Financial Performance - Total revenue for the year ended March 31, 2024, was HK$488,809,000, representing a 3.1% increase from HK$473,899,000 in 2023[12] - Profit attributable to shareholders increased by 3.0% to HK$48,963,000 compared to HK$47,523,000 in the previous year[12] - The gross profit margin improved slightly to 48.3% from 48.1%[12] - The Group reported a revenue increase of 3.1% to HK$488.8 million for the year ended 31 March 2024[36] - The net profit for the same period rose by 3.0% to HK$49.0 million[36] - Gross profit for the year amounted to HK$235.9 million, representing a year-on-year increase of HK$7.9 million or 3.4%, with a gross profit margin of 48.3%[109] Revenue Breakdown - Media Content Distribution Business revenue increased by 2.6% to HK$322,495,000, while Brand Licensing Business revenue rose by 4.1% to HK$166,314,000[12] - Revenue from Media Content Distribution Business was HK$322.5 million, contributing 66.0% of total revenue, with a modest increase of 2.6%[103] - Revenue from Brand Licensing Business increased by HK$6.6 million or 4.1% to HK$166.3 million, driven by a 37.2% increase in merchandise sales from pop-up stores and online channels[107] Dividends - The proposed final dividend per share is HK$0.32, down from HK$0.42 in the previous year, with a special dividend of HK$0.02 proposed[12] - A final dividend of HK$0.32 per share and a special dividend of HK$0.02 per share were proposed, totaling HK$1.23 per share for the reporting period[32] - The total dividends represent approximately 50% of the Group's profit attributable to shareholders[32] Active Titles and Brands - The number of active media content titles increased by 7% to 702, while the number of active brands in the licensing segment surged by 46% to 379[17] - As of 31 March 2024, the Group has 702 active media content titles and 379 brands in the Asia Pacific region[31] Strategic Initiatives - The Group is developing a new 5-year corporate strategy to be announced at the AGM in 2024[27] - The Group aims to align with national policies to promote Hong Kong as a regional intellectual property trading center and enhance cultural exchanges[37] - The Group plans to expand its proprietary content distribution networks, including Ani-One®, to Indonesia and acquire A Grade Series and Movies in Asia[99] - The Group aims to explore joint ventures and invest in companies that add value to the business and shareholders[99] - The Group will continue to expand licensing rights to more regions and seek collaborations with global brands[99] Partnerships and Collaborations - The Group has invested in the PRC original animation 'Nailoong VS Boomloong' and entered a strategic partnership with Bilibili for exclusive distribution of over 30 PRC animations[37] - The Group became the master licensee for the "Star Trek" franchise in Greater China, managing brand licensing for consumer products and promoting new shows on platforms like Youku and Bilibili[63] - A new licensing deal with BBC Studios Asia was established to promote the Emmy® award-winning preschool animation "Bluey" across Southeast Asia[64] - The Group launched the "Game of Sultans" × "Le Petit Prince" collaboration globally, promoting it prominently in New York's Times Square[69] - The Group partnered with Casetify to create digital gadget accessories based on "Chainsaw Man" and "Jujutsu Kaisen," showcasing the influence of Japanese anime in brand licensing[70] Market Expansion - The Group has expanded inflight distribution to North America and Europe, providing eight top-tier Chinese movies for inflight entertainment during the reporting period[53] - The Group has strengthened its intellectual property influence and increased revenue sources through global partnerships with platforms like Bilibili, Crunchyroll, and Netflix[40] Corporate Governance - The company has complied with the corporate governance code provisions throughout the year ended March 31, 2024, except for one provision regarding the roles of chairman and CEO[181] - The board consists of executive, non-executive, and independent non-executive directors, ensuring compliance with the Listing Rules[188] - All directors are subject to retirement by rotation and re-election at the annual general meetings[191] Financial Position - The current ratio improved to 2.6 from 2.5, indicating better liquidity[12] - The total equity increased from HK$565,000,000 to HK$588,000,000 during the year[19] - The liquidity position remains strong, allowing the company to expand in accordance with its business strategy[157] - The company did not have any interest-bearing or external borrowings as of March 31, 2024, making the gearing ratio and debt to equity ratio not applicable[156] Awards and Recognition - The company received the "Top 10 IP Licensing Agency" award at the Jade Monkey Awards, highlighting its strong performance in brand licensing[93] - The company was recognized as one of the "Top 10 Culture Export Enterprises" at the Digital Culture Export Forum, commending its contributions to promoting Chinese animation overseas[90]
羚邦集团(02230) - 2024 - 年度财报