2023/24 Annual Report

2023

2023

APR

MAY

四月

五月

Acquisition of medical aesthetics equipment

Awarded two ISO certifications

distribution business

榮獲兩項 ISO 認證

收購醫美儀器分銷業務

Signed Sustainability - Linked

Syndicated Facility

訂立可持續發展表現掛鈎銀團貸款

Strategic Collaboration with

Strategic Collaboration with

Jiangxi Rimag Group Co., Ltd.

K e r r y L o g i s t i c s N e t w o r k

與江西一脈陽光集團股份有限公

Limited

司達成戰略合作

與嘉里物流聯網有限公司達成戰

略合作

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2024

2023

2022

2021

2020(8)

二零二四年

二零二三年

二零二二年

二零二一年

二零二零年(8)

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

千港元

千港元

千港元

千港元

千港元

Revenue

收入

4,211,034

3,875,377

2,919,500

2,080,403

1,948,501

EBITDA(1)

息稅折舊及攤銷前

之盈利(1)

388,132

430,270

536,364

397,354

460,414

Profit before tax

除稅前溢利

16,874

136,189

321,411

265,896

360,523

Profit for the year

年內溢利

15,695

107,027

270,503

225,593

310,272

Profit attributable to owners of

本公司擁有人應佔

  the Company

溢利

(18,947)

69,654

197,501

192,865

286,576

Basic earnings per share (HK cents)

每股基本盈利（港仙）

(1.6)

5.9

17.1

18.8

29.1

As at 31 March

於三月三十一日

2024

2023

2022

2021

2020(8)

二零二四年

二零二三年

二零二二年

二零二一年

二零二零年(8)

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

千港元

千港元

千港元

千港元

千港元

Total assets

資產總值

5,373,054

5,513,330

4,860,608

3,790,481

2,555,269

Total liabilities

負債總額

2,970,283

3,142,385

2,510,052

2,159,695

1,385,736

Net assets

資產淨值

2,402,771

2,370,945

2,350,556

1,630,786

1,169,533

Financial Metrics

財務指標

EBITDA Margin(2)

息稅折舊及攤銷前

之盈利率(2)

9.2%

11.1%

18.4%

19.1%

23.6%

Net profit margin(3)

淨溢利率(3)

0.4%

2.8%

9.3%

10.8%

15.9%

Current ratio(4)

流動比率(4)

0.92x

0.85x

1.11x

1.07x

0.98x

Quick ratio(5)

速動比率(5)

0.85x

0.80x

1.04x

1.04x

0.93x

Debt/EBITDA

債務╱息稅折舊及

攤銷前之盈利

2.4x

1.7x

0.4x

1.4x

0.7x

Gearing ratio

資產負債比率

38.3%

30.3%

10.1%

34.5%

25.9%

Return on equity(6)

股本回報率(6)

0.7%

4.5%

11.5%

13.8%

26.5%

Return on average total assets(7)

平均總資產回報率(7)

0.6%

2.1%

6.3%

7.1%

12.7%

Dividend per share (HK cents)

每股股息（港仙）

0.5

10.0

14.4

15.9

23.0

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Notes:

附註：

1.

EBITDA equals earnings before interests, taxation, depreciation-owned

1.

息稅折舊及攤銷前之盈利等於未計利息、稅項、自

property, plant and equipment and amortisation. EBITDA is not a standard

有物業、廠房及設備折舊及攤銷前的盈利。息稅折

measure under HKFRS. The Company's management believes that EBITDA,

舊及攤銷前之盈利並非香港財務報告準則下的標準

as a proxy of operating cash flow generated by the Group's businesses,

計量方法。本公司管理層認為，息稅折舊及攤銷前

provide investors with useful supplementary information to assess the

之盈利作為本集團業務所得經營現金流的代表，為

performance of the Group.

投資者提供有用的補充資料，以評估本集團的表現。

The following table sets out the reconciliation of the EBITDA and profit before

下表載列於所示期間息稅折舊及攤銷前之盈利與除

tax for the periods indicated:

稅前溢利的對賬：

Year ended

31 March

截至三月三十一日

止年度

2024

二零二四年

HK$'000

千港元

Profit before tax

除稅前溢利

16,874

Finance costs

財務成本

100,837

Depreciation-owned property, plant and equipment

折舊-自有物業、廠房及設備

177,073

Amortisation of intangible assets

無形資產攤銷

108,921

Less: Bank and other interest income (note 6 to the financial statements)

減：銀行及其他利息收入（財務報表附註6）

(15,573)

EBITDA

息稅折舊及攤銷前之盈利

388,132

2.

EBITDA Margin equals earnings before interests, taxation, depreciation-owned

2.

息稅折舊及攤銷前之盈利率等於財政年度內未計利

property, plant and equipment and amortisation over total revenue of the

息、稅項、自有物業、廠房及設備折舊及攤銷前的

financial year.

盈利除以總收入。

3.

Net profit margin equals profit for the year divided by revenue for the same

3.

淨溢利率等於年內溢利除以同期的收入。

period.

4.

Current ratio equals current assets divided by current liabilities as at the end of

4.

流動比率等於財政年度末的流動資產除以流動負債。

the financial year.

5.

Quick ratio equals current assets less inventories divided by current liabilities

5.

速動比率等於財政年度末的流動資產減存貨除以流

as at the end of the financial year.

動負債。

6.

Gearing ratio equals total debt (total debt refers to the aggregate sum of bank

6.

資產負債比率等於債務總額（債務總額指銀行借款與

borrowings and convertible bonds excluding lease liabilities relating to

可換股債券總和，與租賃作自用的物業有關的租賃

properties leased for own use) divided by total equity.

負債除外）除以權益總額。

7.

Return on equity equals profit for the year divided by the ending balance of

7.

股本回報率等於年內溢利除以財政年度的權益總額

total equity of the financial year.

之年末結餘。

8.

Return on average total assets equals profit for the year divided by the

8.

平均總資產回報率等於年內溢利除以財政年度的資

arithmetic mean of the beginning and ending balances of total assets of the

產總值之年初及年末結餘之算術平均數。

financial year.

9.

The Group has initially applied HKFRS 16, Leases on 1 April 2019 using the

9.

本集團已於二零一九年四月一日使用經修訂追溯法

modified retrospective approach. Accordingly, the figures for each of the years

首次應用香港財務報告準則第 16 號租賃。因此，截

ended 31 March 2018 and 2019 are not restated and therefore may not be

至二零一八年及二零一九年三月三十一日止各年度

comparable.

的數字並無重列，故可能無法比較。

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Medical Brands

Aesthetic Medical, Beauty and

Wellness Brands

醫療品牌

32

7 美學醫療、美容及養生品牌

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The market environment in Hong Kong is particularly complex and

香港目前的市場環境複雜多變，面臨諸多挑戰。

volatile, presenting multiple challenges. Firstly, the number of

首先，國際及內地遊客的訪港人數尚未恢復至疫

international and Mainland visitors to Hong Kong has not yet returned

情前水平，消費降級嚴重影響了旅遊業和相關行

to pre-pandemic levels, and downgraded consumption severely

業的復蘇。同時，香港本地股票市場和房地產市

impacts the recovery process of tourism and related industries.

場的波動產生了負面的財富效應，導致本地消費

Meanwhile, fluctuations in the local stock and real estate markets have

情緒整體下降。香港居民頻繁赴內地和國際旅

created negative wealth effects, leading to a general decline in local

遊，這進一步分散了本地市場的消費能力，影響

consumer sentiment. Frequent travel of Hong Kong residents to

了零售和服務業的收入增長。此外，香港勞動人

Mainland China and internationally further disperses local market

口的下降加劇了招聘難度，延長了招聘周期並推

spending power, affecting revenue growth in the retail and service

高了成本，給企業的人力資源管理帶來巨大壓力。

sectors. Additionally, the declining labour force in Hong Kong has

exacerbated recruitment difficulties, extended hiring cycles, and

increased costs, posing significant pressures on human resources

management.

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