Financial Performance - The company achieved a record revenue of HKD 452.8 million for the fiscal year ending March 31, 2023, representing a year-on-year growth of 10.9%[6] - The group's revenue for the year ended March 31, 2023, was approximately HKD 452.8 million, an increase of about 10.9% compared to HKD 408.2 million in the previous fiscal year[18] - Gross profit for the year ended March 31, 2023, was approximately HKD 69.6 million, up about 35.4% from approximately HKD 51.4 million in the previous fiscal year[18] - The gross profit margin increased from approximately 12.6% for the year ended March 31, 2022, to approximately 15.4% for the year ended March 31, 2023[19] - Net profit for the year ended March 31, 2023, was approximately HKD 42.1 million, compared to approximately HKD 36.9 million in the previous fiscal year, primarily due to improved gross profit margins on construction projects[29] - Other income for the year ended March 31, 2023, was approximately HKD 3.1 million, an increase from approximately HKD 2.2 million in the previous fiscal year[21] - Administrative expenses for the year ended March 31, 2023, were approximately HKD 34.0 million, an increase of about HKD 7.2 million compared to the previous fiscal year[23] - The group received dividends totaling approximately HKD 5.6 million from Ruijing Management Holdings Limited for the year ending March 31, 2023, a decrease from HKD 15.0 million in the previous year, primarily due to longer repayment cycles for charter income[43] Assets and Equity - Total assets increased by approximately 11.4% from about HKD 279.1 million as of March 31, 2022, to about HKD 310.8 million as of March 31, 2023[30] - The group's total equity as of March 31, 2023, was approximately HKD 310.8 million, up from HKD 279.1 million as of March 31, 2022[33] - The debt-to-equity ratio as of March 31, 2023, was approximately 0.7%, down from 1.5% as of March 31, 2022[34] - Cash and cash equivalents as of March 31, 2023, were approximately HKD 235.3 million, compared to HKD 153.3 million as of March 31, 2022[31] Dividends and Shareholder Information - The board proposed a final dividend of HKD 0.035 per share, reflecting confidence in the company's future prospects and financial stability[8] - The company proposed a final dividend of HKD 0.035 per share, consistent with the previous year[70] - The company does not foresee any shareholder waivers or agreements regarding dividend payments as of the report date[71] - As of March 31, 2023, the company’s directors and senior management held a total of 300,372,000 shares, representing 71.55% of the issued share capital[92] - Major shareholders include LOs Brothers (PTC) Limited and Choi Ka Holdings Limited, each holding 300,372,000 shares, representing 71.55% of the issued share capital[95] Employee and Labor Matters - The group has a total of 177 full-time employees as of March 31, 2023, compared to 171 in 2022, with employee costs amounting to approximately HKD 78.9 million, up from HKD 64.7 million in 2022[41] - Government subsidies from the "Employment Support" scheme offset employee costs by approximately HKD 2.7 million for the year ended March 31, 2023, compared to zero in 2022[86] - The company continues to maintain a zero fatality rate and low accident rates, prioritizing employee safety and professional development[9] Business Strategy and Market Outlook - The company is actively participating in multiple contract bids and maintains a cautiously optimistic outlook for future market conditions[11] - The company is focused on optimizing construction services and exploring new business channels to meet customer demands[7] - The management is committed to identifying further acquisition opportunities and business collaborations to improve operational efficiency and profitability[11] - The group is actively participating in project bidding and monitoring industry developments for potential business expansion[49] Corporate Governance - The board consists of 6 members, including 2 executive directors, 1 non-executive director, and 3 independent non-executive directors, ensuring compliance with the Listing Rules[132] - The independent non-executive directors have confirmed their independence annually as per the Listing Rules, and the board believes all independent non-executive directors are independent[133] - The company has established a governance framework to ensure compliance with corporate governance codes and regulations[143] - The board conducts annual evaluations of its performance and the effectiveness of its governance practices[134] Environmental and Safety Practices - The company emphasizes the importance of health, safety, and environmental matters, with a dedicated committee meeting bi-monthly[160] - The safety, health, and environmental committee aims to improve overall safety performance and achieve a zero fatal accident goal, with a focus on reducing incident rates[161] - The company has obtained ISO 14001:2015 environmental management system certification to promote sustainable development practices[193] - The company has implemented comprehensive water quality mitigation measures to comply with regulations and better manage water resources across projects, focusing on water conservation and discharge quality[197] Risk Management - The board is responsible for evaluating and managing risks associated with achieving strategic objectives, ensuring effective risk management and internal control systems[153] - The company engaged an independent professional firm to conduct internal audits and risk assessments, with no significant risks or control deficiencies identified[154] Community Engagement and Charitable Activities - Charitable donations made by the group amounted to HKD 540,500 for the year ending March 31, 2023[78] Technology and Innovation - The company is leveraging innovative technology and artificial intelligence to enhance productivity, efficiency, and safety[44]
万景控股(02193) - 2023 - 年度财报