Financial Performance - The Group generated revenue of approximately HKD 60.7 million for the year ended March 31, 2023, down from HKD 72.4 million in 2022[11]. - The group's revenue for the year ended March 31, 2023, was approximately HKD 101.4 million, an increase of about HKD 24.5 million or 31.9% compared to HKD 76.9 million for the year ended March 31, 2022[23]. - The overall gross profit margin for the year ended March 31, 2023, was approximately 14.6%, up from 3.9% for the year ended March 31, 2022[25]. - The group recorded a net loss of approximately HKD 19.0 million for the year ended March 31, 2023, compared to a net loss of approximately HKD 10.4 million for the year ended March 31, 2022[29]. - Administrative expenses increased by approximately HKD 12.7 million or 95.6% to approximately HKD 26.0 million for the year ended March 31, 2023, primarily due to an increase in employee costs[26]. Business Operations - The Group's supply chain management business in China generated revenue of approximately HKD 40.7 million for the year ended March 31, 2023, achieving a gross profit[11]. - The Group did not generate any revenue from its new energy charging pile supply and installation business in China for the year ended March 31, 2023, compared to approximately HKD 4.5 million in 2022[11]. - The Group plans to develop a one-stop e-commerce platform to expand its services in the supply chain industry in China[15]. - The Group aims to adopt a more aggressive approach to handle tender invitations and explore opportunities in the Chinese supply chain industry[15]. - The Group's management remains optimistic about the prospects of its new business and will continue to expand it to enhance revenue and profitability[15]. Investment and Financial Strategy - The Group is seeking suitable investment opportunities to diversify its business and enhance shareholder returns[12]. - The Group will regularly review the performance of different business segments and allocate resources accordingly to maximize shareholder returns[15]. - The company does not plan any major investments or capital asset projects as of March 31, 2023, suggesting a focus on operational stability[53]. - The total amount utilized from the net proceeds of the share subscriptions was approximately HKD 33.6 million, including HKD 10.0 million for debt repayment[45]. Employee and Workforce Management - The total employee compensation for the year ended March 31, 2023, was approximately HKD 18.4 million, an increase from HKD 8.9 million in 2022, reflecting a rise in workforce from 20 to 74 employees[55]. - The overall employee turnover rate decreased to approximately 7% in the 2023 fiscal year, down from 86% in 2022[144]. - The company has maintained a zero work-related fatality record for three consecutive years, with no workdays lost due to occupational injuries during the reporting period[153]. - The company provides comprehensive employee compensation, including basic wages, vacation, and discretionary bonuses, in accordance with market practices[149]. - The company emphasizes equal opportunities and non-discrimination in its hiring practices, ensuring a fair selection process based on merit[147]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental, Social, and Governance (ESG) working group to systematically manage ESG issues and report regularly to the board[95]. - The ESG report covers the company's performance in environmental, social, and governance aspects for the fiscal year ending March 31, 2023[90]. - The company aims to balance its corporate social responsibility efforts and has identified key ESG issues through stakeholder engagement[91]. - The company has committed to environmental protection and sustainable development as part of its ESG initiatives[89]. - The company has established a waste management plan detailing procedures for handling, storing, and disposing of waste, ensuring clear communication with all workers and subcontractors[132]. Compliance and Risk Management - The company has a zero-tolerance policy towards corruption and has not encountered any significant violations of anti-corruption laws during the reporting period[178]. - The company has established a quality management system to ensure continuous improvement in project standards and customer satisfaction[170]. - The company has implemented a gender diversity policy for the board and senior management, with measurable goals disclosed in its governance report[198]. - The board conducts annual assessments of the independence of non-executive directors to ensure independent viewpoints are obtained[198]. - The company has established a whistleblowing policy since 2015, ensuring that confirmed cases are reported to the board and audit committee[195].
中国红包(08316) - 2023 - 年度财报