Financial Performance - The company reported a significant increase in revenue, achieving a total of $XX million for the fiscal year, representing a YY% growth compared to the previous year[15]. - The company reported a total comprehensive loss attributable to owners of the company of HKD 52,664,000 for the year ended March 31, 2024, compared to a loss of HKD 39,018,000 for the previous year, representing an increase of approximately 35%[53]. - Total revenue for the year ended March 31, 2024, was HKD 29,490,000, a decrease of 7.4% from HKD 31,825,000 in the previous year[84]. - The company reported a gross profit of HKD 20,676,000, down from HKD 22,965,000, reflecting a decline of 10.0%[84]. - Operating loss for the year was HKD 50,907,000, compared to a loss of HKD 36,309,000 in the previous year, indicating a significant increase in losses[84]. - The total comprehensive loss for the year amounted to HKD 53,541,000, up from HKD 39,033,000, representing a 37.3% increase[84]. - The company reported a pre-tax loss of HKD 53,101,000 for 2024, compared to a loss of HKD 38,465,000 in 2023, indicating a deterioration in performance[117]. Assets and Liabilities - The company’s non-current assets decreased from HKD 55,632,000 in 2023 to HKD 14,581,000 in 2024, a decline of approximately 74.9%[54]. - The company’s current liabilities increased from HKD 42,174,000 in 2023 to HKD 45,490,000 in 2024, an increase of approximately 7.7%[54]. - The company’s total assets less current liabilities decreased from HKD 119,783,000 in 2023 to HKD 68,538,000 in 2024, a decrease of approximately 42.7%[54]. - The company’s investment in intangible assets decreased significantly from HKD 1,880,000 in 2023 to HKD 750,000 in 2024, a decline of approximately 60%[54]. - The company’s trade receivables increased from HKD 9,290,000 in 2023 to HKD 10,082,000 in 2024, an increase of approximately 8.5%[54]. - The company recorded an impairment loss on goodwill of HKD 8,792,000, down from HKD 11,263,000 in 2023, showing a slight improvement in asset valuation[117]. Cash Flow and Liquidity - Cash flow from operating activities for the year was not detailed but is critical for assessing liquidity[57]. - The company maintained a capital reserve of HKD 5,359,000 as of March 31, 2024[56]. - Cash generated from operating activities was HKD 1,691,000, significantly up from HKD 201,000 in the previous year, indicating improved cash flow management[117]. - Operating cash flow before changes in working capital was HKD 1,605,000, down from HKD 3,487,000 in the previous year, reflecting a decline in operational efficiency[117]. Strategic Outlook - The company provided a positive outlook for the next fiscal year, projecting revenue growth of BB% and an increase in user engagement metrics[15]. - New product launches are expected to contribute to revenue, with an estimated impact of CC million in the upcoming quarter[15]. - Market expansion plans include entering EE new markets, which are anticipated to drive additional revenue streams[15]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[15]. - A new marketing strategy has been implemented, focusing on digital channels, which is expected to increase customer acquisition by FF%[15]. - The company has established partnerships with key industry players to enhance its service offerings and expand its customer base[15]. Employee and Operational Metrics - As of March 31, 2024, the group employed 18 employees, with total employee costs approximately HKD 7,100,000, down from HKD 9,800,000 in 2023[153]. - Administrative expenses decreased to HKD 21,300,000 from HKD 24,894,000, showing a reduction of 14.0%[84]. Investment Performance - The group maintains a diversified investment portfolio and closely monitors investment performance and market trends to adjust its investment strategy[165]. - The group recorded an unrealized loss of approximately HKD 19,100,000 for the year, compared to HKD 6,800,000 in 2023, due to fluctuations in the stock market environment[165]. - The group holds an investment in Huilong Holdings Limited, representing 1.86% of total shares with a fair value of HKD 6,427,000 as of March 31, 2024[164]. - The total investment cost for Huilong Holdings Limited is HKD 18,176,000, with an unrealized loss of HKD 11,072,000 recorded[164]. - The fair value of the group's investments accounted for less than 5% of total assets as of March 31, 2024[165]. Credit Risk and Impairment - The group assesses credit risk based on existing or anticipated adverse changes in business, financial, or economic conditions that may significantly reduce the debtor's ability to meet its obligations[176]. - The group recognizes expected credit losses for trade receivables over the entire period, using a provision matrix based on past credit loss experience[174]. - The company has experienced a significant increase in credit risk for specific financial instruments due to deteriorating external market indicators[200]. - The company has a history of no overdue payments, indicating a stable financial condition of counterparties[177]. Accounting Policies and Standards - The company has made adjustments in accounting policies due to new Hong Kong Financial Reporting Standards, which may impact future financial reporting[91]. - The group employed new and revised Hong Kong Financial Reporting Standards effective from April 1, 2023, with no significant impact on the financial position and performance for the current and prior years[120]. - The company has a policy to conduct annual impairment reviews for intangible assets with indefinite useful lives or not yet available for use[195].
亚太金融投资(08193) - 2024 - 年度财报