Financial Performance - The company reported a revenue of approximately HKD 537.3 million for the year ended March 31, 2023, representing an increase of about 27.6% compared to HKD 421.1 million for the year ended March 31, 2022[5]. - The profit attributable to shareholders significantly increased to approximately HKD 9.8 million for the year ended March 31, 2023, compared to HKD 4.4 million for the previous year[5]. - The group's gross profit for the year ended March 31, 2023, was approximately HKD 43.3 million, compared to HKD 29.6 million for the year ended March 31, 2022, representing an improvement in gross margin from 7.0% to 8.1%[13]. - Other income increased significantly to approximately HKD 6.6 million for the year ended March 31, 2023, up 153.8% from approximately HKD 2.6 million for the year ended March 31, 2022, primarily due to government subsidies[14]. - The group recorded a net profit attributable to owners of approximately HKD 9.8 million for the year ended March 31, 2023, compared to HKD 4.4 million for the year ended March 31, 2022, reflecting improved gross profit and government subsidies[20]. Revenue Sources - Revenue from foundation and site formation works reached approximately HKD 523.9 million, an increase of about 27.5% from HKD 410.9 million in the previous year[10]. - Revenue from machinery leasing amounted to approximately HKD 13.4 million, reflecting a growth of about 31.4% from HKD 10.2 million in the previous year[10]. Contracts and Projects - The company secured 34 new contracts with a total original contract value of approximately HKD 678.4 million during the fiscal year[9]. - As of March 31, 2023, the company had 29 projects on hand, including ongoing and awarded but not yet commenced projects[9]. Cost Management and Efficiency - The gross profit margin improved due to successful cost control measures implemented on projects[5]. - The company will continue to monitor market conditions closely and implement measures to control costs and improve project management efficiency[8]. - The company aims to improve project cost control measures and enhance project management teams to increase productivity[52]. Assets and Liabilities - Total assets as of March 31, 2023, were approximately HKD 234.2 million, up from approximately HKD 215.0 million as of March 31, 2022, with current assets increasing to approximately HKD 183.7 million[21]. - Total liabilities increased to approximately HKD 107.1 million as of March 31, 2023, from approximately HKD 97.7 million as of March 31, 2022, with current liabilities at approximately HKD 92.2 million[21]. - The debt-to-equity ratio as of March 31, 2023, was approximately 16.0%, up from 7.0% as of March 31, 2022, indicating a rise in leverage[22]. Employee and Labor Information - The total employee cost for the year ended March 31, 2023, was approximately HKD 170.9 million, a significant increase from HKD 116.8 million for the year ended March 31, 2022[47]. - The number of employees increased to 427 as of March 31, 2023, from 363 as of March 31, 2022, primarily due to labor-intensive projects[47]. - The employee turnover rate for full-time staff was approximately 19%, a significant decrease from 41% in 2022[165]. Governance and Compliance - The company has maintained a high standard of corporate governance, adhering to the guidelines set forth by the Hong Kong Stock Exchange[66]. - The board consists of five directors, including two executive directors and three independent non-executive directors, complying with listing rules[75]. - The company has adopted a board diversity policy aimed at achieving a balanced and sustainable development, recognizing the benefits of a diverse board[86]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an effective governance structure to oversee environmental, social, and governance (ESG) matters, with management responsible for identifying business risks and formulating related strategies[131]. - The ESG report complies with the Hong Kong Stock Exchange's guidelines, ensuring mandatory disclosure requirements are met[132]. - The company has identified significant ESG issues, including emissions, energy consumption, waste management, and climate change, which are prioritized based on their impact on stakeholders[139]. Health and Safety - The company has implemented strict health and safety regulations on construction sites, requiring employees to wear personal protective equipment such as helmets and safety goggles[169]. - The company reported zero work-related fatalities for the fiscal years 2020/21, 2021/22, and 2022/23, maintaining a work-related death rate of 0%[172]. - The number of reported accidents resulting in more than three days of sick leave increased from 4 in 2021/22 to 9 in 2022/23, indicating a rise in workplace incidents[172]. Community Engagement - The group participated in multiple meaningful activities organized by charitable organizations, including "Casual Day 2022" and "Green Low Carbon Day 2022," to support community needs[190]. - The group sponsored the 2023 Annual Safety Seminar organized by the Registered Safety Officers Association, with over 100 attendees sharing safety and health information[190].
荣智控股(06080) - 2023 - 年度财报