Financial Performance - The company reported total revenue of approximately HKD 233,926,000 for the year ended March 31, 2022, an increase of 46.36% from HKD 159,834,000 in the previous year[10]. - Gross profit for the year was approximately HKD 1,097,000, with a gross margin of 0.47%, down from 2.09% in the previous year, primarily due to a low-margin sales strategy in a challenging economic environment[10]. - Administrative expenses increased by 17.11% to approximately HKD 31,499,000, while financial costs rose by 56.69% to approximately HKD 34,267,000, mainly due to increased interest on convertible bonds[10]. - The company recorded a loss attributable to owners of approximately HKD 127,083,000, compared to a loss of HKD 17,932,000 in the previous year[11]. - Total borrowings amounted to approximately HKD 187,309,000, including convertible bonds of approximately HKD 182,303,000, reflecting an increase from HKD 127,815,000 in the previous year[12]. - The company's debt-to-asset ratio (excluding cash and cash equivalents) was approximately 125.0%, up from 68.90% in the previous year, primarily due to the increase in the fair value of convertible bond liabilities[14]. Operational Strategy - The company plans to enhance operational efficiency by standardizing procedures and simplifying processes, as well as strengthening budget management and cost control measures[17]. - The company is actively seeking growth opportunities for acquisitions or investments and is in discussions with multiple parties regarding such opportunities[19]. - The company intends to conduct fundraising activities, such as share placements or loan capitalization, to strengthen and improve its financial position[19]. Corporate Governance - The board does not recommend the distribution of a final dividend for the fiscal year ending March 31, 2022, consistent with the previous year[37]. - As of March 31, 2022, the company had no reserves available for distribution to shareholders, unchanged from the previous year[43]. - The financial performance and position of the group for the fiscal year ending March 31, 2022, are detailed in the consolidated financial statements on pages 65 to 133[36]. - The group’s financial risk management objectives and policies are outlined in the consolidated financial statements, indicating a structured approach to managing potential risks[35]. - The board is responsible for overseeing the company's business strategies, policies, and annual budgets[92]. - The board is responsible for the risk management and internal control systems, which are continuously reviewed for effectiveness[132]. Shareholder Information - The company reported a total of 1,554,338,600 shares held by controlling entities, representing 72.66% of the total issued share capital[53]. - The beneficial owner, Mr. Lin Qingqu, holds 38,481,000 shares, accounting for 1.8% of the total shares[53]. - The company has a sufficient public float, with at least 25% of the issued shares held by the public[72]. - The company did not purchase, sell, or redeem any of its listed securities during the year ended March 31, 2022[76]. Employee and Management - The group employed a total of 17 employees as of March 31, 2022, primarily based in Hong Kong[78]. - The company has fully complied with all obligations to employees, including salaries, benefits, and insurance[200]. - The independent non-executive directors have service agreements for a term of two years, which can be terminated with one month's written notice[45]. - The company emphasizes continuous professional development for all directors to ensure they remain informed and effective in their roles[106]. Environmental, Social, and Governance (ESG) - The company is committed to environmental sustainability and compliance with applicable laws and regulations in its operations[81]. - The group aims to become a leading network systems integrator and software developer, focusing on providing financial returns to shareholders and value to other stakeholders[144]. - The board is responsible for overseeing environmental, social, and governance (ESG) matters, ensuring management has the necessary tools and resources to monitor these issues[146]. - The report emphasizes the importance of stakeholder engagement and transparency in operations, with various communication channels established for feedback[157]. - The total greenhouse gas emissions for the year 2022 were 20.46 tons of CO2 equivalent, a decrease of 2.84 tons compared to 2021[170]. Audit and Compliance - The consolidated financial statements for the year ended March 31, 2022, have been audited by Zhonghui Anda CPA Limited[87]. - The audit committee conducted two meetings during the year, reviewing the audited financial statements and ensuring compliance with accounting principles and regulations[118]. - The audit committee expressed satisfaction with the independence of the external auditor and the audit process for the year ending March 31, 2022[119]. - The company has adopted a share option scheme, but no options were granted or exercised during the reporting period[61].
伟俊集团控股-新(01013) - 2022 - 年度财报