Financial Performance - Regina Miracle reported annual results for the year ended March 31, 2019, with comparative figures for the previous year 2018[9]. - Revenue for the fiscal year ended March 31, 2019, was HK$6,263,280, representing a 6.7% increase from HK$5,868,048 in the previous year[10]. - Profit attributable to owners of the Company increased by 17.6% to HK$282,438 from HK$240,188[10]. - Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 22.3% to HK$745,856 compared to HK$609,791 in the prior year[10]. - Gross profit margin improved to 21.4%, up 0.4 percentage points from 21.0%[10]. - Net profit margin increased to 4.5%, reflecting a 0.4 percentage point rise from 4.1%[10]. - The overall gross profit increased from HK$1,233.9 million in Fiscal 2018 to HK$1,341.9 million in Fiscal 2019, with a gross profit margin of 21.4% compared to 21.0% in Fiscal 2018[53]. - The Group's net profit increased by 17.6% from HK$240.2 million in Fiscal 2018 to HK$282.4 million in Fiscal 2019, with a net profit margin rising from 4.1% to 4.5%[65]. - The Group's total revenue increased by 6.7% from HK$5,868.0 million in Fiscal 2018 to HK$6,263.3 million in Fiscal 2019[46]. Production and Operations - The company operates under an innovative design manufacturer (IDM) business model, providing a diverse range of intimate wear and functional sports products[3]. - The Group has two main production bases: R&D and production in Shenzhen, China, and an important production base in Vietnam since 2016[3]. - The third facility in Vietnam commenced operations during the year, contributing to business growth despite global trade challenges[13]. - The Group aims to optimize overall management and enhance production capacity in existing and upcoming facilities over the next three years, without additional funding for new facilities in 2019 and 2020[21]. - The new facility in Hung Yen Province, Vietnam, will utilize seamless knitting technology with a total area of approximately 60,000 square meters and an annual production capacity of about 10 million pieces, expected to be operational in the second half of 2020[20]. - The Group's production bases in Shenzhen and Vietnam are being strategically adjusted to meet changing sourcing strategies of brand partners due to macroeconomic conditions[31]. - The Group's factories in Vietnam are enhancing automation to improve productivity, with Factory D and E expected to come into full operation in June and September 2019, respectively[20]. - The Group plans to increase automation in its Vietnam factories to develop a dynamic and efficient production hub[42]. Market Strategy and Growth - The company aims to expand its market presence and enhance production capacity to meet growing demand[5]. - Future outlook includes the development of new products and technologies to strengthen competitive advantage in the intimate wear market[5]. - The board emphasizes the importance of strategic partnerships with world-renowned brand partners to drive growth[5]. - The company focused on optimizing its brand and product portfolio to achieve a balanced and healthy growth strategy[32]. - Revenue from functional sports products surged by 39.5% to HK$857.8 million, representing 13.7% of total revenue[37]. - The company has expanded its user base, reaching 1.2 million active customers, representing a 20% increase compared to the previous year[89]. - Future outlook indicates a projected revenue growth of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[90]. - Regina Miracle International plans to enter two new international markets by the end of the fiscal year, aiming for a 25% increase in global market share[92]. Corporate Governance and Social Responsibility - Regina Miracle is committed to maintaining high standards of corporate governance and social responsibility[5]. - The Group has received multiple awards for its investor relations and ESG reporting, affirming its commitment to corporate governance and sustainable development[22][23]. - The Company emphasizes good corporate governance practices to enhance shareholders' value and ensure effective management[166]. - The Board is satisfied that the company has complied with all code provisions of the Corporate Governance Code for the year ended March 31, 2019[167]. - The Group is committed to managing the environmental and social impacts of its operations while driving economic growth[26]. - The management team has emphasized a focus on sustainability, aiming for a 50% reduction in carbon footprint by 2025[88]. Financial Management and Investments - Net cash generated from operating activities was HK$563.2 million in Fiscal 2019, up from HK$466.2 million in Fiscal 2018[70]. - Net cash used in investing activities rose to HK$1,230.6 million in Fiscal 2019 from HK$979.7 million in Fiscal 2018, with approximately HK$1,090.4 million invested in new property, plant, and equipment in Vietnam[71]. - The Group's current ratio improved to 1.2 times as of March 31, 2019, compared to 1.0 times as of March 31, 2018[66]. - Net debt increased to HK$2,557.7 million as of March 31, 2019, from HK$1,700.2 million as of March 31, 2018, mainly due to capital expenditures in Vietnam[66]. - The gearing ratio as of March 31, 2019, was 87.5%, up from 59.3% in the previous year[66]. - Total capital expenditures for Fiscal 2019 amounted to approximately HK$1,210.5 million, an increase of 6.2% from HK$1,140.0 million in Fiscal 2018, primarily for the construction of production lines and factories in Hai Phong, Vietnam[74]. Management and Leadership - The management team is committed to driving growth and profitability through effective operational strategies and market expansion initiatives[109]. - The Group's management team includes professionals with extensive backgrounds in finance, engineering, and product development, enhancing operational efficiency[108]. - The Company has a strong focus on research and development, with multiple patents in intimate wear design and technology[102]. - The Company has adopted a Board diversity policy to enhance effectiveness and maintain high standards of corporate governance[184]. - The Board currently consists of eight Directors, including five executive Directors and three independent non-executive Directors, ensuring a strong independence element in its composition[176].