2022-06-28-港交所-佰悦集团_2022年报_154页_3mb

Amuse Group Holding Limited 2022 Annual Report

Board Summary

The Board presents the annual report for the year ended March 31, 2022.

Business Review

The pandemic severely impacted global supply chains and production capabilities in our core business of toy manufacturing and distribution. While China's domestic demand for localized brand products increased, international distribution faced supply and logistics challenges due to extended lockdowns. The RMB depreciation also affected payment capabilities. The Group temporarily reduced orders and is gradually resuming operations to ensure rational resumption schedules. Following the acquisition of DongYiQuan shares, the company is exploring new investments in healthcare technology to enhance profitability.

Financial Overview

• Revenue increased by approximately HK$5,477,000 (2.4% YoY) to HK$216,485,000.
• Gross profit decreased by HK$3,056,000 (8.1% YoY) to HK$34,873,000 (margin: 16.1% YoY).
• Profit attributable to equity holders was HK$1,481,000 (a 82.5% YoY decrease).

Key Financial Data

Director Highlights

• Key Executives: Chairman and CEO Mr. Li Wai Keung, CFO/Company Secretary Mr. To Hoi Pan, COO Ms. Lee Kwai Fong.
• Independent Directors: Mr. Yu Pui Hang, Ms. Chow Chi Ling Janice, Ms. Ren Hongyan, Ms. Kwok Wai Ling.
• No significant changes in board structure in 2022.

Risk Management

• Foreign currency risk is managed through frequent monitoring and hedging policies.
• Financial stability remains strong: gearing at 0.02x (unchanged from 2021).
• No material defaults or impairments during the year.

Notes

• Legal compliance and corporate governance practices remain fully aligned with listing requirements.
• Significant transactions post-year-end: Acquisition of DongYiQuan shares (completed Apr 2022).

Summary compiled from the 2022 Annual Report. Financial data represents all figures in thousands of Hong Kong Dollars.