Financial Performance - Revenue for the year ended March 31, 2024, was HKD 936,607,000, a decrease of 29.3% from HKD 1,325,806,000 in 2023[2] - Gross profit for the year was HKD 143,911,000, down 35.6% from HKD 223,292,000 in the previous year[2] - The net profit for the year was HKD 186,777,000, representing a decline of 71.7% compared to HKD 661,244,000 in 2023[2] - Basic earnings per share decreased to HKD 18.7 from HKD 63.6, a drop of 70.7%[3] - Total comprehensive income for the year was HKD 39,561,000, down 91.7% from HKD 478,957,000 in the previous year[3] - The company reported a pre-tax profit of HKD 199,473,000 in 2024, significantly lower than HKD 737,030,000 in 2023, indicating a decrease of about 72.9%[12] - The profit attributable to the company's owners was approximately HKD 177 million, down from HKD 615 million, representing a decrease of HKD 438 million[25] Assets and Liabilities - Non-current assets decreased to HKD 708,562,000 from HKD 2,333,655,000, a decline of 69.7%[4] - Current assets decreased to HKD 490,013,000 from HKD 780,415,000, a reduction of 37.1%[4] - Total liabilities decreased to HKD 382,984,000 from HKD 336,939,000, an increase of 13.7%[4] - Non-current assets in mainland China decreased to HKD 680,119,000 in 2024 from HKD 2,288,875,000 in 2023, a significant decline of about 70.3%[14] - Total assets amount to approximately HKD 2,907,000,000, with liabilities of HKD 406,000,000 and total equity of HKD 2,501,000,000[38] Revenue Segmentation - Revenue from the display segment decreased to HKD 936,607,000 in 2024 from HKD 1,325,806,000 in 2023, representing a decline of approximately 29.4%[12] - Segment profit for the display segment fell to HKD 54,956,000 in 2024, down from HKD 88,079,000 in 2023, a decrease of about 37.5%[12] - Total income from external customers in mainland China decreased to HKD 173,244,000 in 2024 from HKD 236,235,000 in 2023, a decline of approximately 26.7%[14] - Sales revenue from LCD, LCM, TFT, and CTP decreased by 23%, 33%, 40%, and 18% respectively, contributing HKD 138.3 million, HKD 368 million, HKD 167.3 million, and HKD 263 million to total revenue[25] Expenses and Income - Other income was approximately HKD 23.7 million, a decrease of HKD 8.2 million compared to HKD 31.9 million in the previous year[26] - Selling and distribution expenses were approximately HKD 78.2 million, a decrease from HKD 98 million, primarily due to reduced promotional and transportation costs[27] - Administrative expenses were approximately HKD 36.2 million, down from HKD 39.4 million, mainly due to lower employee-related costs[27] - Interest income decreased to HKD 14,340,000 in 2024 from HKD 22,213,000 in 2023, a decline of about 35.6%[12] Dividends and Shareholder Returns - The company declared a dividend of HKD 0.10 per share for the year ended March 31, 2024, down from HKD 0.25 per share in 2023, totaling HKD 96,011,000 compared to HKD 245,515,000 in the previous year[17] - The board has proposed a final dividend of HKD 0.05 per share for the year ending March 31, 2024, consistent with the previous year[41] - The company repurchased a total of 28,306,000 shares during the year[43] - The highest share repurchase price was HKD 3.50, while the lowest was HKD 2.75[44] Strategic Focus and Market Conditions - The company plans to continue focusing on the manufacturing and sales of display products, including LCDs and touch panel modules[6] - The group is focusing on expanding market share in PMOLED, electronic paper modules, and silicon-based OLEDs, particularly in emerging markets like AR and VR[30] - The group faces risks from geopolitical tensions, high interest rates, and competition in the display market, which may impact profitability[33] - The group maintains a cautious optimism regarding potential business growth despite external challenges, focusing on strengthening its position in engineering machinery, medical equipment, and charging stations[37] Audit and Compliance - Deloitte Touche Tohmatsu has verified the preliminary financial figures for the year ending March 31, 2024, against the audited consolidated financial statements approved by the board on June 28, 2024[47] - The company did not adopt the newly issued but not yet effective revised Hong Kong Financial Reporting Standards, expecting no significant impact on consolidated financial statements in the foreseeable future[10] Environmental and Social Responsibility - The group emphasizes environmental sustainability and has implemented measures to reduce its environmental footprint, including upgrading manufacturing facilities[34]
亿都(国际控股)(00259) - 2024 - 年度业绩