南顺(香港)(00411) - 2024 - 年度财报

Financial Performance - Revenue for 2024 decreased to HK$4,838 million, down 5.5$5,119 million in 2023[9] - Gross profit margin improved to 21% in 2024, compared to 17% in 2023[9] - Profit for the year increased significantly to HK$201 million in 2024, up from HK$85 million in 2023[9] - Total assets rose to HK$3,546 million in 2024, an increase from HK$3,425 million in 2023[10] - Total equity increased to HK$2,904 million in 2024, compared to HK$2,786 million in 2023[10] - Basic earnings per share (EPS) for 2024 was HK$2.40, up from HK$1.51 in 2023[8] - Profit before taxation for 2024 was HK$245 million, a significant increase from HK$90 million in 2023[9] - The Group's revenue declined by 5% to HK$4,838 million, while profit increased by 135$201 million during FY23/24[13] - The Group reported a 5% year-on-year decline in revenue to HK$4,838 million for the financial year ended 30 June 2024, primarily due to a lower average Renminbi exchange rate[27] - Profit for the year increased by 135$201 million, reflecting improved performance across various segments[49] Dividends - The company declared a dividend per share (DPS) of HK$0.55 for 2024, compared to HK$0.48 in 2023[8] - The total dividend for the year is HK$0.40 per share, comprising a final dividend of HK$0.27 and an interim dividend of HK$0.13[14] - The board proposed a final dividend of HKD 0.27 per share, totaling approximately HKD 65,706,000, alongside an interim dividend of HKD 0.13 per share, resulting in a total dividend of HKD 0.40 per share for the year[172] - The total dividend for the year will amount to HK$0.40 per share, compared to HK$0.30 per share in 2023[167] - The proposed final dividend is subject to shareholder approval at the annual general meeting scheduled for November 8, 2024[173] Business Segments Performance - The Food division showed significant profit improvement, aided by lower raw material costs of wheat and oil, while maintaining a focus on premium segments[18] - The Home Care division achieved stable improvement in both top- and bottom-line performance, supported by geographic expansion and new product categories[19] - Revenue of the Food segment dropped by 7$4,030 million, with a 4% decline when excluding the impact of Renminbi depreciation[31] - Operating profit of the Food segment surged 263% to HK$190 million compared to the previous financial year[31] - Home Care Division revenue grew by 2$810 million, with operating profit increasing by 14% to HK$83 million despite softer demand in core markets[40] Strategic Initiatives - The company aims to enhance its market presence and product offerings in the coming years[6] - The management is prioritizing targeted growth in premium segments, cost control, and risk management in response to geopolitical tensions and commodity price fluctuations[21] - The Group aims to focus on premium market growth, cost control, and risk management in a complex market environment[25] - The Group plans to enhance its IT and R&D capabilities to develop breakthrough products and improve margins while reducing exposure to commodity fluctuations[47] - The Group aims to expand its geographical reach and deepen its presence in core markets despite ongoing geopolitical tensions impacting the global economy[46] Governance and Board Composition - Mr. Kwek Leng Hai has been the Chairman of the Company since October 2006 and has extensive experience in finance, investment, manufacturing, and real estate[72] - Mr. Chiu Chao Hsiang, James was appointed as the Chief Executive Officer and Executive Director of the Company in June 2024, bringing over 28 years of experience in the food and beverage sector[73] - The company has a strong board with members holding qualifications from the Hong Kong Institute of Certified Public Accountants and the Chartered Professional Accountants of Canada[76] - The board's diverse expertise includes legal, financial, and operational backgrounds, supporting comprehensive decision-making[75] - The Board composition includes independent non-executive directors, ensuring objectivity and accountability in its operations[75] Risk Management and Compliance - The company emphasizes compliance and internal audit services, reflecting its commitment to governance and risk management[77] - The Group's risk management framework includes monitoring the implementation of action plans and ensuring the risk register is up-to-date[148] - The Company has established procedures for handling inside information, ensuring confidentiality and compliance with the Securities and Futures Ordinance[149] - The Group has implemented a zero-tolerance policy towards fraud, corruption, and unethical actions, ensuring integrity and transparency in operations[121] - The Board is responsible for ensuring proper accounting records are maintained and for preparing the financial statements[145] Sustainability and Innovation - Sustainability initiatives include reducing waste through innovative packaging solutions and adhering to ethical production practices[20] - The Group's commitment to innovation is highlighted by its participation in various industry exhibitions and the introduction of new products[70] - The Group is committed to integrating environmental, social, and governance (ESG) considerations into business operations and strategic decision-making[87] - The BARMC oversees the Company's ESG matters, including monitoring ESG reporting progress and reviewing related risks[142] Employee and Workforce Management - The Group had 1,631 employees as of June 30, 2024, with a remuneration policy that includes annual increments and performance bonuses[60] - The Group aims to enhance the quality of human resources as a core aspect of management excellence[83] - The Group values open communication and collaboration among employees to foster growth and achieve shared objectives[84] Shareholder Communication - The Company maintains a website to provide shareholders with the latest news, financial reports, and corporate governance information[154] - The Group encourages two-way communication with shareholders and provides opportunities for them to seek clarification on the Group's performance[154] - The Board reviewed the effectiveness of the shareholder communication policy during the year ended June 30, 2024[156]