Business Development and Strategy - The group successfully secured multiple new projects, including the construction of a public parking lot in Sheung Shui and renovation works at Cyberport[6]. - The group aims to enhance its market position by targeting projects with modular construction elements and exploring joint venture opportunities with strategic partners[8]. - A brand revitalization initiative will be launched in 2022 to attract young talent and strengthen the core business[8]. - The group plans to continue exploring property development opportunities following the acquisition of a property in Tsuen Wan[8]. - The group is actively pursuing opportunities to collaborate with property investors and developers to diversify its business[14]. - The group has invested in R&D for innovative assembly construction designs to enhance competitiveness in the assembly construction sector[13]. Financial Performance - The group's revenue increased from approximately HKD 151.8 million in the previous year to approximately HKD 204.3 million, representing a growth of about 34.6%[16]. - Revenue from building construction services surged by approximately 299.6%, rising from about HKD 21.8 million to approximately HKD 87 million[16]. - Gross profit rose from approximately HKD 19.5 million to about HKD 39.8 million, an increase of approximately 104.2%[18]. - The overall gross profit margin improved from approximately 12.8% in the previous year to about 19.5%[19]. - Direct costs increased by approximately 24.3%, from about HKD 132.3 million to approximately HKD 164.5 million, consistent with revenue growth[17]. - The group maintained a solid financial position with bank balances and cash of approximately HKD 57.6 million as of March 31, 2022, down from about HKD 92.3 million the previous year[28]. - The capital debt ratio decreased to approximately 15.5% from 22.1% in the previous year[29]. Governance and Compliance - The board believes the group's financial and liquidity position is good, considering the available credit facilities and cash resources as of March 31, 2022[45]. - The stock option plan was conditionally approved and remains effective since its transfer to the main board listing on October 26, 2017[46]. - No stock options have been granted, exercised, canceled, or lapsed under the stock option plan since its adoption[47]. - The board is responsible for ensuring timely publication of financial statements and compliance with legal requirements[81]. - The audit committee reviewed the group's financial performance and compliance with accounting principles, holding two meetings during the year[84]. - The company has established three committees: audit, remuneration, and nomination, all chaired by independent non-executive directors[80]. - The board is committed to acting in the best interests of the company and its shareholders, monitoring potential conflicts of interest[76]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental Management System (EMS) certified to ISO 14001:2015 to minimize environmental pollution from construction activities[134]. - Total greenhouse gas emissions for the reporting period amounted to 313 tons of CO2 equivalent, with direct emissions at 81 tons and indirect emissions at 232 tons[139]. - The company is committed to sustainable development and has set clear short-term and long-term goals for continuous emissions reduction[130]. - The company has implemented wastewater treatment facilities to ensure compliance with environmental standards, resulting in no complaints or violations during the reporting period[140]. - The company has established a corporate social responsibility policy to regulate its sustainable practices in various areas[130]. - The company has engaged stakeholders to enhance its sustainability practices and long-term business development[130]. Employee Management and Safety - The total number of employees as of March 31, 2022, is 69, with 50 males and 19 females[183]. - Employee turnover rate for 2022 is 3.4%, with male turnover at 3.7% and female turnover at 2.5%[185]. - The company achieved zero work-related accidents and zero fatalities in 2022, with a significant reduction in lost workdays due to injuries from 1,460 in 2020 to 0 in 2022[191]. - The company invests in employee training and development, providing both internal and external training opportunities[192]. - The company maintains a policy of equal employment opportunities regardless of age, gender, marital status, or other factors[178]. - The company has a strict policy against child and forced labor, ensuring no employees under 18 are hired[195].
德莱建业(01546) - 2022 - 年度财报