Financial Performance - Total revenue for the year ended March 31, 2024, was HKD 289,980,000, a decrease of 32.5% compared to HKD 429,940,000 for the previous year[6] - Cost of sales for the same period was HKD 275,705,000, down 33.4% from HKD 413,699,000[6] - Gross profit decreased to HKD 14,275,000, representing a decline of 12.1% from HKD 16,241,000[6] - Other income for the year was HKD 5,494,000, down 28.2% from HKD 7,655,000[6] - Operating expenses were HKD 14,266,000, a reduction of 22.9% compared to HKD 18,378,000 in the previous year[6] - The company reported a net loss of HKD 8,648,000, compared to a net loss of HKD 4,837,000 in the previous year, indicating a worsening of 79.5%[6] - Basic and diluted loss per share was HKD 6.29, compared to HKD 3.96 in the previous year[6] - The overall comprehensive loss for the year was HKD 9,557,000, compared to HKD 6,157,000 in the previous year[6] Assets and Liabilities - Total assets decreased from HKD 128,960,000 to HKD 114,941,000, a decline of approximately 10.9% year-over-year[7] - Current liabilities reduced from HKD 82,176,000 to HKD 71,101,000, representing a decrease of about 13.5%[7] - Cash and cash equivalents significantly dropped from HKD 28,557,000 to HKD 10,452,000, a reduction of approximately 63.4%[7] - Non-current assets decreased from HKD 55,708,000 to HKD 48,882,000, a decline of about 12.3%[7] - Total equity fell from HKD 101,254,000 to HKD 91,697,000, a decrease of approximately 9.4%[7] - The company’s total liabilities decreased from HKD 82,176,000 to HKD 71,101,000, a reduction of about 13.5%[7] Revenue Breakdown - The group's revenue from customer contracts for 2024 was HKD 289,980,000, a decrease of 32.5% compared to HKD 429,940,000 in 2023[19] - Revenue from diesel, marine diesel, and lubricants sales for the year ended March 31, 2024, was approximately HKD 284.9 million, HKD 3.7 million, and HKD 1.4 million, accounting for approximately 98.2%, 1.3%, and 0.5% of total revenue, respectively[55] Employee and Operational Costs - Total employee costs, including director remuneration, increased to HKD 10,686,000 in 2024 from HKD 10,085,000 in 2023, an increase of 5.9%[29] - Administrative expenses decreased from approximately HKD 18.4 million for the year ended March 31, 2023, to approximately HKD 14.3 million for the year ended March 31, 2024, mainly due to a reduction in legal and professional fees[60] - Other operating expenses decreased from approximately HKD 6.5 million for the year ended March 31, 2023, to approximately HKD 5.3 million for the year ended March 31, 2024, primarily due to reduced operating expenses in automotive and marine transportation[61] Shareholder and Corporate Governance - The company did not recommend any dividend for the year ending March 31, 2024, consistent with the previous year[31] - The average number of ordinary shares for 2024 was 137,520,000, up from 122,053,000 in 2023, indicating an increase in share count[34] - The company has adopted a code of conduct for directors regarding securities trading, which complies with GEM listing rules[86] - The board is committed to establishing and maintaining high standards of corporate governance[89] - The company has implemented a shareholder communication policy to ensure timely access to relevant information for shareholders[92] Environmental and Regulatory Compliance - The group recognizes the importance of environmental protection and has implemented multiple measures to minimize its impact on the environment and natural resources[75] - As of the announcement date, the group is not aware of any violations of environmental laws or regulations that have resulted in prosecution, fines, or penalties[76] Future Outlook and Strategy - The group aims to strengthen its market position in the diesel and marine diesel sectors in Hong Kong, focusing on talent acquisition and business development strategies[44] - The outlook for diesel and marine diesel sales in Hong Kong is optimistic due to stable investments in public infrastructure projects[48]
F8企业(08347) - 2024 - 年度业绩