Financial Performance - Revenue for the year ended March 31, 2024, was HKD 267,691,000, an increase of 3.2% compared to HKD 258,353,000 for the previous year[3] - Gross profit for the year was HKD 41,313,000, up 26.2% from HKD 32,750,000 in the previous year[3] - The net loss for the year was HKD 28,034,000, a decrease of 31.5% compared to a net loss of HKD 40,985,000 in the previous year[5] - Total comprehensive loss for the year attributable to owners of the company was HKD 35,741,000, down from HKD 53,502,000 in the previous year[5] - The basic and diluted loss per share for the year was HKD 0.45, compared to HKD 0.66 in the previous year[5] - The group reported a pre-tax loss of HKD 28,183 thousand for the year, an improvement from a loss of HKD 35,446 thousand in the previous year[66] - The group's net loss decreased by approximately HKD 13.0 million, from a loss of about HKD 41.0 million in the previous year to a loss of about HKD 28.0 million this year[127] Revenue Breakdown - Revenue from sales of machinery and spare parts, along with related services, increased to HKD 22,401 thousand in 2024 from HKD 12,814 thousand in 2023, representing a growth of 74.5%[37] - Property management services generated revenue of HKD 78,369 thousand in 2024, down from HKD 81,920 thousand in 2023, reflecting a decrease of 4.1%[37] - Revenue from property leasing, subleasing, retail, and others rose significantly to HKD 71,132 thousand in 2024, compared to HKD 37,371 thousand in 2023, marking an increase of 90.2%[37] - Revenue from external customers in Hong Kong for 2024 was HKD 22,401 thousand, up from HKD 12,814 thousand in 2023, marking an increase of approximately 75%[61] - Revenue from external customers in China (excluding Hong Kong) was HKD 78,369 thousand in 2024, slightly down from HKD 81,920 thousand in 2023, a decrease of about 4.2%[61] - The total revenue from leasing machinery and related services in Hong Kong for 2024 was HKD 75,232 thousand, down from HKD 101,606 thousand in 2023, a decline of approximately 26%[61] - The company’s total revenue from property management services in 2024 was HKD 78,662 thousand, compared to HKD 101,890 thousand in 2023, reflecting a decrease of about 22.7%[61] - Revenue from property leasing, subleasing, and retail services rose from HKD 43.3 million to HKD 78.8 million, driven by the reopening of borders and the end of pandemic social distancing measures[103] - Revenue from construction machinery trade increased by approximately HKD 9.6 million or 74.8% to about HKD 22.4 million, attributed to favorable market opportunities[105] Assets and Liabilities - The company's total assets decreased to HKD 415,909,000 from HKD 460,608,000 in the previous year[13] - Non-current assets, including property, plant, and equipment, decreased to HKD 135,435,000 from HKD 150,577,000[8] - Current liabilities increased to HKD 100,453,000 from HKD 97,358,000 in the previous year[11] - The company's cash and cash equivalents decreased to HKD 34,278,000 from HKD 43,245,000[8] - The group’s lease liabilities decreased to HKD 1,921 million in 2024 from HKD 2,599 million in 2023, a reduction of 26.1%[25] - Deferred tax liabilities decreased to HKD 12,596 million in 2024 from HKD 13,876 million in 2023, a decline of 9.2%[25] - The group's borrowings amounted to HKD 10.1 million, a decrease from HKD 26.0 million in 2023, while lease liabilities were HKD 22.7 million, down from HKD 25.0 million[129] Accounting and Compliance - The group has adopted new accounting standards effective from April 1, 2023, which may impact future financial reporting[29] - The group has reviewed and aligned its accounting policies with the recent amendments to the Hong Kong Financial Reporting Standards, ensuring compliance and accuracy in financial reporting[31] - The group expects the application of new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[41] - The group’s total liabilities classification changes will be adopted from the effective date of the announcement, indicating a strategic shift in financial reporting[41] Operational Changes - The company continues to engage in machinery and parts trading, machinery leasing, and related services, as well as property management services in China[21] - The group has six reportable segments in 2023, up from five in the previous year, indicating potential market expansion[38] - The company expanded its lending business, which has been reported as a separate segment, reflecting a strategic shift in resource allocation and future business development[63] - The group has capital commitments of approximately HKD 5.8 million for machinery and equipment as of March 31, 2024, compared to HKD 5.3 million in 2023[149] Shareholder Information - The group reported a loss for the year, with no dividends proposed for the fiscal year ending March 31, 2024[91] - The company will not recommend a final dividend for the year 2023[158] - The annual general meeting is scheduled for August 15, 2024, with a share registration suspension from August 12 to August 15, 2024[158] - Shareholders must submit their share registration forms by 4:30 PM on August 9, 2024, to be eligible to vote at the annual general meeting[158] - The annual performance announcement is available on the company's website and the Hong Kong Stock Exchange website[159]
兆邦基生活(01660) - 2024 - 年度业绩