Financial Performance - The total revenue for the fiscal year ending March 31, 2024, decreased by approximately 3.05% to about HKD 116,130,000 from HKD 119,780,000 for the previous year[5] - The group recorded a profit of approximately HKD 3,170,000 for the fiscal year ending March 31, 2024, compared to a loss of approximately HKD 5,900,000 for the previous year[6] - The total comprehensive income attributable to owners of the company for the fiscal year ending March 31, 2024, was HKD 3,504,000, compared to a loss of HKD 5,520,000 for the previous year[9] - Basic and diluted earnings per share for the fiscal year ending March 31, 2024, were HKD 1.90, compared to a loss of HKD 3.54 for the previous year[9] - The group reported a pre-tax profit of HKD 3,167,000 for the year ended March 31, 2024, compared to a pre-tax loss of HKD 5,818,000 in the previous year[27] - The group reported a profit attributable to owners of approximately HKD 3,170,000, compared to a loss of HKD 5,900,000 in the previous year[91] - Earnings per share for the year were HKD 1.90, recovering from a loss per share of HKD 3.54 in the previous year[91] Revenue Breakdown - The group experienced a decrease in revenue from social media management and digital advertising services, partially offset by an increase in revenue from creative and technology services[5] - Revenue from digital advertising services was HKD 9,077,000, down 3.5% from HKD 9,405,000[27] - Revenue from social media management services decreased by 14.1% to HKD 28,325,000 from HKD 33,002,000[27] - Revenue from creative and technology services increased by 1.8% to HKD 78,727,000 from HKD 77,373,000[27] - Revenue recognized at a point in time increased significantly to HKD 3,234,000 from HKD 1,524,000[24] - Revenue recognized over time decreased to HKD 112,895,000 from HKD 118,256,000[24] Cost Management - The administrative expenses decreased significantly from HKD 25,782,000 to HKD 18,627,000, reflecting effective cost control measures[9] - The company continues to execute cost control policies, resulting in reduced employee costs and marketing-related expenses[8] - The reduction in losses was primarily due to continued cost control measures and a decrease in marketing-related expenses[91] Assets and Liabilities - Non-current assets increased to HKD 5,728 million in 2024 from HKD 3,115 million in 2023, representing an increase of 83.5%[10] - Current assets rose to HKD 62,304 million in 2024, up from HKD 58,083 million in 2023, reflecting a growth of 4.1%[10] - Total liabilities decreased slightly to HKD 40,263 million in 2024 from HKD 40,923 million in 2023, a reduction of 1.6%[10] - Total equity increased significantly to HKD 25,672 million in 2024, compared to HKD 20,019 million in 2023, marking a growth of 28.4%[12] - Trade receivables surged to HKD 34,535 million in 2024, compared to HKD 12 million in 2023, indicating a substantial increase[10] - Cash and cash equivalents rose to HKD 20,958 million in 2024 from HKD 18,491 million in 2023, an increase of 8.0%[10] Corporate Governance - The board of directors consists of five executive directors and three independent non-executive directors, ensuring adequate checks and balances to protect the interests of the company and its shareholders[97] - The audit committee, composed of three independent non-executive directors, has reviewed the company's annual performance for the year[99] - The company has adhered to the corporate governance code, except for specific provisions regarding the separation of the roles of chairman and CEO[97] - The audit committee's written terms of reference were established in accordance with GEM listing rules and corporate governance code provisions[99] Future Outlook and Strategy - The company has expanded its digital media services and marketing services as part of its core business strategy[14] - The group anticipates challenges in the advertising industry due to rising labor costs and increased market competition driven by advancements in artificial intelligence technology[53] - The group continues to focus on enhancing services and products to adapt to changes in technology and consumer preferences[57] - The company plans to continue monitoring foreign currency risks and will consider hedging significant foreign currency exposures as necessary[72] Dividends and Share Capital - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024, consistent with the previous year[7] - The company did not declare any dividends for the fiscal years ending March 31, 2024, and 2023[38] - The company’s issued share capital as of March 31, 2024, was HKD 16,672,000, with 166,720,000 shares issued, maintaining the same capital structure as the previous year[74] - The company plans to implement a capital reorganization and rights issue, which was approved by shareholders at a special meeting on April 24, 2024[100] Regulatory Compliance - The group is currently evaluating the impact of revised regulations on long-term service obligations[21] - The company does not expect the adoption of new and revised Hong Kong Financial Reporting Standards to have a significant impact on its performance and financial position[23] - The group has not early adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[22]
国恩控股(08121) - 2024 - 年度业绩