Financial Performance - The company reported revenue of approximately HKD 1,505.08 million for the year ended March 31, 2022, representing a year-on-year increase of about 44.9% from HKD 1,038.95 million in 2021[5]. - Profit attributable to the owners of the company was approximately HKD 113.06 million, compared to HKD 135.22 million in the previous year[5]. - The total dividend for the year was HKD 0.19 per share, including the proposed third interim dividend of HKD 0.06 per share[5]. - Other income and gains decreased significantly by approximately 81.0% to HKD 8.35 million, primarily due to the absence of COVID-19 related government subsidies received in the previous year[24]. - Income tax expense for the year was approximately HKD 24.84 million, an increase of about 34.1% from HKD 18.52 million in 2021[28]. - Profit attributable to owners for the year was approximately HKD 113.06 million, a decrease of about 16.4% from HKD 135.22 million in 2021, mainly due to government subsidies related to COVID-19 in the previous year[29]. Revenue Sources - Retail business remained the largest revenue source, achieving a significant revenue growth of approximately 74.2% due to increased brand recognition and the 2021 consumption voucher scheme[6]. - The distribution business experienced a revenue increase of about 24.4% through effective supply of popular mobile phones and related services[6]. - The operating services segment contributed approximately HKD 348.76 million in revenue, showing stable performance despite a slight decline of about 0.5% year-on-year[20]. - Retail business revenue rose sharply by approximately 74.2% year-on-year, primarily due to the 2021 consumption voucher scheme and an expanded mobile phone brand portfolio[21]. - The distribution business revenue increased by approximately 24.4% year-on-year, driven by product diversification[21]. Business Strategy and Outlook - The company plans to strengthen its retail network and expand its product portfolio to improve customer shopping experience[8]. - The outlook for the company remains optimistic, anticipating recovery in Hong Kong's retail sales driven by the second phase of the consumption voucher scheme[8]. - The company aims to optimize its business model and seek diversification opportunities for sustainable growth[8]. - The company plans to continue enhancing its retail network and e-commerce business while investing in employee training and retention[14]. - The company aims to maintain a cautious yet confident approach in expanding its retail network and optimizing its e-commerce platform[14]. Corporate Governance - The company has adhered to corporate governance codes, ensuring compliance with regulatory requirements throughout the fiscal year[62]. - The board currently consists of six executive directors and three independent non-executive directors, ensuring a balanced governance structure[64]. - The company has established various committees, including audit, remuneration, and nomination committees, to strengthen governance practices[61]. - The management team has extensive experience in their respective fields, contributing to the company's strategic direction and operational success[53]. - The company has an independent management team led by experienced senior management, responsible for executing the group's policies and strategies[67]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of effective environmental, social, and governance (ESG) management strategies for corporate success[114]. - The board has established environmental goals and will regularly review progress towards achieving these targets[115]. - Key environmental issues identified include energy management and greenhouse gas emissions[120]. - The company has committed to optimizing resource efficiency and recycling wherever feasible[126]. - The group has implemented energy-saving plans to enhance equipment efficiency and reduce energy consumption, resulting in 23 retail stores receiving a gold award for energy-saving activities[129]. Employee Management - The group employed 616 full-time employees as of March 31, 2022, down from 645 in 2021[46]. - The group emphasizes employee rights and adheres to labor laws, ensuring competitive compensation and benefits for full-time employees[136]. - The group provides various types of leave, including annual leave, sick leave, and maternity leave, in addition to mandatory contributions to social insurance and retirement plans[136]. - The employee turnover rate remained stable at 23% for both 2021/22 and 2020/21[160]. - The average training hours per employee was 14 hours, with 53% of employees receiving training in 2021/22, compared to 55% in 2020/21[160]. Risk Management and Compliance - The company has established policies to prevent child labor and forced labor, ensuring compliance with relevant laws[182]. - The group has not encountered any violations related to labor standards, including child labor and forced labor, during the year[135]. - The group has not encountered any violations related to personal data protection or intellectual property laws during the year[147]. - The group has not been aware of any corruption lawsuits against itself or its employees during the year[153]. - The company outlined its policies regarding the prevention of bribery, extortion, fraud, and money laundering, reflecting its governance standards[191].
电讯数码控股(06033) - 2022 - 年度财报