Financial Performance - The company reported a revenue increase of approximately 98.9% to HKD 724.6 million for the fiscal year ending December 31, 2021, compared to HKD 364.3 million in the previous fiscal year[12]. - The gross profit for the fiscal year was approximately HKD 37.3 million, up about 101.2% from HKD 18.5 million in the previous fiscal year[12]. - The net loss for the fiscal year was approximately HKD 136.0 million, compared to a net loss of HKD 95.8 million in the previous fiscal year[12]. - The toy division's revenue increased by approximately 98.9% to HKD 724.6 million, with a pre-tax segment loss of approximately HKD 69.1 million[14]. - The company reported a loss before tax of HKD 129,873,000 for 2021, compared to a loss of HKD 102,120,000 in 2020, reflecting ongoing financial challenges[189]. - Total comprehensive loss for the year was HKD 136,843,000, compared to HKD 82,378,000 in 2020, highlighting an increase in overall losses[192]. - The company reported a basic and diluted loss per share of HKD 3.71 for 2021, compared to HKD 2.62 in 2020, reflecting worsening per-share performance[189]. - The company recorded a net cash outflow from operating activities of HKD 15,164,000 in 2021, an improvement from HKD 49,595,000 in 2020[200]. Current Financial Position - As of December 31, 2021, the company's net current liabilities were approximately HKD 232.4 million, an increase from HKD 200.2 million in 2020[20]. - The company reported a capital deficit of approximately HKD 98.9 million as of December 31, 2021, compared to equity of HKD 37.9 million as of December 31, 2020, primarily due to operating losses during the year[20]. - The company's debt-to-equity ratio was approximately 123% as of December 31, 2021, up from 90% in 2020[20]. - The company held cash and cash equivalents of approximately HKD 66.6 million as of December 31, 2021, compared to HKD 56.1 million in 2020[20]. - The group’s assets, including property, plant, and equipment, had a carrying value of HKD 106,673,000, with right-of-use assets valued at HKD 14,190,000 and investment properties at HKD 44,276,000[182]. - The group had bank balances and cash of approximately HKD 66,634,000 and pledged bank deposits of HKD 1,190,000, while borrowings and notes payable amounted to HKD 263,567,000 and HKD 3,967,000 respectively[179]. Operational Measures - The company adopted cost-cutting measures to reduce operating costs and improve financial conditions for future challenges[9]. - The company has secured loan extensions and sold a subsidiary for HKD 15 million to support ongoing operations[20]. - The company remains cautiously optimistic about future prospects, driven by the continued strong performance of the toy division[10]. - The board is exploring new business opportunities while maintaining lower management costs[10]. Environmental and Social Responsibility - The board emphasizes the importance of environmental, social, and governance (ESG) management to improve corporate image and compliance with regulations[24]. - The company continues to implement COVID-19 preventive measures to ensure employee health and operational resilience[25]. - The total greenhouse gas emissions for the year 2021 amounted to 7,992 tons of CO2 equivalent, an increase of 25.9% from 6,345 tons in 2020[44]. - The company has established an environmental management committee to oversee environmental performance and compliance with ISO 14001 standards[42]. - The company is committed to reducing environmental risks and impacts through careful assessment and monitoring[42]. - The company has established a long-term reduction pathway for greenhouse gas emissions, focusing on energy-saving measures[43]. - The company has received recognition as a "Clean Production Superior Partner" in the manufacturing sector, affirming its commitment to clean production technologies[62]. Employee and Workplace Safety - The total workforce as of December 31, 2021, is 2,071 employees, with a turnover rate of 31% during the reporting period[70]. - The average training hours per employee during the reporting period is 25 hours, with 99% of employees participating in various training programs[76]. - The company has achieved OHSAS 18001 certification for occupational health and safety management systems, with no work-related fatalities or injuries reported in the past three years[73]. - The company has established a health and safety committee to oversee performance and identify potential risks in the workplace[72]. Governance and Compliance - The company confirmed its responsibility for preparing financial statements that fairly reflect the group's financial position, adhering to applicable accounting standards[164]. - The company has established an internal control system to safeguard assets and ensure reliable financial reporting, with an independent professional firm reviewing the internal control processes for the year ended December 31, 2021[167]. - The company has maintained compliance with laws and regulations, ensuring adherence to import regulations in key markets including the US, EU, Japan, and China[141]. - The company has maintained compliance with all applicable corporate governance codes as per the listing rules during the fiscal year ending December 31, 2021[147]. Community Engagement - The group sponsored cash of RMB 10,000 and food groceries to individuals facing financial difficulties[98]. - The group provided 320 hours of physical support through community service during the reporting period[98]. - The company focuses on the needs of the labor class as part of its social responsibility initiatives[98].
瀛晟科学(00209) - 2021 - 年度财报