Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue from continuing operations was approximately HKD 316.3 million, slightly down from HKD 317.4 million in the previous year, representing a decrease of about 0.4%[3] - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 119.2 million, a decrease of about 3.5% from HKD 123.6 million in the previous year, with the gross margin declining from approximately 38.9% to 37.7%[3] - The loss attributable to equity holders of the company for the fiscal year was approximately HKD 8.3 million, an improvement of about HKD 3.4 million compared to a loss of HKD 11.7 million in the previous year[3] - The basic and diluted loss per share attributable to equity holders for the year was HKD 1.51, an improvement from HKD 2.12 in the previous year[5] - The company reported a loss before tax of HKD 6,084,000 for the fiscal year ending March 31, 2024, with a net loss of HKD 6,900,000[21] - The company reported a loss of HKD 10,258,000 for the year, compared to a loss of HKD 14,243,000 in the previous year, indicating an improvement[31] - The group recorded a loss attributable to equity holders of approximately HKD 8,300,000 for the year ended March 31, 2024, a decrease in loss of approximately HKD 3,400,000 compared to the previous year[57] Assets and Liabilities - As of March 31, 2024, the group's cash and cash equivalents were approximately HKD 100 million, a decrease of about HKD 25 million from HKD 125 million in the previous year, primarily due to property acquisitions[3] - The total assets of the group as of March 31, 2024, were approximately HKD 378.7 million, compared to HKD 372.6 million in the previous year, reflecting a slight increase of about 1.4%[6] - The total liabilities increased to approximately HKD 134.6 million as of March 31, 2024, from HKD 120.8 million in the previous year, representing an increase of about 11.4%[7] - The group's total bank borrowings increased to approximately HKD 41,000,000 as of March 31, 2024, from approximately HKD 22,700,000 as of March 31, 2023, an increase of approximately HKD 18,300,000 due to new property acquisitions[61] - As of March 31, 2024, the group has pledged properties with a total book value of approximately HKD 105,500,000 and machinery valued at approximately HKD 18,800,000 as collateral for lease liabilities and mortgage loans respectively[72][73] Capital Expenditure - The company incurred a capital expenditure of HKD 27,474,000 during the fiscal year, which included the acquisition of property, plant, and equipment[21] - The capital expenditure for the year ending March 31, 2024, was approximately HKD 27,500,000, a significant increase of approximately HKD 19,800,000 compared to HKD 7,700,000 in 2023, primarily due to property acquisitions[73] - The company invested approximately HKD 13,280,000 in a new Miyakoshi digital printing machine to enhance its production capabilities[39] Revenue Breakdown - For the fiscal year ending March 31, 2024, total revenue from continuing operations was HKD 316,277,000, with paper printing contributing HKD 224,356,000 and spray printing contributing HKD 92,956,000[21] - The segment revenue from paper printing was HKD 228,207,000, while the revenue from spray printing was HKD 89,936,000, contributing to the overall revenue[23] - The spray printing business revenue increased by approximately HKD 2,900,000 or about 3.2% to HKD 92,700,000 for the year ended March 31, 2024[44] Expenses and Cost Management - The company’s employee benefit expenses decreased to HKD 104,333,000 from HKD 113,794,000, reflecting cost management efforts[28] - Selling and distribution expenses accounted for approximately 10.4% of revenue for the year ended March 31, 2024, up from approximately 9.5% for the year ended March 31, 2023, with an increase in expenses of approximately HKD 2,700,000[50] - Administrative expenses decreased by approximately HKD 9,700,000, primarily due to the absence of equity payment expenses from stock options granted in December 2022, offset by increases in employee benefits and outsourced customer support expenses of approximately HKD 2,400,000 each[51] Financing Activities - The company reported a net financing income of approximately HKD 1.4 million for the fiscal year, down from HKD 2.4 million in the previous year[4] - The company reported a financing income of HKD 4,952,000 and financing costs of HKD 3,518,000 for the fiscal year ending March 31, 2024[21] - Financing income for the year was HKD 4,952,000, compared to HKD 3,924,000 in the previous year, showing a growth in financing activities[29] - Financing costs increased significantly by approximately HKD 2,000,000, primarily due to increases in lease liabilities and bank borrowing interest expenses of approximately HKD 1,400,000 and HKD 600,000, respectively[53] Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with its provisions, except for the separation of the roles of chairman and CEO[83] - The audit committee, consisting of four independent non-executive directors, reviewed the group's audited consolidated financial statements for the year ending March 31, 2024[84] - The annual report for the year ending March 31, 2024, will be published by July 31, 2024, in compliance with listing rules[87] Dividends and Shareholder Returns - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024[3] - The board of directors did not recommend the payment of a final dividend for the year ending March 31, 2024, consistent with the previous year[79] Discontinued Operations - The company has terminated its property agency services segment, which has been reclassified as discontinued operations[16]
EPRINT集团(01884) - 2024 - 年度业绩