Financial Performance - For the financial year ending March 31, 2023, Karrie International Holdings reported a market capitalization of HK$1,839,527,872 as of March 31, 2023, and HK$1,495,879,808 as of June 30, 2023, with closing prices of HK$0.91 and HK$0.74 respectively[22][21]. - For the year ended 31 March 2023, the Group's revenue from continuing operations was HK$3,082 million, representing a 0.2% increase from HK$3,075 million in 2022[27]. - The profit attributable to equity shareholders for 2023 was HK$211 million, a decrease of 28% compared to HK$303 million in 2022[27]. - The gross profit margin for continuing operations was 10.9% in 2023, down from 14.2% in 2022, indicating a decline of 23%[30]. - The net profit margin for continuing operations was 5.9% in 2023, a decrease of 29% from 8.3% in 2022[30]. - The total assets of the Group as of 31 March 2023 were HK$5,066 million, compared to HK$5,066 million in 2022, showing no change[30]. - The Group's current ratio was 1.0 in 2023, down from 1.3 in 2022, reflecting a decrease of 23%[30]. - The net gearing ratio increased to 54% in 2023, compared to 18% in 2022, indicating a significant increase of 200%[30]. - The total cash dividends per share decreased to HK$5.5 cents in 2023, down 42% from HK$9.5 cents in 2022[30]. - Basic earnings per share for the year 2023 is HK$27.2 cents, an increase from HK$19.1 cents in 2022, representing a growth of approximately 42.8%[40]. - Dividends per share for 2023 is HK$9.5 cents, compared to HK$5.5 cents in 2022, indicating a significant increase of 72.7%[42]. Corporate Strategy and Operations - The company emphasizes a pragmatic, stable, and innovative approach to its operations, aiming to provide fruitful returns for shareholders[16][4]. - Karrie International Holdings continues to invest in the industrial sector, maintaining financial stability and pursuing growth through incremental improvements[17][16]. - The company operates under principles of seeking truth from facts and planning prudently, which guide its strategic decisions[6][16]. - The Group adopts practical measures such as recruiting talents, innovating research and development, diversifying products, and market expansion to address the high concentration of clients[92]. - The Group is committed to lean production and intelligent production technologies to adapt to market demands and improve operational efficiency[155]. - The Group aims to maintain financial stability and invest steadily in the industrial sector despite a volatile business environment[163]. - The Group is focused on improving its internal management system to address challenges related to increasing inventory and operating costs[181]. - The operating philosophy adopted by the Group is "Pragmatic, Stable, Innovative" to ensure continued prosperity amid external challenges[184]. Environmental and Social Responsibility - The Group received multiple awards for its commitment to environmental measures and employee retirement security, including the "Outstanding Environmental Enterprise" and "Best All-round MPF Employer" awards[24]. - The production base in Thailand completed the ISO 14001 audit in May 2023, enhancing its environmental management standards[36]. - The group was awarded the "Energy Saving Certificate" by the Hong Kong Green Organisation Certification for its contributions to energy conservation[36]. - The Group is committed to reducing energy or material consumption from the source and has implemented various environmental measures[85]. - The group received the "Outstanding Corporate Caring Awards" from the Hong Kong Sheng Kung Hui Welfare Council, recognizing its corporate social responsibility efforts[36]. Shareholder Information - The company announced its final dividend payment date for the 2022/23 financial year as September 21, 2023[10]. - The annual general meeting for the 2022/23 financial year is scheduled for August 30, 2023[10]. - The company has approximately HK$240,279,000 available for distribution to shareholders as reserves as of March 31, 2023[67]. - The Group has not purchased or sold any of its shares during the year, indicating a stable shareholding structure[69]. Market and Segment Performance - The revenue of the Metal & Plastic (M&P) segment for the year ended March 31, 2023, was HK$1,918,774,000, showing stability compared to HK$1,920,032,000 for the previous year[175]. - The revenue of the Electronics Manufacturing Services (EMS) segment increased by approximately 1% to HK$1,162,923,000 compared to HK$1,154,981,000 in the previous year[176]. - The Group faced significant challenges in 2022/23, including increased transportation costs and inflation due to the Russo-Ukrainian War, impacting profit margins[176]. - The Group aims to enhance its business in Mainland China and Southeast Asia, consolidate existing customer relationships, and actively develop new customers to increase market share[195]. - The company anticipates increased demand for servers driven by investments in AI models and generative tools, with existing customers entering an operating system update cycle in the second half of 2023[197]. Governance and Compliance - The Group emphasizes the importance of compliance with regulatory requirements and has been implementing systems to ensure ongoing compliance[86]. - The Group has complied with all relevant laws and regulations in Hong Kong, Bermuda, and mainland China[73]. - The Board has adopted a nomination policy that includes criteria such as reputation, experience, commitment, and diversity for assessing candidates for directorship[3][4]. - The Audit Committee's main duties include reviewing the Group's financial reporting process and monitoring the external auditor's independence and effectiveness[125][127]. - The nomination committee was established in January 2022, comprising independent non-executive directors to assess the suitability of candidates for the Board[133][134]. Innovation and Technology - The Group has successfully utilized over 900 robotic arms in various production processes, enhancing efficiency and reducing costs[155]. - The Group registered nearly 70 patents for automation, contributing to improved production quality and competitiveness[155]. - The Thailand plant has completed the installation of automated machines and is fully operational, with some products scheduled to start production in July 2023 and expected to be shipped in September 2023[200]. - The company is focused on improving operational efficiency through value engineering analysis, streamlining production processes, and enhancing automation capabilities for new products[198]. - The Group is committed to automation and efficiency improvements to reduce costs while maintaining quality service and product standards[186].
嘉利国际(01050) - 2023 - 年度财报