Business Performance - The company maintained its business activities during the pandemic, with transportation business revenue showing growth in the first half of the fiscal year[6]. - The group's total revenue increased by approximately 17.6% from about HKD 47.2 million for the year ended March 31, 2021, to about HKD 55.5 million for the year ended March 31, 2022[13]. - Revenue from bus advertising rose by approximately 18.3% from about HKD 43.8 million to about HKD 51.8 million, driven by improved market conditions and increased government tender projects[13]. - Taxi advertising revenue increased by approximately 38.5% from about HKD 1.3 million to about HKD 1.8 million, primarily due to direct advertising client growth[13]. - The company continues to focus on outdoor advertising, particularly in the transportation media sector, despite market challenges[5]. Financial Overview - The gross profit margin improved by approximately 12 percentage points from about 32.0% to about 44.0%, mainly due to the increase in bus advertising gross margin[15]. - Selling expenses rose by 22.8% from about HKD 5.7 million to about HKD 7.0 million, attributed to increased commissions paid to the sales team due to revenue growth[19]. - Administrative expenses increased by approximately 2.7% from about HKD 14.6 million to about HKD 15.0 million, mainly due to increased employee welfare expenses related to COVID-19[20]. - The group recorded a loss attributable to owners of approximately HKD 3.1 million for the year ended March 31, 2022, compared to a loss of about HKD 4.7 million in the previous year[23]. - The group had no bank borrowings as of March 31, 2022, maintaining an asset-liability ratio of 0%[25]. Advertising and Marketing Strategies - The company entered into an exclusive cooperation agreement with New Lantau Bus for advertising space starting September 1, 2021, which has led to healthy growth in the number of advertisers[9]. - The company has introduced new advertising packages bundling its media platforms with the New Lantau Bus advertising platform to enhance advertiser awareness[9]. - The company has secured exclusive contracts for advertising space on at least 100 tour buses and additional taxis, expanding its advertising reach[37]. - The company is focused on expanding its media platforms and enhancing customer relationships to promote advertising services[52]. - The management team has set annual sales targets for the advertising platforms, aiming for growth in revenue[52]. Corporate Governance - The company has a strong emphasis on corporate governance, with independent directors providing oversight and strategic guidance[46]. - The board of directors consists of two executive directors, one non-executive director, and three independent non-executive directors as of March 31, 2022[57]. - The company has established four committees: audit, remuneration, nomination, and corporate governance, to oversee specific areas of the company's affairs[73]. - The audit committee is currently composed entirely of independent non-executive directors, ensuring independence in oversight[74]. - The company has confirmed the independence of all independent non-executive directors according to GEM Listing Rules[62]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to integrating environmental, social, and governance (ESG) elements into its business strategy and planning[109]. - The board of directors is responsible for overseeing the company's ESG performance and regularly reviews significant ESG issues[109]. - The company has implemented measures to reduce energy consumption, including turning off lights and air conditioning at night and during office closures, and promoting paperless processes[120]. - The total greenhouse gas emissions for the year were approximately 67.37 tons, a decrease from 85.43 tons in the previous year, primarily due to the implementation of work-from-home policies during the COVID-19 outbreak[120]. - The company promotes a paperless environment, implementing double-sided printing and regular monitoring of printer usage to reduce paper consumption[124]. Employee Management and Welfare - The employee count decreased from 37 to 27, with employee costs around HKD 15.7 million for the year ending March 31, 2022[39]. - The company emphasizes employee health and well-being, providing benefits such as medical subsidies and competitive additional benefits[137]. - The company has implemented various employee activities to promote a healthy work-life balance, including company lunches and holiday gatherings[137]. - There have been no reported work-related fatalities in the past three reporting years, indicating a strong commitment to workplace safety[138]. - The company has established a thorough recruitment process to prevent child labor and forced labor, ensuring compliance with relevant laws[141]. Risk Management - The company faces various risks, including economic downturns, regulatory changes, and competition, which may impact its financial performance and business outlook[159]. - The board is responsible for monitoring the design, implementation, and overall effectiveness of the risk management and internal control systems[91]. - The company has adopted an information disclosure policy in accordance with the guidelines issued by the Securities and Futures Commission, ensuring compliance with GEM listing rules[92]. - The company has established comprehensive arrangements for extreme weather conditions to ensure employee safety and business continuity[132]. - The company is monitoring potential transition risks related to climate change, including shifts in customer demand from traditional print media to digital platforms[133]. Shareholder Information - The company has established a share option plan to incentivize selected participants, with a total number of shares available for issuance not exceeding 10% of the issued shares at the time of listing, which is 72,000,000 shares[183]. - The total number of shares that may be issued under the share option plan within any 12-month period cannot exceed 1% of the issued shares unless approved by shareholders[186]. - As of March 31, 2022, the company’s major shareholders include Ms. Zhou, who holds 278,640,000 shares, representing 38.70% of the total shares[188]. - The company and its subsidiaries did not purchase, sell, or redeem any of its listed securities during the year ending March 31, 2022[198]. - The company has maintained the required public float as stipulated by the GEM listing rules as of the report date[200].
奥传思维控股(08091) - 2022 - 年度财报