Financial Performance - L & A International Holdings Limited reported a revenue of HKD 150 million for the fiscal year 2019, representing a 10% increase compared to the previous year[15]. - The company achieved a net profit of HKD 30 million, which is a 15% increase year-over-year[15]. - Future guidance estimates a revenue growth of 12% for 2020, projecting total revenue to reach HKD 168 million[15]. - The Group's revenue increased from approximately HK$57.9 million for the year ended 31 March 2018 to approximately HK$71.7 million for the year ended 31 March 2019, representing an increase of approximately 23.9%[41]. - Revenue from the OEM Business slightly increased by approximately 1.2% to approximately HK$44.4 million for the year ended 31 March 2019 compared to the previous year[41]. - Revenue from the Retail Business decreased by approximately 80.1% to approximately HK$1.0 million for the year ended 31 March 2019 compared to the previous year[41]. - The Money Lending Business generated interest income of approximately HK$2.4 million, representing a decrease of approximately 72.6% compared to the last year[28]. - The Wholesaling Business generated revenue of approximately HK$23.9 million during the year ended 31 March 2019[29]. - The Group reported a loss of approximately HK$10.1 million for the year ended March 31, 2019, compared to a loss of approximately HK$271.2 million for the year ended March 31, 2018[47]. Business Strategy and Development - User data indicated a growth in active users by 25%, reaching a total of 500,000 users by the end of 2019[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[15]. - New product development includes the launch of a mobile application aimed at enhancing user engagement, expected to be released in Q3 2020[15]. - The company has allocated HKD 10 million for research and development in new technologies for the upcoming fiscal year[15]. - The Group plans to strengthen its customer base in the OEM Business and continue to find new orders and customers[30]. - In the Retail Business, the Group will monitor consumer behavior and consider appropriate promotion plans to boost revenue[31]. - The Group established new businesses, including financial education courses and property investment, to diversify its income streams[32]. - The Group acquired a property in Japan in June 2019, expecting promising rental income and appreciation potential[34]. Operational Efficiency and Cost Management - Management emphasized a focus on improving operational efficiency, aiming for a 5% reduction in operational costs by the end of 2020[15]. - The Group's cost of sales increased by approximately 41.2% to approximately HK$62.0 million for the year ended 31 March 2019 compared to the previous year, mainly due to the newly introduced Wholesaling Business[42]. - Selling and administrative expenses increased by approximately HK$8.5 million to about HK$33.4 million for the year ended March 31, 2019, consistent with the rise in revenue[47]. Corporate Governance and Compliance - The board of directors confirmed their commitment to maintaining transparency and accuracy in financial reporting, adhering to GEM Listing Rules[15]. - The Group complied with relevant laws and regulations that significantly impact its business and operations during the year[99]. - The Company has fully complied with all applicable provisions of the Corporate Governance Code for the year ended 31 March 2019[194]. - The Company has adopted various policies to ensure compliance with the Corporate Governance Code and will continue to enhance its governance practices[194]. - The Company appointed Crowe (HK) CPA Limited as the auditor effective from 17 April 2019, following the resignation of Elite Partners CPA Limited due to a disagreement on audit fees for the financial year ended 31 March 2019[188]. Shareholder Information - As of March 31, 2019, the share capital and equity attributable to owners of the company amounted to approximately HK$51.2 million and HK$98.2 million, respectively[47]. - The Company's reserves available for distribution as of 31 March 2019 amounted to approximately HK$7.6 million, a decrease from HK$63.1 million in 2018[106]. - The company did not purchase, sell, or redeem any of its shares during the year ended March 31, 2019[161]. - Approximately HK$4 million of the proceeds from the share placing completed on August 11, 2016, was used as general working capital by the end of the reporting period[161]. Employee and Director Remuneration - Mr. Lau Chun Kavan is entitled to a director's fee of HK$20,000 per month, while Ms. Wang Tsz Yue receives HK$30,000 per month[129][128]. - The remuneration of directors and senior management is reviewed annually by the Board and the Remuneration Committee[129]. - The company offers competitive remuneration packages to attract and retain high-quality staff, with regular reviews based on market conditions and individual qualifications[136]. Risk Management - The group has not entered into agreements to hedge exchange rate risks, which may impact financial results due to fluctuations in HK$ or USD[51]. - There were no material disputes with suppliers, customers, or other stakeholders during the year ended March 31, 2019[105].
传承教育集团(08195) - 2019 - 年度财报