Financial Performance - Revenue for the financial year ended 31 March 2021 increased by 31.4% from HK$3,443,430,000 to HK$4,525,762,000 compared with the last financial year[9] - Gross profit for this financial year increased by 23.6% from HK$559,885,000 to HK$691,753,000[9] - Profit attributable to owners of the Company for the financial year ended 31 March 2021 was HK$37,527,000, up from HK$30,283,000 in 2020[9] - Earnings per share attributable to owners of the Company were HK$0.7 cent for this financial year, compared with HK$0.6 cent in the last financial year[9] - The Group's revenue increased from HK$3,443.4 million in 2020 to HK$4,525.8 million in 2021, representing a growth of approximately 31.5%[24] - Gross profit rose from HK$559.9 million in 2020 to HK$691.8 million in 2021, marking an increase of about 23.5%[24] - Net profit attributable to owners increased to HK$37.5 million in 2021 from HK$30.3 million in 2020, reflecting a growth of approximately 23.5%[24] Expenses and Costs - Selling and distribution costs for this financial year increased by 22.0% compared with the same in the last financial year[9] - Administrative expenses for this financial year decreased by 9.6% compared with the same in the last financial year[9] - Other income, gains and losses for this financial year were losses of HK$51,230,000, compared to gains of HK$5,506,000 in 2020[9] - Finance costs decreased by approximately 21.4% from approximately HK$82.1 million to approximately HK$64.5 million, attributed to reduced borrowing for automobile inventories[60] Assets and Liabilities - Total assets grew to HK$4,086.2 million in 2021 from HK$3,597.1 million in 2020, an increase of about 13.6%[19] - Total liabilities decreased from HK$1,594.1 million in 2020 to HK$1,426.9 million in 2021, a reduction of approximately 10.5%[19] - The Group's total liabilities were approximately HK$2,659.3 million as of 31 March 2021, compared to approximately HK$2,002.9 million in the previous year[61] - The Group's cash at banks and in hand increased to approximately HK$246.5 million from approximately HK$116.0 million, mainly due to a decrease in inventory levels[61] Market and Business Segments - The Group's auto business remains the primary income driver, contributing approximately 90% of total revenue[24] - The ultra-luxury automobile distributorships of Bentley, Lamborghini, and Rolls-Royce recorded a revenue increase of approximately 35% to approximately HK$4,076 million, compared to approximately HK$3,016 million in the previous financial year[38] - Bentley achieved total sales of approximately HK$2,005 million, representing a 75% increase from approximately HK$1,146 million in the previous financial year, with 586 units sold, a 70% increase from 345 units[38] - Rolls-Royce sales rose to approximately HK$1,553 million, reflecting a 17% increase from approximately HK$1,326 million, with 233 units sold, a 13% increase from 207 units[38] - Lamborghini recorded a revenue increase of approximately 1% to approximately HK$440.8 million, with 130 units sold, a 13% increase from 115 units[40] Dividends and Share Capital - No dividend was declared for this financial year, consistent with 2020[9] - The company raised approximately HK$50 million from the issuance of 318,500,000 new ordinary shares at a price of HK$0.157 per share, fully utilized for the subscription of B&O Rights Shares[89] - As of March 31, 2021, the total number of shares issued by the Company is 5,471,953,447[164] - The company's distributable reserves amount to approximately HK$359,173,000, a decrease from HK$365,527,000 in 2020[134] Future Outlook and Challenges - The global semiconductor shortage poses a threat to the supply of automobiles by manufacturers, despite stable luxury car sales[104] - The financial and operational activities of the group have returned to a healthy status due to effective COVID-19 control measures in Mainland China[103] - The Group will adopt a prudent approach in its money lending business and will not increase investment amounts in the upcoming financial year[107] - The film investment segment is not expected to contribute substantially to the Group in the upcoming financial year[107] Corporate Governance - The board of directors includes both executive and independent non-executive members, with specific appointments and resignations noted[145] - The Company has received annual confirmations of independence from all Independent Non-executive Directors[150] - There are no significant transactions or contracts involving Directors with material interests during the financial year[150] - The Company has arranged appropriate liability insurance coverage for its directors and officers[159]
新耀莱(00970) - 2021 - 年度财报