Financial Performance - The overall revenue of the group decreased due to the adverse market conditions caused by the fifth wave of COVID-19, with significant impacts from business closures and the end of the 2021 Legislative Council election advertising activities[9]. - Total revenue decreased by approximately 20.9% from about HKD 55.5 million in the year ended March 31, 2022, to about HKD 43.9 million in the same period of 2023[12]. - Bus advertising revenue fell by approximately 20.5% from about HKD 51.8 million to about HKD 41.2 million, primarily due to a decrease in election advertising activities and government tender projects[12]. - Taxi advertising revenue decreased by approximately 38.9% from about HKD 1.8 million to about HKD 1.1 million, also due to reduced election advertising activities and government tender projects[12]. - The company recorded a loss attributable to owners of approximately HKD 9.5 million for the year ended March 31, 2023, compared to a loss of about HKD 3.1 million in the same period of 2022[20]. Business Operations and Strategy - The group has maintained its position as a leading outdoor advertising company in Hong Kong, focusing on bus media advertising, and has become the exclusive partner of New Lantao Bus Company since September 2021[5]. - The group continues to provide outdoor advertising space and services, including design, production, and logistics for clients[9]. - The company has terminated its logistics advertising business and will focus resources on existing divisions to achieve operational efficiency[12]. - The company is focusing on expanding its market share in the outdoor advertising industry in Hong Kong despite challenges posed by COVID-19[37]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share within the next two years[43]. Market Recovery and Future Outlook - The group has received inquiries from existing clients regarding outdoor advertising opportunities, indicating a gradual recovery in business during the first quarter of the year[6]. - The Hong Kong government is looking to utilize more outdoor media for public communication, which is expected to boost the group's advertising platform usage[6]. - The introduction of a new round of consumption vouchers by the Hong Kong government is anticipated to significantly enhance retail participation in advertising promotions, benefiting the group[6]. - The group expressed confidence in benefiting from the revival of the retail sector as market restrictions are lifted[6]. - The company is forecasting a revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[43]. Corporate Governance - The company has adopted corporate governance practices in line with GEM listing rules, ensuring compliance and transparency[51]. - The board consists of two executive directors, one non-executive director, and three independent non-executive directors as of March 31, 2023[55]. - The board held a total of four meetings during the year, with all directors attending at least 75% of the meetings[65]. - The company has established a mechanism to ensure independent viewpoints are obtained in board discussions, including regular reviews of compliance with GEM Listing Rules[61]. - The company emphasizes a strong corporate culture focused on integrity and anti-corruption measures to enhance stakeholder trust[52]. Environmental Performance - The total greenhouse gas emissions for the year were 62.59 tons, a decrease of approximately 7.10% compared to 67.37 tons in the previous year[125]. - The per-employee greenhouse gas emissions were 2.08 tons, down about 16.80% from 2.50 tons in the previous year[125]. - The company aims to reduce total greenhouse gas emissions by 2% over the next five years[125]. - The total energy consumption for the year was 201,188 kWh, representing a decrease of about 6.21% from the previous year's 214,510 kWh[130]. - The company has implemented a paperless process for internal communications, significantly reducing paper consumption[128]. Employee Management and Training - As of March 31, 2023, the company had a total of 30 employees, an increase from 27 employees in the previous year, with a turnover rate of 50.00% for female employees and 16.67% for male employees[140]. - A total of 24 employees participated in training during the year, representing 80% of the workforce, with an average training duration of 8.5 hours per employee[144]. - Female employees received an average of 25.5 hours of training, while male employees received an average of 18.2 hours[144]. - The company actively promotes a work-life balance and provides various employee activities to enhance workplace harmony[142]. - The company has implemented measures to ensure workplace safety and employee health during the COVID-19 pandemic, including health tracking and social distancing[142]. Customer Relations - The group received no significant customer complaints during the year, maintaining a record of zero complaints for the second consecutive year[150]. - The group has established designated channels for customer complaints, including hotline and email, ensuring timely investigation and management review[150]. Shareholding Structure - As of March 31, 2023, Ms. Zhou holds 278,640,000 shares, representing a 38.70% stake in the company[194]. - Mr. Shi owns 93,960,000 shares, which accounts for 13.05% of the company's total shares[194]. - Goldcore, fully owned by Ms. Zhou, holds 38.70% of the company's shares, equivalent to 278,640,000 shares[198]. - The ownership structure indicates a concentrated control among a few key individuals, particularly Ms. Zhou and Mr. Shi[196].
奥传思维控股(08091) - 2023 - 年度财报