Financial Performance - The Group's consolidated revenue for the year ended March 31, 2022, was HK$4,729,976,000, an increase of 3.3% from HK$4,579,837,000 in 2021[19]. - Profit attributable to equity holders for the year was HK$12,634,000, down 58.1% from HK$30,127,000 in 2021[19]. - The Group's total revenue for the year ended March 31, 2022, was HKD 4,729,976,000, an increase from HKD 4,579,837,000 in the previous year[21]. - Profit attributable to equity owners was HKD 12,634,000, down from HKD 30,127,000 in the previous year[21]. - Gross profit increased to HK$937,558,000, up 6.7% from HK$878,504,000, with a gross profit margin of 19.8%[83]. - EBITDA for the year was HK$157,496,000, an increase of 3.8% from HK$151,798,000 in the previous year[83]. - The Group's profit for the year ended March 31, 2022, is detailed in the financial statements, with a recommendation for a final dividend of HK6.5 cents per ordinary share[140]. Sales Performance by Region - Sales from the Hong Kong segment amounted to HK$1,843,958,000, accounting for 39% of total sales, up from HK$1,729,182,000 in 2021[19]. - Sales in Mainland China reached HK$929,929,000, representing 20% of total sales, an increase from HK$863,114,000 in 2021[19]. - Sales in Japan were HK$1,956,089,000, accounting for 41% of total sales, slightly down from HK$1,987,541,000 in 2021[19]. - Revenue from Hong Kong was HKD 1,843,958,000, accounting for 39% of total revenue, compared to HKD 1,729,182,000 in the previous year[21]. - Revenue from Mainland China was HKD 929,929,000, representing 20% of total revenue, up from HKD 863,114,000 in the previous year[21]. - Revenue from Japan was HKD 1,956,089,000, making up 41% of total revenue, slightly down from HKD 1,987,541,000 in the previous year[21]. Product Development and Innovation - The acquisition of Miyata Co., Ltd. contributed to the Group's ability to expand its product offerings and strengthen its brand[10]. - The Group introduced a variety of new products, including ice cream and Japanese food items, to enhance consumer experience in Hong Kong[11]. - The Group's food manufacturing business has seen increased demand due to more citizens choosing to eat at home during the pandemic[39]. - The Group is focusing on expanding its market share in Hong Kong by introducing more varieties of Japanese food, enhancing its retail and distribution leadership[58]. - The Group plans to leverage its competitive advantages in Mainland China, including a hybrid sales model that combines traditional retail with e-commerce platforms like Taobao and Tmall[60]. - The Group is committed to promoting healthy living by featuring products such as tofu, milk, and Japanese eggs in its offerings[59]. - The Group's strategy includes expanding its brand through self-owned factories and various marketing channels in Mainland China[60]. Community Engagement and Corporate Social Responsibility - The Group has engaged in community services, including a charity event to raise food for vulnerable families during the pandemic[50]. - The Group has received multiple awards for social responsibility, including the "Outstanding Social Caring Organisation Award" and "Manpower Developer 2013-2021" recognition[72]. - The Group is actively engaged in community services and supports various charitable activities, enhancing its brand image[128]. Awards and Recognition - The Group has received multiple quality certifications, including HACCP and ISO standards, ensuring high food safety and quality[37]. - The Group has received multiple awards this year, including the Grand Bauhinia Medal and the Gold Bauhinia Star, recognizing its contributions and leadership in the industry[70]. - The Group's brand "Okashi Land" was named the "Most Popular Hong Kong and Macau Brand," highlighting its strong market presence[72]. - The company was awarded the "Best All-round MPF Employer" for 7 consecutive years, showcasing its commitment to employee benefits and retirement planning[72]. Market Strategy and Future Outlook - The Group aims to maintain its leading position in the local market while exploring opportunities in Mainland China, Japan, and other regions[52]. - Three positive factors for future growth include reduced import costs due to a weak yen, high consumer demand for Japanese food, and a subdued pandemic environment[53]. - The Group anticipates continued growth driven by favorable market conditions and strategic expansion efforts[56]. - The company has set a revenue target of $500 million for the upcoming fiscal year, representing a 10% growth forecast[195]. - Investment in new technology for production is projected to increase output capacity by 30% over the next two years[195]. - The management team emphasized a commitment to sustainability, aiming to reduce carbon emissions by 20% by 2025[195]. Financial Position and Risk Management - As of March 31, 2022, the Group held cash and cash equivalents of HK$611,220,000 and had banking facilities of HK$2,837,689,000, with 37% utilized[102]. - The Group's gearing ratio was 78% as of March 31, 2022, indicating a significant level of debt relative to equity[102]. - The Group has ongoing transactional currency exposures mainly from sales and purchases in Japanese yen and Renminbi, which could impact operating results[102]. - The Group's financial risk management objectives and policies are outlined in note 41 of the financial statements[131]. Leadership and Management - Executive Director Hu Yongbiao has over 30 years of experience in the food and candy industry, responsible for establishing close ties with suppliers in mainland China and overseas[200]. - Executive Director Huang Fuheng has extensive experience in market development and strategy, having joined the group in 2014[200]. - The company emphasizes strong leadership with a diverse background in sales, marketing, and procurement among its executives[200].
四洲集团(00374) - 2022 - 年度财报