Financial Performance - For the fiscal year ending March 31, 2024, the total revenue was HKD 239,688,000, a decrease of 8.7% from HKD 262,616,000 in the previous year[5] - The gross profit for the same period was HKD 37,499,000, representing a gross margin of 15.6%, compared to HKD 35,945,000 in the previous year[5] - Operating profit increased to HKD 11,077,000, up 8.7% from HKD 10,191,000 year-on-year[5] - The net profit for the year was HKD 8,110,000, slightly down from HKD 8,261,000 in the previous year, resulting in basic and diluted earnings per share of 10.14 HKD[5] - The group reported a pre-tax profit of HKD 8,110,000 for the fiscal year ending March 31, 2024, compared to HKD 8,261,000 in the previous year, reflecting a slight decrease of 1.8%[23] - The profit attributable to the owners of the company for the reporting period was approximately HKD 8.1 million, compared to HKD 8.3 million in the same period of 2023, primarily due to the absence of government subsidies related to COVID-19, which amounted to HKD 1,248,000 in 2023[48] Revenue Breakdown - Revenue from renovation projects was HKD 94,104,000, significantly up from HKD 11,012,000, indicating a growth of 754.5%[20] - Revenue from decoration projects decreased to approximately HKD 145.6 million, a decrease of about 42.1% from approximately HKD 251.6 million in the previous year[42] - The group’s revenue from major customers included HKD 43,509,000 from Customer 1 in renovation projects, down from HKD 75,486,000 in the previous year[27] Assets and Liabilities - Total assets as of March 31, 2024, amounted to HKD 169,648,000, an increase from HKD 114,275,000 in the previous year[7] - Current liabilities increased to HKD 126,574,000, compared to HKD 79,403,000 in the previous year, indicating a rise in financial obligations[7] - The company's total equity increased to HKD 45,838,000 from HKD 37,728,000, reflecting a stronger financial position[7] - Accounts receivable increased to approximately HKD 44.62 million, up from HKD 33.95 million in the previous year[36] Operational Focus - The company continues to focus on providing housing improvement solutions, including renovation and construction services for commercial and residential buildings[8] - The company plans to focus on opportunities in renovation and refurbishment projects in Hong Kong, particularly in commercial and residential developments[49] - Management believes that the construction industry in Hong Kong will thrive, with expected increases in workload, especially in the public sector, due to government plans to boost annual infrastructure spending[50] Compliance and Governance - The company has complied with the corporate governance code as per GEM listing rules, with a focus on accountability and transparency[76] - The audit and risk management committee is responsible for ensuring the financial statements present a true and balanced assessment of the group's financial position[78] - The company confirms that all directors adhered to the trading compliance standards during the reporting period[81] Stock Options and Employee Information - The share option plan allows for the issuance of up to 10,000,000 shares, representing approximately 12.5% of the company's issued share capital as of the announcement date[63] - As of March 31, 2024, the total number of unexercised stock options available for issuance under the stock option plan is 12,270,965 shares, representing approximately 15.3% of the issued shares as of the announcement date[73] - The company employed 45 staff members as of March 31, 2024, down from 46 staff members as of March 31, 2023[59] Miscellaneous - The company has not recommended any dividend for the year ended March 31, 2024, consistent with the previous year[32] - The company has not made any significant investments or acquisitions during the reporting period[56][57] - No significant events related to the group occurred after the reporting period[75] - The company did not purchase, sell, or redeem any of its listed securities during the reporting period[74]
艾硕控股(08341) - 2024 - 年度业绩