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辰罡科技(08131) - 2021 - 年度财报

Financial Performance - Revenue for the year ended November 30, 2021, was HKD 62,357,000, representing a 275% increase compared to HKD 16,626,000 in the previous year[14] - Profit before interest, tax, depreciation, and amortization (EBITDA) reached HKD 20,602,000, a significant increase of 975% from HKD 1,916,000 in the prior year[14] - The company reported a net profit of HKD 15,640,000, compared to a loss of HKD 2,987,000 in the previous year, marking a 624% improvement[14] - Total assets increased to HKD 51,613,000, a 325% rise from HKD 12,123,000 in the previous year[14] - Cash and cash equivalents surged to HKD 35,520,000, reflecting a 702% increase from HKD 4,429,000 in the prior year[14] - The gross profit margin improved to 60.3%, up from 55.2% in the previous year, indicating a 5.1% increase[14] - The current ratio improved to 1.59, a 53% increase from 1.04 in the previous year, indicating better liquidity[14] Revenue Sources - Revenue sources included approximately HKD 46,401,000 (74%) from software licensing and related services, HKD 4,581,000 (7%) from maintenance services, and HKD 5,582,000 (9%) from fintech resource services[20] Operating Expenses - Operating expenses for the year were approximately HKD 19,840,000, a 56% increase from HKD 12,720,000 in the previous year, primarily due to increased sales and marketing expenses[21] - Employee costs (excluding director remuneration) totaled approximately HKD 10,345,000, a 20% increase from HKD 8,611,000 in the previous year[22] Acquisitions and Investments - The company acquired Creative Management Consulting Limited, expanding its market coverage and enhancing its fintech service offerings[12] - The acquisition of a fintech resource company was completed for a total consideration of HKD 4,200,000, enhancing the company's service offerings[23] - The group completed the acquisition of all issued shares of a technology contractor for HKD 4,200,000, with HKD 2,600,000 paid in cash and the remaining HKD 1,600,000 contingent on future profitability[51] Client Base and Market Expansion - The company is focused on expanding its client base and exploring new business opportunities through strategic initiatives and the successful launch of FinReg[29] - The company has signed sales contracts with over 15 new clients for the implementation of FinReg, indicating strong market acceptance and growth potential[27] - The company has expanded its customer base beyond Hong Kong securities brokers and banks to include non-financial institutions, asset management companies, and insurance companies[62] Regulatory Technology Solutions - The company has established partnerships and conducted promotional events to enhance the sales of its FinReg and related products, including participation in the 2021 Hong Kong FinTech Week[28] - The sales of the regulatory technology solution FinReg have significantly increased, contributing positively to the company's performance, with contracts established with several large brokerage firms[62] - The company has invested resources to enhance FinReg, which automates risk management and compliance processes for clients, improving efficiency[63] Employee and Workforce Management - The company employed a total of 25 employees in Hong Kong as of November 30, 2021, an increase from 22 employees in 2020, with a gender distribution of 17 males and 8 females[162] - The employee turnover rate for the year was approximately 34%, with a notable 46% turnover rate for female employees, down from 83% in the previous year[165] - The company offers a minimum of 7 days of annual leave and additional leave types, with about 48% of employees having worked for the company for over 3 years[166] - The company has implemented comprehensive health and safety measures, including the provision of masks and hand sanitizers, and has maintained a record of no serious workplace injuries[168] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to sustainable development and has implemented various measures to enhance energy efficiency and resource conservation[132] - The ESG governance framework includes a board and an ESG working group to oversee and manage ESG matters effectively[138] - The company aims to reduce its operational impact on the environment by setting specific ESG goals and indicators[139] - The total greenhouse gas emissions for the year 2021 were 43.31 tons of CO2 equivalent, an increase from 42.60 tons in 2020, representing a 1.67% increase[146] Corporate Governance - The board believes that corporate governance is a crucial element for the company's success and has implemented various measures to maintain high standards of governance[186] - The board consists of three executive directors and three independent non-executive directors, all of whom are considered independent according to GEM Listing Rules[191] - The management provides quarterly financial reports to the board, summarizing the company's performance, financial condition, and outlook[191] Future Outlook and Strategic Focus - The focus for 2022 includes accelerating the development of fintech solutions and implementing regulatory technology solutions for clients[11] - The company aims to continue exploring and evaluating other business opportunities to enhance long-term shareholder value[12] - The company plans to provide training on anti-corruption for directors and employees in the next fiscal year[188]