Revenue Performance - The total revenue for the fiscal year ending March 31, 2021, was approximately HKD 908.8 million, a decrease of about HKD 84.5 million or 8.5% compared to HKD 993.3 million for the previous year[9]. - Revenue from substructure construction services was approximately HKD 24.8 million, down 19.9% from HKD 30.9 million in the previous year, primarily due to reduced project confirmations[17][18]. - Revenue from superstructure construction services increased by approximately HKD 91.1 million to HKD 749.8 million, representing a growth of 13.8% compared to HKD 658.7 million in the previous year[17][19]. - Revenue from RMAA services decreased significantly by approximately HKD 169.5 million to HKD 134.2 million, a decline of 55.8% from HKD 303.7 million in the previous year[17][20]. - The decline in overall revenue was primarily attributed to decreases in RMAA and substructure construction services, offset by growth in superstructure services[23]. Profitability and Earnings - Basic earnings per share for the fiscal year were HKD 1.14, down from HKD 1.20 in the previous year[9]. - Gross profit decreased by approximately HKD 19.4 million or 24.0% to about HKD 61.3 million, with a gross margin of 6.7%, down from 8.1% in the previous year[24]. - Profit attributable to owners decreased by approximately HKD 0.7 million or 5.7% to about HKD 11.5 million, influenced by the decrease in gross profit and the increase in other income[31]. Financial Position - Total assets as of March 31, 2021, were approximately HKD 423.9 million, with total liabilities of about HKD 298.0 million and equity of HKD 125.9 million[32]. - The debt-to-equity ratio improved to approximately 74.1% from 130.8% in the previous year[33]. Operational Efficiency - Administrative and other operating expenses decreased by approximately HKD 5.6 million or 9.4% to about HKD 53.7 million, mainly due to reductions in consultancy fees and entertainment expenses[26]. - Financing costs decreased by approximately HKD 4.3 million or 46.2% to about HKD 5.0 million, attributed to a reduction in average bank borrowings[27]. - Income tax decreased by approximately HKD 1.1 million or 45.8% to about HKD 1.3 million[28]. Strategic Outlook - The company remains confident in the prospects of the Hong Kong construction market despite anticipated economic pressures due to the COVID-19 pandemic[10]. - The company plans to continue focusing on its core business as a general contractor and explore new opportunities and potential acquisitions to enhance shareholder value[10][11]. - The company aims to leverage its comprehensive skills and experience in the construction industry to explore property development opportunities in the future[11]. - The company acknowledges the ongoing challenges posed by the COVID-19 pandemic but remains committed to its strategic objectives[8]. Human Resources and Employee Welfare - Employee costs for the year amounted to approximately HKD 70.4 million, down from HKD 82.8 million in the previous year, with a total of 120 employees as of March 31, 2021[45]. - The total number of employees as of March 31, 2021, is 120, down from 146 in the previous fiscal year[188]. - The employee turnover rate is approximately 3.2% for the reporting year, an increase from 1.8% in the previous fiscal year[192]. - The company reported 14 work-related injury cases during the reporting year, with a total of 653 hours of absenteeism[196]. - There were no fatal incidents reported during the year, and all injured employees received adequate compensation[196]. - The company maintains a health and safety policy aimed at reducing reportable accidents to less than 0.45 per 100,000 working hours[193]. - The gender ratio among employees is approximately 70% male and 30% female[190]. - Employees are provided with 7 to 14 days of annual leave based on their positions[189]. - The company conducts regular safety training and emergency drills to ensure a safe working environment[197]. Environmental Impact - Total atmospheric pollutant emissions decreased by approximately 11.4% to 197.92 kg compared to the previous fiscal year, with an average of 12.37 kg per facility[153]. - Greenhouse gas emissions increased by approximately 7.9% to 1,082.30 tons, with a density of 67.64 tons per facility, while direct emissions from fixed combustion sources decreased by about 22.6%[159]. - The total amount of non-hazardous waste disposed of increased by approximately 68.5% to 32,937 tons, with a density of 2,058.54 tons per facility[166]. - The company has implemented environmental policies to reduce atmospheric pollutant emissions, ensuring regular maintenance of all machinery and vehicles[153]. - The company has adopted the ISO 14001:2015 environmental management system since 2009 to enhance its ability to identify and manage environmental impacts[151]. - The company is committed to becoming a resource-saving and environmentally friendly enterprise, actively reducing resource usage and emissions[172]. - The company plans to continue promoting greenhouse gas reduction and efficient use of natural resources in the coming years[182]. Corporate Governance - The board of directors has emphasized the importance of corporate governance, ensuring compliance with all relevant regulations and standards[101]. - The board held a total of 4 meetings and 1 annual general meeting during the year[112]. - The audit committee, consisting of three independent non-executive directors, reviewed the consolidated financial statements for the year ending March 31, 2021, confirming compliance with applicable accounting standards[118]. - The company has adopted a board diversity policy, considering various factors such as gender, age, and industry experience in selecting board members[124]. - The company emphasizes continuous professional development for directors, encouraging attendance at relevant seminars[113]. - The chairman and CEO roles are held by the same individual, which the board believes enhances stability and effective decision-making during the company's rapid development[115]. - The company provides sufficient resources for all board committees to fulfill their duties and seek independent professional advice when necessary[117]. - The board of directors confirmed their responsibility for preparing the consolidated financial statements for the year ended March 31, 2021, ensuring a true and fair view of the group's affairs and performance[130].
正利控股(03728) - 2021 - 年度财报