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晋景新能(01783) - 2023 - 年度业绩
ENVISION GREENENVISION GREEN(HK:01783)2023-06-23 14:30

Financial Performance - For the fiscal year ended March 31, 2023, the group recorded revenue of approximately HKD 401.4 million, a decrease of about HKD 190.5 million or 32.2% compared to HKD 591.9 million for the fiscal year ended March 31, 2022[2] - The gross profit for the fiscal year ended March 31, 2023, was approximately HKD 21.4 million, down by about HKD 5.4 million or 20.2% from HKD 26.8 million in the previous year, resulting in a gross margin of approximately 5.3%[2] - The loss attributable to owners of the company for the fiscal year ended March 31, 2023, was approximately HKD 38.1 million, compared to a loss of HKD 19.4 million for the fiscal year ended March 31, 2022[2] - The basic and diluted loss per share for the fiscal year ended March 31, 2023, was approximately HKD 4.01, compared to HKD 2.42 for the previous year[2] - The company reported a net loss of HKD 38.1 million for the year, which included a fair value gain of HKD 4.05 million from derivative financial liabilities[4] - The company reported a net loss attributable to shareholders of HKD 38,065,000 for the year, compared to a loss of HKD 19,391,000 in the previous year[24] - Administrative and other expenses increased significantly to approximately HKD 56.0 million, up about HKD 30.1 million or 116.2% from approximately HKD 25.9 million in the previous year[57] Assets and Liabilities - The total assets less current liabilities as of March 31, 2023, amounted to HKD 197.9 million, compared to HKD 155.9 million as of March 31, 2022[6] - Non-current assets increased to HKD 145.8 million as of March 31, 2023, from HKD 11.3 million in the previous year[6] - Current liabilities decreased to HKD 169.7 million as of March 31, 2023, from HKD 204.6 million as of March 31, 2022[6] - The company’s equity attributable to owners increased to HKD 188.5 million as of March 31, 2023, from HKD 155.9 million in the previous year[7] - The total trade receivables as of March 31, 2023, amount to HKD 37,813,000, down from HKD 49,170,000 in 2022, with a provision for losses of HKD 2,392,000[30] - Trade payables decreased significantly to HKD 49,788,000 in 2023 from HKD 138,820,000 in 2022, indicating improved cash flow management[35] - The accumulated contract retention money payable as of March 31, 2023, is HKD 22,661,000, down from HKD 31,033,000 in 2022, reflecting a reduction in outstanding obligations[35] Dividends and Shareholder Returns - The company did not recommend the payment of a final dividend for the fiscal year ended March 31, 2023, consistent with the previous year[2] - The company did not declare or recommend any dividends for the year ending March 31, 2023, consistent with the previous year[23] - No dividends were declared or proposed for the year 2023, consistent with 2022[65] Government Support and Expenses - The company received government subsidies totaling HKD 2,288,000 during the reporting period, primarily related to employment support programs[19] - The company reported a total depreciation and amortization expense of HKD 14,005,000, significantly higher than HKD 2,009,000 in the previous year[21] - The company’s financing costs increased to HKD 1,901,000 in 2023 from HKD 36,000 in 2022, primarily due to interest expenses on promissory notes[20] - The actual interest expense for the issued promissory notes was HKD 1,477,000 for the year ended March 31, 2023[39] - Total salary and related costs for the year ended March 31, 2023, amounted to approximately HKD 45.4 million, up from HKD 37.9 million in 2022[64] Business Segments and Revenue Sources - For the fiscal year ending March 31, 2023, the company reported total segment revenue of HKD 401,352,000, with HKD 373,132,000 from construction services and HKD 28,220,000 from reverse supply chain management and environmental services[14] - The company recognized a significant decrease in revenue from construction services, down 37% from HKD 591,900,000 in 2022 to HKD 373,132,000 in 2023[17] - Revenue from superstructure construction projects contributed approximately HKD 370.8 million, down from approximately HKD 589.7 million in 2022[50] - The group generated revenue of approximately HKD 28.2 million from reverse supply chain management and environmental services, a new business segment introduced in the current year[52] Strategic Focus and Future Outlook - The board remains cautiously optimistic about industry recovery while acknowledging ongoing competitive pressures on profit margins[53] - The group plans to focus on accelerating its transformation towards green building, aiming to help clients reduce carbon emissions and explore potential business opportunities in the electric vehicle aftermarket[53] Employee and Operational Metrics - The company employed a total of 51 employees as of March 31, 2023, down from 72 employees in the previous year[64] - The company had no significant contingent liabilities or claims as of March 31, 2023[62] - There were no significant investments, acquisitions, or disposals of subsidiaries or associated companies during the year ended March 31, 2023[62] Acquisitions and Investments - The company completed the acquisition of a 40% stake in Jin Yang for approximately HKD 42,750,000 on April 29, 2022, with an initial equity recognized at HKD 27,720,000[38] - On August 8, 2022, the company acquired an additional 60% stake in Jin Yang, making it a wholly-owned subsidiary, with the total consideration for this acquisition being HKD 41,460,000[41] - The goodwill generated from the acquisition of Jin Yang amounted to HKD 53,197,000[44] - The total identifiable net assets acquired from Jin Yang were valued at HKD 14,882,000[43] - The cash and cash equivalents acquired from Jin Yang amounted to HKD 15,605,000[44] Compliance and Governance - The audit committee reviewed the annual performance for the fiscal year ended March 31, 2023, confirming compliance with applicable accounting standards[70] - The company maintained sufficient public float as per listing rules as of March 31, 2023[66] - The company entered into a subscription and debt capitalization agreement with its ultimate holding company on March 21, 2023, to issue 103,650,000 capitalization shares[65] - The company has adopted a share option scheme to incentivize and reward directors and eligible employees[64]