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信保环球控股(00723) - 2024 - 年度业绩
RELIANCE GLOHLRELIANCE GLOHL(HK:00723)2024-06-27 13:48

Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 305,613,000, a decrease of 40% compared to HKD 509,326,000 in 2023[2] - The net loss for the year was HKD 9,669,000, compared to a loss of HKD 5,680,000 in the previous year, indicating a 70% increase in losses[4] - The company reported a net loss attributable to owners of HKD 4,453,000, compared to a profit of HKD 280,000 in the previous year[4] - The segment performance showed a loss of HKD 231,000 for the year ended March 31, 2024, compared to a profit of HKD 10,967,000 in the previous year[19] - The company recorded a revenue decline of 40% to HKD 305,613,000 for the fiscal year ending March 31, 2024, compared to HKD 509,326,000 in 2023[49] - The wood supply chain operations generated a revenue drop of 40% to HKD 295,421,000, with a loss of HKD 5,437,000, compared to a profit of HKD 4,310,000 in 2023[52] - The lending business experienced a revenue decline of 43% to HKD 10,192,000 in fiscal year 2024, down from HKD 17,838,000 in 2023, with profit dropping 66% to HKD 5,206,000[62] Cost and Expenses - The cost of sales for the same period was HKD 281,100,000, down from HKD 476,150,000, reflecting a 41% reduction[2] - The financing costs for the year ended March 31, 2024, were HKD 2,911,000, down from HKD 5,798,000 in the previous year, indicating a reduction of 50%[21] - The impairment loss on trade receivables increased to HKD 5,119,000 in 2024 from HKD 1,334,000 in 2023, reflecting a significant rise of 284%[23] - The impairment loss on receivables for the fiscal year 2024 was HKD 605,000, a significant decrease from a reversal of impairment loss of HKD 3,556,000 in 2023[66] Assets and Liabilities - The company's total assets decreased to HKD 238,511,000 from HKD 344,979,000, a decline of 31%[5] - The total liabilities as of March 31, 2024, were HKD 44,330,000, compared to HKD 126,188,000 in the previous year, indicating a reduction of 65%[19] - The total amount of loans receivable decreased to HKD 62,038,000 in 2024 from HKD 155,718,000 in 2023, with an impairment provision of HKD 8,832,000[37] - Trade receivables decreased to HKD 9,747,000 in 2024 from HKD 17,040,000 in 2023, with an increase in impairment provision from HKD 1,375,000 to HKD 6,454,000[31] Shareholder Information - The basic loss per share for the year was HKD 0.049, compared to a profit of HKD 0.003 in the previous year[4] - The company has no plans to declare dividends for the year ending March 31, 2024, consistent with the previous year[28] - The company does not recommend a final dividend for the fiscal year ending March 31, 2024, consistent with 2023[47] Business Operations - The traditional business model within the wood supply chain generated revenue of HKD 206,896,000, down 21% from HKD 260,646,000 in 2023, with a profit of HKD 2,916,000[53] - The optimized business model recorded revenue of HKD 88,525,000, a 62% decrease from HKD 230,842,000 in 2023, resulting in a loss of HKD 8,353,000[56] - The wood supply chain operations faced challenges due to a significant slowdown in the Chinese real estate sector, leading to a substantial decrease in sales orders[52] - The company aims to diversify its customer base, supply sources, and product types to enhance resilience against current market challenges[57] Financing and Investment - The company completed a placement of 1,822,980,000 new shares at a price of HKD 0.0193 per share, raising approximately HKD 34.3 million, with 60% allocated to expanding the wood supply chain business[45] - The group secured discount bill financing of $40,000,000, €5,000,000, and HK$100,000,000, enhancing financial flexibility for its timber supply chain business[71] - The group is actively seeking investment opportunities in sustainable forest management despite not holding any forest assets as of March 31, 2024[59] Financial Health - Cash and cash equivalents increased to HKD 76,064,000 from HKD 65,761,000, showing a growth of 16%[5] - The group's liquidity ratio improved to approximately 5.4 as of March 31, 2024, compared to 4.1 in 2023, indicating strong financial health[74] - The capital debt ratio improved to 10% as of March 31, 2024, down from 27% in 2023, attributed to a reduction in outstanding notes and bank borrowings[76] Audit and Compliance - The audited consolidated financial statements for the year ending March 31, 2024, have been reviewed by the audit committee and formally approved by the board of directors[86] - The preliminary announcement regarding the group's consolidated financial position and comprehensive income for the year ending March 31, 2024, has been agreed upon by the group's auditor, KPMG (Hong Kong), and is consistent with the audited financial statements[87]