AV CONCEPT HOLD年报2024

Pages Financial Highlights財務重點 財務重點Financial Highlights Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Dr. So Yuk Kwan(Chairman and Chief Executive Officer)Mr. So Kevin Chi HengMr. So Chi Sun Sunny Independent Non-Executive Directors PhDSBSCharles Edward Chapman Dr. Lui Ming Wah,PhD, SBS, JPMr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping (appointed on 5 January 2024)Mr. Charles Edward Chapman (passed away on 1 November 2023) CHIEF FINANCIAL OFFICER ANDCOMPANY SECRETARY Mr. Chan Chi Hang AUDIT COMMITTEE PhDSBSCharles Edward Chapman Mr. Lai Yat Hung Edmund(Chairman)Dr. Lui Ming Wah,PhD, SBS, JPMs. Au-Yeung Kit Ping (appointed on 5 January 2024)Mr. Charles Edward Chapman (passed away on 1 November 2023) REMUNERATION COMMITTEE PhDSBSCharles Edward Chapman Dr. Lui Ming Wah,PhD, SBS, JP(Chairman)Mr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping (appointed on 5 January 2024)Mr. Charles Edward Chapman (passed away on 1 November 2023) NOMINATION COMMITTEE PhDSBSCharles Edward Chapman Ms. Au-Yeung Kit Ping(Chairman) (appointed on 5 January 2024)Dr. Lui Ming Wah,PhD, SBS, JPMr. Lai Yat Hung EdmundMr. Charles Edward Chapman(Ex-chairman)(passed away on 1 November 2023) CORPORATE GOVERNANCE COMMITTEE PhDSBSCharles Edward Chapman Dr. Lui Ming Wah,PhD, SBS, JP(Chairman)Mr. Lai Yat Hung EdmundMs. Au-Yeung Kit Ping (appointed on 5 January 2024)Mr. Charles Edward Chapman (passed away on 1 November 2023) REGISTERED OFFICE P. O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands P. O. Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands 公司資料Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS 396 6th FloorEnterprise Square Three39 Wang Chiu RoadKowloon BayHong Kong PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation LimitedStandard Chartered Bank (Hong Kong) LimitedHang Seng Bank LimitedUnited Overseas Bank LimitedDBS Bank (Hong Kong) LimitedChong Hing Bank Limited LEGAL ADVISOR Angela Ho & Associates AUDITOR Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor CAYMAN ISLANDS SHARE REGISTRAR Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands HONG KONG SHARE REGISTRAR ANDTRANSFER OFFICE (BRANCH REGISTRAR) 1617 Tricor Tengis Limited17th Floor, Far East Finance Centre,16 Harcourt Road,Hong Kong 595 STOCK CODE595 www.avconcept.com WEBSITEwww.avconcept.com CHAIRMAN’SSTATEMENT 主 席 致 辭 Chairman’s Statement主席致辭 On behalf of the Board of Directors, I am honoured to present the annualresults of AV Concept Holdings Limited (“AV Concept” or the “Company”)together with its subsidiaries (collectively referred to as the “Group”) for theyear ended 31 March 2024 (the “year under review”). Moving into 2024, there was a cautious optimism as inflation began to soften,paving the way for more balanced economic growth. Global GDP growthrates were projected to continue at a modest pace, with slight improvementsexpected compared to the previous year. Early indicators suggested globalGDP growth stabilizing at around 3.1% to 3.2%, supported by a resilientservice sector and a revival in consumer demand. However, the globaleconomic landscape continued to face challenges such as geopolitical tensionsand supply chain vulnerabilities, which influenced the pace and uniformity ofrecovery across different regions. In light of these circumstances, the Group’sperformance for the year under review revealed a revenue of approximatelyHK$984.3 million (2023: HK$660.0 million). The profit attributable to theCompany’s owners amounted to approximately HK$109.2 million (2023:HK$40.7 million), with the gross profit around HK$36.3 million (2023: HK$4.3million). Dr. So Yuk KwanChairman AV Concept Holdings LimitedAVConcept 2024GDPGDP3.1%3.2%984,300,000660,000,000109,200,00040,700,00036,300,0004,300,000 Chairman’s Statement主席致辭 IDC202420%Gartner, Inc. Recent performance in the semiconductor industry indicates a possiblerebound. According to International Data Corporation, the semiconductormarket is expected to grow by 20% in 2024, driven by demands across AI,high-performance computing, and automotive electronics. This resurgenceis further supported by a strategic reduction in memory chip production,leading to even higher prices. Gartner’s insights complement this view,highlighting the recovery in consumer electronics demand, which hasbolstered semiconductor use in devices ranging from smartphones to personalcomputers. The projected growth in these sectors suggests a favourablebusiness environment, and the Group is strategically positioning itself tocapitalize on these opportunities and leverage the trends to further enhanceour operating performance. Economic pressures have reshaped consumer sentiment from late 2023into 2024, significantly affecting household budgets and alte