Financial Performance - Revenue for the year ended March 31, 2024, was HKD 1,400,300,000, a decrease of 3.0% from HKD 1,443,500,000 in 2023[3] - Gross profit for the same period was HKD 203,300,000, slightly up from HKD 202,900,000 in 2023, indicating a marginal increase of 0.2%[3] - Profit attributable to equity holders was HKD 32,100,000, down 46.4% from HKD 59,800,000 in the previous year[3] - Basic earnings per share decreased to HKD 0.1126 from HKD 0.2100, reflecting a decline of 46.6%[3] - Total comprehensive income for the year was HKD 9,963,000, down from HKD 25,768,000 in 2023, representing a decline of 61.2%[6] - Operating profit for the year was HKD 84,291,000, with net profit amounting to HKD 60,075,000, reflecting a decrease from the previous year's net profit[27] - The total income tax expense for 2024 is 9,139,000 HKD, down 15.4% from 10,797,000 HKD in 2023[37] Dividends - The board recommended a final dividend of HKD 0.04 per share, consistent with the previous year's final dividend, but total annual dividends decreased to HKD 0.08 from HKD 0.12[3] - The interim dividend paid for the period ending September 30, 2023, is 11,392,000 HKD, down from 14,240,000 HKD in 2023[45] - The company plans to propose a final dividend of 4.0 HKD per share for the year ending March 31, 2024, totaling approximately 11,392,000 HKD[44] Assets and Liabilities - Total assets decreased to HKD 1,079,098,000 from HKD 1,231,230,000, a reduction of 12.3%[8] - Total liabilities decreased to HKD 296,062,000 from HKD 426,830,000, a decline of 30.6%[10] - The total assets as of March 31, 2024, were HKD 1,079,098,000, compared to HKD 1,231,230,000 in 2023, indicating a decrease in total assets[23][21] - The total liabilities as of March 31, 2024, were HKD 296,062,000, down from HKD 426,830,000 in 2023, showing a reduction in total liabilities[23][21] Cash Flow and Financing - Cash and cash equivalents increased to HKD 161,874,000 from HKD 138,225,000, an increase of 17.2%[8] - The group's net cash position improved to HKD 121.1 million as of March 31, 2024, compared to HKD 0.9 million a year earlier, reflecting effective cost control strategies[64] - The group reported a total bank borrowings of HKD 40.8 million as of March 31, 2024, significantly reduced from HKD 137.3 million a year earlier, indicating improved financial health[64] - The group has no collateralized assets for bank financing as of March 31, 2024, ensuring flexibility in financial operations[68] Segment Performance - The electronic products segment generated sales of HKD 1,160,200,000, down 6.7% year-on-year, accounting for 82.9% of total sales[56] - The pet business achieved sales of HKD 240,100,000, an increase of 20.3% year-on-year, representing 17.1% of total sales[59] - The segment performance for electronic products showed a profit of HKD 48,389,000, while the pet-related products segment contributed HKD 4,921,000[17] Market Outlook and Strategy - The company plans to continue focusing on market expansion and product development to drive future growth[27] - The company plans to enhance its IoT product offerings and has established a dedicated IoT department for diversified product development[57] - The group plans to leverage the growing adoption of IoT technology driven by 5G to enhance its diversified business layout and capture new market opportunities[63] - The company maintains a cautiously optimistic outlook for the second half of 2024, anticipating stable growth in electronic products and further orders in the IoT sector[60] Corporate Governance - The board of directors has committed to high standards of corporate governance, complying with applicable codes except for the separation of the roles of chairman and CEO until July 1, 2023[73] Employee Information - The group employed approximately 2,364 staff as of March 31, 2024, with a compensation policy that includes various benefits and performance bonuses[70] Other Information - No significant events occurred after March 31, 2024, until the date of this announcement[78] - The annual general meeting is scheduled for August 15, 2024, at 3:00 PM at a specified location in Hong Kong[80] - Financial and other relevant information will be published on the Hong Kong Stock Exchange website and the company's website[81]
信佳国际(00912) - 2024 - 年度业绩