Financial Performance - YEEBO (International Holdings) Limited reported a significant increase in revenue, achieving a total of HKD 1.2 billion for the fiscal year, representing a growth of 15% compared to the previous year[2]. - The group’s consolidated revenue decreased by 2% to HKD 934 million for the fiscal year ending March 31, 2019, compared to HKD 954 million in the previous year[13]. - Revenue for the year ended March 31, 2019, was HKD 934,152,000, a decrease of 2.5% from HKD 953,600,000 in 2018[98]. - Gross profit increased to HKD 143,920,000, up 4.1% from HKD 137,775,000 in the previous year[98]. - Net profit for the year was HKD 322,416,000, representing a significant increase of 152.1% compared to HKD 127,721,000 in 2018[98]. - The company reported a profit of HKD 288,747,000 for the year ending March 31, 2019, compared to HKD 120,598,000 in the previous year, representing a significant increase of 139%[106]. - The company reported a share of profits from associates amounting to HKD 123,788,000, an increase of 24.6% from HKD 99,376,000[98]. - Basic and diluted earnings per share rose to HKD 28.9, compared to HKD 12.1 in the previous year, reflecting a growth of 138.0%[99]. Market Expansion and Strategy - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[2]. - YEEBO is considering strategic acquisitions to enhance its product portfolio and increase operational efficiency, with potential targets identified in the electronics sector[2]. - The group plans to promote high-value-added products and enhance new product development to increase both revenue and profit margins[25]. Research and Development - YEEBO is investing HKD 100 million in research and development for new technologies, focusing on enhancing LCD and LCM products[2]. - The company remains committed to investing in the organic light-emitting diode (OLED) business, holding a 35.1% stake in Kunshan Visionox Technology Co., Ltd.[14]. - The group anticipates continued growth in the OLED market, supported by a strong R&D platform and management team at Kunshan Visionox[14]. Financial Health and Cash Flow - The company’s cash flow from operations increased by 18%, reaching HKD 250 million, providing a solid foundation for future investments[2]. - The total assets of the group were approximately HKD 2,327,000,000, with liabilities of HKD 383,000,000 and total equity of HKD 1,944,000,000[26]. - The group’s retained earnings increased from HKD 64,945,000 in 2018 to HKD 165,455,000 in 2019, reflecting a growth of approximately 155%[63]. - The total reserves available for distribution to shareholders increased from HKD 114,204,000 in 2018 to HKD 214,714,000 in 2019, representing an increase of approximately 88%[63]. Sustainability and Environmental Commitment - The management highlighted a commitment to sustainability, aiming to reduce production waste by 30% over the next three years[2]. - The company emphasizes environmental sustainability and has upgraded manufacturing facilities to improve waste management capabilities[22]. Corporate Governance - The board believes that corporate governance is crucial for the company's success and has implemented measures to maintain high governance standards[32]. - The company has established a nomination committee responsible for proposing suitable candidates to fill board vacancies, ensuring compliance with listing rules[38]. - The roles of chairman and CEO are separated to ensure a balanced distribution of power and responsibilities within the company[37]. - The company has established three committees: nomination, remuneration, and audit committees, to assist the board in fulfilling its responsibilities[40]. Audit and Compliance - The independent auditor confirmed that the financial statements reflect the group's financial position as of March 31, 2019, in accordance with Hong Kong Financial Reporting Standards[86]. - The audit committee consists of three independent non-executive directors and has reviewed the financial statements for the year ending March 31, 2019[83]. - The company has established a robust internal control and risk management system, which was reviewed by the Board and deemed effective for protecting shareholder interests[51]. Challenges and Risks - The ongoing US-China trade war and economic uncertainties pose significant challenges for the group's display business operations[14]. - The group is taking measures to maintain market competitiveness amid the anticipated cautious inventory policies due to the US-China trade disputes[25]. Inventory and Receivables Management - The company recognized an obsolete inventory provision of HKD 15,133,000 during the year, with a carrying value of inventory amounting to HKD 147,478,000 as of March 31, 2019[93]. - The net value of trade receivables was approximately HKD 148,703,000, which constituted about 6.4% of the group's total assets, with around HKD 44,278,000 overdue[91]. - The group recognizes expected credit losses for financial assets, including trade receivables, based on historical credit loss experience and adjustments for specific factors[191].