Revenue and Profitability - Revenue for the fiscal year ended March 31, 2023, increased by approximately 3.1% to about HKD 1,623,600,000, compared to HKD 1,574,300,000 for the fiscal year ended March 31, 2022[2] - Profit attributable to owners of the company for the fiscal year 2023 was approximately HKD 53,500,000, an increase of about 37.9% compared to HKD 38,800,000 in the fiscal year 2022[2] - Adjusted profit attributable to owners, excluding non-recurring government subsidies, was approximately HKD 31,800,000, a decrease of about 18.0% from HKD 38,800,000 in the previous fiscal year[2] - Total comprehensive income for the year was HKD 57,365,000, compared to HKD 60,855,000 in the previous year[5] - The company reported a pre-tax profit of HKD 53,501, an increase from HKD 38,751 in the previous year, resulting in earnings per share of HKD 5.35 compared to HKD 3.88[30] Gross Profit and Margins - Gross profit margin decreased from approximately 20.5% in the fiscal year 2022 to about 13.6% in the fiscal year 2023, primarily due to a decline in e-commerce gross profit from approximately HKD 284,800,000 to HKD 170,800,000[2] - Gross profit for fiscal year 2023 was approximately HKD 221.2 million, with a gross margin of about 13.6%, down from 20.5% in fiscal year 2022[45] Dividends - The company did not recommend the payment of a final dividend for the fiscal year 2023[2] - The company did not declare any dividends during the year, consistent with the previous year[30] - The board does not recommend the payment of a final dividend for the year ended March 31, 2023[57] Assets and Liabilities - Non-current assets increased from HKD 4,644,000 to HKD 4,779,000, with property and equipment rising from HKD 2,227,000 to HKD 2,957,000[6] - Trade receivables increased significantly from HKD 96,952,000 to HKD 174,562,000, indicating improved collection or sales[6] - Current liabilities rose from HKD 170,682,000 to HKD 254,966,000, reflecting increased trade payables and bank borrowings[6] - The company's net asset value increased from HKD 403,552,000 to HKD 455,240,000, indicating a stronger financial position[7] - Total assets for the construction segment increased to HKD 601,724,000 from HKD 469,093,000 year-over-year, while e-commerce segment assets decreased to HKD 33,066,000 from HKD 73,197,000[17] - The total liabilities for the construction segment rose to HKD 221,538,000 from HKD 126,794,000, and the e-commerce segment liabilities decreased to HKD 32,204,000 from HKD 43,908,000[17] Segment Performance - For the fiscal year ending March 31, 2023, the reported segment revenue was HKD 1,623,573,000, with construction business revenue at HKD 1,373,748,000 and e-commerce business revenue at HKD 249,825,000[16] - The profit before tax for the construction segment was HKD 60,753,000, while the e-commerce segment reported a profit before tax of HKD 22,938,000, leading to a total profit before tax of HKD 74,432,000[16] - The construction business remains the primary revenue driver, while the e-commerce business is still in its growth phase, having launched operations in China during the previous fiscal year[14] Financial Reporting and Standards - The company applied the revised Hong Kong Financial Reporting Standards for the first time in the fiscal year ending March 31, 2023, but it did not have a significant impact on the financial statements[12] - The company is currently evaluating the potential impact of new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective[13] Cash Flow and Financing - As of March 31, 2023, the group held approximately HKD 318,800,000 in cash and cash equivalents, compared to approximately HKD 217,900,000 as of March 31, 2022[49] - The net financing income decreased to HKD 442 from HKD 900 in the previous year, primarily due to increased bank borrowing costs[26] - The net proceeds from the listing amounted to approximately HKD 97,000,000, fully utilized for project funding, general working capital, and labor expansion[50][51] Employee and Operational Metrics - The group had 605 employees as of March 31, 2023, down from 1,026 employees in 2022[52] - The average credit period for trade procurement remained between 15 to 60 days, consistent with the previous year[36] Customer Concentration - The company had three customers contributing over 10% of total revenue, with Customer A generating HKD 413,632, Customer B HKD 368,556, and Customer C HKD 175,947[20] Other Income and Expenses - Other income rose significantly to approximately HKD 22.1 million in fiscal year 2023, compared to HKD 1.9 million in the previous year, mainly due to increased government subsidies[45] - The total tax expense for the year was HKD 12,567, down from HKD 19,952 in the previous year, reflecting lower taxable income[27] Strategic Outlook - The group anticipates a recovery in e-commerce business following the end of the COVID-19 pandemic[55] - The company continues to assess its strategic decisions based on the performance of its operating segments, with a focus on resource allocation and profitability evaluation[15] Miscellaneous - The company has no significant contingent liabilities as of March 31, 2023, and believes insurance coverage will cover any potential claims from ongoing litigation[41] - The group has no significant contingent liabilities or major acquisitions during the fiscal year 2023[54] - The preliminary announcement of the group's consolidated financial statements for the year ended March 31, 2023, has been verified to be consistent with the audited financial statements[61] - The annual performance announcement is available on the company's website and the Hong Kong Stock Exchange website[62] - The board expresses gratitude to the management, employees, shareholders, and business partners for their support throughout the year[63]
智勤控股(09913) - 2023 - 年度业绩