Financial Performance - The overall net profit of the group decreased due to the lack of significant gains from property sales, but the core offline retail business recorded considerable profitability[5]. - For the fiscal year 2022/23, the company reported a net loss of HKD 172.6 million, compared to a net profit of HKD 99.7 million in the previous fiscal year, reflecting a significant decline in profitability[57]. - The gross profit for the fiscal year 2022/23 was HKD 534.3 million, with a gross margin of 60.2%, down from HKD 725.4 million and a gross margin of 55.8% in the previous year[61]. - Total revenue for the fiscal year 2022/23 was HKD 196.6 million, a decrease of 21.1% from HKD 249.3 million in the fiscal year 2021/22[62]. - The company reported a total dividend payout of HKD 71,639,000 for the fiscal year ending March 31, 2023, with no recommendation for a final dividend[162]. Environmental Sustainability - The group is committed to reducing environmental impact, focusing on issues such as plastic usage, greenhouse gas emissions, and hazardous waste generation[16]. - Nitrogen oxides (NOx) emissions decreased by 41% from 80.10 kg in 2021 to 46.59 kg in 2022[18]. - Sulfur oxides (SOx) emissions reduced from 0.08 kg in 2021 to 0.05 kg in 2022, a decline of 37.5%[18]. - Particulate matter (PM) emissions fell from 7.94 kg in 2021 to 4.62 kg in 2022, representing a 41.5% reduction[18]. - Total greenhouse gas emissions (Scope 1, 2, and 3) decreased from 1,118.59 tons in 2021 to 654.57 tons in 2022, a reduction of approximately 41.5%[19]. Business Strategy - The group plans to focus on developing its own brand and enhancing brand value while utilizing data analytics to better understand customer preferences[7]. - The group aims to optimize its e-commerce platform and provide a seamless shopping experience across physical stores, online, and social media platforms[7]. - The strategy will emphasize balanced retail portfolio development, prioritizing quality and sustainable growth over mere quantitative expansion[6]. - The group plans to strategically open retail stores in more cost-effective locations, taking advantage of improved rental conditions[79]. - The group successfully restructured its business model to capture retail market opportunities through both offline and online channels[75]. Employee Management - The number of employees decreased from 190 in 2022 to 183 in 2023, reflecting a 3.7% reduction[31]. - Total training hours for employees increased to 1,824 hours in 2022 from 1,567 hours in 2021, indicating a focus on employee development[34]. - The company reported zero workplace injuries in the review year, a significant improvement from one injury reported in the previous year[33]. - Employee costs decreased by approximately 27.0% to about HKD 44.9 million for the fiscal year ending March 31, 2023, compared to HKD 61.5 million in the previous year[87]. - The company emphasizes fair recruitment policies to ensure equal opportunities regardless of gender, race, or age[123]. Corporate Governance - The company has adopted a corporate governance policy to ensure that newly appointed directors receive comprehensive training to understand the business and their responsibilities[110]. - The board consists of 6 members, including 3 executive directors and 3 independent non-executive directors[122]. - The company has adopted a diversity policy for the board, considering factors such as gender, age, cultural background, and professional experience in its nominations[121]. - The audit committee is responsible for reviewing the integrity of the group's financial information, including consolidated financial statements and annual reports[116]. - The company has arranged appropriate liability insurance for directors to protect against legal actions arising from corporate activities, with regular reviews to ensure adequacy[110]. Market Trends - The retail environment has shown signs of recovery since the easing of travel restrictions in early 2023, with a notable increase in tourist numbers[79]. - Same-store sales in Hong Kong recorded zero growth for the year, an improvement from a decline of 13% in 2022, aided by government consumption voucher schemes[79]. - Online sales increased by 66.7% to HKD 4.5 million, while offline sales decreased by 22.1% to HKD 192.1 million, indicating a shift in consumer purchasing behavior[62]. - Same-store sales in Macau decreased by approximately 28% for the fiscal year ending March 31, 2023, compared to a decline of 26% in the previous year[80]. - The company plans to focus on expanding its online presence and enhancing digital marketing strategies to drive future growth[62]. Financial Position - As of March 31, 2023, the group's cash and cash equivalents, along with time deposits, totaled approximately HKD 87.5 million, down from HKD 120.2 million in 2022[6]. - The group's net asset value was approximately HKD 162.5 million, a decrease of 13.7% from HKD 188.2 million in 2022[94]. - The current ratio increased to 4.0, up by 29.0% from 3.1 in the previous year, indicating improved liquidity[65]. - The basic earnings per share dropped to HKD 12.5, down by 67.8% from HKD 38.8 in the previous fiscal year[65]. - The group had no borrowings as of March 31, 2023, maintaining a debt-to-asset ratio of zero[95].
包浩斯国际(00483) - 2023 - 年度财报