Listing and Compliance - The Group successfully listed on GEM of The Stock Exchange of Hong Kong Limited on February 14, 2018, establishing a foundation for continuous development[17]. - The Company emphasizes the importance of compliance with the Rules Governing the Listing of Securities on GEM, ensuring accuracy and completeness in reporting[5]. - The Company is committed to transparency and accountability, with directors accepting full responsibility for the report's contents[5]. Financial Performance - The annual report covers the financial year ended March 31, 2022, providing insights into the Group's performance and strategic direction[18]. - The report includes a five-year financial summary, highlighting key financial trends and performance indicators[7]. - The Group's revenue for the year ended 31 March 2022 was approximately HK$49.0 million, representing an increase of approximately 6.5% from HK$46.0 million for the year ended 31 March 2021[32]. - Sales of biometrics identification devices, security products, and other accessories amounted to HK$32.4 million, while revenue from auxiliary and other services was HK$16.6 million for the year ended 31 March 2022[35]. - The Group incurred a net loss of approximately HK$23.2 million for the year ended 31 March 2022, compared to a net loss of approximately HK$7.1 million for the year ended 31 March 2021, representing an increase in net loss of approximately 226.76%[47]. - The Group's gross profit margin decreased from approximately 43.0% in 2021 to approximately 34.1% in 2022, with gross profit dropping from HK$19.8 million to HK$16.7 million[37]. - Staff costs for the year ended 31 March 2022 were approximately HK$28.3 million, an increase of approximately HK$3.6 million compared to HK$24.7 million in 2021[39]. - Administrative expenses for the year ended 31 March 2022 were approximately HK$32.5 million, representing an increase of approximately HK$8.7 million from HK$23.8 million in 2021[40]. - As of 31 March 2022, the Group had approximately HK$36.9 million in bank and cash balances, down from approximately HK$59.2 million as of 31 March 2021, indicating a decrease of approximately 37.73%[48]. - The Group had no bank borrowings as of 31 March 2022, resulting in a gearing ratio of 0%[48]. Strategic Initiatives - The Group aims to enhance shareholder value through strategic initiatives and market expansion efforts[16]. - The Group plans to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[21]. - The Group intends to utilize net proceeds from its listing to launch affordable locally manufactured fingerprint identification devices in Southern China[21]. - A new software development center will be established in the PRC to enhance the Group's software capabilities[21]. - The Group is considering diversifying its business into artificial intelligence technology solutions and catering management due to the impact of COVID-19[24]. - The Group plans to utilize approximately HK$15.8 million for launching locally manufactured affordable fingerprint recognition devices as part of its business expansion in Southern China[86]. - The Group aims to enhance after-sales service quality and strengthen operational support as part of its expansion in Southern China[83]. Corporate Governance - The Group's corporate governance practices are outlined in the report, reflecting its commitment to ethical management[7]. - The Group's management discussion and analysis section will provide detailed insights into performance metrics and future strategies[16]. - The Group's management emphasizes the importance of maintaining good relationships with employees, with remuneration policies aligned with market practices[64]. Environmental, Social, and Governance (ESG) - The Group's overall performance in the environmental and social aspects of business operations in Hong Kong for the period from April 1, 2021, to March 31, 2022, is covered in the report[146]. - The Board has identified potential and material ESG issues to the business and its stakeholders, ensuring effective oversight of ESG-related risks[157]. - Material ESG issues identified include anti-discrimination, protecting labor rights, and customer satisfaction, which are deemed high importance to the Group[160]. - The Group aims to balance the views and interests of stakeholders through constructive conversation for long-term prosperity[147]. - The management and ESG working team are responsible for reviewing and supervising the ESG process and risk management[157]. - The Group's commitment to long-term sustainability is communicated to stakeholders, including shareholders, investors, and the general public[147]. - The Group's total greenhouse gas emissions during the Year were 80,184 kg, a decrease from 90,475 kg in 2021, representing a reduction of approximately 14.3%[184]. - The Group is committed to minimizing environmental impacts by complying with legal requirements and promoting recycling and waste reduction[169]. - The Group's environmental policies include setting targets for reducing carbon footprints and enhancing waste disposal management[169]. - The Group actively promotes employee training to foster environmentally responsible business practices[170]. Management and Personnel - Ms. Danielle Sun has over 21 years of treasury experience in the catering industry, managing cash and transaction management for various companies[105]. - Mr. Mui Pak Kuen has over 35 years of experience in the information technology and telecommunication industry, providing market and industry knowledge for strategic planning[109]. - Mr. Joseph Yam dedicated over 33 years to the Hong Kong Police Force and has experience in business development and management in the security sector[114]. - Mr. Chung has over 16 years of management experience, including roles in auditing and business development in the software industry[121]. - The Group's sales and marketing strategies are led by Ms. Danielle Sun, who is responsible for sales to the catering sector[107]. - Mr. Mui was appointed as an independent non-executive Director in January 2018 and later became an executive Director in March 2020[108]. - Mr. Wong has been the chief financial officer of Intelligent Living Application Group Inc. since June 2020[129]. - Mr. Chou has over 18 years of experience in accounting and auditing, previously working at PricewaterhouseCoopers[141].
懒猪科技(08379) - 2022 - 年度财报