Financial Performance - Revenue for the year ended June 30, 2023, was HK$128,737,000, a slight increase from HK$127,755,000 in 2022, representing a growth of 0.85%[3] - Adjusted profit for 2023 was HK$9,694,000, up from HK$4,558,000 in 2022, marking an increase of 113.4%[3] - Attributable profit for 2023 was HK$9,694,000 compared to HK$4,558,000 in 2022, reflecting a growth of 113.4%[3] - Earnings per share increased to 3.72 HK cents in 2023 from 2.06 HK cents in 2022, representing an increase of 80.6%[3] - Profit attributable to owners for the year ended June 30, 2023, was approximately HK$9.7 million, an increase from approximately HK$4.6 million for the previous year, with earnings per share rising to HK3.72 cents from HK2.06 cents[37] - The profit attributable to owners for the year ended June 30, 2023, was approximately HK$9.7 million, up from HK$4.6 million in the previous year, representing an increase of about 110.9%[40] - Earnings per share increased to HK$3.72 from HK$2.06, reflecting a growth of approximately 80.8% year-over-year[40] Assets and Liabilities - Cash and cash equivalents as of June 30, 2023, were HK$100,760,000, down from HK$108,260,000 in 2022, a decrease of 6.9%[3] - Total assets increased to HK$223,951,000 in 2023 from HK$210,187,000 in 2022, an increase of 6.5%[3] - Equity attributable to owners of the Company rose to HK$134,593,000 in 2023 from HK$133,279,000 in 2022, a marginal increase of 0.98%[3] - The Group's liquid assets as of June 30, 2023, amounted to approximately HK$101 million, a decrease from HK$108 million in 2022[118] - Current assets were approximately HK$176 million, up from HK$159 million in 2022, while current liabilities increased to approximately HK$87 million from HK$75 million[118] - The Group maintained a net current asset position of approximately HK$89 million, compared to HK$84 million in 2022, indicating healthy financial liquidity[118] - The Group had no borrowings as of June 30, 2023, maintaining a zero-gearing ratio, consistent with the previous year[118] Strategic Initiatives - Project Aurora is highlighted as a key strategic initiative aimed at sustainable urbanization and enhancing community quality of life[12] - Future focus will remain on the completion of Project Aurora, which is expected to be a transformative milestone for the Group[16] - The company has established strategic partnerships with international organizations to incorporate cutting-edge technologies and sustainable practices in product development[15] - The company aims to expand its market share while aligning with government strategies to protect vulnerable populations and maintain economic stability[22] Product Development and Innovation - The company continued to invest in the development of next-generation products, including Cloud and Internet of Things solutions, to enhance critical messaging capabilities[27] - The Multitone i-Message® platform successfully migrated to Cloud computing, with sales to the UK public sector healthcare and interest from international markets[29] - The EkoTek® personal security platform saw increased sales in the UK mental healthcare sector, driven by new product developments[34] - The company launched the MaBLE wander alarm wristband solution for elderly and dementia patient care, which integrates with the EkoTek Management System[35] - The next generation EkoTek Hub was released in Q1 2022, enabling larger deployments and supporting more devices in the Mental Healthcare market[64] - The development of a vandal and ligature resistant call point device for the EkoTek range led to the largest deployment of EkoTek solutions in the UK at Camden & Islington Mental Healthcare NHS Trust[65] - The Multitone Digital Alerter ("MDA") is under development, featuring an e-ink display and expected to be released for sales by the end of 2023[98] - The company plans to address market feedback with the launch of both Multitone Aurora™ and MDA in the forthcoming fiscal year, enhancing available solutions and opening new markets[106] Market Performance - The UK sales operation exceeded targets for the fiscal year despite significant challenges, with a focus on achieving increased sales targets in the new fiscal year[105] - The EU market is recovering post-COVID-19, with key distributors in France and Scandinavia increasing their sales[107] - In Oceania, sales have recovered and exceeded pre-pandemic levels, aided by a new distributor in New Zealand[108] - The US market remains behind expectations, although revenue has surpassed the previous period[109] - Component shortages and supply chain interruptions are easing, leading to a recovery in the second half of the fiscal year[91] Financial Management and Compliance - The Group has consistently followed prudent financial management principles, maintaining positive liquidity[133] - The Group does not engage in speculative derivative transactions or structured products, managing foreign exchange risk directly[134] - The Group has complied with all relevant laws and regulations that significantly impact its business and operations during the review year[183] - Compliance procedures are in place to ensure adherence to applicable laws and regulations, with no significant disputes reported with distributors or customers during the year[177][179] Governance and Leadership - The company in 2023 continued to expand its board, enhancing governance structure[155] - The management team includes experienced professionals with extensive backgrounds in finance, technology, and international markets[161][162][163][164] - Employee training and development opportunities are provided to enhance professional knowledge and skills[184] - An Environmental, Social and Governance (ESG) Report will be published alongside the annual report to comply with listing rules[171][175] Dividend Policy - No dividend will be paid for the year ended June 30, 2023, with capital reserved for business expansion and future investment opportunities[181] - The Company has established a dividend policy that allows for the declaration and distribution of dividends, subject to financial performance and other factors[188] - The Board will continually review the dividend policy, with no assurance of specific dividend payments in any given period[190]
看通集团(01059) - 2023 - 年度财报