of final dividend for the year ended March 31, 2022[95]. - The Board has resolved not to recommend a payment of final dividend for the year[152]. Employee and Governance - The Group employed a total of 4 full-time employees as of March 31, 2022, compared to 3 in the previous year[100]. - The Company has complied with the Corporate Governance Code throughout the year ended March 31, 2022, with no significant deviations noted[110]. - Directors' remuneration is subject to shareholder approval and is reviewed annually by the Remuneration Committee, reflecting their duties and performance[141]. Environmental and Compliance - The Group is committed to reducing its environmental impact and ensuring compliance with environmental protection laws[190]. - The Company has complied with all material relevant laws and regulations in Hong Kong during the year[185].
开明投资(00768) - 2022 - 年度财报