Financial Performance - The company reported revenue of approximately HKD 473.4 million for the fiscal year ending March 31, 2022, representing an increase of 8.2% year-on-year[9]. - Profit attributable to equity holders increased by 2.8% to approximately HKD 59.7 million, compared to HKD 58.1 million in the previous fiscal year[9]. - The gross profit decreased by approximately HKD 7.8 million or 6.1% to about HKD 120.2 million, with the gross margin declining by 3.9 percentage points to 25.4% due to rising raw material costs and the appreciation of the Renminbi against the US dollar[26]. - The net profit attributable to equity holders increased by approximately HKD 1.6 million or 2.8% to about HKD 59.7 million, with the net profit margin decreasing by 0.7 percentage points to 12.6%[30]. - The total employee cost for the group during the reporting period was approximately HKD 96.4 million, an increase from HKD 81.5 million in the previous fiscal year[45]. - The administrative expenses decreased by approximately HKD 4.2 million or 10.1% to about HKD 37.4 million, mainly due to the absence of listing expenses recorded in the previous fiscal year[27]. Sales and Market Performance - The company's hair care product sales in the US and Japan grew by 13.6% and 8.5% respectively during the reporting period[10]. - In the fiscal year 2022, the group's total revenue increased by approximately HKD 36.0 million or 8.2% to about HKD 473.4 million, primarily driven by a sales increase of HKD 70.1 million in personal care appliances, particularly hair care products[25]. - The sales of hair care products increased by 20.2% to HKD 416.2 million, while sales of grooming products decreased by 31.3% to HKD 30.5 million, and beauty products saw a significant decline of 85.7% to HKD 3.3 million[17]. - The group reported a geographical revenue breakdown with the US accounting for 49.4% of sales, Japan at 38.9%, Europe at 6.7%, and other regions at 5.0%[20]. Product Development and Launches - The company plans to launch its smart toilet product in mainland China by the second quarter of 2023, which is currently undergoing quality and technical testing[10]. - A new beauty product under the company's own brand has completed technical validation and is in the design phase, with an expected launch in mainland China by the first quarter of 2023[11]. - The group plans to launch its own brand of smart toilet machines and beauty devices in mainland China in the first and second quarters of 2023, respectively, aiming to capture market opportunities and drive revenue growth[21]. - The company continues to invest in R&D to enhance product quality and reduce operational costs[10]. Challenges and Risks - The company is facing challenges such as supply chain disruptions, raw material shortages, and rising costs due to the COVID-19 pandemic[10]. - The company does not participate in any currency hedging activities, exposing it to foreign exchange risks that could adversely affect its operating costs and financial condition[39]. Corporate Governance - The audit committee consists of three independent non-executive directors as of March 31, 2022, ensuring compliance with corporate governance codes[157]. - The company has established an audit committee, remuneration committee, and nomination committee to assist the board in fulfilling its responsibilities[185]. - The board consists of six members, including three executive directors and three independent non-executive directors[181]. - The company has maintained compliance with all corporate governance code provisions, except for a deviation regarding the roles of the chairman and CEO[164]. Shareholder Information - The board proposed a final dividend of HKD 0.015 per share, down from HKD 0.038 per share in the previous fiscal year, subject to shareholder approval[47]. - The board is unaware of any shareholders waiving or agreeing to waive their dividend rights as of the report date[81]. - The company has not entered into any management or administrative contracts concerning any significant part of its business as of March 31, 2022[125]. Future Outlook - Overall, the company remains optimistic about future growth, with a long-term vision to achieve a revenue target of $M million by 2025[61]. - The company provided guidance for the next quarter, expecting revenue to be between $A million and $B million, indicating a growth rate of C%[61]. - New product launches are anticipated to contribute an additional $D million in revenue, with a focus on innovative technology in the upcoming year[61].
科利实业控股(01455) - 2022 - 年度财报