Financial Performance - The company reported a total revenue of HK$488.8 million for the year ended March 31, 2024, representing a year-on-year growth of 3.1%[20]. - The net profit for the same period was HK$49.0 million, reflecting a year-on-year increase of 3.0%[20]. - The gross profit for the year was HKD 235.9 million, an increase of HKD 7.9 million (or 3.4%), with a gross profit margin of 48.3%, slightly up from 48.1% last year[45]. - The company's net profit attributable to shareholders was HKD 49.0 million, up by HKD 1.4 million or 3.0% from the previous year[79]. - The adjusted profit before tax for the company was HKD 57,749,000, an increase from HKD 52,050,000 in the previous year, representing a growth of approximately 10.3%[161]. - The company reported a total tax expense of HKD 8,786,000 for 2024, compared to HKD 4,527,000 in 2023, indicating a significant increase of 94.9%[183]. Revenue Breakdown - Revenue from the media content distribution business was HK$322.5 million, with a year-on-year growth of 2.6%[20]. - Revenue from the brand licensing business reached HK$166.3 million, showing a year-on-year growth of 4.1%[20]. - Revenue from media content distribution remains the largest source of income for the group, accounting for 66.0% of total revenue, with a growth of 2.6% driven by increased demand for media content[43]. - The media content distribution segment generated revenue of HKD 314,454,000, while the brand licensing segment contributed HKD 159,701,000, totaling HKD 474,155,000[177]. - Media content distribution revenue for 2024 reached HKD 324,947,000, a 3.8% increase from HKD 314,454,000 in 2023[179]. - Brand licensing revenue for 2024 was HKD 166,314,000, up 4.5% from HKD 159,701,000 in 2023[179]. Strategic Initiatives - The company aims to continue investing in high-quality content and brands, with a focus on expanding its own content and brand portfolio[2]. - The company is preparing a new five-year strategic plan to be announced at the 2024 annual general meeting[16]. - The group has established strategic partnerships with global platforms including Bilibili, Crunchyroll, Disney+, iQIYI, and Netflix to enhance its content distribution network[22]. - The company plans to actively acquire and distribute various top-tier series and films in Asia to expand its distribution footprint globally[66]. - The company has established a new licensing agreement with BBC Studios Asia to promote the award-winning preschool animation "Bluey" in Southeast Asia[55]. Dividends and Shareholder Returns - The company has proposed a final dividend of HK$0.32 per share and a special dividend of HK$0.02 per share, totaling HK$1.23 per share for the reporting period[18]. - The company plans to propose a final dividend of HKD 0.32 per share for 2024, down from HKD 0.42 per share in 2023[184]. - The company declared an interim dividend of HKD 0.89 per share for 2024, an increase from HKD 0.70 per share in 2023[184]. Asset and Liability Management - The net asset value at the beginning of the year was HKD 23,888 million, decreasing to HKD 15,355 million by the end of the year, representing a decline of 35.5%[84]. - Total assets of the company amounted to HKD 909,958,000, with total liabilities at HKD 344,521,000[177]. - Total assets decreased to HKD 593,165,000 in 2024 from HKD 574,836,000 in 2023, reflecting a decline of 3.2%[191]. - The company reported a cash and bank balance of HKD 235.7 million as of March 31, 2024, down from HKD 281.7 million in 2023[141]. - Cash and cash equivalents decreased to HKD 235,727,000 in 2024 from HKD 281,742,000 in 2023, a decline of 16.3%[191]. Operational Highlights - The company has expanded its Ani-One® YouTube channels from 3 to 5, with over 5.5 million subscribers and over 1 billion views[6]. - The newly launched YouTube channels, Dongman Mi™ and Ani-Mi™ Asia, have rapidly gained subscribers, reaching 77,500 and 71,900 respectively[7]. - The company acquired two major animation film IPs, which have grossed approximately ¥8.75 billion and ¥4.23 billion at the Japanese box office as of March 31, 2024[10]. - The number of available effective media content copyrights increased to 702 as of March 31, 2024, from 656 the previous year[42]. - The number of available brands rose to 379, up from 260 year-on-year[42]. Cost Management - The company's sales cost rose by HKD 7.0 million (or 2.9%) to HKD 252.9 million, consistent with revenue growth[97]. - Sales and distribution expenses for the year were HKD 75.8 million, an increase of approximately HKD 15.4 million (or 25.6%) compared to the previous year[99]. - General and administrative expenses amounted to HKD 64.3 million, up HKD 7.1 million (or 12.3%) from the previous year[100]. Compliance and Governance - The company has confirmed compliance with relevant laws and regulations impacting its business operations during the reporting period[128]. - The company has maintained its capital structure without any changes during the reporting period[120]. - The company has not incurred any interest-bearing external borrowings, making capital debt ratio and debt equity ratio not applicable[143].
羚邦集团(02230) - 2024 - 年度业绩