Financial Performance - Revenue for the year ended March 31, 2024, was HKD 1,076,785, representing a 23% increase from HKD 877,322 in 2023[10]. - Gross profit for the same period was HKD 209,454, up 21% from HKD 173,741 in the previous year[10]. - Net profit for the year reached HKD 32,997, a 45% increase compared to HKD 22,727 in 2023[10]. - Basic earnings per share increased to HKD 1.9, up 58% from HKD 1.2 in the prior year[10]. - Other income for the year was HKD 11,428, compared to HKD 8,302 in 2023, indicating a growth of 38%[4]. - Total revenue for the fiscal year 2024 is approximately HKD 1,076.8 million, an increase of about 23% from HKD 877.3 million in 2023[90]. - The company's profit attributable to equity holders for 2024 is HKD 16,691,000, up from HKD 10,966,000 in 2023, representing a significant increase[68]. - The pre-tax profit for fiscal year 2024 was approximately HKD 43.3 million, up from HKD 30.5 million in fiscal year 2023[111]. Revenue Breakdown - Revenue from Information Technology Application and Solution Development Services for 2024 was HKD 81,288,000, up from HKD 71,563,000 in 2023, representing a growth of approximately 13.3%[38]. - Revenue from Information Technology Infrastructure Solution Services increased significantly to HKD 823,017,000 in 2024 from HKD 613,725,000 in 2023, marking a growth of about 34.1%[38]. - Revenue from Property Leasing reached HKD 1,076,329,000 in 2024, compared to HKD 877,322,000 in 2023, indicating an increase of approximately 22.7%[38]. - The group reported a decrease in revenue from Information Technology Borrowing Services, which fell to HKD 25,309,000 in 2024 from HKD 27,065,000 in 2023, a decline of about 6.5%[38]. - Revenue recognized at a point in time for the year ended March 31, 2024, was HKD 874,508,000, compared to HKD 693,516,000 for the previous year, indicating an increase of approximately 26.1%[55]. - Revenue recognized over time for the year ended March 31, 2024, was HKD 201,821,000, compared to HKD 183,806,000 for the previous year, reflecting a growth of about 9.0%[55]. Expenses and Liabilities - Total employee costs, including director remuneration, rose to HKD 174,149,000 in 2024 from HKD 160,244,000 in 2023, reflecting an increase of about 8.7%[44]. - The provision for Hong Kong profits tax for the year ended 2024 was HKD 10,863,000, compared to HKD 8,628,000 in 2023, which is an increase of approximately 26.0%[47]. - General and administrative expenses increased by approximately HKD 23.7 million or 18% to about HKD 152.5 million in fiscal year 2024, primarily due to increased employee costs[99]. - The total liabilities increased to approximately HKD 366.2 million from HKD 255.6 million in 2023, mainly due to an increase in trade and other payables and contract liabilities[156]. Assets and Equity - Total assets less current liabilities amounted to HKD 588,326, down from HKD 609,544 in 2023[6]. - Trade and other receivables increased to HKD 363,306 from HKD 310,880, reflecting a growth of approximately 17%[6]. - As of March 31, 2024, the group's total shareholder equity was approximately HKD 537.8 million, an increase from HKD 531.0 million in 2023[156]. - The group's current assets amounted to approximately HKD 679.7 million, up from HKD 576.1 million in 2023, primarily driven by cash and cash equivalents of approximately HKD 306.6 million, compared to HKD 216.9 million in 2023[156]. Corporate Governance and Compliance - The financial statements are prepared in accordance with the Hong Kong Financial Reporting Standards, with no significant impact on the consolidated financial statements due to the adoption of new and revised standards[30]. - The group has established an audit committee in compliance with listing rules and corporate governance guidelines[154]. - The audit committee currently consists of one non-executive director and two independent non-executive directors, ensuring appropriate professional qualifications and experience[194]. - The group will continue to adhere to corporate governance standards to enhance governance levels and meet stakeholder expectations[188]. Market and Future Outlook - The company plans to actively participate in more investment projects to expand its customer base and increase market share[89]. - The group aims to expand its sales channels and customer base, resulting in an increase in active customer numbers[113]. - The group continues to seek suitable investment targets that have profitability and growth potential to enhance future earnings[170]. - The group maintains a cautious optimism regarding business prospects despite market competition challenges[89].
扬科集团(01460) - 2024 - 年度业绩