Financial Performance - The company reported a significant increase in revenue, achieving a total of 1 billion HKD for the fiscal year 2023/24, representing a growth of 15% compared to the previous year[16]. - The company's revenue decreased from approximately HKD 1,326,000,000 in the previous fiscal year to HKD 937,000,000 in the current fiscal year, reflecting a significant decline[26]. - Profit attributable to the company's owners fell by about 31% from HKD 256,000,000 to HKD 177,000,000[26]. - The group's consolidated revenue for the year ended March 31, 2024, was approximately HKD 937 million, a decrease of 29% from HKD 1,330 million in the previous year[31]. - Profit attributable to the company was approximately HKD 177 million, down from HKD 615 million, a decrease of HKD 438 million[31]. - The company reported a total comprehensive income of HKD 39,561,000, down 91.7% from HKD 478,957,000[148]. - The company experienced a decrease in profit before tax, reporting HKD 199,473,000 compared to HKD 737,030,000 in the prior year[157]. User Growth and Market Expansion - User data indicates a rise in active users, with a 20% increase year-over-year, reaching 500,000 active users by the end of the fiscal year[19]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in sales from this region over the next two years[22]. - A strategic acquisition of a local competitor is expected to be finalized by Q3 2024, which is anticipated to enhance market share by 15%[21]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 1.1 billion HKD, driven by new product launches and market expansion[20]. Investment and Development - Investment in new product development has increased by 25%, with a focus on enhancing the capabilities of LCD and CTP technologies[21]. - Research and development expenditure has been increased to 100 million HKD, focusing on innovative technologies in display solutions[19]. - The company plans to focus on new product development in industrial and medical applications, aiming to increase product value and customer wallet share[26]. - The company aims to enhance its investor relations efforts, with plans to host quarterly updates and increase transparency in financial reporting[22]. Financial Position and Liquidity - The current liquidity ratio is 1.6, down from 2.3 in the previous year, indicating a tighter liquidity position[47]. - Total assets as of March 31, 2024, are approximately HKD 2,907,000,000, with liabilities of HKD 406,000,000 and total equity of HKD 2,501,000,000[47]. - Cash and cash equivalents decreased from HKD 300,313 thousand in 2023 to HKD 152,867 thousand in 2024, a decrease of approximately 49.1%[149]. - The company has maintained sufficient cash reserves to meet operational needs and future growth, with no fixed dividend payout ratio established[88]. Shareholder and Governance Matters - The board has proposed a final dividend of HKD 0.05 per share for the year ending March 31, 2024, consistent with the previous year's final and special dividends[52]. - The company intends to repurchase up to 96,011,400 shares, representing 10% of the total shares issued as of the 2023 annual general meeting date, to enhance shareholder value[55]. - The board emphasizes the importance of corporate governance and has adopted measures to maintain high standards, complying with the relevant codes[57]. - The company has established a remuneration committee to formulate remuneration policies, which require shareholder approval at the annual general meeting[115]. Risk Management and Compliance - The company faces risks from geopolitical tensions, high interest rates, and labor shortages, which may impact its operational costs and profitability[41]. - The company has established a risk management policy aimed at managing risks rather than eliminating them, with a focus on identifying and mitigating significant operational risks[84]. - The company has implemented measures to ensure compliance with insider trading regulations, including raising awareness of confidentiality and issuing trading restrictions for directors and employees[86]. Audit and Internal Control - The audit committee is responsible for reviewing interim and annual financial statements before submission to the board[81]. - The company has appointed an independent internal control consultant to conduct regular internal audits, focusing on the effectiveness of major internal controls[84]. - The board reviewed the effectiveness of the internal control and risk management systems during the year and deemed them robust enough to protect the interests of shareholders, customers, and employees[86]. Share Repurchase and Incentive Plans - The company repurchased a total of 28,306,000 shares at a total cost of HKD 83,812,580 during the fiscal year ending March 31, 2024[129]. - The share incentive plan allows for a maximum of 101,115,517 shares to be granted, representing 10% of the issued shares as of October 24, 2012[123]. - The plan aims to retain and attract qualified personnel to support the company's ongoing operations and long-term business goals[123]. Financial Reporting and Standards - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards, reflecting a true and fair view of the group's financial position as of March 31, 2024[138]. - The group has applied the revised Hong Kong Financial Reporting Standards for the first time this year, which clarifies the significance of accounting policy disclosures[168]. - The consolidated financial statements are prepared based on the going concern basis, indicating the group has sufficient resources to continue operations[172].

Financial Performance - Revenue for the year ended March 31, 2024, was HKD 936,607,000, a decrease of 29.3% from HKD 1,325,806,000 in 2023[2] - Gross profit for the year was HKD 143,911,000, down 35.6% from HKD 223,292,000 in the previous year[2] - The net profit for the year was HKD 186,777,000, representing a decline of 71.7% compared to HKD 661,244,000 in 2023[2] - Basic earnings per share decreased to HKD 18.7 from HKD 63.6, a drop of 70.7%[3] - Total comprehensive income for the year was HKD 39,561,000, down 91.7% from HKD 478,957,000 in the previous year[3] - The company reported a pre-tax profit of HKD 199,473,000 in 2024, significantly lower than HKD 737,030,000 in 2023, indicating a decrease of about 72.9%[12] - The profit attributable to the company's owners was approximately HKD 177 million, down from HKD 615 million, representing a decrease of HKD 438 million[25] Assets and Liabilities - Non-current assets decreased to HKD 708,562,000 from HKD 2,333,655,000, a decline of 69.7%[4] - Current assets decreased to HKD 490,013,000 from HKD 780,415,000, a reduction of 37.1%[4] - Total liabilities decreased to HKD 382,984,000 from HKD 336,939,000, an increase of 13.7%[4] - Non-current assets in mainland China decreased to HKD 680,119,000 in 2024 from HKD 2,288,875,000 in 2023, a significant decline of about 70.3%[14] - Total assets amount to approximately HKD 2,907,000,000, with liabilities of HKD 406,000,000 and total equity of HKD 2,501,000,000[38] Revenue Segmentation - Revenue from the display segment decreased to HKD 936,607,000 in 2024 from HKD 1,325,806,000 in 2023, representing a decline of approximately 29.4%[12] - Segment profit for the display segment fell to HKD 54,956,000 in 2024, down from HKD 88,079,000 in 2023, a decrease of about 37.5%[12] - Total income from external customers in mainland China decreased to HKD 173,244,000 in 2024 from HKD 236,235,000 in 2023, a decline of approximately 26.7%[14] - Sales revenue from LCD, LCM, TFT, and CTP decreased by 23%, 33%, 40%, and 18% respectively, contributing HKD 138.3 million, HKD 368 million, HKD 167.3 million, and HKD 263 million to total revenue[25] Expenses and Income - Other income was approximately HKD 23.7 million, a decrease of HKD 8.2 million compared to HKD 31.9 million in the previous year[26] - Selling and distribution expenses were approximately HKD 78.2 million, a decrease from HKD 98 million, primarily due to reduced promotional and transportation costs[27] - Administrative expenses were approximately HKD 36.2 million, down from HKD 39.4 million, mainly due to lower employee-related costs[27] - Interest income decreased to HKD 14,340,000 in 2024 from HKD 22,213,000 in 2023, a decline of about 35.6%[12] Dividends and Shareholder Returns - The company declared a dividend of HKD 0.10 per share for the year ended March 31, 2024, down from HKD 0.25 per share in 2023, totaling HKD 96,011,000 compared to HKD 245,515,000 in the previous year[17] - The board has proposed a final dividend of HKD 0.05 per share for the year ending March 31, 2024, consistent with the previous year[41] - The company repurchased a total of 28,306,000 shares during the year[43] - The highest share repurchase price was HKD 3.50, while the lowest was HKD 2.75[44] Strategic Focus and Market Conditions - The company plans to continue focusing on the manufacturing and sales of display products, including LCDs and touch panel modules[6] - The group is focusing on expanding market share in PMOLED, electronic paper modules, and silicon-based OLEDs, particularly in emerging markets like AR and VR[30] - The group faces risks from geopolitical tensions, high interest rates, and competition in the display market, which may impact profitability[33] - The group maintains a cautious optimism regarding potential business growth despite external challenges, focusing on strengthening its position in engineering machinery, medical equipment, and charging stations[37] Audit and Compliance - Deloitte Touche Tohmatsu has verified the preliminary financial figures for the year ending March 31, 2024, against the audited consolidated financial statements approved by the board on June 28, 2024[47] - The company did not adopt the newly issued but not yet effective revised Hong Kong Financial Reporting Standards, expecting no significant impact on consolidated financial statements in the foreseeable future[10] Environmental and Social Responsibility - The group emphasizes environmental sustainability and has implemented measures to reduce its environmental footprint, including upgrading manufacturing facilities[34]

Financial Performance - The group's revenue decreased by approximately 30% to HKD 515,000,000 for the six months ended September 30, 2023, compared to HKD 735,000,000 in the same period last year[4]. - Profit attributable to the company's owners fell by about 25% to HKD 113,000,000, down from HKD 150,000,000 in the previous year[2]. - Suzhou Qingyue's revenue decreased from approximately RMB 570,000,000 to about RMB 300,000,000, resulting in a loss of HKD 17,000,000 for the group[3]. - The gross profit margin declined from 16.5% to approximately 15.1% due to decreased production facility utilization[4]. - The group's share of losses from Suzhou Qingyue, an associate company engaged in OLED and electronic paper module sales, was approximately HKD 17 million, compared to a profit of HKD 13 million in the first half of 2022[8]. - Revenue for the six months ended September 30, 2023, was HKD 514,760,000, a decrease of 30% compared to HKD 734,965,000 for the same period in 2022[39]. - Gross profit for the same period was HKD 77,537,000, down from HKD 121,538,000, reflecting a gross margin decline[39]. - Profit before tax decreased to HKD 129,523,000 from HKD 354,018,000, representing a decline of approximately 63%[39]. - Net profit for the period was HKD 119,654,000, compared to HKD 311,808,000 in the previous year, indicating a significant drop of about 62%[40]. - Basic earnings per share decreased to HKD 9 from HKD 30.6, reflecting a decline of approximately 70%[41]. Investments and Strategic Initiatives - The group invested RMB 100,000,000 in a private company specializing in GPU chip design, marking a significant step in corporate transformation[3]. - The group is focusing on developing new industrial and pharmaceutical applications, expanding its product range from small to medium and large display modules[10]. - The company plans to expand its market presence and is focusing on new product development[20]. - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings, although no specific targets were mentioned[49]. - The company has allocated 1,071 million for research and development expenses, emphasizing its commitment to innovation and technology advancement[49]. Financial Position and Ratios - The group's current ratio as of September 30, 2023, was 1.7, down from 2.3 as of March 31, 2023[11]. - Total assets as of September 30, 2023, were approximately HKD 2,937 million, with liabilities of HKD 489 million and total equity of HKD 2,448 million[11]. - Total assets decreased to HKD 2,447,575,000 from HKD 2,658,857,000, a reduction of about 8%[44]. - Current assets net value dropped to HKD 259,803,000 from HKD 443,476,000, indicating a decline of approximately 41%[42]. - The group’s trade payables as of September 30, 2023, totaled HKD 107,298,000, a decrease from HKD 153,475,000 as of March 31, 2023, reflecting a reduction of approximately 30%[75]. Shareholder Information - The board has decided not to recommend an interim dividend for the six months ending September 30, 2023[25]. - As of September 30, 2023, Antrix Investment Limited holds 570,000,000 shares, representing 59.37% of the company's issued share capital[30]. - The company repurchased a total of 15,112,000 shares during the period from April 1, 2023, to September 30, 2023, at a total cost of 43,961,900 HKD[34]. - The company’s total shares held by directors and key executives amounted to 111,614,000, representing 11.62% of the issued share capital[26]. - The company reported a total of 9,292,800 shares outstanding as of September 30, 2023[20]. Operational Efficiency and Cost Management - Sales and distribution expenses decreased to approximately HKD 42,000,000 from HKD 47,000,000 in the previous year[6]. - Administrative expenses reduced to approximately HKD 14,000,000 from HKD 21,000,000, primarily due to lower legal and professional fees[6]. - The company has implemented new strategies to improve operational efficiency[20]. - The management emphasized the importance of adapting to market trends and consumer demands[20]. Compliance and Governance - The company has confirmed compliance with the corporate governance code as of September 30, 2023[31]. - The company’s executives have confirmed adherence to the securities trading standard code during the reporting period[32]. - The company did not grant any shares to directors other than two executive directors during the reporting period[24]. Future Outlook - The company plans to continue operating on a going concern basis, expecting sufficient resources for the foreseeable future[53]. - Future guidance indicates a focus on increasing user engagement and market share[20]. - The company has set a performance guidance for the next quarter, projecting a revenue growth of 15% to 20% based on current market trends[49].

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 514,760,000, a decrease of 29.97% from HKD 734,965,000 in the same period of 2022[2] - Gross profit for the same period was HKD 77,537,000, down 36.24% from HKD 121,538,000 year-on-year[2] - Profit attributable to owners of the company was HKD 113,363,000, a decline of 61.93% compared to HKD 297,869,000 in the previous year[2] - Basic earnings per share decreased to HKD 11.9 from HKD 30.6, representing a drop of 61.22%[2] - Total comprehensive income for the period was HKD (53,340,000), compared to HKD 55,027,000 in the previous year[5] - The company reported a profit before tax of HKD 129,523,000, a decline of 63.5% from HKD 354,018,000 in the same period last year[14] - Total tax expenses for the six months ended September 30, 2023, were HKD 9,869,000, a significant decrease from HKD 42,210,000 in 2022[19] - Profit attributable to the company's owners for the same period was HKD 113 million, a decrease of approximately HKD 185 million from HKD 298 million in the previous year[28] Revenue Breakdown - Revenue from display products for the six months ended September 30, 2023, was HKD 514,760,000, a decrease of 30% compared to HKD 734,965,000 in 2022[14] - Revenue from LCDs was HKD 74,741,000, down 30.6% from HKD 107,639,000 in 2022[15] - Revenue from LCMs decreased by 26.8% to HKD 216,976,000 from HKD 296,693,000[15] - Revenue from TFTs dropped by 57.8% to HKD 92,699,000 compared to HKD 219,679,000 in the previous year[15] - Revenue from CTPs increased by 17.4% to HKD 130,344,000 from HKD 110,954,000[15] - The company's consolidated revenue for the six months ended September 30, 2023, decreased by approximately 30% to HKD 515 million, compared to HKD 735 million in the same period last year[28] - Revenue from LCD sales decreased from HKD 108 million in the previous year to HKD 75 million in the current period[28] - Revenue from LCM sales decreased from HKD 297 million to HKD 217 million year-on-year[28] - Revenue from TFT sales dropped significantly from HKD 220 million to HKD 93 million[28] - Revenue from CTP sales increased from HKD 111 million to HKD 130 million[28] Assets and Liabilities - Non-current assets as of September 30, 2023, amounted to HKD 2,300,988,000, a slight decrease from HKD 2,333,655,000 as of March 31, 2023[8] - Current assets decreased to HKD 635,903,000 from HKD 780,415,000, reflecting a reduction of 18.54%[8] - Current liabilities were HKD 376,100,000, an increase from HKD 336,939,000 as of March 31, 2023[9] - Total equity attributable to owners of the company was HKD 2,355,523,000, down from HKD 2,551,785,000[9] - As of September 30, 2023, the group's current ratio was 1.7, down from 2.3 on March 31, 2023, with a capital debt ratio of 0.2%[34] - The total assets of the group were approximately HKD 2,937,000,000, including liabilities of HKD 489,000,000 and total equity of HKD 2,448,000,000 as of September 30, 2023[34] Expenses and Income - Other income for the period was approximately HKD 14 million, down from HKD 19 million in the previous year, primarily due to reduced interest income from debt investments[28] - Sales and distribution expenses were approximately HKD 42,000,000, a decrease from HKD 47,000,000 in the first half of 2022, primarily due to reduced promotional, transportation, and employee-related costs[29] - Administrative expenses were about HKD 14,000,000, down from HKD 21,000,000 in the first half of 2022, mainly due to decreases in legal, professional fees, and employee-related costs[29] Investments and Dividends - The company declared a total dividend of HKD 96,011,000 for the period, compared to HKD 49,334,000 in the previous year[22] - The company invested RMB 100 million (approximately HKD 107.24 million) in a private company in China, holding about 1.2% equity, focusing on GPU chip design and sales[25] Governance and Compliance - The company confirmed compliance with the corporate governance code as per the Hong Kong Stock Exchange listing rules for the six months ended September 30, 2023[42] - All directors have confirmed adherence to the securities trading standards code during the six months ended September 30, 2023[43] - The Audit Committee consists of independent non-executive directors, ensuring the review of accounting principles and financial reporting matters[45] - The Audit Committee has reviewed the unaudited condensed accounts for the six months ending September 30, 2023[45] - The company is committed to transparency in its financial reporting and governance practices[45] - The board of directors includes both executive and independent non-executive members, ensuring diverse oversight[46] Share Repurchase and Awards - The company repurchased a total of 15,112,000 shares from April 3, 2023, to September 30, 2023, at a total cost of HKD 43,961,900[44] - The largest repurchase occurred in August 2023, with 5,108,000 shares bought at a total cost of HKD 15,084,480[44] - The total number of unexercised awards as of September 30, 2023, was 6,604,800 shares, indicating potential future dilution[40] - The total number of awards granted to the highest-paid individuals was 1,172,800 shares, reflecting the company's compensation strategy[40] - The company issued 650,000 new awards during the reporting period, contributing to the overall compensation structure[39] - The total number of unexercised awards for the highest-paid employees is 7,192,800, with 5,947,600 remaining unexercised[37]

Financial Performance - The company reported a significant increase in revenue for the fiscal year 2022/23, achieving a total of HKD 1 billion, representing a growth of 15% compared to the previous year[3]. - The company's revenue increased by 4.7% to HKD 1,330,000,000, while gross profit rose by 11.8% to HKD 223,300,000[14]. - Profit attributable to equity shareholders surged by 130.7% to HKD 615,100,000, demonstrating strong financial performance despite global economic challenges[14]. - The group’s consolidated revenue for the fiscal year ending March 31, 2023, was approximately HKD 1,330,000,000, an increase of 4.7% compared to HKD 1,270,000,000 in the previous fiscal year[16]. - Profit attributable to shareholders was HKD 615,100,000, a significant increase of approximately HKD 348,500,000 from HKD 266,600,000 in the previous year, primarily due to strong performance in the capacitor business and gains from the sale of shares in Nantong Jianghai[16]. - The company reported a significant gain from the sale of an associate company amounting to HKD 241,503[99]. - Net profit for the year reached HKD 661,244, a significant increase of 134% compared to HKD 282,353 in the previous year[99]. User Growth and Market Expansion - User data indicates a steady increase in active users, with a reported growth of 20% year-over-year, reaching 500,000 active users by the end of the fiscal year[3]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the region over the next two years[3]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[99]. Product Development and Innovation - New product development is underway, with plans to launch two innovative products in the next quarter, expected to contribute an additional HKD 200 million in revenue[3]. - The company has invested HKD 50 million in research and development for new technologies aimed at improving product efficiency and reducing costs[3]. - The company continues to invest heavily in R&D to expand its product portfolio and upgrade production facilities[14]. Strategic Initiatives - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's operational capabilities and increase revenue by approximately HKD 300 million annually[3]. - The company plans to implement new marketing strategies, allocating an additional HKD 30 million to digital marketing efforts to boost brand awareness and user acquisition[3]. Customer Engagement and Satisfaction - The management team emphasized the importance of enhancing customer engagement, with a goal to increase customer satisfaction scores by 15% in the upcoming year[3]. - The company is focused on enhancing customer satisfaction and operational efficiency as part of its long-term strategy[14]. Corporate Governance - The board of directors remains committed to maintaining strong corporate governance practices to ensure transparency and accountability in all operations[3]. - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the year[33]. - The board believes that its current structure ensures independence and objectivity, safeguarding the interests of shareholders[37]. Financial Position and Liquidity - The group’s current ratio as of March 31, 2023, was 2.3, up from 1.9 in the previous year, indicating improved liquidity[27]. - Cash and cash equivalents rose to HKD 300,313, up from HKD 104,334, showing improved liquidity[102]. - The company reported a decrease in inventory by HKD 82,197, contrasting with an increase of HKD 91,559 in the previous year[110]. Shareholder Returns and Dividends - The board proposed a final dividend of HKD 0.05 per share and a second special dividend of HKD 0.05 per share, in addition to a special dividend of HKD 0.20 per share paid in December 2022[16]. - The company declared dividends amounting to HKD 241,014,000, which represents a significant distribution to shareholders[108]. - The company paid dividends amounting to HKD 241,014, up from HKD 19,517 in the previous year, indicating a significant increase in shareholder returns[111]. Audit and Financial Reporting - The company is responsible for preparing true and fair consolidated financial statements according to Hong Kong Financial Reporting Standards and the Companies Ordinance[96]. - The auditor's goal is to reasonably ensure that the consolidated financial statements are free from material misstatement due to fraud or error[97]. - The audit process involves obtaining sufficient and appropriate audit evidence to form an opinion on the consolidated financial statements[98]. Risk Management and Internal Controls - The board reviewed the effectiveness of the internal control and risk management systems, deeming them robust enough to protect the interests of shareholders, customers, and employees[56]. - The company has appointed an independent internal control consultant to conduct regular internal audits, focusing on the effectiveness of major internal controls and risk management[55]. Financial Assets and Liabilities - The group recognizes lease liabilities at the present value of unpaid lease payments on the lease commencement date[140]. - Financial liabilities, including trade and other payables and bank borrowings, are measured at amortized cost using the effective interest method[194]. - The group assesses expected credit losses based on historical data and forward-looking information, with collective assessments considering overdue status and debtor characteristics[190].

Financial Performance - Total revenue for the year ended March 31, 2023, was HKD 1,325,806,000, an increase of 4.7% from HKD 1,266,641,000 in the previous year[2] - Gross profit for the same period was HKD 223,292,000, up from HKD 199,656,000, reflecting a gross margin improvement[2] - Net profit for the year was HKD 661,244,000, representing a significant increase of 134% compared to HKD 282,353,000 in the prior year[2] - The company reported a total comprehensive income of HKD 478,957,000, compared to HKD 381,575,000 in the previous year, indicating a growth of 25.5%[3] - Basic earnings per share for the year was HKD 27.3, compared to HKD 27.1 in the previous year[4] - The total profit before tax for 2023 was HKD 737,030,000, significantly up from HKD 306,388,000 in 2022, representing an increase of 140.5%[12] - Profit attributable to the company's owners for the year was HKD 615,100,000, a significant increase of approximately HKD 348,500,000 from HKD 266,600,000 in the previous year[23] Assets and Liabilities - Non-current assets decreased to HKD 2,333,655,000 from HKD 2,235,730,000, primarily due to a reduction in property, plant, and equipment[5] - Current assets increased to HKD 780,415,000 from HKD 742,482,000, driven by a rise in cash and cash equivalents[5] - Total equity increased to HKD 2,658,857,000 from HKD 2,491,964,000, reflecting a strong financial position[6] - The total non-current assets as of March 31, 2023, were HKD 2,300,777,000, compared to HKD 2,190,197,000 in 2022, reflecting an increase of 5%[14] - The total assets of the group were approximately HKD 3,114,100,000, with liabilities of HKD 455,200,000 and total equity of HKD 2,658,900,000[34] Revenue Segments - The revenue from the display segment for 2023 was HKD 1,325,806,000, an increase of 4.6% compared to HKD 1,266,641,000 in 2022[12] - The operating profit for the display segment in 2023 was HKD 88,079,000, a decrease of 10.5% from HKD 98,555,000 in 2022[12] - Revenue from external customers in mainland China for 2023 was HKD 236,235,000, down from HKD 274,759,000 in 2022, a decrease of 14%[14] - Sales of capacitive touch panels (CTP) and thin-film transistor modules (TFT) increased by 57% and 35% to HKD 320,600,000 and HKD 278,900,000, respectively[23] Expenses and Provisions - The income tax expense for 2023 was HKD 49,558,000, compared to HKD 16,589,000 in 2022, indicating a significant increase due to the sale of equity stakes[16] - Selling and distribution expenses increased to approximately HKD 98,000,000 from HKD 81,900,000, mainly due to promotional expenses and employee-related costs[25] - The company recorded a credit loss provision of HKD 56,600,000 for debt investments, compared to HKD 1,300,000 in the previous year[24] Dividends and Shareholder Returns - Total dividends proposed for the year are HKD 97,175,000, compared to HKD 49,654,000 in the previous year[18] - The company has proposed a final dividend of HKD 0.05 per share and a second special dividend of HKD 0.05 per share for the year ending March 31, 2023, pending shareholder approval[38] - The company repurchased a total of 19,155,171 shares during the year, reflecting a commitment to enhance shareholder value[40] Corporate Governance and Compliance - The board believes that corporate governance is crucial for success and has adopted measures to maintain high standards[42] - The audit committee reviewed the accounting principles and practices adopted by the group, ensuring compliance with financial reporting standards[43] - The company has not adopted the new and revised Hong Kong Financial Reporting Standards that are effective from January 1, 2023, and beyond, as they are not expected to have a significant impact on the financial statements[9] Future Outlook and Strategy - The company plans to continue expanding its product offerings in LCD and related technologies, focusing on innovation and market penetration[7] - The company expects that the application of new accounting standards will not have a significant impact on its consolidated financial statements in the foreseeable future[10] - The group is confident in long-term growth opportunities despite external challenges such as high inflation and geopolitical tensions[33] Shareholder Information - The annual performance announcement is published on the Hong Kong Stock Exchange website and the company's website[45] - The annual report will be sent to shareholders and published at an appropriate time on the Hong Kong Stock Exchange and the company's website[45] - The company will suspend share transfer registration from September 15 to September 21, 2023, to determine voting rights at the upcoming annual general meeting[39] Supplier and Procurement - The largest supplier accounted for 13% of procurement in 2023, up from 7% in 2022, while the top five suppliers represented 32% of procurement, an increase from 27%[37] - The company has no major concentration risk in sales and procurement due to the diversified nature of its customers and suppliers[37]

Financial Performance - The group's revenue increased from approximately HKD 619 million in the previous fiscal year to HKD 735 million, representing a growth of 19%[3] - Profit attributable to the company's owners rose from HKD 122 million to HKD 298 million, a significant increase of 145%[3] - The sales of liquid crystal display modules (LCM) grew by 31% year-on-year to HKD 516 million, driven by strong demand in communication, industrial control, and smart home products[7] - The gross profit increased from HKD 99 million to HKD 122 million, with the gross margin improving from 16% to approximately 17%[7] - Revenue for the six months ended September 30, 2022, was HKD 734,965,000, an increase of 18.8% compared to HKD 618,606,000 for the same period in 2021[38] - Gross profit for the same period was HKD 121,538,000, representing a gross margin of 16.5%[38] - Net profit attributable to the owners of the company was HKD 297,869,000, up 144.5% from HKD 121,718,000 in the previous year[40] - Total comprehensive income for the period was HKD 55,027,000, down 68.1% from HKD 172,055,000 in the previous year[37] Revenue and Market Growth - Nantong Jianghai's revenue rose by 23% year-on-year to RMB 2.25 billion, solidifying its position as a leading capacitor and energy storage supplier in China[3] - Suzhou Qingyue's revenue surged by 94% year-on-year to RMB 570 million, establishing its presence in the PMOLED market and expanding into electronic paper module business[5] - The group's share of profits from Nantong Jianghai increased from HKD 92 million to HKD 128 million, representing a 39.1% year-on-year growth[10] - Suzhou Qingyue's profit contribution to the group was approximately HKD 13 million, an 86% increase compared to HKD 7 million in the same period last year[13] - The company plans to enhance profitability by expanding and upgrading its module production facilities and increasing its influence in the rapidly growing capacitive touch panel market[3] Expenses and Financial Management - Administrative expenses increased by 32% to HKD 21 million, attributed to rising legal, professional fees, and employee-related costs[9] - Sales and distribution expenses rose by 23% to HKD 47 million, primarily due to increased promotional and employee-related costs[9] - The effective tax rate related to the group's business decreased to 16% from 19% in the previous year[14] - Total liabilities decreased slightly to HKD 400,339,000 from HKD 396,927,000, indicating stable financial management[43] Shareholder Information and Dividends - The board has decided to declare a special dividend of HKD 0.20 per share for the year ending March 31, 2023, to be paid on December 28, 2022[20] - The company sold 10,463,000 shares of Nantong Jianghai for RMB 210 million, realizing a post-tax gain of approximately HKD 148 million[5] - The company has issued 2,460,000 shares under its share incentive plan, with 578,000 shares already vested as of September 30, 2022[26] - The total dividend declared for the period was HKD 49,334,000, significantly higher than HKD 19,862,000 in the previous year, representing an increase of about 148.5%[73] Assets and Liabilities - Total assets as of September 30, 2022, were approximately HKD 2,947 million, with liabilities of HKD 483 million and total equity of HKD 2,464 million[16] - Non-current assets decreased to HKD 1,984,506,000 from HKD 2,235,730,000, primarily due to a reduction in property, plant, and equipment[42] - Current assets increased to HKD 962,031,000 from HKD 742,482,000, driven by higher cash and bank balances[43] - The group’s trade payables as of September 30, 2022, amounted to HKD 175,350,000, a decrease from HKD 196,551,000 as of March 31, 2022[81] Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[45] - The company aims to improve operational efficiency through strategic investments in technology and innovation[50] - Future guidance indicates a positive outlook with expected revenue growth driven by new market initiatives and product launches[50] - The company is actively exploring potential mergers and acquisitions to strengthen its market position and expand its product offerings[50] Compliance and Governance - The company has not reported any non-compliance with the corporate governance code as of September 30, 2022[30] - The audit committee consists of three independent non-executive directors and has reviewed the accounting principles and financial reporting matters[33] - The company has complied with the standards set forth in the Securities and Futures Ordinance regarding securities trading by directors[31]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1 billion in the fiscal year 2021/22, representing a growth of 15% compared to the previous year[4]. - The company's revenue increased by 42% to HKD 1,300,000,000 for the fiscal year ending March 31, 2022[16]. - Gross profit surged by 83% from approximately HKD 109,000,000 in the previous fiscal year to HKD 200,000,000[16]. - Profit attributable to shareholders rose by approximately 42% from HKD 188,000,000 to HKD 267,000,000[16]. - Basic earnings per share were reported at HKD 0.273[16]. - Revenue for the year ended March 31, 2022, was HKD 1,266,641,000, an increase of 42.1% from HKD 891,969,000 in the previous year[104]. - Net profit for the year was HKD 282,353,000, representing a 42.5% increase compared to HKD 198,010,000 in the prior year[104]. - Total comprehensive income for the year was HKD 381,575,000, slightly up from HKD 372,689,000 in the previous year[105]. Outlook and Growth Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[4]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on expanding the product line in the technology sector[4]. - Market expansion plans include entering two new international markets, aiming for a 5% market share within the first year of entry[4]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential mergers and acquisitions[4]. - The company plans to focus on high-end markets and aims to enhance new product development and upgrade production facilities[30]. Operational Efficiency - The management emphasized the importance of enhancing operational efficiency, targeting a 3% reduction in operational costs by the end of the next fiscal year[4]. - The gross profit margin improved from 12% to 16% due to optimized operational efficiency and enhanced sales mix[19]. - The company has implemented flexible inventory management and strategic raw material procurement to stabilize production capacity amid supply chain disruptions[15]. Investments and Acquisitions - The company is investing in new technology development, allocating 50 million for research and development initiatives in the upcoming year[4]. - Strategic investments in industrial companies yielded good returns, contributing to growth[16]. - The company holds a 31.07% stake in Nantong Jianghai Capacitor Co., Ltd., with profit from this investment increasing from HKD 154,000,000 to HKD 194,000,000[16]. - The company is exploring investment or acquisition opportunities in companies with advanced technology advantages to achieve higher growth and profit margins[30]. Shareholder Returns - The board proposed a final dividend of HKD 0.05 per share[16]. - The company plans to distribute a final dividend of HKD 0.05 per share, totaling approximately HKD 49,654,000, subject to approval at the upcoming annual general meeting[69]. - The company has proposed a final dividend of HKD 0.05 per share for the year ending March 31, 2022, up from HKD 0.02 the previous year, pending shareholder approval[35]. Corporate Governance - The company has adopted a board diversity policy to enhance sustainable development, considering factors such as gender, age, and professional experience[41]. - The board composition ensures a balance of independence and experience, with at least one-third of members being independent non-executive directors[40]. - The company has applied the corporate governance code principles and complied with the relevant regulations during the fiscal year[38]. - The board is responsible for overall strategy formulation and monitoring group performance, while management is tasked with daily operations[44]. Financial Position and Assets - The company’s total assets as of March 31, 2022, are approximately HKD 2,978,000,000, with liabilities of HKD 486,000,000 and total equity of HKD 2,492,000,000[31]. - The company's equity attributable to owners increased to HKD 2,424,257 thousand in 2022 from HKD 2,103,385 thousand in 2021, marking an increase of around 15.3%[107]. - The group’s inventory balance was HKD 276,602,000, with an inventory provision of HKD 73,866,000 as of March 31, 2022[99]. Risk Management and Compliance - The company has established a risk management policy aimed at managing risks associated with business objectives, ensuring that significant risks are identified and managed[58]. - The board reviewed the effectiveness of the internal control and risk management systems, deeming them robust enough to protect shareholder interests and group assets[59]. - The company has implemented measures to ensure compliance with insider trading regulations, including raising confidentiality awareness among employees[60]. Share Repurchase - The company plans to repurchase up to 99,308,117 shares, representing 10% of the total issued shares as of the annual general meeting date[37]. - The board believes that the share repurchase reflects confidence in the company's long-term business prospects[37]. - The company repurchased a total of 6,560,000 shares from June 29, 2021, to August 10, 2021, at a total cost of HKD 19,948,280[90]. Financial Reporting and Standards - The financial statements are prepared in Hong Kong dollars (HKD), which is the same as the company's functional currency[117]. - The company has adopted revised Hong Kong Financial Reporting Standards (HKFRS) that became effective this year, with no significant impact on the financial position or performance[120]. - The company’s financial reporting adheres to the standards set by the Hong Kong Institute of Certified Public Accountants, ensuring compliance and transparency[118]. Employee and Director Compensation - The remuneration committee held one meeting during the year, with all members in attendance, ensuring that employee compensation aligns with market conditions and individual performance[52]. - As of March 31, 2022, there were 14 senior management members with annual compensation below HKD 1,000,000[53].

Revenue and Profit Growth - The group's revenue increased from approximately HKD 436 million to HKD 619 million, representing a growth of 42%[2] - Profit attributable to the company's owners rose from HKD 81 million to HKD 122 million, an increase of approximately 51%[2] - Revenue for the six months ended September 30, 2021, was HKD 618,606,000, an increase of 42.0% compared to HKD 435,593,000 for the same period in 2020[34] - The attributable profit for the period was HKD 121,718,000, an increase of 49.7% from HKD 81,277,000 in the previous year[67] Business Segment Performance - The sales of LCD and LCM businesses grew by 42%, with LCD sales increasing by 33% to HKD 126 million and LCM sales increasing by 34% to HKD 393 million[5] - The profit from the investment in Nantong Jianghai increased from HKD 63 million to HKD 92 million, a growth of 46%[2] - Revenue from LCD and LCD module products reached HKD 618,606 thousand for the six months ended September 30, 2021, up 42% from HKD 435,593 thousand in 2020[55] - The gross profit for LCD and LCD module products was HKD 46,731 thousand, compared to HKD 26,250 thousand in the previous year, reflecting an increase of 78%[55] Expenses and Financial Metrics - The gross profit increased from HKD 61 million to HKD 99 million, with the gross margin rising from 14% to 16%[5] - Sales and distribution expenses rose by 19% to approximately HKD 43 million, attributed to increased credit loss provisions and promotional expenses[6] - The company's administrative expenses increased to HKD 15,796,000 from HKD 13,953,000, reflecting a rise of 13.2%[34] - The company reported a total tax expense of HKD 14,481 thousand for the six months ended September 30, 2021, compared to HKD 9,226 thousand in 2020[62] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of HKD (7,614) thousand for the six months ended September 30, 2021, compared to HKD 47,606 thousand for the same period in 2020[42] - The total cash and cash equivalents at the end of the period were HKD 96,934 thousand, a decrease from HKD 237,622 thousand in the previous year[42] - The group's current ratio as of September 30, 2021, was 1.8, down from 2.0 as of March 31, 2021[14] - Total assets as of September 30, 2021, were approximately HKD 2,775 million, with liabilities amounting to approximately HKD 494 million and total equity of approximately HKD 2,281 million[14] Strategic Initiatives and Market Development - The company plans to adopt aggressive marketing strategies in high-value markets to enhance profitability in the upcoming fiscal period[3] - Suzhou Qingyue is diversifying by developing the electronic paper module market and has made progress in silicon-based OLED research[3] - The company is conducting R&D and production line construction for silicon-based OLEDs to strengthen its profitability in the rapidly growing AR and VR markets[10] - The decline in profit was primarily due to reduced OLED demand from overseas customers, particularly in the healthcare sector, which saw a post-pandemic decline[9] Shareholder Returns and Equity - The company does not recommend the distribution of an interim dividend for the six months ended September 30, 2021[17] - The group declared a dividend of HKD 19,862,000 for the six months ended September 30, 2021, compared to HKD 49,982,000 for the same period in 2020[65] - The company repurchased a total of 6,560,000 shares at a total cost of HKD 19,948,280 during the buyback period from June 29, 2021, to August 10, 2021[29] - The weighted average number of ordinary shares for basic earnings per share was 979,792,000 shares, down from 984,259,000 shares in the previous year[67] Investment and Capital Expenditure - The group invested HKD 27,641,000 in property, plant, and equipment, compared to HKD 26,076,000 in the same period last year, primarily for the production of LCD-related products in China[68] - Capital commitments for the acquisition of property, plant, and equipment rose to HKD 15,738,000 as of September 30, 2021, up from HKD 11,696,000 at the end of the previous reporting period, indicating an increase of 34.9%[85] - The company raised new bank loans amounting to HKD 3,787 thousand during the financing activities[42] - The group obtained new bank loans of HKD 3,787,000 during the period, with a fixed market interest rate of 2.66%[74]

Financial Performance - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[1]. - User data showed an increase in active users, reaching Z million, which is a W% increase year-over-year[2]. - The company's revenue increased by 10% from approximately HKD 813 million to HKD 892 million for the fiscal year ending March 31, 2021[13]. - Profit attributable to the company's owners rose from approximately HKD 124 million to HKD 188 million, primarily due to increased profits from associated companies[13]. - The profit from Nantong Jianghai Capacitor Co., Ltd., in which the company holds approximately 31.5% interest, increased from HKD 81 million to HKD 154 million[14]. - The profit from Suzhou Qingyue Optoelectronics Technology Co., Ltd., in which the company holds 35.1% interest, rose by HKD 14 million to HKD 31 million[14]. - Revenue for the year ended March 31, 2021, was HKD 891,969,000, an increase of 9.7% from HKD 813,153,000 in 2020[104]. - Gross profit for the same period was HKD 109,215,000, up from HKD 105,770,000, reflecting a gross margin improvement[104]. - Net profit for the year was HKD 198,010,000, representing a 43.8% increase compared to HKD 137,542,000 in the previous year[104]. - Total comprehensive income for the year was HKD 372,689,000, significantly higher than HKD 55,793,000 in 2020[105]. - Basic earnings per share increased to HKD 19.1 from HKD 12.5, indicating a strong performance in profitability[105]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[3]. - New product launches are anticipated to contribute an additional C million in revenue, with a focus on innovative technologies in the D sector[4]. - The company is expanding its market presence in E regions, aiming for a market share increase of F% by the end of the next fiscal year[5]. - Recent acquisitions are expected to enhance operational capabilities, with an estimated contribution of G million to the overall revenue[6]. - The company is investing H million in R&D for new technologies, aiming to launch products by the end of the next fiscal year[7]. - Strategic partnerships have been established to enhance distribution channels, potentially increasing sales by I%[8]. - Overall, the company remains optimistic about future growth, driven by strong market demand and innovative product offerings[10]. Cost Management - The company has implemented cost-saving measures projected to reduce operational expenses by J million annually[9]. - The company adopted a dynamic pricing strategy to maintain competitiveness amid rising material costs and unstable supply chains[13]. - The company is focusing on high-value markets and implementing production optimization plans to sustain quality profits[14]. Market and Economic Conditions - The company acknowledges the ongoing uncertainty in global economic growth due to the COVID-19 pandemic[14]. - The group faced risks from the COVID-19 pandemic and ongoing tensions between the US and China, which could impact the global and Chinese economic environment[22]. Corporate Governance - The board intends to repurchase up to 99,964,117 shares, representing 10% of the total issued shares, to enhance shareholder value[32]. - The board of directors has adopted various measures to ensure high levels of corporate governance, complying with the principles of the Corporate Governance Code as of March 31, 2021, with the exception of specific deviations noted[33]. - All directors confirmed compliance with the Securities Trading Code throughout the fiscal year ending March 31, 2021[34]. - The board consists of 3 executive directors and 4 non-executive directors, ensuring a balanced composition with strong independence[35][36]. - Independent non-executive directors possess appropriate professional qualifications and financial management knowledge, confirming compliance with independence assessment guidelines[36]. - The board held four meetings during the year, with attendance rates for directors ranging from 3/4 to 4/4[37]. - The roles of the chairman and the CEO are separated to ensure a balanced distribution of power and responsibilities[39]. - A nomination committee has been established to recommend suitable candidates for board vacancies, considering various criteria including qualifications and diversity[41]. Financial Position - The group's consolidated revenue for the year ended March 31, 2021, was approximately HKD 892 million, an increase of HKD 79 million or 10% compared to HKD 813 million in 2020[15]. - The group's current ratio as of March 31, 2021, is 2.0, down from 2.3 on March 31, 2020[27]. - The capital-to-equity ratio is 0.2% as of March 31, 2021, unchanged from the previous year[27]. - Total assets amount to approximately HKD 2,532,000,000, with liabilities of HKD 374,000,000 and total equity of HKD 2,158,000,000[27]. - The bank credit line is approximately HKD 189,000,000, an increase from HKD 163,000,000 in the previous year[27]. - The company has no significant contingent liabilities or major asset pledges as of March 31, 2021[28]. - The company has established a risk management policy aimed at managing risks rather than eliminating them, focusing on significant operational risks[53]. - The internal audit department conducts regular audits to ensure the effectiveness of major internal controls and risk management measures[53]. Shareholder Information - The proposed final dividend is HKD 0.02 per share, down from HKD 0.05 in the previous year, pending shareholder approval[30]. - The company plans to distribute a final dividend of HKD 0.02 per ordinary share, totaling approximately HKD 19,993,000, subject to approval at the upcoming annual general meeting[63]. - The total amount of dividends declared was HKD 49,131,000[112]. - The company has a significant shareholder, Antrix Investment Limited, holding 570,000,000 shares, which constitutes 57.02% of the issued share capital[82]. - Executive director Li Guowei holds a total of 714,402,381 shares, representing 71.47% of the company's issued share capital[71]. Compliance and Regulations - The group complied with all relevant laws and regulations in the jurisdictions where it operates, primarily in mainland China and Hong Kong[24]. - The company has complied with the disclosure requirements under Chapter 14A of the Listing Rules regarding related party transactions for the year ending March 31, 2021[80]. - The board of directors includes three independent non-executive directors who have confirmed their independence according to the Listing Rules[69]. Risk Management - The board believes that the existing internal control and risk management systems are robust enough to protect the interests of shareholders, customers, and employees[53]. - The group recognizes revenue upon the transfer of control of goods or services to customers, which occurs when performance obligations are fulfilled[153]. - The group assesses impairment of financial assets based on expected credit losses, updating the expected credit loss amount at each reporting date to reflect changes in credit risk[200].