Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue increased by approximately 27.8% to about HKD 682.2 million compared to HKD 533.9 million for the fiscal year ending March 31, 2021[14][20] - The gross profit for the reporting year rose by approximately 45.7% to about HKD 104.9 million[15] - The profit attributable to the company's owners decreased by approximately 29.9% to about HKD 15.2 million, while the adjusted profit attributable to the company's owners increased by approximately 6.5% to HKD 18.3 million[16][20] - Basic earnings per share for the reporting year decreased by approximately 30.1% to about HKD 1.90, down from HKD 2.72 in the previous year[17][20] - The group's revenue for the fiscal year ending March 31, 2022, increased by approximately 27.8% compared to the same period in 2021, while gross profit rose by about 45.7%[29] - Other income and gains decreased by approximately 57.2% to about HKD 2.6 million, down from approximately HKD 6.0 million, mainly due to a reduction in rental modification income and interest income[41] - Administrative expenses increased by approximately 240.4% to about HKD 42.3 million, compared to approximately HKD 12.4 million in the previous year, driven by professional fees related to acquisitions and increased employee costs[43] - Financing costs rose significantly by approximately 774.9% to about HKD 3.0 million, up from approximately HKD 0.3 million, primarily due to interest expenses on convertible bonds issued for acquisitions[45] - The company's attributable profit decreased by approximately 29.9% to about HKD 15.2 million, down from approximately HKD 21.7 million in the previous year[49] - Total employee costs for the year were approximately HKD 116.8 million, significantly up from HKD 46.8 million in the previous year, reflecting an increase in workforce from 90 to 903 employees[61] Strategic Development - The company was able to implement strategies to increase market share and maintain gross profit margins despite challenges posed by the COVID-19 pandemic[20] - The company is focusing on strategic development in three key areas: Hybrid Cloud, Multi Cloud, and "as-a-Service" solutions, as well as container technology and cybersecurity[30] - The company aims to expand its customer base across new industries in the Asia-Pacific region and enhance its service offerings, including consulting and vertical retail solutions[34] - The company will continue to explore suitable acquisition opportunities to enhance corporate value, ensuring that such actions align with the best interests of the group and its shareholders[36] - The group expanded its main business to provide IT infrastructure management services, including hardware maintenance and IT outsourcing, following the acquisition of 70% of S1IHL's issued share capital[145] Challenges and Outlook - The company anticipates challenges in the short to medium term due to the ongoing COVID-19 pandemic, supply chain issues, and economic pressures, which may negatively impact revenue and profitability[30] Corporate Governance - The board of directors consists of 4 independent non-executive directors, representing at least one-third of the board members, ensuring compliance with GEM listing rules[90] - The company has adopted the corporate governance code as per GEM listing rules, maintaining good corporate governance practices throughout the fiscal year 2022[86] - The company emphasizes the importance of board diversity, considering various factors such as gender, age, and professional experience in board appointments[90] - The company’s independent non-executive directors possess professional knowledge in finance, law, and management, contributing to effective governance[91] - The board regularly reviews its corporate governance policies to enhance governance standards and meet increasing expectations from shareholders[86] - The company is committed to reviewing and monitoring compliance with corporate governance policies and practices[116] Risk Management - The group has established risk management policies aimed at managing risks associated with business objectives, with a focus on identifying significant risks in operations[130] - The risk management procedures prioritize risks based on their likelihood and potential impact, with immediate mitigation actions taken as necessary[130] Shareholder Information - The board has proposed a final dividend of HKD 0.77 per ordinary share for the year ended March 31, 2022, down from HKD 0.90 in 2021, pending shareholder approval[149] - The company has no fixed dividend payout ratio, with dividend amounts determined based on overall economic conditions and financial performance[133] - Shareholders can communicate with the company through various channels, including financial reports and annual general meetings[135] Employee and Management - The company’s financial manager has over 20 years of experience in accounting and finance, overseeing the overall accounting and financial functions[82] - The company has a senior manager with approximately 19 years of experience in IT solutions and services sales and marketing[82] - The company’s secretary has over 17 years of experience in corporate secretarial roles, enhancing governance practices[83] Acquisitions and Investments - The company completed the acquisition of 70% of ServiceOne International Holdings Limited on October 8, 2021, which has been consolidated into the company's financial statements[20] - The acquisition of S1IHL, which provides IT infrastructure management services, was completed, making it a 70% owned subsidiary, enhancing the group's position as a major IT service provider in the Asia-Pacific region[22] Financial Position - The capital-to-debt ratio increased to 0.44 as of March 31, 2022, compared to 0.05 in the previous year, indicating a higher level of debt relative to equity[51] - The effective tax rate for the reporting year was 18.0%, compared to 16.2% in the previous year, reflecting increased tax expenses from IT infrastructure management services[48] - The group did not have any significant investments or contingent liabilities as of March 31, 2022, maintaining a stable financial position[57][58] - As of March 31, 2022, the company's distributable reserves amounted to approximately HKD 39.8 million[158] Stock Options and Shareholding - The stock option plan adopted on March 15, 2016, allows for a total of up to 80,000,000 shares to be issued, representing 10% of the total shares issued at the time of listing[193] - As of March 31, 2022, there were 11,920,000 unexercised stock options under the plan, accounting for approximately 2.0% of the shares issued during that period, with 3,040,000 options having vested[196] - The company issued convertible bonds amounting to HKD 75,600,000 held by Zhu Zhao Shen[178] - Major shareholder Mo Zhu Liang holds 91,800,000 shares, representing approximately 11.4% of the total shares[181] - Major shareholder Zhang Li Ji holds 89,760,000 shares, representing approximately 11.2% of the total shares[181] - The company has a significant interest from China Expert, which owns 70% of ServiceOne Global[178]
思博系统(08319) - 2022 - 年度财报