Financial Performance - The company's revenue for the fiscal year 2023 was approximately HKD 56.9 million, representing a year-on-year growth of 43.3% from HKD 39.7 million in fiscal year 2022[12]. - The company reported a post-tax profit of HKD 3.9 million for fiscal year 2023, a significant improvement from a loss of HKD 8.8 million in fiscal year 2022[8]. - Other income increased from HKD 0 in fiscal year 2022 to approximately HKD 692,000 in fiscal year 2023, primarily due to government subsidies related to the COVID-19 pandemic amounting to HKD 504,000[16]. - The group recorded a profit of approximately HKD 3.9 million in FY2023, compared to a loss of HKD 8.8 million in FY2022, primarily due to revenue growth and reduced depreciation[21]. Revenue Breakdown - The revenue breakdown for fiscal year 2023 included HKD 51.4 million (90.3%) from the Hong Kong Stock Exchange, HKD 0.5 million (0.9%) from the Singapore Exchange, HKD 0.02 million (0.1%) from the European Exchange, and HKD 5.0 million (8.7%) from over-the-counter transactions[14]. Expenses and Costs - Employee costs rose from approximately HKD 28.8 million in fiscal year 2022 to about HKD 36.5 million in fiscal year 2023, an increase of approximately 26.7% driven by bonuses linked to revenue growth[17]. - Other operating expenses increased from approximately HKD 13.8 million in FY2022 to approximately HKD 17.2 million in FY2023, representing a rise of about 24.6%[19]. - Settlement expenses for FY2023 were approximately HKD 5.3 million, up HKD 2.0 million or 60.6% from approximately HKD 3.3 million in FY2022[19]. Assets and Liabilities - Current assets increased to approximately HKD 89.5 million in FY2023 from HKD 82.4 million in FY2022, while current liabilities rose to HKD 8.8 million from HKD 3.6 million[23]. - The current ratio decreased to approximately 10.1 times in FY2023 from 22.7 times in FY2022, indicating a change in financial strength[23]. - Cash and bank balances were approximately HKD 54.6 million in FY2023, slightly up from HKD 53.2 million in FY2022, indicating sufficient resources for operational needs[23]. Management and Governance - The company has a strong management team with extensive experience in the financial services industry, enhancing its operational capabilities[46]. - The group is focused on compliance and risk management, with key executives responsible for overseeing these areas[43][47]. - The company emphasizes the importance of good corporate governance to maintain transparency and accountability, with policies in place to promote business growth[70]. - The board of directors has complied with all provisions of the corporate governance code for the fiscal year 2023[71]. Board Composition and Committees - The board consists of four executive directors and three independent non-executive directors, meeting the GEM listing rules requirements[74]. - The audit committee is tasked with reviewing and supervising the integrity of the group's financial information and reporting[92]. - The nomination committee consists of three members, all of whom are independent non-executive directors, ensuring compliance with GEM listing rules[94]. Risk Management - The board is responsible for risk management and internal control systems, which are designed to manage risks rather than eliminate them[110]. - The company has established risk management procedures and guidelines, with annual self-assessments to ensure compliance with monitoring policies[111]. - No significant internal control deficiencies were reported in the fiscal year 2023, indicating effective risk management practices[111]. Environmental, Social, and Governance (ESG) - The ESG report outlines the company's performance in sustainable development and corporate social responsibility for the period from April 1, 2022, to March 31, 2023[123]. - The company has set multiple ESG performance goals and indicators to enhance its ESG performance[138]. - The board of directors is directly responsible for overseeing ESG-related issues and has engaged an independent consulting firm for materiality assessment[138]. Employee and Workplace Policies - The company reported a total employee count of 26 for the fiscal year 2023, unchanged from the previous year[148]. - The employee turnover rate decreased to 15% in fiscal year 2023 from 27% in fiscal year 2022[150]. - The group implements an 8-hour workday and a 5-day workweek, providing competitive compensation and various employee benefits[153]. Compliance and Ethics - The group has a zero-tolerance policy towards corruption and has organized anti-money laundering training for all licensed employees[160]. - The group complies with all relevant laws and regulations regarding anti-corruption, with no known violations reported during the year[161].
衍汇亚洲(08210) - 2023 - 年度财报