Financial Performance - The company recorded revenue of HKD 199.3 million for the year, a decrease of 38.9% from HKD 326.5 million in the previous year, primarily due to the completion of several large projects and delays in new project commencements [8]. - Gross profit increased to approximately HKD 4.6 million, reflecting a gross profit margin of 2.3%, compared to HKD 4.0 million and a margin of 1.2% in the previous year, marking a 14.6% increase [25]. - The company achieved a net profit of approximately HKD 2.4 million, significantly up from HKD 810,000 in the previous year, driven by optimized project management and reduced indirect costs [10]. - Other income for the year was approximately HKD 15.5 million, a decrease of 11.0% from HKD 17.5 million in the previous year, mainly due to the absence of government subsidies under the COVID-19 relief fund [26]. - The profit and total comprehensive income attributable to equity holders of the company for the period is approximately HKD 2.4 million, an increase of about HKD 1.6 million compared to the previous year [32]. - The total employee cost for the period is approximately HKD 72.1 million, a decrease from HKD 88.7 million for the year ended March 31, 2023 [48]. - The financing cost for the period reached approximately HKD 1.5 million, an increase of about HKD 662,000 or 80.3% compared to approximately HKD 824,000 for the year ended March 31, 2023 [31]. Future Contracts and Projects - As of March 31, 2024, the company had contracts worth over HKD 321.8 million yet to be recognized, indicating a stable future revenue stream [21]. - The company secured 9 new contracts during the year, with a total original contract value of approximately HKD 268.0 million, and completed 4 projects with a total original contract value of about HKD 100.1 million [22]. - The company has 19 ongoing projects with a total original contract value of approximately HKD 1.2 billion as of March 31, 2024 [23]. Financial Position - As of March 31, 2024, the total cash and cash equivalents amount to approximately HKD 3.9 million, a decrease from HKD 17.2 million as of March 31, 2023, primarily due to cash collections from contract assets [34]. - The debt-to-equity ratio as of March 31, 2024, is approximately 50.3%, an increase from 49.6% as of March 31, 2023, mainly due to an increase in total debt of about HKD 1.8 million during the period [34]. - The company has not made any significant acquisitions or disposals of subsidiaries or associates during the period [43]. Corporate Governance - The company has complied with all applicable corporate governance codes, except for a deviation noted in the corporate governance report [116]. - The board of directors includes experienced members with over 30 years in the construction industry, ensuring strong leadership and oversight [123][124]. - The company is committed to maintaining high corporate governance standards to enhance shareholder value and protect the interests of stakeholders [137]. - The board consists of five members, including two executive directors and three independent non-executive directors, ensuring a diverse range of business experience and expertise [141]. - The company has adopted the corporate governance code as per the listing rules, with a commitment to transparency and accountability [138]. - The independent non-executive directors provide independent judgment on the group's strategy, policies, performance, and accountability [133]. - The company has a dedicated company secretary responsible for overall financial management and compliance with corporate governance [135]. ESG and Sustainability - The company has committed to using energy-efficient and environmentally friendly equipment and materials in its construction projects [120]. - The company emphasizes sustainability as a key factor for its development and community welfare, actively participating in community activities [120]. - The board of directors is responsible for ensuring the sustainability of the company's development and monitoring ESG performance [184]. - The ESG management team is tasked with collecting and analyzing ESG data and preparing ESG reports [184]. - The company has implemented policies to ensure a diverse, equitable, and inclusive workplace culture [185]. - The group engages with stakeholders to accurately assess the potential impacts of its business activities related to ESG [187]. - The ESG report covers significant ESG issues identified through stakeholder engagement and prioritization [190]. - The importance matrix for the fiscal year 2023/24 includes key ESG issues such as noise management, energy consumption, and waste management [191]. - The company strictly adheres to Hong Kong environmental regulations, including the Air Pollution Control Ordinance and Waste Disposal Ordinance [200]. - Measures are implemented to minimize environmental impact at construction sites, including covering materials and using dust suppression techniques [200]. Shareholder Relations - The company emphasizes the importance of maintaining good communication with all shareholders to enhance investor relations [175]. - The company has established various communication channels for shareholders, including annual and special general meetings [175]. - The company has a dividend policy to share profits with shareholders while retaining sufficient reserves for future growth, with no guarantee of dividends for any specific period [161][162].
俊裕地基(01757) - 2024 - 年度财报