Financial Performance - The group's revenue for the fiscal year ended March 31, 2022, was HKD 49.1 million, an increase of 17.8% compared to HKD 41.7 million in the previous fiscal year[9]. - The profit attributable to owners of the company was HKD 3.9 million, a significant increase of 311.5% from HKD 1.0 million for the year ended March 31, 2021[9]. - Basic earnings per share for the year were HKD 0.99, representing an increase of 330.4% from HKD 0.23 in the previous year[9]. - The group's revenue increased by HKD 7.4 million or 17.8% from HKD 41.7 million for the year ended March 31, 2021, to HKD 49.1 million for the year ended March 31, 2022[16]. - The profit attributable to the company's owners increased by HKD 3.9 million, a 311.5% increase compared to HKD 1.0 million for the year ended March 31, 2021[18]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic, which affected local economic activities and consumer sentiment[8]. - The group has adopted stricter operational cost controls to mitigate the negative impact of the pandemic on business operations[8]. - The company did not recognize revenue of HKD 0.7 million from the sale of a subsidiary and did not receive government subsidies of HKD 2.3 million during the year[9]. - The group will adopt a cautious approach to business strategy due to uncertainties related to the COVID-19 pandemic[19]. Employee and Cost Management - Employee costs rose by HKD 1.3 million or 6.8% from HKD 19.2 million to HKD 20.5 million due to increased salaries and performance bonuses[23]. - Other expenses increased by HKD 0.5 million or 7.3% from HKD 7.7 million to HKD 8.2 million, attributed to professional fees related to potential business collaborations or acquisitions[26]. - Employee costs for the year ended March 31, 2022, amounted to HKD 20.5 million, an increase from HKD 19.2 million in 2021[51]. Business Strategy and Development - The company aims to explore and launch various new services and products to increase market share and identify new business opportunities[10]. - The group plans to continue market research on new products and technologies to drive business growth and maintain competitiveness[19]. - The company continues to focus on maintaining high-quality service standards and prioritizing customer safety and well-being[10]. Financial Position - As of March 31, 2022, the total equity of the group was HKD 14.2 million, down from HKD 20.0 million in 2021, indicating a decrease of 29%[30]. - The group's cash and bank balances as of March 31, 2022, were HKD 14.2 million, a decrease from HKD 29.4 million in 2021, representing a decline of 52%[30]. - Operating cash generated for the year ended March 31, 2022, was HKD 4.3 million, down from HKD 9.0 million in 2021, reflecting a decrease of 52%[30]. - The group's lease liabilities as of March 31, 2022, amounted to HKD 18.7 million, an increase from HKD 6.4 million in 2021, showing a rise of 192%[30]. Corporate Governance - The company has established an audit committee in compliance with GEM listing rules, which reviewed the audited consolidated financial statements for the year ending March 31, 2022, ensuring compliance with applicable accounting standards[100]. - The board consists of four executive directors and three independent non-executive directors as of March 31, 2022[111]. - The company has adopted corporate governance practices in line with GEM listing rules and has not identified any deviations during the reporting period[109]. - The board is collectively responsible for corporate governance duties, including reviewing and monitoring compliance with laws and regulations[122]. Shareholder Communication - The company has established a shareholder communication policy to ensure timely and comprehensive information dissemination to shareholders and investors, which is reviewed at least annually[157]. - The company holds annual general meetings to provide opportunities for shareholders to communicate with the board and management, with voting procedures clearly outlined[160]. - The company allows shareholders holding at least 10% of the paid-up capital to request the board to convene a special general meeting[164]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes the importance of corporate social responsibility and aims to fulfill its responsibilities towards individuals, communities, and the environment[178]. - The board reviews the company's environmental, social, and governance (ESG) performance annually and identifies related risks[178]. - The company aims to integrate sustainable development into its core business values moving forward[181]. - The company has identified six key stakeholder groups, including shareholders, government, business partners, customers, employees, and the public, and maintains ongoing communication with them[185].
密迪斯肌(08307) - 2022 - 年度财报