Financial Performance - The group reported a pre-tax loss of HKD 175,293,000 for the year[1]. - For the fiscal year ending March 31, 2024, the total revenue was HK$177,192,000, an increase from HK$147,353,000 in the previous year, representing a growth of approximately 20.2%[56]. - The company reported a basic loss per share of HK$0.30 for the year, compared to a loss of HK$0.46 in the previous year[66]. - The loss attributable to shareholders decreased by 35% to HKD 122,649,000 from HKD 188,289,000 in the prior year[116]. - The pre-tax core profit, excluding fair value losses on investment properties, increased by 165% to HKD 96,986,000 from HKD 36,547,000[116]. - The net cash flow from operating activities increased by 57% to HKD 124,735,000, compared to HKD 79,294,000 in the previous year[160]. Revenue and Income - Financial investment segment revenue rose to HKD 48,097,000, with a profit of HKD 44,253,000, a significant recovery from a loss of HKD 17,830,000 in the previous year[14]. - The income from warehouse operations decreased to HK$17,284,000 from HK$20,232,000, reflecting a decline of about 14.4%[42]. - The total rental income from investment properties decreased by 10% to HK$111,811,000 from HK$101,644,000[44]. - The rental income from the group's main investment property was HKD 77,127,000, remaining stable compared to HKD 77,637,000 in the previous year[20]. - The property investment income increased by 10% to HKD 111,811,000, while segment profit (excluding fair value losses) was HKD 62,378,000, nearly unchanged from the previous year[12]. Dividends - Total dividends distributed amounted to HKD 22,275,000, down from HKD 32,400,000 in the previous year[18]. - The company declared a total dividend of HK$0.07 per share for the year, up from HK$0.05 per share in the previous year, marking a 40% increase[45]. - The group proposed a final dividend of HKD 0.045 per share, totaling HKD 18,225,000, compared to HKD 12,150,000 in the previous year, marking a 50% increase[86]. - The company aims to maintain a stable long-term dividend income for shareholders, reflecting its commitment to generous dividend payouts based on business conditions and performance[48]. Assets and Liabilities - The total assets of the company as of March 31, 2024, were HK$3,984,017,000, slightly down from HK$4,008,080,000 in the previous year[69]. - The company's total assets amounted to HKD 4,045,923,000, with cash and bank balances totaling HKD 865,397,000[128]. - The group’s total liabilities decreased slightly to HKD 4,008,080,000 from HKD 4,084,017,000, reflecting a reduction of 1.9%[93]. - The group has no loans or borrowings, resulting in a zero debt-to-equity ratio[129]. Market Conditions - The group anticipates continued downward pressure on rental levels due to increased vacancy rates in the commercial property market[36]. - The group has not observed significant recovery in the consumer market, maintaining a cautious outlook for its warehouse operations segment[15]. - The average occupancy rate for the main investment property, Zhenwan Plaza, fell to 89% from 91%, a decrease of 2%[50]. - The average warehouse storage volume dropped from approximately 14,000 cubic meters last year to about 11,000 cubic meters this year[148]. Corporate Governance - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance for the year ending March 31, 2024[167]. - The audit committee currently consists of three independent non-executive directors and one non-executive director, with the chairman possessing appropriate professional qualifications in accounting or related financial management[170]. - The company is committed to maintaining high levels of corporate governance to enhance shareholder value through integrity, transparency, and responsible conduct[171].
安全货仓(00237) - 2024 - 年度业绩