Financial Performance - For the year ended December 31, 2021, the group recorded revenue of approximately HKD 41.6 million, an increase of about 3.0% compared to approximately HKD 40.4 million for the year ended December 31, 2020[13]. - The profit attributable to owners of the company decreased by approximately 78.3% to about HKD 0.3 million, down from approximately HKD 1.5 million for the previous year[13]. - The group's revenue for the year ended December 31, 2021, was approximately HKD 41.6 million, an increase of about 3.0% compared to the previous year[17]. - The group's pre-tax profit for the year ended December 31, 2021, was approximately HKD 231,000, a decrease of about 84.3% from approximately HKD 1.5 million in the previous year[21]. - The total comprehensive income for the year was HKD 1,090,000, compared to HKD 2,706,000 in the previous year, a decline of approximately 60%[191]. - The operating profit decreased significantly to HKD 356,000 in 2021 from HKD 1,665,000 in 2020, indicating a decline of approximately 79%[191]. - The net profit attributable to the owners of the company was HKD 327,000 in 2021, down from HKD 1,510,000 in 2020, reflecting a decrease of about 78%[191]. - The company's total assets as of December 31, 2021, were HKD 45,120,000, slightly down from HKD 45,873,000 in 2020[194]. - The company's cash and cash equivalents were HKD 19,713,000 in 2021, down from HKD 28,001,000 in 2020, indicating a decrease of about 30%[194]. - The company reported a basic earnings per share of HKD 0.03 for 2021, compared to HKD 0.14 in 2020, a decline of approximately 79%[191]. Revenue and Income Sources - The decline in profit was primarily due to a decrease of approximately HKD 1.3 million in other income and other gains and losses[15]. - Other income decreased from approximately HKD 2.2 million to about HKD 1.3 million, primarily due to a reduction in government employment support subsidies of about HKD 1.6 million[22]. - Employee costs for the year ended December 31, 2021, were approximately HKD 24.8 million, an increase of about 2.0% from approximately HKD 24.3 million in the previous year[23]. - Other operating expenses increased to approximately HKD 13.7 million, a rise of about 9.8% from approximately HKD 12.5 million in the previous year[25]. Strategic Focus and Investments - The company is focusing on expanding its wealth management solution customer base, improving user trading applications, and extending its management cloud services to local brokerage clients[16]. - The company is investing in new product features, including mobile futures and derivatives trading applications and real-time A-share prices on the Wealto wealth management application[13]. - The company aims to enhance its competitiveness in the fintech market and solidify its position as a major financial software solution provider[16]. - The company plans to expand its wealth management business with a budget of HKD 2.60 million, with an expected completion date by December 2022[46]. - Investment in improving user transaction applications totaled HKD 6.80 million, with an actual utilization of HKD 1.60 million as of September 29, 2021[46]. - The establishment of a research and development center in China has a budget of HKD 10.70 million, with actual utilization of HKD 9.45 million[46]. Risk Management and Challenges - The ongoing COVID-19 pandemic and geopolitical tensions are expected to continue impacting the company's operations and economic recovery[16]. - The group faces risks including potential delays in R&D and challenges in collecting receivables, which could adversely affect its business and financial condition[30]. - The company will continue to adopt a prudent approach to cost management and risk control in response to external environmental changes[16]. Shareholder and Corporate Governance - The group expresses gratitude for the support from all shareholders and stakeholders during the challenging year[14]. - The company has adopted a general dividend policy allowing for the declaration and distribution of dividends based on various financial factors[67]. - The board will regularly review the company's dividend policy based on the overall financial condition and market environment[67]. - The company has maintained the public float required by GEM listing rules as of the report date[111]. - The company has established compliance procedures to ensure adherence to relevant laws and regulations, confirming compliance with GEM listing rules and the Securities and Futures Ordinance[120]. Employee and Management Structure - The company had 52 full-time employees as of December 31, 2021, down from 57 in 2020[41]. - The company established an internal R&D team in 2021, hiring 20 employees by the end of the year to enhance its financial solutions[49]. - The company has recruited two additional marketing personnel to manage digital marketing activities and maintain its social media accounts by the end of 2021[51]. Share Capital and Transactions - The net amount from the share issuance was approximately HKD 23.3 million after deducting related expenses[44]. - The company has a share incentive plan that granted 9,100,010 shares and additional related shares to participants, with vesting dates in 2020 and 2022[92]. - The company has adopted a share option plan allowing for the issuance of up to 123,000,000 shares, representing 10% of the issued shares as of the report date[99]. Environmental, Social, and Governance (ESG) Initiatives - An independent report on environmental, social, and governance (ESG) will be published within three months after the annual report[119]. - The management team emphasized a commitment to sustainability and corporate responsibility initiatives, which are expected to enhance brand reputation and customer loyalty[64].
电子交易集团(08036) - 2021 - 年度财报