Financial Performance - Revenue for the year ended March 31, 2022, was HKD 306.02 million, representing a 14.7% increase from HKD 266.90 million in the previous year[5]. - The operating profit (loss) for the year was HKD 10.87 million, down 46.4% from HKD 20.27 million in the previous year[7]. - The e-print segment reported a significant decline in operating profit, down 69.6% to HKD 6.18 million from HKD 20.31 million[7]. - The e-banner segment showed remarkable growth in operating profit, increasing to HKD 4.67 million from a loss of HKD 0.04 million, a change of 11,775.0%[7]. - Net profit attributable to equity holders was HKD 7.67 million, a decrease of 59.7% from HKD 19.01 million in the previous year[7]. - Basic earnings per share decreased to HKD 1.39 from HKD 3.46, reflecting a decline of 59.8%[7]. - The gross profit margin for the year was 37.8%, slightly down from 38.7% in the previous year[7]. - The net profit for the year ended March 31, 2022, was HKD 9,343,000, compared to HKD 19,339,000 in the previous year, indicating a decline of approximately 51.6%[29][31]. - The group recorded a profit attributable to equity holders of approximately HKD 7,700,000 for the year ended March 31, 2022, a decrease of about HKD 11,300,000 compared to HKD 19,000,000 in the previous year[100]. Assets and Liabilities - Total assets as of March 31, 2022, were HKD 335.08 million, a slight increase of 1.2% from HKD 331.15 million in the previous year[7]. - Total equity increased to HKD 255.60 million, up 2.0% from HKD 250.66 million[7]. - Cash and cash equivalents rose to HKD 113.91 million, a 6.9% increase from HKD 106.57 million[7]. - Non-current liabilities increased to HKD 3,493 million in 2022 from HKD 2,053 million in 2021, representing a growth of 70.0%[15]. - Trade payables rose significantly to HKD 11,493 million in 2022, up from HKD 7,186 million in 2021, marking an increase of 59.8%[15]. - Total liabilities decreased slightly to HKD 79,483 million in 2022 from HKD 80,497 million in 2021, a reduction of 1.3%[15]. - The company reported a total of HKD 70,699 million in current liabilities for 2022, a slight decrease from HKD 71,965 million in 2021, down by 1.8%[15]. - Deferred tax liabilities decreased to HKD 5,118 million in 2022 from HKD 6,009 million in 2021, a decline of 14.9%[15]. - The company’s borrowings increased to HKD 26,216 million in 2022, up from HKD 19,904 million in 2021, indicating a rise of 31.5%[15]. - Other payables decreased to HKD 173 million in 2022 from HKD 470 million in 2021, a decrease of 63.2%[15]. - Lease liabilities decreased significantly to HKD 6,221 million in 2022 from HKD 17,513 million in 2021, a drop of 64.5%[15]. - The company’s total assets remained stable, with a slight increase in total equity and liabilities, indicating a stable financial position despite fluctuations in specific liabilities[15]. Revenue Segmentation - Revenue from external customers in the paper printing segment was HKD 229,518,000, while the digital printing segment generated HKD 70,793,000, contributing significantly to the overall revenue[29]. - The paper printing segment generated revenue of approximately HKD 229,500,000, an increase of about HKD 19,100,000 or 9.1% year-on-year, with advertising printing contributing approximately HKD 90,300,000, accounting for about 29.5% of total revenue[69]. - The digital printing segment recorded revenue of approximately HKD 70,800,000, an increase of about HKD 14,300,000 or 25.4%, contributing approximately HKD 59,900,000, which is about 19.6% of total revenue[70]. - Revenue from advertising printing accounted for approximately 29.5% of total revenue for the year ended March 31, 2022, compared to 31.0% for the previous year[87]. - The website remained the primary sales channel, contributing approximately 58.3% of total revenue from printing and other services, an increase of about 3.0% from the previous year[89]. Expenses and Cost Management - Selling and distribution expenses accounted for approximately 9.3% of revenue for the year ended March 31, 2022, compared to 9.6% for the previous year[93]. - Administrative expenses increased significantly by approximately HKD 16.7 million, primarily due to increases in employee benefits and outsourced customer support expenses[94]. - Financing income decreased by approximately HKD 200,000 or about 4.6% due to the repayment of a loan of HKD 13 million during the year[95]. - Financing costs decreased by approximately HKD 500,000 or about 30.5%, mainly due to reduced interest expenses on lease liabilities[96]. - Employee benefit expenses increased by approximately HKD 27,300,000 or 45.6% to about HKD 87,000,000 for the year ended March 31, 2022, mainly due to the absence of a one-time government subsidy received in the previous year[115]. Future Outlook and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[29]. - The company plans to diversify its business portfolio and explore new business development opportunities, including the acquisition of properties to expand its digital printing operations[73]. - The company will continue to enhance cost control measures and develop new business lines and customized products to meet market demand[74]. - The management anticipates ongoing challenges due to the COVID-19 pandemic, which may impact economic activities in the coming year[73]. Corporate Governance and Audit - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the separation of the roles of Chairman and CEO[123]. - The audit committee was established in November 2013 and consists of three independent non-executive directors[124]. - The company has not yet completed the preparation and audit of its annual results for the year ended March 31, 2022, due to COVID-19 disruptions affecting employee operations[127]. - The audit committee has reviewed the unaudited financial statements for the year ended March 31, 2022, but these results have not been approved by the auditors[128]. - The company expects to complete the audit procedures by July 29, 2022, and will publish the audited annual results on the Stock Exchange and its website by that date[131]. - The company will issue further announcements regarding the audited annual results and any significant accounting adjustments or differences compared to the unaudited results[129]. Shareholder Information - The company did not declare any final dividend for the year ending March 31, 2022, consistent with the previous year[62]. - The board did not recommend a final dividend for the year ended March 31, 2022[118]. - Shareholders and potential investors are advised to exercise caution when trading the company's securities due to the unaudited financial information[134].
EPRINT集团(01884) - 2022 Q4 - 年度财报