Financial Performance - For the fiscal year ending March 31, 2024, the group's total revenue was approximately HKD 71,180,000, representing an increase of about 11.8% compared to HKD 63,692,000 for the previous fiscal year[2]. - The group's gross profit for the fiscal year was approximately HKD 15,860,000, a decrease from HKD 16,179,000, resulting in a gross profit margin decline from approximately 25.4% to 22.3%[2]. - The net profit for the fiscal year was approximately HKD 6,825,000, a significant recovery from a net loss of HKD 1,435,000 in the previous year[2]. - Basic earnings per share for the fiscal year were approximately HKD 0.006, compared to a loss per share of HKD 0.001 in the previous year[9]. - The group reported other income of HKD 364,000, up from HKD 163,000 in the previous year[9]. - The group reported a profit before tax of HKD 6,795,000 for the year ended March 31, 2024[26]. - The company reported a net foreign exchange gain of HKD 20,785,000 compared to a gain of HKD 4,588,000 in the previous year[41]. - The group reported a net other income of approximately HKD 19,541,000, compared to a net loss of HKD 1,081,000 in the previous year[118]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 119,458,000, down from HKD 130,438,000 in the previous year[10]. - The group's cash and bank balances decreased to HKD 44,201,000 from HKD 64,633,000 in the previous year[10]. - The total equity of the group was HKD 113,130,000, a decrease from HKD 130,396,000 in the previous year[10]. - Total assets amounted to HKD 150,209,000, with segment assets for fashion accessories at HKD 97,038,000 and beauty and health products at HKD 16,335,000[26]. - Total liabilities were HKD 37,079,000, with allocated liabilities of HKD 12,163,000 for fashion accessories and HKD 6,651,000 for beauty and health products[26]. - The total liabilities were HKD 23,926,000, with segment liabilities of HKD (15,026,000)[1]. - The group's cash and cash equivalents were approximately HKD 48,282,000 as of March 31, 2024, compared to HKD 18,886,000 in 2023, indicating a significant increase in liquidity[126]. - The capital debt ratio as of March 31, 2024, was approximately 32.8%, up from 18.3% in 2023, reflecting a change in the capital structure[126]. Business Segments - The group is engaged in the sale of fashion accessories and has expanded into beauty and health products through its self-operated online platform[6]. - Total revenue for the year ended March 31, 2024, was HKD 71,180,000, with fashion accessories contributing HKD 67,769,000 and beauty and health products contributing HKD 3,411,000[26]. - The fashion accessories segment achieved a profit of HKD 289,000, while the beauty and health products segment incurred a loss of HKD 59,000[26]. - The group has launched a new operating segment for the sale of beauty and health products, which is considered a new reportable segment[25]. - The company successfully expanded its sales into the beauty and health product sector during the year[81]. - The fashion accessories business recorded a slight increase in sales despite no significant improvement in the overall luxury goods industry[82]. - The group is focusing on expanding its presence in the Chinese market, anticipating continued consumer upgrades in high-end fashion accessories[115]. Operational Efficiency and Strategy - The company plans to continue focusing on market expansion and new product development to drive future growth[1]. - The group plans to enhance its online platform and continue its digital transformation to improve operational efficiency and decision-making capabilities[86]. - The group aims to diversify its product offerings and optimize its industry layout to ensure long-term profitability and sustainable development[86]. - The group is exploring new business opportunities to enhance shareholder value while consolidating its current operations[99]. - The group plans to enhance brand image and increase market penetration through online and offline channel integration[114]. - The group aims to expand its market share by launching more fashion accessories and lifestyle products to meet consumer demand[114]. - The group increased its investment in digital, platform, and social media marketing to strengthen its competitiveness in the lifestyle fashion industry[82]. Employee and Administrative Costs - The company's employee costs, including director remuneration, rose to HKD 6,794,000 in 2024 from HKD 4,380,000 in 2023[62]. - Administrative expenses increased by approximately 57.4% to HKD 12,450,000, mainly due to increased staffing costs and depreciation[119]. - As of March 31, 2024, the group had 44 employees, with total employee costs amounting to approximately HKD 6,794,000, an increase from HKD 4,380,000 in 2023[125]. Dividends and Taxation - The group has not proposed a final dividend for the fiscal year ending March 31, 2024[2]. - The company has no plans to declare dividends for the year ended March 31, 2024, consistent with the previous year[47]. - The company has no taxable profits in Hong Kong for the year ending March 31, 2024, and therefore did not recognize any provision for Hong Kong profits tax[67]. - The group has unutilized tax losses of approximately HKD 38,729,000 as of March 31, 2024, which can offset future profits[69]. Governance and Compliance - The company has adopted corporate governance principles and has complied with all relevant regulations throughout the year[130]. - The audit committee, composed entirely of independent non-executive directors, has reviewed the group's annual consolidated financial statements[131]. - There were no significant events occurring after the reporting period up to the date of this announcement[145]. - The company will issue its annual report for the year 2024 in due course to shareholders and publish it on its website[151].
雅天妮集团(00789) - 2024 - 年度业绩