Financial Performance - Revenue reached approximately HKD 231.3 million for the year ended April 30, 2022, an increase of about 17.0% compared to HKD 197.6 million in 2021[1] - The annual loss was approximately HKD 7.0 million, compared to a profit of HKD 4.9 million in 2021, primarily due to a decrease in gross profit, reduced other income, and increased administrative expenses[1] - Basic and diluted loss per share was HKD 0.87, compared to earnings of HKD 0.61 per share in 2021[1] - Gross profit for the year was HKD 24.2 million, down from HKD 27.5 million in 2021[3] - Administrative expenses increased to HKD 27.8 million from HKD 15.2 million in 2021[3] - The company reported a loss attributable to owners of HKD 6,992,000 in 2022, compared to a profit of HKD 4,887,000 in 2021[41] - Cost of sales rose by approximately 21.7% to about HKD 207.7 million, attributed to increased subcontracting, direct labor, and material costs[62] - Gross profit decreased by approximately 11.8% to about HKD 24.2 million, with a gross margin of 10.5% due to operational challenges from the COVID-19 pandemic[63] Revenue Breakdown - Revenue from design, supply, and installation services was HKD 210,392,000 in 2022, up from HKD 175,399,000 in 2021, representing a growth of 20%[29] - Revenue from maintenance and repair services was HKD 20,732,000 in 2022, down from HKD 22,071,000 in 2021, reflecting a decline of 6%[29] - The revenue recognized at a point in time was HKD 135,000 in 2022, compared to HKD 128,000 in 2021[28] - The revenue recognized over a period of time was HKD 231,124,000 in 2022, compared to HKD 197,470,000 in 2021, indicating a growth of 17%[28] Assets and Liabilities - Total assets less current liabilities amounted to HKD 137.1 million, up from HKD 114.9 million in 2021[7] - Non-current assets increased to HKD 3.8 million from HKD 6.1 million in 2021, with significant changes in property, plant, and equipment[5] - The total equity increased to HKD 137.1 million from HKD 114.8 million in 2021, reflecting growth in capital and reserves[7] - The company's current ratio improved to 3.3 from 2.6 in the previous year, reflecting reduced bank borrowings and increased cash reserves[75] - As of April 30, 2022, the company's debt-to-equity ratio was 13.3%, down from 28.2% the previous year, due to decreased bank borrowings and completed placements[75] Employee and Operational Costs - Total employee costs increased to HKD 30,173,000 in 2022 from HKD 24,605,000 in 2021, reflecting a growth of approximately 22.5%[39] - As of April 30, 2022, the company employed 56 staff members, with total employee costs amounting to approximately HKD 44.7 million, an increase from HKD 29.1 million in 2021[88] - Administrative expenses increased by approximately 82.5% to about HKD 27.8 million, mainly due to higher professional fees and employee costs[68] Dividends and Shareholder Information - The company did not recommend a final dividend for the year ended April 30, 2022, compared to no dividend in 2021[1] - The company did not declare or recommend any dividends for the years ended April 30, 2021, and April 30, 2022[43] - Major shareholders include Great Season Ventures Limited and Jiang Jianhui, each holding 12.88% of the company’s issued share capital[100] Corporate Governance and Compliance - The company has complied with the corporate governance code as of April 30, 2022[91] - The Audit Committee was established on March 27, 2017, to provide independent opinions on financial reporting processes and internal controls[108] - The financial statements for the year ending April 30, 2022, have been verified by the auditor, but no assurance opinion was issued[109] Future Outlook and Strategic Initiatives - The company aims to explore strategic and financial partnerships to expand its business and enter overseas markets[52] - The company continues to seek opportunities to enhance its service capabilities despite challenges posed by the COVID-19 pandemic[52] - The company is committed to undertaking new installation and maintenance projects in fire safety systems[52]
鸿盛昌资源(01850) - 2022 Q4 - 年度业绩