Financial Performance - For the fiscal year ending March 31, 2024, the group recorded revenue of approximately HKD 452.2 million, an increase of about HKD 50.8 million or 12.7% compared to HKD 401.4 million for the fiscal year ending March 31, 2023[2]. - The gross profit for the fiscal year ending March 31, 2024, was approximately HKD 28.0 million, up by about HKD 6.6 million or 30.8% from HKD 21.4 million in the previous year, resulting in a gross margin of approximately 6.2%[2]. - The loss attributable to the owners of the company for the fiscal year ending March 31, 2024, was approximately HKD 78.9 million, compared to a loss of HKD 38.1 million for the fiscal year ending March 31, 2023[2]. - Basic and diluted loss per share for the fiscal year ending March 31, 2024, was approximately HKD 6.61, compared to HKD 4.01 for the previous year[5]. - The group reported other income of HKD 5.37 million for the fiscal year ending March 31, 2024, compared to a loss of HKD 2.66 million in the previous year[4]. - The company reported a net loss before tax of HKD 45.372 million for the year ending March 31, 2024[31]. - The adjusted EBITDA loss increased from approximately HKD 17.8 million for the fiscal year ending March 31, 2023, to approximately HKD 40.1 million for the fiscal year ending March 31, 2024[61]. - Operating expenses for the fiscal year ending March 31, 2024, totaled approximately HKD 110.0 million, an increase of about HKD 54.0 million or 96.4% from approximately HKD 56.0 million in the previous year[57]. Revenue Breakdown - The group reported segment revenue from external customers of HKD 452.192 million, with contributions of HKD 223.495 million from upper structure construction services and HKD 228.697 million from reverse supply chain management and environmental services[19]. - Revenue from construction and renovation services was HKD 223.495 million, down 40.1% from HKD 373.132 million in 2023[26]. - Revenue from reverse supply chain management and environmental services surged to HKD 228.697 million, compared to HKD 28.220 million in the previous year[26]. - The increase in total revenue was primarily driven by a rise of approximately HKD 200.5 million in revenue from reverse supply chain management and environmental services, offset by a decrease of approximately HKD 149.7 million in revenue from superstructure construction and renovation services[51]. - The reverse supply chain management and environmental services segment generated revenue of approximately HKD 228.7 million for the fiscal year ending March 31, 2024, compared to HKD 28.2 million for the previous year[53]. Assets and Liabilities - The total assets less current liabilities as of March 31, 2024, amounted to HKD 241.15 million, compared to HKD 197.88 million as of March 31, 2023[7]. - The company's equity attributable to owners increased to HKD 234.01 million in 2024 from HKD 188.46 million in 2023[8]. - As of March 31, 2024, the company had contract liabilities amounting to approximately HKD 393.5 million, which includes trade deposits from new customers for the sale of industrial materials and recycled battery black powder[46]. - Trade receivables increased to HKD 61,161,000 in 2024 from HKD 40,205,000 in 2023, with a provision for losses of HKD 384,000 compared to HKD 2,392,000 in the previous year[41]. - The total amount of trade payables rose to HKD 124,684,000 in 2024 from HKD 49,788,000 in 2023, with accrued contract retention payable at HKD 27,979,000 compared to HKD 22,661,000 in 2023[44]. Share Capital and Dividends - The company has issued a total of 1,255,027,500 shares as of March 31, 2024, with a total issued and paid-up capital of HKD 12,550,000[47]. - The company approved an increase in its authorized share capital from HKD 15 million to HKD 30 million, allowing for the issuance of up to 3 billion shares[47]. - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2024, consistent with the previous year[2]. - The company did not declare any dividends for the year 2024, consistent with 2023[34]. Strategic Initiatives - The company has expanded its operations in Hong Kong, focusing on construction and maintenance services, as well as environmental-related services[9]. - The company underwent a name change to Envision Greenwise Holdings Limited effective October 9, 2023, reflecting its strategic focus on green and sustainable initiatives[9]. - The company is engaged in reverse supply chain management, including the recycling of retired electric vehicle batteries, utilizing self-developed technology to redesign batteries into energy storage systems[51]. - The company has secured deposits of approximately HKD 7,939,000 for a 20-year land lease in Hong Kong, reflecting strategic investment in future operations[43]. Governance and Compliance - The group’s financial statements were prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant impact from the application of new and revised standards this year[17]. - The audit committee has reviewed the financial results for the fiscal year ending March 31, 2024, confirming compliance with applicable accounting standards[86]. - The company has adopted corporate governance codes and confirmed compliance with the standards for securities trading by directors[84][85]. - No significant events requiring disclosure have occurred since March 31, 2024, up to the announcement date[82]. Employee and Operational Metrics - The company employed a total of 44 employees as of March 31, 2024, down from 51 employees a year earlier[69]. - As of March 31, 2024, the total salary and related costs for employees amounted to approximately HKD 45.6 million, slightly up from HKD 45.4 million in 2023[69].
晋景新能(01783) - 2024 - 年度业绩