Financial Performance - For the fiscal year ending March 31, 2023, the company reported revenue of approximately HKD 886.5 million, an increase of about 30.0% compared to HKD 682.2 million for the fiscal year ending March 31, 2022[10]. - The gross profit for the fiscal year increased by approximately 32.8% to about HKD 139.3 million[10]. - The profit attributable to the owners of the company rose by approximately 29.1% to about HKD 19.7 million for the fiscal year[10]. - Basic earnings per share for the fiscal year were HKD 2.45, up approximately 28.9% from HKD 1.90 in the previous fiscal year[10]. - Other income and gains increased by approximately 231.4% from about HKD 2.6 million to approximately HKD 8.6 million, primarily due to COVID-19 government subsidies of about HKD 5.7 million received during the reporting year[28]. - The company's net profit attributable to owners increased by approximately 29.1% from about HKD 15.2 million to approximately HKD 19.7 million[35]. - Basic earnings per share for the reporting year were HKD 2.45, compared to HKD 1.90 for the previous year[36]. - Revenue for the year ended March 31, 2023, was HKD 886,538,000, representing a 30.0% increase from HKD 682,189,000 in 2022[184]. - Gross profit for the same period was HKD 139,336,000, up 32.7% from HKD 104,948,000 in 2022[184]. - Profit attributable to owners of the company was HKD 19,652,000, an increase of 29.9% compared to HKD 15,217,000 in 2022[184]. Dividends and Shareholder Returns - The board has proposed a final dividend of HKD 0.01 per ordinary share, totaling HKD 8,033,000, compared to HKD 0.0077 per share and HKD 6,185,000 in the previous year[11]. - The company reported a final dividend of HKD 1.00 per share for the fiscal year ending March 31, 2023, an increase from HKD 0.77 per share in 2022, pending shareholder approval[122]. - The board has no fixed dividend payout ratio, and dividend amounts will depend on overall economic conditions and the group's financial performance[108]. Strategic Initiatives and Growth Areas - The group is focusing on three main strategic growth areas: hybrid cloud, cybersecurity, and data/application solutions[21]. - The strategic acquisition of 70% of ServiceOne International Holdings Limited (S1IHL) was completed in October 2021, enhancing the group's capabilities and service range[18]. - The establishment of a joint venture with Dr. Chen Zhenchong, a top scientist in artificial intelligence and image processing, aims to develop AI products and solutions[13]. - The strong demand for AI products is expected to enhance the overall solution portfolio and align with the group's growth strategy[22]. - The group is adapting to changing market conditions and customer needs by adjusting its business priorities and seeking new opportunities[20]. - The reopening of borders between Hong Kong and mainland China is expected to facilitate rapid business development and capitalize on opportunities in the Greater Bay Area and Asia-Pacific region[16]. Workforce and Human Resources - The company employed 984 staff across various regions, an increase from 903 in the previous year, with total employee costs rising to approximately HKD 205.2 million from HKD 116.8 million[45]. - The group has approximately 1,000 IT professionals serving clients in the Asia-Pacific region, indicating a strong workforce to support business growth[15]. Corporate Governance - The board of directors emphasizes the importance of good corporate governance practices to ensure accountability and effective management[63]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance with regulations[63]. - The board consists of a balanced mix of executive, non-executive, and independent directors, ensuring independence and objectivity[66]. - The company has established effective mechanisms for independent opinions and resources for the board[67]. - The management team is responsible for business development and sales operations, indicating a focus on growth[60]. - The company has a clear strategy for risk management and internal controls, ensuring operational efficiency[64]. - The board is committed to continuous improvement in corporate governance standards to align with regulatory changes[63]. - The company has established four board committees: Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee, each with clear written terms of reference[74]. Financial Position and Assets - Total assets as of March 31, 2023, were HKD 495,203,000, a decrease from HKD 539,762,000 in 2022[184]. - Total liabilities decreased to HKD 309,850,000 from HKD 368,885,000 in 2022, indicating a reduction of 15.9%[184]. - Total equity increased to HKD 185,353,000 from HKD 170,877,000, marking an increase of 8.5%[184]. - Trade receivables amounted to approximately HKD 111,229,000 as of March 31, 2023, with management regularly reviewing for expected credit losses[189]. - Goodwill on the balance sheet was approximately HKD 100,078,000, with no impairment identified based on management's assessment[191]. Risk Management and Compliance - The company has implemented risk management policies aimed at identifying and addressing significant risks to business operations[102]. - The board must evaluate the group's ability to continue as a going concern and disclose relevant matters[197]. - The auditor maintains professional skepticism and exercises professional judgment throughout the audit process[200]. - The company has taken measures to ensure compliance with insider information handling and disclosure regulations[102]. Shareholder Information - Major shareholders include Mr. Mo with 91,800,000 shares (11.4%) and Mr. Zhang with 89,760,000 shares (11.2%)[151]. - The company has a stock option plan that allows for the issuance of up to 80,000,000 shares, equivalent to 10% of the total shares at the time of listing[155]. - The company’s major shareholders collectively hold significant stakes, with the top three shareholders owning over 50% of the total shares[151].
思博系统(08319) - 2023 - 年度财报