Financial Performance - For the fiscal year ending March 31, 2023, the total revenue was HKD 3,081,697,000, a slight increase from HKD 3,075,013,000 in the previous year[29]. - The net profit for the year was HKD 386,173,000, down from HKD 549,102,000 in the prior year, representing a decrease of approximately 29.7%[10]. - Basic earnings per share from continuing operations was HKD 0.14, compared to HKD 0.09 in the previous year, indicating a growth of 55.6%[9]. - The gross profit margin decreased to 10.9% from 14.3% year-on-year, reflecting increased cost pressures[29]. - The group's revenue for the period from April 1, 2022, to March 22, 2023, was HKD 778,992,000, a decrease from HKD 938,421,000 in the previous year, representing a decline of approximately 17%[49]. - Gross profit for the same period was HKD 574,712,000, down from HKD 710,272,000, indicating a decrease of about 19%[49]. - Operating profit decreased to HKD 498,573,000 from HKD 664,793,000, reflecting a decline of approximately 25%[49]. - The net profit before tax was HKD 501,580,000, compared to HKD 675,375,000 in the previous year, representing a decrease of around 26%[49]. - The company reported a net profit attributable to equity holders from continuing operations of HKD 182,318,000, down 28.3% from HKD 254,273,000 in the previous year[91]. - Basic earnings per share from continuing operations decreased to 9.0 HK cents from 12.6 HK cents year-on-year[89]. - The group reported a total of HKD 203,855,000 in profit from discontinued operations, compared to HKD 294,829,000 in the previous year, indicating a decrease of about 31%[49]. Assets and Liabilities - Total assets amounted to HKD 2,550,779,000, a decrease from HKD 5,066,066,000 in the previous year[28]. - The company’s bank borrowings decreased to HKD 422,372,000 from HKD 738,434,000, indicating improved liquidity management[5]. - Cash and cash equivalents totaled HKD 159,445,000, down from HKD 441,548,000, indicating a reduction of approximately 64%[46]. - Trade and bills receivables were HKD 560,793,000, a decrease from HKD 608,194,000, reflecting a decline of about 8%[60]. - The net interest-bearing borrowings as of March 31, 2023, amounted to approximately HKD 502.66 million, with a net interest-bearing borrowings ratio of 54% compared to 18% on March 31, 2022[168]. Revenue Segments - The revenue from the Hong Kong segment was HKD 1,021,279,000, up from HKD 932,259,000, showing a growth of 9.5%[20]. - The company plans to expand its market presence in North America, where revenue increased to HKD 666,401,000 from HKD 579,823,000, a growth of 15%[20]. - The group's revenue from hardware and plastics for the year ended March 31, 2023, was HKD 1,918,774,000, showing a slight decrease from HKD 1,920,032,000 in the previous year[121]. - The electronic manufacturing services segment reported a revenue increase of about 1% to HKD 1,162,923,000 for the fiscal year ending March 31, 2023, compared to HKD 1,154,981,000 in the previous year[151]. Operational Challenges - The group faced challenges due to strict pandemic control measures, which increased logistics costs and affected the global supply chain, alongside rising raw material and energy costs due to the Russia-Ukraine conflict[122]. - The company reported a loss from investment property valuation of HKD 29,577,000, compared to a gain of HKD 1,967,000 in the previous year, indicating challenges in the real estate sector[29]. Cost Management and Efficiency - The group aims to optimize internal management systems to control costs, reduce inventory, and maintain healthy cash flow amidst rising operational and financial costs[125]. - The company aims to enhance internal production cost efficiency and diversify products while strengthening its business in mainland China and Southeast Asia[162]. - The company plans to implement localization of spare parts to reduce inventory and transportation costs while increasing production efficiency[166]. - The group has implemented lean production and is utilizing over 900 robotic arms across various production processes, enhancing efficiency and reducing costs[97]. Dividends and Shareholder Returns - The company announced an interim dividend of 4.0 HK cents per share, compared to 4.5 HK cents in the previous year[93]. - The company plans to propose a final dividend of 1.5 HK cents per share, down from 4.0 HK cents in the previous year[93]. - The proposed final dividend is HKD 0.015 per share, with total annual dividends amounting to HKD 0.055 per share, down from HKD 0.095 per share in the previous fiscal year[192]. Governance and Management - The company has established an audit committee consisting of one non-executive director and three independent non-executive directors[198]. - The audit committee is responsible for reviewing and supervising the company's financial reporting procedures and internal controls[198]. - The financial statements for the year ended March 31, 2023, have been reviewed and agreed upon by the company's auditor, KPMG[199]. - The board believes that having one person serve as both chairman and CEO provides strong and consistent leadership for the company[197]. - The company does not separate the roles of chairman and CEO, as the board is composed of experienced and capable individuals[197]. - The company has a sufficient number of independent non-executive directors to ensure a balanced distribution of power and authority[198]. - The board of directors includes experienced individuals with relevant industry expertise[198]. - The company has no plans to change the current governance structure regarding the roles of chairman and CEO[197].
嘉利国际(01050) - 2023 - 年度业绩