Financial Performance - Total revenue for the fiscal year ended March 31, 2022, was HKD 98,271,000, a decrease from HKD 115,368,000 in the previous year, representing a decline of approximately 14.5%[11] - The company reported a loss of HKD 64,324,000 for the fiscal year, compared to a loss of HKD 94,698,000 in the prior year, indicating an improvement of about 32%[11] - Total assets decreased to HKD 225,133,000 from HKD 278,695,000, reflecting a reduction of approximately 19.2%[11] - The total liabilities increased to HKD 21,763,000 from HKD 11,001,000, marking an increase of approximately 97.5%[11] - For the fiscal year ending March 31, 2022, the company's revenue was approximately HKD 98.3 million, a decrease from HKD 115.4 million in 2021[21] - The lending segment generated revenue of about HKD 27.5 million for the fiscal year, down from HKD 31.2 million in 2021[22] - The retail and wholesale segment reported revenue of approximately HKD 70.7 million, compared to HKD 84.2 million in 2021[24] Business Strategy and Expansion - The lending business generated revenue of approximately HKD 27,500,000, continuing to be a core business for the company[14] - The company plans to expand its lending and retail businesses by hiring more sales and delivery personnel and upgrading its online platform[15] - The company aims to diversify its business by exploring investment opportunities in different industry sectors[15] - The company has been actively seeking suitable investment opportunities to achieve business diversification[15] - The company has been adapting its strategies in response to the changing market conditions due to the COVID-19 pandemic[15] Corporate Governance - The company has been adhering to the GEM Listing Rules Appendix 15 corporate governance code throughout the fiscal year ending March 31, 2022, with one exception regarding the separation of roles between the Chairman and CEO[56] - The board believes that having the same individual serve as both Chairman and CEO strengthens leadership and enhances strategic planning efficiency[57] - The board is responsible for establishing corporate governance policies and monitoring compliance with all applicable laws and regulations[58] - All directors confirmed compliance with the trading standards as per GEM Listing Rules during the fiscal year ending March 31, 2022[59] - The board of directors held 5 meetings during the fiscal year ending March 31, 2022, with all members attending all meetings[60] Employee Compensation and Training - The total employee compensation for the year ended March 31, 2022, was approximately HKD 34,300,000, up from HKD 32,800,000 in 2021[39] - Total number of employees trained as of March 31, 2022, was 90, a decrease of 9.09% from 99 in the previous year[185] - 100% of employees participated in training, maintaining the same percentage as the previous year[185] - Average training hours per employee increased by 6.70% to 2.23 hours in FY2022 compared to 2.09 hours in FY2021[187] Environmental, Social, and Governance (ESG) Initiatives - The company has established a comprehensive Environmental, Social, and Governance (ESG) report to provide stakeholders with an overview of its performance and initiatives in these areas[131] - The group has integrated sustainability into its business operations as a key part of its corporate strategy[135] - The board emphasizes the importance of sustainability for future development and conducts annual corporate risk assessments to identify potential risks[136] - The group aims to create long-term value for shareholders by addressing environmental, social, and governance (ESG) issues[138] Emissions and Environmental Impact - Total greenhouse gas emissions amounted to 530.23 tons of CO2 equivalent, a decrease of 6.46% compared to the previous year[148] - The company aims to consider using more environmentally friendly fuel types in the next reporting period to reduce its carbon footprint[146] - The company is committed to complying with all relevant laws and regulations regarding emissions and environmental management[145] - The total amount of non-hazardous waste generated was 5.37 tons, a decrease of 2.36% from 5.50 tons in the previous year[149] Shareholder Engagement and Capital Structure - The company reported a total distributable reserve of HKD 200,966,000 as of March 31, 2022[105] - No dividends were recommended for the year ended March 31, 2022, consistent with the previous year[43] - A conditional cash offer was made on April 29, 2022, for the purchase of 82,288,613 shares, representing approximately 34.24% of the company's issued share capital[44] Compliance and Risk Management - The board is responsible for the internal control system and has established a risk management system to protect shareholder interests[81] - The company has implemented monitoring procedures to prevent unauthorized access to insider information[86] - The risk management and internal control systems have been deemed effective and sufficient by the board and audit committee[84] Supplier and Customer Relations - The company emphasizes the importance of supplier environmental and social performance in its supply chain management[192] - The company has implemented multiple communication channels for customer feedback, ensuring timely responses[198] - Customer safety remains the top priority, and the company will investigate any identified safety hazards or quality issues with materials and products[200]
仍志集团控股(08079) - 2022 - 年度财报