Financial Performance - Revenue for the fiscal year ended September 30, 2023, was HK$166,077,000, representing an increase of 22% compared to HK$136,241,000 in 2022[11]. - Profit for the fiscal year was HK$13,686,000, a significant recovery from a loss of HK$22,767,000 in 2021[11]. - The Group recorded a net profit of approximately HK$13.7 million for the year, up from HK$10.7 million in the previous year, representing an increase of approximately 28.5%[21][36]. - The gross profit increased by approximately HK$7.0 million, representing a growth of approximately 34.4% compared to the previous year[21][36]. - The expected average net profit margin for the next five years is projected to be 9% in 2023, an increase from 7% in 2022[50]. Assets and Liabilities - Non-current assets increased to HK$259,854,000 in 2023 from HK$214,968,000 in 2022, reflecting a growth of approximately 20.8%[11]. - Current liabilities rose to HK$132,228,000 in 2023, up from HK$75,911,000 in 2022, indicating an increase of 74%[11]. - Equity improved to HK$91,790,000 in 2023, compared to HK$82,337,000 in 2022, marking an increase of 11.7%[11]. - The Group's total borrowings amounted to approximately HK$106,870,000, an increase from HK$81,496,000 as of September 30, 2022, representing a growth of approximately 31%[65]. - The Group's total cash and bank balances were approximately HK$9,385,000, up from HK$4,998,000 as of September 30, 2022, indicating a growth of approximately 88%[65]. Business Operations - The natural gas business generated segment revenue of approximately HK$155 million, accounting for approximately 93% of the Group's total revenue[21][36]. - Sales volume of natural gas increased by approximately 17% during the year due to the recovery of industrial activities following the lifting of COVID-19 restrictions[22][27]. - The Group expects an increase in natural gas consumption due to domestic economic recovery, which is anticipated to positively impact revenue in the natural gas operations segment[75]. - The Group's leasing business is projected to grow as infrastructure construction and renovation projects increase, driven by the country's booming economy[76]. Strategic Initiatives - The company is focusing on market expansion and new product development as part of its growth strategy[8]. - Future outlook includes plans for further investment in technology and potential acquisitions to enhance market position[8]. - Management will adopt a cautious approach towards new mergers and acquisitions to sustain growth and profitability[30][33]. - The management anticipates that the economy will recover in an orderly manner, positively impacting the Group's core businesses in the coming year[24][30]. Corporate Governance - The company emphasizes the importance of maintaining compliance with GEM Listing Rules to ensure transparency and accountability[5]. - The Board does not recommend the payment of a final dividend for the year ended September 30, 2023, consistent with the previous year[73]. - The Company has adopted a Share Option Scheme as an incentive for Directors and eligible employees[188]. - The Company met all code provisions of the Corporate Governance Code for the year ended September 30, 2023, except for the separation of roles between chairman and chief executive, which has not been appointed since April 19, 2018[200]. Management and Staff - As of September 30, 2023, the Group employed 61 staff members, an increase from 58 staff members in the previous year[94]. - The executive team includes individuals with extensive backgrounds in business management, corporate finance, and engineering, enhancing the company's operational capabilities[101][104]. - The management team has a strong educational background, with degrees from prestigious institutions, which supports informed decision-making[104][113]. Shareholder Information - The five largest customers accounted for approximately 52.3% of the Group's revenue, with the largest customer contributing about 19.6% of total revenue[163]. - The five largest suppliers represented about 86.8% of the Group's purchases, with the largest supplier accounting for approximately 44.7% of total purchases[163]. - As of September 30, 2023, no substantial shareholders or other persons had interests or short positions in the shares that required disclosure[145].
环球战略集团(08007) - 2023 - 年度财报