Financial Performance - Revenue for the year ended March 31, 2024, was HKD 127.7 million, representing a 14.7% increase from HKD 111.3 million in 2023[8] - Gross profit increased to HKD 62.2 million, up 32.9% from HKD 46.8 million in the previous year[8] - Operating profit rose by 62.2% to HKD 37.8 million, compared to HKD 23.3 million in 2023[8] - Profit before tax increased by 61.8% to HKD 37.7 million, up from HKD 23.3 million in the prior year[8] - Net profit for the year was HKD 31.6 million, a 61.2% increase from HKD 19.6 million in 2023[8] - Total current assets as of March 31, 2024, were HKD 127.2 million, reflecting a 14.8% increase from HKD 110.8 million in 2023[8] - Total assets increased by 8.4% to HKD 157.5 million, compared to HKD 145.3 million in the previous year[8] - The total equity increased to HKD 142.5 million, a 14.0% rise from HKD 125.0 million in 2023[8] - Basic and diluted earnings per share for the year were HKD 6.51, up 61.9% from HKD 4.02 in 2023[8] Revenue Breakdown - Revenue from the sale of electronic payment terminals and related equipment was approximately HKD 40.0 million for the fiscal year ending March 31, 2024, a decrease of about 5.2% from HKD 42.2 million in the previous year[26] - Revenue from system support and software solution services increased by approximately 26.9%, reaching HKD 87.7 million compared to HKD 69.1 million in the previous year[26] Operational Expansion - The company continues to enhance its electronic payment solutions and expand its service offerings, including the introduction of a comprehensive payment solution system for various industries[12] - The company is actively expanding into overseas smart city projects, providing hardware, software technology, and electronic wallet gateway services in various countries, including Southeast Asia[16] - The company aims to leverage big data to enhance consumer insights and market trends, thereby offering more precise and personalized payment solutions[16] - The company plans to integrate artificial intelligence (AI) with its technology to enhance the security and transparency of electronic payment transactions[15] Employee and Operational Costs - Employee costs for the year ended March 31, 2024, were approximately HKD 28.7 million, an increase of about 16.2% from HKD 24.7 million in 2023, primarily due to increased salaries and headcount[34] - Other selling and administrative expenses (excluding employee costs) amounted to approximately HKD 19.3 million for the year ended March 31, 2024, up 16.3% from HKD 16.6 million in 2023, driven by higher depreciation and professional fees[35] - Financing costs increased to approximately HKD 0.04 million for the year ended March 31, 2024, compared to HKD 0.01 million in 2023, mainly due to interest on long-term liabilities[36] Corporate Governance - The company emphasizes high standards of corporate governance, focusing on a high-quality board, sound risk management, and transparency to enhance corporate value[67] - The board has established an audit committee, nomination committee, and remuneration committee, adhering to the principles of the GEM Listing Rules[68] - The company has deviated from the corporate governance code by having the same individual serve as both chairman and CEO, which the board believes enhances stable leadership[68] - The board consists of one executive director, two non-executive directors, and three independent non-executive directors, ensuring a balanced governance structure[72] - The company has adopted a code of conduct for securities trading by directors, confirming no violations were known for the fiscal year ending March 31, 2024[70] Related Party Transactions - The group has entered into several related party transactions with the controlling shareholder and associated parties, with a total actual amount of HKD 846,000 for warehouse, maintenance center, and office rentals[162] - The total annual cap for transactions with related parties is set at HKD 2,490,000, indicating a significant portion of the cap has been utilized[162] - The company has established a series of agreements with related parties based on fair negotiations considering current market prices[165] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report covers the fiscal year from April 1, 2023, to March 31, 2024, focusing on the procurement of electronic payment terminals and related services[186] - The company aims to be recognized as a responsible information technology and payment solutions provider, integrating ESG factors across all operations[187] - The board is responsible for overseeing the implementation of ESG strategies and managing related risks[188] Employee Statistics - As of March 31, 2024, the company had a total of 78 employees and 21 contractors, with a monthly employee turnover rate of 0.71%[198] - The monthly turnover rate in Hong Kong decreased from 1.69% in 2023 to 0.71% in 2024, indicating improved employee retention[199] - The company emphasizes equal opportunities in hiring, compensation, and promotion, with a strict policy against discrimination and harassment[200]
俊盟国际(08062) - 2024 - 年度财报