LK Tech (00558) released its annual performance report for the year ended March 31, 2024. The company's annual performance remained stable, demonstrating good risk resistance and market adaptability. Revenue reached HKD5.837 billion, fully reflecting the company's robust operation and sustainable development capabilities in a complex economic environment.
LK Tech (00558) announced its annual performance report for the year ended March 31, 2024 on the Zhong Tong Finance app. The company's annual performance remained stable, demonstrating good risk resistance and market adaptability. Revenue reached HKD5.837 billion, fully reflecting the company's robust operation and sustainable development capabilities in a complex economic environment.
In the 2024 fiscal year, net income reached HKD518 million, gross margin was 27.2%, operating profit margin was 11.3%, and net profit margin was 8.9%. It is worth mentioning that the net profit in the second half of the fiscal year showed a significant growth trend, increasing by 52.3% from the first half of the year, and the downward trend was reversed, demonstrating the company's stable profitability throughout the fiscal year.
During the reporting period, the company's financial performance was stable, with total assets increasing to HKD10.906 billion, a year-on-year increase of 27.7%. The company has sufficient cash reserves, with cash and cash equivalents at the end of the 2024 fiscal year reaching HKD2.375 billion.