Financial Performance - The total revenue for the year ended March 31, 2024, was HKD 1,372,767,000, a decrease of 10.6% compared to HKD 1,535,452,000 in 2023[3]. - The net profit attributable to shareholders for the year was HKD 56,379,000, a decline of 25.3% from HKD 75,580,000 in the previous year[3]. - Basic and diluted earnings per share were both HKD 0.14, down from HKD 0.19 in 2023[4]. - Revenue from product sales was HKD 1,016,464,000, down 12.5% from HKD 1,161,715,000 in the previous year[23]. - Operating services revenue decreased to HKD 306,297,000 from HKD 325,190,000, reflecting a decline of 5.5%[23]. - The company reported a total segment profit of HKD 108,813,000 for the year, compared to HKD 71,368,000 in the previous year[30]. - The company’s share of profits from associates was HKD 9,205,000 for the year[30]. - The company reported a total tax expense of HKD 14,989,000 for the year ended March 31, 2024, compared to HKD 16,084,000 in 2023[42]. - The annual profit for 2024 was HKD 56,379,000, a decrease of 25.3% compared to HKD 75,580,000 in 2023[50]. Revenue Breakdown - Total revenue for the year ended March 31, 2024, was HKD 1,372,767,000, a decrease of 10.6% from HKD 1,535,452,000 in 2023[23]. - The product business generated revenue of approximately HKD 1,023.36 million, accounting for 74.6% of total revenue, down from 76.2% in the previous year[70]. - Revenue from the operating services segment decreased by approximately 5.8% to about HKD 306.30 million, primarily due to intense competition in the mobile communication services market[73]. - Rental income from investment properties increased by approximately 47.4% to about HKD 21.98 million, mainly due to rental income from a building acquired in May 2022[73]. - Other income and gains rose significantly by approximately 150.5% to about HKD 43.39 million, driven by property sales gains of approximately HKD 38.10 million[74]. Costs and Expenses - The cost of goods sold was HKD 906,596,000, down from HKD 1,036,415,000, reflecting a reduction of 12.5%[3]. - The group’s financing costs increased to HKD 43,742,000 from HKD 25,733,000, representing a rise of 70%[3]. - Financing costs increased, with bank and other borrowing interest amounting to approximately HKD 39.34 million, up from HKD 23.06 million in the previous year[80]. - Total employee costs amounted to HKD 191,328,000 in 2024, down from HKD 193,017,000 in 2023, reflecting a reduction of 0.9%[8]. - Depreciation for property, plant, and equipment was HKD 32,232,000, with an additional HKD 47,049,000 for right-of-use assets[37]. Assets and Liabilities - Total assets as of March 31, 2024, were HKD 1,225,389,000, compared to HKD 1,372,235,000 in 2023, indicating a decrease of 10.7%[6]. - The net current liabilities were HKD 503,387,000, improved from HKD 620,082,000 in the previous year[6]. - Trade and other receivables increased to HKD 61,354,000 in 2024 from HKD 48,202,000 in 2023, representing a growth of 27.2%[51]. - Trade payables decreased to HKD 44,486,000 in 2024 from HKD 50,647,000 in 2023, a decline of 12.2%[56]. - The group's debt-to-equity ratio as of March 31, 2024, was approximately 121.0%, improved from 173.1% in 2023[89]. Dividends - The company declared an interim dividend of HKD 0.03 per share for the first quarter of 2023/24, totaling HKD 12,113,000, compared to HKD 36,338,000 in dividends declared for the previous year[49]. - The group declared a fourth-quarter interim dividend of HKD 0.04 per share for the year ended March 31, 2024, compared to no dividend in 2023[94]. - The board declared a fourth-quarter interim cash dividend of HKD 0.04 per share, totaling approximately HKD 16.15 million, compared to no dividend in the fourth quarter of 2023[108]. Operational Highlights - The company operated 73 retail stores as of March 31, 2024, down from 77 stores in the previous year[76]. - The company completed the renovation and upgrade of a 13-story industrial building in Kwun Tong, with approximately 64% of the total area leased[69]. - The group employed 554 full-time employees as of March 31, 2024, a decrease from 577 in 2023[101]. Future Outlook - The group anticipates a cautious outlook due to ongoing inflation and geopolitical risks, focusing on cost control and enhancing customer experience[102]. - The company has approximately HKD 280.14 million in undrawn bank financing available for future funding needs as of March 31, 2024[89].
电讯数码控股(06033) - 2024 - 年度业绩