Financial Performance - Revenue for the year ended June 30, 2024, was RMB 218,611,000, an increase of 4.3% from RMB 209,807,000 in 2023[2] - Gross profit for the same period was RMB 75,004,000, representing a gross margin of 34.3%, up from RMB 54,121,000 in 2023[2] - The net loss for the year was RMB 31,566,000, compared to a net loss of RMB 28,510,000 in the previous year, indicating a 7.2% increase in losses[2] - Total revenue for the fiscal year ending June 30, 2024, was RMB 218,611,000, with contributions from network, audio, and communication system services at RMB 43,181,000 and e-commerce operations at RMB 152,236,000[12] - The segment profit for network and communication system services was RMB 5,434,000, while the e-commerce segment reported a loss of RMB 23,357,000, leading to an overall segment loss of RMB 10,667,000[12] - The company reported a total of RMB 205,317,000 in revenue recognized at a point in time, with RMB 34,421,000 from network services and RMB 152,236,000 from e-commerce[12] - For the fiscal year ending June 30, 2024, the company reported a loss before tax of RMB 30,537,000, compared to a loss of RMB 27,609,000 in 2023, representing an increase in loss of approximately 6.9%[21] - The company recorded a total comprehensive loss attributable to owners of approximately RMB 25.1 million for the current year, compared to a loss of approximately RMB 20.1 million for the year ended June 30, 2023[86] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 97,521,000, down from RMB 103,497,000 in 2023, reflecting a decrease of 5.4%[3] - Cash and cash equivalents decreased to RMB 44,053,000 from RMB 46,097,000, a decline of 4.4% year-over-year[3] - The total liabilities for leases as of July 1, 2024, were RMB 7,670,000, which decreased to RMB 3,496,000 by June 30, 2024, showing a reduction of 54.4%[33] - The company’s total liabilities decreased from RMB 28,742,000 in 2023 to RMB 20,584,000 in 2024, indicating improved financial stability[47] - The total borrowings decreased from RMB 80,687,000 in 2023 to RMB 78,226,000 in 2024, with a notable reduction in unsecured loans from RMB 7,600,000 to RMB 4,400,000[50] - The asset-liability ratio improved to 100.4% in 2024 from 116.4% in 2023, reflecting a reduction in unsecured bank borrowings[101] Operational Focus and Strategy - The company is focused on expanding its operations in Singapore and China, particularly in the sales of network, audio, and communication systems[4] - The company aims to enhance its product offerings and improve operational efficiency through ongoing research and development initiatives[4] - The company has a strategic focus on expanding its e-commerce operations, which generated significant revenue but also incurred losses in the current fiscal year[12] - The company aims to strengthen its position in the e-commerce ecosystem by facilitating connections between brands, platforms, and consumers[59] - The company plans to leverage its operational expertise to enhance brand influence and optimize marketing strategies for clients in the growing e-commerce sector[58] Employee and Operational Costs - Total employee costs amounted to RMB 56,531,000, an increase of 12.4% from RMB 50,148,000 in 2023[23] - Marketing and promotional expenses rose significantly to RMB 28,600,000, compared to RMB 15,536,000 in 2023, reflecting an increase of approximately 83.8%[23] - Sales and administrative expenses increased by approximately RMB 17.4 million or 39.8%, from approximately RMB 43.5 million for the year ended June 30, 2023, to approximately RMB 60.9 million for the current year[82] Shareholder and Corporate Governance - The company completed a placement of 142,628,000 shares, representing approximately 13.63% of the enlarged issued share capital as of the report date[123] - The total amount raised from the placement was HKD 28,810,856, with a net amount of HKD 28,593,346 after deducting commissions and related expenses[123] - The company has committed to high standards of corporate governance to enhance confidence among shareholders and stakeholders[124] - The board will continue to review and improve corporate governance practices to increase transparency and accountability[124] Market Trends and Growth Projections - The Chinese brand e-commerce service market reached a size of RMB 407.71 billion in 2023, reflecting a year-on-year growth of 11.3%[60] - The overall e-commerce transaction volume in China was RMB 43.84 trillion in 2022, with a year-on-year growth rate of 3.5%[61] - The brand e-commerce service market is projected to grow to RMB 586.23 billion by 2028, driven by digital capabilities and comprehensive service systems[60] - The live e-commerce market in China reached a scale of 4.9 trillion yuan in 2023, growing by 35.2% year-on-year[69] Financial Reporting and Standards - The company has adopted new International Financial Reporting Standards, which did not significantly impact the financial performance for the current and prior periods[5] - The implementation of the revised IFRS 1 and IFRS 2 has not had a significant impact on the company's financial position or performance, but has affected the disclosure of accounting policies in the consolidated financial statements[7] - The company is currently evaluating the impact of IFRS 18, which introduces new requirements for financial performance reporting, effective from January 1, 2027[9]
ISP GLOBAL(08487) - 2024 - 年度业绩