Financial Performance - Revenue for the fiscal year 2022/23 was HKD 577,494,000, representing an increase of 9.3% compared to HKD 525,383,000 in 2021/22[6] - Gross profit for the same period was HKD 137,304,000, up from HKD 128,407,000, indicating a growth of 5.7%[6] - The company reported a loss before tax of HKD 24,508,000, a significant decline from a profit of HKD 24,136,000 in the previous year[6] - The net loss attributable to the owners of the company was HKD 27,478,000, compared to a profit of HKD 22,789,000 in 2021/22[6] - Total revenue for the fiscal year 2023 reached approximately HKD 577.5 million, marking a new high for the company[21] - Revenue increased by approximately HKD 52.1 million or about 9.9% to approximately HKD 577.5 million for the fiscal year ended March 31, 2023, compared to approximately HKD 525.4 million for the previous fiscal year[27] - Gross profit rose by approximately HKD 8.9 million or about 6.9% to approximately HKD 137.3 million, with a slight decrease in gross margin from about 24.4% to approximately 23.8%[28] Assets and Liabilities - Non-current assets increased to HKD 274,648,000 from HKD 261,297,000, reflecting a growth of 5.2%[7] - Current assets rose to HKD 374,082,000, up from HKD 279,046,000, marking a substantial increase of 34.0%[7] - Cash and cash equivalents at year-end were HKD 67,190,000, an increase from HKD 49,126,000, representing a growth of 36.8%[10] - The company’s total assets increased to HKD 411,730,000 from HKD 540,000, indicating a decrease in total assets due to losses[7] - The current ratio remained stable at 1.1, consistent with the previous year[13] Strategic Focus and Development - The company plans to focus on market expansion and new product development in the upcoming fiscal year[6] - The company is actively seeking regional expansion to distribute products to other Southeast Asian markets[17] - The company plans to significantly increase its research and development budget to develop technologies that meet the needs of enterprise customers[16] - The company is focusing on building a strong partner ecosystem for its various business lines and optimizing business processes through technology[19] - The company has introduced a new cybersecurity awareness assessment and training service, grAssessment, which has been positively adopted by enterprises and has become a significant revenue source[22] - The company anticipates continued strong demand for cybersecurity products and services, despite geopolitical and economic uncertainties[19] Governance and Management - The company has a strong management team with over 30 years of financial and management experience, contributing to its strategic direction and business development[75] - The management team includes members with diverse backgrounds in technology, finance, and law, enhancing the company's strategic capabilities[68] - The board of directors includes experienced professionals from various industries, contributing to a well-rounded governance structure[66] - The company is committed to maintaining high standards of corporate governance and compliance through its audit and remuneration committees[68] - The board believes that effective corporate governance is crucial for the development of the group and the protection of shareholder interests[85] Risk Management - The company has established a risk management framework involving the board, audit committee, and risk management team to identify, assess, and manage significant risks[153] - The board conducted an annual review of the effectiveness of the risk management and internal control systems, ensuring they are adequate for the changing business environment[156] - The board established a risk management policy to identify, assess, and manage operational risks[156] Shareholder Communication - The company continues to engage with shareholders and investors through timely and transparent communication, ensuring effective interaction as a listed entity[172] - Shareholders have the right to submit inquiries to the board at any time in writing[165] - The company has established multiple channels for ongoing communication with shareholders and investors[168] Employee and Director Information - The company had 134 employees as of March 31, 2023, with employee costs amounting to approximately HKD 93.2 million for the fiscal year 2023[55] - The board currently comprises 8 male directors and 1 female director, with ongoing efforts to enhance gender diversity through training and career opportunities for female employees[132] - The company has appointed a female director in March 2020 to improve gender diversity on the board, with a commitment to gradually balance gender representation[135] Audit and Compliance - The audit committee, consisting of three independent non-executive directors, held three meetings during the fiscal year 2023, ensuring compliance with applicable accounting standards and listing rules[121] - The audit committee reviewed the group's annual and interim performance, confirming that the preparation of consolidated financial statements complies with applicable accounting standards[121] - The company has established four board committees: audit committee, remuneration committee, nomination committee, and investment committee, each with clear written terms of reference[118] Dividend Policy - The company did not recommend a final dividend for the fiscal year 2023 due to market uncertainties and the importance of maintaining sufficient liquidity for long-term development[38] - The company adopted a dividend policy on January 9, 2019, allowing the board to declare and distribute dividends, subject to shareholder approval, considering financial status, cash flow, and other relevant factors[142]
安领国际(01410) - 2023 - 年度财报