Financial Performance - The group's revenue for the year ended March 31, 2024, increased by approximately 23.4% to about HKD 252.4 million, compared to HKD 204.6 million for the previous year[9]. - Net profit for the year rose by approximately 279.5% to about HKD 14.8 million, up from HKD 3.9 million in the previous year[9]. - The gross profit increased by approximately HKD 16.3 million or 36.0% to about HKD 61.6 million, with the overall gross margin rising from approximately 22.1% to about 24.4%[14]. - Other income for the year was approximately HKD 2.5 million, a decrease of about 19.4% from approximately HKD 3.1 million in the previous year[15]. - Sales and distribution expenses for the year amounted to approximately HKD 23.4 million, an increase of about 4.0% compared to HKD 22.5 million in the previous year[17]. - Administrative expenses for the year were approximately HKD 23.1 million, reflecting a 9.0% increase from HKD 21.2 million in the previous year[18]. - Profit attributable to the owners for the year was approximately HKD 14.8 million, a significant increase of about 279.5% from HKD 3.9 million in the previous year[21]. - Inventory as of March 31, 2024, was approximately HKD 45.8 million, a decrease of about HKD 14.0 million from HKD 59.8 million in the previous year, primarily due to increased sales[22]. - Current assets net value as of March 31, 2024, was approximately HKD 106.8 million, down from HKD 163.3 million in the previous year, with a current ratio decrease from approximately 22.4 times to 9.4 times[24]. Business Expansion and Strategy - The group plans to expand its business and increase market share in the prepaid products sector targeting Indonesian and Philippine users[10]. - The group aims to increase the number of retailers in its sales network and enhance advertising and marketing activities[10]. - The group acquired ten new products for sale that can be used for local calls and mobile data services in Hong Kong, and nine products for overseas mobile data services[12]. - The group has established an online platform for selling prepaid products and has acquired a property in Hong Kong for office use[12]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by 2025[45]. - New product launches are expected to contribute an additional $200 million in revenue, with a focus on innovative mobile accessories[44]. Employee and Compensation - The total employee compensation for the year was approximately HKD 24.4 million, up from HKD 21.8 million in the previous year, with an increase in the number of employees from 45 to 47[30]. - As of March 31, 2024, the group had 47 employees, with 14 males and 33 females, representing 29.8% and 70.2% respectively, indicating a stable overall workforce[93]. Corporate Governance - 港亞控股有限公司董事會致力於維持高標準的企業管治，以保障股東權益和提升企業價值[61]. - 公司已遵守適用的企業管治守則，並將定期審查和加強公司管治常規[61]. - 公司董事確認在本年度內遵守上市發行人董事進行證券交易的標準守則[64]. - 財務總監陳謙先生擁有超過30年的審計、財務及公司秘書工作經驗[56]. - 行政經理張月娥女士在市場推廣及行政領域擁有豐富經驗，曾擔任多個高級職位[57]. - 獨立非執行董事蕭喜樂先生在銀行業擁有超過30年的經驗，曾擔任多個高級職位[52]. - 獨立非執行董事霍錦就先生為香港獨立非執行董事協會創會會員，並擁有多項專業資格[53]. - 公司已採納聯交所證券上市規則附錄C1所載的企業管治守則作為企業管治常規的基礎[61]. - 公司致力於以誠信、透明和負責的態度行事，以達到長遠業務目標[61]. - 公司將為股東帶來滿意及可持續的回報，並維持崇高的商業道德標準[62]. Risk Management and Internal Control - The company maintains a robust internal control and risk management system, overseen by the board[75]. - The board believes that the risk management and internal control systems of the group are effective and adequate for the year[112]. - The Audit Committee assists the board in overseeing the design, implementation, and monitoring of risk management and internal control systems[110]. - The company has engaged an independent professional advisor to conduct regular reviews of the risk management and internal control systems[110]. - The company has established a whistleblowing procedure for employees to confidentially report concerns regarding financial reporting or internal controls[113]. - The company has implemented various policies and procedures to ensure effective risk management and compliance with applicable laws and regulations in Hong Kong[110]. Shareholder Communication and Dividends - The company emphasizes effective communication with shareholders to enhance investor relations and understanding of business performance[131]. - The company has established a shareholder communication policy to ensure equal and timely access to comprehensive information for shareholders[132]. - The board has approved a dividend payout of $0.10 per share, reflecting a 10% increase from the previous year[50]. - The company declared a special dividend of HKD 0.15 per share on August 17, 2023, to be paid on September 18, 2023[143]. - The board does not recommend a final dividend for the current fiscal year[144]. - The board considers various factors, including financial performance and cash flow, when proposing dividends[146]. Customer and Supplier Concentration - The company's major customer accounted for approximately 9.3% of total sales, while the top five customers represented about 21.3% of total sales for the year[160]. - The largest supplier accounted for approximately 53.3% of total procurement for the year[160]. - The company has a concentrated customer base, and any loss of business from major customers could significantly impact operations and financial condition[140]. - The company has a concentrated supplier base, and any loss of business from major suppliers could also adversely affect operations and financial condition[141]. Compliance and Legal Matters - There were no significant violations of applicable anti-corruption laws and regulations noted during the year[117]. - The company has implemented compliance and risk management policies, ensuring adherence to significant legal and regulatory requirements[200]. - The company has not entered into any significant contracts with its controlling shareholder or its subsidiaries during the year[175]. - There are no known competitive businesses or conflicts of interest involving the directors or controlling shareholders during the year[176].
港亚控股(01723) - 2024 - 年度财报