Financial Performance - The group's total revenue for the year ended March 31, 2024, was HKD 484,763,000, an increase from HKD 413,332,000 in the previous year, representing a growth of approximately 17.2%[24] - The gross profit for the year was HKD 39,534,000, compared to HKD 16,727,000 in the previous year, indicating a significant improvement in profitability[24] - The group reported a loss attributable to shareholders of HKD 69,131,000 for the year, compared to a loss of HKD 62,053,000 in the previous year, reflecting a deterioration in financial performance[24] - The group’s operating loss before tax was HKD 72,123,000, compared to a loss of HKD 60,705,000 in the previous year, showing an increase in operational challenges[24] - The consolidated net loss for the fiscal year was HKD 69.1 million, up from HKD 62.1 million in 2023, resulting in a loss per share of HKD 0.208, compared to HKD 0.186 in the previous year[102] - For the year ended March 31, 2024, the company reported a net loss of HKD 69.1 million, compared to a net loss of HKD 62.1 million for the previous year, with a net loss margin improving from 15.0% to 14.3%[121] Assets and Liabilities - The total assets of the group as of March 31, 2024, were HKD 1,092,361,000, down from HKD 1,248,881,000 in the previous year, indicating a decrease of approximately 12.5%[18] - Non-current liabilities decreased from HKD 47,509,000 to HKD 37,498,000, a reduction of approximately 21.2%[26] - Net asset value declined from HKD 1,007,339,000 to HKD 871,007,000, representing a decrease of about 13.5%[26] - Total assets less current liabilities decreased from HKD 1,054,848,000 to HKD 908,505,000, a decline of approximately 13.9%[36] - The company’s total liabilities decreased to HKD 221,354,000 in 2024 from HKD 241,542,000 in 2023, a reduction of about 8%[50] Revenue Segmentation - The group’s revenue from the Americas was HKD 323,692,000, which was the largest segment, while Europe and Asia contributed HKD 116,175,000 and HKD 36,819,000 respectively[17] - The group's sales revenue increased by 17% to HKD 484.8 million, with sales in the Americas rising by 33% to HKD 323.7 million, accounting for 66% of total sales[77] - Sales in Europe increased by 29% to HKD 116.2 million, representing 24% of total sales, while sales in Asia decreased by 47% to HKD 36.8 million, making up 8% of total sales[77] Cash Flow and Liquidity - The group’s cash and cash equivalents as of March 31, 2024, were HKD 174,556,000, down from HKD 186,575,000 in the previous year, indicating a liquidity contraction[18] - As of March 31, 2024, the group held cash and bank deposits of HKD 479.3 million, down from HKD 554.3 million in the previous year[83] - The net cash outflow from operating activities was HKD 38.4 million, compared to a net inflow of HKD 54.1 million in the previous year[83] Cost Management - The group implemented strict cost control measures, reducing sales and distribution expenses by 14% to HKD 14 million, with the percentage of sales and distribution expenses to sales revenue decreasing from 4.0% to 2.9%[78] - Administrative expenses decreased by 10% to HKD 73.2 million, with the percentage of administrative expenses to sales revenue dropping from 19.7% to 15.1%[78] - The company plans to enhance efficiency and reduce costs through continuous improvement, supply chain management, and the introduction of more automated systems[108] Investment Properties - The group’s investment properties recorded a fair value loss of HKD 69,143,000 during the year, highlighting challenges in the real estate market[24] - The fair value of investment properties decreased by HKD 44 million to HKD 236 million as of March 31, 2024[79] - The group made an impairment provision of approximately HKD 24.9 million for properties, plants, and equipment due to indications of impairment[80] Employee and Operational Metrics - Employee costs increased to HKD 159.6 million from HKD 139.9 million in 2023, reflecting higher salaries and benefits[93] - The company employed approximately 1,560 employees as of March 31, 2024, compared to 1,540 employees the previous year[126] Dividends - The proposed interim dividend for the year is HKD 0.02 per share, reflecting the company's commitment to returning value to shareholders despite the losses[7] - The company proposed a final dividend of HKD 0.02 per share and a special dividend of HKD 0.13 per share, totaling HKD 66.61 million and HKD 43.30 million respectively, marking a return to dividend payments after no dividends in 2023[94] - The company has not declared any interim dividends for 2023, maintaining a focus on financial recovery[69] Government Assistance - The group recognized government assistance and tax refunds of approximately HKD 5,000,000 during the year, compared to HKD 1,543,000 in the previous year[14] - The company received approximately HKD 5,000 in subsidies from the Chinese government for the year, a significant decrease from the HKD 1.6 million received in the previous year[119]
亚伦国际(00684) - 2024 - 年度业绩