Financial Performance - For the fiscal year ending March 31, 2022, the company's revenue and gross profit increased by 8.1% and 6.5% respectively compared to the previous year[20]. - The sales revenue from food and health products grew by 50.5%, significantly contributing to the overall revenue growth[20]. - The profit attributable to the company's owners decreased by approximately HKD 4 million or 14.3% to about HKD 23.8 million for the fiscal year ending March 31, 2022[21]. - The group's revenue increased from approximately HKD 148.9 million in the previous year to approximately HKD 161 million, representing a growth of about HKD 12.1 million or 8.1%[26]. - Gross profit for the year was approximately HKD 104.3 million, up from HKD 97.9 million, reflecting an increase of about 6.5%[26]. - Profit attributable to owners of the company decreased to approximately HKD 20.1 million, down 25.9% from HKD 27.1 million in the previous year[26]. - Net profit decreased from approximately HKD 27,100,000 to HKD 20,100,000, a decline of about HKD 7,000,000 or approximately 25.9%, with the net profit margin dropping from about 18.2% to 12.5%[39]. Dividends - The company plans to pay a final dividend of HKD 0.006 per share for the fiscal year ending March 31, 2022[21]. - The company plans to pay a final dividend of HKD 0.006 per share, totaling approximately HKD 6.7 million, consistent with the previous year[27]. - The board proposed a final dividend of HKD 0.006 per share, totaling approximately HKD 6,700,000, consistent with the previous year[52]. Operational Changes - The company has relocated several retail stores to more favorable locations to attract higher foot traffic[20]. - The company shifted focus to online shopping during the fifth wave of COVID-19 in Hong Kong to maintain stable revenue[20]. - The launch of new health products under the "INVITY" and "POME" brands contributed to the increase in sales revenue[20]. - Sales revenue from the new store opened in November 2021 contributed approximately HKD 4.2 million to the overall revenue increase[29]. - Online sales revenue increased by approximately HKD 4.9 million due to a shift to online shopping during the COVID-19 pandemic[29]. Expenses and Costs - The increase in marketing expenses and reduced foreign exchange gains were primary factors for the decline in profit[21]. - The cost of sales rose from approximately HKD 51 million to about HKD 56.8 million, an increase of approximately 11.3%[31]. - Selling and distribution expenses increased by approximately HKD 5.6 million to about HKD 38.2 million, a rise of 17.1%[34]. - Administrative and operating expenses increased by approximately HKD 5,300,000 to HKD 41,000,000, representing a growth of about 15.0% compared to the previous year[35]. Employee and Staffing - As of March 31, 2022, the group employed a total of 84 full-time employees and 13 part-time employees, an increase from 79 full-time and 11 part-time employees in the previous year[55]. - Employee costs, including director remuneration, amounted to approximately HKD 38,900,000 for the year ending March 31, 2022, compared to HKD 28,900,000 in the previous year, reflecting a year-on-year increase of 34.7%[55]. Corporate Governance - The board of directors held a total of seven meetings during the fiscal year ending March 31, 2022, with all directors attending at least 5 out of 7 meetings[106]. - The company has adopted a diversity policy for its board members, with the current composition being 5 females and 3 males out of 8 total directors[115]. - The company has complied with the GEM Listing Rules by appointing at least three independent non-executive directors, constituting one-third of the board[108]. - The board is responsible for overseeing the company's business strategies and performance, ensuring effective internal controls and risk management systems[111]. - The company has established written guidelines for employees regarding securities trading, ensuring compliance with the standards set forth[100]. Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the period from April 1, 2021, to March 31, 2022, and includes 12 locations, all based in Hong Kong[158]. - The company has been committed to providing health-conscious products since its establishment in 2009, aligning with its brand philosophy of "choosing beauty"[159]. - The company has implemented various policies and guidelines to integrate ESG strategies into daily operations, promoting a culture of sustainability among employees[161]. - The company engages with various stakeholders, including customers and suppliers, to ensure product quality, safety, and compliance with environmental standards[168]. - The company prioritizes employee training and career development as part of its commitment to a safe and supportive work environment[168]. Risk Management - The board acknowledges its overall responsibility for assessing and determining the nature and extent of risks it is willing to take in achieving the company's strategic objectives[142]. - The company conducts annual independent reviews of its risk management and internal control systems to identify and manage significant risks[165]. - The board has conducted an annual review of the risk management and internal control systems in May 2022, confirming that these systems are effective and adequate[144].
弥明生活百货(08473) - 2022 - 年度财报