Financial Performance - The company's revenue for the fiscal year ended July 31, 2022, was RMB 121.4 million, a decrease of 52.62% from RMB 256.2 million in the previous fiscal year[28]. - Gross profit fell from RMB 54.31 million to RMB 10.17 million, with a gross margin decline from 21.20% to 8.38%[28]. - The company recorded a loss attributable to owners of RMB 48.25 million, compared to a loss of RMB 5.61 million in the previous fiscal year[28]. - Total assets decreased to RMB 368.54 million in 2022 from RMB 491.96 million in 2021[13]. - Total equity amounted to RMB 301.96 million in 2022, down from RMB 350.80 million in 2021[13]. - The company did not recommend any dividend for the fiscal year, consistent with the previous year[29]. - Revenue from the plastic injection molding business was RMB 88,910,000, a decline of RMB 65,190,000 or 42.30% from RMB 154,100,000 in the previous year[37]. - The assembly electronic products segment saw revenue drop to RMB 29,430,000, down RMB 66,300,000 or 69.26% from RMB 95,730,000 last year[38]. - The mold design and manufacturing segment reported revenue of RMB 3,060,000, a decrease of RMB 3,310,000 or 51.96% from RMB 6,370,000 in the previous year[39]. - Other net losses amounted to RMB 26,100,000, significantly higher than last year's RMB 7,480,000, primarily due to impairment losses on property, plant, and equipment[40]. Operational Adjustments - The company plans to streamline operations and reduce leverage to improve financial stability amid ongoing economic uncertainties[30]. - Capital expenditures for the year were RMB 257,000, a significant decrease from RMB 7.35 million in the previous year[13]. - The company aims to adopt a light-asset and cost model to enhance operational flexibility and minimize adverse impacts on business operations[30]. - The net debt position was RMB (37.19) million in 2022, compared to RMB (1.79) million in 2021, indicating a shift towards a more leveraged position[13]. - The group had no significant investments, acquisitions, or disposals during the fiscal year, focusing instead on streamlining operations and improving financial conditions[60]. Cost Management - Selling expenses decreased by RMB 2,690,000 or 45.59% to RMB 3,210,000 from RMB 5,900,000 last year[48]. - General and administrative expenses were RMB 34,690,000, down RMB 10,380,000 or 23.03% from RMB 45,070,000 in the previous year[49]. - Financial expenses decreased by 79.68% to RMB 1,160,000 from RMB 5,710,000 last year, mainly due to reduced interest-bearing borrowings[50]. Environmental Initiatives - The company has invested RMB 80,000,000 in renewable energy, specifically solar energy, during the reporting period[87]. - Solar panels generated over 8,773,148 kWh of electricity, with 1,757,993 kWh consumed in production and the remainder sold to the local grid[87]. - Approximately 20% of the electricity consumed in the company's production process is provided by solar energy[87]. - The company has achieved ISO 14001:2015 certification for its environmental management system during the reporting period[86]. - The company actively implements emission control measures, including the use of activated carbon filters to absorb toxic gases from welding processes[86]. - The company promotes a waste management program based on the "5Rs" principle: Replace, Reduce, Reuse, Recover, and Recycle[86]. - The company is committed to achieving carbon neutrality, aligning with government targets for carbon reduction[85]. Employee Welfare and Safety - The company emphasizes employee health, safety, and diversity as part of its corporate social responsibility initiatives[82]. - The average training hours per employee exceeded 12 hours during the reporting period, with new hires required to complete at least 24 hours of safety and operational training[106]. - The company has implemented a competitive compensation package, including social security and housing funds, in compliance with local minimum wage regulations[98]. - The company has established a halal kitchen and designated dining areas for Muslim employees, providing additional holidays for religious observances[99]. - During the COVID-19 pandemic, the company enhanced hygiene measures in employee dormitories and work areas, including deep cleaning and health monitoring[103]. - The company has a zero-tolerance policy for discrimination and harassment, promoting diversity and equal opportunities in the workplace[99]. - The company has invested in automation technologies to improve occupational health and safety, reducing manual labor and associated risks[102]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and complies with the listing rules of the stock exchange[146]. - The board believes that the commitment to corporate governance is crucial for the development of the group and enhancing shareholder value[146]. - The company has adopted a securities trading code for directors and senior management, ensuring compliance with the standards set out in the listing rules[148]. - The roles of the chairman and the CEO are held by different individuals, with the chairman also overseeing strategic planning and business operations[147]. - The company has confirmed that all directors complied with the securities trading code during the fiscal year ending July 31, 2022[148]. - The board of directors held four meetings during the fiscal year ending July 31, 2022, to review and approve the corporate strategy and interim performance for the six months ending January 31, 2022[157]. - The company has established a diversity policy for the board, aiming for at least 40% of board members to be non-executive or independent non-executive directors[174]. Community Engagement - The company donated RMB 10,000 to support charitable activities in Zhuhai, including educational initiatives[119]. - The company encourages employee participation in community service and has organized voluntary blood donation activities[119].
威铖国际(01002) - 2022 - 年度财报