Financial Performance - The company's revenue for the year ended March 31, 2023, was HKD 372,086,000, an increase of 9.4% compared to HKD 340,084,000 in the previous year[2] - Gross profit for the year was HKD 41,450,000, compared to a gross loss of HKD 20,843,000 in the previous year, indicating a significant turnaround[2] - The net profit attributable to equity holders of the parent was HKD 4,967,000, a recovery from a net loss of HKD 33,844,000 in the previous year[2] - The company reported a loss before tax of HKD 11,576,000, a significant improvement from a loss of HKD 39,219,000 in the previous year[2] - The basic and diluted earnings per share for the year was HKD 0.5 cents, recovering from a loss of HKD 3.4 cents per share in the previous year[2] - For the fiscal year ending March 31, 2023, the group diversified its business to include trading and brokerage services, establishing two reportable segments: i) Construction Services and ii) Trading and Brokerage[44] - The profit before tax for the construction services segment was HKD 32,966,000, while the trading and brokerage segment reported a loss of HKD 1,233,000[111] Assets and Liabilities - The company's total assets increased to HKD 307,863,000 from HKD 282,724,000, reflecting a growth of 8.9%[20] - Current assets rose to HKD 293,969,000, up from HKD 256,759,000, marking a 14.5% increase[3] - Current liabilities increased to HKD 91,237,000 from HKD 68,408,000, representing a rise of 33.3%[3] - The company's net current assets improved to HKD 202,732,000, compared to HKD 188,351,000 in the previous year, showing a growth of 7.6%[3] - The total equity attributable to equity holders of the parent increased to HKD 216,109,000 from HKD 211,142,000, a rise of 2.3%[3] - The total liabilities rose to HKD 91,754,000 in 2023 from HKD 71,582,000 in 2022, indicating an increase of about 28.1%[48] Revenue Segments - Revenue from Construction Services in the private sector was HKD 346,440,000 in 2023, up from HKD 315,487,000 in 2022, reflecting a growth of approximately 9.8%[53] - Revenue from Trading and Brokerage services increased significantly, with brokerage commissions rising to HKD 1,657,000 in 2023 from HKD 617,000 in 2022, a growth of about 168.4%[53] - The construction services segment generated revenue of HKD 370,321,000, while the trading and brokerage segment contributed HKD 1,765,000[111] Expenses and Costs - The cost of goods sold for the year was 78,214 thousand HKD, an increase from 57,987 thousand HKD in the previous year, indicating rising operational costs[33] - Administrative expenses rose from approximately HKD 18.1 million in the fiscal year 2021/2022 to approximately HKD 27.7 million in the fiscal year 2022/2023, an increase of about 53.4%[146] - The company reported a total financing cost of 163 thousand HKD, slightly down from 121 thousand HKD in the previous year[32] Cash Flow and Investments - As of March 31, 2023, the group's cash and cash equivalents amounted to approximately HKD 52.2 million, an increase from approximately HKD 31.0 million as of March 31, 2022[166] - The group acquired properties, plants, and equipment costing HKD 6,962,000 in 2023, compared to HKD 2,804,000 in 2022, marking an increase of about 148.5%[73] - The group had no capital commitments for the acquisition of properties, plants, and equipment as of March 31, 2023, compared to approximately HKD 4.7 million as of March 31, 2022[152] Government Grants and Other Income - Government grants received amounted to (11,176) thousand HKD, a significant decrease compared to previous periods[23] - The group’s income from government grants surged to HKD 11,176,000 in 2023 from HKD 561,000 in 2022, an increase of approximately 1,887.2%[53] - Other income increased from approximately HKD 3.1 million in the fiscal year 2021/2022 to approximately HKD 13.0 million in the fiscal year 2022/2023, representing a growth of about 325.2%[146] Future Outlook and Business Strategy - The company plans to continue expanding its construction services and trading and brokerage operations in Hong Kong[29] - The company expects to continue strict cost control measures and improve workflow efficiency in ongoing projects to enhance project management effectiveness[142] - The company is exploring additional business opportunities in Hong Kong to further broaden its revenue base[143] - The group is optimistic about the future outlook of the template engineering industry and believes it can seize emerging opportunities for business development[162] Corporate Governance and Compliance - The company has complied with the corporate governance code throughout the fiscal year 2022/23 and up to the date of this announcement, except for a deviation regarding the separation of the roles of Chairman and CEO[174] - The audit committee held two meetings during the fiscal year 2022/23 to review the audited consolidated financial statements and the unaudited interim financial statements[177] - The audit committee is responsible for reviewing and supervising the financial reporting process, internal controls, and risk management systems[193] Shareholder Information - The group did not declare or propose any dividends to ordinary shareholders for the fiscal years ending March 31, 2023, and 2022[72] - The board has proposed not to declare any final dividend for the fiscal year 2022/23, similar to the previous fiscal year[161] - Central Force holds an interest in 750,000,000 shares, accounting for approximately 75.00% of the total issued share capital of the company following the offer period[189]
银涛控股(01943) - 2023 - 年度业绩