Financial Performance - Total revenue for the fiscal year ended March 31, 2021, was HKD 60,625,000, representing a 21.5% increase from HKD 49,762,000 in the previous year[8] - Gross profit for the same period was HKD 18,396,000, up from HKD 12,849,000, indicating a gross margin improvement[8] - The net loss attributable to the owners of the company for the fiscal year was HKD 7,338,000, compared to a loss of HKD 11,230,000 in the previous year, showing an improvement[8] - Operating loss for the fiscal year was HKD 7,281,000, compared to a loss of HKD 11,085,000 in the previous year, indicating a reduction in operational losses[8] - The company's total revenue for the fiscal year was approximately HKD 60.6 million, an increase of about 21.7% compared to HKD 49.8 million in the previous year[20] - The gross profit rose by approximately 43.8% to about HKD 18.4 million, with a gross margin of approximately 30.4%, up from 25.9% in the previous year[23] - The company's net loss attributable to shareholders decreased from approximately HKD 11.2 million to about HKD 7.3 million, a reduction of approximately 34.8%[27] Assets and Liabilities - The total assets as of March 31, 2021, were HKD 40,875,000, a decrease from HKD 45,310,000 in the previous year[9] - Total liabilities increased to HKD 8,639,000 from HKD 5,698,000, reflecting a 51.5% rise[9] - As of March 31, 2021, the total assets of the group were approximately HKD 40.9 million, down from HKD 45.3 million in 2020, while net assets were approximately HKD 32.2 million, down from HKD 39.6 million in 2020[30] - The company's cash and bank balance decreased to approximately HKD 15.4 million from HKD 31.2 million in the previous year[28] - The capital debt ratio improved to approximately 4.3%, down from 5.2% in the previous year[28] Expenses and Cost Management - The company reported a decrease in administrative and other operating expenses to HKD 13,323,000 from HKD 15,783,000, a reduction of 15.6%[8] - Advertising and promotional expenses surged by approximately 95.8% to about HKD 2.7 million, reflecting the company's focus on brand promotion[18] - The total employee benefit expenses, including remuneration for executive directors, amounted to approximately HKD 9.0 million for the year, compared to approximately HKD 8.5 million in 2020[33] Strategic Plans and Market Focus - The company plans to focus on market expansion and new product development in the upcoming fiscal year[10] - The company plans to continue developing its own brand and enhancing product quality to improve competitiveness in the future[19] - Market expansion plans include entering new geographical regions, with a target to increase market share by EE% over the next two years[10] - New product launches are expected to contribute significantly to revenue, with an estimated impact of $CC million in the upcoming quarter[10] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified that could add $FF million in annual revenue[10] Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, ensuring no misleading information was presented[1] - The company has adopted a robust corporate governance framework to ensure accountability and transparency, aligning with GEM listing rules[10] - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[67] - All independent non-executive directors have confirmed their independence according to GEM Listing Rules, contributing diverse operational and financial expertise[70] - The company has established a remuneration committee to review the compensation policies for directors and senior management based on operational performance and market standards[162] Risk Management - The company continues to operate in a high-risk investment environment, particularly within the GEM market segment[1] - The company has taken measures to ensure effective risk management and internal controls, with no significant risks identified during the annual review[110] - The company has not identified any major control deficiencies or significant weaknesses in its internal control system[110] Shareholder Information - The board does not recommend the payment of a final dividend for the year, consistent with no dividends declared in 2020[43] - The company has adopted a dividend policy that allows for the declaration and payment of dividends, provided that profitability is maintained and it does not affect normal business operations[84] - The board plans to balance sufficient funds for business development and shareholder returns when considering dividend payments[85] Share Option Plan - The stock option plan was adopted on September 22, 2017, to reward eligible participants for their contributions to the company[163] - The maximum number of shares available for subscription under the share option plan is capped at 10% of the total issued shares after the completion of the share offering, which amounts to 100,000,000 shares[169] - The exercise price for any specific share options granted under the share option plan must be determined by the board but cannot be lower than the highest of the closing prices of the shares on the stock exchange during the five trading days prior to the grant date[173] - The company must ensure that the total number of shares issued under all share option plans does not exceed 30% of the total issued shares at any time[169] Customer and Supplier Concentration - The largest supplier accounted for 46.3% of the group's procurement, while the top five suppliers collectively represented 89.6%[200] - The largest customer contributed 23.2% to the group's sales, with the top five customers totaling 63.4%[200]
舍图控股(08392) - 2021 - 年度财报