Financial Performance - For the fiscal year ending March 31, 2023, the group recorded revenue of approximately HKD 2,305,907,000, an increase of about 16.3% compared to HKD 1,983,526,000 for the fiscal year ending March 31, 2022[47]. - The profit attributable to the company's owners for the fiscal year ending March 31, 2023, was approximately HKD 200,997,000, representing an increase of about 83.1% from HKD 109,804,000 in the previous year[47]. - The earnings per share attributable to the company's owners for the fiscal year ending March 31, 2023, was approximately HKD 0.201, compared to HKD 0.110 for the fiscal year ending March 31, 2022[47]. - The group’s operating profit for the fiscal year ending March 31, 2023, was HKD 248,921,000, up from HKD 141,493,000 in the previous year[49]. - The group’s total comprehensive income for the fiscal year ending March 31, 2023, was HKD 200,669,000, compared to HKD 109,912,000 in the previous year[59]. - The group declared a total dividend of HKD 160,000,000 for the fiscal year ending March 31, 2023, compared to HKD 40,000,000 in the previous year[51]. - The group’s gross profit for the fiscal year ended March 31, 2023, was approximately HKD 817,263,000, an increase of about 22.4% compared to HKD 667,654,000 in the previous year, with a gross profit margin of approximately 35.4%[126]. - The pre-tax profit margin for the fiscal year ending March 31, 2023, was approximately 10.8%, compared to approximately 7.1% for the fiscal year ending March 31, 2022[155]. Assets and Liabilities - As of March 31, 2023, total assets amounted to 900,153 million, an increase from 879,020 million in the previous year, reflecting a growth of approximately 2.5%[1]. - Non-current assets were reported at 442,411 million, while current assets totaled 490,223 million, indicating a strong liquidity position[1]. - Current liabilities decreased slightly to 345,427 million from 349,412 million, indicating improved management of short-term obligations[1]. - The net current asset value improved to 101,977 million, compared to 71,721 million in the previous year, reflecting a significant increase of approximately 42%[1]. - The total bank borrowings of the group amounted to approximately HKD 79,349,000, a decrease of about 4.4% compared to HKD 82,981,000 as of March 31, 2022[129]. - The outstanding bank loans as of March 31, 2023, amounted to approximately HKD 79,349,000, down from HKD 82,981,000 in 2022[161]. Inventory and Trade Receivables - Inventory increased to 244,219 million from 217,969 million, representing a growth of about 12.1% year-over-year[1]. - Trade receivables rose to 6,139 million, up from 5,749 million, showing an increase of approximately 6.8%[1]. - The total inventory as of March 31, 2023, was approximately HKD 244,219,000, representing a year-on-year increase of 12.0% from HKD 217,969,000 as of March 31, 2022[119]. - The group’s trade receivables increased to HKD 6,139,000 from HKD 5,749,000 in the previous year[62]. Store Operations and Expansion - The group operates 154 retail stores as of March 31, 2023, an increase from 138 stores a year earlier, including 150 "Best Mart 360º" and 4 "FoodVille" stores[88]. - The group opened 16 new retail stores in Hong Kong and Macau during the fiscal year, contributing to increased rental and operational costs[66]. - The group plans to add 20 new stores annually to expand its retail network in Hong Kong, Macau, and mainland China[152]. - The group opened 26 new retail stores during the fiscal year, with 25 in Hong Kong and 1 in Macau, while closing 10 stores due to lease expirations[88]. Government Support and Subsidies - The group confirmed government subsidies of HKD 17,996,000 related to the COVID-19 "Employment Support" scheme during the fiscal year ending March 31, 2023[50]. - The group received approximately HKD 17,996,000 in government subsidies under the employment support scheme during the fiscal year[87]. Employee and Operational Costs - The total number of employees as of March 31, 2023, was 1,121, an increase from 937 employees as of March 31, 2022, reflecting a growth of approximately 19.6%[117]. - Employee costs for the fiscal year ended March 31, 2023, were approximately HKD 203,338,000, up about 12.1% from HKD 181,335,000 for the fiscal year ended March 31, 2022[117]. - Sales and distribution expenses for the fiscal year were approximately HKD 515,266,000, up about 12.5% from approximately HKD 457,812,000 in the previous year[66]. Corporate Governance and Compliance - The company is committed to maintaining compliance with applicable financial reporting standards and disclosure requirements as set by the Hong Kong Stock Exchange[16]. - The company has adopted new Hong Kong Financial Reporting Standards, which did not have a significant impact on accounting policies during the reporting period[4]. - The board emphasizes high standards of corporate governance and internal control to meet shareholder expectations[173]. - The company has adopted the standards set out in Appendix 10 of the Listing Rules for the conduct of securities transactions by directors, ensuring compliance throughout the financial year[184]. Future Plans and Strategies - The group plans to enhance its core competitiveness by diversifying its food product offerings and strengthening the development of its own brand products[123]. - The group aims to expand its B2B business to create a more stable revenue source and attract repeat customers[123]. - The group intends to accelerate its presence in the Greater Bay Area by exploring a dual business model of direct sales and franchising[123]. - The company aims to enhance its product offerings by increasing the number of exclusive products under the "FoodVille" brand[152]. - The company continues to optimize its product mix and enhance existing stores to provide a better shopping environment, successfully capitalizing on market recovery opportunities[115]. Market Conditions - The retail market in Hong Kong showed signs of recovery, with retail sales value increasing by 40.9% and total volume increasing by 39.4% in March 2023 compared to the same month in the previous year[115]. - The same-store sales growth recorded a 2.5% increase, compared to a 7.3% increase in the previous year[87]. Financial Management - The group maintains a cautious treasury management policy, avoiding high-leverage or speculative derivative products[179]. - The group is exposed to foreign currency risks primarily due to procurement in various currencies, but considers the risk to be manageable[164]. - The group has not made any significant investments during the fiscal year ending March 31, 2023[167].
优品360(02360) - 2023 - 年度业绩