Financial Performance - The company's profit for the year 2024 is HKD 98,859,000, a decrease of 23.3% from HKD 128,785,000 in 2023[1] - Total comprehensive income for the year is HKD 69,627,000, compared to a loss of HKD 62,502,000 in the previous year[1] - Revenue from customer contracts for 2024 is HKD 2,009,545,000, down 13.1% from HKD 2,312,584,000 in 2023[12] - Profit attributable to equity holders fell by 23% to HKD 101 million (2023: HKD 130 million), with basic earnings per share at HKD 0.16 (2023: HKD 0.207)[40] - The group recorded total revenue of HKD 2.010 billion for the fiscal year ending March 31, 2024, a decrease of 13% from HKD 2.313 billion in 2023, with a 4% impact from the depreciation of the RMB against the USD[40] - Profit before tax for the same period was HKD 125,142 thousand, down 21% from HKD 158,941 thousand year-on-year[79] - The company reported a basic earnings per share of HKD 0.160, down from HKD 0.207, reflecting a 23% decrease[79] - The company’s cash dividend per share was HKD 0.080, a reduction of 32% from HKD 0.118 in the previous year[79] Revenue Breakdown - Revenue from customer contracts in Mainland China and Hong Kong is HKD 1,449,902,000, a decrease from HKD 1,670,556,000 in 2023[12] - Revenue from mainland China and Hong Kong decreased by 13% to HKD 1.450 billion (2023: HKD 1.671 billion), while Taiwan's revenue plummeted by 40% to HKD 38 million (2023: HKD 63 million)[44] - The international market revenue declined by 10% to HKD 522 million (2023: HKD 579 million), with significant challenges in Vietnam due to reduced foreign investment and weak European consumer markets[47] - The group’s performance in the mainland Chinese market was impacted by weak consumer demand and overcapacity, leading to a 13% drop in revenue to HKD 1.450 billion (2023: HKD 1.671 billion)[46] Assets and Liabilities - Non-current assets total HKD 1,204,618,000 in 2024, an increase from HKD 1,178,385,000 in 2023[2] - Current assets amount to HKD 2,939,132,000, slightly down from HKD 2,970,924,000 in the previous year[2] - Current liabilities total HKD 953,952,000, compared to HKD 980,520,000 in 2023[2] - The net current asset value is HKD 1,985,180,000, a slight decrease from HKD 1,990,404,000 in 2023[2] - The total assets value was HKD 4,143,750 thousand, showing no significant change from HKD 4,149,309 thousand in the previous year[79] - The total liabilities ratio is not reported as the group holds a net cash balance as of March 31, 2024[115] Cash Flow and Financial Management - Cash and bank deposits (including pledged deposits) increased to HKD 874 million from HKD 671 million in 2023, representing a year-on-year increase of HKD 203 million[16] - The group has maintained a robust financial management policy, ensuring sufficient liquidity to meet capital investment and operational funding needs[27] - The group has pledged trade receivables of HKD 73,307,000 as of March 31, 2024, down from HKD 93,639,000 in 2023, indicating a decrease of 21.7%[50] Market and Economic Outlook - The group anticipates a cautious outlook for the coming year, acknowledging both challenges and opportunities in the political and economic landscape[31] - The overall economic environment remains challenging, with high interest rates and global inflation impacting consumer spending and business operations across various markets[40] - Current global economic forecasts indicate that over half of economists expect continued weakening in the global economy next year, with cautious expectations for economic prospects[127] Research and Development - Eleven new patents were added during the fiscal year, including two invention patents[26] - The group plans to complete the innovative R&D center and new logistics center in Shenzhen, enhancing production capacity resilience[26] Employee and Workforce - The number of full-time employees increased to approximately 2,400, up from 2,300 in the previous year, reflecting a growth in workforce[119]
震雄集团(00057) - 2024 - 年度业绩