Financial Performance - The group's revenue for the year ended March 31, 2024, was approximately HKD 299,364,000, an increase of about HKD 71,781,000 or 31.5% compared to the year ended March 31, 2023[6]. - The profit attributable to owners of the company for the year ended March 31, 2024, was approximately HKD 40,751,000, compared to a profit of approximately HKD 16,369,000 for the year ended March 31, 2023[6]. - The basic and diluted earnings per share for the year ended March 31, 2024, was HKD 5.09, compared to HKD 2.05 for the year ended March 31, 2023[8]. - The total revenue for the year from therapy services and skincare product sales was HKD 299,364,000, an increase from HKD 227,583,000 in the previous year, representing a growth of approximately 31.5%[33]. - The revenue from non-surgical medical beauty services was HKD 256,971,000, while the revenue from micro-invasive procedures was HKD 19,221,000, showing a significant increase from HKD 15,708,000 in the previous year[33]. - The revenue from skincare product sales was HKD 13,233,000, compared to HKD 886,000 in the previous year, reflecting a substantial increase[33]. - The revenue from traditional beauty services was HKD 9,939,000, slightly down from HKD 9,972,000 in the previous year, indicating a minor decline[33]. - The company reported a total of HKD 212,239,000 in recognized revenue during the reporting period, compared to HKD 269,631,000 in the previous year[36]. Assets and Liabilities - As of March 31, 2024, total assets decreased to HKD 82,951,000 from HKD 156,422,000 in 2023, representing a decline of approximately 47%[10]. - Non-current assets decreased from HKD 111,757,000 in 2023 to HKD 63,435,000 in 2024, a reduction of about 43%[10]. - Current assets increased to HKD 82,724,000 in 2024 from HKD 51,719,000 in 2023, marking an increase of approximately 60%[10]. - Current liabilities decreased from HKD 111,530,000 in 2023 to HKD 28,806,000 in 2024, a decrease of about 74%[10]. - Total liabilities decreased from HKD 152,094,000 in 2023 to HKD 111,530,000 in 2024, a reduction of approximately 27%[10]. - The company’s total non-current liabilities decreased from HKD 36,546,000 in 2023 to HKD 22,699,000 in 2024, a decrease of about 38%[11]. - The total outstanding debts amounted to approximately HKD 45.5 million as of March 31, 2024, down from HKD 66.4 million in 2023, including lease liabilities of HKD 35.5 million and bank borrowings of HKD 10.0 million[70]. Equity and Dividends - The company’s equity increased from HKD 19,501,000 in 2023 to HKD 60,252,000 in 2024, reflecting a growth of approximately 208%[11]. - The board of directors does not recommend the payment of any dividends for the years ended March 31, 2024, and March 31, 2023[6]. - No dividends were declared or recommended for the year ending March 31, 2024, consistent with the previous year[52]. Operational Highlights - The company has opened several new centers in 2023, including flagship centers in Mong Kok and Central, to enhance operational scale and market penetration[54]. - The company introduced multiple new brands in the past year, including "Angus' Beauty Concept" and "LASERKOOL," to diversify service offerings and attract a broader customer base[55]. - The group plans to leverage its strong customer base and reputation to drive steady business growth and maximize shareholder value in the future[58]. - The company plans to expand its service offerings to highlight competitive advantages as part of its strategic growth initiatives[55]. Financial Guidance and Standards - The group has adopted new Hong Kong Financial Reporting Standards effective from April 1, 2023, which include significant updates on insurance contracts and accounting estimates[19]. - The new standards are not expected to have a significant impact on the group's financial position or performance for the current and prior years[19]. - The group has not early adopted any new standards that have been issued but are not yet effective as of April 1, 2023[20]. - The Hong Kong Accounting Standards Board has indicated that the application of the new standards will not have a significant impact on the consolidated financial statements in the foreseeable future[22]. Employee and Operational Costs - The total employee costs for 2024 reached HKD 100,292,000, an increase from HKD 80,305,000 in 2023[41]. - Employee costs for the year ended March 31, 2024, were approximately HKD 100.3 million, up from HKD 80.3 million in the previous year, attributed to increased working days as fewer medical beauty centers were temporarily closed[62]. - The company reported a total of HKD 10,218,000 in accrued salaries for 2024, up from HKD 8,384,000 in 2023, indicating a 21.9% increase[49]. - Rental and related expenses for the year ended March 31, 2024, were approximately HKD 7.0 million, compared to HKD 2.9 million in the previous year, reflecting increased operational costs[63]. Audit and Compliance - The company has adopted the corporate governance code as per GEM listing rules and has complied with all applicable provisions as of March 31, 2024[88]. - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and policies, confirming compliance with applicable accounting standards and GEM listing rules[92]. - Financial data presented in the announcement has been reviewed by the audit committee and approved by the board, consistent with the draft consolidated financial statements for the year[93]. - The auditor, Long Cheng (Hong Kong) CPA Limited, confirmed that the financial figures align with the draft consolidated financial statements as of March 31, 2024[94].
亮晴控股(08603) - 2024 - 年度业绩