Financial Performance - The company reported a loss of approximately HKD 128.9 million for the year ended March 31, 2022, compared to a profit of approximately HKD 118.3 million for the previous year, representing a decrease of about 209.0%[17]. - Revenue decreased from approximately HKD 371.1 million for the year ended March 31, 2021, to approximately HKD 303.6 million for the year ended March 31, 2022, a decline of about 18.2%[19]. - The profit before tax for the year ended March 31, 2022, was a loss of HKD 125.3 million, compared to a profit of HKD 135.2 million in the previous year[5]. - The group recorded a loss of approximately HKD 42.9 million from the sale of debt instruments measured at fair value through other comprehensive income, compared to a gain of HKD 11.2 million in 2021[25]. - The net loss from fair value changes of debt instruments recognized in other comprehensive income amounted to approximately HKD 313.4 million, compared to a net gain of HKD 32.4 million in 2021[25]. - The group recognized impairment losses related to debt instruments measured at fair value through other comprehensive income of approximately HKD 183.1 million, significantly higher than HKD 5.0 million in 2021[25]. Revenue Breakdown - The financial communications services segment generated revenue of approximately HKD 302.4 million for the year ended March 31, 2022, down about 16.9% from approximately HKD 363.9 million in the previous year[21]. - The international roadshow services segment saw a significant revenue drop of approximately 83.6%, with revenue of about HKD 1.2 million for the year ended March 31, 2022, compared to approximately HKD 7.2 million in the previous year[24]. Assets and Liabilities - Total assets decreased to approximately HKD 1,548.8 million as of March 31, 2022, from HKD 2,004.7 million in the previous year[8]. - Total liabilities decreased to approximately HKD 157.6 million as of March 31, 2022, compared to HKD 361.0 million in the previous year[8]. - The company’s equity attributable to owners was approximately HKD 1,391.1 million as of March 31, 2022, down from HKD 1,643.6 million in the previous year[8]. Dividend Policy - The company did not recommend a final dividend for the year ended March 31, 2022, consistent with the previous year where no dividend was paid[18]. - The board recommends not to declare a final dividend for the year ending March 31, 2022, maintaining the previous year's dividend of zero[60]. Strategic Initiatives - The group has expanded its presence in mainland China with established offices in Beijing, Shanghai, Shenzhen, and Chengdu, enhancing service capabilities for regional clients[38]. - The group launched the Haotian Cloud App to provide a one-stop online roadshow and earnings meeting live streaming service amid the ongoing COVID-19 pandemic[37]. - The group aims to leverage its experience and online technology to create new growth drivers and strengthen its leadership position in the industry[38]. Corporate Governance - The audit committee consists of three independent non-executive directors, responsible for reviewing financial reporting and internal controls[122]. - The board of directors held four meetings during the fiscal year ending March 31, 2022[129]. - All independent non-executive directors have confirmed their independence in accordance with the listing rules[92]. - The company has adhered to all corporate governance codes, with a noted exception regarding the separation of the roles of Chairman and CEO[127]. Risk Management - The company has identified key risks including operational and market risks, influenced by macroeconomic conditions and financial instability[65]. - The risk management and internal control systems are structured in three levels, with the board responsible for establishing the framework and ensuring effective communication across departments[147]. - The compliance department conducted an assessment of the company's risk management and internal control, indicating no significant weaknesses[148]. Environmental and Social Responsibility - The company emphasizes environmental protection, implementing initiatives like a paperless office and using LED lighting to reduce energy consumption[61]. - The company has implemented a green office program aimed at reducing energy consumption and improving resource efficiency in daily operations[163]. - The company has not reported any significant non-compliance issues regarding air and greenhouse gas emissions, wastewater discharge, or waste generation during the fiscal year[170]. - The group aims to fulfill its corporate social responsibility by participating in charitable donations and encouraging employee involvement in community activities[188]. Employee Relations - The company prioritizes employee development through competitive compensation and performance evaluation systems[67]. - The company has provided competitive compensation and medical insurance to its employees, adhering to human resources practices that comply with applicable laws and regulations[175]. - The company has established occupational safety and health guidelines to ensure a safe working environment for employees, complying with relevant regulations[176]. Shareholder Information - As of March 31, 2022, the company had a total of 815,616,000 shares held by Liu Tianqi, representing 70.83% of the issued share capital[100]. - Sapphire Star holds 750,000,000 shares, accounting for 65.14% of the company's issued share capital[110]. - Fidelity Fund Limited holds 62,388,000 shares, representing 5.42% of the company's issued share capital[110]. - Fidelity China Special Situations Fund holds 61,952,000 shares, representing 5.38% of the company's issued share capital[110]. Compliance and Legal Matters - The company recognizes the importance of compliance with regulatory requirements and has maintained a good working relationship with regulators[64]. - The group has implemented a strict anti-corruption policy and has not reported any cases of corruption during the fiscal year ending March 31, 2022[187]. - The group is committed to protecting human rights and complies with all relevant laws regarding forced labor and child labor[181].
皓天财经集团(01260) - 2022 - 年度财报