Financial Performance - Jiading International Group Holdings Limited announced its audited consolidated results for the year ending March 31, 2024[2]. - The Group recorded a revenue of approximately HK$112.7 million for the year ended 31 March 2024, representing an increase of 16.07% compared to approximately HK$97.1 million in the previous year[22]. - The Group reported a loss of approximately HK$16.1 million for the reporting period, a significant improvement from a loss of approximately HK$67.2 million in the last year[22]. - Revenue increased by 16.07% to approximately HK$15.6 million compared to HK$97.1 million in the previous year, with a loss attributable to owners of approximately HK$21.1 million, down from HK$67.2 million[72]. - Gross profit margin improved significantly to 21.74%, up from 13.9% in the previous year, primarily due to increased contributions from new business[73]. - The Group's revenue for the year ended 31 March 2024 was approximately HK$112.7 million, representing a 16.07% increase from HK$97.1 million in the previous year, primarily driven by the Advertising Services Segment in Hong Kong[40]. - The Group's revenue from the five largest customers accounted for 42.9% of total revenue for the year, with the largest customer contributing 14.3%[168]. Business Operations and Strategy - The report aims to provide relevant information regarding the company's operations and financial status[11]. - The Group is exploring innovative designs and technologies in the new energy battery segment to improve product quality and increase revenue in the coming year[27]. - The Group plans to monitor the advertising market closely and implement strategic cost controls while seeking new business opportunities[26]. - The Group aims to inject driving power for long-term growth by exploring new business areas in response to the improving domestic economy in the PRC[33]. - The Group's strategic plan includes a focus on technology development in graphene batteries, enhancing product design, safety, and recharging capabilities[54]. - The Group aims to integrate its new energy battery business with the new energy off-road vehicle business to reduce costs and enhance market competitiveness[53]. - The Group's investment in the health industry is expected to contribute positively to its long-term growth, capitalizing on the increased global focus on daily health care due to the COVID-19 pandemic[55]. Acquisitions and Investments - The Group acquired Weishi (Shenzhen) New Energy Technology Development Co., Ltd. on 26 June 2023, which specializes in new energy off-road vehicles, aiming to integrate this business with its new energy battery operations[28]. - The Group also acquired 51% of Zixing Health Technology (Shenzhen) Co. Ltd. on 30 August 2023, focusing on health care products utilizing advanced technologies[32]. - The acquisition of Zixing Health on August 30, 2023, is expected to contribute approximately HK$33.7 million in sales from health products, including small molecule peptide supplements[59]. - The acquisition of 51% equity interest in Zixing Health Technology for RMB5.1 million was completed on 30 August 2023, aimed at tapping into the growing healthcare products market in China[92]. Financial Health and Risks - Impairment losses on trade receivables decreased significantly to approximately HK$6.8 million from HK$43.0 million in the previous year, indicating improved financial health[75]. - The Group's administrative expenses increased by 4.11% to approximately HK$32.9 million, reflecting investments in expanding operations and recruiting additional personnel for new health product initiatives[74]. - Total finance costs decreased by 45.6% to approximately HK$1.9 million, down from HK$3.4 million, due to reduced interest payments on borrowings[81]. - Cash and cash equivalents decreased to approximately HK$6.7 million from HK$16.0 million, attributed to high demand for financial resources for operations and strategic investments[82]. - Outstanding borrowings decreased by 38.54% to approximately HK$16.1 million from HK$26.1 million, resulting in a gearing ratio of 10.1%, down from 20.1%[83]. - The Group's financial risks have been disclosed in note 6 to the consolidated financial statements[140][146]. Corporate Governance and Compliance - The board of directors collectively accepts full responsibility for the accuracy and completeness of the report[9]. - The company is required to comply with the GEM Listing Rules of the Stock Exchange of Hong Kong Limited[4]. - The company has adopted a share option scheme as an incentive for Directors and eligible employees[190]. - The emoluments of Directors and senior management are determined with reference to market rates and individual performance[189]. - The company has received annual confirmations of independence from all Independent Non-Executive Directors as of the report date[180]. - The Group has no unexpired service contracts for Directors that are not determinable within one year without compensation[182]. Market Outlook - The GDP of the PRC grew by 5.2% in 2023, indicating a positive business environment and better market opportunities in the second half of 2024[21]. - The demand for green technologies and products is expected to grow strongly due to rising energy prices and favorable green energy policies in the PRC[33]. - The Group anticipates improved prospects for the advertising business in 2024 due to better macroeconomic conditions and increased advertising budgets from clients[66]. - The Chinese economy is expected to perform better in 2024, supported by government policies promoting new energy industries and boosting domestic demand[62]. Shareholder Information - As of March 31, 2024, Mr. Mou Zhongwei holds 153,500,000 shares, representing approximately 8.36% of the total shareholding[197]. - The total number of issued shares as of March 31, 2024, is 1,834,136,305 shares[199]. - Ms. Wang Dongmei holds 9,926,000 shares, which is approximately 0.54% of the total shareholding[197]. - Mr. Li Guangying holds 6,000,000 shares, representing approximately 0.32% of the total shareholding[197]. Dividends and Reserves - The Group did not recommend the payment of a dividend for the year ended March 31, 2024, consistent with the previous year[151][158]. - The Group has no distributable reserves as of March 31, 2024, as required by the Companies Act of Bermuda[165].
嘉鼎国际集团(08153) - 2024 - 年度业绩