Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 134,280,000, a decrease of about 4% compared to the year ended March 31, 2023[7]. - The loss attributable to equity holders for the year ended March 31, 2024, was approximately HKD 1,999,000, compared to a loss of approximately HKD 11,815,000 in the previous year[7]. - The group's audited consolidated revenue for the year ending March 31, 2024, is HKD 134.28 million, a decrease from HKD 139.98 million in the previous year[38]. - Total revenue for the current accounting period is HKD 134,280,000, a decrease from HKD 139,978,000 in the previous year, representing a decline of approximately 4.8%[74]. - The group reported a pre-tax loss of HKD 1,999,000, significantly improved from a loss of HKD 11,815,000 in the previous year[74]. - The total comprehensive loss for the year was HKD 12,067,000, which includes the loss from the cancellation of a subsidiary[40]. - The company reported a pre-tax loss of HKD 1,999,000 for 2024, a significant improvement from a loss of HKD 11,815,000 in 2023, representing a reduction of approximately 83%[81]. - Basic loss per share was HKD 0.0061, compared to HKD 0.0360 in the previous year, indicating a decrease of about 83%[82]. - The company's accumulated losses increased from HKD 153,101,000 on April 1, 2022, to HKD 163,932,000 by March 31, 2024[40]. Revenue Breakdown - Revenue from customer contracts under HKFRS 15 for the year 2024 was HKD 70,476,000, an increase of 19.3% compared to HKD 59,046,000 in 2023[48]. - Customer relationship management service revenue decreased to HKD 63,804,000 in 2024 from HKD 80,932,000 in 2023, representing a decline of 21.1%[48]. - Sales from the rail transit information system amounted to approximately HKD 70,476,000, an increase of about 19% from HKD 59,046,000 in the previous year[87]. - CRM business revenue decreased to approximately HKD 63,804,000, down about 21% from HKD 80,932,000 in the previous year[87]. - Revenue from external customers in China was HKD 126,111,000, slightly up from HKD 125,079,000 in the previous year[134]. Assets and Liabilities - As of March 31, 2024, the group's cash and cash equivalents amounted to approximately HKD 86,061,000, compared to HKD 87,062,000 in the previous year[18]. - The net current assets of the group were approximately HKD 82,072,000 as of March 31, 2024, with cash and cash equivalents comprising a significant portion[19]. - Non-current assets, including property, machinery, and equipment, decreased to HKD 2.448 billion from HKD 3.541 billion year-on-year[39]. - Current assets, including contract assets, increased to HKD 7.837 billion from HKD 6.9 billion year-on-year[39]. - Total liabilities increased to HKD 77.121 million from HKD 63.26 million year-on-year[39]. - The total liabilities rose to HKD 81,286,000 from HKD 68,218,000, an increase of about 19.1%[74]. - The company's equity attributable to owners decreased to HKD 80.355 million from HKD 82.387 million year-on-year[39]. - The total equity as of March 31, 2023, was HKD 82,387,000, a decrease from HKD 94,454,000 on April 1, 2022, reflecting a decline of approximately 12.8%[40]. Research and Development - The company is focusing on enhancing its competitive advantage through continuous investment in research and development of products and solutions[15]. - Research and development costs increased to HKD 9,681,000 from HKD 8,870,000, reflecting a rise of approximately 9.1%[67]. - Research and development costs for the year reached approximately HKD 9,681,000, up from HKD 8,870,000 in the previous year, reflecting an increase of about 9%[94]. Corporate Governance - The company has established a transparent policy procedure to safeguard shareholder interests and has complied with all corporate governance codes[31]. - The group maintains a prudent financial policy, with excess cash deposited in banks for operational and investment purposes[18]. Dividends - The group did not recommend the payment of a final dividend for the year ended March 31, 2024[7]. - The company did not declare or propose any dividends for the year, consistent with the previous year[81]. Employee and Operational Costs - The group's employee costs, including director remuneration, amounted to HKD 20,183,000, slightly down from HKD 20,194,000[67]. - The total employee cost for the year was approximately HKD 20,183,000, compared to HKD 20,194,000 in the previous year[122]. - Administrative expenses for the year were approximately HKD 10,111,000, reflecting an increase of about 12% compared to the previous year[115]. - The company has 168 employees as of March 31, 2024, down from 180 employees in 2023[145]. Market and Strategic Initiatives - The Chinese urban rail transit market has experienced significant investment and development over the past 20 years, with tightening policies affecting new project approvals[16]. - The group is actively negotiating with relevant government departments in several overseas countries to seek opportunities for "smart city" development projects, leveraging existing 4G network compatible products[26]. - The total amount allocated for the "Smart City" project using existing CA-SIM technology is HKD 41.1 million, with actual usage at HKD 32.6 million and a remaining balance of HKD 8.5 million[148]. - The company decided to suspend further development of the CA-SIM product's 5G version due to technical challenges and high additional costs[127]. Foreign Exchange and Financial Risks - The company experienced a foreign exchange loss of HKD 887,000 related to the translation of overseas financial statements during the fiscal year[40]. - The group continues to monitor foreign currency risks, primarily related to RMB and HKD, without implementing hedging measures[121].
国联通信(08060) - 2024 - 年度业绩