Financial Performance - The group recorded revenue of approximately HKD 113.7 million for the fiscal year 2022, an increase of about 10.2% compared to HKD 103.1 million in fiscal year 2021[10]. - The net loss for fiscal year 2022 was approximately HKD 4.4 million, a significant improvement from a net loss of about HKD 12.5 million in fiscal year 2021[10]. - Operating loss for fiscal year 2022 was approximately HKD 4.6 million, compared to HKD 9.4 million in fiscal year 2021, excluding one-off items[10]. - Gross profit increased from approximately HKD 20.3 million in fiscal year 2021 to about HKD 24.4 million in fiscal year 2022, with a gross margin of 21.5% compared to 19.7% in the previous year[16]. - Total sales costs rose from approximately HKD 82.8 million in fiscal year 2021 to about HKD 89.3 million in fiscal year 2022, consistent with the increase in revenue[15]. - Sales and administrative expenses for the fiscal year 2022 were approximately HKD 28.8 million, a decrease of about HKD 1.9 million from HKD 30.7 million in fiscal year 2021[19]. Challenges and Responses - The company faced challenges due to COVID-19, which significantly impacted customer business and market activities[10]. - The company plans to explore horizontal expansion and service diversification opportunities in response to ongoing uncertainties related to the COVID-19 pandemic[11]. - The group will take actions to maintain profitability and competitiveness in the market[10]. Assets and Liabilities - Trade and other receivables decreased from approximately HKD 8.8 million as of March 31, 2021, to approximately HKD 6.5 million as of March 31, 2022, primarily due to a reduction in trade receivables[25]. - Cash and cash equivalents decreased from approximately HKD 23.6 million as of March 31, 2021, to approximately HKD 19.1 million as of March 31, 2022, mainly due to a decline in operating performance caused by COVID-19[26]. - The company's right-of-use assets increased by 26.1% from approximately HKD 7.4 million as of March 31, 2021, to approximately HKD 9.3 million as of March 31, 2022[24]. - Current assets net value as of March 31, 2022, was approximately HKD 4.2 million, down from HKD 10.8 million as of March 31, 2021[29]. - Trade and other payables increased from approximately HKD 14.9 million as of March 31, 2021, to approximately HKD 15.7 million as of March 31, 2022, mainly due to an increase in long service payment provisions[28]. Shareholder Information - The board does not recommend the payment of a final dividend for the year ended March 31, 2022[31]. - The company has adopted a dividend policy that considers operating performance, working capital, financial condition, future prospects, and funding needs when determining dividends[86]. - Major shareholders hold significant stakes, with Ms. Xiao Minyin owning approximately 31.16% (280,400,000 shares) of the issued share capital as of March 31, 2022[97]. - The total number of shares issued by the company remains at 900,000,000, with no changes in the overall share structure[124]. Governance and Management - The company has established a solid governance structure with various committees to ensure effective oversight and management[57]. - The board of directors consists of 7 members, including 4 executive directors and 3 independent non-executive directors[132]. - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules[131]. - The board is committed to improving corporate governance practices and standards continuously[130]. - The company has received annual confirmations of independence from all independent non-executive directors[144]. Sustainability and Environmental Impact - The company is committed to integrating sustainable development initiatives into daily operations and management, aiming to improve environmental, social, and governance performance[186]. - The total greenhouse gas emissions amounted to 700.74 tons of CO2 equivalent, with a carbon intensity of 6.17 tons of CO2 equivalent per HKD 1 million revenue, compared to 656.17 tons and 6.36 tons respectively in the previous fiscal year[200]. - The company has set a target to reduce greenhouse gas emissions by 10% and improve energy efficiency by 10% by 2027[196]. - The company has established proper ventilation systems at production sites to minimize employee exposure to harmful emissions[197]. - The company has not reported any significant non-compliance incidents related to gas and greenhouse gas emissions, water and land pollution, or hazardous waste generation[200].
环球印馆(08448) - 2022 - 年度财报