Financial Performance - The company reported total revenue of HKD 108,907,000 for the year ended March 31, 2022, representing an increase of 2.13% compared to HKD 105,651,000 in the previous year[4] - Gross profit for the year was HKD 28,182,000, up 19.67% from HKD 23,506,000 in the prior year[4] - The company recorded a net profit of HKD 604,000 for the year, a significant decrease of 86.4% from HKD 4,447,000 in the previous year[4] - The total comprehensive income for the year was HKD 4,630,000, down 47.3% from HKD 8,778,000 in the previous year[5] - Basic earnings per share decreased to HKD 0.0006 from HKD 0.0065, a decline of 90.77%[5] - The group reported a profit of HKD 604,000 for the year ended March 31, 2022, compared to a profit of HKD 4,447,000 in the previous year[21] - The group's profit for the year was approximately HKD 600,000, a decrease of about HKD 3,850,000 compared to the previous year[48] - The pre-tax profit for 2022 was HKD 1,478,000, down from HKD 4,471,000 in 2021, indicating a decline of approximately 66.9%[33] Revenue Sources - Revenue from jewelry sales for the year ended March 31, 2022, was HKD 85,147,000, a decrease of 2.0% from HKD 86,889,000 in the previous year[16] - Interest income from lending increased to HKD 23,760,000, up 26.7% from HKD 18,762,000 in the previous year[16] - The total revenue from customer B was not applicable in 2022, while it contributed HKD 14,553,000 in 2021[29] - Major customer A contributed HKD 24,068,000 to total revenue in 2022, down from HKD 33,335,000 in 2021[29] Assets and Liabilities - The company's total assets increased to HKD 421,091,000 from HKD 360,045,000, reflecting a growth of 17%[7] - Current assets rose to HKD 209,610,000, compared to HKD 168,281,000 in the previous year, marking a 24.6% increase[7] - The company's total liabilities decreased to HKD 46,938,000 from HKD 50,608,000, a reduction of 7.3%[7] - The company's equity increased to HKD 374,153,000 from HKD 309,437,000, representing an increase of 20.9%[7] - The total assets of the group as of March 31, 2022, amounted to HKD 421,091,000, with HKD 352,373,000 attributed to the jewelry design and manufacturing segment[23] - The total liabilities of the group as of March 31, 2022, were HKD 46,938,000, with HKD 254,235,000 related to the jewelry design and manufacturing segment[23] Cash Flow and Investments - The company’s cash and cash equivalents increased significantly to HKD 10,185,000 from HKD 1,534,000, a rise of 563.5%[7] - The average annual interest rate for loans was 9.69%, up from 8.60% in the previous year[51] - The company invested HKD 30,000,000 from the rights issue into expanding its distribution channels and product lines in the jewelry business[50] - The net proceeds from the rights issue completed on September 20, 2021, amounted to approximately HKD 60,090,000[64] - The actual use of proceeds from the rights issue as of March 31, 2022, totaled approximately HKD 52,310,000, with an unutilized balance of about HKD 7,800,000[65] Employee and Operational Costs - Employee costs totaled HKD 7,682,000 in 2022, down from HKD 11,317,000 in 2021, reflecting a reduction in director remuneration and employee salaries[31] - Sales, distribution, and administrative expenses decreased by approximately HKD 5,090,000 or 21.84% to about HKD 18,220,000 due to cost control measures[48] - The number of employees increased to 50 as of March 31, 2022, from 30 in 2021, representing a growth of 66.7%[72] Financial Reporting and Audit - The company's unaudited annual performance for the year ending March 31, 2022, has not been finalized due to ongoing audit procedures affected by COVID-19 restrictions in mainland China and Hong Kong[78] - The auditors have not received certain bank confirmation letters from mainland China, and inventory counting procedures remain incomplete due to various measures and restrictions[78] - The company anticipates that the audited annual results will be announced by July 29, 2022, or earlier, depending on the further developments of the COVID-19 pandemic in mainland China[80] - The financial information provided in the announcement is unaudited and has not been verified by the company's auditors[82] - Shareholders and potential investors are advised to exercise caution when trading the company's securities based on the unaudited financial data[82] Market and Economic Conditions - The expected credit loss provision for accounts receivable increased to HKD 1,196,000 in 2022 from HKD 58,000 in 2021[31] - The expected credit loss provision for loans and receivables decreased significantly to HKD 6,315,000 in 2022 from HKD 8,833,000 in 2021[31] - The expected credit loss for loans and receivables was approximately HKD 6,320,000, primarily due to increased global risk factors[55] - The provision for expected credit losses on loans receivable rose to HKD 9,362,000 in 2022 from HKD 3,047,000 in 2021, indicating an increase of approximately 207.5%[40] Dividends - The company did not declare or recommend any dividends for the years ending March 31, 2022, and 2021[34] - The board did not recommend the declaration of a dividend for the year ended March 31, 2022, consistent with the previous year[70]
中国环保能源(00986) - 2022 Q4 - 年度财报