Financial Performance - For the year ended March 31, 2022, Fujikon reported revenue of HK$878.3 million, a decrease of 1.5% from HK$890.8 million in 2021[16]. - The gross profit margin declined to 13.1%, down 6.3 percentage points from 19.4% in the previous year[11]. - The company experienced a net loss of HK$30.99 million for the year, compared to a profit of HK$20.39 million in 2021[16]. - Total assets decreased by 1.8% to HK$912.19 million from HK$929.37 million in 2021[11]. - Cash and bank deposits fell by 24.1% to HK$369.86 million, down from HK$487.35 million[11]. - Shareholders' equity decreased by 7.1% to HK$614.03 million from HK$661.08 million[11]. - The operating loss for the year was HK$23.31 million, compared to an operating profit of HK$29.71 million in 2021[16]. - Dividends per share were reduced to 4.0 HK cents, a decrease of 20.0% from 5.0 HK cents in 2021[11]. - Gross profit dropped to HK$115.3 million, with a gross profit margin of 13.1%, compared to HK$173.0 million and 19.4% in 2021[42]. - The company recorded a loss attributable to equity holders of HK$37.1 million, compared to a profit of HK$10.3 million in 2021, resulting in a basic loss per share of HK8.7 cents[42]. Asset and Liability Management - Total non-current assets decreased to HK$126,020,000 from HK$140,417,000 in the previous year, representing a decline of approximately 10.2%[18]. - Current assets totaled HK$786,169,000, slightly down from HK$788,956,000, indicating a decrease of about 0.2%[18]. - Net assets decreased to HK$683,695,000 from HK$723,787,000, a decline of about 5.5%[18]. - As of March 31, 2022, the Group's net current assets were approximately HK$561.6 million, down from HK$591.4 million in 2021[64]. - The Group's cash and cash equivalents decreased by approximately 24.1% to HK$369.9 million as of March 31, 2022, from HK$487.4 million in 2021[65]. Revenue Segmentation - Revenue from the Call Centre & Office (CC&O) segment decreased by 3.4% to HK$624.7 million, accounting for 71.1% of total revenue[44]. - Revenue from Accessories and Components grew modestly to HK$253.6 million, representing 28.9% of total revenue, but segment profit fell to HK$7.9 million from HK$25.3 million in 2021[49]. - The Group's revenue for the accessories and parts segment was HK$253.6 million in 2022, a slight increase from HK$243.9 million in 2021, accounting for 28.9% of total revenue[52]. Operational Strategies - The company aims to enhance its product offerings through advancements in innovative technologies, aligning with its mission to provide value-added products[5]. - The company implemented stringent cost controls and increased automation to enhance productivity and cost-efficiency[30]. - The company is focused on enhancing product development and engineering capabilities to meet market demands and customer needs[31]. - Cost control measures and investments in automation are being implemented to improve production efficiency and mitigate potential cost fluctuations[32]. - The Group plans to enhance efficiency through automation and streamline its workforce to tackle rising staff costs and inflation[51]. Human Resources and Management - The Group's discretionary bonus system is linked to both the Group's profit performance and individual employee performance, ensuring alignment with overall financial results[76]. - The Group has implemented training programs for management and employees to enhance skills and performance[76]. - The Group's human resources policies are based on performance and merit, rewarding employees accordingly within the salary and bonus framework[76]. - As of March 31, 2022, the Group employed approximately 2,400 staff, a decrease from 2,600 in 2021, with employee expenses totaling approximately HK$287.8 million, up from HK$269.6 million in 2021[76]. Corporate Governance - The Group's strategic planning is overseen by experienced executives with over 50 years of industry experience, ensuring informed decision-making[79][80][81]. - The Group's management team includes individuals with significant academic and professional backgrounds, enhancing corporate governance and operational efficiency[85][87]. - The Group's focus on corporate strategy and financial functions is led by executives with extensive experience in the financial securities industry[85]. Future Outlook - The Group is optimistic about the prospects for CC&O products due to stable order inflow and longer product lifecycles[57]. - The Group's future business development is discussed in the "Management Discussion and Analysis" section[104]. Risk Management - The Group's business operations and results are subject to various risks and uncertainties, which are discussed in the "Chairman's Statement" and "Management Discussion and Analysis" sections[106]. - The Group's financial risk factors are detailed in Note 3 of the consolidated financial statements[106]. Shareholder Information - As of March 31, 2022, the total number of shares issued by the company is 425,839,000[156]. - The Company provided corporate guarantees of approximately HK$155.7 million as of March 31, 2022, unchanged from 2021, with no banking facilities utilized by subsidiaries compared to approximately HK$0.8 million in 2021[75]. - The Group's interim dividend was paid at HK$0.01 per ordinary share, with a recommended final dividend of HK$0.03 per ordinary share, subject to shareholder approval[120]. Environmental and Social Responsibility - Environmental policies and performance, as well as compliance with local laws and regulations, are outlined in the "Environmental, Social and Governance Report" section[107]. - Charitable and other donations made by the Group during the Year totaled approximately HK$106,000[139].
富士高实业(00927) - 2022 - 年度财报