Financial Performance - The Group's revenue from continuing operations for the year ended 31 March 2023 was approximately HK$317.4 million, an increase of approximately HK$17.1 million compared to the previous year[12]. - The gross profit from continuing operations for the year ended 31 March 2023 was approximately HK$123.6 million, representing a 13.1% increase from the previous year, with the gross profit margin improving from approximately 36.4% to 38.9%[12]. - The loss attributable to equity holders of the Company from continuing operations for the year ended 31 March 2023 was approximately HK$11.7 million, compared to a profit of approximately HK$2.0 million for the previous year[12]. - Excluding share-based payment expenses of approximately HK$17.1 million, the Group would have recorded a profit of approximately HK$5.4 million from continuing operations for the year ended 31 March 2023[15]. - For the year ended March 31, 2023, the Group reported revenue from continuing operations of approximately HK$317.4 million, representing an increase of approximately HK$17.1 million or approximately 5.7% compared to HK$300.3 million for the previous year[30]. - The Group recorded a loss from continuing operations attributable to equity holders of approximately HK$11.7 million for the year ended March 31, 2023, compared to a profit of approximately HK$2.0 million for the year ended March 31, 2022[31]. - Other income from continuing operations increased from approximately HK$3.3 million for the year ended 31 March 2022 to approximately HK$4.4 million for the year ended 31 March 2023, mainly due to increased sales of scrap materials[100]. Operational Efficiency and Strategy - The management expects the macroeconomic environment to improve in the long run, allowing the Group to maintain profitability and capture growth opportunities[16]. - The Group plans to enhance resources in manpower, new printing technology, and production facilities to improve efficiency and attract industry talent[16]. - The Group plans to enhance resources and strengthen cost control to maintain competitive pricing and develop new business lines and customized products to improve competitiveness[21]. - Management will continue to strengthen core business and enhance operational efficiency while exploring different business opportunities for better growth prospects[22]. - The Group aims to create sustainable, stable, and growing returns for shareholders through strong performance and excellent results[22]. - The Group's financial performance reflects a strategic shift following the disposal of non-core operations, aiming to enhance profitability in core segments[37]. - The Group's investment in new printing technology is expected to enhance operational efficiency and product offerings[45]. Market Recovery and Business Development - The printing businesses showed recovery from the impacts of COVID-19, leading to increased sales orders throughout the year[14]. - The strategic focus on the banner printing segment aligns with market demand for digital printing solutions, positioning the Group for future growth[36]. - The Group's ongoing operations focus on expanding the e-banner brand, which offers a wide range of digital printing products[39]. - The Group will explore business opportunities for further development, including diversifying the business portfolio and integrating with market stakeholders[88]. - The management team will actively monitor the macroeconomic environment to maintain profitability as the market recovers from the impacts of COVID-19[19]. Corporate Governance - The company has complied with the Corporate Governance Code except for the separation of the roles of chairman and CEO, which are held by the same individual, Mr. She Siu Kee William[159]. - The board consists of six directors, including two executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition for effective leadership[167]. - The company is committed to enhancing shareholder value through good corporate governance standards and practices[157]. - The board is responsible for setting overall strategy and reviewing the group's operational and financial performance[166]. - The management has been delegated authority for daily operations, while the board retains decision-making power for major acquisitions and significant operational matters[171]. - The Board held two general meetings during FY2022/23, including the annual general meeting on September 30, 2022, and an extraordinary general meeting on March 6, 2023[184]. - All independent non-executive Directors have confirmed their independence annually, and the Company considers them independent under Rule 3.13 of the Listing Rules[196]. Employee and Shareholder Matters - The Board did not recommend the payment of a final dividend for the year ended 31 March 2023[12]. - Employee benefits expenses increased to approximately HK$113.8 million for the year ended March 31, 2023, up from HK$83.0 million in 2022, primarily due to share-based payment expenses of approximately HK$17.1 million[151]. - The company offered 49,500,000 share options to eligible employees, representing 9% of the issued share capital, subject to acceptance and payment of HK$1.00[66]. - The company granted a total of 49,500,000 share options to eligible employees, representing 9% of the company's issued share capital[68].
EPRINT集团(01884) - 2023 - 年度财报