Financial Performance - For the fiscal year 2021/22, the company reported a revenue increase of approximately 41.9% compared to the fiscal year ending March 31, 2021[11]. - For the fiscal year ending March 31, 2022, the company recorded revenue of approximately HKD 78.9 million, an increase of 41.9% from HKD 55.6 million for the previous fiscal year[24]. - The profit attributable to the company's owners for the fiscal year ending March 31, 2022, was approximately HKD 11.4 million, up from HKD 5.4 million in the previous year[24]. - Revenue from the sale of LED lighting devices increased by approximately 38.9%, from HKD 35.5 million to HKD 49.3 million[26]. - Revenue from integrated LED lighting solution services rose by approximately 32.5%, from HKD 15.7 million to HKD 20.8 million[27]. - Revenue from LED lighting system consulting and maintenance services surged by approximately 79.1%, from HKD 4.3 million to HKD 7.7 million[28]. - Sales of audio-visual systems increased by approximately 500.0%, from HKD 0.1 million to HKD 0.6 million[30]. - The company's cost of sales increased by approximately 38.5%, from HKD 27.3 million to HKD 37.8 million, consistent with revenue growth[33]. - Gross profit increased by approximately HKD 12.8 million or 45.2% to about HKD 41.1 million for the year ended March 31, 2022, with a gross margin rise from 50.9% to 52.1%[34]. - Other income decreased by approximately HKD 1.9 million or 67.9% to HKD 0.9 million due to the absence of a one-time government subsidy of HKD 2.1 million received in the previous year[35]. - Administrative expenses rose by approximately HKD 4.1 million or 17.2% to HKD 28.0 million, primarily due to increases in salaries, allowances, and sales commissions[36]. - Profit attributable to owners of the company increased to approximately HKD 11.4 million, up from HKD 5.4 million, driven by higher revenue and gross profit[41]. Business Expansion and Strategy - The company established a physical workshop named "dot 3D Factory" to enter the 3D printing solutions market, offering services including 3D printing, scanning, modeling, and sales of related materials[11]. - The company aims to continue focusing on enhancing its core business while exploring new business opportunities amid ongoing pandemic challenges and geopolitical tensions[12]. - The company has expanded its project budgets as clients adapt to the COVID-19 situation, contributing to revenue growth[26]. - The company has seen an increase in demand for maintenance services from clients, which has positively impacted revenue from consulting and maintenance services[28]. - The company plans to expand its 3D printing business by acquiring advanced 3D printing and scanning equipment and hiring high-quality talent[68]. Cash and Equity Position - As of March 31, 2022, the company had cash and bank balances totaling HKD 65.0 million, an increase from HKD 62.9 million in the previous year[48]. - The total equity attributable to owners of the company was approximately HKD 75.3 million, up from HKD 74.0 million in the previous year[51]. - The company raised a total of HKD 34.7 million from its IPO, with HKD 19.6 million utilized by March 31, 2022, leaving HKD 9.9 million unutilized[64]. Sustainability and Governance - The group has established a governance framework to integrate sustainability issues into core business operations[79]. - The group has formed an Environmental, Social, and Governance (ESG) Committee to ensure operations align with sustainability principles[79]. - The group has implemented a robust risk management system to address environmental, social, and governance risks[80]. - The group has set sustainability goals to monitor and reduce resource usage, maintaining paper and electricity consumption at minimal levels[81]. - Stakeholder engagement is crucial for the group to create value and respond to opportunities and challenges[85]. - The group conducts annual stakeholder feedback collection to adapt to changing expectations[87]. - The board is responsible for overseeing the overall strategy and development of the group, including risk management related to ESG issues[77]. Employee and Labor Practices - The company emphasizes the importance of health and safety for employees, implementing measures in response to COVID-19[81]. - The company has no reported non-compliance issues regarding labor standards, including child labor and forced labor[84]. - The company prohibits child labor and all forms of forced labor, ensuring compliance with labor and human rights standards[107]. - The company provided medical benefits plans for all employees who completed a three-month probation period[111]. - There were no cases of work-related injuries or fatalities during the reporting year, with a recorded absenteeism of 96.5 days[111]. - A total of 37 employees received 68 hours of training, covering topics such as business ethics, accounting, quality management, and the impact of COVID-19 on business and leadership[112]. Environmental Impact - The energy intensity in Hong Kong increased by 49.8% to 2.685 MWh per employee compared to the previous reporting year, attributed to the establishment of a 3D printing workshop[118]. - The energy intensity in China rose by 48.5% to 2.91 MWh per employee, reflecting increased usage of production facilities[118]. - The greenhouse gas emissions intensity for employees in Hong Kong was 13.0 tons of CO2 equivalent, up 19.3% from the previous year[120]. - Water consumption per employee in China increased from 0.21 tons to 0.24 tons, while in Hong Kong it decreased from 0.16 tons to 0.15 tons[121]. - The company aims to continue monitoring and reporting its carbon emissions annually to improve performance[120]. - The company implemented various energy-saving measures, including the installation of high-performance electrical equipment and the use of natural light[118]. - The company is committed to reducing its environmental impact through its green office policy, which includes measures for emission reduction and resource conservation[124]. - Total greenhouse gas emissions amounted to 482.4 tons of CO2 equivalent, with 407.5 tons attributed to indirect emissions[129]. - The company reported a 14.9% increase in non-hazardous waste generation, totaling 0.77 tons, primarily due to increased paper towel usage during COVID-19[132]. Corporate Governance - The board of directors confirmed adherence to corporate governance codes, ensuring accountability and transparency in operations[162]. - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with trading standards[164]. - The company is actively reviewing its corporate governance structure to assess the need for separating the roles of chairman and CEO[163]. - The company has implemented a board diversity policy, emphasizing the importance of diverse skills, experiences, and perspectives in supporting business strategy execution[175]. - The board consists of five directors, including the executive chairman and CEO, with independent non-executive directors making up over one-third of the board[171]. - The independent auditor's fee for the annual audit service was HKD 598,000 for the year ending March 31, 2022, compared to HKD 570,000 for the previous year[187]. Dividend Policy - The company adopted a dividend policy on January 30, 2019, allowing shareholders to share in profits while retaining liquidity for future growth opportunities[196]. - The board will consider various factors before recommending dividends, including financial performance, retained earnings, working capital needs, and overall economic conditions[198]. - The board does not guarantee any specific dividend amount for any designated period and will review the dividend policy regularly[199].
英马斯集团(08136) - 2022 - 年度财报