Financial Performance - Total revenue for the year ended March 31, 2023, was HKD 1,325,806,000, an increase of 4.7% from HKD 1,266,641,000 in the previous year[2] - Gross profit for the same period was HKD 223,292,000, up from HKD 199,656,000, reflecting a gross margin improvement[2] - Net profit for the year was HKD 661,244,000, representing a significant increase of 134% compared to HKD 282,353,000 in the prior year[2] - The company reported a total comprehensive income of HKD 478,957,000, compared to HKD 381,575,000 in the previous year, indicating a growth of 25.5%[3] - Basic earnings per share for the year was HKD 27.3, compared to HKD 27.1 in the previous year[4] - The total profit before tax for 2023 was HKD 737,030,000, significantly up from HKD 306,388,000 in 2022, representing an increase of 140.5%[12] - Profit attributable to the company's owners for the year was HKD 615,100,000, a significant increase of approximately HKD 348,500,000 from HKD 266,600,000 in the previous year[23] Assets and Liabilities - Non-current assets decreased to HKD 2,333,655,000 from HKD 2,235,730,000, primarily due to a reduction in property, plant, and equipment[5] - Current assets increased to HKD 780,415,000 from HKD 742,482,000, driven by a rise in cash and cash equivalents[5] - Total equity increased to HKD 2,658,857,000 from HKD 2,491,964,000, reflecting a strong financial position[6] - The total non-current assets as of March 31, 2023, were HKD 2,300,777,000, compared to HKD 2,190,197,000 in 2022, reflecting an increase of 5%[14] - The total assets of the group were approximately HKD 3,114,100,000, with liabilities of HKD 455,200,000 and total equity of HKD 2,658,900,000[34] Revenue Segments - The revenue from the display segment for 2023 was HKD 1,325,806,000, an increase of 4.6% compared to HKD 1,266,641,000 in 2022[12] - The operating profit for the display segment in 2023 was HKD 88,079,000, a decrease of 10.5% from HKD 98,555,000 in 2022[12] - Revenue from external customers in mainland China for 2023 was HKD 236,235,000, down from HKD 274,759,000 in 2022, a decrease of 14%[14] - Sales of capacitive touch panels (CTP) and thin-film transistor modules (TFT) increased by 57% and 35% to HKD 320,600,000 and HKD 278,900,000, respectively[23] Expenses and Provisions - The income tax expense for 2023 was HKD 49,558,000, compared to HKD 16,589,000 in 2022, indicating a significant increase due to the sale of equity stakes[16] - Selling and distribution expenses increased to approximately HKD 98,000,000 from HKD 81,900,000, mainly due to promotional expenses and employee-related costs[25] - The company recorded a credit loss provision of HKD 56,600,000 for debt investments, compared to HKD 1,300,000 in the previous year[24] Dividends and Shareholder Returns - Total dividends proposed for the year are HKD 97,175,000, compared to HKD 49,654,000 in the previous year[18] - The company has proposed a final dividend of HKD 0.05 per share and a second special dividend of HKD 0.05 per share for the year ending March 31, 2023, pending shareholder approval[38] - The company repurchased a total of 19,155,171 shares during the year, reflecting a commitment to enhance shareholder value[40] Corporate Governance and Compliance - The board believes that corporate governance is crucial for success and has adopted measures to maintain high standards[42] - The audit committee reviewed the accounting principles and practices adopted by the group, ensuring compliance with financial reporting standards[43] - The company has not adopted the new and revised Hong Kong Financial Reporting Standards that are effective from January 1, 2023, and beyond, as they are not expected to have a significant impact on the financial statements[9] Future Outlook and Strategy - The company plans to continue expanding its product offerings in LCD and related technologies, focusing on innovation and market penetration[7] - The company expects that the application of new accounting standards will not have a significant impact on its consolidated financial statements in the foreseeable future[10] - The group is confident in long-term growth opportunities despite external challenges such as high inflation and geopolitical tensions[33] Shareholder Information - The annual performance announcement is published on the Hong Kong Stock Exchange website and the company's website[45] - The annual report will be sent to shareholders and published at an appropriate time on the Hong Kong Stock Exchange and the company's website[45] - The company will suspend share transfer registration from September 15 to September 21, 2023, to determine voting rights at the upcoming annual general meeting[39] Supplier and Procurement - The largest supplier accounted for 13% of procurement in 2023, up from 7% in 2022, while the top five suppliers represented 32% of procurement, an increase from 27%[37] - The company has no major concentration risk in sales and procurement due to the diversified nature of its customers and suppliers[37]
亿都(国际控股)(00259) - 2023 - 年度业绩