Environmental Impact - The total waste generated in FY2024 was 7,079,540 kg, an increase of 45.0% from 4,868,000 kg in FY2023[17] - Electricity consumption rose to 10,508,021 kWh in FY2024, up from 8,262,777 kWh in FY2023, representing a 27.0% increase[18] - The average energy intensity decreased to 13.85 kWh per HKD 1,000 revenue in FY2024 from 14.96 kWh in FY2023, a reduction of 7.4%[18] - The total gas consumption was 3,676,041 kWh in FY2024, up from 2,918,059 kWh in FY2023, indicating a 26.0% increase[18] - The company reported a total greenhouse gas emissions of 7.1 tons of CO2 equivalent in FY2024, with no specific targets set for emissions reduction[12] - The average waste disposal per operating day was 398.78 kg in FY2024, compared to 324.19 kg in FY2023, an increase of 23.0%[17] Supplier and Procurement - The number of major suppliers (accounting for 80% of total procurement) increased to 64 in FY2024, up from 53 in FY2023, which is a 20.8% increase[30] - The total number of suppliers increased to 316 in FY2024, compared to 279 in FY2023, reflecting a 13.3% growth[30] - The company has a rigorous supplier selection process, ensuring that new suppliers meet quality and cost standards before approval[58] - The company does not establish long-term agreements with suppliers, aligning with industry practices in Hong Kong[58] Training and Employee Engagement - The company provided a total of 5,642 training hours in FY2024, compared to 3,584.5 hours in FY2023, marking a 57.3% increase in training hours[28] - The company maintained a 100% training participation rate for employees in FY2024, consistent with FY2023[28] Financial Performance - The company reported a net profit of HKD 90,458,000 for the year ending March 31, 2023, compared to HKD 68,567,000 in the previous year, indicating a year-over-year increase of approximately 32%[78] - Total comprehensive income for the year was HKD 89,625,000, which includes other comprehensive expenses of HKD 1,025,000[78] - The company declared dividends amounting to HKD 40,520,000 during the reporting period, reflecting a significant cash outflow[78] - As of March 31, 2024, total equity is projected to increase to HKD 239,344,000, driven by anticipated growth in retained earnings[78] Corporate Governance and Compliance - The company emphasizes the importance of fair disclosure to enhance corporate governance and build market confidence[55] - The company has established procedures for insider information disclosure and has formed a task force to assess the necessity of disclosing insider information[175] - The board confirmed compliance with the GEM Listing Rules regarding securities trading throughout the fiscal year ending March 31, 2024[177] - The company has a compliance committee responsible for reviewing and reporting on sustainability standards and goals[171] Community Engagement and Social Responsibility - The company is committed to improving community welfare and encourages employees to participate in charitable activities[62] - The company has engaged stakeholders formally and informally to better understand their opinions and expectations[172] Cash Flow and Financing Activities - The group reported a net cash increase of HKD 24,964 thousand for the year ending March 31, 2024, compared to HKD 54,642 thousand in the previous year[104] - Cash and cash equivalents at the end of the year amounted to HKD 142,973 thousand, up from HKD 118,720 thousand at the beginning of the year[104] - The group incurred a net cash outflow from investing activities of HKD 96,717 thousand, compared to HKD 65,032 thousand in the previous year[104] - The group recognized government subsidies as deferred income, which will be transferred to profit or loss systematically over the useful life of the related assets[98] Business Operations - The group operates a total of 55 full-service restaurants as of March 31, 2024, strategically located in prime areas of Hong Kong and Shanghai[139] - The group targets mid to high-end customer segments with a diverse menu including Southeast Asian, Chinese, Japanese, and Western cuisines[139] - The group has expanded its restaurant network continuously since the opening of its first restaurant in December 2007[139] Accounting and Financial Reporting - The company has applied new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position or performance for the year[84] - The group continues to assess the impact of new accounting policies on its financial statements, ensuring compliance with the latest standards[84] - The group measures expected credit losses equivalent to 12 months unless there is a significant increase in credit risk since initial recognition[188] - The group recognizes lease liabilities at the present value of unpaid lease payments at the lease commencement date, using the incremental borrowing rate if the implicit rate is not determinable[118] Assets and Liabilities - Non-current liabilities increased to HKD 356,624 thousand in 2024 from HKD 303,747 thousand in 2023, representing a growth of 17.4%[47] - The net asset value rose to HKD 239,344 thousand in 2024, up from HKD 189,957 thousand in 2023, indicating a significant increase of 26.0%[47] - Total equity increased to HKD 239,344 thousand in 2024, compared to HKD 189,957 thousand in 2023, reflecting a growth of 26.0%[47] - Deferred tax liabilities rose to HKD 4,224 thousand in 2024, up from HKD 2,171 thousand in 2023, which is an increase of 94.5%[47]
尝高美集团(08371) - 2024 - 年度财报