Financial Performance - Revenue for the fiscal year 2022 was HKD 55,709,000, a decrease of approximately 5.3% from HKD 59,266,000 in fiscal year 2021[16]. - Pre-tax profit increased to HKD 12,148,000 in fiscal year 2022, compared to HKD 11,790,000 in fiscal year 2021, reflecting a growth of about 3.0%[16]. - Basic profit attributable to the company’s owners for fiscal year 2022 was HKD 6,980,000, up from HKD 6,294,000 in fiscal year 2021, representing an increase of approximately 10.9%[16]. - The group recorded revenue of approximately HKD 55,700,000 for the fiscal year 2022, a decrease of about 6.0% compared to HKD 59,300,000 in the fiscal year 2021, primarily due to a reduction in rental income from investment properties in Japan when converted to HKD[41]. - The income from corporate financing and other consulting services decreased to approximately HKD 2,400,000 in fiscal year 2022 from approximately HKD 5,200,000 in fiscal year 2021, reflecting a continued downward trend in sponsored project income[42]. - The income from financial advisory projects increased by 61.8% to approximately HKD 14,400,000 in fiscal year 2022 from approximately HKD 8,900,000 in fiscal year 2021, driven by an increase in the number of projects and average fees per project[42]. - The self-operated investment income decreased by 7.5% to approximately HKD 36,700,000 in fiscal year 2022 from approximately HKD 39,700,000 in fiscal year 2021, impacted by the depreciation of the Japanese yen against the HKD[45]. - The group’s annual profit increased by 12.0% to approximately HKD 8,000,000 in fiscal year 2022 from approximately HKD 7,100,000 in fiscal year 2021, mainly due to a significant reduction in the net decrease in fair value of investment properties[54]. Assets and Liabilities - Total assets decreased to HKD 663,240,000 in fiscal year 2022 from HKD 713,478,000 in fiscal year 2021, a decline of about 7.0%[18]. - Total liabilities reduced to HKD 222,630,000 in fiscal year 2022, down from HKD 249,315,000 in fiscal year 2021, a decrease of approximately 10.7%[18]. - The total liabilities decreased to HKD 176,645,000 in fiscal year 2022 from HKD 201,848,000 in fiscal year 2021, indicating improved financial stability[59]. - The capital-to-debt ratio improved to 40.1% in fiscal year 2022 from 43.5% in fiscal year 2021, reflecting a stronger equity position[59]. - The total interest-bearing loans decreased from approximately HKD 201.8 million as of March 31, 2021, to approximately HKD 176.6 million as of March 31, 2022[66]. Corporate Strategy and Future Outlook - Future expectations indicate a tightening of liquidity and a shift in investment preferences towards companies with sustainable growth capabilities, impacting asset valuations and transaction volumes[12]. - The company plans to expand its self-investment portfolio, particularly in elder care facilities and group homes, aligning with socially responsible investment goals[13]. - The company aims to initiate asset enhancement projects on older properties in the coming year[13]. - The company plans to expand its investment in four existing small wooden houses for elderly care facilities, aiming to provide stable and long-term rental income[80]. - The company anticipates that the reopening of Japan's economy will support stable occupancy rates and rental levels for its investment portfolio[80]. - The company is investing in R&D, with a budget increase of I% aimed at developing new technologies and products[166]. - The management team emphasized a strategic shift towards digital transformation, which is expected to improve customer engagement by J%[166]. - The company plans to enhance its sustainability initiatives, targeting a reduction in carbon emissions by L% by 2025[166]. Governance and Compliance - The company adopted the corporate governance code as per GEM Listing Rules Appendix 15 starting from January 1, 2022, and has complied with applicable provisions during the fiscal year 2022[84]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for decision-making[86]. - The company has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the group's affairs[96]. - The Audit Committee, composed entirely of independent non-executive directors, is responsible for reviewing financial statements and internal control procedures[100]. - The company has implemented a code of conduct for directors regarding securities trading, confirming full compliance during the fiscal year 2022[85]. - The board has reviewed and is satisfied with the effectiveness of its corporate governance policies and practices during the fiscal year 2022[97]. - The company’s independent non-executive directors are subject to a three-year term, with reappointment required at the annual general meeting[112]. - The company provides a platform for communication between the board and shareholders during the annual general meeting, addressing shareholder inquiries[135]. - The board is responsible for maintaining a sound and effective risk management and internal control system to protect shareholders' interests[146]. - In the fiscal year 2022, the board conducted an annual review of the effectiveness of the risk management and internal control system, which was deemed adequate and effective[146]. Environmental and Social Responsibility - The company did not face any environmental complaints, lawsuits, penalties, or disciplinary actions during the fiscal year 2022, indicating compliance with environmental regulations[36]. - The company has adopted a borrowing strategy in Japanese yen to mitigate currency risk associated with its investment portfolio in Japan[80]. Dividends - The company did not recommend the payment of any final dividend for the fiscal year 2022, consistent with the previous fiscal year where no dividend was paid[189].
浩德控股(08149) - 2022 - 年度财报