Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 130,181,000, a decrease of 17.6% compared to HKD 157,844,000 in the previous year[3] - The company incurred a loss before tax of HKD 14,351,000, compared to a profit of HKD 6,884,000 in the previous year, indicating a significant decline in profitability[3] - The net loss attributable to equity shareholders for the year was HKD 12,882,000, a stark contrast to the profit of HKD 5,739,000 reported in the previous year[4] - Basic and diluted loss per share was HKD 1.23, compared to earnings of HKD 0.55 per share in the previous year[4] - The company reported a total comprehensive loss of HKD 22,023,000 for the year, compared to a comprehensive income of HKD 9,495,000 in the previous year[3] - The group reported a loss of approximately HKD 14,328,000 for the year ended March 31, 2024, compared to a profit of about HKD 5,240,000 for the previous year, primarily due to a decline in gross profit and increased impairment of intangible assets[72] Revenue Breakdown - Revenue from video conferencing and multimedia solutions services was HKD 104,613,000, down from HKD 122,419,000, representing a decline of 14.6%[19] - Revenue from cloud IT+OT management services totaled HKD 8,305,000, compared to HKD 15,037,000 in the previous year, reflecting a decrease of 44.8%[19] - Revenue from Hong Kong decreased to HKD 118,622 thousand in 2024 from HKD 139,075 thousand in 2023, a decline of about 14.7%[28] - The group's revenue decreased by approximately 17.5% from about HKD 157,844,000 for the year ended March 31, 2023, to about HKD 130,181,000 for the year ended March 31, 2024[63] - Revenue from video conferencing and multimedia solutions decreased by approximately 14.5% from about HKD 122,419,000 to about HKD 104,613,000, primarily due to market competition and a reduction in completed projects and orders[64] Assets and Liabilities - Total assets decreased to HKD 240,161,000 from HKD 259,158,000, reflecting a decline of approximately 7.3%[6] - The company's total equity decreased to HKD 140,774,000 from HKD 180,495,000, a reduction of 22.0%[6] - Total liabilities decreased to HKD 49,373 thousand in 2024 from HKD 55,663 thousand in 2023, a reduction of approximately 11.3%[25] - The group's trade receivables and contract assets net amount as of March 31, 2024, is approximately HKD 39,496,000, down from HKD 49,616,000 in 2023, indicating a decrease of about 20.5%[44] Cash Flow and Financing - The company's cash and cash equivalents decreased to HKD 35,819,000 from HKD 49,437,000, a reduction of 27.5%[6] - The financing costs rose to HKD 1,037 thousand in 2024 from HKD 710 thousand in 2023, an increase of approximately 46%[30] - The group’s bank borrowings amounted to HKD 14,335,000 in 2024, down from HKD 18,431,000 in 2023, showing a decrease of approximately 22.3%[47] Operational Metrics - The segment performance for video conferencing and multimedia solutions showed a significant drop in profit, with a loss of HKD 9,641 thousand in 2024 compared to a profit of HKD 25,530 thousand in 2023[22] - Operating profit decreased by approximately 23.6% from about HKD 60,345,000 to about HKD 46,108,000, with the operating profit margin declining from approximately 38.2% to 35.4%[65] - Employee costs decreased by approximately 2.1% from about HKD 41,394,000 to about HKD 40,534,000, mainly due to a decline in sales performance and reduced sales commissions[66] Investments and Commitments - The group's investment in Changzhou Guoyun's 4% equity stake involved a total commitment of RMB 7,000,000 (approximately HKD 8,586,000), which has been fully paid[37] - The group has not entered into any further agreements to convert shareholder loans into paid-up capital for Changzhou Guoyun as of the announcement date[41] - As of March 31, 2024, the group has no significant capital commitments, consistent with 2023[79] Governance and Compliance - The audit committee has reviewed the audited annual results for the year ended March 31, 2024, ensuring effective risk management and internal control systems are in place[102] - The company is committed to maintaining reliable financial records and effective internal controls as part of its governance practices[102] - The group has established systems and allocated resources to ensure compliance with relevant laws and regulations, with no significant violations reported during the review year[85] Future Outlook - The company maintained its market position as a leading provider of video conferencing and multimedia solutions in Hong Kong, despite revenue declines due to increased competition and economic conditions[59][60] - The company experienced delays in cloud IT+OT management service projects due to slower-than-expected economic recovery in China[61]
超智能控股(01402) - 2024 - 年度业绩