Financial Performance - The group's revenue for the year ended March 31, 2019, was approximately HKD 195.0 million, an increase of about 1.0% from approximately HKD 193.2 million for the year ended March 31, 2018[24]. - Gross profit increased by approximately 8.0% to about HKD 66.8 million for the year ended March 31, 2019, compared to approximately HKD 61.8 million for the previous year[25]. - The gross profit margin improved from approximately 32.0% for the year ended March 31, 2018, to approximately 34.3% for the year ended March 31, 2019, primarily due to higher discounts from suppliers[25]. - Other income for the year was approximately HKD 3.0 million, representing an increase of about 13.5% from approximately HKD 2.6 million for the previous year[26]. - Profit for the year ended March 31, 2019, was approximately HKD 15.9 million, a decrease of about 17.8% from HKD 19.4 million in 2018; adjusted profit excluding non-recurring listing expenses was approximately HKD 28.4 million, down about 1.4% from HKD 28.8 million in 2018[31]. Expenses and Costs - Selling and distribution expenses were approximately HKD 24.9 million for the year ended March 31, 2019, an increase of about 6.8% from approximately HKD 23.3 million for the previous year[28]. - Advertising and promotional expenses increased by approximately HKD 1.5 million compared to the previous year, contributing to the rise in selling and distribution expenses[28]. - Administrative expenses for the year ended March 31, 2019, were approximately HKD 23.5 million, an increase of about 46.1% from HKD 16.1 million in 2018, primarily due to non-recurring listing expenses[29]. Inventory and Assets - Inventory as of March 31, 2019, was approximately HKD 56.3 million, an increase of about HKD 23.8 million from HKD 32.5 million in 2018, due to bulk purchasing for higher procurement discounts[32]. - Current assets net worth as of March 31, 2019, was approximately HKD 146.2 million, up from HKD 60.9 million in 2018; current ratio increased from approximately 6.1 to 33.4[33]. Debt and Equity - The company had no bank or other borrowings as of March 31, 2019, remaining at zero since 2018[34]. - The equity-to-debt ratio was zero as of March 31, 2019, indicating no outstanding debts[35]. Employee Information - The total number of employees increased to 43 as of March 31, 2019, with total compensation for the year amounting to approximately HKD 11.2 million, up from HKD 9.3 million in 2018[41]. Corporate Governance - The company has adopted the principles and code provisions of the Corporate Governance Code as the basis for its corporate governance practices since its listing on September 27, 2018[68]. - The board believes that high standards of corporate governance are essential for protecting shareholders' interests and enhancing corporate value[68]. - The company has confirmed compliance with the standard code for securities transactions by directors from the listing date to March 31, 2019[69]. - The board is responsible for overseeing the group's business, strategic decisions, and performance, making objective decisions in the best interest of the company[70]. - The company has established written guidelines for employees regarding securities transactions to ensure compliance with sensitive price information regulations[69]. Risk Management - The company has established a robust internal control and risk management system to safeguard its operations[78]. - The board is responsible for risk management and internal control systems, ensuring they are effective in managing risks associated with achieving strategic goals[105]. - The company has implemented various policies and procedures to ensure effective risk management and compliance with applicable laws and regulations in Hong Kong[106]. Shareholder Information - The company has adopted a dividend policy without a preset payout ratio, allowing the board to propose dividends based on financial conditions[126]. - The company did not declare a final dividend for the year ending March 31, 2019, reflecting a cautious approach to cash distribution amid financial performance considerations[135]. - The available distributable reserves as of March 31, 2019, amounted to HKD 41,195,000, providing a basis for potential future dividends[148]. Management and Board Composition - 港亚控股有限公司的创始人蕭木龍先生自1995年起担任董事，负责领导董事会及监督集团运营[49]. - 执行董事及总经理鍾志輝先生于1995年加入集团，拥有超过20年的流动电话行业经验[50]. - 非执行董事马肇文先生在销售、市场推广及业务管理方面拥有超过25年的经验，曾任摩托罗拉移动通讯香港及台湾的总经理[51]. - The company has a strong management team with over 30 years of experience in the banking industry among its directors[61]. - The financial director has over 25 years of experience in auditing, finance, and company secretarial work[64]. Audit and Compliance - The external auditor was paid HKD 1,000,000 for audit services for the year ending March 31, 2019, with no non-audit services provided[115]. - The independent auditor's report confirms that the consolidated financial statements of the company reflect a true and fair view of its financial position as of March 31, 2019[195]. - The audit was conducted in accordance with the Hong Kong Auditing Standards, ensuring the independence of the auditors[196]. Future Outlook - The group plans to expand its business and increase market share in the prepaid products sector targeting Indonesian and Philippine consumers[20]. - Future outlook中，港亚控股有限公司将继续专注于市场扩张和新产品研发，以提升竞争力[49].
恒月控股(01723) - 2019 - 年度财报