Revenue Growth - Revenue from beauty and wellness services increased to HKD 419,688 thousand in 2024 from HKD 373,444 thousand in 2023, representing a growth of 12.4%[4] - Sales of skincare and wellness products rose to HKD 35,018 thousand in 2024, up from HKD 32,883 thousand in 2023, marking an increase of 6.5%[4] - Total revenue for the group reached HKD 454,706 thousand in 2024, compared to HKD 406,327 thousand in 2023, reflecting an overall growth of 11.9%[4] - The geographical breakdown of revenue shows that Hong Kong contributed HKD 399,381 thousand in 2024, up from HKD 350,572 thousand in 2023, an increase of 13.9%[12] - Revenue from prepaid beauty package sales was HKD 433.5 million, up 5.2% from the previous year's HKD 412.1 million[99] - Revenue generated from services and prepaid beauty packages for the fiscal year was HKD 372.7 million and HKD 386.1 million, respectively, representing increases of 14.0% and 5.9% compared to the previous year[101] - Singapore's business revenue for fiscal year 2024 was HKD 50 million, compared to HKD 45.7 million in the previous year, marking an increase of 7.1%[104] - Revenue from beauty and wellness services in Singapore was HKD 42.5 million, up from HKD 37.7 million, reflecting a growth of 12.5%[104] Financial Performance - The group reported a loss of HKD 8,626 thousand in 2024, an improvement from a loss of HKD 20,126 thousand in 2023[9] - The operating loss for the fiscal year 2024 was HKD 4,415 thousand, improving from a loss of HKD 11,917 thousand in the previous year[29] - The company reported a net loss of HKD 8,626 thousand for the fiscal year 2024, compared to a net loss of HKD 20,126 thousand in the previous year, indicating a significant reduction in losses[29] - The group recorded a loss before tax of HKD 9,571,000 for the year ending March 31, 2024, compared to a loss of HKD 20,607,000 in the previous year[76] - The net loss attributable to equity shareholders for the fiscal year 2024 was approximately HKD 9,600,000, compared to a net loss of HKD 20,600,000 for fiscal year 2023, indicating a significant improvement[123] Assets and Liabilities - Total assets increased to HKD 611,036 thousand in 2024 from HKD 561,349 thousand in 2023, indicating a growth of 8.8%[9] - Reportable segment assets rose to HKD 571,637 thousand in 2024, compared to HKD 512,820 thousand in 2023, showing an increase of 11.5%[9] - Reportable segment liabilities increased to HKD 414,875 thousand in 2024 from HKD 354,277 thousand in 2023, representing a rise of 17.0%[10] - The company’s total liabilities increased to HKD 361,151 thousand in 2024 from HKD 342,502 thousand in 2023, indicating a rise in financial obligations[46] - The group’s total liabilities included bank borrowings of HKD 1,000,000 as of March 31, 2024, compared to no borrowings in the previous year[125] Operational Efficiency - Depreciation and amortization expenses decreased to HKD 76,634 thousand in 2024 from HKD 87,235 thousand in 2023, contributing to reduced operating costs[28] - Employee benefits expenses increased by 4.6% to HKD 287.4 million, while depreciation expenses for other leased properties decreased by 7.6% to HKD 66.4 million[99] - The group’s depreciation for other leased properties was approximately HKD 66,400,000, accounting for about 14.6% of total revenue, down from 17.7% in fiscal year 2023[137] Market Strategy - The company plans to continue expanding its beauty and health services, focusing on new product development and market expansion strategies[39] - The group plans to focus resources on the Hong Kong and Singapore markets, selling two wholly foreign-owned enterprises in mainland China[116] - The group aims to enhance customer satisfaction and brand recognition through careful and steady expansion of its Singapore business[118] - The group plans to continue expanding its business in Singapore, having opened a second GIG Café in November 2023[131] Compliance and Governance - The board of directors approved the annual results after review by the audit committee, ensuring compliance with applicable regulations[60] - The group has implemented new and revised Hong Kong Financial Reporting Standards during the accounting period, affecting financial statement presentation and disclosures[69] - The group is committed to adhering to the Hong Kong Financial Reporting Standards and has made significant judgments and estimates that impact the financial statements[68] - The group’s independent auditor confirmed that the financial statements for the year ending March 31, 2024, align with the consolidated financial statements presented[180] Employee and Training - The group employed 844 staff as of March 31, 2024, a decrease from 876 staff on March 31, 2023[145] - The group is committed to maintaining a competitive compensation structure to retain employees and enhance their capabilities through comprehensive training programs[166] - The group acquired 100% ownership of Singapore Spa Institute Pte. Ltd. in November 2023, enhancing its training and consulting capabilities in the spa industry[162] Environmental and Regulatory Considerations - The group emphasizes compliance with environmental standards and has implemented various eco-friendly measures in its operations[148] - The group is closely monitoring foreign exchange risks, particularly with the Renminbi, Singapore Dollar, and Australian Dollar[153] - The group faces regulatory and political risks, particularly due to updates in Hong Kong laws, as its business primarily operates in Hong Kong and is expanding into mainland China, which introduces additional regulatory and political uncertainties[170] Shareholder Communication - The board believes effective communication and timely information disclosure enhance shareholder and investor confidence, facilitating constructive feedback and opinions for future corporate development[169] - The annual general meeting is scheduled for August 28, 2024, with a suspension of share registration from August 23 to August 28, 2024[155] - The annual report and notice of the annual general meeting will be sent to shareholders around July 26, 2024[181]
现代健康科技(00919) - 2024 - 年度业绩