Business Challenges and Responses - The group faced significant challenges in 2021 due to the COVID-19 pandemic, impacting the global economy and leading to cost pressures and order backlogs in the robotics business[15]. - The company has implemented multiple preventive measures in accordance with national and local COVID-19 regulations to mitigate the impact of the pandemic[15]. - Communication costs have increased significantly when engaging with overseas clients, particularly in expanding business with customers in Hong Kong and Southeast Asia[16]. - The robotics business has been affected by supply chain tensions and prolonged material cycles, leading to increased operational challenges[15]. - The company remains cautiously optimistic about China's economic recovery, despite ongoing sporadic COVID-19 cases affecting business development in certain regions[15]. Business Focus and Development - In 2021, the company divested its beauty products and services business to focus on intelligent equipment and engineering as its main business[16]. - The company continued to develop and sell a range of intelligent robots and automation systems, including service robots, patrol robots, and delivery robots, aimed at various sectors such as airports and smart communities[16]. - The R&D center, industrial base, and sales center established in Shenzhen will promote the popularization and promotion of robotics products under independent intellectual property rights[16]. - The group is committed to driving innovation in robotics technology and expanding its market presence through strategic initiatives[16]. - The company aims to leverage artificial intelligence to enhance the value of its intelligent applications and solutions for users[16]. Financial Performance - The group's revenue for the year was approximately HKD 18,500,000, a decrease of about 18.9% compared to HKD 22,800,000 in the previous year[26]. - Gross profit for the year was approximately HKD 5,300,000, with a gross margin of about 28.9%, down from a gross margin of 65.6% in the previous year[26]. - Other income for the year was approximately HKD 17,500,000, significantly higher than HKD 2,900,000 in the previous year, mainly due to a waiver of director remuneration of about HKD 14,200,000[26]. - The group’s engineering business revenue decreased by 18.9%, contributing approximately HKD 18,500,000 to total revenue[25]. - The group’s administrative expenses were approximately HKD 41,400,000, down from HKD 75,300,000 in the previous year, primarily due to reduced employee-related expenses[28]. Market Outlook and Growth - The outlook for 2022 anticipates a 15%-20% annual sales growth rate in the Chinese robotics market, driven by increased demand in various industries[47]. - The Chinese robot industry is expected to achieve an average annual growth rate of over 20% in operating revenue during the 14th Five-Year Plan period[49]. - The market size of China's intelligent robot industry is projected to reach RMB 83.9 billion in 2021, with the industrial robot market expected to reach RMB 44.57 billion, and to exceed RMB 58.9 billion by 2023[51]. - The investment and financing in the intelligent robot industry have surpassed USD 100 billion over the past decade, indicating strong capital interest in the sector[50]. - The anticipated additional growth contribution of the artificial intelligence market to global GDP is 14%, equivalent to USD 1.57 trillion[50]. Corporate Governance and Compliance - The company operates under various legal and regulatory frameworks in Hong Kong, China, and Canada, ensuring compliance with applicable laws[65]. - The company has established internal monitoring and approval processes to ensure compliance with regulations across different jurisdictions[65]. - The company is committed to compliance with applicable laws and regulations in China, which is crucial for expanding into the robotics product sector[73]. - The company has taken sufficient measures to ensure that its corporate governance practices are rigorous and not less than those set out in the corporate governance code[160]. - The company has adopted its own code of conduct for securities trading applicable to all directors and relevant employees[149]. Risk Management and Sustainability - The group has established risk management procedures integrated into daily operations, considering both internal and external factors[68]. - The company is committed to environmentally sustainable business practices, ensuring no significant environmental impact from its operations[64]. - The company has a dedicated environmental policy aimed at sustainable development[64]. - The company emphasizes the importance of effective risk management and internal controls to mitigate risks and protect shareholder investments[190]. - The company has implemented measures to ensure compliance with GEM listing rules and has taken steps to address any non-compliance issues[182]. Shareholder and Stakeholder Relations - The company maintains effective communication with shareholders, particularly through the Annual General Meeting and other shareholder meetings[200]. - The company is committed to continuous dialogue with shareholders to enhance investor relations[200]. - The company has established appropriate liability insurance arrangements for directors against legal actions arising from corporate activities[95]. - The company has a strong management team with extensive experience in finance and investment, enhancing its operational capabilities[57][60]. - The company has a diverse board of directors with expertise in various fields, contributing to effective governance[59][60].
超人智能(08176) - 2021 - 年度财报