Financial Performance - The group's revenue for the year ended December 31, 2021, was approximately RMB 1,010.5 million, a decrease of about 14.0% compared to RMB 1,175.0 million for the year ended December 31, 2020[6]. - The loss attributable to equity holders for the year was approximately RMB 90.6 million, compared to a loss of RMB 33.9 million in the previous year[6]. - The basic loss per share was RMB 4.4 cents, compared to RMB 1.9 cents in the previous year[6]. - The group's total revenue for the reporting period was approximately RMB 1,010.5 million, a decrease of about 14.0% compared to RMB 1,175.0 million for the year ended December 31, 2020[41]. - The gross profit for the group was approximately RMB 206.3 million, down about 19.1% from RMB 255.0 million for the year ended December 31, 2020[42]. - The gross profit margin decreased by approximately 1.3% to about 20.4%, compared to 21.7% for the year ended December 31, 2020[42]. - The group recorded a net loss attributable to equity holders of approximately RMB 90.6 million, compared to a net loss of RMB 33.9 million for the year ended December 31, 2020, resulting in a net loss margin of about 9.0%[53]. Segment Performance - The personal care products segment generated total revenue of approximately RMB 499.3 million, a decline of about 32.2% from RMB 736.9 million in the previous year[12]. - The gross profit for the personal care products segment was approximately RMB 94.1 million, down about 41.6% from RMB 161.1 million in the previous year[12]. - The gross profit margin for the personal care products segment decreased by approximately 3.1% to about 18.8% due to increased manufacturing costs[12]. - The personal care products segment recorded a loss of approximately RMB 54.8 million, compared to a loss of RMB 17.6 million in the previous year[12]. - The catering services segment contributed approximately RMB 412.9 million in total revenue, an increase of about 17.2% compared to RMB 352.4 million for the year ended December 31, 2020[13]. - The total gross profit for the catering services was approximately RMB 42.5 million, a decrease of about RMB 5.7 million from RMB 48.2 million for the year ended December 31, 2020, resulting in a gross margin of approximately 10.3%, down about 3.4% year-on-year[13]. - The financial services segment generated total revenue of approximately RMB 88.9 million, a significant increase of about 56.0% from RMB 57.0 million for the year ended December 31, 2020[15]. - The securities investment business recorded a loss of approximately RMB 3.1 million, compared to a profit of approximately RMB 10.7 million for the year ended December 31, 2020, due to global market volatility[19]. - The securities brokerage, asset management, and professional services business achieved revenue of approximately RMB 76.1 million, up from RMB 31.2 million for the year ended December 31, 2020, driven by increased demand for fund establishment and management services[20]. - The lending, leasing, and factoring business recorded revenue of approximately RMB 12.5 million, a slight decrease from RMB 13.8 million for the year ended December 31, 2020, as resources were reallocated to securities brokerage and asset management[24]. - The lending segment reported a loss of approximately RMB 18.2 million, compared to a profit of approximately RMB 0.6 million for the year ended December 31, 2020[28]. - The property holding segment recorded a loss of approximately RMB 10.7 million, an improvement from a loss of approximately RMB 16.5 million for the year ended December 31, 2020[31]. - The trade and temperature-controlled warehousing segment contributed total revenue of approximately RMB 9.4 million, down from RMB 28.7 million for the year ended December 31, 2020[35]. - The trade business did not contribute any revenue during the reporting period, compared to RMB 10.7 million for the year ended December 31, 2020, due to a strategic focus on developing other more promising business segments[37]. Business Strategy and Development - The company plans to continue strengthening and developing its diversified business portfolio in a sustainable manner in 2022[6]. - The company will review the performance of its existing businesses and adopt a prudent approach to business development[6]. - The group plans to cautiously develop its restaurant services business due to high procurement costs and operational difficulties caused by COVID-19 restrictions[77]. - The group aims to expand into the financial services sector, leveraging Hong Kong's unique advantages as an offshore RMB business hub[79]. - The board intends to strengthen the capital base of its wholly-owned subsidiary, Aggregated Financial Services, to enhance the group's financial services business[80]. - The group will continue to review the performance of its existing businesses and consider expanding into potential segments to enhance profitability and shareholder value[81]. - The group is open to considering other investment opportunities as appropriate, in line with the listing rules[81]. - The group is committed to enhancing its operational efficiency and exploring new business avenues for future growth[81]. Governance and Compliance - The company has adopted the corporate governance code principles as outlined in the listing rules, ensuring compliance with governance standards[104]. - The board of directors consists of three independent non-executive directors, meeting the requirement of at least one-third representation[108]. - The company emphasizes the importance of good corporate governance practices for maintaining investor confidence and sustainable development[103]. - The board is responsible for overseeing the company's business, strategic decisions, and performance to enhance shareholder value[105]. - The company has experienced a leadership transition, with the former chairman resigning on June 30, 2021, and the board is in the process of identifying a suitable replacement[114]. - The company’s executive directors are responsible for different business functions, leveraging their expertise to drive the group's objectives[109]. - The company has ensured that all independent non-executive directors are independent according to the listing rules[110]. - The company’s management team has extensive experience in their respective fields, contributing to effective operational management[101]. - The company is committed to transparency and accountability in its operations, as reflected in its governance practices[103]. - The company’s governance practices are regularly reviewed to ensure alignment with operational growth and business needs[105]. - The board held a total of 9 meetings, with attendance rates for individual directors ranging from 9/9 to 10/10 for board meetings[120]. - The company has adopted a standard code for securities trading, confirming that all directors complied with it during the fiscal year ending December 31, 2021[125]. - The board has established five committees to oversee specific aspects of the company, including an executive committee and an audit committee[129]. - The company provided regular updates and training to directors on business operations and corporate governance matters[118]. - The investment and credit committee held 12 meetings during the fiscal year, indicating active oversight in this area[121]. - The company has a written guideline for employees regarding securities trading, which is not less stringent than the standard code[126]. - The board is responsible for reviewing and monitoring compliance with legal and regulatory requirements[127]. - The company ensures that all directors are aware of their responsibilities and obligations under the listing rules and relevant regulations[118]. Employee and Social Responsibility - The group employed 1,039 employees as of December 31, 2021, compared to 1,013 employees as of December 31, 2020, indicating a growth of approximately 2.6% in workforce[83]. - The group emphasizes employee development and provides opportunities for skill enhancement[184]. - The group has established a mandatory provident fund plan, contributing 5% of each employee's relevant income, with a monthly contribution cap of HKD 30,000[83]. - The group made donations totaling approximately RMB 2.4 million during the year ending December 31, 2021[188]. - The group has established long-term relationships with multiple suppliers, ensuring compliance with product quality and ethical commitments[187]. Financial Position and Capital Management - The group’s cash and bank balances as of December 31, 2021, were approximately RMB 364.2 million, compared to RMB 359.2 million as of December 31, 2020[55]. - The group’s significant capital expenditures for the reporting period were approximately RMB 25.2 million, down from RMB 45.9 million for the year ended December 31, 2020[54]. - The group’s total liabilities to total assets ratio was approximately 48.6% as of December 31, 2021, slightly down from 49.4% as of December 31, 2020[69]. - The group’s bank borrowings amounted to approximately RMB 72.6 million as of December 31, 2021, an increase from RMB 50.0 million as of December 31, 2020[70]. - The company will consider the group's financial condition, cash needs, and market conditions when deciding on dividend payments[182]. - The board decided not to declare any final dividend for the year ended December 31, 2021, consistent with the previous year[85]. - As of December 31, 2021, the distributable reserves of the company were approximately RMB 259,029,000[179]. Risk Management and Environmental Compliance - The company is committed to monitoring risks related to economic conditions, foreign exchange policies, and raw material prices[176]. - The company has established an environmental safety department to oversee compliance with environmental laws and regulations[177]. - The company has a dedicated plan to address environmental emergencies and ensure compliance with applicable environmental standards[177]. - The risk management and internal control systems were deemed effective and sufficient after a review by the Board[155]. Miscellaneous - The group has no significant management or administrative contracts in place for the year[196]. - The group has no directors with interests in any competing businesses during the year[198]. - The group recorded sales to its top five customers amounting to 49% of total sales for the year, with the largest customer accounting for 16% of total sales[183]. - The new stock option plan adopted on June 25, 2021, is valid for 10 years, with no options granted yet under this plan[200]. - The group has a nationwide marketing team capable of closely collaborating with international clients[185].
未来发展控股(01259) - 2021 - 年度财报