Financial Performance - The company's revenue for the fiscal year 2024 was HKD 125,070,000, a decrease of approximately 3.5% from HKD 128,923,000 in 2023[2] - Gross profit for 2024 was HKD 57,758,000, down from HKD 63,452,000 in the previous year, reflecting a decline of about 9.0%[2] - The net profit attributable to the company's owners for 2024 was HKD 8,613,000, a significant decrease of approximately 56.9% compared to HKD 19,991,000 in 2023[2] - Basic and diluted earnings per share for 2024 were HKD 2.15, down from HKD 5.00 in 2023, representing a decline of about 57.0%[2] - The group's revenue decreased from approximately HKD 128,900,000 for the year ended March 31, 2023, to approximately HKD 125,100,000 for the year ended March 31, 2024, a decrease of about 3.0%[160] - The group's net profit after tax decreased by approximately 56.9% from about HKD 20,000,000 for the year ended March 31, 2023, to about HKD 8,600,000 for the year ended March 31, 2024[186] - The group's net profit margin was approximately 6.9% for the year ended March 31, 2024, down from about 15.5% for the year ended March 31, 2023[186] Revenue Segments - Revenue from the financial printing services segment for 2024 was approximately HKD 63,800,000, a decrease of about 7.8% from HKD 69,200,000 in 2023[27] - The financial printing services segment accounted for approximately 51.0% of total revenue in 2024, down from 53.7% in 2023[27] - For the fiscal year ending March 31, 2024, the group's revenue from the financial printing services segment was approximately HKD 43 million, an increase of about 7.2% from approximately HKD 40.2 million in the previous year, accounting for about 34.4% of total revenue[49] - Revenue from the segment of "Performance Announcements and Financial Reports" decreased from HKD 69,197,000 in 2023 to HKD 63,770,000 in 2024, a decline of approximately 7.0%[118] - Revenue from the "Bond Circulars and IPO Prospectuses" segment decreased significantly from approximately HKD 4,000,000 in 2023 to about HKD 1,400,000 in 2024, a reduction of about 65.4%[133] - The segment revenue from "Company Announcements and Shareholder Circulars" was HKD 43,039,000 in 2024, compared to HKD 40,152,000 in 2023, reflecting an increase of approximately 4.7%[118] - The revenue from another segment for the fiscal year ending March 31, 2024, was approximately HKD 9.4 million, an increase of about 11.7% from approximately HKD 8.4 million in the previous year, mainly due to an increase in the number of IPO projects[50] - The revenue from a specific segment for the fiscal year ending March 31, 2024, was approximately HKD 7.5 million, an increase of about 4.9% from approximately HKD 7.1 million in the previous year, driven by increased market demand for various services[75] Expenses and Costs - The group's administrative expenses for the fiscal years ending March 31, 2024, and March 31, 2023, were approximately HKD 30.3 million and HKD 29.6 million, respectively, remaining relatively stable[55] - Sales and distribution expenses increased from approximately HKD 17,400,000 for the year ended March 31, 2023, to approximately HKD 19,200,000 for the year ended March 31, 2024, representing an increase of about 10.4%[77] - The total employee costs (excluding directors' remuneration) for the fiscal year ending March 31, 2024, were HKD 42.87 million, compared to HKD 40.86 million in the previous year[38] - Employee costs, including directors' remuneration, amounted to approximately HKD 53,300,000 for the year ended March 31, 2024, up from approximately HKD 48,800,000 for the year ended March 31, 2023[83] - The group's total service costs increased from approximately HKD 65,500,000 for the year ended March 31, 2023, to about HKD 67,300,000 for the year ended March 31, 2024, an increase of about 2.8%[182] Trade Receivables and Impairment - Trade receivables as of March 31, 2024, totaled HKD 32,170,000, an increase from HKD 27,461,000 in 2023[21] - The company recognized impairment losses on trade receivables of HKD 1,723,000 in 2024, compared to HKD 3,747,000 in 2023, indicating a reduction of approximately 54.0%[23] - Trade receivables impairment loss was approximately HKD 1,700,000 for the year ended March 31, 2024, compared to approximately HKD 3,700,000 for the year ended March 31, 2023[78] - The provision for trade receivables decreased slightly from HKD 5,556,000 in 2023 to HKD 5,362,000 in 2024[152] Cash and Assets - The group’s cash and bank balances increased to HKD 78,285,000 as of March 31, 2024, from HKD 68,466,000 the previous year[110] - The group's cash and cash equivalents were approximately HKD 68,500,000 and HKD 78,300,000 for the years ended March 31, 2023, and March 31, 2024, respectively[166] - The total assets less current liabilities amounted to HKD 110,885,000 for the year ended March 31, 2024, compared to HKD 100,682,000 for the previous year[110] - The group's total equity increased to HKD 109,295,000 as of March 31, 2024, compared to HKD 100,682,000 for the previous year[110] - The group had no secured assets as of March 31, 2024, consistent with the previous year[84] - The group has no capital commitments as of March 31, 2024, consistent with the previous year[62] Market Conditions and Future Outlook - The group is facing uncertainties in the financial printing industry due to specific industry factors and cautious market sentiment affecting fundraising activities[76] - The company has applied new Hong Kong Financial Reporting Standards for the fiscal year starting April 1, 2023, which may impact future financial reporting[6] - The group is monitoring and maintaining sufficient cash levels to mitigate liquidity risks and cash flow volatility[86] - The company continues to provide services to asset management companies and other financial institutions, indicating ongoing market expansion efforts[28] Dividends and Investments - The company did not recommend any final dividend for the year ending March 31, 2024, compared to HKD 32,000,000 in 2023[151] - The board of directors did not recommend any final dividend for the year ended March 31, 2024[176] - The group did not make any significant investments or acquisitions during the year ended March 31, 2024[168]
优越集团控股(01841) - 2024 - 年度业绩