Financial Performance - The Group's revenue for 2023 reached HK$ 3,861 million, an increase from HK$ 3,473 million in 2022, representing a growth of approximately 11.2%[27]. - Basic earnings per share for 2023 were HK 19.1 cents, down from HK 27.2 cents in 2022, indicating a decrease of about 29.9%[29]. - For the year ended March 31, 2024, the Group's revenue from continuing operations was HK$2,916 million, a decline of approximately 5% compared to HK$3,082 million in the previous year[39]. - Profit attributable to equity shareholders decreased by approximately 56% to HK$170 million from HK$386 million in the previous year[39]. - The revenue of the Metal and Plastic Business (M&P) for the year was HK$1,725 million, down from HK$1,919 million, reflecting a market-aligned performance[46]. - The Electronic Manufacturing Services (EMS) revenue increased by approximately 2% to HK$1,191 million from HK$1,163 million, indicating stable performance[46]. - Revenue for the fiscal year 2023/24 was HK$2,916 million, a decrease from HK$3,082 million in 2022/23[119]. - The operating profit for industrial businesses was HK$228,372,000 in 2023/24, compared to HK$210,785,000 in 2022/23[122]. Dividends and Shareholder Returns - The company has maintained an uninterrupted 28-year record of dividend payments, with a policy to distribute 30% or more of profits attributable to shareholders as dividends[113]. - The Group's dividend per share for 2023 was HK 5.5 cents, consistent with the previous year, indicating a stable return to shareholders[33]. - The board has recommended a final dividend of HK$4.0 cents per share, increasing from HK$1.5 cents per share in the previous year, resulting in a total dividend of HK$5.5 cents per share for this year[105]. - The dividend payout ratio for the fiscal year 2023/24 is 66%[114]. Market and Operational Developments - The market capitalization as of March 31, 2024, was HK$990,515,008, with a closing price of HK$0.49, and increased to HK$1,617,167,360 by June 30, 2024, with a closing price of HK$0.80[18]. - The Group's Thailand production base successfully completed the mass production and shipment of its first batch of "Made in Thailand" products, marking a significant milestone in its strategic development[25]. - Market conditions have improved since the end of 2023, with increased enterprise investment in artificial intelligence driving growth in server demand[46]. - The newly constructed Karrie Craftsmanship Tower has officially opened, enhancing production efficiency and reducing costs[49]. - The Group is actively exploring new markets and has developed various AI server-related molds, securing orders from internationally renowned customers[55]. - The Group has strengthened automated and intelligent production, improving efficiency in areas such as welding, bending, and assembly[51]. Corporate Governance - The Company has committed to adhering to the latest corporate governance principles as stipulated in the Hong Kong Stock Exchange Listing Rules, except for deviations in provisions B.2.2 and C.2.1[128]. - The Company will consider voluntary retirement of the Chairman and/or Managing Director at least once every three years in line with corporate governance code provisions[129]. - The roles of Chairman and Chief Executive Officer are not segregated, with Mr. Ho holding both positions, which the Board believes provides strong leadership[132]. - The Company aims to enhance shareholder value and provide superior products and services as part of its strategic objectives[141]. - The Company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[111]. Sustainability and Social Responsibility - The Group's participation in the EcoVadis sustainability rating resulted in a bronze recognition, highlighting its commitment to sustainable practices[23]. - The Group's ongoing efforts in environmental sustainability were recognized with multiple awards, including the "Sustainable Carbon Reduction Strategic Partner" title from TÜV Rheinland[23]. - The Group is committed to sustainable development, focusing on green production and reducing emissions[59]. Human Resources and Employee Engagement - The group had approximately 3,400 employees on average during the year, down from 3,600 in the previous year[96]. - The group adopted a performance-based bonus system, providing more bonuses to employees with outstanding performance[104]. - The ratio of female to male in the workforce (excluding Directors) is 35:65 as of March 31, 2024[153]. - The Company has established a board diversity policy to achieve balanced diversity at the Board level[148]. Financial Management and Capital Expenditure - The Group aims to adopt prudent financial management, including cautious capital expenditure and strict control of working capital[64]. - The initial estimate of the capital expenditure (CAPEX) budget for the financial year 2024/25 is approximately HK$135,453,000, primarily for factory construction and equipment acquisition[77]. - Capital expenditure (CAPEX) for industrial businesses was HK$152,450,000 in 2023/24, up from HK$136,381,000 in 2022/23[122].
嘉利国际(01050) - 2024 - 年度财报