Financial Performance - Total revenue for the year ended March 31, 2022, increased by approximately HKD 77.0 million or 14.7% to approximately HKD 600.9 million from approximately HKD 523.9 million for the year ended March 31, 2021[8]. - Gross profit for the year ended March 31, 2022, increased by approximately HKD 4.2 million or approximately 99.5% to approximately HKD 8.5 million, driven by the increase in total revenue[8]. - The company recorded a loss attributable to equity shareholders of approximately HKD 12.5 million for the year ended March 31, 2022, compared to a profit of approximately HKD 2.6 million for the year ended March 31, 2021[8]. - Basic loss per share for the year ended March 31, 2022, was approximately HKD 0.83 cents, compared to basic earnings of approximately HKD 0.18 cents per share for the previous year[19]. - Other income decreased significantly by approximately 82.4% from HKD 23,757,000 to HKD 4,188,000, primarily due to the absence of government subsidies[32]. - Administrative expenses were reduced by about 3.6%, from HKD 21,355,000 to HKD 20,595,000, mainly due to a decrease in headquarters staff salaries[34]. - Financing costs increased by approximately 7.3%, rising from HKD 2,796,000 to HKD 3,001,000, attributed to higher lease liabilities interest[35]. - The company reported a loss attributable to equity shareholders of approximately HKD 12,497,000 for the year, compared to a profit of HKD 2,631,000 in the previous year[37]. - As of March 31, 2022, the company had cash and cash equivalents of approximately HKD 136,421,000, down from HKD 186,621,000 a year earlier[39]. - The capital-to-equity ratio increased to approximately 97.1% from 86.6% in the previous year, indicating a higher level of financial leverage[39]. Revenue Breakdown - Revenue from private sector projects for the year ended March 31, 2022, was approximately HKD 558.3 million, accounting for about 92.9% of total revenue, compared to 86.3% in the previous year[16]. - Revenue from public sector projects for the year ended March 31, 2022, was approximately HKD 42.6 million, accounting for about 7.1% of total revenue, down from 13.7% in the previous year[16]. - The number of projects contributing to revenue increased from 42 to 50, with one project exceeding HKD 100,000,001 and 12 projects between HKD 10,000,001 and HKD 50,000,000[27]. Business Strategy and Outlook - The company plans to diversify its business scope and client base to mitigate market risks amid increasing competition and rising costs in the template engineering industry[10]. - The outlook for the template engineering industry remains challenging with increased competition and uncertainty in labor and material costs[10]. - The company will continue to adopt prudent capital management and liquidity risk management to maintain sufficient buffers against future challenges[10]. Corporate Governance - The company has adopted the corporate governance code as per the listing rules, aiming to maintain high standards of corporate governance to protect shareholder interests[84]. - The company confirmed compliance with the applicable code provisions of the corporate governance code for the year ended March 31, 2022[85]. - The board consists of five executive directors and three independent non-executive directors, ensuring a high level of independence for effective independent judgment[90]. - The company has established four board committees: Audit Committee, Nomination Committee, Remuneration Committee, and Investment Committee to oversee various aspects of the company's affairs[87]. - The company has a commitment to transparency, accountability, and safeguarding shareholder interests through effective internal controls and risk management procedures[84]. - The board consists of eight directors, with one female member, highlighting the need for improved gender diversity[123]. - The company aims to enhance board diversity by increasing the proportion of female members and ensuring a balanced representation of different backgrounds[124]. Environmental, Social, and Governance (ESG) Initiatives - The report period covers from April 1, 2021, to March 31, 2022, detailing the company's ESG activities and future plans[149]. - The group has established an ESG working group to monitor ESG matters, which includes core members from various departments[151]. - The group aims to maintain or reduce total emissions density by the end of the fiscal year 2023 compared to the 2022 baseline[168]. - The group has not encountered any significant non-compliance with environmental laws and regulations during the reporting period[167]. - The group conducts regular meetings to evaluate the effectiveness of current policies and procedures related to ESG[151]. Employee Management - The total employee count as of March 31, 2022, was 941, down from 1,198 in the previous year, indicating a reduction of approximately 21.5%[61]. - The employee turnover rate for 2022 was 25.99%, with a breakdown of 28.00% for males and 44.17% for employees under 30 years old[197]. - The company aims to maintain competitive employee compensation and benefits to attract and retain talent[196]. - Safety training is mandatory for all employees working on construction sites[199]. Safety Management - A safety plan is required for each construction project, which is communicated to employees and subcontractors[199]. - The group recorded 21 work-related injuries during the reporting period, an increase from 12 in the previous year[199]. - The group has not recorded any work-related fatalities over the past three years, including the reporting period[199]. - The safety management system adopted by the group has been confirmed as adequate and effective[199].
建成控股(01630) - 2022 - 年度财报