Share Structure and Capital - The company has issued a total of 1,991,833,200 shares, with approximately 25.36% held by the public as of June 30, 2019[24]. - The authorized capital of the company is HK$400,000,000, with issued capital also at HK$199,183,320 as of March 31, 2019[21]. - The total number of registered shareholders is 854, with individuals and institutions holding 77.98% of the shares[26]. - The shareholding structure indicates that public shareholding represents 100% excluding major shareholders and directors[26]. - The company repurchased 622,000 shares that have not been cancelled[29]. Financial Performance - The financial year ended on March 31, 2019, with results announced on June 26, 2019[12]. - The revenue for the year 2019 was HK$221 million[39]. - For the year ended March 31, 2019, the Group's revenue was HK$2,651 million, a decrease of approximately 9% compared to HK$2,920 million for the previous year[61]. - Profit attributable to equity shareholders increased by approximately 21% to HK$221 million from HK$182 million in the previous year[61]. - Revenue from the Industrial Businesses decreased by approximately 16% to HK$2,425 million compared to HK$2,871 million in the previous year[62]. - Operating profit for the Industrial Businesses declined by approximately 20% to HK$208 million from HK$260 million in the previous year[62]. - The gross profit margin for continuing operations was 16.6%, an increase of 14% compared to the previous year[51]. - The net profit margin for continuing operations was 8.4%, an increase of 12% compared to the previous year[51]. - The current ratio improved to 2.2, a 22% increase from the previous year[51]. - The quick ratio increased to 1.7, a 21% increase compared to the previous year[51]. - The net gearing ratio was 34.0%, reflecting a 14% increase from the previous year[51]. - Total cash dividends per share were HK$0.6, unchanged from the previous year[51]. - Total dividends for the year amount to HK8.0 cents per share, down from HK8.9 cents per share in the previous year, with a payout ratio of 72%[170]. Business Operations and Strategy - The company operates in multiple sectors, including Metal and Plastic Business, Electronics Manufacturing Services, and Real Estate[47]. - The company aims to build a centennial enterprise, emphasizing robust adaptability, diversified development, and strong commitment to core values[3]. - The Group has secured orders from existing clients for new-generation server casing projects until 2022, indicating a strong client base and product demand[76]. - The Group's established policy of increasing automation capacity has led to enhanced production efficiency and reduced labor costs, with significant improvements in operational processes[78]. - The Group aims to enhance its human resource management through key performance indicators and talent evaluation mechanisms to support business development needs[85]. - The Group's diversified approach in product delivery mitigates reliance on a single market, enhancing overall business resilience[118]. - The Group is committed to sustainable development and maximizing shareholder profits through continuous innovation and adaptation to market trends[128]. Real Estate Development - The Real Estate Business recorded a revenue of HK$225,708,000 for the year, a significant increase from HK$48,540,000 for the year ended 31 March 2018, primarily due to the delivery of units from Phase 3 of Castfast Villas and the sale of Area B[65]. - Operating profit for the Real Estate Business surged to HK$107,772,000, compared to HK$3,665,000 for the previous year, indicating a strong profit contribution as the business begins to reap its harvest[67]. - The construction of Phase 3 of Castfast Villas has been completed, with a total saleable floor area of approximately 61,000 square meters and over 600 units, of which approximately 170 units have been delivered[84]. - The average selling price for the delivered units was approximately RMB24,000 per square meter, with pre-sales of approximately 300 units at an average price of RMB26,500 per square meter[84]. - The remaining pre-sold units in Castfast Villas Phase 3 account for over 28,000 square meters, with an average selling price of approximately RMB26,500 per square meter[88]. - The construction of the basement for the Castfast Villas Phases 4 and 5 project has been completed, with pre-sale expected to begin at the end of 2019[96]. - The residential project Castfast Garden in Boluo County has a floor area of approximately 30,000 square meters, with basement work underway and pre-sale expected to commence by the end of 2019[100]. - The real estate business has shown strong performance, with all 47 units of the Karrie International Holdings Limited's Castfast Villas B Zone sold and recognized in revenue[117]. - The Group's real estate projects are progressing as planned, contributing to an upward trend in profitability and diversifying the Group's income sources[117]. Corporate Governance - The company has committed to high standards of corporate governance to enhance corporate value and accountability[188]. - The roles of Chairman and Chief Executive Officer are held by the same individual, Mr. Ho Cheuk Fai, to provide strong leadership[192]. - The company has complied with the Corporate Governance Code, with some deviations noted in specific provisions[189]. - The Company has not established a nomination committee, delegating its functions to the Board instead[199]. - The Board is responsible for reviewing its own structure, size, and composition annually according to the board diversity policy[199]. - The Board evaluates the re-appointment of Directors and assesses the independence of independent non-executive Directors[199]. - Measures are in place to avoid conflicts of interest, with relevant Directors abstaining from voting on their own re-appointments[199]. - The Board believes its members possess the necessary experience and knowledge to fulfill the functions of a nomination committee[199]. - The Company aims to achieve high standards of corporate governance through ongoing reviews of its practices[200]. Employee Management and Development - The average number of employees during the year was approximately 3,360, a decrease from 3,910 in the corresponding period last year, indicating potential challenges in workforce management[160]. - The Group has established a "Cooperative Home & Car Ownership Scheme" to retain talent in the competitive labor market[162]. - The performance-based bonus system has been adopted, resulting in higher bonuses for outstanding employees compared to the previous system[163]. - The Group's employee benefits include medical insurance and a mandatory provident fund[165]. - The Group emphasizes talent development to enhance staff technical capabilities and adaptability in a rapidly changing business environment[121].
嘉利国际(01050) - 2019 - 年度财报