Financial Performance - The company recorded a revenue of RMB 30.183 million in the fiscal year 2021, an increase of 37% compared to RMB 22.061 million in 2020[8]. - The net loss for the fiscal year 2021 was approximately RMB 0.768 million, a reduction from a net loss of RMB 1.812 million in 2020[12]. - Basic and diluted loss per share for fiscal year 2021 was RMB 0.10, compared to RMB 0.23 in 2020, indicating an improvement in financial performance[12]. - Total assets as of December 31, 2021, amounted to RMB 105.004 million, slightly up from RMB 103.816 million in 2020[9]. - Total liabilities increased to RMB 15.092 million in 2021 from RMB 13.187 million in 2020[9]. - The company maintained a total equity of RMB 89.912 million in 2021, a slight decrease from RMB 90.629 million in 2020[9]. - The company reported a gross profit of RMB 17.777 million in 2021, up from RMB 12.587 million in 2020, indicating improved profitability[8]. - The company recorded a net loss of approximately RMB 0.8 million for the fiscal year 2021, a decrease from a net loss of RMB 1.8 million in fiscal year 2020, representing a reduction of about 57.6%[31]. - Total revenue increased from approximately RMB 22.1 million in fiscal year 2020 to approximately RMB 30.2 million in fiscal year 2021, an increase of about RMB 8.1 million or 36.8%[21]. Revenue Breakdown - Revenue from event management services rose by approximately 45.8% from RMB 7.0 million in fiscal year 2020 to RMB 10.2 million in fiscal year 2021, accounting for 33.7% of total revenue[22]. - Revenue from design and production services increased by approximately 32.7% from RMB 15.1 million in fiscal year 2020 to RMB 20.0 million in fiscal year 2021, representing 66.3% of total revenue[22]. - Other income decreased from approximately RMB 881,000 in fiscal year 2020 to approximately RMB 322,000 in fiscal year 2021, a decline of about 63.5%[23]. Operational Costs - Employee benefits expenses rose to RMB 12.633 million in 2021, compared to RMB 10.307 million in 2020, reflecting increased operational costs[8]. - Project costs increased from approximately RMB 9.5 million in fiscal year 2020 to approximately RMB 12.4 million in fiscal year 2021, an increase of about RMB 2.9 million or 30.9%[24]. - Employee benefits expenses rose from approximately RMB 10.3 million in fiscal year 2020 to approximately RMB 12.6 million in fiscal year 2021, an increase of about RMB 2.3 million or 22.6%[27]. Cash and Equity - As of December 31, 2021, the company's cash and cash equivalents were approximately RMB 92.9 million, up from RMB 43.5 million in 2020[34]. - The company had no interest-bearing debt as of December 31, 2021, resulting in a debt-to-equity ratio of 0%[38]. - The issued share capital of the company was RMB 5.6 million, with 800,000,000 ordinary shares at a par value of USD 0.001 per share as of December 31, 2021[42]. Future Outlook and Strategy - The company remains cautious about future operations due to ongoing challenges from the COVID-19 pandemic and its variants, impacting marketing service demand[17]. - The company plans to establish new subsidiaries in Wuxi and Beijing, having already completed the renovation of the new office in Wuxi and commenced operations in the fiscal year 2020[49]. - The company is continuously evaluating its business objectives and strategies in response to market conditions to stimulate growth[78]. - The company has allocated HKD 12.6 million for establishing new subsidiaries in Wuxi and Beijing, with full utilization expected by December 31, 2022[77]. Employee and Workforce - A total of 22 employees were hired to support the operations of the Wuxi subsidiary, including 3 business managers and 17 event managers/designers[49]. - The group employed 90 employees as of December 31, 2021, compared to 59 employees in the previous year, representing a growth of 52.5%[91]. - Employee turnover during the reporting period was 12 individuals, representing a turnover rate of 13.3%[162]. - The total employee cost for the fiscal years 2020 and 2021 was approximately RMB 10.3 million and RMB 12.6 million, respectively, reflecting a year-over-year increase of about 23.5%[91]. Environmental, Social, and Governance (ESG) Initiatives - Environmental, social, and governance (ESG) initiatives are being prioritized, with a commitment to reduce carbon emissions by HH% over the next five years[118]. - The company has established key performance indicators (KPIs) to measure the effectiveness of its ESG policies, ensuring accountability and transparency[117]. - The company has implemented energy-saving measures, including the use of energy-efficient equipment and encouraging employees to turn off unnecessary lighting and equipment, aiming to reduce electricity consumption[144]. - The company has adopted a 4-R principle (Reduce, Reuse, Replace, Recycle) in its waste management practices to minimize waste generation[138]. - The company is committed to reducing its carbon and ecological footprint by using durable and low-carbon materials in its operations[137]. - The company aims to enhance environmental awareness among employees and business partners while pursuing green and paperless operations[138]. - The company has complied with all applicable environmental protection laws and regulations, with no significant fines or legal actions related to environmental issues during the reporting period[125]. Compliance and Risk Management - The board has ensured compliance with applicable laws and regulations, with no deviations or violations reported during the fiscal year[87]. - The group faced credit risk primarily influenced by the characteristics of individual customers and the industries they operate in[81]. - The group has not encountered any significant events that could impact its operations since December 31, 2021[92]. - The company has no significant contingent liabilities or pending litigation that could adversely affect its business or financial condition as of December 31, 2021[40]. Customer Engagement and Feedback - The company actively seeks customer feedback to improve service efficiency and quality[180]. - The management team emphasized the importance of stakeholder engagement, aiming to enhance communication and collaboration with all parties involved[116].
旅橙文化(08627) - 2021 - 年度财报