Financial Performance - Revenue for the fiscal year 2023/2024 reached HKD 92,617,000, an increase of 13.7% from HKD 81,460,000 in the previous year[19] - Gross profit increased to HKD 57,406,000, representing a significant growth of 47.8% compared to HKD 38,836,000 in the prior year[19] - The net loss for the year improved to HKD (36,400,000), a reduction of 26.0% from HKD (49,168,000) in the previous year[19] - Gross margin increased to 62.0%, up from 47.7%, reflecting a 30.0% improvement[19] - The net loss margin improved to (39.3)%, compared to (60.4)% in the previous year, marking a 34.9% enhancement[19] - Basic and diluted loss per share improved to HKD (3.36) from HKD (4.53), a 25.8% reduction[19] - The group recorded a net loss of approximately HKD 36.4 million, a reduction of about 26.0% from the previous year's loss of HKD 49.2 million[55] Revenue Breakdown - The product development segment remains the largest business segment, accounting for approximately 97.7% of total revenue, up from 96.5% in 2023[38] - The revenue contribution from the brand development and management segment slightly decreased from about 1.7% last year to approximately 1.5% this year[38] - The trading segment accounted for about 0.2% of total revenue this year, down from 0.9% in 2023[38] - Revenue from the Hong Kong market was approximately HKD 658 million, accounting for about 71.1% of total revenue, compared to 56.5% in the previous year[55] - Revenue from the mainland China market was approximately HKD 268 million, representing about 28.9% of total revenue, down from 43.5% in the previous year[55] Operational Efficiency - Inventory turnover days decreased to 155.9 days from 184.6 days, a reduction of 15.5%[19] - Trade receivables turnover days improved to 35.2 days, down from 50.1 days, a decrease of 29.7%[19] - Current ratio remained stable at 0.2, with quick ratio also at 0.1, indicating consistent liquidity management[19] Strategic Initiatives - The company aims to develop new products and enhance brand awareness as part of its future strategy[34] - The company plans to expand its e-commerce sales distribution channels[34] - The company is focusing on developing OEM business in the mainland China market[36] - The company plans to focus on developing the children's health supplement market in mainland China, anticipating significant benefits from the "three-child" policy[49] - The company aims to expand its online sales network and leverage social media platforms to reach a broader customer base[58] Corporate Governance - The company has adopted the corporate governance code and believes it has complied with all applicable provisions during the year[13] - 彭少衍先生自1996年起担任公司主席兼首席执行官，负责整体策略规划和日常管理[111] - 關麗雯女士自1996年起担任董事总经理，负责监督公司业务运营，拥有超过30年的行业经验[113] Community Engagement and CSR - The total community contribution by the company amounted to approximately HKD 8.96 million in Hong Kong and HKD 11.95 million in mainland China[187][188] - The company has committed to corporate social responsibility, actively participating in community service and charitable activities for over 15 years[181] - The company donated approximately HKD 7.8 million worth of anti-epidemic supplies to support community health initiatives across Hong Kong[186] - The company provided support worth about HKD 235,000 for cultural and sports activities, including sponsorship of the "Zeng Xianbei - Bauhinia Cup" Mandarin recitation competition[187] ESG Initiatives - The group is committed to measuring key performance indicators (KPIs) for environmental, social, and governance (ESG) performance, with annual reporting frequency[121] - The group has established a three-tier ESG governance structure, with the board serving as the highest decision-making body[128] - The company has established an ESG strategy that aligns with global standards and incorporates stakeholder feedback into its operational decisions[178] - The company has identified "water conservation" as a rising concern among stakeholders, reflecting an increased focus on this ESG issue[176] Future Outlook - The group aims to continuously improve brand awareness and expand its manufacturing business as part of its future outlook[71] - The group plans to build a production facility for health supplements in Yunfu, Guangdong Province, to enhance production efficiency and quality control, which is a long-term investment aimed at capturing future market opportunities[97]
衍生集团(06893) - 2024 - 年度财报