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万民好物(08217) - 2023 - 年度财报
WMHWWMHW(HK:08217)2023-06-28 12:04

Financial Performance - Total revenue increased from approximately HKD 92,754,000 to about HKD 104,601,000, representing an increase of approximately 12.8%[9] - The company's revenue for the nine months ending January 31, 2023, was approximately HKD 115,600,000, with a pre-tax loss of about HKD 37,900,000[17] - Total revenue increased from approximately HKD 92,754,000 to about HKD 104,601,000, representing an increase of approximately 12.8% due to the resumption of construction projects post-COVID-19[19] - Gross loss for the reporting period was approximately HKD 2,878,000, a reversal from a gross profit of about HKD 1,043,000 in the previous year[20] - Other income increased from approximately HKD 119,000 to about HKD 4,263,000, primarily due to government subsidies related to the employment support scheme[28] - Administrative and other operating expenses decreased by approximately HKD 4,829,000 or 45.4% to about HKD 5,800,000, mainly due to reduced employee costs[31] - The net loss for the year decreased from approximately HKD 20,147,000 to about HKD 9,963,000, attributed to increased revenue and reduced operating expenses[35] Capital and Debt Management - The fair value of major investments as of March 31, 2023, was approximately HKD 36,063,000, accounting for 34.2% of total assets[15] - Total interest-bearing debt decreased from approximately HKD 12,155,000 on March 31, 2022, to approximately HKD 12,000,000 on March 31, 2023[36] - The capital debt ratio as of March 31, 2023, was approximately 24%, up from about 20% on March 31, 2022[36] - The company had no capital commitments or significant contingent liabilities as of March 31, 2023[38][39] - The issued and paid-up capital as of March 31, 2023, was approximately HKD 48,297,600, with total equity attributable to owners of the company at approximately HKD 50,550,000[37] Corporate Governance - The board consists of five directors, including two executive directors and three independent non-executive directors[63] - The company held six board meetings during the reporting period, with attendance records showing that all independent non-executive directors attended all meetings[74] - The company has adopted a nomination policy to ensure that new board members possess relevant business, financial, and management skills[64] - The board has implemented a diversity policy, considering factors such as gender, age, cultural background, and professional experience when appointing members[69] - The company has confirmed full compliance with the trading code for securities transactions by all directors since the listing date[75] - The chairman and CEO roles are clearly separated to ensure balanced power distribution within the company[71] - The nomination committee regularly evaluates potential vacancies on the board and identifies suitable candidates[65] - The board is responsible for reviewing and monitoring compliance with legal and regulatory requirements[62] Risk Management and Compliance - The company has established a risk management policy that includes the identification, assessment, and management processes for key business risks[99] - The board is responsible for reviewing and approving the effectiveness and adequacy of the group's risk management and internal control systems[104] - The company has adopted an insider information disclosure policy to ensure compliance with confidentiality requirements and disclosure obligations[102] - The compliance officer was appointed on May 31, 2022, to oversee compliance matters within the company[97] - The company has no internal audit department; the board directly oversees risk management and internal control systems with the assistance of the audit committee[102] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report highlights the company's commitment to sustainable development and corporate social responsibility, adhering to relevant laws and regulations[119] - Key performance indicators for ESG are established to ensure measurable and comparable data, emphasizing the importance of transparency and accountability[118] - The company conducts regular internal assessments to identify significant ESG issues, focusing on employment, health and safety, labor standards, supply chain management, product responsibility, and community investment[125] - The board of directors oversees the company's ESG governance, ensuring the establishment of effective risk management and internal control systems[120] - Stakeholder engagement is prioritized, with communication channels established to address the needs and concerns of investors, employees, customers, suppliers, and the community[122] Employee Management and Development - The company employed 33 full-time and part-time staff in Hong Kong as of March 31, 2023, an increase from 29 in 2022 and a decrease from 67 in 2021[147] - The company emphasizes the importance of training and development, offering regular training programs to enhance employees' skills and knowledge[154] - The company has a zero-tolerance policy for any form of unfair dismissal and is dedicated to maintaining a fair and inclusive work environment[145] - The company encourages open communication between employees and management regarding career development and workplace concerns[147] Community Engagement and Contributions - The company donated a total of HKD 458,000 to support community welfare and cultural development initiatives in 2023[168] - Total cash donations for community investment amounted to HKD 458,000 in 2023, down from HKD 1,008,000 in 2022[173] Stock Options and Employee Incentives - As of March 31, 2023, the company has granted a total of 26,974,800 stock options under the stock option plan[195] - The stock options granted are non-listed and each option allows the holder to subscribe for one share at a price of HKD 0.04[195] - The stock option plan aims to attract and retain talented employees and incentivize various stakeholders[192] - The company must obtain prior shareholder approval if the number of options granted to any individual exceeds 1% of the issued shares[192]