Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was approximately HKD 54,387,000, an increase from HKD 51,381,000 in 2023, representing a growth of about 5.9%[21] - The group reported a pre-tax loss of approximately HKD 9,234,000 for the fiscal year ending March 31, 2024, compared to a pre-tax loss of HKD 7,358,000 in 2023, indicating a deterioration in financial performance[21] - The group reported a total comprehensive loss of approximately HKD 9,299,000 for the fiscal year ending March 31, 2024, compared to a total comprehensive loss of HKD 7,282,000 in 2023[21] - The basic and diluted loss per share for the fiscal year ending March 31, 2024, was HKD 0.0715, compared to HKD 0.0554 in 2023, indicating a worsening in per-share performance[21] - The company reported a loss of HKD (9,174,000) for the year ended March 31, 2024, compared to a loss of HKD (7,115,000) in the previous year, reflecting a worsening of approximately 28.9%[90] Revenue Breakdown - Repair service revenue accounted for HKD 54,195,000, up from HKD 51,207,000 in the previous year, indicating a growth of about 5.8%[46] - Sales of accessories and support services generated revenue of HKD 192,000, compared to HKD 174,000 in 2023, reflecting an increase of approximately 10.3%[46] - The group's total revenue for the year ended March 31, 2024, was entirely generated in Hong Kong, consistent with the previous year[52] - For the fiscal year ending March 31, 2024, the company's revenue increased to approximately HKD 54,387,000, up about 5.9% from HKD 51,381,000 in 2023, primarily due to new service contracts and stable repair service income[100] Expenses and Costs - Direct labor costs for the fiscal year ending March 31, 2024, were approximately HKD 29,662,000, up 48.7% from HKD 19,950,000 in 2023, primarily due to the expansion of warehouse facilities and the opening of a new repair center[4] - Other operating expenses for the fiscal year ending March 31, 2024, amounted to approximately HKD 4,315,000, a rise of 34.8% from HKD 3,200,000 in 2023, driven by increased costs in rent, utilities, and depreciation[5] - The total employee costs increased to HKD 33,936,000 from HKD 23,953,000, marking an increase of approximately 41.7%[89] - The financing costs for the year were HKD 255,000, a notable increase from HKD 33,000 in the previous year[87] - The company's gross profit for the fiscal year was approximately HKD 11,251,000, slightly down from HKD 11,385,000 in 2023[100] Assets and Liabilities - As of March 31, 2024, the group's financial assets measured at fair value through profit or loss were approximately HKD 8,984,000, down from HKD 13,984,000 in 2023, representing a decrease of about 35.7%[7] - The group's total assets as of March 31, 2024, were approximately HKD 72,977,000, compared to HKD 80,521,000 in 2023, reflecting a decline of about 9.1%[27] - The group's net asset value as of March 31, 2024, was approximately HKD 70,734,000, down from HKD 80,033,000 in 2023, a decrease of about 11.6%[27] - Trade receivables as of March 31, 2024, totaled HKD 10,550,000, up from HKD 6,779,000 in the previous year, representing an increase of approximately 55.5%[68] - As of March 31, 2024, the company had current assets of approximately HKD 31,370,000 and current liabilities of approximately HKD 12,639,000[109] Corporate Governance and Structure - The company is controlled by the Zhang family trust, with key individuals including Mr. Zhang Jing Shi and Mr. Zhang Jing Shan[28] - The company is listed on the Hong Kong Stock Exchange under stock code 3997[33] - The company has adhered to the corporate governance code as per the Hong Kong Stock Exchange rules during the fiscal year[141] - The capital structure of the company remained unchanged during the fiscal year ending March 31, 2024[147] Future Outlook and Strategy - The company aims to enhance service quality and integrate resources to improve efficiency, thereby expanding revenue sources and optimizing shareholder returns[129] - The company maintains a positive outlook on the overall business environment and economic prospects, focusing on consolidating core business and exploring new opportunities[141] - The global smartphone market is expected to recover with a projected growth of 4.0% in 2024, driven by the expansion of 5G technology and new device innovations[99] Miscellaneous - The company has not made any significant acquisitions or disposals of subsidiaries or associates during the fiscal year ending March 31, 2024[127] - No dividends were declared or proposed for the year ended March 31, 2024, consistent with the previous year[89] - The company will hold its annual general meeting on September 20, 2024, with a notice to be sent to shareholders in due course[133] - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on financial performance or position[34] - The company’s administrative expenses for the fiscal year were approximately HKD 14,477,000, a decrease of about 0.5% from HKD 14,554,000 in 2023[116]
电讯首科(03997) - 2024 - 年度业绩