Financial Performance - The group's profit for the year reached HKD 181,875,000, an increase of 26.7% compared to the pre-pandemic fiscal year ending April 30, 2019, excluding government wage subsidies[1] - The group's annual revenue for the year ended April 30, 2023, was HKD 2,825,994,000, a decrease of 3.2% compared to the previous fiscal year due to a high base from the COVID-19 pandemic[18] - Annual profit attributable to shareholders was HKD 181,571, a decline of 17.8% from HKD 220,822 in the prior year[47] - The operating profit decreased to HKD 225,454, down 18.9% from HKD 278,115 in the previous year[47] - Total comprehensive income for the year ended April 30, 2023, was HKD 176,834,000, down from HKD 219,226,000 in the previous year, representing a decline of 19.2%[67] Revenue Breakdown - The group's revenue for the year was HKD 2,825,994,000, the second highest in history, with a gross margin of 46.4%, up from 45.7% in the previous year[5] - Revenue from the Hong Kong market reached HKD 2,485,838,000, representing a 4.5% real growth, with Hong Kong accounting for 88.0% of total group revenue[39] - In Singapore, revenue increased by 8.9% to HKD 289,278,000, with gross profit rising by 12.6% to HKD 124,576,000[41] - The group's Macau business recorded a revenue increase of 9.3% to HKD 50,878,000, driven by sales growth in food, beverages, and personal care products[14] Cash and Financial Position - The group's cash and cash equivalents stood at HKD 402,310,000 as of April 30, 2023, compared to HKD 416,923,000 on April 30, 2022[2] - The group maintained a strong financial position with cash and cash equivalents of HKD 402,310,000 as of April 30, 2023, compared to HKD 416,923,000 a year earlier[25] - The total assets as of April 30, 2023, amounted to HKD 1,777,438, an increase from HKD 1,738,760 in the previous year[49] - The total liabilities increased to HKD 873,035,000 as of April 30, 2023, compared to HKD 843,905,000 in 2022, marking a rise of 3.9%[70] Dividends - The group proposed a final dividend of HKD 0.08 per share and a special dividend of HKD 0.02 per share, totaling HKD 0.10 per share, resulting in a total dividend of HKD 0.22 per share for the year[20] - The total dividends for the year amount to HKD 158,302,000, down from HKD 191,784,000 in the previous year, reflecting a decrease of 17.5%[120] Operational Strategies - The group plans to continue developing its own brand products and expanding into new categories, including health and fitness, to maintain market competitiveness[6] - The group is enhancing its online platform services and expanding product offerings to provide a seamless shopping experience[9] - The group is focusing on developing OEM products to build brand loyalty and increase overall sales and profits[17] - The company plans to enhance operational efficiency through the implementation of a digital price tag system and expansion of self-checkout machines across all stores[46] Employee and Cost Management - The total employee cost for the year was HKD 421,958,000, an increase from HKD 405,825,000 in the previous year, with approximately 2,146 employees as of April 30, 2023[29] - Employee benefits expenses, including director remuneration, increased to HKD 421,958,000 in 2023 from HKD 405,825,000 in 2022, a rise of 4.0%[89] Market Outlook - The group is optimistic about future growth in the Singapore market and is exploring various ways to broaden its revenue sources[43] - The group aims to expand its retail network in Hong Kong, Singapore, and Macau, leveraging its established brand recognition and supplier network[28] Corporate Governance - The company has adopted all code provisions of the Corporate Governance Code as per the Listing Rules, emphasizing the importance of good corporate governance[140] - The company confirmed compliance with the standards set out in the Securities Transactions Code for directors for the fiscal year ending April 30, 2023[141] Miscellaneous - The company expressed gratitude to its employees for their hard work during the COVID-19 pandemic, highlighting their commitment to serving the public[143] - The company will publish its annual report for the fiscal year ending April 30, 2023, at an appropriate time, available on the Stock Exchange and the company's website[142]
国际家居零售(01373) - 2023 - 年度业绩