Revenue Performance - Revenue for the year ended March 31, 2024, was approximately HKD 65.48 million, an increase of about 18.44% compared to HKD 55.29 million in the previous year[4] - Revenue from electronic products and accessories for the year 2024 was HKD 35,203,000, compared to HKD 26,487,000 in 2023, representing a growth of 32.5%[18] - Revenue from restaurant operations for the year 2024 was HKD 30,275,000, up from HKD 28,798,000 in 2023, indicating an increase of 5.2%[18] - Total revenue from customer contracts reached HKD 65,478,000 in 2024, compared to HKD 55,285,000 in 2023, reflecting a growth of 18.5%[18] - Revenue from major products and services increased from HKD 55,285,000 in 2023 to HKD 65,478,000 in 2024[33] - Revenue from Hong Kong customers was HKD 33,897,000 for the fiscal year ending March 31, 2024, compared to HKD 30,511,000 in 2023[34] Profit and Loss - The company reported a loss attributable to shareholders of approximately HKD 9.44 million, compared to a loss of about HKD 14.46 million in the previous year[4] - Basic and diluted loss per share for the year was approximately HKD 1.46, compared to HKD 3.57 in the previous year[4] - The company reported a comprehensive loss of HKD 10,903,000 for the year, compared to a loss of HKD 14,464,000 in the previous year, indicating an improvement of about 24%[7] - The total loss before tax for the year 2024 was HKD 9,358,000, compared to a loss of HKD 14,968,000 in 2023, showing an improvement of 37.5%[24][26] - The pre-tax loss for 2024 was reported at HKD 22,570,000, a decrease from HKD 23,738,000 in 2023, indicating a reduction in losses[41] Assets and Liabilities - As of March 31, 2024, total assets decreased slightly to HKD 56,285,000 from HKD 56,444,000 in the previous year, reflecting a decrease of approximately 0.28%[6] - The company's net current assets amounted to HKD 22,197,000, down from HKD 28,454,000, indicating a decline of about 22%[6] - The total assets of the group as of March 31, 2024, amounted to HKD 73,911,000, compared to HKD 67,907,000 as of March 31, 2023[27][28] - The total liabilities of the group as of March 31, 2024, were HKD 20,936,000, a decrease from HKD 15,626,000 in 2023[27][28] - Trade payables for the year 2024 were HKD 5,052,000, compared to HKD 1,744,000 for 2023, showing an increase in liabilities[52] Equity and Capital - The total equity increased to HKD 52,975,000 from HKD 52,281,000, representing a growth of approximately 1.33%[7] - The company’s share capital increased to HKD 33,321,000 from HKD 29,743,000, reflecting an increase of approximately 11%[7] - The company's total issued and paid-up capital as of April 1, 2023, was HKD 29,743,000, with a total of 594,860,000 shares[54] Operational Efficiency and Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[9] - The company has engaged in strategic initiatives to enhance operational efficiency and reduce costs[9] - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[9] - The company plans to expand its EMS business to international customers, particularly targeting the Chinese market for consumer electronic products, recognizing its significant potential[64] - The company aims to increase its market share through enhanced marketing activities and the design and development of new electronic products to attract new customers[57] - The group plans to launch two to three new lighting security system controllers, power management boards, and related products in 2024[65] Financial Management - The group has maintained a strong financial position with prudent financial management policies[67] - The company has not recognized any taxable profits for the two years due to its registration in the Cayman Islands and the British Virgin Islands[44] - The tax rate for qualifying group entities in Hong Kong is 8.25% on the first HKD 2,000,000 of profits and 16.5% on profits exceeding that amount[45] Employee Costs - Total employee costs for 2024 were HKD 23,955,000, compared to HKD 25,046,000 in 2023, reflecting a decrease of approximately 4.4%[42] - Total employee costs, including director remuneration, are approximately HKD 25.05 million for the year ending March 31, 2024, up from HKD 23.96 million in 2023[77] Compliance and Governance - The board of directors includes Mr. Lau Hin Yi, Ms. Cheng Yeung Hung, Mr. Tansri Saridju Benui, and Ms. Chan Wan Shan[84] - The announcement complies with GEM listing rules and confirms the accuracy and completeness of the information provided[85] - The publication will be available on the Hong Kong Stock Exchange website and the company's website[86]
毅高国际控股(08218) - 2024 - 年度业绩