Financial Performance - Revenue for the year ended March 31, 2023, was HKD 111.3 million, representing a 7.3% increase from HKD 103.7 million in 2022[8] - Gross profit increased by 24.1% to HKD 46.8 million from HKD 37.7 million year-on-year[8] - Operating profit rose significantly by 73.9% to HKD 23.3 million compared to HKD 13.4 million in the previous year[8] - Net profit for the year was HKD 19.6 million, an increase of 83.2% from HKD 10.7 million in 2022[8] - Earnings attributable to shareholders increased by 85.6% to HKD 19.3 million from HKD 10.4 million[8] - Basic and diluted earnings per share rose to HKD 4.02, up 85.3% from HKD 2.17 in the previous year[8] - The overall gross profit for the year ended March 31, 2023, was approximately HKD 46.8 million, representing an increase of about 24.1% from HKD 37.7 million for the previous year[26] - The overall gross profit margin improved to approximately 42.0% for the year ended March 31, 2023, compared to 36.4% for the previous year, an increase of about 15.4%[27] - Other income significantly increased to approximately HKD 2.1 million for the year ended March 31, 2023, from HKD 0.07 million for the previous year, primarily due to a one-time government subsidy received[29] - Employee costs decreased to approximately HKD 24.7 million for the year ended March 31, 2023, down about 5.4% from HKD 26.1 million for the previous year, mainly due to reduced salaries[32] - Other administrative expenses increased to approximately HKD 16.6 million for the year ended March 31, 2023, up about 14.5% from HKD 14.5 million for the previous year, attributed to higher depreciation and professional fees[33] - The group recorded a significant increase in annual profit, approximately HKD 19.6 million for the year ended March 31, 2023, compared to HKD 10.7 million for the year ended March 31, 2022, representing an increase of about 83.2%[35] Revenue Breakdown - Revenue from the sale of electronic payment terminals and related equipment was approximately HKD 42.2 million for the year ended March 31, 2023, up about 10.5% from HKD 38.2 million for the previous year, driven by an increase in the number of terminals sold[24] - Revenue from system support and software solution services was approximately HKD 69.1 million for the year ended March 31, 2023, an increase of about 5.5% from HKD 65.5 million for the previous year, due to increased system support services[24] Assets and Liabilities - The total value of current assets decreased by 1.7% to HKD 110.8 million from HKD 112.7 million[8] - Total assets decreased by 4.3% to HKD 145.3 million compared to HKD 151.8 million in 2022[8] - As of March 31, 2023, the group's net current assets were approximately HKD 91.3 million, up from HKD 82.1 million as of March 31, 2022, with cash and bank balances of approximately HKD 73.1 million compared to HKD 56.4 million in the previous year[36] - The group maintained a capital debt ratio of zero as of March 31, 2023, consistent with the previous year[36] - There were no significant capital commitments, capital expenditures, or contingent liabilities as of March 31, 2023[40][41][42] Strategic Focus and Future Outlook - The company is focusing on expanding its electronic payment terminal solutions and enhancing software security to meet industry standards[12] - The introduction of a Software-as-a-Service (SaaS) model aims to provide comprehensive software solutions tailored to customer needs, improving operational efficiency[13] - Future outlook indicates a projected revenue growth of 15% for the next fiscal year, driven by new product launches and market expansion strategies[58] - The company is investing in new technology development, with a budget allocation of $5 million for R&D in the upcoming year[59] - Market expansion efforts include entering two new regions, aiming for a 10% market share within the first year of operation[60] - The company plans to launch three new products in the next quarter, anticipating a combined revenue of $1 million from these launches[63] - A new partnership with a leading technology firm is expected to enhance product capabilities and drive innovation[64] Corporate Governance - The company has maintained a strong commitment to corporate governance, ensuring transparency and accountability in its operations[65] - The board of directors has implemented a new risk management framework to better navigate market uncertainties[66] - The board of directors consists of one executive director, two non-executive directors, and three independent non-executive directors following the resignation of Mr. Lau Jun Wah on May 8, 2023[69] - The audit committee, established on November 23, 2016, is composed of three independent non-executive directors and has reviewed the group's quarterly, interim, and annual performance for the year ending March 31, 2023[76][79] - The company has appointed three independent non-executive directors, exceeding one-third of the board, ensuring compliance with GEM listing rules[69] - The board is responsible for overseeing the company's business and affairs management, ensuring alignment with shareholder interests and considering other stakeholders[71] - The company has established a risk management framework and internal control system, with the audit committee authorized to maintain these standards[79] - The board meets at least quarterly to discuss business operations, financial plans, and corporate governance policies[71] - The company has a clear internal control structure to ensure the effectiveness and efficiency of major business processes and the protection of assets[79] Shareholder Engagement and Dividends - The board proposed a final dividend of HKD 0.02 per share for the fiscal year ending March 31, 2023, consistent with the previous year's dividend[117] - The annual general meeting is scheduled for August 10, 2023, where the proposed final dividend will be subject to shareholder approval[116] - The company encourages shareholder participation in meetings and voting, ensuring that all resolutions are voted on, except for procedural matters[101] - The board considers various factors, including the group's financial performance and liquidity needs, when determining dividend payments[108] Employee and Labor Practices - The group employed 65 full-time employees as of March 31, 2023, down from 73 in the previous year[45] - The company has not engaged in any significant investments, acquisitions, or disposals of subsidiaries or capital assets as of March 31, 2023[46] - The company strictly adheres to employment laws in Hong Kong, Macau, and Australia, with no reported cases of child labor or forced labor violations[199] - As of March 31, 2023, the company had a total of 69 employees and 22 contractors, with a monthly employee turnover rate of 1.69%[199] Environmental, Social, and Governance (ESG) Initiatives - The company has committed to supporting environmental protection to ensure sustainable business development[172] - The company aims to be recognized as a responsible information technology and payment solutions provider, integrating ESG factors into all operations[187] - The board of directors is responsible for overseeing the company's ESG strategies and ensuring they align with core values[188] - The company has established an ESG working group to manage daily ESG matters and report improvements directly to the board[188] - The importance matrix identified nine key areas of focus for ESG, including labor standards, employee development, and customer privacy protection[196][197] - The ESG report is prepared based on principles of materiality, balance, and consistency, ensuring unbiased content and data[191] Related Party Transactions - The group entered into several leasing transactions with related parties, with total actual amounts reaching HKD 13,649,220 for electronic payment terminal sales and support services[160] - The maximum annual limit for related party transactions was set at HKD 23,000,000, indicating a utilization rate of approximately 59.7%[160] - The group has ongoing leases for various properties, with monthly rents ranging from HKD 27,000 to HKD 879,800, reflecting a diverse portfolio of operational spaces[163] - The lease agreements with related parties include terms that were negotiated based on current market rates, ensuring fair pricing[163] - The group’s transactions with related parties are in compliance with GEM listing rules, ensuring transparency and regulatory adherence[160]
俊盟国际(08062) - 2023 - 年度财报