Financial Performance - The company recorded revenue of approximately RMB 1,240,900,000 for the fiscal year ending March 31, 2024, representing a 39.6% increase compared to RMB 888,600,000 in the previous fiscal year[6]. - The loss attributable to the owners of the company for the year was approximately RMB 197,400,000, an improvement from a loss of RMB 230,300,000 in the previous fiscal year[6]. - The basic loss per share for the year was approximately RMB 4.13, compared to RMB 5.03 in the previous fiscal year[6]. - The gross profit for the year was RMB 127,877,000, compared to RMB 121,238,000 in the previous year[6]. - The company reported a pre-tax loss of RMB 199,917,000, compared to RMB 236,956,000 in the previous fiscal year[6]. - Total revenue for the group reached RMB 1,240,904 thousand in 2024, representing a growth of 39.6% compared to RMB 888,622 thousand in 2023[37]. - Revenue from customer contracts recognized over time was RMB 1,240,813 thousand in 2024, up from RMB 887,282 thousand in 2023, indicating a growth of 39.9%[37]. - The group reported a pre-tax loss of RMB 801,221 thousand in 2024, significantly higher than the RMB 549,095 thousand loss in 2023, marking an increase of 45.8%[43]. - The group recognized a total tax expense of RMB 5,030 thousand in 2024, compared to a tax benefit of RMB 739 thousand in 2023[46]. - The company reported a basic loss attributable to ordinary equity holders of RMB 197,382,000 for the year ending March 31, 2024, compared to a loss of RMB 230,329,000 for the previous year[49]. Assets and Liabilities - Total non-current assets decreased to RMB 440,522,000 from RMB 640,107,000 in the previous year[14]. - Current assets totaled RMB 837,763,000, slightly down from RMB 858,113,000 in the previous year[14]. - Current liabilities increased to RMB 387,978 thousand in 2024 from RMB 239,415 thousand in 2023, representing a 62.2% increase[15]. - Total assets minus current liabilities decreased to RMB 890,307 thousand in 2024 from RMB 1,258,805 thousand in 2023, a decline of 29.3%[15]. - Non-current liabilities decreased significantly to RMB 69,616 thousand in 2024 from RMB 233,528 thousand in 2023, a reduction of 70.2%[15]. - Total equity decreased to RMB 820,691 thousand in 2024 from RMB 1,025,277 thousand in 2023, reflecting a decline of 20%[17]. - Cash and cash equivalents are not explicitly mentioned, but the net current assets decreased from RMB 618,698 thousand in 2023 to RMB 449,785 thousand in 2024, indicating a liquidity contraction[15]. - The company reported a significant increase in interest-bearing bank and other borrowings, rising to RMB 198,044 thousand in 2024 from RMB 68,500 thousand in 2023, an increase of 189.5%[15]. - The company’s retained earnings decreased from RMB 973,168 thousand in 2023 to RMB 776,159 thousand in 2024, a decrease of 20.2%[17]. - The total liabilities increased by RMB 102,580 thousand as of March 31, 2024, reflecting the impact of the new accounting standards[28]. Operational Highlights - The company established and renovated multiple self-operated contact service centers, increasing the total number of completed workstations to 18,794, covering first to fourth-tier cities[79]. - The company obtained 37 new software copyrights and 3 invention patents during the reporting period, reflecting its commitment to innovation in artificial intelligence and big data technology[78]. - The company is focused on enhancing customer satisfaction and sustainable business development while embracing AI and other cutting-edge technologies[75]. - The company has maintained its long-term strategy of innovation to adapt to changing consumer habits and behaviors[75]. - The company is actively exploring new business opportunities in the financial and internet live-streaming sectors to drive growth and enhance shareholder value[108]. - The company is expanding its digital marketing services, particularly in live e-commerce, to enhance service capabilities and adapt to market trends[110]. Market and Economic Outlook - The macroeconomic outlook for China in 2024 is characterized by a "comprehensive recovery," supported by policies aimed at stimulating economic growth and increasing market confidence[105]. - The service industry is expected to stabilize and improve, indicating a positive market outlook and increased employment opportunities[105]. - The company anticipates rapid recovery in its main customer sectors, including financial securities and internet industries, as the economy continues to recover[107]. - AI technology is evolving rapidly, and the company recognizes the growing value of data as a new production factor, presenting significant development opportunities[108]. Corporate Governance and Compliance - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance with local regulations[19]. - The audit committee has reviewed the accounting principles and practices adopted by the group, ensuring consistency with the preliminary announcement for the financial year ending March 31, 2024[117]. - The company's auditor, Ernst & Young, confirmed that the figures in the preliminary announcement align with the group's consolidated financial statements for the year[117]. - The company has maintained compliance with all regulatory requirements throughout the year[115]. - The board has resolved to abolish the position of compliance officer effective June 26, 2024, following amendments to the GEM listing rules[118]. Shareholder and Capital Management - The company did not recommend the payment of dividends for the year, consistent with the previous year[6]. - The total amount raised from the subscription of new shares was approximately HKD 235 million, with a net amount of about HKD 215 million after expenses[102]. - Approximately HKD 27 million of the net proceeds from the subscription will be used for existing business development, while HKD 105 million will be allocated for the expansion and acquisition of new media business related to live e-commerce and digital marketing[102]. - The net proceeds of approximately HKD 215 million will be allocated as follows: HKD 53.9 million for existing business development and HKD 161.1 million for general working capital[103]. - The revised allocation includes reallocating HKD 105 million originally intended for business expansion and acquisitions to enhance the group's financial position and liquidity[103]. Employee and Workforce - The total employee cost for the year was approximately RMB 809.3 million, with the number of employees increasing to 13,446 from 11,755 in 2023[95].
金慧科技(08295) - 2024 - 年度业绩