Acquisition and Business Activities - ZZ Technology Group Company Limited acquired KingNine Holdings Limited on October 15, 2020, which constituted a very substantial acquisition under the GEM Listing Rules[10]. - The KingNine Group's principal activities include back-office services, comprehensive marketing services, and data center services in the People's Republic of China[10]. - ZZCI Credit Limited, a subsidiary of the Group, holds a money lenders license to provide finance against marketable securities, enhancing the Group's financial services capabilities[10]. - The principal activity of the Company is investment holding, with subsidiaries engaged in back-office services, comprehensive marketing services, and data center services[151]. - Dalian Kingwisoft Technology Co., Ltd. became a wholly-owned subsidiary of the Company on October 15, 2020, enhancing the Group's operational capabilities[150]. Financial Performance - The Group's annual report includes a consolidated statement of profit or loss and other comprehensive income, detailing financial performance[9]. - KingNine Holdings Limited reported revenue of RMB807.2 million for the year, representing a year-on-year increase of 59.5%[39]. - The consolidated net profit attributable to equity holders of KingNine Group for the year was RMB134.3 million[39]. - The audited consolidated net profit attributable to equity holders of KingNine for the period from April 1, 2021, to March 31, 2022, was approximately RMB134.3 million, exceeding the guaranteed profit of RMB120 million[37]. - KingNine Group reported a consolidated net profit attributable to equity holders of approximately RMB 134.3 million for the fiscal year ending March 31, 2022, an increase from RMB 120 million in the previous period, representing a growth of 11.9%[40]. - The total revenue for KingNine Group reached RMB 807.2 million, reflecting a year-on-year increase of 59.5%[41]. - Revenue from back-office services amounted to RMB 694.4 million, accounting for 80.2% of total revenue, with a year-on-year growth of 37.3% in the intelligent data solution business[44][45]. - KingNine Group recorded a revenue of approximately RMB865.7 million for the Year, representing a 227% increase compared to RMB264.4 million in the previous year[63]. - Profit attributable to owners of the Company for the Year was approximately RMB80.4 million, compared to RMB26.2 million for the last financial year[73]. Assets and Liabilities - The Group's total assets increased by approximately RMB158.7 million to RMB1,574.1 million as of 31 March 2022, compared to RMB1,415.4 million as of 31 March 2021[78]. - The total liabilities of the Group increased by approximately RMB83.0 million to RMB482.8 million as of 31 March 2022, compared to RMB399.8 million as of 31 March 2021[78]. - Total equity attributable to owners of the Company increased to approximately RMB1,071.1 million as of March 31, 2022, up from approximately RMB999.9 million in 2021, primarily due to profit recognition and net movement in the translation reserve[81]. - The Group's current ratio was 2.1 and debt ratio was 12.9% as of March 31, 2022, compared to 3.4 and 2.9% in 2021, respectively[83]. Employee and Management - The Group employed 7,351 employees as of March 31, 2022, a significant increase from 4,436 employees in 2021, with total staff costs amounting to approximately RMB402.2 million[88]. - The company has a diverse board of directors, including executive and independent non-executive members, ensuring a range of expertise[13]. - The management team includes professionals with advanced degrees from prestigious institutions, enhancing the company's strategic capabilities[141]. - The company emphasizes the importance of compliance and internal control, as demonstrated by the roles of its executives in these areas[128]. - The remuneration structure is designed to attract and retain top talent, with no material interruptions to operations or significant labor disputes reported[178][180]. Innovation and Development - The company focused on innovation in artificial intelligence and big data technologies, achieving positive results in integrating these technologies into business scenarios[50][52]. - KingNine Group obtained 29 new software copyrights and 2 invention patents during the reporting period, totaling 163 software copyrights overall[50][52]. - The company has begun developing quality and productivity tools in the field of digital marketing, indicating a strategic focus on enhancing service offerings[50]. - The Group is developing merchant quality and productivity tools in digital marketing, which has become a new growth momentum in B2B enterprise services[111]. Compliance and Security - The Group has implemented strict internal control procedures to ensure the security and confidentiality of client information, with no leakage reported during the financial year[167]. - The Company has established confidentiality clauses in contracts with clients to protect sensitive information[162]. - Employees are required to sign confidentiality agreements upon joining the Company, with legal and financial consequences for violations[163]. - The Group is aware of compliance risks associated with handling personal information and has taken measures to mitigate these risks[154]. - The Company has been certified for its information security system and has passed the annual review, ensuring compliance with relevant laws and regulations[168]. Market and Client Relationships - KingNine Group maintained stable relationships with its top ten clients, including a world-leading Internet technology company that joined the list during the reporting period[46][47]. - The Group has established new business cooperation with a major Chinese telecom operator across several cities, expanding its client base[108]. - New orders have been obtained from leading Internet companies and traditional financial sectors, contributing to organic growth from existing clients[108]. - KingNine Group's major clients are expected to recover rapidly with the continued economic recovery, providing opportunities for rapid growth[104]. Corporate Governance - The board's composition reflects a commitment to governance and oversight, with members serving on various committees[138]. - The Group's board has been supportive and resourceful in growing the business while being mindful of shareholders' interests[183]. - The company aims to leverage its leadership's extensive backgrounds to drive growth and innovation in its operations[141]. Environmental and Social Responsibility - The Group's policies include environmentally friendly practices such as recycling, reducing resource consumption, and using electronic means for document transmission[172]. - The Group's management has adopted green office practices to promote environmental protection and resource recycling[174]. - The Group has implemented special arrangements for employee health and safety in response to the COVID-19 situation, including special allowances[182].
金慧科技(08295) - 2022 - 年度财报