Financial Performance - For the fiscal year ended December 31, 2021, the company recorded revenue of approximately HKD 283.5 million, an increase of about 37.1% compared to HKD 206.8 million in 2020[9]. - The company's loss for the fiscal year was approximately HKD 123 million, a decrease of about 28.5% from a loss of HKD 172 million in 2020[17]. - The QR code business generated revenue of approximately HKD 117.6 million, representing a 41.2% increase from HKD 83.3 million in 2020, with a segment profit of approximately HKD 24.2 million compared to a loss of HKD 6.5 million in the previous year[18]. - The packaging products business recorded revenue of approximately HKD 172.5 million, an increase of about 27.4% from HKD 135.4 million in 2020, with a segment profit of approximately HKD 7.5 million, up 44.2% from HKD 5.2 million[19]. - The revenue from the spirulina product business increased significantly to approximately HKD 1,300,000, up from HKD 41,000 in the previous year, marking a substantial growth[24]. Business Strategy and Operations - The company plans to optimize production capacity for its spirulina products, aiming for an annual capacity of 4,000 tons by the second half of 2022[10]. - The company will continue to expand its customer base in the QR code and packaging product businesses, investing resources to enhance QR code technology[10]. - The company believes that natural health products, such as spirulina and microalgae products, have growth potential, especially in the context of increasing health awareness due to the COVID-19 pandemic[10]. - The company has constructed production facilities for spirulina and related products in Shanxi Province, China, with production capacity gradually increasing[10]. - The company aims to further expand its market presence in other countries supported by a stable supply of spirulina[10]. Financial Investments - The financial investment business recorded a fair value loss of HKD 25,100,000 for the year, compared to a loss of HKD 14,200,000 in the previous year[22]. - The company sold shares of Genius Spring Limited for HKD 40,000,000, resulting in a loss of approximately HKD 8,300,000[37]. - The sale of Hope Capital Limited shares generated HKD 160,000,000, with a loss of about HKD 14,300,000 recognized[37]. - The group employed approximately 509 full-time employees and 8 part-time employees as of December 31, 2021, compared to 506 full-time employees in 2020[47]. - The company invested approximately HKD 16,156,000 in financial products as of December 31, 2021[62]. Corporate Governance - The company has adopted a stock option plan as a long-term incentive for eligible employees and directors[123]. - The board of directors has confirmed the independence of independent non-executive directors as per the relevant regulations[116]. - The company has established an executive committee responsible for overseeing management and daily operations[172]. - The board has not established a corporate governance committee, with its functions being collectively undertaken by the board[172]. - The company provides regular updates to directors regarding business changes and developments to assist informed decision-making[149]. Shareholder Information - Shareholders can request a special general meeting if they hold at least 10% of the voting rights of the company[191]. - If the board does not convene a special general meeting within 21 days of the request, the requesting shareholders can call the meeting themselves within 3 months[194]. - Shareholders can submit written requests to propose resolutions for the upcoming annual general meeting, including notices and statements not exceeding 1,000 words[196]. - Valid requests can be made by shareholders holding at least 5% of the total voting rights or by at least 100 shareholders[197]. - The company is required to provide notice to shareholders regarding any proposed resolutions for the upcoming annual general meeting[196]. Employee and Director Compensation - The total remuneration paid to the independent auditor was approximately HKD 1,900,000, with HKD 1,500,000 for audit services and HKD 400,000 for non-audit services[187]. - The salary range for senior management shows that 9 individuals earned less than HKD 1,000,000, while 2 individuals earned between HKD 1,000,001 and HKD 2,000,000[178]. - The compensation committee consists of two executive directors and three independent non-executive directors, with a focus on recommending compensation policies for directors and senior management[177]. - In the fiscal year ending December 31, 2021, the compensation committee held one meeting, with all members present[178]. Audit and Compliance - The financial statements have been audited by Deloitte Touche Tohmatsu Certified Public Accountants[139]. - The audit committee held two meetings during the fiscal year ending December 31, 2021, with attendance as follows: Xia Qicai (2/2), Zhang Rongping (1/2), and Du Chengquan (2/2)[174]. - The audit committee reviewed the group's annual performance for the fiscal year ending December 31, 2021, ensuring compliance with applicable accounting standards[174]. - The company has complied with the corporate governance code as per the listing rules throughout the year[143].
透云生物(01332) - 2021 - 年度财报