2022-08-09-港交所-WAC_HOLDINGS_年报_2021_159页_1mb

报告摘要

Summary of WAC Holdings Limited Annual Report 2021

Company Profile

Company incorporated in Cayman Islands, listed on GEM (Hong Kong Stock Exchange) under stock code 8619. Chairman is Mr. Eric Chau, focusing on architectural engineering consultancy services (structures, geotechnical, civil, materials engineering) primarily in Hong Kong and Macau. Announce improving governance structure, included independence assessments for board members, and new policies on diversity and continuous development.

Annual Performance

Revenue: Grew by 31.3% to HKD 77.3 million, driven by new building property structural/geotechnical services (+69.7m) and e-commerce platform consultancy (+7.6m).
Net Profit: Turned to HKD 6.3 million from a net loss of HKD 7 million in 2020, due to increased revenue, government subsidies (HKD 5 million from Hong Kong government's "Operation Stay Jobs"), reduced legal expenses, and share-based payment adjustments.
Key Personnel: Mr. Tonyo Suen resigned in March 2021; major clients include infrastructure construction companies; new focus on building information modeling (BIM) and structural engineering.

Financial Summary

Working Capital: Current ratio decreased from 7.1 to 5.2 due to increased liabilities.
Capital Structure: No debt outstanding as of March 31, 2021. Sufficient working capital maintained through internal cash flow.
Dividend Policy: No dividend declared for the year ended March 31, 2021.

Environmental, Social and Governance (ESG)

The report details ESG commitments including emission reduction targets (CO₂ emissions down 8%), waste management (general waste down 40%), community engagement, and human rights compliance. Discloses key policies for environmental protection and responsible operations, aligned with GEM Listing Rules for ESG reporting.

Directors' Report

Board members oversaw the company's performance, identifying risks such as project execution uncertainties and trade receivables. Governance includes committees on Audit, Remuneration, and Nomination. Operational risk management focuses on environmental, social, and professional challenges.