Financial Performance - Total revenue for the fiscal year 2022 was approximately HKD 199.9 million, an increase of about HKD 21.0 million or 11.7% compared to HKD 178.9 million in the previous fiscal year[11]. - The profit and total comprehensive income for the fiscal year 2022 was approximately HKD 10.9 million, a decrease of about HKD 1.5 million or 12.1% from HKD 12.4 million in the previous fiscal year[11]. - Revenue from construction protection services rose from approximately HKD 110.2 million in 2021 to approximately HKD 117.6 million in 2022, an increase of about HKD 7.4 million or 6.7%[17]. - Revenue from the supply of construction protection products increased from approximately HKD 68.8 million in 2021 to approximately HKD 82.2 million in 2022, an increase of about HKD 13.4 million or 19.5%[19]. - Gross profit increased from approximately HKD 58.9 million in 2021 to approximately HKD 62.3 million in 2022, an increase of about HKD 3.4 million or 5.8%[21]. - The company's total assets as of March 31, 2022, were approximately HKD 258.2 million, up from HKD 221.0 million as of March 31, 2021, an increase of about HKD 37.2 million or 16.8%[33]. - The company's equity attributable to equity holders increased from approximately HKD 171.2 million in 2021 to approximately HKD 182.1 million in 2022, an increase of about HKD 10.9 million[33]. - The company's interest-bearing borrowings increased from approximately HKD 4.2 million in 2021 to approximately HKD 28.6 million in 2022[33]. - The company's total comprehensive income decreased from approximately HKD 12.4 million in 2021 to approximately HKD 10.9 million in 2022[30]. Operational Highlights - The group undertook 309 projects with a total contract value of approximately HKD 789.3 million, of which 28 projects were completed with a contract value of approximately HKD 15.7 million[14]. - As of March 31, 2022, there were 281 ongoing contracts with a total contract value of approximately HKD 773.6 million[14]. - The company plans to actively explore and seek more high-quality construction protection products to create reliable solutions for customers[11]. - The company has expanded its workforce by hiring a quantity surveyor manager, a quantity surveyor, two project managers, three foremen, and a project clerk to support the growing number of construction protection projects[60]. - The company has secured several large-scale planned projects and has fully utilized the relevant proceeds for the procurement of construction protection materials[60]. - The company has engaged a testing center to conduct experimental testing for its new waterproof products[60]. Environmental and Sustainability Initiatives - The group emphasizes its commitment to reducing operational environmental impact and promoting sustainability through the use of eco-friendly products and recycling initiatives[12]. - The company actively promotes environmental protection by advocating the importance of environmental responsibility among employees and encouraging recycling and reuse of materials[170]. - The company has established a management system to strictly control the use of company vehicles to minimize greenhouse gas emissions[176]. - The company has developed environmental goals related to greenhouse gas emissions, waste management, and energy consumption, which have been approved by the board[169]. - The company has not identified any significant non-compliance with environmental laws and regulations during the fiscal year 2022[170]. - The company aims to reduce total greenhouse gas emissions intensity by March 31, 2027, using the fiscal year 2022 as the baseline[176]. Corporate Governance - The company has adopted the GEM Listing Rules Appendix 15 Corporate Governance Code as the basis for its corporate governance practices[85]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring compliance with GEM Listing Rules[87]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to enhance governance efficiency[96]. - The independent non-executive directors represent over one-third of the board, fulfilling the independence requirements of GEM Listing Rules[93]. - The company has committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[85]. - The board held five meetings during the fiscal year ending March 31, 2022, with a 100% attendance rate from all directors[117]. Risk Management - The risk management process includes identifying, assessing, responding to, monitoring, and reporting risks, covering strategic, credit, operational, market, liquidity, legal, and regulatory risks[126]. - The board is responsible for the effectiveness of the group's risk management and internal control systems, which are reviewed annually[125]. - The company has incorporated transition risks into its risk management framework for regular review[200]. - The company has developed emergency plans to mitigate the negative impacts of extreme weather events on its operations[199]. Shareholder Relations - The company emphasizes effective communication with shareholders to strengthen investor relations and understanding of business performance[139]. - The company’s website serves as a platform for communication with shareholders and potential investors, providing updates on business developments and financial information[139]. - Shareholders have the right to convene special general meetings if they hold at least 10% of the voting rights[134]. Employee and Management Information - Total employee costs (excluding directors' remuneration) for the year ended March 31, 2022, were approximately HKD 30.1 million, compared to HKD 29.0 million for the year ended March 31, 2021[54]. - The finance director has over 10 years of experience in accounting, auditing, and corporate finance, having worked on acquisitions and mergers[77]. - The general manager has over 23 years of experience in the building materials trade, overseeing overall business strategy and sales[79]. - The project manager has over 20 years of experience in the building materials industry, managing site activities and construction project progress[80]. ESG Reporting - The environmental, social, and governance (ESG) report outlines the company's commitment to sustainable development and compliance with relevant regulations[145]. - The ESG report was prepared in accordance with the Hong Kong Stock Exchange's GEM listing rules, ensuring effective management policies and internal controls[151]. - The report highlights the importance of stakeholder engagement and materiality assessment in identifying significant issues for the company[154]. - The ESG report was confirmed and approved by the board in June 2022, reflecting the company's commitment to transparency and accountability[157].
新威工程集团(08616) - 2022 - 年度财报