Financial Performance - Revenue for the fiscal year ended March 31, 2024, decreased by approximately 5.2% to about HKD 1,538,800,000, compared to HKD 1,623,500,000 for the fiscal year ended March 31, 2023[2] - Profit attributable to owners of the company for the fiscal year 2024 was approximately HKD 28,100,000, a decrease of about 47.4% from approximately HKD 53,500,000 in the fiscal year 2023[2] - Total comprehensive income for the year was HKD 40,241,000, compared to HKD 57,365,000 in the previous year[5] - The group's net profit for the year ended March 31, 2024, was approximately HKD 28,107,000, a decrease from HKD 53,501,000 in 2023, reflecting a decline of 47.5%[26] - The audited consolidated revenue for the fiscal year 2024 was approximately HKD 1,538.8 million, a decrease from HKD 1,623.5 million in the fiscal year 2023[43] - The net profit attributable to owners decreased to approximately HKD 28.1 million, a decline of 47.4% compared to HKD 53.5 million in the previous year[44] Profitability Metrics - Gross profit margin increased from approximately 13.6% in the fiscal year 2023 to about 15.9% in the fiscal year 2024, driven by an increase in e-commerce gross profit from approximately HKD 170,800,000 to HKD 214,100,000[2] - Adjusted profit attributable to owners, excluding non-recurring government subsidies, was approximately HKD 28,100,000, down about 11.7% from approximately HKD 31,800,000 in the fiscal year 2023[2] - The gross profit for fiscal year 2024 was approximately HKD 246 million, with a gross profit margin of about 15.9%, up from 13.6% in the previous fiscal year[43] Revenue Breakdown - The construction business generated revenue of HKD 1,212,063,000, down from HKD 1,373,748,000, representing a decline of 11.8%[17] - E-commerce business revenue increased to HKD 326,790,000, up 30.8% from HKD 249,825,000 in the previous year[17] Assets and Liabilities - Non-current assets as of March 31, 2024, amounted to HKD 4,828,000, compared to HKD 4,779,000 in the previous year[6] - Current assets decreased from HKD 706,766,000 in 2023 to HKD 617,413,000 in 2024[6] - Total liabilities decreased from HKD 254,966,000 in 2023 to HKD 141,866,000 in 2024[6] - Net assets attributable to owners of the company increased from HKD 445,551,000 in 2023 to HKD 470,294,000 in 2024[7] Cash Flow and Financing - The group had approximately HKD 227.6 million in cash and cash equivalents as of March 31, 2024, down from HKD 318.8 million in the previous year[47] - Financing income net amount reached HKD 3,007,000, significantly up from HKD 442,000 in 2023, marking a growth of 579%[22] Employee and Operational Metrics - Total employee benefits expenses, including directors' remuneration, amounted to HKD 273,914, an increase of 23% from HKD 222,639 in the previous year[20] - The group employed 1,118 staff as of March 31, 2024, an increase from 605 in the previous year[48] Dividends and Shareholder Returns - The board of directors did not recommend the payment of a final dividend for the fiscal year 2024[2] - The group did not declare or recommend any dividends during the year, consistent with the previous year[27] Government Subsidies and Support - The company received government subsidies of HKD 25,000 in the current year, a significant decrease from HKD 21,670,000 in the previous year[18] Future Outlook - The company anticipates a recovery in e-commerce business as the COVID-19 pandemic ends, with expectations of continued growth in the online retail market due to changing consumer habits[51] - The company remains confident in its future operational scale development despite challenges in the construction industry in Hong Kong, supported by government policies on land supply and infrastructure investment[51] Compliance and Governance - The company has adopted the corporate governance code and has complied with all applicable provisions up to March 31, 2024, with some deviations noted regarding the separation of roles between the chairman and CEO[54] - The audit committee, composed of three independent non-executive directors, has reviewed the consolidated financial statements for the year ending March 31, 2024[55] - The external auditor confirmed that the preliminary announcement figures are consistent with the audited consolidated financial statements for the year ending March 31, 2024[56] Other Financial Metrics - The current ratio improved from 2.8 times in 2023 to 4.4 times in 2024, primarily due to a decrease in trade payables[46] - The asset-to-liability ratio increased from 6.5% in 2023 to 6.7% in 2024, mainly due to an increase in bank borrowings[46]
智勤控股(09913) - 2024 - 年度业绩