Financial Performance - Total revenue for the fiscal year 2022 reached approximately HKD 441,300,000, a significant increase of over 700% compared to HKD 60,300,000 in the fiscal year 2021[20] - The healthcare segment recorded revenue of approximately HKD 7,600,000 in the fiscal year 2022, a significant increase from HKD 2,100,000 in the fiscal year 2021[30] - The net loss attributable to shareholders for the fiscal year 2022 was approximately HKD 27.7 million, an increase of 30.7% from HKD 21.2 million in the fiscal year 2021[80] - Total expenses (excluding financial costs) for the fiscal year 2022 amounted to approximately HKD 52.6 million, up from HKD 41.2 million in the fiscal year 2021, with employee costs rising to approximately HKD 22.3 million[89] - The company recorded a foreign exchange loss of approximately HKD 1.4 million in fiscal year 2022, compared to a foreign exchange gain of HKD 2.6 million in fiscal year 2021[81] Revenue Segments - Revenue from the renewable energy segment was approximately HKD 424,200,000, up from HKD 46,000,000 in the previous fiscal year, driven by a rebound in global biofuel production[22] - The construction waste and processing services segment generated revenue of about HKD 5,200,000, maintaining a similar level to HKD 5,000,000 in the fiscal year 2021 despite challenging economic conditions[25] - The plastic recycling and metal waste segment recorded revenue of approximately HKD 4,200,000, down from HKD 7,200,000 in the previous year, impacted by supply shortages and operational challenges due to the pandemic[26] - Revenue from renewable energy and biodiesel trading and processing reached approximately HKD 424.2 million in the fiscal year 2022, a more than sevenfold increase compared to HKD 46 million in the fiscal year 2021[82] - Revenue from the plastic recycling and metal waste segment decreased by 41.7% to approximately HKD 4.2 million in the fiscal year 2022, down from HKD 7.2 million in the fiscal year 2021, primarily due to raw material shortages[86] Operational Developments - The company established its own storage and processing facility in Hong Kong for waste cooking oil, which began operations in the second quarter of 2022[24] - The company expanded its customer base for renewable energy products to Southeast Asia and China, benefiting from lower transportation costs[22] - The company is focusing on selling palm waste biodiesel, while still considering waste cooking oil sales as a significant revenue source once pandemic-related challenges ease[24] - The company is building a local supplier network in Hong Kong to secure exclusive rights for collecting waste cooking oil[24] - The company expanded its operational team to 13 employees in the renewable energy business to enhance customer outreach and procurement capabilities[59] Market Outlook - The European biofuel market is expected to grow, with new renewable energy targets set for 2030, which may positively impact the company's renewable energy segment[22] - The renewable energy sector is projected to experience unprecedented growth, with renewable energy currently providing about 7% of global energy demand[33] - The global economic outlook remains volatile due to inflation, rising interest rates, and geopolitical risks, which may impact business operations[32] - The European Union has set a legally binding commitment to achieve net-zero greenhouse gas emissions by 2050, which is expected to drive demand for renewable energy[33] Strategic Focus - The company is committed to focusing on renewable energy business development and investment to capture potential growth in the industry[36] - The company plans to utilize approximately HKD 10 million for the development of its plastic recycling business and HKD 8 million for future renewable energy opportunities[94] - The company will maintain a cautious and proactive approach in managing operational and credit risks while pursuing diversified strategies for stable business development[36] Corporate Governance - The company has adopted corporate governance practices in compliance with the Hong Kong Stock Exchange Listing Rules, ensuring transparency and accountability[144] - The audit committee consists of three independent non-executive directors, serving as a communication bridge between the board and the auditors[128] - The board consists of executive directors and independent non-executive directors, with a total of six members as of June 30, 2022[146] - The company has implemented policies to promote environmental protection and resource conservation, aligning with its business objectives[133] - The company encourages continuous professional development for directors, keeping them informed about relevant laws and regulations[152] Human Resources - The group employed 57 staff as of June 30, 2022, an increase from 54 staff in the previous year[100] - The remuneration policy for employees is based on merit, qualifications, and capabilities, ensuring competitive compensation[131] - The remuneration details for senior management for the fiscal year ending June 30, 2022, indicate one individual received between HKD 0 to 1,000,000 and another between HKD 1,000,001 to 2,000,000[184] Risk Management - The board confirmed its responsibility for maintaining effective risk management and internal control systems, which are reviewed at least annually[192] - The internal audit function is deemed sufficient and appropriately positioned within the company, with annual reviews conducted by the audit committee[196] - The audit committee is responsible for reviewing the adequacy and effectiveness of the company's risk management and internal audit procedures[196] Shareholder Information - Major shareholders include New Glory Business Corporation with 23.57% and Rich Bay Global Limited with 12.96% of the issued share capital as of June 30, 2022[123] - The largest customer accounted for 36% of the group's sales, while the top five customers collectively represented 87%[119] - The largest supplier accounted for 98% of the group's procurement, with the top five suppliers together accounting for 99%[119]
绿色能源科技集团(00979) - 2022 - 年度财报