Financial Performance - For the fiscal year ending March 31, 2023, the group's revenue was HKD 2.13 billion, an increase of 5.5% compared to HKD 2.02 billion in the previous year[5]. - Net profit attributable to equity shareholders was HKD 252.6 million, up 25.7% from HKD 209 million in the previous year[6]. - Sales revenue in Hong Kong decreased by 2.6% due to the challenging retail environment impacted by COVID-19[10]. - Taiwan achieved a sales revenue growth of 22.1% and a profit growth of 62.1% in local currency[10]. - Retail and wholesale sales in China recorded a growth of 7.6% despite significant impacts from COVID-19[10]. - Hong Kong contributed 69.7% to total sales, Taiwan accounted for 25.4%, and other regions made up 4.9%[64]. - The group achieved a 22.1% increase in sales revenue and a 62.1% increase in profit in Taiwan, reflecting improved sales and gross margins, as well as effective cost and inventory control[63]. - The group incurred a loss of HKD 52.4 million in its investment portfolio during the review period due to extreme market volatility[111]. - The group maintained a zero debt ratio, with no bank loans after accounting for cash reserves[103]. - As of March 31, 2023, the group's net current financial resources amounted to HKD 2.226 billion, an increase from HKD 2.045 billion in the previous year[101]. - The current ratio (current assets to current liabilities) improved to 2.3 times from 1.9 times the previous year[103]. Dividend and Shareholder Information - The board proposed a final dividend of HKD 0.27 per share, maintaining the total dividend at HKD 0.35 per share, resulting in a dividend yield of 8.73% based on the closing price of HKD 4.01[6]. - The company plans to propose a final dividend for the year ending March 31, 2023, at the upcoming annual general meeting[44]. - The company reported a significant increase in user data, with a total of 233,481,426 shares held by major shareholders, representing 59.23% ownership[143]. - As of March 31, 2023, the total shares held by Sir Pan and Mr. Pan amounted to 233,481,426 shares, representing 59.23% and 59.25% of the company's issued share capital respectively[193]. Market and Operational Strategy - The group anticipates a continued challenging retail environment in Hong Kong due to inflation and rising interest rates[22]. - Taiwan remains the strongest market for the group, with record highs in both sales and profits, although political activities may impact the market in the second half of the year[26]. - The group remains optimistic about the long-term prospects in China and plans to continue expanding its retail network in the region[41]. - The group will continue to manage its retail network and investment portfolio prudently while strictly controlling operational costs[27]. - The group emphasizes strict control over gross margins and operational costs, contributing to the increase in profitability[62]. - The group plans to continue strict cost control across all operational levels amid a challenging retail environment[112]. Corporate Governance and Compliance - The board of directors includes independent non-executive directors with extensive experience in finance and auditing, enhancing corporate governance[137][138]. - The company has a diverse board with members holding significant experience in various industries, which supports strategic decision-making[139]. - The company has a strong commitment to maintaining transparency and compliance with securities regulations, ensuring that all shareholder interests are properly disclosed[144]. - The company has established a maximum annual limit for ongoing related party transactions, ensuring transparency and adherence to regulatory requirements[188]. - The management of the company and the Yilin Group operates independently, despite shared board members, ensuring that the company's interests are adequately protected[189]. Employee and Operational Efficiency - As of March 31, 2023, the group employed 732 staff members, with total employee costs amounting to HKD 261.8 million, a decrease from HKD 279.9 million in 2022[148]. - The group’s financial summary indicates a focus on maintaining operational efficiency and cost management strategies[151]. Related Party Transactions - The company is involved in ongoing transactions with the Dupont Group, focusing on the production and distribution of luxury goods, including lighters and writing instruments, under normal commercial terms[145]. - The company continues to engage in transactions with Dickson Communications for advertising and marketing services, conducted under normal commercial terms[184]. - The company has not entered into any significant contracts related to its business that would give directors a substantial interest during the fiscal year[194].
迪生创建(00113) - 2023 - 年度财报