Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue was HKD 2,400,137, an increase of 12.6% compared to HKD 2,130,785 for the previous year[27][28] - Gross profit for the fiscal year was HKD 1,097,911, up from HKD 996,112 in the previous year[3] - Operating profit increased to HKD 421,916 from HKD 325,092 year-on-year[3] - Profit attributable to equity shareholders for the year was HKD 350,767, compared to HKD 252,637 in the previous year[3] - Basic and diluted earnings per share rose to HKD 0.89 from HKD 0.641 in the previous year[3] - The group achieved a sales revenue increase of 11.4% for the fiscal year ending March 31, 2024[29] - The group reported a total comprehensive income attributable to equity shareholders of HKD 328,497,000 for the year, compared to HKD 229,232,000 in the previous year[83] - The net profit attributable to equity shareholders increased to HKD 350.8 million, up 38.9% from HKD 252.6 million in the previous year[137][138] - Total reported segment revenue reached HKD 2,400.1 million, compared to HKD 2,130.8 million in the previous year, reflecting a growth of approximately 12.6%[123] Dividends - The company declared an interim dividend of HKD 0.10 per share and a proposed final dividend of HKD 0.035 per share[19] - The proposed final dividend is HKD 0.35 per share, totaling approximately HKD 137.97 million, an increase from HKD 106.43 million the previous year[36] - The total annual dividend per share is HKD 0.45, compared to HKD 0.35 the previous year[36] - The proposed final dividend is HKD 0.35 per share, combined with an interim dividend of HKD 0.10, totaling HKD 0.45 per share, resulting in a dividend yield of 9.15% based on the closing price of HKD 4.92 on March 28, 2024[60] Operating Expenses and Costs - The group’s operating expenses, including selling and distribution, administrative, and other operating expenses, totaled HKD 755,723, compared to HKD 645,079 in the previous year[3] - The company reported a financing cost of HKD 66,543, up from HKD 50,716 in the previous year[3] - The group plans to continue strict control over operating costs and inventory to enhance profitability[139] - The group employed 683 staff as of March 31, 2024, down from 732 in the previous year, with total employee costs amounting to HKD 306 million compared to HKD 261.8 million in the prior year[61] Assets and Liabilities - The total non-current assets were valued at HKD 1,131,379, down from HKD 1,565,266 in the previous year[21] - The group's reported total assets as of March 31, 2024, are HKD 5,358,425,000, a decrease from HKD 5,599,964,000 in the previous year[80] - The total liabilities reported are HKD 1,786,689,000, down from HKD 2,210,870,000 in the previous year[80] - The current ratio as of March 31, 2024, is 3.3 times, up from 2.3 times the previous year[42] - The total tax expense for the fiscal year ending March 31, 2024, is HKD 4,606,000, a decrease from HKD 21,739,000 in the previous year[58] - The group’s total segment assets reported are HKD 6,103,376,000, down from HKD 6,354,598,000 in the previous year[80] - The group’s segment liabilities decreased to HKD 2,531,640,000 from HKD 2,965,504,000 year-on-year[80] - Total liabilities decreased to HKD 1,381,132,000 from HKD 1,689,610,000, reflecting a reduction of about 18.2%[85] Market and Sales Performance - Retail and e-commerce sales in China grew by 34.7% in local currency[53] - Sales in Taiwan grew by 10.5% in local currency despite weak consumer confidence, indicating resilience in the market[139] - Hong Kong contributed 70.2% to total sales, while Taiwan accounted for 24.5% and other regions contributed 5.3%[140] - The retail network currently consists of 61 stores, including 5 in Hong Kong, 28 in China, and 28 in Taiwan[30] - The group anticipates a challenging retail market in Hong Kong for the fiscal year, influenced by weaker currencies in Japan and Europe, leading to increased consumer spending abroad[65] Strategic Outlook - The group aims to consolidate its retail network and manage its investment portfolio conservatively[32] - The group plans to continue evaluating business opportunities to strengthen its financial and market position[33] - The company maintains a cautious outlook on the short-term prospects in China due to weak consumer sentiment, while remaining optimistic about long-term growth opportunities in the market[110] - The company plans to continue expanding its business in China, focusing on leveraging long-term market potential[110] - The group has maintained significant non-committed short-term credit facilities with selected international banks for operational flexibility[144] Impairment and Losses - A total impairment loss of HKD 40,000,000 was recognized for certain right-of-use assets, compared to HKD 30,000,000 in the previous year[95] - The group recognized an impairment loss of HKD 5 million on certain properties, machinery, and equipment during the year[127] Cash and Financial Position - The group reported a net cash and bank balance of HKD 3.466 billion as of March 31, 2024, compared to HKD 3.267 billion in the previous year[34] - The group's cash net position stands at HKD 2.67 billion, providing a strong financial foundation to navigate challenging retail environments and potential economic downturns[142] - Cash and bank balances rose to HKD 3,469,605,000 from HKD 3,267,883,000, an increase of approximately 6.2%[85] - The net asset value increased to HKD 3,571,736,000 from HKD 3,389,094,000, indicating a growth of approximately 5.4%[85] - The group’s interest income increased to HKD 94,813,000 from HKD 52,793,000 year-on-year, while interest expenses on bank loans remained unchanged at zero[79] Product Mix - The product mix includes watches and jewelry at 39.8%, cosmetics and beauty products at 30.3%, fashion and accessories at 25.1%, and securities trading at 4.8%[168]
迪生创建(00113) - 2024 - 年度业绩