Financial Performance - For the fiscal year ending March 31, 2022, the audited revenue was HKD 80,338,000, maintaining the same figure as the unaudited revenue[5]. - The gross profit for the same period was HKD 12,443,000, consistent with the unaudited results[5]. - The net loss for the year was HKD 21,852,000, an improvement of HKD 428,000 compared to the unaudited loss of HKD 22,280,000[5]. - The total comprehensive loss for the year was HKD 21,754,000, showing a reduction of HKD 428,000 from the unaudited total comprehensive loss of HKD 22,182,000[7]. - The basic and diluted loss per share was HKD 15.17, an improvement from HKD 15.46 in the unaudited results[7]. - The company reported a net operating loss of HKD 25,295 thousand, primarily driven by administrative and other expenses totaling HKD 6,613 thousand[20]. - The pre-tax loss for the year was HKD 21,852,000 in 2022, compared to HKD 26,680,000 in 2021, indicating an improvement[63]. - Basic and diluted loss per share improved to HKD (15.17) in 2022 from HKD (49.84) in 2021[67]. Revenue Breakdown - Total revenue reached HKD 80,338 thousand, with significant contributions from electronic products (HKD 45,571 thousand) and food services (HKD 24,556 thousand)[20]. - Total revenue for the year ended March 31, 2022, was HKD 80,338,000, representing a significant increase from HKD 49,352,000 in the previous year, marking a growth of approximately 62.9%[34]. - Revenue from the major product categories included HKD 45,571,000 from manufacturing and trading electronic products and components, up from HKD 35,148,000, reflecting a growth of about 29.5%[34]. - Revenue from restaurant operations reached HKD 24,556,000, which is an increase from HKD 12,921,000, indicating a growth of approximately 90.5%[34]. - Revenue from Hong Kong was HKD 34,373,000, significantly up from HKD 14,284,000, representing a growth of around 141.5%[37]. - Major customers contributed significantly to revenue, with Customer A generating HKD 25,020,000 in 2022, up from HKD 20,651,000 in 2021, reflecting a growth of approximately 21.5%[42]. - The company has not reported any single customer contributing more than 10% of total revenue, ensuring a diversified customer base[41]. Asset and Liability Overview - Non-current assets increased by HKD 390 million to HKD 4,646 million compared to the previous year[9]. - Current assets remained stable at HKD 44,326 million, with inventory and trade receivables unchanged at HKD 13,330 million and HKD 12,253 million respectively[9]. - Current liabilities increased by HKD 60 million, primarily due to an increase in accrued expenses and other payables[9]. - Total assets less current liabilities increased by HKD 428 million to HKD 33,291 million[9]. - The net asset value increased by HKD 428 million to HKD 4,278 million compared to the previous year[11]. - The company reported a total of HKD 12,594 million in other receivables, reflecting a slight increase of HKD 8 million[9]. - The company’s cash and cash equivalents remained stable at HKD 4,038 million[9]. - The company has no bank and other borrowings reported under non-current liabilities[11]. - The company’s total liabilities remained unchanged at HKD 29,013 million[11]. - The company’s equity increased by HKD 428 million, indicating a positive trend in financial health[11]. Expenses and Costs - The company recognized impairment losses of HKD 5,373,000 on property, plant, and equipment, which was not reflected in the unaudited results[5]. - Other income decreased by HKD 210,000 from HKD 2,654,000 in the unaudited results to HKD 2,444,000 in the audited results[5]. - Administrative expenses were reduced by HKD 150,000 from HKD 25,404,000 in the unaudited results to HKD 25,254,000 in the audited results[5]. - The total employee costs rose to HKD 26,673,000 in 2022 from HKD 21,514,000 in 2021, reflecting an increase of approximately 24%[50]. - The financial cost not allocated amounted to HKD 4,455 thousand, contributing to the overall financial performance[20]. - The company reported a financial cost of HKD 4,693,000 for the year ended March 31, 2021, which decreased to HKD 4,418,000 in the following year, showing a reduction of about 5.8%[34]. Government and Miscellaneous Income - The group received government subsidies amounting to HKD 162,000 in 2022, a substantial decrease from HKD 2,556,000 in 2021[43]. - The group reported miscellaneous income of HKD 202,000 in 2022, down from HKD 246,000 in 2021[43]. - The bank interest income for the year 2022 was HKD 2,000, while in 2021 it was HKD 11,000, showing a significant decrease[43]. - The service fee income increased slightly to HKD 799,000 in 2022 from HKD 795,000 in 2021[43]. Capital Expenditure and Asset Management - The company incurred a total capital expenditure of HKD 3,315 thousand during the reporting period[30]. - The depreciation of property, plant, and equipment amounted to HKD 5,159 thousand, indicating ongoing investment in physical assets[30]. - The impairment of property, plant, and equipment was recorded at HKD 5,373 thousand, highlighting potential challenges in asset valuation[30]. - The impairment of property, plant, and equipment was HKD 5,373,000 in 2022, significantly higher than HKD 131,000 in 2021[55]. Strategic Focus - The company is focusing on expanding its electronic products and food services segments, which are key revenue drivers[28]. - The company operates primarily in two regions: manufacturing in China and trading in Hong Kong, focusing on electronic products and restaurant services[35]. - The company has identified five geographical segments based on customer locations, with total revenue from external customers reaching HKD 80,338,000 in 2022[37]. - The company reported a significant increase in sales of specific products, such as the "Bee Sounder" which generated HKD 6,283,000 in 2022 compared to HKD 4,475,000 in 2021, marking a growth of approximately 40.4%[34].
毅高国际控股(08218) - 2022 Q4 - 年度财报