Financial Performance - The company's profit for the year ended March 31, 2023, was HKD 126,263,000, compared to HKD 41,936,000 in the previous year, representing a significant increase[2] - Earnings attributable to the owners of the company were HKD 89,308,000, up from HKD 12,762,000 year-on-year[3] - The total revenue for the year was HKD 366,770,000, a decrease from HKD 520,579,000 in the previous year, indicating a decline of approximately 29.3%[19] - The revenue from the sale of oil and liquid chemical products was HKD 201,223,000, down from HKD 361,187,000, reflecting a decrease of about 44.3%[19] - The company reported a net profit attributable to shareholders of HKD 89,308 thousand for the year ended March 31, 2023, compared to HKD 12,762 thousand in the previous year, representing a significant increase[50] - The group recorded a gross profit of approximately HKD 162 million for the year, compared to HKD 165 million in the previous year, indicating a slight decrease[37] - The total comprehensive income for the year was HKD 33,117,000, down from HKD 74,576,000 in the previous year[115] - The company recorded a net profit before tax of HKD 153,152,000, compared to HKD 73,779,000 in the previous year, reflecting a significant increase[122] Revenue Sources - Investment property rental income was HKD 157,472,000, slightly up from HKD 156,290,000 year-on-year[19] - Revenue from port and storage facility rental income was approximately HKD 157,000,000, slightly up from HKD 156,000,000 in 2022[83] - Revenue from agency services and trading of oil and liquefied products totaled approximately HKD 209,000,000, down from HKD 364,000,000 in 2022[83] - The group generated rental income of approximately HKD 157 million during the year[64] Assets and Liabilities - The company's total assets decreased from HKD 1,983,897,000 to HKD 1,572,184,000, a decline of approximately 20.7%[8] - The company's total assets less current liabilities stood at HKD 1,779,616,000, compared to HKD 1,848,546,000 in the previous year[119] - The total liabilities classified amounted to HKD 785,003 million as of March 31, 2023[42] - The total liabilities of the group were approximately HKD 826 million, a decrease from HKD 1,109 million in 2022, resulting in a debt-to-equity ratio of 0.41 compared to 0.47 in 2022[66] - The company's bank borrowings decreased from HKD 276,461,000 to HKD 154,265,000, a reduction of about 44.3%[7] - The group reported trade payables of zero as of the reporting period, compared to HKD 12.77 million in 2022[81] Financial Management - Interest income decreased to HKD 3,983 million from HKD 8,957 million year-on-year, reflecting a significant decline[39] - Interest expenses on bank and other borrowings increased to HKD 14,270 thousand in 2023 from HKD 9,731 thousand in 2022[45] - The company reported a decrease in financial costs to HKD 16,455,000 from HKD 25,531,000 in the previous year, indicating improved financial management[109] - The company has maintained compliance with applicable corporate governance codes throughout the year, except for a deviation from code provision C.1.6[149] Shareholder Information - The company did not declare or recommend any dividends for the year ending March 31, 2023, consistent with the previous year[28] - The company has not proposed any dividend payments for the current year, consistent with the previous year[70] - The company has no potential dilutive ordinary shares, resulting in basic earnings per share being the same as diluted earnings per share[52] Future Plans and Developments - The company plans to resume self-operation of at least some port and storage facilities after the expiration of the renewed port lease agreement, with a monthly rental of RMB 12,500,000 until July 31, 2023[98] - The company plans to expand its business into the financial services sector following the acquisition of an insurance brokerage firm, aiming to create value for shareholders[99] - The company expects to generate significant income through leasing or self-operation of port and storage facilities post the short-term lease agreement[98] Compliance and Governance - The company has not applied any new accounting standards or interpretations that have not yet come into effect during the reporting period[11] - The audit committee is currently composed of three independent non-executive directors, with Mr. Tang Qingbin serving as the chairman[157] - The company plans to publish its annual report by the end of July 2023, which will include all information required by the listing rules[159] - The company has adopted the revised Hong Kong Financial Reporting Standards for the reporting period[146] Miscellaneous - The company’s exploration rights for titanium mining have been affected due to unauthorized transfer of exploration licenses[135] - The company recorded a fair value adjustment of HKD 12,964 thousand for the year ended March 31, 2023, compared to HKD 8,986 thousand in the previous year[53] - The fair value loss on preferred shares was HKD 19,453 million, an improvement from HKD 38,800 million in the previous year[40]
能源国际投资(00353) - 2023 - 年度业绩