Financial Performance - The financial year ending September 30, 2021, faced challenges due to COVID-19 and regulatory developments in mainland China, impacting the IPO market sentiment[18] - The company's revenue for the fiscal year 2021 was approximately HKD 57.5 million, a decrease of 30% from HKD 82.0 million in 2020[32] - Gross profit decreased by approximately HKD 14.7 million or 33.2% to HKD 29.6 million in 2021, with a gross margin of 51.4% compared to 54.1% in 2020[36] - The company recorded a net loss of approximately HKD 1.7 million in 2021, compared to a net profit of HKD 11.3 million in 2020[42] - The service cost for 2021 was approximately HKD 27.9 million, down from HKD 37.6 million in 2020, aligning with the decrease in revenue[33] - Sales expenses increased by approximately HKD 0.9 million or 33.3% to HKD 3.6 million in 2021, primarily due to increased marketing and employee costs[37] - Administrative expenses decreased by approximately HKD 2.7 million or 8.4% to HKD 29.3 million in 2021, due to reduced impairment losses and professional fees[38] - The total asset return rate for the year 2020 was approximately 10.6% (restated), while it turned negative at about -1.9% for 2021[45] - The equity return rate for 2020 was around 16.2% (restated), and it declined to a negative rate of approximately -2.5% in 2021[46] - The gross profit margin for the group was 51.4% in 2021, down from 54.1% in 2020 (restated)[49] Operational Strategy - The company has strengthened its operational capabilities and overall competitiveness over the years to maintain customer relationships[18] - The long-term demand for quality financial printing services remains strong, and the company is poised to seize opportunities[18] - The company plans to enhance its financial printing services in Hong Kong, particularly for IPO-related documents, amidst a high number of IPO applications[22] - The company is actively managing risks and has established independent workstations in different regions to avoid service interruptions[72] - The company has upgraded its computer and email systems, enhancing operational efficiency[72] Sustainability and Corporate Responsibility - The company is committed to incorporating sustainable development practices into its daily operations to create value for stakeholders[18] - The company has implemented a "No Plastic Fantastic" initiative to reduce plastic usage in the office, supporting sustainable development[21] - The company reported a significant focus on environmental sustainability, implementing policies aimed at resource conservation and waste reduction[94] - The company has not generated or emitted any pollutants during its business operations, indicating a low environmental impact[94] - The company made charitable donations of HKD 5,700 during the year, compared to none in 2020[158] Governance and Compliance - The company has a strong commitment to compliance with Hong Kong laws and regulations, ensuring operational adherence through internal rules and procedures[95] - The financial risk management objectives and policies are detailed in the annual report, indicating a structured approach to managing financial uncertainties[93] - The company has a diverse board of directors with extensive experience in finance, law, and management, enhancing governance and oversight[78][79][82] - The financial statements for the year ending September 30, 2021, have been audited, reflecting the company's commitment to transparency and accountability[91] - The company confirmed compliance with all applicable corporate governance code provisions during the year[170] Shareholder and Financial Management - The company decided not to declare a final dividend for the year[105] - As of September 30, 2021, the company's distributable reserves were approximately HKD 36.8 million[110] - The net proceeds from the listing amounted to approximately HKD 28.7 million after deducting underwriting commissions and related listing expenses[66] - The planned use of net proceeds included HKD 18.6 million for upgrading the Central office, with actual usage at HKD 13.9 million[67] - The company expanded its workforce with an allocation of HKD 10 million, of which HKD 7.5 million was utilized by September 30, 2021[67] Board and Committee Activities - The board consists of five directors, with independent non-executive directors making up 60% of the board[176] - The company held four regular board meetings during the year, approving the audited consolidated financial statements for the year ended September 30, 2020[182] - The audit committee reviewed the audited consolidated financial statements for the year[165] - The Audit Committee held four meetings during the year to review and approve the audited consolidated financial statements for the year 2020 and the unaudited condensed consolidated financial statements for the three months ended December 31, 2020, six months ended March 31, 2021, and nine months ended June 30, 2021[194] - The Remuneration Committee held one meeting during the year to determine the remuneration of the company's directors and senior management, as well as to review annual performance bonuses[200]
钜京控股(08450) - 2021 Q4 - 年度财报