Financial Performance - For the fiscal year ending March 31, 2024, the company reported total revenue of HKD 3,239,055,000, a significant increase from HKD 276,007,000 in the previous year[3] - The gross profit for the same period was HKD 122,256,000, down from HKD 134,952,000, indicating a decrease of approximately 9.5%[3] - The company incurred a net loss of HKD 66,500,000 for the year, compared to a profit of HKD 27,222,000 in the previous year, reflecting a substantial decline[3] - Total comprehensive loss for the year amounted to HKD 17,782,000, a significant drop from a comprehensive income of HKD 83,807,000 in the prior year[6] - Total revenue for the fiscal year ending March 31, 2024, was HKD 239,055,000, with financial communication services contributing HKD 235,379,000 and international roadshows contributing HKD 3,676,000[27] - The company reported a basic and diluted loss per share of HKD (5.78) compared to a profit of HKD 2.36 per share in the previous year[6] - Revenue decreased from approximately HKD 276.0 million for the year ending March 31, 2023, to approximately HKD 239.1 million for the year ending March 31, 2024, representing a decline of about 13.4%[44] - The financial communications services segment generated revenue of approximately HKD 235.4 million for the year ending March 31, 2024, down approximately 14.7% from HKD 276.0 million in the previous year[45] - The international roadshow services segment recorded revenue of approximately HKD 3.7 million for the year ending March 31, 2024, compared to zero revenue in the previous year due to the pandemic[46] Assets and Liabilities - The company's total assets decreased to HKD 1,457,245,000 from HKD 1,475,027,000, indicating a reduction of approximately 1.2%[10] - The company’s non-current assets decreased to HKD 742,397,000 from HKD 818,679,000, a decline of approximately 9.3%[8] - The company’s total equity decreased slightly to HKD 1,457,245,000 from HKD 1,475,027,000, reflecting a decrease of about 1.2%[10] - Trade and other receivables decreased to HKD 39,356,000 from HKD 54,411,000, a decline of about 27.6%[8] - Trade receivables decreased from HKD 46.6 million in the previous year to HKD 36.1 million, a reduction of approximately 22.5%[42] - Trade payables decreased from HKD 76.3 million in the previous year to HKD 63.1 million, a decline of approximately 17.3%[43] - As of March 31, 2024, the group has pledged properties worth approximately HKD 525.4 million and investment properties worth HKD 26.0 million as collateral for bank credit facilities[51] - As of March 31, 2024, the group has no contingent liabilities[52] Cash Flow and Financial Strategy - Cash and cash equivalents increased to HKD 213,710,000 from HKD 75,540,000, representing a growth of approximately 182%[8] - The company maintained a healthy cash position with total bank balances and cash amounting to approximately HKD 213.7 million as of March 31, 2024, compared to HKD 75.5 million in the previous year[48] - The net debt ratio of the company was 0% as of March 31, 2024, consistent with the previous year, indicating no bank loans or overdrafts[48] - The company did not recommend the distribution of dividends for the year ended March 31, 2024, maintaining a conservative financial strategy[38] Operational Performance - The group reported a segment profit of HKD 79,858,000, with HKD 78,002,000 from financial communication services and HKD 1,856,000 from international roadshows[27] - The company incurred a pre-tax loss of HKD 60,700,000, impacted by various expenses including net exchange losses of HKD 23,159,000 and other unallocated corporate expenses of HKD 36,413,000[27] - The company recognized impairment losses on debt instruments amounting to HKD 10,237,000, highlighting challenges in asset valuation[28] - The company recognized impairment losses of approximately HKD 30.5 million related to debt instruments measured at fair value through other comprehensive income, compared to HKD 10.2 million in the previous year[47] - Employee costs, including retirement benefit plan contributions, amounted to HKD 24,530,000, indicating a focus on workforce management[28] - Employee costs totaled approximately HKD 45.5 million as of March 31, 2024, down from HKD 53.5 million in the previous year[58] Market Outlook and Strategic Plans - The Hong Kong IPO market is expected to recover in 2024, with an estimated 80 IPOs raising around HKD 100 billion, positioning Hong Kong back among the top five global IPO markets[54] - The group plans to utilize approximately HKD 124.9 million from the IPO proceeds for strategic acquisitions and related business investments, with a remaining balance of HKD 105.1 million[55] - The group has allocated approximately HKD 423.0 million from the proceeds for the creation of a mobile internet professional service platform, with a remaining balance of HKD 360.4 million[57] - The group maintains a stable market share in the Hong Kong IPO market and aims to leverage new opportunities as the market rebounds[54] Governance and Management - The chairman and CEO roles are currently held by Mr. Liu Tian Ni, who has over 20 years of experience in financial investment and financial communications[65] - The board believes that consolidating the chairman and CEO roles under one individual provides strong and consistent leadership for the company's strategic implementation[65] - The company will periodically review its governance structure based on prevailing circumstances[65] - The company secretary is Ms. Li Li Ju, as per the announcement dated June 28, 2024[68] - The independent non-executive directors include Ms. Li Ling Xiu, Ms. Lin Ying Rong, and Mr. Liang Zi Rong[69] - The company has adopted the standard code of conduct for directors' securities trading as per the listing rules, confirming compliance until March 31, 2024[66] Events and Announcements - The annual general meeting is scheduled for September 26, 2024, where the annual performance announcement will be made available on the company's website and the Hong Kong Stock Exchange[67] - There are no significant events reported after the fiscal year ending March 31, 2024[60] - The group has not engaged in any buybacks or redemptions of its listed securities as of March 31, 2024[61]
皓天财经集团(01260) - 2024 - 年度业绩