Financial Performance - Revenue for FY 2022/23 reached HK$5,004,560,000, a significant increase from HK$817,867,000 in FY 2021/22[9] - Profit for the year was HK$1,275,460,000, compared to HK$17,547,000 in the previous year, indicating a substantial growth[12] - Underlying profit for FY 2022/23 was HK$1,299,332,000, recovering from a loss of HK$75,167,000 in FY 2021/22[9] - Consolidated revenue for FY 2022/23 reached HK$5,004.6 million, a significant increase of 5.1 times compared to HK$817.9 million in FY 2021/22[14] - Profit attributable to shareholders soared by 71.7 times from HK$17.5 million to HK$1,275.5 million, with an underlying profit of HK$1,299.3 million compared to an underlying loss of HK$75.2 million in FY 2021/22[14] - The consolidated gross profit surged to HK$1,987.8 million, up 31.2 times from HK$61.7 million in FY 2021/22[39] - Net profit for FY 2022/23 grew by 71.7 times to HK$1,275.5 million, compared to HK$17.5 million in FY 2021/22[40] Liquidity and Financial Ratios - The current ratio improved to 2.12 from 0.63 in the previous year, reflecting better liquidity[9] - Gearing ratio decreased to 155.3% from 230.9% in FY 2021/22, indicating reduced financial leverage[9] - Total assets as of March 31, 2023, were HK$8,150,242,000, down from HK$10,673,730,000 in the previous year[12] - Total liabilities decreased to HK$5,168,409,000 from HK$8,548,181,000, showing a reduction in debt levels[12] - The Group's outstanding bank borrowings as of March 31, 2023, were approximately HK$4,630 million, down from HK$4,907 million a year earlier[41] - The gearing ratio improved to approximately 155.3% from 230.9% in the previous year[41] Dividends - Dividends declared for FY 2022/23 amounted to HK$653,105,000, up from HK$397,472,000 in FY 2021/22[9] - The Board recommends a final dividend of 5.0 HK cents per share and a special dividend of 15.0 HK cents per share, totaling 46.0 HK cents per share for FY 2022/23[17] - The company maintains a policy of distributing dividends twice a year, with a mid-term dividend of HKD 6.0 per share and a special mid-term dividend of HKD 20.0 per share already paid[62] Property Development and Projects - The company plans to focus on property development and leasing as part of its future growth strategy[13] - Sales revenue from The Grand Marine project recognized in FY 2022/23 amounted to HK$4.85 billion, with over 92% of the 776 units sold as of 31 March 2023[19] - The Group is developing a luxury residential project in Guangxi Province, China, with an estimated gross floor area of approximately 1,100,000 square feet[28] - The Group is preparing for the pre-sale of The Grands project, which will feature 76 residential units and a resident clubhouse[20] - Foundation works for the Luen Fat Street project are underway, with completion scheduled for mid-2025[21] - The Group acquired properties in North Point for redevelopment into a residential-cum-commercial project, with demolition scheduled for Q3 2023[22] Data Centre Operations - Revenue from data centre leasing increased by 20.5% year-on-year to HK$235.0 million, driven by higher utilization and rental income[29] - Two new high-tier data centres are planned for development in Fanling, with a total gross floor area of approximately 186,000 square feet, scheduled for completion in mid-2025 and mid-2026[30] - The development of two new high-tier data centers in Fanling is on schedule, with completion targeted for mid-2025 and mid-2026[35] Corporate Governance - The company has complied with all code provisions of the Corporate Governance Code throughout FY 2022/23[147] - The Board is responsible for formulating business strategies and monitoring the Group's development, with a focus on risk management and internal control[173] - The Board currently comprises eight members, including four executive directors and four independent non-executive directors[175] - The Company has adopted a board diversity policy, considering factors such as gender, age, and professional experience in Board composition[178] - The Company complies with the Listing Rules, ensuring at least one-third of the Board members are independent non-executive Directors[180] Employee and Management Information - The total remuneration for employees in FY 2022/23 was approximately HK$156.6 million, with 159 employees as of March 31, 2023[52] - The Group operates a Mandatory Provident Fund Scheme for all qualifying employees in Hong Kong, with no forfeited contributions as employer contributions vest fully with employees[127] - The Company has a diverse board with members experienced in banking, architecture, and audit[158][162][165] - The Company continues to expand its management team with experienced professionals in various fields[156][164] Compliance and Legal Matters - There were no significant acquisitions or disposals of subsidiaries during FY 2022/23, and no material future investment plans were disclosed[51][54] - There were no material non-compliance issues with laws and regulations that significantly impacted the company during FY 2022/23[75] - The company did not make any donations to charitable organizations during the year[76] - The company has established environmental management systems certified to ISO 14001:2015, with no material non-compliance reported during FY 2022/23[70] Shareholder Information - The largest customer accounted for 1.4% of the Group's total sales, while the five largest customers together represented 3.9% of total sales for the year[85] - The largest supplier contributed to 11.1% of the Group's total purchases, and the five largest suppliers collectively accounted for 35.2% of total purchases[89] - The chairman, Mr. Chan Hung Ming, holds 921,642,940 shares, representing approximately 64.90% of the issued shares[154] - The CEO, Mr. Lau Chi Wah, holds 106,293,660 shares, representing approximately 7.48% of the issued shares, and has options to subscribe for 1,000,000 shares[154]
佳明集团控股(01271) - 2023 - 年度财报