麦迪森控股(08057) - 2024 - 年度财报

Economic Environment - The economies of the PRC and Hong Kong are still recovering from the pandemic, with the global economic environment remaining challenging and uncertain[16]. - The global economic environment in 2024 is expected to remain challenging, influenced by geopolitical issues and the ongoing recovery from the pandemic in the PRC and Hong Kong[186]. Business Performance - The Group's revenue decreased by approximately 29.9% to approximately HK$68.1 million for the year ended 31 March 2024, down from HK$97.2 million in 2023[65]. - Revenue from the Wine Business fell by approximately 45.1% to approximately HK$21.9 million, compared to HK$39.9 million in the previous year[70]. - The Loan Financing Business recorded a revenue decrease of approximately 19.4%, amounting to approximately HK$46.2 million, down from HK$57.3 million in 2023[71]. - The Group's loss for the year was approximately HK$17.8 million, an increase of approximately HK$16.4 million compared to a loss of HK$1.4 million in 2023[66]. - The Group's revenue from the Wine Business and Loan Financing Business decreased by approximately HK$18.0 million and HK$11.1 million respectively compared to last year[170]. - The Group's business segments accounted for approximately 32.2$112.3 million, down from HK$124.1 million in 2023[194]. - The total net impairment loss recognized, including written-off loans, comprised approximately 10.4$287.2 million from HK$303.5 million in the previous year[72]. - As of 31 March 2024, approximately 31.6$374.9 million in the previous year to HK$295.4 million for the year[72]. - The impairment allowance for loan and interest receivables was approximately HK$29.8 million, an increase from HK$19.9 million in 2023[82]. - The increase in impairment was attributed to economic recovery in the PRC falling short of expectations and a debt crisis among real estate developers, impacting borrowers' repayment abilities[96]. - The Group's loan default rate has risen, leading to a higher historical loss rate and an increase in the impairment allowance[97]. Management and Strategy - The Group aims to optimize its business portfolio and find new directions for potential business collaboration to reduce impacts and create more value for shareholders[16]. - The Group believes in enhancing its fundamental business through diversification, which could lead to additional income streams and long-term increases in shareholder value[17]. - The company expresses confidence in continuing efforts to drive business development and deliver greater returns to shareholders[20]. - The Group plans to enhance its businesses by reviewing its existing portfolio and tightening cost control measures[186]. - The Group will proactively seek investment opportunities to diversify its business portfolio and broaden income sources[186]. Corporate Governance - The Board expresses gratitude to management and staff for their contributions and to shareholders for their continuous support[18]. - Mr. Chu has been an independent non-executive director since September 21, 2015, and is the chairman of the Audit Committee[45]. - Dr. Lau has over 19 years of post-qualification legal experience and has been an independent non-executive director since June 4, 2019[49]. - Mr. Zhou, appointed as an independent non-executive director on August 9, 2022, has a background in software engineering and entrepreneurship, including serving as CEO of a company with over 5,000 software engineers[52]. - The Company has complied with all applicable laws and regulations in the PRC and Hong Kong during the Year[185]. Environmental Commitment - The Group does not produce material waste or emit significant air pollutants, reflecting its commitment to environmental protection[179].