Financial Performance - Revenue for the fiscal year 2022 reached HKD 537,371,000, an increase of 47% compared to HKD 365,833,000 in 2021[6] - Profit before tax for 2022 was HKD 71,783,000, slightly down from HKD 72,806,000 in the previous year[6] - Total comprehensive income for the year was HKD 56,569,000, down from HKD 66,212,000 in 2021[6] - Adjusted net profit for 2022 was HKD 75,918,000, compared to HKD 70,867,000 in 2021, reflecting a growth of 7.2%[7] - The profit and total comprehensive income decreased by approximately 14.6% from about HKD 66.2 million in FY2021 to about HKD 56.6 million in FY2022[5] - Excluding non-recurring listing expenses and government subsidies, profit and total comprehensive income increased by approximately 143.6% from about HKD 31.2 million in FY2021 to about HKD 75.9 million in FY2022[5] Assets and Liabilities - Non-current assets decreased to HKD 8,229,000 in 2022 from HKD 15,009,000 in 2021[8] - Current assets increased to HKD 284,678,000 in 2022 from HKD 236,710,000 in 2021, indicating a strong liquidity position[8] - Cash and cash equivalents at the end of 2022 were HKD 117,067,000, down from HKD 127,159,000 in 2021[9] - Total borrowings as of March 31, 2022, were approximately HKD 2.3 million, down from HKD 4.0 million as of March 31, 2021, resulting in a debt-to-equity ratio of 1.0%[31] Revenue Segmentation - The revenue from the security services segment increased by approximately 51.4% from about HKD 336.9 million in FY2021 to about HKD 510.2 million in FY2022[20] - Revenue from manpower support services increased by approximately 79.8%, contributing about HKD 94.1 million from COVID-19 testing support services[20] Expenses - Employee benefit expenses increased by approximately 34.3% from about HKD 250.0 million in FY2021 to about HKD 335.7 million in FY2022[23] - Subcontracting costs surged by approximately 285.5% from about HKD 23.8 million in FY2021 to about HKD 91.7 million in FY2022[25] Dividends - The board proposed a final dividend of HKD 0.054 per share, up from HKD 0.0325 per share in FY2021, totaling approximately HKD 43.2 million[5] - The proposed final dividend for the fiscal year ending March 31, 2022, is HKD 0.054 per ordinary share, an increase from HKD 0.0325 per share in the previous year, representing a 66.15% increase[153] Corporate Governance - The company confirmed compliance with all applicable corporate governance code provisions as of March 31, 2022[93] - The board consists of eight members, including five executive directors and three independent non-executive directors, ensuring a balance of power and authority[95] - The positions of Chairman and CEO are held by different individuals to ensure a balance of power and prevent concentration of authority[97] - The board emphasizes the importance of good corporate governance practices to enhance accountability and transparency for shareholders[93] Market Outlook - The expected market size for security services in Hong Kong is projected to grow to approximately HKD 39.9 billion by 2025, with a CAGR of about 7.7% from 2021 to 2025[51] - The facility management services market is expected to reach approximately HKD 81.8 billion by 2025, with a CAGR of about 5.3% from 2021 to 2025[52] Strategic Initiatives - The company aims to expand its security services and improve operational efficiency to become a leading integrated facilities management service provider in Hong Kong[16] - The company is selectively seeking strategic acquisition and investment opportunities to leverage its enhanced financial resources post-listing[16] - The company is exploring potential acquisitions to enhance its service portfolio, with a budget of up to HKD 300 million allocated for this purpose[86] Risk Management - The company has identified significant risks related to contracts with railway companies and the Hong Kong government, particularly concerning high-speed rail contracts, which could adversely affect business performance if not renewed[179] - The board is responsible for maintaining effective risk management and internal control systems, which are reviewed at least annually[132] Social Responsibility - The group made charitable donations amounting to HKD 3.0 million for the year ended March 31, 2022, compared to none in 2021[198] - The company has established a scholarship at The Chinese University of Hong Kong to support youth development and education[63] Employee and Management - The number of employees increased to 2,372 as of March 31, 2022, from 2,042 as of March 31, 2021, with total employee costs amounting to approximately HKD 335.7 million[47] - The management team is focused on overall corporate strategy formulation and business management[72]
国际永胜集团(06663) - 2022 - 年度财报