Financial Performance - The company reported a total revenue of 15,879.20 million for the fiscal year 2023[2]. - The Group recorded a revenue of approximately HK$417 million for the year ended 31 March 2023, a decrease of 74% from HK$1,587 million in 2022[23]. - The Group recorded a consolidated revenue of approximately HK$417 million for the year ended 31 March 2023, representing a decrease of 74% from HK$1,587 million in 2022[38]. - The company reported a revenue of 120 million, representing a significant increase of 70% compared to the previous period[100]. - The company reported a revenue increase of 27% year-over-year for the fiscal year 2023[105]. User Growth and Engagement - The management highlighted a significant increase in user data, with a growth rate of 600% compared to the previous year[2]. - The user base has grown to 132 million, marking a 37% increase year-over-year[100]. - User data showed a growth of 53% in active users compared to the previous year[106]. Future Outlook and Growth Strategies - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[2]. - The management has set a performance guidance of achieving a net profit margin of 15% for the upcoming fiscal year[2]. - The company aims to improve operational efficiency by 10% through cost-cutting measures and process optimization[2]. - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions to enhance growth strategies[100]. - Future guidance indicates a commitment to maintaining a robust growth rate, with expectations of further increases in both revenue and user base[100]. Research and Development - The company is investing heavily in R&D for new technologies, with an allocation of 10% of total revenue towards innovation initiatives[2]. - The company is investing $50 million in research and development for new technologies[109]. - New product development initiatives are underway, with a strong emphasis on innovative technologies to drive future revenue streams[100]. Market Expansion - Market expansion efforts include entering three new international markets, expected to contribute an additional 5% to overall revenue[2]. - Market expansion efforts have led to a 20% increase in sales in the Asia-Pacific region[110]. Financial Challenges and Losses - Net loss attributable to owners of the Company was approximately HK$353 million, compared to HK$270 million in 2022, resulting in a loss per share of 6.11 HK cents[23]. - The property development business reported a net loss after tax of approximately HK$323 million, primarily due to impairment provisions for properties in Zigong City, Sichuan Province[25]. - The Group recorded a loss before tax of approximately HK$361 million for the year, an improvement from a loss of HK$536 million in 2022[46]. - Total assets decreased by 34% to approximately HK$1,004 million, down from HK$1,528 million in 2022, primarily due to impairment provisions for property stocks[49]. Corporate Governance and Risk Management - The company has complied with the Corporate Governance Code throughout the year ended March 31, 2023[119]. - The Board is responsible for setting strategic objectives for risk management and ensuring the adequacy of the risk management system[121]. - The Group adopts a 'Three Lines of Defence' model to ensure the effectiveness of its risk management and internal control systems[187]. - The Group has established an enterprise risk management (ERM) framework based on the COSO principles to manage risks effectively[191]. Sustainability and Social Responsibility - The board of directors emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 25% over the next five years[2]. - The company focuses on creating long-term sustainable growth and delivering long-term value to stakeholders[120]. Board Composition and Diversity - The Board composition includes three executive directors and three independent non-executive directors as of March 31, 2023[125]. - The Company aims to achieve not less than one-sixth of the Board comprising of females and not less than one-third of the workforce (including senior management) comprising of females[149]. - The Company has established a clear Board Diversity Policy to maintain a balanced composition of perspectives[141]. Financial Management and Remuneration - The Group's remuneration policy aims to attract and retain high-quality staff by providing competitive market remuneration[165]. - The remuneration of Directors is determined based on their duties, industry benchmarks, and prevailing market conditions[166]. - The Remuneration Committee held three meetings during the year to review and recommend remuneration packages for executive Directors and senior management[170].
融太集团(01172) - 2023 - 年度财报