Financial Performance - The group's financial performance for the year ending March 31, 2024, is detailed in the audited consolidated financial statements on pages 56 to 113 of the annual report[51]. - The group's total revenue increased by approximately 16.4% from about HKD 43.9 million for the year ended March 31, 2023, to about HKD 51.1 million for the year ended March 31, 2024, primarily due to increased revenue from bus advertising and other advertising services[152]. - Revenue from taxi advertising rose by approximately 27.3% from about HKD 1.1 million to about HKD 1.4 million, driven by an increase in direct customer revenue[153]. - The group's sales costs increased by approximately 9.4% during the same period[154]. - The gross profit margin improved by approximately 3.9 percentage points from about 35.1% to about 39.0%, mainly due to a significant increase in bus advertising revenue[174]. - The company recorded a loss attributable to owners of approximately HKD 10.5 million, compared to about HKD 9.5 million in the previous year[159]. - The group’s cash and bank balances were approximately HKD 31.6 million and HKD 32.9 million as of March 31, 2024, and March 31, 2023, respectively[160]. - The group did not have any bank borrowings as of March 31, 2024, maintaining an asset-liability ratio of 0%[179]. - The company has not made any significant investments as of March 31, 2024, and March 31, 2023[180]. - There were no major acquisitions or disposals of subsidiaries or associates during the fiscal year ending March 31, 2024[181]. Customer and Supplier Relationships - The group reported that sales to its five largest customers accounted for approximately 15.9% of total sales for the year, with the largest customer contributing about 5.5%[34]. - The group collaborated with 116 suppliers during the year, primarily local advertising contractors, with a regional distribution of 114 in Hong Kong and 2 in China[41]. - Approximately 44.1% of the total procurement for the year was from the top five suppliers, with the largest supplier accounting for about 17.1%[80]. - The group has a clear internal procedure to investigate and resolve customer disputes and complaints promptly and fairly[42]. Environmental and Social Responsibility - The group has implemented a systematic data collection strategy to reinforce its green environmental measures moving forward[2]. - The group has established its own printing facilities, which has significantly reduced packaging material usage and allowed better control over printing materials[4]. - The group aims to mitigate risks associated with climate change by closely monitoring its impacts on stakeholders and operations[5]. - The group has a strict policy against employing child or forced labor and conducts regular reviews to ensure compliance[15]. - The group has been awarded the "Caring Company" logo by the Hong Kong Council of Social Service for 15 consecutive years from 2009 to 2024[46]. - The group did not make any large-scale donations or participate in volunteer activities this year, but plans to consider restarting community activities next year[46]. Corporate Governance - The board of directors has service agreements for a term of three years, with re-election required at least every three years at the annual general meeting[57]. - The company has established a share option scheme approved by shareholders on December 19, 2016, with specific terms outlined in the prospectus[68]. - The company has purchased appropriate directors' and officers' liability insurance for its directors and senior officers[61]. - The company has confirmed that the controlling shareholders have fully complied with the non-competition commitments for the year ending March 31, 2024[116]. - No instructions have been issued to the group regarding any restricted business by the controlling shareholders or their closely related persons during the year[117]. - The company is directly owned 13.05% (93,960,000 shares) by Silver Pro Investments Limited, which is wholly owned by Mr. Shi[95]. - The company has a shareholding structure where Goldcore holds 278,640,000 shares (38.70%) and AL Capital Limited holds 139,968,000 shares (19.44%)[110]. - The total number of shares that may be issued upon the exercise of all unexercised share options shall not exceed 30% of the issued shares at any time[90]. - The company has not disclosed any other interests or positions in shares or related shares as of March 31, 2024, apart from those mentioned[113]. Business Development and Strategy - The company continues to focus on outdoor media advertising, particularly through public transport advertising, which has shown improvement in overall business performance[136]. - The company has established strong partnerships with various public transport companies, enhancing its market positioning and trust among exclusive partners[136]. - The company has seen an increase in advertising opportunities from healthcare-related institutions due to heightened public awareness of health and wellness post-pandemic[148]. - The company anticipates benefiting from the gradual recovery of the global economy, with relaxed restrictions and the resumption of regular business activities creating a favorable growth environment[151]. - The Hong Kong government is increasing the use of outdoor media for public information dissemination, further enhancing future growth potential for the company[151]. - The company has a strategic focus on premium advertising locations and diversified media formats to capture emerging market opportunities[151]. - The company has maintained robust client relationships and a reputation for effective advertising solutions, which will play a key role in seizing market opportunities[151]. Future Plans and Investments - The net proceeds from the placement of 180,000,000 new ordinary shares amounted to approximately HKD 29.9 million, with allocations for various advertising expansions[187]. - The company plans to allocate approximately 69.7% (HKD 20.9 million) of the net proceeds to expand its minibus advertising network coverage[187]. - The remaining proceeds will be reserved for future information technology enhancement projects[200]. - The company has obtained an additional 932 green minibuses and 62 red minibuses for advertising space[190]. - The company has secured exclusive contracts for advertising space on no less than 100 tourist buses since March 31, 2021[193]. - The company has acquired additional advertising space on 26 taxis and 50 Taxiboard media[194]. - The company has signed a memorandum of understanding with a media advertising company that operates in over 150 clinics in Hong Kong[197]. - The company has engaged an external contractor to develop a new advertising inventory management system for bus advertising[199].
奥传思维控股(08091) - 2024 - 年度财报