Financial Performance - The company reported a consolidated profit of approximately 100 million HKD for the fiscal year 2022/2023, representing a 15% increase compared to the previous year[5]. - The Group recorded a revenue increase of approximately HK$9.6 million or 26.8%, reaching approximately HK$45.4 million for the year ended 31 March 2023, compared to approximately HK$35.8 million in the previous year[23]. - The Group incurred a net loss of approximately HK$4.6 million for the year ended 31 March 2023, a decrease of approximately HK$5.2 million compared to a profit of approximately HK$0.6 million for the year ended 31 March 2022[26]. - The Group's total revenue for the year ended March 31, 2023, was approximately HK$45,400,000, an increase of about HK$9,600,000 or 26.8% compared to the previous year[27]. - The gross profit margin decreased to approximately 15.5% for the year ended 31 March 2023, down from approximately 28.8% in the previous year, primarily due to lower profit margins on current projects[24]. - General and administrative expenses increased by approximately HK$2.2 million or 23.7%, totaling approximately HK$11.5 million for the year ended 31 March 2023, compared to approximately HK$9.3 million in the previous year[25]. Strategic Initiatives - The company has set a revenue guidance of 120 million HKD for the next fiscal year, indicating a projected growth of 20%[5]. - New product launches are expected to contribute an additional 30 million HKD in revenue, with a focus on electric vehicle technology[5]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[5]. - A strategic acquisition of a local competitor is anticipated to enhance the company's technological capabilities and market reach[5]. - The Group plans to explore new business opportunities in the new energy industry and expand geographical coverage to mainland China to capture new market opportunities[16]. - The Group aims to attract competent professionals to support its strategic directions and long-term development[16]. Sustainability and Innovation - The board of directors has approved a new sustainability strategy aimed at achieving carbon neutrality by 2030[5]. - Research and development expenses increased by 40% to support innovation in renewable energy solutions[5]. - The company has secured a partnership with a major automotive manufacturer to co-develop next-generation electric vehicles[5]. Corporate Governance - The company has appointed three independent non-executive Directors, ensuring at least one-third of the Board is independent[69]. - The company confirms adherence to all corporate governance codes throughout the year, with no significant deviations reported[64]. - The Board Diversity Policy emphasizes the importance of diverse backgrounds among directors to enhance decision-making[67]. - The Company has adopted a Board Diversity Policy to enhance the quality of the Board's performance and achieve sustainable development[89]. - The Company has established high standards of corporate governance through the formation of various committees, including the Audit Committee[109]. - The Company ensures compliance with GEM Listing Rules and provides Directors access to independent professional advice when necessary[124]. Risk Management - The future development remains uncertain due to the political and economic environment, prompting the Group to seek minimum risk exposure through better bargaining and expense management[21]. - The Company acknowledges the higher investment risks associated with small and mid-sized companies listed on GEM[51]. - The Group will continue to monitor the recoverability of receivables closely to maintain normal operations[21]. - The Company will manage strategic risks, including competitor landscape and customer expectations, to maintain a competitive edge[180]. Human Resources - Total staff and Directors' remuneration for the year ended March 31, 2023, was approximately HK$16,600,000, a decrease from approximately HK$18,200,000 in the previous year[32]. - The Company continues to offer competitive remuneration packages to retain its professional team and seeks to recruit suitable talent to capture more business opportunities[182]. - Each Director receives comprehensive induction and ongoing professional development to understand the Group's operations and governance policies[102]. Financial Compliance - The financial results for the fiscal year ending March 31, 2023, have been audited and are in compliance with GEM listing rules[45]. - The auditor did not provide any significant non-audit services during the year, ensuring focus on audit integrity[176]. - The remuneration paid and payable to the auditor for the year ended 31 March 2023 was approximately HK$550,000, an increase from HK$520,000 in 2022[176].
中国来骑哦(08039) - 2024 - 年度业绩