Financial Performance - For FY2022, the Group reported total revenue of approximately HK$134.8 million, a decrease of approximately 9.2% compared to HK$148.5 million in FY2021[24]. - The Group's loss for FY2022 was approximately HK$4.5 million, down from a loss of approximately HK$5.7 million in FY2021[24]. - Revenue for FY2022 was approximately HK$134.8 million, representing a decrease of about 9.2% compared to approximately HK$148.5 million in FY2021[47]. - The Group recorded a loss of approximately HK$4.5 million for FY2022, a decrease from a loss of approximately HK$5.7 million in FY2021, primarily due to increased impairment losses under the expected credit loss model[45]. - Basic loss per share attributable to owners of the Company for FY2022 was HK$0.52 cents, down from HK$0.66 cents in FY2021[47]. - The Group's total equity as of 31 March 2022 was HK$212.3 million, a decrease from HK$216.1 million in FY2021[107]. - The Group's current ratio as of 31 March 2022 was 1.48, indicating a decrease from 1.83 in FY2021, reflecting a tighter liquidity position[107]. - The Group reported a loss attributable to owners of approximately HK$4.46 million for the fiscal year ended March 31, 2022[112]. - Earnings per share for the year were reported at a loss of HK$0.52, compared to a loss of HK$0.66 in the previous year[112]. Revenue Breakdown - Rental income from equipment decreased to approximately HK$97.4 million in FY2022, down from approximately HK$101.9 million in FY2021, accounting for approximately 72.3% of the Group's total revenue[72]. - Revenue from trading business decreased to approximately HK$17.8 million in FY2022, down from approximately HK$27.5 million in FY2021, as the Group focused more on equipment disposal[52]. - The Group's other service income increased to approximately HK$7.2 million in FY2022 from approximately HK$6.3 million in FY2021, representing about 5.4% of total revenue[74]. - Revenue from sales of machinery and parts decreased by approximately 35.5% from approximately HK$27.5 million in FY2021 to approximately HK$17.8 million in FY2022[75]. Cost and Expenses - Administrative expenses increased to approximately HK$34.1 million in FY2022, up from approximately HK$31.4 million in FY2021, mainly due to hiring more management staff and increased compliance costs[45]. - The Group's cost of sales and services amounted to approximately HK$114.2 million in FY2022, a decrease of approximately 12.1% from approximately HK$130.0 million in FY2021[76]. - Staff costs under the cost of sales and services increased by approximately HK$2.4 million due to hiring more technician staff[79]. - Other income decreased significantly by approximately 88.1%, from HK$6.6 million in FY2021 to HK$0.8 million in FY2022, primarily due to a reduction in government subsidies received[83]. Market Conditions - The overall market sentiment in the construction industry in Hong Kong remained poor due to the Covid-19 pandemic, impacting operational days at customer work sites[25]. - In the PRC, the construction industry remains affected by the debt crisis and Covid-19, prompting the Group to increase the disposal of low-utilization equipment and tighten credit control over customers[37]. - The Group anticipates no material improvement in leasing equipment demand in the PRC for FY2023 due to ongoing debt crises and the impact of Covid-19[65]. - Factors causing potential market weakness include economic recession due to the Covid-19 outbreak in Hong Kong since January 2022, increased construction material costs from the Russia-Ukraine conflict, and adverse changes in government infrastructure spending[137]. Investment and Future Plans - The Group plans to continue investing in advanced machines and solutions related to environmental protection and social responsibilities in FY2023[39]. - The Group plans to increase machinery sales and equipment disposal efforts in FY2023 to enhance revenues and cash inflow[64]. - Investment in e-commerce will be increased to support the growth of the trading business, aiming to generate more funds for advanced machines and new products[64]. - The Group aims to provide comprehensive solutions for customers in equipment usage, addressing both leasing and related services as well as environmental concerns in FY2023[39]. Corporate Governance and Share Options - The Group does not recommend the payment of a final dividend for the year ended 31 March 2022[40]. - The Share Option Scheme was adopted on 17 March 2016, but no share options have been granted or agreed to be granted up to 31 March 2022[151]. - The maximum number of shares available for issue under the Share Option Scheme must not exceed 30% of the issued share capital of the Company at any time[162]. - The Share Option Scheme aims to motivate participants to optimize their performance for the benefit of the Group[156]. Employee and Staffing - As of March 31, 2022, the Group employed a total of 130 employees, an increase from 116 employees in the previous year[199]. - For the year ended March 31, 2022, the staff costs amounted to approximately HK$51.3 million, compared to approximately HK$45.9 million in FY2021, reflecting an increase of about 9.3%[199]. - The remuneration policy for employees is determined by the Board based on performance, qualifications, competence, and job nature[199].
亚积邦租赁(01496) - 2022 - 年度财报