Financial Performance - The total revenue for the fiscal year 2024 reached HKD 586.9 million, a decrease of 5% compared to HKD 618.5 million in 2023[2] - The gross profit increased by 6% to HKD 170.2 million, resulting in a gross margin of 29%, up 3 percentage points from the previous year[2] - The operating loss for the year increased by 58% to HKD 128.0 million, while the net loss rose by 34% to HKD 208.7 million[2][3] - The loss attributable to equity holders increased by 51% to HKD 135.3 million, with a basic loss per share of HKD 0.502[2][5] - The company reported a net loss of approximately HKD 208,746,000 for the year ending June 30, 2024[10] - The group's loss increased by 34% to HKD 208,746,000 (2023: HKD 155,719,000), with a net profit margin worsening by 11 percentage points to -36% (2023: -25%) due to hedge losses from rising gold prices[38] - The company incurred a net loss of HKD 157,269,000 for the year, with a pre-tax loss of HKD 159,954,000[18] - The company reported a pre-tax loss of HKD 140,144,000 for continuing operations in 2024, compared to a loss of HKD 88,293,000 in 2023[23] Operating Expenses and Liabilities - The total operating expenses as a percentage of revenue increased by 14 percentage points to 55%[2] - Current liabilities amounted to HKD 1,510,894,000, a decrease from HKD 2,006,898,000 in the previous year[7] - The net current liabilities increased to HKD 682,645,000 from HKD 450,906,000 year-over-year[7] - Non-current liabilities rose to HKD 176,675,000, compared to HKD 144,134,000 in the previous year[7] - The company has a total equity deficit of HKD 573,535,000, up from HKD 370,739,000 in the previous year[7] Revenue Sources and Segments - Retail revenue from Mainland China reached HKD 402,360,000, while retail revenue from Hong Kong and Macau was HKD 88,028,000, contributing to a total revenue of HKD 490,388,000 from retail goods[18] - The company reported a total revenue of HKD 804,292,000, including HKD 29,599,000 from brand services and HKD 183,802,000 from new media marketing services[18] - Retail business remained the main revenue source, contributing 91% of total revenue, with retail revenue slightly down by 2% to HKD 532,209,000 (2023: HKD 545,494,000)[42] - The group has identified three reportable segments as of June 30, 2023: retail and franchise business selling gold and jewelry products in Mainland China, retail business selling gold and jewelry products in Hong Kong and Macau, and new media marketing services in Mainland China[15] Inventory and Cash Flow - The inventory level increased to HKD 728.1 million, up from HKD 532.9 million in 2023[6] - The company reported an operating cash outflow of HKD 4,822,000 for the period from July 1, 2023, to January 12, 2024[32] - Inventory increased by 37% to HKD 728,097,000, with average inventory turnover days rising to 552 days[56] Strategic Initiatives and Future Plans - The company is expanding its retail network by opening self-operated stores in Hong Kong, Macau, and mainland China[1] - The company is redeploying its brand business as part of its new corporate strategy[1] - The company plans to expand its new media marketing services, which generated HKD 183,802,000 in revenue, indicating a strategic focus on digital marketing[18] - The group plans to expand its mainland business through self-operated stores, brand stores, and e-commerce, targeting young consumers with affordable luxury jewelry[62] - The company is exploring opportunities for market expansion and potential acquisitions to enhance its service offerings and revenue streams[18] Governance and Compliance - The board emphasizes maintaining high-quality governance practices and has adopted the corporate governance code as per the Hong Kong Stock Exchange[66] - The audit committee has reviewed the consolidated financial statements for the year ending June 30, 2024[69] - The auditor confirmed that the preliminary performance announcement aligns with the audited financial statements for the year[70] Changes and Announcements - The company has changed its registered office address to a new location in Shatin, Hong Kong, effective February 27, 2024[8] - The company will change its English name from "Hong Kong Resources Holdings Company Limited" to "3DG HOLDINGS (INTERNATIONAL) LIMITED" effective from July 9, 2024[64] - The company has decided not to declare any final dividends for the year ending June 30, 2024[65] Employee and Stakeholder Relations - The company expresses gratitude to employees, shareholders, customers, and stakeholders for their support and contributions[72]
金至尊集团(02882) - 2024 - 年度业绩