鹰美(02368) - 2024 - 年度业绩

Financial Performance - The company's revenue for the year increased by 0.6% to HKD 4,074,700,000, compared to HKD 4,051,100,000 in the previous year[2] - The gross profit margin decreased from 18.7% to 18.4%, while the net profit margin attributable to shareholders fell to 6.5%[2] - The annual profit attributable to shareholders was HKD 263,500,000, a decline of 10.0% from HKD 292,600,000 in the previous year[2] - The total comprehensive income for the year was HKD 187,042,000, down from HKD 195,429,000[9] - The adjusted profit before tax was HKD 380,779,000, compared to HKD 399,444,000 in the previous year[23] - Basic and diluted earnings per share attributable to the company’s shareholders were HKD 49.3, down from HKD 54.8 in the previous year[23] - The total sales for the year amounted to HKD 4,074,700,000, a slight increase of HKD 23,600,000 (or 0.6%) compared to last year's total sales of HKD 4,051,100,000[108] - The gross profit for the year decreased by 1.0% to HKD 748,700,000, with a gross profit margin slightly declining from 18.7% to 18.4%[108] - The pre-tax profit decreased by 4.7% to HKD 380,800,000, resulting in a pre-tax profit margin decline from 9.9% to 9.3%[108] - The net profit attributable to shareholders was HKD 263,500,000, a decrease of HKD 29,100,000 (or 10.0%) from last year's HKD 292,600,000[111] Revenue Sources - Revenue from mainland China reached HKD 2,332,360,000, up from HKD 1,964,572,000, with a profit of HKD 458,933,000 compared to HKD 267,590,000 last year[19] - Sales from mainland China increased to 57.2% of total sales (2024) from 48.5% (2023), a rise of 8.7%[85] - Sales revenue from sportswear and apparel was HKD 4,071,097 thousand in 2024, slightly up from HKD 4,040,529 thousand in 2023, reflecting a growth of approximately 0.8%[64] - The sales from the three major markets (Mainland China, the US, and Europe) accounted for approximately 87% of total sales in the review year, compared to 86% in 2023[61] Dividends and Shareholder Returns - The company proposed a final dividend of HKD 0.08 per share, consistent with the previous year[2] - The company plans to declare a final dividend of HKD 0.08 per share, maintaining the same as last year, with a total annual dividend of HKD 0.38 per share[111] - The proposed final dividend for the fiscal year ending March 31, 2024, is HKD 0.08 per share, consistent with the previous year, leading to a total dividend of HKD 0.38 per share[120] Assets and Liabilities - The total assets less current liabilities amounted to HKD 1,959,319,000, an increase from HKD 1,832,814,000[12] - The net asset value decreased to HKD 1,634,416,000 from HKD 1,682,246,000[13] - The total non-current assets increased to HKD 1,518,222 thousand in 2024 from HKD 1,412,551 thousand in 2023, representing a growth of approximately 7.5%[31] - Current assets decreased slightly to HKD 1,652,265 thousand in 2024 from HKD 1,662,196 thousand in 2023, a decline of about 0.6%[31] - The total liabilities decreased from HKD 1,241,933 thousand in 2023 to HKD 1,211,168 thousand in 2024, a reduction of approximately 2.5%[31] - The bank loan amount as of March 31, 2024, was HKD 1,486,300,000, an increase from HKD 1,132,000,000 in the previous year[112] - The debt ratio as of March 31, 2024, was 25.7%, significantly up from 6.4% the previous year[113] Operational Developments - The company completed the acquisition of industrial land and factory in Indonesia, covering approximately 93,500 square meters, with production expected to start in 2026[59] - The Vietnam Long An plant, integrated into the group in 2022, has completed renovation and optimization, officially commencing production in April 2024[104] - The company has introduced advanced automation equipment and systems to enhance production efficiency and precision, contributing to sustainable development[92] Foreign Exchange and Financial Management - The company reported a net foreign exchange loss of HKD 7,836 thousand in 2024, down from HKD 26,473 thousand in 2023, indicating an improvement in foreign exchange management[49] - The company faced foreign exchange risk primarily from transactions in USD and RMB, and will use financial instruments to manage potential risks[114] - The company continues to monitor foreign exchange risks and manage them appropriately[91] Other Financial Metrics - The company reported a net employee benefit expense of HKD 1,052,636 thousand in 2024, up from HKD 1,042,700 thousand in 2023, indicating a rise of about 1%[49] - Inventory levels rose to HKD 704,869 thousand in 2024 from HKD 677,184 thousand in 2023, an increase of approximately 4%[31] - Bank interest income increased to HKD 5,502,000 (2024) from HKD 3,806,000 (2023), representing a growth of 44.6%[68] - Total revenue decreased to HKD 19,855,000 (2024) from HKD 22,722,000 (2023), a decline of 12.3%[68] - Tax expenses rose to HKD 108,746,000 (2024) from HKD 98,501,000 (2023), an increase of 10.4%[74] - The actual tax rate increased to 28.6% (2024) from 24.7% (2023), a rise of 3.9%[87] - Other income and gains amounted to HKD 19,900,000 (2024), down from HKD 22,700,000 (2023)[88] Outlook and Strategy - The board maintains a cautiously optimistic outlook for the business in the fiscal year 2025, emphasizing strict cost control measures and further optimization of diversified production bases[118] - No significant acquisitions or disposals of subsidiaries occurred in the fiscal year ending March 31, 2024, with the last major acquisition being the purchase of assets from the Vietnam Long An factory in April 2022[116] - The company has no significant contingent liabilities as of March 31, 2024[117]