2023-06-28-港交所-国际永胜集团_2022_23年年报_119页_1mb

Executive Summary

International Wins Group Holdings Limited ("the Group") reported a significant downturn in performance for the fiscal year ending March 31, 2023, due to external factors such as the COVID-19 pandemic. Revenue decreased by approximately 27.0% to HKD 392.4 million from HKD 537.4 million in the previous year, primarily driven by reduced manpower support services revenue. EBIT fell from HKD 71.8 million in 2022 to HKD 21.4 million in 2023, and the net profit attributable to shareholders was HKD 17.6 million, a sharp decline from HKD 56.6 million in the prior year.

The Group's key business segments include security services and facility management. While security services revenue declined 27.8%, facility management services revenue decreased by 11.0%. The reduction in manpower support services was the primary contributor to the overall revenue drop, tied to the expiration of COVID-19-related contracts. The Group attributes its future growth to expanding its security services scope, enhancing facility management capabilities, and seeking strategic acquisitions.

The Group's financial position remains relatively stable, with a strong cash position and low capital leverage. However, profit margins decreased from 10.5% in 2022 to 4.5% in 2023, reflecting the business challenges faced during the year.

The Board declared a final dividend of HKD 1.50 per ordinary share for the 2023 fiscal year, payable HKD 12 million total if approved at the Annual General Meeting.

In terms of corporate governance, the Group maintains a structured Board comprising eight directors, three of whom are independent non-executive directors. The Group adheres to listing rules and governance guidelines, focusing on transparency and shareholder value creation.

The Group faces various risks, including dependency on major clients, regulatory changes, and economic fluctuations. Management plans to mitigate these risks through operational efficiency and strategic investments.

Financial highlights include a decrease in liquidity-driven transactions and a cautious approach to capital expenditure due to market uncertainties. The Group's initiatives focus on improving operational efficiency and leveraging its market position.

Overall, the Group experienced significant financial challenges in 2023, but its strategic focus remains on long-term growth and stability.