Revenue and Profitability - Revenue for the year ended March 31, 2024, was HKD 666.0 million, an increase of 17.2% from HKD 568.5 million in 2023[2] - Gross profit for the same period was HKD 115.2 million, with a gross margin of 17.3%, slightly down from 17.7% in the previous year[2] - Normalized profit for the year was HKD 46.4 million, representing a normalized net profit margin of 7.0%, up from 6.2% in 2023[2] - The company reported a total comprehensive income of HKD 45.3 million for the year, compared to HKD 36.0 million in 2023[3] - The profit attributable to the company's owners for the year was HKD 46,378,000, compared to HKD 37,147,000 in the previous year, representing a growth of approximately 25.5%[30] - Net profit increased to approximately HKD 46.4 million, a rise of 24.8% from HKD 37.1 million in the previous year[75] - The total revenue for the year was HKD 666,037,000, compared to HKD 568,490,000 in the previous year, marking a growth of about 17.2%[51] Revenue Breakdown - Revenue from structural engineering work for the year ended March 31, 2024, was HKD 616,541,000, an increase of 18.3% from HKD 521,065,000 in the previous year[51] - Revenue from the supply and installation of building materials was HKD 26,938,000, down from HKD 42,587,000, reflecting a decline of approximately 36.8%[51] Dividends - The proposed final dividend per ordinary share is HKD 0.04, up from HKD 0.03 in the previous year, representing a 33.3% increase[57] - The total proposed special dividend is HKD 22,277,000, with no special dividend proposed in the previous year[57] - The board proposed a final dividend of HKD 0.04 per share and a special dividend of HKD 0.04 per share, totaling HKD 22.3 million for each, compared to HKD 16.7 million in the previous fiscal year[129] - The company declared a final dividend of 4.0 HK cents per share for the fiscal year ending March 31, 2024, compared to 3.0 HK cents in the previous year, totaling 22,277,000 HKD[195] Financial Position - The net asset value increased to HKD 292.4 million from HKD 263.8 million year-on-year[4] - The company's current liabilities as of March 31, 2024, were HKD 5,306,000, a decrease from HKD 5,489,000 in the previous year[63] - Current assets as of March 31, 2024, were approximately HKD 506.7 million, a 6.1% increase from HKD 477.4 million[103] - The total assets as of March 31, 2024, were HKD 526.6 million, compared to HKD 498.0 million in the previous year[133] - The total assets of the group amounted to 526,633,000 HKD as of March 31, 2024, compared to 497,976,000 HKD in 2023[185] - As of March 31, 2024, the group had a net current asset value of approximately HKD 276.6 million, an increase from HKD 246.7 million as of March 31, 2023[109] - The total liabilities remained stable at HKD 230,087 thousand, slightly down from HKD 230,716 thousand, indicating a decrease of 0.3%[146] Costs and Expenses - The company's administrative and other operating expenses for the year were HKD 52,346,000, reflecting the operational cost structure[46] - Administrative and other operating expenses decreased to approximately HKD 50.1 million from HKD 52.6 million in the previous year[106] - The group recorded financial costs rose to approximately HKD 3.5 million, an increase of 64.1% from HKD 2.1 million, primarily due to higher bank borrowing rates[74] - Employee costs increased to HKD 80,050 thousand from HKD 73,137 thousand, reflecting a rise of 9.4% year-over-year[166] Cash Flow and Financing - The net cash inflow from operating activities for the year was approximately HKD 109.5 million, indicating strong financial stability[121] - The group had total available bank financing of approximately HKD 256.0 million, with HKD 246.7 million unutilized and available for use[77] - The bank borrowings interest rates ranged from 5.6% to 9.3% as of March 31, 2024, compared to 2.2% to 8.9% in the previous year, indicating an increase in borrowing costs[64] Impairment and Risk - The impairment loss provision increased significantly to HKD 8,794,000 in 2024 from HKD 577,000 in 2023, indicating a substantial rise in financial risk[198] - The total impairment loss provision at the end of the reporting period reached HKD 10,435,000 in 2024, up from HKD 1,641,000 in 2023, reflecting a significant increase[198] - The impairment loss provision for trade payables rose to HKD 2,352,000 in 2024 from HKD 791,000 in 2023, showing a notable increase in credit risk associated with suppliers[199] - The total impairment loss provision for trade payables at the end of the reporting period was HKD 5,215,000 in 2024, compared to HKD 2,863,000 in 2023, indicating a growing concern over receivables[199] Governance and Compliance - The board emphasized the importance of corporate governance to enhance accountability and protect shareholder interests[127] - The company is evaluating the potential impact of new accounting standards on its performance and financial position for the upcoming fiscal year[180] Other Notable Points - The company recognized other income of HKD 60,000, primarily from government subsidies related to maternity leave[25] - The company did not engage in any acquisitions or disposals of subsidiaries or fixed assets during the year[80] - The company did not engage in any hedging activities during the year, focusing on managing foreign currency risks[123] - The company did not receive any government subsidies under the "Employment Support Scheme" for the fiscal year ending March 31, 2024, compared to 2,064,000 HKD in 2023[190]
应力控股(02663) - 2024 - 年度业绩