裕承科金2023/2024 年报

BOARD OF DIRECTORS Executive DirectorsMr. Xu Hao(Chief Executive Officer)1Ms. Li Chuchu, Tracy(Chief Financial Officer)2Mr. Lau Fu Wing, Eddie3Ms. Yeung Shuet Fan Pamela4 1234 Non-executive DirectorsDr. Cheng Chi-Kong, AdrianSBS, JP(Chairman)Mr. Han Kam Leung, Michael SBS, JP Independent Non-executive DirectorsMs. Ling Kit Sum ImmaDr. Tam Lai Fan GloriaMr. Zhang Guangying5Mr. Lo Chun Yu Toby6 56 AUDIT COMMITTEEMr. Han Kam Leung, MichaelMs. Ling Kit Sum Imma7Dr. Tam Lai Fan Gloria REMUNERATION COMMITTEE Mr. Xu Hao1Dr. Tam Lai Fan Gloria7Mr. Zhang Guangying5Mr. Lau Fu Wing, Eddie3Mr. Lo Chun Yu Toby6 17536 NOMINATION COMMITTEEMs. Ling Kit Sum Imma7Dr. Tam Lai Fan GloriaMs. Li Chuchu, Tracy2Ms. Yeung Shuet Fan Pamela4 724 COMPANY SECRETARY Ms. Li Chuchu, Tracy2Ms. Chau Yuen Ching Ruby8 28 12345678 1Appointed as Executive Director, Chief Executive Officer,authorised representative and a member of the RemunerationCommittee with effect from 2 January 20242Appointed as Chief Financial Officer, authorised representative,Company Secretary and a member of the Nomination Committeewith effect from 28 September 20233Resigned as Co-Chief Executive Officer, Executive Director,authorised representative and a member of the RemunerationCommittee with effect from 2 January 20244Resigned as Chief Financial Officer, Executive Director, authorisedrepresentative and a member of the Nomination Committee witheffect from 28 September 20235Appointed as an independent non-executive Director and a memberof the Remuneration Committee with effect from 28 May 20246Resigned as an independent non-executive Director and a memberof the Remuneration Committee with effect from 28 May 20247Chairman of the relevant Board Committee8Resigned as Company Secretary with effect from 28 September2023 AUDITORCrowe (HK) CPA Limited9/F Leighton Centre77 Leighton RoadCauseway Bay, Hong Kong 779 1827 LEGAL COUNSELSHong KongHowse Williams27/F Alexandra House18 Chater Road, CentralHong Kong Cayman IslandsConyers Dill & Pearman29th Floor, One Exchange Square8 Connaught PlaceCentral, Hong Kong Conyers Dill & Pearman829 PRINCIPAL BANKERThe Hongkong and Shanghai Banking Corporation Limited REGISTERED OFFICECricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand CaymanKY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESSUnits 1-2, Level 9K11 ATELIER King’s Road728 King’s RoadQuarry Bay, Hong Kong 728K11 ATELIER King’s Road91-2 BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE IN HONG KONG Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWan ChaiHong Kong 183171712-1716 WEBSITEhttps://www.artatechfin.com https://www.artatechfin.com TRADING OF SHARESThe Stock Exchange of Hong Kong Limited(Stock Code: 279) 279 BUSINESS AND FINANCIAL REVIEW Liquidity, financial resources and capital structure At 31 March 2024, the Group had total assets, net currentassets and net assets of approximately HK$131 million (2023:HK$117 million), approximately HK$88 million (2023: HK$30million) and approximately HK$77 million (31 March 2023:HK$34 million) respectively, and cash and bank balances ofapproximately HK$90 million (2023: HK$65 million). Thecurrent ratio (current assets/current liabilities) was 7.46 (2023:1.63). The Group had unsecured convertible bonds in theprincipal amount of HK$40 million (“Convertible Bonds”) at 31March 2024 (2023: Nil). The gearing ratio, calculated on thebasis of the Group’s borrowings divided by total equity was49.3% at 31 March 2024 (2023: 190.4%). 131,000,000117,000,00088,000,00030,000,00077,000,00034,000,00090,000,00065,000,0007.461.6340,000,00049.3%190.4% For the year ended 31 March 2024, borrowing costs amountedto approximately HK$8 million, including approximately HK$4million on issuance of the Convertible Bonds, approximatelyHK$2 million on the borrowings from the immediate holdingcompany and approximately HK$2 million on an externalbank borrowing. Total finance costs for the year increased by93.3% as compared to the corresponding period in 2023 ofapproximately HK$4 million. The Group’s funding and treasurypolicy is designed to maintain a diversified and balanced debtprofile and financing structure. The Group is exposed to foreignexchange risk arising from various currency exposures, primarilywith respect to the Hong Kong dollar and US dollar. As HongKong dollar is pegged to the US dollar, the foreign exchange riskexposures are considered limited. The Group did not have anyfinancial instruments used for hedging purpose. 8,000,0004,000,0002,000,0002,000,0004,000,00093.3% For the year ended 31 March 2024, the Group’s consolidatedrevenue increased to approximately HK$23 million as a result ofthe significantly improved performance of the asset managementbusiness. 23,000,000 BUSINESS AND FINANCIAL REVIEW(Continued) Financial Performance(Continued) Operating expenses, amounting to approxima