Financial Performance - The company's revenue decreased by approximately 7.9% from about HKD 171,448,000 for the year ended March 31, 2022, to about HKD 157,844,000 for the year ended March 31, 2023[21]. - Revenue from video conferencing and multimedia audio-visual solutions slightly decreased by about 1.5% to approximately HKD 122,419,000, primarily due to project delays in the first two quarters of the review year[21]. - Revenue from smart IoT operations and other services decreased by approximately 59.4% to about HKD 6,022,000, mainly due to strict social distancing measures in China delaying business development[22]. - Annual profit decreased from approximately HKD 6,685,000 for the year ended March 31, 2022, to approximately HKD 5,240,000 for the year ended March 31, 2023, mainly due to increased employee costs, depreciation, amortization, and financing costs, partially offset by non-recurring government subsidies of approximately HKD 1,568,000[30]. - The group reported that the top five customers accounted for approximately 21.04% of total revenue for the fiscal year ending March 31, 2023[140]. Market and Economic Outlook - In Q1 2023, the economic outlook improved, with Hong Kong's GDP showing a year-on-year growth of 2.7% and a quarter-on-quarter increase of 5.3%[8]. - The overall investment expenditure in Hong Kong is expected to rise as consumer sentiment improves following the lifting of pandemic restrictions[8]. - The Chinese cybersecurity market is projected to exceed RMB 150 billion, driven by increasing regulatory standards and market demand[11]. Business Development and Strategy - The company aims to enhance its product offerings and services in response to the growing demand for localized cybersecurity solutions in China[11]. - The company has developed and launched its proprietary "Next-Generation Smart Operations Management Platform," securing 12 intellectual property rights in China[12]. - The company aims to leverage its experience in the security and IoT sectors to provide tailored solutions and services to meet diverse customer needs[12]. - The group aims to maintain and strengthen its position as a leading provider of video conferencing and multimedia audio-visual solutions in Hong Kong and expand its market share in China, particularly in the Greater Bay Area[31]. Operational Efficiency - Operating profit remained stable at approximately HKD 60,345,000, with the operating profit margin increasing to about 38.2% from 35.5% in the previous year[24]. - Employee costs increased by approximately 5.6% to about HKD 41,394,000, mainly due to an increase in staff for product development and cloud IT+OT management services[25]. - Depreciation and amortization expenses rose by approximately 43.6% to about HKD 4,360,000, primarily due to the acquisition of intangible assets during the review year[26]. - Other operating expenses decreased by approximately 17.4% to about HKD 8,157,000, mainly due to reduced one-time legal and professional fees related to the issuance of new shares[27]. Corporate Governance - The company has adopted the corporate governance code principles to ensure proper regulation of business activities and decision-making processes[81]. - The board consists of ten members, including five executive directors and four independent non-executive directors, ensuring a diverse governance structure[83]. - The company has complied with the corporate governance code throughout the fiscal year ending March 31, 2023[82]. - The board's main functions include reviewing and approving financial and business strategies, major acquisitions, and risk management measures[84]. - The company has established a comprehensive remuneration framework for directors and key management personnel[84]. Risk Management - The company has a structured approach to evaluating risks and implementing appropriate management measures[84]. - The risk management and internal control systems were reviewed, and no significant risks were identified for the year ending March 31, 2023[118]. - The board believes that the existing risk management and internal control systems are adequate and effective, with no significant deficiencies identified[123]. Shareholder Engagement - The company encourages shareholder participation in annual general meetings, providing at least 21 days' written notice[128]. - The board is committed to providing high levels of disclosure and financial transparency to shareholders and investors[127]. - The company has established multiple communication channels with shareholders, including interim and annual reports, and annual general meetings[127]. Employee and Board Diversity - The gender ratio within the employee workforce is approximately 67:33, indicating a high level of gender diversity[115]. - The board consists of ten members, including one female director, reflecting the company's commitment to board diversity[109]. - The company is committed to equal employment opportunities and has implemented measures to promote diversity at all employee levels[115]. Financial Management - The company has adopted a dividend policy that considers financial performance, shareholder equity, and overall business conditions[124]. - The company proposed a final dividend of HKD 0.50 per share and a special dividend of HKD 1.20 per share, pending shareholder approval at the annual general meeting[137]. - The company paid HKD 750,000 for audit services and HKD 150,000 for non-audit services, totaling HKD 900,000 for the year ending March 31, 2023[117]. Compliance and Legal Matters - The group has established systems and allocated resources to ensure compliance with relevant laws and regulations, with no significant violations reported during the review year[49]. - The company has implemented measures to ensure confidentiality and compliance with insider information regulations[121].
超智能控股(01402) - 2023 - 年度财报