Financial Performance - The Group reported a revenue of HK$4,013 million for the year, representing a 16% increase compared to HK$3,473 million in the previous year[43]. - Gross profit for the year was HK$1,148 million, reflecting a 21% increase from HK$946 million in the prior year[43]. - Profit attributable to equity shareholders was HK$549 million, up 23% from HK$445 million in the previous year[43]. - Basic earnings per share increased to 27.2 HK cents, a rise of 22% from 22.3 HK cents in the previous year[43]. - The Group's total assets amounted to HK$5,066 million, with shareholders' equity at HK$1,697 million[43]. - The gross profit margin improved to 28.6%, while the net profit margin was 13.7%[43]. - Revenue for the year ended 31 March 2022 was HK$4,013 million, an increase from HK$3,473 million in the previous year, representing a growth of 15.5%[159]. - Net profit for the year was HK$549 million, up from HK$445 million, reflecting a year-on-year increase of 23.4%[159]. - Gross profit margin improved to 28.6% in 2021/22, compared to 27.2% in 2020/21[159]. Market Capitalization - Market capitalization as of March 31, 2022, was HK$2,991,537,616, with a closing price of HK$1.48[20]. - Market capitalization as of June 30, 2022, decreased to HK$2,870,259,064, with a closing price of HK$1.42[20]. Corporate Governance - The company has a strong corporate governance structure with various committees overseeing operations[10]. - The Company has established an audit committee, a nomination committee, and a remuneration committee to maximize Board effectiveness and encourage active participation[192]. - The Company has implemented measures to ensure good corporate governance, including compliance with the Corporate Governance Code[171][176]. - The Board collectively holds responsibility for formulating the Group's overall objectives and strategies, as well as approving annual and interim results[182]. - The Company will continue to review its corporate governance practices to achieve high standards[176][179]. Dividends - The Group has recommended a final dividend of HK4.0 cents per share, down from HK7.0 cents per share in the previous year, resulting in a total dividend of HK9.5 cents per share for the year, compared to HK11.5 cents per share last year[138]. - The Group's dividend policy aims to distribute 30% or more of its profits attributable to shareholders as dividends, maintaining a 26-year record of uninterrupted dividend payments[149]. - The interim dividend for the year was HK4.5 cents per share, an increase from HK4.0 cents per share in the previous year[138]. - The Group's dividend policy aims to maintain a track record of consecutive annual payments, recommending a final dividend of HKD 4.0 cents per share for shareholders[99]. Business Expansion and Strategy - The company is focused on expanding its market presence and enhancing product offerings[6]. - The Group is committed to improving production efficiency and reducing costs for new products to enhance price competitiveness[71]. - The Thailand factory has officially opened, marking a key step in the Group's "China Plus One" strategy to diversify regional risks and increase production flexibility[69]. - The Group continues to invest in industrial development, diversify products, and enhance intelligent production to create value for customers and stakeholders[93]. - The Group plans to adapt its business development plans in response to market changes and explore potential customers to increase profit margins[106]. Employee Engagement and Well-being - The Group emphasizes employee well-being and organized recreational activities to support mental health during the ongoing pandemic[89]. - The average number of employees increased to approximately 3,700, up from 3,350 in the previous year, to meet order demand[129]. - The performance-based bonus system has been adopted, allowing employees with outstanding performance to receive higher bonuses than before[137]. - The Group has established a "Cooperative Home" program to encourage and finance local talent in purchasing flats, addressing the need for talent retention in a competitive labor market[131]. Environmental Initiatives - The Group received multiple awards for its environmental initiatives, including the "EcoChallenger" and "5 Years+ EcoPioneer" awards[22]. Financial Ratios and Metrics - The current ratio decreased to 1.3, and the quick ratio fell to 1.0, indicating a decline in liquidity[43]. - The Group's non-current assets to total equity ratio was 77% as of March 31, 2022, compared to 59% the previous year, indicating stable support from total equity[118]. - As of March 31, 2022, net interest-bearing borrowings were approximately HK$297,712,000, with a net interest-bearing borrowings ratio of 18%, up from 15% the previous year[112]. - The Group's total interest-bearing bank borrowings were approximately HK$1,201,184,000, with cash and bank deposits of approximately HK$924,048,000, ensuring sufficient resources for operational and capital expenditure needs[120]. Acquisitions and Investments - The Group completed the acquisition of Kar Info International Property Limited and Jiaxuntong for a total consideration of USD 100 and RMB 38,000,000, respectively, on March 8, 2022[83]. - The acquisition of Dongguan City Jiaxuntong Computer Products Limited contributed an estimated HK$26,097,000 to the profit for the year ended 31 March 2022[48]. - Without the acquisition, profit attributable to shareholders would have increased by approximately 42% compared to HK$365,281,000 in the previous year[48]. Revenue Breakdown - The revenue breakdown by business segments showed 23% from real estate, 48% from electronics manufacturing services, and 29% from metal and plastic business[39]. - The industrial business revenue increased by approximately 10% to HK$3,075,013,000, up from HK$2,793,374,000[54]. - The Real Estate Business recorded a revenue of HK$938,421,000, representing a 38% increase compared to HK$679,424,000 in the previous year[57]. - M&P revenue for the year ended March 31, 2022, increased by approximately 1% to HK$1,920,032,000, compared to HK$1,895,368,000 for the year ended March 31, 2021[58]. - EMS revenue for the year ended March 31, 2022, increased by approximately 29% to HK$1,154,981,000, compared to HK$898,006,000 for the year ended March 31, 2021, driven by increased market demand for storage products[58].
嘉利国际(01050) - 2022 - 年度财报