Revenue and Profitability - Revenue from LED lighting devices increased from HKD 44.2 million (60.2%) to HKD 49.5 million (57.8%) year-on-year[6] - Integrated LED lighting solutions revenue rose approximately 44.0% from HKD 20.0 million to HKD 28.8 million due to increased contract amounts[7] - The company recorded a revenue increase of approximately 16.6% for the fiscal year ending March 31, 2024, compared to the previous fiscal year[165] - For the fiscal year ending March 31, 2024, the company recorded revenue of approximately HKD 85.6 million, a 16.5% increase from HKD 73.4 million for the fiscal year ending March 31, 2023[173] - The profit attributable to the company's owners for the fiscal year ending March 31, 2024, was approximately HKD 15.5 million, compared to HKD 6.1 million for the previous year, reflecting a significant increase[173] - The profit before tax increased from approximately HKD 7.2 million for the year ended March 31, 2023, to approximately HKD 17.9 million for the year ended March 31, 2024, representing an increase of about 148.6%[193] - The gross profit increased by approximately HKD 14.5 million or 42.6%, rising from about HKD 34.0 million to approximately HKD 48.5 million[191] - The gross profit margin improved from approximately 46.3% for the fiscal year ending March 31, 2023, to about 56.7% for the fiscal year ending March 31, 2024, an increase of 10.4%[191] Costs and Expenses - Cost of sales decreased by HKD 2.3 million or 5.8%, from HKD 39.4 million to HKD 37.1 million, primarily due to lower material, labor, and indirect costs[11] - The income tax expense increased by approximately HKD 1.4 million or 127.3% to about HKD 2.5 million for the year ended March 31, 2024, primarily due to the increase in taxable profit[193] - The company maintained stable financing costs related to lease liabilities, with interest of approximately HKD 0.1 million for the year ended March 31, 2024, compared to HKD 0.2 million in 2023[192] Employee and Training - Total employee benefits expenses remained stable at approximately HKD 25.2 million for both years, with a total of 66 employees as of March 31, 2024[18] - A total of 34 employees received 68 hours of training on various topics, including ethics, accounting, and the impact of COVID-19 on business[42] - The employee turnover rate was reported at 8.8%, with a total of 3 employees leaving the company during the reporting period[47] - Employee turnover rate is 3.3%, with a total of 1 employee leaving, and the gender ratio of employees is 1.83:1 (male to female)[86] - The company has a training policy aimed at enhancing employee skills, with training activities described on page 23[111] Sustainability and Environmental Impact - The group has established a committee composed of management from various business sectors to ensure operations align with sustainability principles and to manage related risks[30] - The group has set sustainability goals and targets to systematically assess performance, focusing on resource conservation and minimizing paper and electricity consumption[31] - Total greenhouse gas emissions amounted to 541.8 tons of CO2 equivalent, with an employee carbon intensity of 15.9 tons of CO2 equivalent[68] - The main source of greenhouse gas emissions was paper waste treatment, contributing 464.8 tons of CO2 equivalent[68] - The company has not generated any hazardous waste, maintaining a commitment to environmental sustainability[85] - The company has implemented policies to reduce significant impacts on the environment and natural resources, with disclosures available on page 26 of the report[110] - The company has identified and addressed significant climate-related issues that may impact its operations, with details provided on page 28[110] Corporate Governance - The company emphasizes the importance of good corporate governance practices to enhance accountability and transparency to shareholders[129] - The board of directors is composed of five members, ensuring a balance of skills, experience, and perspectives[120] - The board consists of more than one-third independent non-executive directors, ensuring a balance of skills and experience[146] - The company aims to appoint at least one female board member by December 31, 2024, to enhance gender diversity on the board[149] - The company has established a nomination policy to manage the nomination, evaluation, and removal of board members[150] - The management team is responsible for the daily operations and execution of the business plans approved by the board[145] Financial Position - As of March 31, 2024, the company had no bank borrowings, indicating a debt-to-equity ratio of zero[200] - The company's total equity attributable to owners was approximately HKD 91.2 million as of March 31, 2024, compared to approximately HKD 76.4 million in 2023[199] - The current ratio and quick ratio increased due to a rise in cash and bank balances during the year[197] - The cash and bank balances, along with bank time deposits, were reported to be below HKD 3,000 as of March 31, 2024[198] Market and Business Development - The company is focusing on expanding its business network and has established a 3D printing workshop named "dot 3D Factory" to capture market share in the 3D printing sector[181] - The company continues to seek opportunities to enrich its business lines and explore new business prospects[182] - The company anticipates that the recovery of cross-border travel will drive economic growth, although it acknowledges ongoing uncertainties and challenges in the operating environment[182]
英马斯集团(08136) - 2024 - 年度财报