Financial Performance - The company reported a revenue of approximately HKD 277.7 million for the year ended April 30, 2023, an increase of about HKD 46.4 million or 20.1% compared to approximately HKD 231.3 million for the year ended April 30, 2022[16]. - The profit attributable to the company's owners for the year ended April 30, 2023, was approximately HKD 7.1 million, a turnaround from a loss of approximately HKD 7.0 million for the previous year, representing an increase of about HKD 14.1 million[8]. - Total revenue for the year ended April 30, 2023, was approximately HKD 277.7 million, compared to HKD 231.3 million in 2022, representing an increase of about 20.1%[17]. - Gross profit increased by approximately 25.6% from about HKD 24.2 million in 2022 to about HKD 30.4 million in 2023, with a gross margin of 10.9%[22]. - Selling costs rose by approximately 19.4% from about HKD 207.0 million in 2022 to about HKD 247.2 million in 2023[21]. - Administrative expenses decreased by approximately 27.7% from about HKD 27.8 million in 2022 to about HKD 20.1 million in 2023[25]. - Other income increased to approximately HKD 2.7 million in 2023 from about HKD 7,000 in 2022, mainly due to government subsidies[23]. - Financial costs increased by approximately 240.0% from about HKD 0.5 million in 2022 to about HKD 1.7 million in 2023[27]. Revenue Sources - The increase in revenue was primarily driven by the rise in installation service revenue, which reached approximately HKD 48.9 million[16]. - Installation services revenue increased by approximately 23.2% from about HKD 210.4 million in 2022 to about HKD 259.3 million in 2023[18]. - Maintenance services revenue decreased by approximately 12.1% from about HKD 20.7 million in 2022 to about HKD 18.2 million in 2023[19]. - The company expects to maintain stable revenue sources by launching more projects and related works in Hong Kong in the coming year[8]. Business Strategy and Expansion - The company anticipates improved business performance due to the gradual recovery of the economy and the lifting of COVID-19 related restrictions[8]. - The company plans to expand its business in Hong Kong and seek strategic and financial partners for further overseas market development[9]. - The company aims to maintain its market position in the core Hong Kong market while exploring opportunities in the public sector and advanced fire safety systems for private buildings[10]. - The company is optimistic about the prospects of the fire safety services industry and believes it can expand its operations and maximize shareholder returns[11]. - The company will seek to strengthen its investor and shareholder base to support its business and expansion plans[11]. Corporate Governance - The company has appointed three independent non-executive directors, including Mr. Li Jia Jun, Mr. Xian Gong Hua, and Ms. Mai Xue Wen, enhancing governance and oversight[54]. - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[64]. - The company is committed to adhering to corporate governance principles and has complied with all applicable codes as of April 30, 2023[62]. - The company has established a corporate governance function to review and monitor compliance with legal and regulatory policies[70]. - The audit committee consists of three independent non-executive directors, ensuring compliance with corporate governance standards[78]. Employee and Training - As of April 30, 2023, the company employed 61 staff, with total employee costs approximately HKD 35.7 million, a decrease from HKD 44.7 million in 2022[49]. - The company has adopted a share option scheme to attract and retain talent, with no options granted under the scheme as of the report date[49]. - The group places significant emphasis on employee training and development to enhance performance, including safety supervision and portable fire extinguisher training courses[167]. - The company emphasizes continuous education and quality training for employees, although no training sessions were conducted during the year due to COVID-19[141]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance report covers activities from May 1, 2022, to April 30, 2023, focusing on sustainability strategies[113]. - The company is increasing its focus on greenhouse gas emissions and climate change, aiming to improve data collection systems[113]. - The company has achieved ISO 14001:2015 certification for its environmental management system, enhancing environmental awareness and pollution prevention[118]. - The total greenhouse gas emissions from the Hong Kong office increased to 24,937 kg in 2023 from 21,069 kg in 2022, representing a 18.5% increase[122]. - The total energy consumption in the Hong Kong office rose to 39,460 kWh in 2023, up from 33,339 kWh in 2022, marking an increase of 18.4%[127]. Shareholder Information - As of April 30, 2023, major shareholders include Garden Wealth Investment Limited and Ms. Lai Man Ying, each holding 213,660,000 shares, representing 22.26% of the issued share capital[193]. - Great Season Ventures Limited and Mr. Jiang Jianhui hold 123,660,000 shares, accounting for 12.88% of the issued share capital[193]. - The group did not declare any final dividends for the year ended April 30, 2023, nor any interim dividends for the six months ended October 31, 2022[173]. - The company has no arrangements that would allow directors and key executives to hold interests in the company's shares or related securities[192].
鸿盛昌资源(01850) - 2023 - 年度财报