Business Strategy and Development - The Group reported a commitment to enhance its marketing capabilities and expand its product portfolio to increase market share in Hong Kong and Macau[17]. - The Group plans to utilize net proceeds from the Listing for enhancing after-sales quality, improving IT systems, and establishing a software development center in the PRC[17]. - The Group is focused on research and development of touchless biometrics identification devices and AIoT technologies[17]. - The Group aims to become one of the active biometrics identification solutions providers in the PRC[17]. - The Group intends to diversify its business by exploring new lines including artificial intelligence technology solutions and catering management[24]. - The Group observed a market trend shift from touch biometrics to touchless biometrics due to increased public health awareness during the COVID-19 pandemic, prompting plans to diversify product functions[61]. - The Group's future plans include research and development on AIoT and touchless biometrics identification devices[90][92]. Financial Performance - The financial year ended March 31, 2023, will be detailed in the Management Discussion and Analysis section[16]. - The Group's revenue for the year ended March 31, 2023, was approximately HK$43.2 million, a decrease of about 11.8% from HK$49.0 million for the year ended March 31, 2022[32]. - Sales of biometrics identification devices, security products, and other accessories decreased by approximately HK$4.7 million (or 14.4%) compared to the previous year[32]. - The gross profit margin dropped from approximately 34.1% in 2022 to approximately 30.2% in 2023, with gross profit decreasing from approximately HK$16.7 million to HK$13.0 million[38]. - The Group incurred a net loss of approximately HK$24.2 million for the year ended 31 March 2023, compared to a net loss of approximately HK$23.2 million for the year ended 31 March 2022, indicating an increase in net loss of about 4.3%[49]. - As of 31 March 2023, the Group had approximately HK$17.9 million in bank and cash balances, a decrease from approximately HK$36.9 million as of 31 March 2022, representing a decline of about 51.6%[50]. - The Group had no bank borrowings as of 31 March 2023 and 2022, resulting in a gearing ratio of 0%[51]. - No final dividend was recommended for the year ended March 31, 2023[83][87]. Operational Efficiency - Staff costs increased to approximately HK$30.8 million in 2023, up by approximately HK$2.5 million from HK$28.3 million in 2022[39]. - Administrative expenses decreased to approximately HK$28.7 million in 2023, down by approximately HK$3.8 million from HK$32.5 million in 2022[40]. - The Group's costs of inventories sold decreased by approximately 11.7% to approximately HK$14.3 million for the year ended March 31, 2023[38]. - The Group purchased property, plant, and equipment amounting to approximately HK$1.6 million for the year ended March 31, 2023, down from approximately HK$5.1 million in 2022, indicating a decrease of about 68.6%[68]. - The Group did not have any significant capital commitments as of 31 March 2023, consistent with the previous year[69]. - There were no significant investments, material acquisitions, or disposals of subsidiaries during the year ended 31 March 2023[73]. Leadership and Management - Mr. Mui has over 36 years of experience in the information technology and telecommunication industry, contributing to strategic planning and business development[117]. - Mr. Hui has over 25 years of experience in the engineering industry, overseeing sales and marketing functions since his appointment as an executive director on January 10, 2023[119]. - Ms. Leung has approximately 25 years of experience in the technology and electronics industries, assisting in strategic planning as a non-executive director since February 10, 2023[133]. - The company has a diverse board with members bringing extensive experience from various industries, enhancing its strategic capabilities[137]. - The management team includes professionals with backgrounds in engineering, technology, and business development, ensuring a well-rounded approach to market challenges[138]. - The appointment of experienced directors like Mr. Hui and Ms. Leung reflects the company's commitment to strengthening its leadership team[119][133]. Environmental, Social, and Governance (ESG) - The Group aims to establish a sound environmental, social, and governance structure based on the ESG Reporting Guide[166]. - The Board has identified potential and material ESG issues affecting the business and stakeholders, participating in the materiality assessment[176]. - The management and ESG working team are responsible for reviewing and supervising the ESG process and risk management of the Group[175]. - The report includes quantitative measures of ESG issues, presenting information with standards, methodologies, and comparative data[173]. - The Group emphasizes environmental protection as a core value and actively seeks to implement new technologies to minimize environmental impact[190]. - The Group aims to reduce carbon footprints, promote waste reduction, and enhance waste disposal management as part of its environmental policies[194]. - Compliance with various significant laws and regulations, including the Environmental Protection Law of the PRC, is a priority for the Group[195]. Emissions and Sustainability - The Group emitted a total of 96,794 kg of greenhouse gases during the Year, an increase from 80,184 kg in 2022, representing a 20% rise[200]. - Direct emissions (Scope 1) accounted for 39,126 kg, which is 40% of total emissions[200]. - Indirect emissions (Scope 2) were 57,668 kg, making up 60% of total emissions[200]. - The Group's key performance indicators for emissions included NOx at 112.5 g (34% increase), SOx at 213.4 g (64% increase), and PM at 8.3 g (2% increase) compared to previous metrics[198]. - The Group encourages the use of e-statements to reduce paper usage and greenhouse gas emissions[196]. - The Group promotes energy conservation by switching off all computers and office equipment at the end of each working day[196]. - The environmental impact focus includes reducing energy and paper consumption as part of the Group's sustainability initiatives[196].
懒猪科技(08379) - 2023 - 年度财报