Financial Performance - Total revenue for the year ended March 31, 2023, was HK$473,899,000, representing a 19.1% increase from HK$397,876,000 in 2022[13] - Profit attributable to shareholders increased by 12.0% to HK$47,523,000 from HK$42,426,000 in the previous year[13] - Proposed final dividend per share increased by 20.0% to HK$0.42 from HK$0.35 in 2022[13] - The gross profit margin decreased to 48.1% from 49.7% in the previous year[13] - The Group achieved a revenue growth of 19.1% and a net profit growth of 12.0% during the reporting period, surpassing regional GDP forecasts[26] - Revenue for the year ended 31 March 2023 reached HK$473.9 million, representing a year-on-year growth of 19.1%[41] - Net profit for the year ended 31 March 2023 was HK$47.5 million, marking a year-on-year growth of 12.0%[41] - Gross profit for the year was HK$228.0 million, an increase of 15.4%, with a gross profit margin of 48.1%[100] Revenue Breakdown - Media Content Distribution Business revenue increased by 13.9% to HK$314,198,000, while Brand Licensing Business revenue rose by 30.8% to HK$159,701,000[13] - Revenue from Media Content Distribution Business was HK$314.2 million, accounting for 66.3% of total revenue, while Brand Licensing Business generated HK$159.7 million, representing 33.7% of total revenue[96] - Revenue from the distribution of feature films significantly increased by 225.8%, contributing HK$60.6 million during the year[97] - Revenue from Brand Licensing Business grew by 30.8%, driven by increased popularity of international character brands and rapid growth in merchandise sales, which reached HK$28.8 million, up 221.5%[98] Business Expansion and Acquisitions - The Group completed the acquisition of a 49% equity interest in Sunrise eMarketing Limited in February 2023, marking its first merger and acquisition[33] - The Group's subsidiary, Whateversmiles Corporation, was appointed as the exclusive master agent for Le Petit Prince in Japan for five years starting January 1, 2023[28] - The Group has expanded its licensing brand rights, becoming the exclusive agent for the new animated series "The Little Prince and Friends" in over 45 regions, marking a significant milestone in brand licensing expansion[67] - The Group completed the acquisition of a 49% equity interest in Sunrise for HK$4.0 million, recording a share of profit of HK$0.2 million during the year[110] Digital Initiatives and Content Distribution - Ani-One® OTT is now available on 21 platforms across 8 territories, expanding its reach to Mongolia[42] - Ani-One® Thailand YouTube channel launched on 10 February 2023, gaining over 100,000 subscribers within 3 months[46] - Ani-One® Asia YouTube channel has over 3.15 million subscribers and 600 million accumulated views[48] - The Group co-invested in the Taiwanese movie "My Heavenly City," set for release in the second half of 2023[55] Brand Licensing and Marketing - The Brand Licensing segment reported strong financial results due to significant growth in Japanese anime brand licensing, with various local and regional campaigns launched, including collaborations with major brands like Coca-Cola and Jujutsu Kaisen[66][68] - Various pop-up stores and events were launched across regions, including Jujutsu Kaisen and Sesame Street events, enhancing brand visibility and consumer interaction[71][72] - The Group's Ani-Mall has expanded into offline channels, including pop-up stores and collaborations with various IPs, receiving overwhelming responses[74][76] Corporate Governance and Management - The company has adopted the corporate governance code and has complied with its provisions, except for the provision C.2.1 regarding the roles of the Chairman and CEO being held by the same individual, Zhao Xiaoyan[176] - The Board consists of three executive directors and four non-executive directors, including independent non-executive directors, ensuring compliance with the Listing Rules[177] - Independent non-executive directors represent at least one-third of the Board, with one possessing appropriate professional qualifications or financial management expertise[180] - The Board is responsible for leadership and control, directing and supervising the company's affairs, and ensuring sound internal control and risk management systems[185] Financial Position and Liquidity - The liquidity ratio improved with a current ratio of 2.5 compared to 2.4 in the previous year[13] - The company reported a cash ratio of 0.8, down from 0.9 in the previous year[13] - The Group had cash and bank balances of HK$281.7 million as of March 31, 2023, compared to HK$283.3 million in 2022[141] - As of March 31, 2023, net current assets increased by 9.2% to HK$487.8 million compared to HK$446.6 million as of March 31, 2022[139] Future Outlook and Strategy - The Group aims for double-digit growth in 2023/2024, focusing on expanding content distribution platforms and acquiring top-grade TV series and movies[91] - The Group plans to explore joint ventures and investments to enhance business value and expand licensing rights to additional regions[91] - The Group will continue to develop new products in-house and expand its sales network by creating new sales channels and seeking new partners[91]
羚邦集团(02230) - 2023 - 年度财报