Financial Performance - For the fiscal year ended March 31, 2023, the company reported a revenue of HKD 258,353,000, a decrease of 5% compared to HKD 271,998,000 in the previous year[16] - The company incurred a loss attributable to owners of HKD (40,985,000) for the current year, compared to a profit of HKD 37,987,000 in the previous year[18] - The gross profit for the year was HKD 32,750,000, down 68.6% from HKD 104,123,000 in the previous year[16] - The total comprehensive loss for the year amounted to HKD (53,499,000), compared to a total comprehensive income of HKD 45,996,000 in the previous year[19] - The basic and diluted earnings per share were reported at (0.66) and 0.61 respectively[37] - The group reported a loss of HKD 40,985,000 for the year ended March 31, 2023, compared to a profit of HKD 37,987,000 in the previous year[90] - The company reported a net loss of HKD 41.0 million compared to a net profit of HKD 38.0 million in the previous year, primarily due to a more challenging business environment[123] Revenue Breakdown - Customer contract revenue for the year was HKD 134,933,000, an increase from HKD 126,719,000 in the previous year, representing a growth of approximately 6.4%[67] - Revenue from machinery sales and related services was HKD 12,814,000, down from HKD 31,638,000, indicating a decline of approximately 59.5%[67] - Property management services generated revenue of HKD 81,920,000, a decrease from HKD 88,543,000, reflecting a decline of about 7.4%[67] - Revenue from construction machinery leasing decreased by approximately HKD 21.8 million or 15.7% to about HKD 116.8 million, attributed to poor market conditions in Hong Kong and mainland China[107] - Revenue from construction machinery trading fell by approximately HKD 18.8 million or 59.5% to about HKD 12.8 million, mainly due to reduced trading demand in the Hong Kong market[109] - Revenue from transportation services decreased by approximately HKD 3.4 million or 54.8% to about HKD 2.8 million, with a strategy to reduce exposure to the transportation business due to anticipated market demand decline[110] - Revenue from property management services decreased by approximately HKD 6.6 million or 7.5% to about HKD 81.9 million, primarily due to management fee discounts offered during the COVID-19 pandemic[111] Assets and Liabilities - The company's non-current assets decreased to HKD 325,701,000 from HKD 245,201,000, reflecting an increase of 32.8%[21] - The company's total liabilities increased to HKD 97,358,000 from HKD 76,473,000, representing a rise of 27.3%[22] - The net asset value of the company decreased to HKD 434,423,000 from HKD 487,922,000, a decline of 10.9%[22] - The group’s borrowings amounted to HKD 26.0 million and lease liabilities were HKD 25.0 million, with a net asset value of zero for the pledged properties, plants, and equipment[131] Financial Standards and Compliance - The adoption of the revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's performance and financial position during the current and prior periods[26] - The group has not early adopted any newly issued Hong Kong Financial Reporting Standards that are effective after January 1, 2023, and expects no significant impact on the consolidated financial statements[33] - The group has complied with all applicable Hong Kong Financial Reporting Standards and the disclosure requirements of the Stock Exchange[41] - The group expects that the adoption of the new standards will not have a significant impact on its financial condition and performance[35] - The group has confirmed that the revised standards regarding the costs of fulfilling contracts did not affect its consolidated financial statements[45] Expenses and Costs - The cost of goods sold was approximately HKD 133,613,000 in 2023, up from HKD 103,664,000 in 2022[8] - Administrative expenses increased by approximately HKD 23.5 million or 63.2% to about HKD 60.7 million, mainly due to increased office rent from the integration of retail business[118] - The total employee cost for the year was approximately HKD 46.0 million, an increase from HKD 44.2 million in the previous year, primarily due to an increase in the number of employees to 380[137] Cash Flow and Investments - The company’s cash and cash equivalents stood at HKD 43,245,000, slightly down from HKD 44,751,000 in the previous year[9] - Capital expenditures for the year amounted to approximately HKD 46.3 million, up from HKD 25.0 million in the previous year, mainly for purchasing properties, factories, and equipment for leasing business[126] - The group purchased and sold property, plant, and equipment totaling approximately HKD 56,933,000 in 2023, compared to HKD 25,366,000 in 2022[91] Governance and Management - The board of directors includes three executive directors and three independent non-executive directors[153] - The company is led by Chairman and Executive Director Mr. Xu Chujia[153] - The board composition reflects a mix of executive and independent oversight[153] - The company emphasizes the importance of board structure and governance in its operations[153]
兆邦基生活(01660) - 2023 - 年度业绩