Financial Performance - The company reported a significant increase in revenue for the fiscal year 2022/23, achieving a total of HKD 1 billion, representing a growth of 15% compared to the previous year[3]. - The company's revenue increased by 4.7% to HKD 1,330,000,000, while gross profit rose by 11.8% to HKD 223,300,000[14]. - Profit attributable to equity shareholders surged by 130.7% to HKD 615,100,000, demonstrating strong financial performance despite global economic challenges[14]. - The group’s consolidated revenue for the fiscal year ending March 31, 2023, was approximately HKD 1,330,000,000, an increase of 4.7% compared to HKD 1,270,000,000 in the previous fiscal year[16]. - Profit attributable to shareholders was HKD 615,100,000, a significant increase of approximately HKD 348,500,000 from HKD 266,600,000 in the previous year, primarily due to strong performance in the capacitor business and gains from the sale of shares in Nantong Jianghai[16]. - The company reported a significant gain from the sale of an associate company amounting to HKD 241,503[99]. - Net profit for the year reached HKD 661,244, a significant increase of 134% compared to HKD 282,353 in the previous year[99]. User Growth and Market Expansion - User data indicates a steady increase in active users, with a reported growth of 20% year-over-year, reaching 500,000 active users by the end of the fiscal year[3]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the region over the next two years[3]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[99]. Product Development and Innovation - New product development is underway, with plans to launch two innovative products in the next quarter, expected to contribute an additional HKD 200 million in revenue[3]. - The company has invested HKD 50 million in research and development for new technologies aimed at improving product efficiency and reducing costs[3]. - The company continues to invest heavily in R&D to expand its product portfolio and upgrade production facilities[14]. Strategic Initiatives - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's operational capabilities and increase revenue by approximately HKD 300 million annually[3]. - The company plans to implement new marketing strategies, allocating an additional HKD 30 million to digital marketing efforts to boost brand awareness and user acquisition[3]. Customer Engagement and Satisfaction - The management team emphasized the importance of enhancing customer engagement, with a goal to increase customer satisfaction scores by 15% in the upcoming year[3]. - The company is focused on enhancing customer satisfaction and operational efficiency as part of its long-term strategy[14]. Corporate Governance - The board of directors remains committed to maintaining strong corporate governance practices to ensure transparency and accountability in all operations[3]. - The company has complied with the corporate governance code as per the Hong Kong Stock Exchange regulations throughout the year[33]. - The board believes that its current structure ensures independence and objectivity, safeguarding the interests of shareholders[37]. Financial Position and Liquidity - The group’s current ratio as of March 31, 2023, was 2.3, up from 1.9 in the previous year, indicating improved liquidity[27]. - Cash and cash equivalents rose to HKD 300,313, up from HKD 104,334, showing improved liquidity[102]. - The company reported a decrease in inventory by HKD 82,197, contrasting with an increase of HKD 91,559 in the previous year[110]. Shareholder Returns and Dividends - The board proposed a final dividend of HKD 0.05 per share and a second special dividend of HKD 0.05 per share, in addition to a special dividend of HKD 0.20 per share paid in December 2022[16]. - The company declared dividends amounting to HKD 241,014,000, which represents a significant distribution to shareholders[108]. - The company paid dividends amounting to HKD 241,014, up from HKD 19,517 in the previous year, indicating a significant increase in shareholder returns[111]. Audit and Financial Reporting - The company is responsible for preparing true and fair consolidated financial statements according to Hong Kong Financial Reporting Standards and the Companies Ordinance[96]. - The auditor's goal is to reasonably ensure that the consolidated financial statements are free from material misstatement due to fraud or error[97]. - The audit process involves obtaining sufficient and appropriate audit evidence to form an opinion on the consolidated financial statements[98]. Risk Management and Internal Controls - The board reviewed the effectiveness of the internal control and risk management systems, deeming them robust enough to protect the interests of shareholders, customers, and employees[56]. - The company has appointed an independent internal control consultant to conduct regular internal audits, focusing on the effectiveness of major internal controls and risk management[55]. Financial Assets and Liabilities - The group recognizes lease liabilities at the present value of unpaid lease payments on the lease commencement date[140]. - Financial liabilities, including trade and other payables and bank borrowings, are measured at amortized cost using the effective interest method[194]. - The group assesses expected credit losses based on historical data and forward-looking information, with collective assessments considering overdue status and debtor characteristics[190].
亿都(国际控股)(00259) - 2023 - 年度财报