Revenue Performance - The total revenue for the year ended March 31, 2024, was HKD 4,356,161, compared to HKD 327,736 for the previous year, indicating a significant increase[3]. - The company's total revenue increased by approximately HKD 28.4 million or 8.7% from about HKD 327.7 million for the year ended March 31, 2023, to approximately HKD 356.2 million for the year ended March 31, 2024[68]. - The overall revenue increased by approximately HKD 28.4 million or 8.7% to about HKD 356.2 million for the year ended March 31, 2024, compared to approximately HKD 327.7 million for the year ended March 31, 2023[116]. - Revenue for the year ended March 31, 2024, was HKD 49,996,000, a decrease of 15.4% from HKD 59,103,000 in 2023[148]. - The revenue from warehousing and value-added services significantly increased to HKD 145,500,000 in 2024, up from HKD 100,290,000 in 2023, reflecting a growth of approximately 45.0%[191]. Financial Performance - The company reported a basic loss per share of HKD 0.85 for the year, a decrease from HKD 4.20 in the previous year, reflecting improved financial performance[5]. - The group recorded a loss of approximately HKD 4.5 million for the year ended March 31, 2024, a decrease from a loss of approximately HKD 20.2 million for the year ended March 31, 2023[53]. - The group reported a loss attributable to owners of HKD 4,457,000 for 2024, compared to a loss of HKD 20,175,000 in 2023, indicating an improvement in performance[154]. - The group recorded a pre-tax loss of HKD 4,772,000 in 2024, an improvement from a loss of HKD 20,362,000 in 2023[129]. Expense Management - Total comprehensive expenses for the year were HKD 4,302, compared to HKD 21,224 in the previous year, showing a reduction in expenses[4]. - Employee benefits expenses increased by approximately HKD 0.5 million or 1.1% to about HKD 48.4 million for the year ended March 31, 2024, primarily due to the absence of government subsidies received in the previous year[48]. - The group incurred employee costs of HKD 48,353,000 in 2024, slightly up from HKD 47,824,000 in 2023[178]. - Other income decreased by approximately HKD 2.9 million or 76.2% to about HKD 0.9 million for the year ending March 31, 2024, compared to approximately HKD 3.8 million for the year ending March 31, 2023[69]. - Warehousing operating costs increased by approximately HKD 5.5 million or 22.8% to about HKD 29.4 million for the year ending March 31, 2024, compared to approximately HKD 23.9 million for the year ending March 31, 2023[73]. Asset and Liability Management - The total assets less current liabilities stood at HKD 5,280, compared to HKD 4,800 in the previous year, indicating a positive trend in asset management[9]. - The company's total liabilities were HKD 37,761, with current liabilities accounting for HKD 37,288, indicating a high level of short-term obligations[28]. - The net debt-to-equity ratio improved to approximately 91.1% as of March 31, 2024, compared to approximately 189.4% as of March 31, 2023[55]. - The current ratio improved to approximately 1.0 times as of March 31, 2024, compared to about 0.8 times as of March 31, 2023[80]. - Total equity increased to HKD 36,467,000 in 2024 from HKD 33,436,000 in 2023, reflecting a stronger financial position[158]. Operational Efficiency - The trade receivables turnover days improved to approximately 43 days for the year ended March 31, 2024, down from approximately 54 days for the year ended March 31, 2023[54]. - The trade payables turnover days decreased to approximately 38 days for the year ending March 31, 2024, from about 42 days for the year ending March 31, 2023[76]. - The company plans to continue implementing strict cost control measures to enhance overall operational efficiency[189]. - The company is evaluating the profitability of its current warehouse operations to optimize overall profitability[189]. Client and Market Dynamics - The logistics sector has seen significant growth due to the surge in e-commerce, increasing demand for logistics and delivery services[125]. - The company successfully renewed contracts with two major clients, reflecting strong customer relationships and trust[189]. - Customer A contributed HKD 131,829,000 in revenue for 2024, slightly down from HKD 133,727,000 in 2023, while Customer B's revenue increased significantly to HKD 121,855,000 from HKD 97,985,000[148]. Future Outlook and Governance - The company aims to continue developing logistics solutions to meet the significant growth in e-commerce demand[44]. - The group has not made any significant investments or acquisitions during the year ended March 31, 2024, and there are no future plans for significant investments or acquisitions of capital assets[96]. - The group will adjust its overall capital structure through dividend payments, issuing new shares, and repaying debts[95]. - The audit committee expressed satisfaction with the review of the auditor's remuneration and independence, recommending the reappointment of the auditor for the financial year ending March 31, 2025, subject to shareholder approval at the upcoming annual general meeting[103].
亚洲速运(08620) - 2024 - 年度业绩