Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 102,307 thousand, a decrease of 25% compared to HKD 136,483 thousand for the same period in 2023[2] - Gross profit for the same period was HKD 74,272 thousand, down 25% from HKD 98,865 thousand year-on-year[2] - The net profit attributable to the company's owners was HKD 17,382 thousand, a decline of 33% from HKD 26,014 thousand in the previous year[4] - Basic and diluted earnings per share decreased to HKD 0.78 from HKD 1.17, reflecting a 33% drop[4] - Total comprehensive income for the period was HKD 23,659 thousand, compared to HKD 18,522 thousand in the prior year, indicating an increase[9] - Revenue for the six months ended September 30, 2024, was HKD 102,307,000, a decrease of 25% compared to HKD 136,483,000 for the same period in 2023[21] - The group reported a pre-tax profit of HKD 10,825,000 for the six months ended September 30, 2024, compared to HKD 12,588,000 for the same period in 2023, indicating a decline of 14%[33] - The group recognized revenue of HKD 86,712,000 from sales of burial plots and niches, a decrease of 29.5% from HKD 123,160,000 in the same period of 2023[26] - Interest income from banks for the six months ended September 30, 2024, was HKD 2,566,000, down from HKD 3,547,000 in the same period of 2023, reflecting a decrease of 27.7%[26] - The interim dividend declared was HKD 0.5 per share, down from HKD 0.8 per share in the previous year, resulting in a total of HKD 11,107,000 for the six months ended September 30, 2024[34] Assets and Liabilities - Non-current assets totaled HKD 729,137 thousand as of September 30, 2024, up from HKD 691,611 thousand at the end of March 2024[12] - Current assets decreased to HKD 570,201 thousand from HKD 583,520 thousand, reflecting a decline in liquidity[12] - Current liabilities increased to HKD 177,186 thousand from HKD 147,480 thousand, indicating a rise in short-term obligations[12] - The company's total equity as of September 30, 2024, was HKD 972,957 thousand, slightly down from HKD 978,671 thousand at the end of March 2024[14] - As of September 30, 2024, the total assets and net assets of the group were approximately HKD 1,299,400,000 and HKD 973,000,000, respectively, compared to HKD 1,275,100,000 and HKD 978,700,000 as of March 31, 2024[73] - The net asset value per share was approximately HKD 0.44, unchanged from March 31, 2024[73] Operational Focus - The company continues to focus on its cemetery business in China, with no new product or market expansion strategies disclosed in the report[16] - The group plans to continue focusing on green burial as a core strategy and aims to enhance service transformation and upgrade product strategies[57] - The flagship project, Zhejiang Anxian Garden, launched a 200-square-meter "Boundaryless" digital life experience space, integrating advanced technologies such as holography and AI[56] - The group aims to explore the infinite possibilities of technology empowerment in the funeral industry, promoting modernization and ecological progress[57] Market Trends - The Chinese funeral service market is projected to grow from RMB 257.7 billion in 2020 to RMB 411.4 billion by 2026, with a compound annual growth rate of 8.1%[52] - The aging population in China is expected to drive demand for funeral services, with annual deaths projected to increase from 11.1 million to 12.2 million between 2025 and 2030[52] Governance and Compliance - The company has complied with all applicable corporate governance codes as of September 30, 2024[86] - The audit committee has reviewed the financial reporting procedures and internal controls, confirming no objections to the accounting policies adopted[87] - The report emphasizes the importance of corporate governance as per the listing rules, reflecting the company's commitment to ethical practices[94] - The company is focused on maintaining compliance with the Securities and Futures Ordinance, which governs its operations in Hong Kong[99] Shareholder Information - The company declared an interim dividend of HKD 0.005 per share for the six months ended September 30, 2024, compared to HKD 0.008 per share for the same period last year[81] - The company raised approximately HKD 131,500,000 from a rights issue, with 62% allocated to repay existing debts and 22% for general working capital[80] - The interim report is expected to be distributed to shareholders at an appropriate time, ensuring stakeholders are informed of the company's performance[91] Financial Reporting - The financial reporting adheres to Hong Kong Financial Reporting Standards, ensuring compliance and transparency in financial disclosures[94] - The report does not provide specific financial performance metrics or future guidance, indicating a potential area for further disclosure in future communications[91] - The company operates through its subsidiaries, which are integral to its business operations in mainland China[98]

Financial Performance - The group’s total revenue decreased by 16.5% in 2024 compared to a 9.5% increase in 2023[23]. - The gross profit margin for the group was 73.0% in 2024, down from 74.5% in 2023[23]. - The company recorded a net profit of approximately HKD 58.4 million for the year, a decrease from HKD 105.5 million in the previous year, representing a decline of about 44.5%[25]. - Total revenue decreased to approximately HKD 284.4 million, down from HKD 340.5 million, reflecting a reduction of about 16.5% year-on-year, primarily due to a 16.1% decrease in the number of sold burial plots and a 3.6% depreciation of the RMB against the HKD[26]. - The gross profit also decreased to approximately HKD 207.7 million from HKD 253.7 million, indicating a decline of about 18.1%[26]. - Operating cash flow for the year was HKD 91.6 million, down from HKD 183.0 million, a decrease of approximately 50%[34]. - Revenue for the year ended March 31, 2024, was HKD 284,430,000, a decrease of 16.5% compared to HKD 340,533,000 in 2023[137]. - Profit before tax for the same period was HKD 87,718,000, down 40.0% from HKD 146,041,000 in 2023[137]. - Net profit for the year was HKD 58,397,000, representing a decline of 44.6% from HKD 105,512,000 in 2023[137]. - Non-current assets decreased to HKD 691,611,000 from HKD 727,036,000, a reduction of 4.8%[137]. - Current assets net value was HKD 436,040,000, slightly down from HKD 445,587,000, a decrease of 2.3%[137]. - Total equity attributable to owners of the company was HKD 942,965,000, down from HKD 970,326,000, a decline of 2.9%[137]. Strategic Initiatives - The flagship project in Zhejiang has successfully transformed traditional burial services into eco-friendly, artistic, and intelligent offerings, enhancing social recognition and driving group benefits[6]. - The launch of the "Wujing" digital memorial space marks a significant advancement in AI integration within the funeral service industry, providing personalized remembrance and healing experiences[6]. - The acquisition of Yinchuan Fushou Garden aligns with national trends in green burial practices, establishing it as a model for sustainable development in the western region[8]. - The company’s project in Zunyi Dachen Mountain Ecological Cemetery has shown significant vitality and development potential, with comprehensive upgrades to service offerings and facilities[9]. - The group aims to set a benchmark for cemetery services in Guizhou province, promoting green burial concepts and leading local funeral reform initiatives[9]. - The group aims to enhance its service offerings by integrating advanced technologies such as AI and holography into its operations[20]. - The group is committed to promoting green and eco-friendly funeral services, aligning with modern societal values[21]. - The group plans to adjust its product strategy and structure to explore new opportunities in the funeral service market[21]. - The integration of full-service offerings from funeral to burial in the Zhejiang project sets a new standard for the life industry in the region[10]. Governance and Compliance - The company has maintained a strong governance framework, adhering to the corporate governance code throughout the year[139]. - The board of directors consists of 7 members, with 3 executive directors and 3 independent non-executive directors, ensuring a balanced composition[146]. - The company has implemented mechanisms to ensure independent viewpoints are considered in decision-making processes[149]. - The company has established a remuneration committee to review and determine the compensation of directors and senior management[103]. - The board has delegated sufficient resources to the Audit Committee, including access to external auditors and independent professional advice, to fulfill its responsibilities[167]. - The company has engaged external auditors, Hong Kong Li Xin De Hao CPA Limited, for the annual audit, with their independence and audit plan reviewed and approved by the Audit Committee[172]. - The company has established a robust internal audit function to ensure effective risk management and compliance with regulatory requirements[172]. - The company has implemented a system for employees to confidentially report concerns regarding financial reporting and internal controls[172]. - The company has established procedures for handling and disclosing inside information in compliance with the Securities and Futures Ordinance[199]. - The board has confirmed its responsibility for the financial statements, ensuring they fairly reflect the company's affairs, performance, and cash flows[193]. Employee and Social Responsibility - The total number of employees increased to 268 in China, up from 253 in the previous year, while the number of employees in Hong Kong remained stable at 12[48]. - Employee costs for the year were approximately HKD 44.3 million, a slight decrease from HKD 45.1 million in the previous year[49]. - The company actively engages in charitable activities to enhance its social reputation and corporate image[20]. - Donations made during the year totaled HKD 313,000, significantly higher than HKD 129,000 in 2023[89]. - The company aims to achieve gender balance in senior management and potential board successors through ongoing recruitment practices[189]. - As of March 31, 2024, the company has a total of 280 employees, with 118 female employees, representing 42.1% of the workforce, indicating a balanced gender ratio[189]. Shareholder Information - The proposed final dividend for the year ending March 31, 2024, is HKD 0.013 per share, down from HKD 0.015 per share in 2023[83]. - The total dividend for the year will amount to HKD 0.021 per share, an increase from HKD 0.020 per share in 2023[83]. - The distributable reserves available to equity holders as of March 31, 2024, are approximately HKD 120,838,000, a decrease from HKD 136,655,000 in 2023[88]. - The company has maintained a sufficient public float of at least 25% of the issued shares throughout the year and up to the report date[126]. - The company has complied with all relevant laws and regulations without any significant violations during the year[133].

Financial Performance - The company's total revenue for the year ended March 31, 2024, was HKD 284,430,000, a decrease of 16.5% compared to HKD 340,533,000 in the previous year[4] - Gross profit for the year was HKD 207,729,000, down 18.1% from HKD 253,691,000 in the prior year[4] - Net profit for the year was HKD 58,397,000, representing a decline of 44.6% from HKD 105,512,000 in the previous year[4] - Basic and diluted earnings per share decreased to HKD 2.60 from HKD 4.72, a drop of 44.8%[4] - The company reported a total comprehensive income of HKD 23,055,000, down 32.0% from HKD 33,887,000 in the previous year[6] - Revenue from cemetery business in China decreased to HKD 284,430,000 in 2024 from HKD 340,533,000 in 2023, representing a decline of approximately 16.5%[22] - Sales of burial plots and niches dropped to HKD 254,494,000 in 2024 from HKD 307,778,000 in 2023, a decrease of about 17.3%[27] - Total other income decreased to HKD 8,744,000 in 2024 from HKD 13,521,000 in 2023, reflecting a decline of approximately 35.5%[27] - The company’s net profit attributable to shareholders for 2024 is HKD 57,824,000, down from HKD 104,921,000 in 2023, indicating a decline of 44.8%[39] Assets and Liabilities - The company's total assets as of March 31, 2024, were HKD 1,805,171,000, down from HKD 1,832,259,000 in the previous year[8] - Non-current assets decreased to HKD 691,611,000 from HKD 727,036,000, a decline of 4.9%[8] - The company's equity totalled HKD 978,671,000, down from HKD 1,006,707,000, a decrease of 2.8%[9] - Trade receivables at the end of 2024 amount to HKD 1,009,000, slightly down from HKD 1,023,000 in 2023[44] - Trade payables at the end of 2024 total HKD 36,456,000, a slight decrease from HKD 37,468,000 in 2023[45] - The debt-to-asset ratio as of March 31, 2024, was approximately 0.23, down from 0.24 in 2023, indicating a reduction in total liabilities[78] Cash Flow - The net cash flow from operating activities for the year 2024 was approximately HKD 91.64 million, a decrease of 50% compared to HKD 182.95 million in 2023[77] - The net cash flow from investing activities was HKD 57.78 million in 2024, compared to a cash outflow of HKD 57.24 million in 2023[77] - The net cash flow used in financing activities was HKD 79.74 million in 2024, an increase from HKD 33.65 million in 2023[77] Expenses - Administrative expenses increased to approximately HKD 90.3 million from HKD 83.6 million, primarily due to higher maintenance costs for cemetery and burial plot assets[73] - Financing costs decreased to HKD 675,000 in 2024 from HKD 1,003,000 in 2023, a decline of approximately 32.6%[30] - Employee benefits expenses (excluding directors and key management personnel) were HKD 39,030,000 in 2024, slightly down from HKD 39,804,000 in 2023, a decrease of about 1.9%[29] Dividends - The total interim dividend declared for 2024 is HKD 46,649,000, an increase of 4.9% compared to HKD 44,427,000 in 2023[36] - The board has proposed a final dividend of HKD 1.3 per share for the year ending March 31, 2024, down from HKD 1.5 per share in 2023[91] - The total dividend for the year, including an interim dividend of HKD 0.8 per share, will amount to HKD 2.1 per share, compared to HKD 2.0 per share in 2023[91] Strategic Focus - The company plans to focus on market expansion and new product development to drive future growth[11] - The company plans to focus on green burial as a core development strategy and increase R&D efforts for new products[65] - The company aims to explore technology-enabled services and modernize the burial industry through innovative concepts[65] - The company is committed to integrating cultural and ecological elements into its services, creating a holistic memorial experience[56] - The group aims to lead the digital transformation in the funeral industry through innovative technologies and services, including AI applications[50] Community Engagement - The group has actively engaged in community service and partnerships, enhancing its brand image and operational integration in local markets[52] - The company emphasizes talent management and professional training, establishing a unified "Anxian People" service system to enhance operational efficiency[55] Acquisitions and Developments - The acquisition of Yinchuan Fushou Garden aligns with national trends in green burial practices, enhancing the group's sustainable development strategy[52] - Yinchuan Fushou Garden has introduced eco-friendly burial methods and a "Life Crystal" studio, becoming the only service provider in Ningxia, which has garnered public attention[52] - The Zunyi Dachenshan Ecological Cemetery has shown significant vitality and development potential, with comprehensive upgrades to its facilities and services, aiming to set a benchmark in Guizhou province[53] Taxation - The company's income tax expense for the year 2024 is HKD 29,321,000, a decrease of 27.7% from HKD 40,529,000 in 2023[34] - The company’s effective tax rate for 2024 is approximately 33.4%, compared to 27.7% in 2023[34]

Financial Performance - The total revenue for the six months ended September 30, 2023, was approximately HKD 136.5 million, a decrease of 4.5% compared to HKD 143 million for the same period in 2022[12]. - The net profit for the same period was approximately HKD 27.2 million, down from HKD 33.5 million in the previous year, reflecting a decrease of about HKD 6.3 million[14]. - The gross profit margin improved to 72.4% from 69.9% year-on-year, indicating enhanced operational efficiency[12]. - The total number of sold burial plots decreased by 1.7%, contributing to the decline in revenue[14]. - Total revenue for the period was approximately HKD 136,500,000, a decrease from HKD 143,000,000 in the same period last year[31]. - Sales of burial plots and niches amounted to approximately HKD 123,200,000, down from HKD 129,400,000 year-on-year[31]. - Profit attributable to the company's owners for the period was approximately HKD 26,000,000, down from HKD 33,400,000 in the same period last year[35]. - Gross profit for the same period was HKD 98,865,000, down from HKD 99,879,000, reflecting a slight decline in profitability[117]. - The net profit attributable to the company's owners was HKD 26,014,000, a decrease of 22.2% from HKD 33,423,000 in the previous year[117]. - The company reported a foreign exchange loss of HKD 45,617,000, compared to a loss of HKD 102,670,000 in the previous year, indicating a reduction in currency-related impacts[121]. Cash Flow and Liquidity - Cash and cash equivalents increased by approximately HKD 74,700,000, compared to an increase of HKD 50,000,000 in the previous period[36]. - As of September 30, 2023, the group had cash and cash equivalents and time deposits of approximately HKD 344,400,000[36]. - For the six months ended September 30, 2023, net cash flow from operating activities was HKD 36,643,000, a decrease of 36.5% compared to HKD 57,978,000 for the same period in 2022[61]. - Net cash flow from investing activities was HKD 58,219,000, significantly up from HKD 979,000 in the previous year[61]. - The total cash and cash equivalents at the end of the period reached HKD 344,424,000, up from HKD 241,488,000, marking an increase of approximately 43%[132]. - The increase in cash and cash equivalents during the period was HKD 74,676,000, compared to HKD 50,027,000 in the prior year, showing improved liquidity[132]. Expenses and Costs - Administrative expenses rose from HKD 37,500,000 to HKD 44,600,000, mainly due to increased maintenance costs for cemetery and burial plot assets[34]. - The total employee cost for the period was approximately HKD 20,700,000, an increase of 4.0% from HKD 19,900,000 for the same period last year[70]. - Employee benefits expenses (excluding directors and key management personnel) increased to HKD 18,297,000 from HKD 17,503,000, reflecting a rise of 4.5%[168]. - The cost of sold inventory for the period was HKD 28,640,000, down from HKD 34,205,000 in the previous year, representing a decrease of 16.5%[168]. Assets and Liabilities - The current ratio as of September 30, 2023, was approximately 3.29, down from 3.79 as of March 31, 2023, due to an increase in current liabilities[17]. - Total assets as of September 30, 2023, were approximately HKD 1,275,300,000, down from HKD 1,332,600,000 as of March 31, 2023[64]. - Net assets decreased to approximately HKD 954,900,000 from HKD 1,006,700,000, primarily due to a net profit attributable to owners of HKD 26,000,000 offset by dividends payable of HKD 33,300,000[64]. - The debt-to-asset ratio as of September 30, 2023, was 0.25, slightly up from 0.24 as of March 31, 2023[63]. - Total current liabilities rose to HKD 178,899,000, up from HKD 159,972,000, reflecting increased operational costs[117]. Corporate Governance and Compliance - The company has complied with the corporate governance code as of September 30, 2023[96]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and internal controls[96]. - The group has no known interests in competitive businesses from directors or major shareholders as of September 30, 2023[94]. Strategic Focus and Initiatives - The company continues to focus on core projects and optimize brand culture to enhance social value[10]. - The company is leveraging advanced technologies such as AI and digital twins to innovate in the funeral service sector[10]. - The company is committed to promoting ecological burial practices and has received recognition for its initiatives in this area[10]. - The company plans to continue developing its cemetery business in China and will focus on product strategy adjustments and upgrades[30][29]. - The company continues to focus on its cemetery business in China, with no new product or technology developments reported during this period[136]. - The group’s operational focus remains on its cemetery business in China, with no new segments reported, indicating a strategic focus on existing operations[191].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 ANXIAN YUAN CHINA HOLDINGS LIMITED * 安賢園中國控股有限公司 （於百慕達註冊成立之有限公司） 00922 （股份代號： ） 截至二零二三年九月三十日止六個月 中期業績公佈 本公司董事會宣佈，本集團截至二零二三年九月三十日止六個月之未經審核簡明綜 合業績連同截至二零二二年九月三十日止六個月之比較數字如下： 簡明綜合損益表 截至二零二三年九月三十日止六個月 未經審核 截至九月三十日止六個月 二零二三年 二零二二年 附註 千港元 千港元 4 136,483 142,952 收益 (37,618) (43,073) 銷售成本 ...

Financial Performance - The company's total revenue for the fiscal year increased to HKD 340.5 million, up 9.5% from HKD 310.9 million in the previous year[20]. - The gross profit for the year was HKD 253.7 million, representing a gross margin of 74.5%, compared to 71.6% in the previous year[20]. - Net profit attributable to the company's owners rose to approximately HKD 104.9 million, compared to HKD 73.1 million in the previous year[29]. - Profit before tax for the same period was HKD 146,041,000, up 35.2% from HKD 108,006,000 in the prior year[134]. - Net profit for the year was HKD 105,512,000, which is a 48.0% increase from HKD 71,286,000 in the previous year[134]. - The company recorded a decrease in financing costs of approximately HKD 2.4 million due to the repayment of bank loans[28]. - Administrative expenses decreased from HKD 92.1 million to HKD 83.6 million, primarily due to reduced salary and wage expenses[25]. - Sales and distribution expenses increased from HKD 25.4 million to HKD 36.6 million, mainly for marketing expenses related to the cemetery market[24]. - The company has experienced a significant increase in reserves, indicating a positive trend in financial health and operational performance[83]. Operational Highlights - The group achieved record operating performance in flagship projects, with significant growth in revenue from the Ningxia Fushou Garden and Zunyi Dachenshan Ecological Cemetery[6]. - The flagship project, Anxian Cemetery, has integrated cultural, educational, and memorial elements, hosting various patriotic education and social charity activities that have increased the group's influence in the funeral industry[9]. - The group continues to promote green ecological burial practices, establishing the first life crystal service facility, "Cangjingyuan," which has garnered attention for its significance in local green burial development[7]. - The group has focused on developing thematic cultural cemeteries that harmonize with local environments and ecological requirements, promoting sustainable development[7]. - The group has maintained a steady growth trend in its projects, with a focus on integrating funeral services with cultural and emotional elements[6]. Shareholder Returns - The group continues to pay dividends to shareholders, reflecting its commitment to rewarding investor support[6]. - The company proposed a final dividend of HKD 0.015 per share for the year ending March 31, 2023, compared to HKD 0.009 per share in 2022, resulting in a total dividend of HKD 0.020 per share for the year, up from HKD 0.018 per share in the previous year[78]. - As of March 31, 2023, the total distributable reserves available to the company's equity holders amounted to approximately HKD 136.655 million, an increase from approximately HKD 115.699 million in 2022[83]. Strategic Initiatives - The company aims to extend its service offerings in green burial and digital life services, focusing on customer needs and product supply[17]. - The company plans to enhance strategic partnerships with elderly care and community organizations to provide integrated life education and end-of-life care services[16]. - The company continues to advocate a business philosophy centered on human-centric, culturally rooted, and scientifically driven services[17]. Governance and Compliance - The company is committed to maintaining transparency and accountability through its audit and remuneration committees[67][70]. - The company has complied with all relevant laws and regulations without any significant violations during the year[129]. - The board consists of 3 executive directors, 1 non-executive director, and 3 independent non-executive directors, with independent directors making up 42.86% of the total board[145]. - The company has established a framework for internal controls and risk management, ensuring compliance with relevant regulations[172]. - The company has established specific written terms of reference for its board committees to clearly define their powers and responsibilities[166]. Human Resources - The total employee cost for the year was approximately HKD 45,100,000, a decrease from HKD 48,400,000 in 2022[46]. - The company has a total of 265 employees, with 115 female employees, accounting for 43.4% of the total workforce[188]. - The company aims to achieve gender balance in senior management and potential board successors[188]. Financial Position - The net cash flow from operating activities for the year 2023 was approximately HKD 182,952,000, a significant increase from HKD 65,987,000 in 2022[30]. - The debt-to-asset ratio as of March 31, 2023, was 0.24, slightly improved from 0.25 in 2022, indicating a stable financial position[32]. - The total assets and net assets as of March 31, 2023, were approximately HKD 1,332,600,000 and HKD 1,006,700,000, respectively, with a net asset increase attributed to a profit of HKD 104,900,000[34]. Risk Management - The company has implemented a foreign currency hedging policy to manage currency risk, with no significant foreign currency risk reported for the year[43]. - The independent review of the internal control and risk management system is reported to the audit committee and board at least once a year[196]. Board Activities - The board of directors held three regular meetings during the year, which is below the recommended four meetings per year[138]. - The company held a total of 6 board meetings, 4 audit committee meetings, 1 remuneration committee meeting, 1 nomination committee meeting, and 1 annual general meeting during the year[155]. - All directors attended 100% of the board meetings, with each executive director present at all 6 meetings[155].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 ANXIAN YUAN CHINA HOLDINGS LIMITED * 安賢園中國控股有限公司 （於百慕達註冊成立之有限公司） 00922 （股份代號： ） 截至二零二三年三月三十一日止年度 全年業績公佈 全年業績 董事會欣然宣佈本集團於本年度之綜合業績，連同截至二零二二年三月三十一日止 年度之比較數字如下： ...

Market Overview - The funeral service industry in China had a market size of RMB 257.7 billion in 2020, up from RMB 236.1 billion in 2019, with projections to reach RMB 411.4 billion by 2026[7]. - The ongoing urbanization and aging population in China are expected to drive greater demand for funeral services[7]. - The funeral service industry in China is supported by a cultural foundation that values high-quality funeral services as an expression of filial piety[7]. Company Performance - The overall performance of the group saw a slight decrease compared to the previous year, but the flagship project in Zhejiang continued to demonstrate stability[12]. - The group recorded a net profit of approximately HKD 33,510,000, a decrease of about HKD 1,474,000 compared to the same period last year, primarily due to a reduction in gross profit and financing costs[13]. - Revenue decreased from HKD 156,096,000 to HKD 142,952,000, reflecting a 7% decline in the total number of sold burial plots[13]. - Gross profit fell from HKD 106,876,000 to HKD 99,879,000, a decrease of HKD 6,997,000[13]. - Profit before tax was HKD 46,752 thousand, compared to HKD 53,063 thousand in the previous year, indicating a decrease of approximately 12%[70]. - Net profit for the period was HKD 33,510 thousand, slightly down from HKD 34,984 thousand, representing a decline of about 4%[77]. - Total comprehensive income for the period was HKD (69,314) thousand, a significant decrease from HKD 47,370 thousand in the prior year[77]. Financial Metrics - Financing costs decreased from HKD 2,263,000 to HKD 780,000, mainly due to the repayment of bank loans[17]. - As of September 30, 2022, the group's net asset value was approximately HKD 914,613,000, down HKD 89,306,000 from March 31, 2022, primarily due to currency depreciation[17]. - The current ratio of total liabilities to total assets was 0.26 as of September 30, 2022, compared to 0.25 on March 31, 2022[18]. - The total employee cost for the period was approximately HKD 19,933,000, slightly down from HKD 20,248,000 in the same period last year[29]. - The group had a net cash inflow of approximately HKD 50,027,000 during the period, compared to HKD 44,524,000 in the same period last year[17]. - The total cash and cash equivalents at the end of the period was HKD 241,488,000, down from HKD 302,875,000 at the end of the previous year, a decrease of approximately 20.3%[98]. - The retained earnings as of September 30, 2022, were HKD 329,781,000, an increase from HKD 365,164,000 in the previous year[92]. Shareholder Information - The company has issued a total of 2,221,363,150 ordinary shares as of September 30, 2022[41]. - Master Point Overseas Limited holds 1,273,530,616 shares, representing 57.33% of the company's issued share capital[44]. - The company reported a mid-term dividend of HKD 0.5 per share for the six months ended September 30, 2022, down from HKD 0.9 per share for the same period last year[35]. - The interim dividend declared for the six months ended September 30, 2022, is HKD 0.5 per share, down from HKD 0.9 per share for the same period in 2021[143]. Corporate Governance - The company has complied with applicable corporate governance codes, with some deviations noted[55]. - The board of directors has only held one regular meeting during the reporting period to review and discuss annual performance and operational performance[56]. - The company has confirmed that all directors have complied with the standards set out in the code of conduct for securities transactions during the reporting period[61]. Strategic Initiatives - The company is advancing its "digital funeral" initiatives, enhancing online memorial services to integrate electronic memorials and online offerings[8]. - The company is focusing on emotional service and cultural funerals as its core strategy, integrating technology to enhance service delivery[12]. - The company plans to continue developing existing projects and enhancing brand value, focusing on green burial and ecological concepts[13]. Community Engagement - The company emphasized its commitment to corporate social responsibility and cultural promotion through various charitable activities and public events[12]. - The company is actively responding to government calls and ensuring community needs are met while adhering to pandemic prevention measures[8]. Operational Insights - The company has only one reportable operating segment, which is the cemetery business, with no further segment analysis provided[116]. - The group has no significant litigation or contingent liabilities as of September 30, 2022[20][24]. - The group has no significant post-reporting period events that could impact its operations[36].

Financial Performance - The company recorded a net profit of approximately HKD 71.3 million for the year, down from HKD 81.3 million in the previous year, representing a decrease of about 12.3%[22]. - Total revenue increased to approximately HKD 310.9 million, up from HKD 298.7 million in the previous year, marking a growth of about 4.0%[22]. - Gross profit rose to approximately HKD 222.7 million, compared to HKD 214.9 million in the previous year, reflecting an increase of about 3.3%[22]. - The sales volume of burial plots at Zunyi Dashenshan decreased by 38%, leading to a revenue drop to HKD 32.8 million from HKD 43.5 million in the previous year[22]. - Total revenue for the year was approximately HKD 310.9 million, an increase from HKD 298.7 million in the previous year[23]. - Sales of burial plots and niches amounted to approximately HKD 284.8 million, up from HKD 270 million in the previous year, reflecting a growth of about 5.3%[23]. - The profit before tax for the same period was HKD 108,006,000, compared to HKD 114,163,000 in the prior year, indicating a decrease of about 5.4%[106]. - The net profit attributable to the company's owners was HKD 73,125,000, down from HKD 80,295,000 in the previous year, reflecting a decline of approximately 8.1%[106]. - The company's total equity attributable to owners rose to HKD 965,288,000, up from HKD 897,186,000, marking an increase of approximately 7.6%[106]. Strategic Initiatives - The company aims to further explore brand value and enhance corporate image while promoting the modernization and ecological transformation of the funeral industry[22]. - The company plans to continue expanding its funeral service offerings and develop an integrated operational service model[22]. - The company plans to expand its market presence by entering two new provinces in China by the end of 2023, aiming for a 25% increase in market share in those regions[41]. - A strategic acquisition of a local competitor is in progress, expected to enhance service offerings and increase operational efficiency, with a projected impact of 5% on overall revenue growth[41]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of HKD 100 million allocated for this purpose[200]. Sustainability and Community Engagement - The company actively promoted eco-friendly burial methods, transitioning new cemetery areas towards ecological and artistic designs, which received recognition from various sectors[11]. - The company initiated the construction of the "Cangjing Garden," the first facility in the western region to support the "Life Crystal" service, enhancing green burial initiatives in Yinchuan[11]. - The group emphasizes sustainable development, focusing on environmental sustainability, respect for human rights, and community development[192]. - The company has actively engaged in community life education and public welfare activities, enhancing its brand effect and corporate image[19]. - The company aims to improve community engagement through a budget of HKD 10 million for social welfare initiatives[200]. Digital Transformation - The company launched the "Cloud Memorial" platform during the early stages of the COVID-19 pandemic, enhancing online memorial services and improving user experience[8]. - The company has successfully implemented remote memorial services such as "cloud memorial" and "proxy memorial" to meet social needs during peak periods[19]. - The company is focusing on enhancing digital services, with a target to increase online service usage by 30% over the next year[41]. Governance and Compliance - The board of directors emphasizes the importance of good corporate governance practices for maintaining investor confidence and the group's sustainable growth[109]. - The company has adopted the corporate governance code as per the listing rules, ensuring compliance with the updated principles[109]. - The company has established a remuneration committee to review and determine the compensation of directors and senior management based on their responsibilities and the company's performance[74]. - The audit committee is responsible for monitoring the integrity of financial reporting and overseeing the relationship with external auditors[142]. - The company has complied with applicable laws and regulations without any significant violations during the year[103]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 10% to 12% based on current market trends and user engagement[41]. - The company reported a stable revenue growth of 10% year-over-year, reaching HKD 1.2 billion in 2022[200]. - User data indicates a 15% increase in active users, totaling 3 million by the end of the fiscal year[200]. - New product launches are expected to contribute an additional HKD 200 million in revenue[200]. - The company is investing HKD 50 million in R&D for new technologies aimed at enhancing service quality[200].

Financial Performance - The group recorded a net profit of approximately HKD 34,984,000, an increase from HKD 29,981,000 in the same period last year, representing a year-on-year increase of about 17%[14] - Revenue increased to approximately HKD 156,096,000 from HKD 139,968,000, marking a year-on-year growth of about 11.5%[14] - Gross profit rose to HKD 106,876,000, up from HKD 82,059,000, reflecting a year-on-year increase of approximately 30.3%[14] - Net profit attributable to the company's owners was HKD 35,383,000, compared to HKD 29,026,000 in the previous year, reflecting a growth of 22%[76] - Total comprehensive income for the period was HKD 47,370,000, compared to HKD 59,037,000 in the same period last year, showing a decrease of 19.7%[80] - Basic and diluted earnings per share for the period were HKD 1.59, down from HKD 1.96 in the previous year[76] - Net cash flow from operating activities for the six months ended September 30, 2021, was HKD 60,690,000, up from HKD 51,785,000 in the same period last year, representing a growth of 21.9%[94] - The total comprehensive income for the six months ended September 30, 2021, was HKD 870,866,000, reflecting a substantial increase from the previous period[91] Expenses and Costs - Selling and distribution expenses increased by 36% to HKD 15,204,000, primarily due to higher promotional activity costs[15] - Administrative expenses rose to HKD 39,225,000 from HKD 30,844,000, mainly due to increased cemetery-related costs and employee benefits[16] - The cost of sold inventory decreased to HKD 39,197,000 from HKD 47,727,000, a reduction of 17.5%[109] - Employee benefits expenses (excluding directors and key management personnel) rose to HKD 17,818,000, an increase of 13.2% from HKD 15,736,000[109] - Financing costs totaled HKD 2,263,000, an increase of 18.3% compared to HKD 1,913,000 in the previous year[110] Assets and Liabilities - As of September 30, 2021, the group's net asset value was approximately HKD 961,201,000, an increase of about HKD 25,156,000 year-on-year[16] - Non-current assets totaled HKD 801,228,000 as of September 30, 2021, slightly up from HKD 800,141,000 as of March 31, 2021[83] - Current assets amounted to HKD 585,851,000, an increase from HKD 541,276,000 at the end of the previous fiscal year[83] - Total liabilities were HKD 425,078,000, compared to HKD 405,362,000 as of March 31, 2021, indicating a rise in financial obligations[84] - The company's equity increased to HKD 961,201,000 from HKD 936,045,000, reflecting a solid financial position[84] Cash and Cash Equivalents - The group had cash and cash equivalents of approximately HKD 302,875,000 as of September 30, 2021, compared to HKD 255,936,000 on March 31, 2021[17] - The total cash and cash equivalents at the end of the period increased to HKD 302,875,000, compared to HKD 235,802,000 at the end of the previous period, marking an increase of 28.5%[94] Shareholder Information - The company announced an interim dividend of HKD 0.009 per share for the six months ended September 30, 2021, up from HKD 0.008 per share for the same period in 2020, representing a 12.5% increase[47] - Master Point Overseas Limited holds a significant stake of 1,273,530,616 shares, representing 57.33% of the total issued shares as of September 30, 2021[55] - The total number of issued ordinary shares as of September 30, 2021, is 2,221,363,150[57] Employee Information - The group had 12 employees in Hong Kong and 302 employees in China as of September 30, 2021, down from 364 employees in China as of March 31, 2021, indicating a reduction of approximately 17%[22] - As of September 30, 2021, the total employee cost for the group was approximately HKD 20,248,000, compared to HKD 17,764,000 for the same period in 2020, reflecting an increase of about 8.3%[23] - The company’s employee benefits include stock option plans, which are granted at the discretion of the board based on performance evaluations[22] Corporate Governance - The company has complied with applicable codes of corporate governance, except for a deviation from code provision A.1.1[66] - The audit committee, consisting of three independent non-executive directors, reviewed the financial reporting procedures and internal controls[69] - There were no changes in director information that required disclosure under the listing rules during the six months ending September 30, 2021[65] Strategic Initiatives - The group continues to promote green burial practices and has organized various memorial activities, enhancing its social responsibility initiatives[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[76] - The company is exploring potential acquisitions to enhance its service offerings and market presence[167] - Research and development investment increased by 25% to support new technology initiatives[167] Future Outlook - The company provided a future outlook with a revenue guidance of 10% growth for the next fiscal year[167] - New product development includes the launch of two innovative services expected to contribute an additional 5% to revenue[167] - Market expansion plans include entering three new provinces in China by the end of 2022[167] - Customer satisfaction ratings improved to 85%, indicating a positive response to recent service enhancements[167] - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 15% in the next year[167]