Financial Performance - The company reported a total revenue of HKD 298,744,000 for the year ended March 31, 2022, compared to HKD 621,723,000 for the previous year, representing a decrease of approximately 52%[4] - Gross profit for the year was HKD 15,052,000, down from HKD 41,554,000 in the previous year, indicating a decline of about 64%[4] - The net loss from continuing operations for the year was HKD 617,184,000, compared to a loss of HKD 380,268,000 in the prior year, reflecting an increase in losses of approximately 62%[4] - Total comprehensive loss for the year amounted to HKD 585,425,000, compared to HKD 320,191,000 in the previous year, marking an increase of around 83%[10] - The company recorded an impairment loss on accounts receivable of HKD 333,201,000, significantly higher than the previous year's loss of HKD 178,032,000[4] - The company reported a total comprehensive loss of HKD 581,835,000 for the year ended March 31, 2022, compared to a loss of HKD 318,278,000 in the previous year, indicating a significant increase in losses[21] - The company experienced a loss of HKD 613,594,000 for the year, which is a substantial increase compared to the previous year's loss of HKD 377,799,000[23] - The gross profit for the year reduced to approximately HKD 15.1 million, compared to HKD 41.6 million in the previous year, resulting in a gross profit margin decline from 6.7% to 5.0%[66] - The loss attributable to equity holders for the year was approximately HKD 613.6 million, compared to a loss of HKD 377.7 million in the previous year[66] Assets and Liabilities - The company's total assets decreased to HKD 1,017,725,000 from HKD 1,226,352,000, a reduction of approximately 17%[17] - Current liabilities increased to HKD 354,708,000 from HKD 318,242,000, representing a rise of about 11%[17] - The company’s cash and cash equivalents decreased to HKD 1,554,000 from HKD 9,656,000, a decline of approximately 84%[17] - The company’s equity attributable to shareholders decreased to HKD 513,125,000 from HKD 1,013,008,000, a drop of about 49%[19] - The company's total equity attributable to shareholders decreased to HKD 455,788,000 as of March 31, 2022, down from HKD 963,871,000 a year earlier, reflecting a decline of approximately 52.8%[23] - The company reported a total liability of HKD 501,168 in 2022, an increase from HKD 474,795 in 2021, representing a rise of about 5.6%[35] - The company's total assets for 2022 amounted to HKD 1,067,493, down from HKD 1,544,594 in 2021, reflecting a decrease of approximately 30.8%[35] Operational Efficiency and Strategy - The company continues to focus on supply chain management services and marine fishing as its primary business segments[26] - The company is committed to enhancing its operational efficiency and exploring new market opportunities in the supply chain management sector[30] - The company plans to continue its investment strategy to strengthen its market position and expand its business operations[30] - The company plans to actively seek other promising investment and business opportunities to expand its revenue sources and enhance shareholder value[70] - The company has established multiple strategic partnerships with other supply chain companies to enhance its procurement and sales operations in import and export trade, logistics, customs clearance, and storage services[63] - The company aims to further explore opportunities in the deep-sea fishing business, leveraging its management team's extensive experience in this area[70] Share Capital and Expenses - The company issued shares worth HKD 73,752,000 during the year, contributing to an increase in share capital[23] - The company had a total of HKD 451,030,000 in prepayments, a significant increase from HKD 1,469,000 in the previous year[53] - The company has reduced administrative expenses from HKD 67.5 million last year to approximately HKD 26.1 million this year due to enhanced cost control measures[66] - The total employee cost for the year was approximately HKD 8,200,000, down from HKD 10,600,000 in the previous year, with 59 employees as of March 31, 2022[78] Taxation and Dividends - The total income tax expense for continuing and discontinued operations was HKD 177,000, significantly lower than HKD 2,563,000 in the previous year[48] - The company did not recommend the payment of dividends for the current year, consistent with the previous year[48] Audit and Compliance - The annual audit process was significantly impacted by COVID-19 restrictions, delaying the completion of the audit until no later than August 3, 2022[87] - The company will issue further announcements regarding the audited financial results and any significant differences from the unaudited results once the audit is completed[89] - The announcement confirms that all directors are responsible for the accuracy and completeness of the information provided[91] - The announcement will be available on the GEM website for at least seven days from the publication date[91] - The announcement will also be published on the company's website[91]
中国海洋发展(08047) - 2022 Q4 - 年度财报