Financial Performance - Total revenue for the quarter ending March 31, 2024, was HKD 268,024,000, a decrease of 26.7% compared to HKD 365,561,000 for the same period in 2023[1] - Gross profit for the quarter was HKD 97,365,000, down from HKD 112,411,000, reflecting a gross margin of approximately 36.3%[1] - Operating profit decreased to HKD 39,709,000 from HKD 71,067,000, indicating a decline of 44.3% year-over-year[1] - Net profit for the quarter was HKD 38,716,000, compared to HKD 64,205,000 in the previous year, representing a decrease of 39.8%[1] - Earnings per share (EPS) for the quarter was HKD 3.0, down from HKD 5.0 in the same quarter last year[1] - Total revenue for the year ending March 31, 2024, was HKD 268,024,000, a decrease from HKD 365,561,000 for the year ending March 31, 2023, representing a decline of approximately 26.7%[30] - Basic earnings per share for the year ending March 31, 2024, was HKD 3.0, down from HKD 5.0 for the year ending March 31, 2023, indicating a decrease of 40%[32] - The company’s profit attributable to equity holders for the year ending March 31, 2024, was HKD 38,716,000, down from HKD 64,205,000 for the year ending March 31, 2023, reflecting a decrease of approximately 39.7%[32] Revenue and Customer Concentration - The top five customers accounted for approximately 99.3% of total revenue, with Customer A contributing HKD 83,250,000 and Customer B contributing HKD 82,633,000[13] - Revenue by geographical location for the year ending March 31, 2024: Japan contributed HKD 172,162,000, the US contributed HKD 71,252,000, Europe contributed HKD 16,492,000, and other regions contributed HKD 8,118,000[30] Expenses and Costs - Total expenses for the year ended March 31, 2024, amounted to HKD 233,322,000, a decrease of 22.6% from HKD 301,602,000 for the year ended March 31, 2023[16] - The cost of goods sold for the year ended March 31, 2024, was HKD 105,647,000, down 37.1% from HKD 167,949,000 for the year ended March 31, 2023[16] - Employee costs, including directors' remuneration, were HKD 56,645,000 for the year ended March 31, 2024, a decrease of 16.9% from HKD 68,142,000 for the year ended March 31, 2023[16] - Sales and distribution expenses increased by approximately HKD 16.4 million (approximately 364.4%) to about HKD 20.9 million in the fiscal year 2024, driven by marketing and distribution costs for launching personal care products in China and Hong Kong[84] - Administrative expenses slightly decreased by approximately HKD 1.7 million (4.8%) to about HKD 33.9 million in the fiscal year 2024[85] Assets and Liabilities - Cash and cash equivalents increased to HKD 253,573,000 from HKD 247,126,000, showing a growth of 2.0%[3] - Total assets amounted to HKD 475,916,000, up from HKD 456,779,000, reflecting a growth of 4.2%[3] - Total liabilities increased to HKD 61,805,000 from HKD 51,415,000, indicating a rise of 20.7%[5] - Trade receivables as of March 31, 2024, amounted to HKD 16.7 million, an increase from HKD 13.2 million as of March 31, 2023[49] - Trade payables as of March 31, 2024, were HKD 25.8 million, slightly up from HKD 24.4 million as of March 31, 2023[54] Corporate Governance and Shareholder Information - The company has a significant shareholder, Ace Champion, holding 468,750,000 shares, representing approximately 36.7% of the issued share capital[131] - The company has not granted any stock options under its stock option plan since its adoption on August 21, 2020, until March 31, 2024[136] - The company plans to review its corporate governance policies regularly to ensure compliance with governance codes[135] - The company has confirmed that no directors or senior management hold any interests in the company's shares or related securities as of March 31, 2024[127] Future Outlook and Strategic Plans - The group plans to continue focusing resources on developing its OBM business model, leveraging years of experience in product design and development[60] - The group aims to expand its business into the retail market, utilizing its rich technical knowledge and manufacturing capabilities[60] - The group is continuously reviewing the development plans for its OBM business to adapt to changing market conditions[61] - The group anticipates continued challenges through the fiscal year ending March 31, 2025, due to weak consumer sentiment and potential decreases in customer orders[80] - The company plans to continue monitoring industry developments and regularly review its business expansion plans[118] Compliance and Reporting - The company reported a comprehensive income statement for the year ending March 31, 2024, with figures consistent with the draft financial statements[169] - The annual report for the year ending March 31, 2024, will be published on the Hong Kong Stock Exchange website and the company's website at an appropriate time[170] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the accounting principles and internal controls for the fiscal year ending March 31, 2024[142]
科利实业控股(01455) - 2024 - 年度业绩