Financial Performance - For the year ended March 31, 2024, the Group's revenue increased by 17.3% to HK$484.8 million compared to HK$413.3 million in 2023[10] - The gross profit for the year was HK$39.5 million, representing a significant increase of 136.3% from HK$16.7 million in the previous year[10] - The consolidated net loss for the year was HK$69.1 million, an increase of 11.4% from HK$62.1 million in 2023[10] - Basic loss per share for the year was HK20.8 cents, compared to HK18.6 cents in 2023, reflecting an 11.8% increase in loss per share[10] - Net loss for the year was HK$69.1 million, with the net loss margin improving from -15.0% to -14.3% compared to the previous year[29] - The retained profit available for distribution to shareholders as of March 31, 2024, was HK$261,371,000, down from HK$301,576,000 in 2023[131] Dividends - The Group plans to recommend a final dividend of HK2 cents and a special dividend of HK13 cents, resulting in a total dividend of HK30 cents per share for the year[13] - An interim dividend of HK2 cents per ordinary share and an interim special dividend of HK13 cents per ordinary share were paid, totaling HK$49,958,000[116] Operational Efficiency - Inventory turnover days improved to 32 days from 63 days, a reduction of 31 days[11] - Trade receivables turnover days increased to 69 days from 64 days, an increase of 5 days[11] - Selling and distribution expenses decreased by 14% to HK$14.0 million, and as a percentage of sales turnover, these expenses fell from 4.0% to 2.9%[22] - Administrative expenses decreased by 10% to HK$73.2 million, with the percentage of sales turnover declining from 19.7% to 15.1%[22] - The Group plans to enhance efficiency and reduce costs through operational streamlining and the introduction of more automation systems[39] Financial Stability - The gearing ratio decreased to 1.2% from 1.6%, indicating improved financial stability[11] - Total borrowings as of March 31, 2024, were HK$10.7 million, a decrease from HK$15.8 million in 2023, resulting in a gearing ratio of 1.2%, down from 1.6%[38] - As of March 31, 2024, the Group held cash and bank deposits of HK$479.3 million, down from HK$554.3 million in 2023, reflecting a decrease of 13.5%[38] Business Outlook - The business outlook remains uncertain due to ongoing geopolitical tensions and sluggish consumer sentiment, with expectations of a challenging environment[30] - The Group plans to seek growth opportunities through new customers, new product categories, and online sales channels in mainland China[39] Assets and Liabilities - Total assets as of March 31, 2024 were HK$1,092.4 million, financed by current liabilities of HK$183.9 million and long-term liabilities of HK$37.5 million[37] - The total assets of the Group as of March 31, 2024, were HK$1.0924 billion, down from HK$1.2489 billion in 2023[41] Shareholding Structure - As of March 31, 2024, Mr. Cheung holds personal interest in 46,779,335 shares, while The Cheung Lun Family Trust has interest in 154,349,960 shares[61] - Ms. Cheung has personal interest in 1,258,000 shares, with The Cheung Lun Family Trust also holding 154,349,960 shares[67] - Dr. Cheung possesses personal interest in 900,000 shares, alongside The Cheung Lun Family Trust's interest in 154,349,960 shares[70] - As of March 31, 2024, Mr. Cheung Shu Wan holds 46,779,335 ordinary shares, representing approximately 60.39% of the issued share capital of the company[145] - Ms. Cheung Lai Chun holds 600,000 ordinary shares, with a total of 154,949,960 shares when including trust interests, representing approximately 46.52% of the issued share capital[145] - Ms. Cheung Lai See holds 1,258,000 ordinary shares, totaling 155,607,960 shares with trust interests, representing approximately 46.72% of the issued share capital[145] - Dr. Cheung Shu Sang holds 900,000 ordinary shares, with a total of 155,249,960 shares including trust interests, representing approximately 46.61% of the issued share capital[145] Governance and Management - The Group's management structure includes family members, which may influence strategic decision-making and operational efficiency[64] - The Company has a diverse board with independent non-executive directors, enhancing governance and oversight[74] - The Group's financial and administrative functions are overseen by experienced executives, ensuring robust financial management[62] - The Company aims to comply with the Corporate Governance Code and has applied most of its provisions throughout the year[198] Compliance and Recognition - The Group has maintained compliance with applicable laws and regulations, with no material breaches reported for the year ended March 31, 2024[113] - The Group has been recognized as a "Caring Company" since 2007 and received the "Happy Company Award" since 2014 for its commitment to employee welfare[106] Research and Development - The Company is actively involved in engineering, research, and development functions, indicating a focus on innovation and intellectual property management[68] - The Group's commitment to research and development suggests a proactive approach to new product and technology development[68] Employee and Director Remuneration - The emoluments of directors and senior management are determined by the Board based on market rates and individual contributions[171] - Employee remuneration packages are structured based on market conditions and individual performance, including benefits like medical insurance and training subsidies[170]
亚伦国际(00684) - 2024 - 年度财报