Financial Performance - The unaudited revenue for the year ended April 30, 2024, is HKD 204,545,000, representing an increase from HKD 201,608,000 for the previous year, which is a growth of approximately 0.46%[3] - The profit before tax for the year is HKD 21,126,000, a slight decrease from HKD 22,768,000 in the previous year, reflecting a decline of about 7.2%[3] - The net profit attributable to the owners of the company for the year is HKD 21,123,000, compared to HKD 13,508,000 in the previous year, indicating a significant increase of approximately 56.3%[3] - Basic and diluted earnings per share for the year are HKD 8.21, up from HKD 5.83 in the previous year, representing an increase of approximately 40.7%[3] - Total revenue for the year ended April 30, 2024, was HKD 204,545,000, representing an increase from HKD 201,608,000 for the year ended April 30, 2023, which is a growth of approximately 1.4%[8] - The company's profit before tax for the year was HKD 21,126,000, compared to HKD 22,768,000 in the previous year, indicating a decrease of about 7.2%[8] - The net profit attributable to the company's owners for 2024 was HKD 21,123,000, compared to HKD 13,508,000 in 2023, reflecting a significant increase of approximately 56.4%[23] - EBITDA rose by 13.7% to HKD 35.0 million, up from HKD 30.8 million in the previous year[30] Assets and Liabilities - Total assets as of April 30, 2024, amount to HKD 620,828,000, compared to HKD 609,358,000 in the previous year, showing a growth of about 1.4%[4] - The total liabilities as of April 30, 2024, were HKD 74,315,000, compared to HKD 80,654,000 in the previous year, showing a decrease of about 7.9%[11] - Total equity attributable to the owners of the company increased to HKD 496,090,000 from HKD 471,405,000, representing a growth of approximately 5.2%[4] - The total accounts receivable as of April 30, 2024, was HKD 125,992,000, compared to HKD 113,180,000 in 2023, an increase of about 11.4%[24] - The group maintained cash and bank balances of approximately HKD 55,100,000 as of April 30, 2024, down from HKD 100,000,000 in 2023[48] - The current ratio as of April 30, 2024, was 4.0, compared to 3.7 in 2023[48] - Total equity increased to HKD 546,500,000 as of April 30, 2024, from HKD 528,700,000 in 2023[48] - The debt ratio was 0.10 as of April 30, 2024, compared to 0.09 in 2023[49] Revenue Segmentation - The technology segment generated revenue of HKD 197,368,000, while the property and financial segments contributed HKD 5,499,000 and HKD 1,678,000, respectively[8] - Revenue from Hong Kong for the year ended April 30, 2024, was HKD 166,951,000, slightly increasing from HKD 166,614,000 in the previous year[13] - The group's revenue increased by 1.5% to HKD 204.5 million, with the technology sector revenue growing by 0.3% to HKD 197.4 million[33] Operational Highlights - The company plans to release the audited annual results for the year ended April 30, 2024, in mid-August 2024 due to ongoing audit processes[2] - The company has adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial position and performance for the year[6] - The company expects that the adoption of new or revised Hong Kong Financial Reporting Standards will not have a significant impact on its performance in the future[7] - The company anticipates continued growth in the technology sector, which remains the largest revenue contributor[8] - Future financial guidance remains optimistic, with expectations for stable growth across all segments[8] Investments and Acquisitions - The company acquired approximately 51% stake in Greenie by issuing 20,500,000 shares at an issue price of HKD 0.378 per share[27] - The group issued 23,252,466 shares at HKD 0.242 per share to acquire approximately 4.5% equity in Claman, increasing the total issued shares to 270,827,289 by the end of 2024[26] - The company completed the acquisition of 51% of Greenie EdTech Corporation for HKD 20,400,000, with approximately HKD 12,600,000 paid in cash[46] - The company further acquired approximately 4.5% of Claman Global Limited for HKD 5,600,000, increasing its stake from 50.3% to 54.8%[47] - The company anticipates potential acquisitions, including the equity stake in Rosarini International Limited's fashion technology business, to enhance its capabilities[41] Strategic Focus - The company is expanding its operations in the UK and EU, enhancing its global reach and influence[29] - The focus on digital transformation, AI, and industry-specific solutions has contributed to revenue growth across the group[29] - The company emphasizes the importance of strategic partnerships and flexible organizational structures to adapt quickly to industry changes[30] - The TeamTech business is developing and managing enterprise-level SaaS mobile resource platforms to enhance business productivity in a post-pandemic environment[30] - The company is committed to investing in talent development, research, and innovation to meet the growing demand for new technologies[30] - The company plans to enhance its business technology application portfolio, focusing on scalable cloud platforms, AI integration, and cybersecurity[34] - The establishment of a regional headquarters in the UK/EU aims to diversify the customer base and capture new opportunities in international markets[35] - The company is committed to ongoing innovation and R&D, particularly in AI, IoT, and other emerging technologies[36] - Strategic partnerships and alliances will be key to the company's growth strategy, enabling access to new technologies and market insights[37] - The company aims to develop environmentally friendly technologies and implement sustainable business practices to reduce environmental impact[38] - Improving customer experience will be a cornerstone of the company's strategy, focusing on personalized solutions and high satisfaction levels[39] Governance and Compliance - The company has not purchased insurance for legal actions against directors, believing the legal risk to be low as of April 30, 2024[58] - The chairman and CEO roles are held by the same individual, which the board believes provides strong leadership and effective strategy implementation[58] - Independent non-executive directors do not have specific terms, which deviates from the governance code, but the board considers this deviation acceptable[58] - The audit committee, composed of three independent non-executive directors, has reviewed the company's financial reporting procedures and internal control systems[60] - The unaudited annual results for the year ending April 30, 2024, have been published but are subject to adjustments upon final audit[60] - Trading of the company's shares will be suspended from 9:00 AM on August 1, 2024, pending the release of the audited annual results[61]
黄河实业(00318) - 2024 - 年度业绩