01213萬保剛集團年报

245711162128434546474950CONTENTS 目錄Corporate InformationGroup StructureFinancial HighlightsCEOs StatementManagement Discussion and AnalysisDirectors and Senior Managements ProfileCorporate Governance ReportReport of the DirectorsIndependent Auditors ReportConsolidated Statement of Comprehensive IncomeStatements of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial Statements公司資料集團架構財務摘要行政總裁報告管理層討論及分析董事及高級管理層簡介企業管治報告書董事會報告獨立核數師報告綜合全面收益表財務狀況表綜合權益變動表綜合現金流量表綜合財務報表附註119Financial Summary財務概要02Corporate Information 公司資料Board of DirectorsExecutive DirectorsHung Kim Fung,Measure(Chairman)(appointed on 1st April 2011)Yeung Man Yi,Beryl(Deputy Chairman and Chief Executive Officer)Hung Ying FungYeung Kwok Leung,AllixIndependent Non-Executive DirectorsCharles E.ChapmanLeung Wai CheungChow Shek Fai(passed away on 14th May 2011)Ku Wing Hong,Eric(appointed on 25th May 2011)Audit CommitteeLeung Wai Cheung(Chairman)Charles E.ChapmanChow Shek Fai(passed away on 14th May 2011)Ku Wing Hong,Eric(appointed on 25th May 2011)Remuneration CommitteeLeung Wai Cheung(Chairman)Yeung Man Yi,BerylChow Shek Fai(passed away on 14th May 2011)Ku Wing Hong,Eric(appointed on 25th May 2011)Nomination CommitteeHung Kim Fung,Measure(Chairman)Charles E.ChapmanLeung Wai CheungRegistered OfficeClarendon House2 Church StreetHamilton HM 11BermudaPrincipal Place of Business7/F New Trend Centre704 Prince Edward Road EastSan Po KongKowloonHong Kong董事會董事會執行董事執行董事洪劍峯（主席）於二零一一年四月一日獲委任）楊敏儀（副主席兼行政總裁）洪英峯楊國樑獨立非執行獨立非執行董事董事Charles E.Chapman梁偉祥周錫輝（於二零一一年五月十四日辭世）古永康（於二零一一年五月二十五日獲委任）審核委員會審核委員會梁偉祥（主席）Charles E.Chapman周錫輝（於二零一一年五月十四日辭世）古永康（於二零一一年五月二十五日獲委任）薪酬委員會薪酬委員會梁偉祥（主席）楊敏儀周錫輝（於二零一一年五月十四日辭世）古永康（於二零一一年五月二十五日獲委任）提名委員會提名委員會洪劍峯（主席）Charles E.Chapman梁偉祥註冊辦事處註冊辦事處Clarendon House2 Church StreetHamilton HM 11Bermuda主要營業地點主要營業地點香港九龍新蒲崗太子道東704號新時代工貿商業中心7樓Mobicon Group Limited-Annual Report 2011/201203Corporate Information 公司資料Company SecretaryHo Siu WanAuditorsHLB Hodgson Impey ChengChartered AccountantsCertified Public Accountants31/F Gloucester TowerThe Landmark11 Pedder Street,CentralHong KongPrincipal Share Registrar and Transfer OfficeButterfield Fulcrum Group(Bermuda)LimitedRosebank Centre11 Bermudiana RoadPembroke HM08BermudaBranch Share Registrar and Transfer OfficeHong Kong Registrars LimitedShops 17121716,17/FHopewell Centre183 Queens Road EastHong KongPrincipal BankersDBS Bank(Hong Kong)LimitedHang Seng Bank LimitedWing Hang Bank,LimitedLegal AdvisersF.Zimmern&Co.Suites 15011503,15/FGloucester TowerThe Landmark15 Queens Road CentralHong KongCorporate Websitehttp:/Stock Code1213萬保剛集團有限公司萬保剛集團有限公司-二零一一二零一一二零一二年年報二零一二年年報公司秘書公司秘書何少雲核數師核數師國衛會計師事務所英國特許會計師香港執業會計師香港中環畢打街11號置地廣場告羅士打大廈31字樓主要股份過戶登記處主要股份過戶登記處Butterfield Fulcrum Group(Bermuda)LimitedRosebank Centre11 Bermudiana RoadPembroke HM08Bermuda股份過戶登記分處股份過戶登記分處香港證券登記有限公司香港皇后大道東183號合和中心17樓1712-1716號舖主要銀行主要銀行星展銀行（香港）有限公司恒生銀行有限公司永亨銀行有限公司法律顧問法律顧問施文律師行香港皇后大道中15號置地廣場告羅士打大廈15樓1501-1503室公司網站公司網站http:/股份代號股份代號121304Group Structure 集團架構Mobicon Group Limited-Annual Report 2011/2012%05Financial Highlights 財務摘要Major Financial Indicators and Ratios主要財務指標及比率主要財務指標及比率For the year ended 31st March 截至三月三十一日止年度%changesOperating results經營業績經營業績2012二零一二年二零一二年HK$000千港元千港元2011二零一一年HK$000千港元increase/(decrease)百分比改變增（減）%RevenueGross profitOperating profitNet Profit收益毛利經營溢利純利588,628107,1427,6013,964739,832124,10820,22614,674(20.4)(13.7)(62.4)(73)HK cents港仙港仙HK cents港仙Per share data每股資料每股資料Earnings per shareTotal dividend per shareNet assets per share每股盈利每股總股息每股資產淨值0.42.089.5HK$0005.83.595.5HK$000(93.1)(42.9)(6.3)%千港元千港元千港元Financial position財務狀況財務狀況Total assetsNet assets資產總值資產淨值302,593178,947316,367191,055(4.4)(6.3)Financial ratio財務比率財務比率Current ratio(Times)Quick ratio(Times)Gross margin(%)Net gearing ratio(%)流動比率（倍）速動比率（倍）毛利率(%)淨資產負債比率(%)2.30.918.2%3.4%Days2.41.016.8%5.7%Days(4.2)(10)1.4%(2.3%)%日日日Turnover ratio週轉比率週轉比率Inventory turnoverDebtors turnoverCreditors turnover存貨週轉應收賬週轉應付賬週轉134433298402736.77.518.5萬保剛集團有限公司萬保剛集團有限公司-二零一一二零一一二零一二年年報二零一二年年報06Financial Highlights 財務摘要For the year ended 31st March 截至三月三十一日止年度Revenue by Geographical Segments(by%)按地區分類之收益（按百分比顯示）按地區分類之收益（按百分比顯示）2012Revenue by Business Segments(by%)按業務分類之收益（按百分比顯示）按業務分類之收益（按百分比顯示）2012Hong Kong 香港Asia-Pacific region(other than Hong Kong)亞太地區（香港除外）55%30%Electronic Trading Business 電子買賣業務Computer Business 電腦業務77%23%South Africa 南非Europe 歐洲Others 其他地區Revenue收益收益HK$in million百萬港元1,5001,20093312%1%2%Profit(Loss)Attributable toShareholders股東應佔溢利（虧損）股東應佔溢利（虧損）HK$in million百萬港元35302590076771774020600589151010.311.6300050-1.91.80.72008200920102011201220082009201020112012Shareholders Equity股東權益股東權益HK$in million百萬港元Earnings(Loss)Per Share Basic每股盈利（虧損）基本每股盈利（虧損）基本HK$cents港仙200160172160163171163655.155.80412080324010-0.970.920.370-12008200920102011201220082009201020112012Mobicon Group Limited-Annual Report 2011/201207CEOs Statement 行政總裁報告Financial ResultThe prolonged European sovereign debt crisis and sluggish recovery ofUS economy have brought impact to the Company and its subsidiaries(the“Group”).For the financial year ended 31st March 2012,theGroup recorded a turnover of around HK$589 million,which decreasedabout 20.4%from approximately HK$740 million in the previous year.Gross profit dropped by about 13.7%to around HK$107 million fromapproximately HK$124 million last year,while the gross profit marginslightly increased by approximately 1.4%from about 16.8%last year toaround 18.2%.The Groups operating profit amounted to approximatelyHK$8 million(31st March 2011:approximately HK$20 million),and theprofit attributable to shareholders was approximately HK$0.7 million(31stMarch 2011:approximately HK$11.6 million).This represented earningsper share of around HK$0.004(about HK$0.06 as at 31st March 2011).The Board has resolved that subject to the approval of the shareholders atthe forthcoming annual general meeting of the Company,a final dividendof HK1 cent per ordinary share shall be declared for the year ended 31stMarch 2012,totalling HK$2 million to the shareholders whose namesappeared on the register of members of the Company on 9th August 2012.The final dividend,if approved,is expected to be paid on 20th August2012.萬保剛集團有限公司萬保剛集團有限公司-二零一一二零一一二零一二年年報二零一二年年報財務業績財務業績持續的歐債危機及美國緩慢的經濟復甦，為本公司及其附屬公司（本集團）帶來衝擊。本集團截至二零一二年三月三十一日止財政年度錄得營業額約為五億八千九百萬港元，比較上年度約七億四千萬港元的營業額減少約20.4%；毛利約為一億零七百萬港元，與上年度約一億二千四百萬港元下跌約13.7%。毛利率較去年約16.8%輕微上升約1.4%至約18.2%。本集團經營溢利約為八百萬港元（二零一一年三月三十一日：約二千萬港元），而股東應佔溢利約為七十萬港元（二零一一年三月三十一日：約一千一百六十萬港元），相等於約每股盈利0.004港元（於二零一一年三月三十一日：約每股0.06港元）。董事會議決，待股東於本公司應屆股東週年大會上批准後，將就截至二零一二年三月三十一日止年度向於二零一二年八月九日名列本公司股東名冊之股東宣派末期股息每股普通股1港仙，合共二百萬港元。末期股息一經股東批准，預期將於二零一二年八月二十日派付。品牌(the08CEOs Statement 行政總裁報告During the year under review,the Group continued to develop its twocore business lines,namely(1)the distribution of electronic components,automation parts and equipment under the service brand of於回顧年度，本集團繼續發展兩大核心業務，即(1)以品牌從事電子元件、自動化組件和儀器分銷服務（電子買賣業務）；及(2)電腦相關業務（電腦業(the“Electronic Trading Business”)and(2)computer related business務），當中包括(i)以零售品牌的電腦產品及(the“Computer Business”)which includes(i)the retail sales of computerproducts and mobile accessories under the retail brand of“Computer Retail Business”),(ii)the distribution on computer products手機配件零售業務（電腦零售業務）、(ii)的電腦產品分銷業務（電腦分銷業務）及(iii)為香港中小企業提供資訊科技產品及解決方案服務（資訊產under the brand of(the“Computer Distribution Business”)and(iii)品服務）。於回顧年度，本集團來自電子買賣業務the provision of IT outsourcing and solution services to small and mediumenterprises in Hong Kong(the“IT Outsourcing Services”).The Groupsturnover from the Electronic Trading Business during the year under reviewwas recorded as about HK$455 million,which represented a decrease ofapproximately 20.9%when comparing with that of approximately HK$575million in the previous year,while turnover from the Computer Businessdecreased approximately 18.8%to about HK$134 million from aboutHK$165 million in the previous year.For the year ended 31st March 2012,the Groups total operating expensesfurther decreased by approximately 3.8%to around HK$102 million(31st March 2011:about HK$106 million),among which the distributionand selling expenses decreased by 11.6%from HK$43 million lastyear to HK$38 million.The decrease was mainly attributable to thereduction of sales related costs as a result of decline in sales.As theGroup continuously controlled the headcount which accounted for largeproportion of the Groups operating cost,the general and administrativeexpenses were kept around HK$63 million(31st March 2011:about HK$64million)through the achievement of stringent cost saving measures in thepast periods.During the year under review,the Groups headcount wasreduced by about 3.3%from 427 full-time employees last year to 413full-time employees.The Group has optimized the human resources byreallocating supporting staff to front line,so as to explore more businessopportunity.Finance cost for the year decreased by about 16.7%toapproximately HK$1 million(31st March 2011:about HK$1.2 million).During the year under review,the Groups inventory maintained at a highlevel of approximately HK$173 million(31st March 2011:about HK$178million)despite of the drop in turnover.Some manufacturing customershave postponed the goods delivery schedule due to the depressedeconomic environment caused by the European sovereign debt crisis.However,the Group has committed to keep the usual buffer stock forthem once their production capacity of these factories have been restoredto almost the pre-tsunami levels.Besides,there were pressure from themajor suppliers requesting the Group to place constant purchase ordersunder the distributorship agreements signed previously disregard of theeconomic slowdown experienced in the year.Additionally,the Groupssubsidiary in South Africa have entered new markets such as solar panels,solar regulators and full range of power supply products,where the錄得營業額約為四億五千五百萬港元，比較去年約五億七千五百萬港元減少約20.9%；而來自電腦業務之營業額則由去年約一億六千五百萬港元下降約18.8%至約為一億三千四百萬港元。截至二零一二年三月三十一日止年度，本集團經營開支總額進一步減少約3.8%至約為一億零二百萬港元（二零一一年三月三十一日：約一億零六百萬港元），其中分銷及銷售費用自去年四千三百萬港元減少11.6%至三千八百萬港元，主要歸因於銷售下降，令銷售相關成本減少。因員工開支佔本集團的營運開支相當大的比例，故此本集團持續控制員工數目，而過往期間實施嚴格減省成本措施，令一般及行政管理費用得以維持於約六千三百萬港元（二零一一年三月三十一日：約六千四百萬港元）。於回顧年度本集團的員工數目由上年度427名全職員工減少約3.3%至413名；本集團又更有效地運用人力資源，將原本從事後勤支援工作的員工調往前線，藉此發掘更多商機。年內融資成本減少約16.7%至約一百萬港元（二零一一年三月三十一日：約一百二十萬港元）。於回顧年度，儘管營業額下降，惟本集團維持高水平存貨，約為一億七千三百萬港元（二零一一年三月三十一日：約一億七千八百萬港元）。部分製造客戶因歐債危機導致之經濟不景氣而順延貨品付運時間。然而，本集團承諾，一旦其廠房產能恢復至接近海嘯前水平，則會為彼等保存慣常後備存貨。並且，主要供應商向本集團要求，即使年內出現經濟衰退，仍須如常根據過往簽訂之分銷協議下採購單。此外，本集團之南非附屬公司已進軍太陽能電板、太陽能調節器及完整系統的電源供應產品等全新市場，投資該等存貨實屬必要。概括而言，策略性保持存貨已證實可創造高效可持續之佳績，同時如以往所示盡量減低市場波動之風險。investment in such inventory has been absolutely necessary.Generallyspeaking,this strategic inventory holding has proven to deliver goodresults,to be effective,sustainable and with the effect of also minimizingour exposure to market volatility,as proven in the past.Mobicon Group Limited-Annual Report 2011/2012the brand of09CEOs Statement 行政總裁報告Development Strategy and OutlookThe Group believed that the American and the European markets willrecover slowly from economy recession.Accordingly,the Group will focusin the China and the South East Asian markets in the coming future.Anintensive sales network in China and South East Asia has been developed.The Group will allocate more effort to expand the Groups shares in Chinaand South East Asia markets,especially the small to medium enterprisesmarket,by increasing product variety,such as DC-DC Converters,PowerSuppliers,Bluetooth Modules and GPS Modules.發展策略及展望發展策略及展望本集團認為歐美市場經濟衰退，復甦緩慢，因此本集團於不久將來會專注發展中國及東南亞市場。本集團已經在中國及東南亞發展了一個完備的銷售網絡，本集團會投放更多資源，透過增加產品種類，如DC-DC轉換器、電源供應、藍芽模組、全球定位系統模組，去擴展本集團於中國及東南亞市場的佔有率，特別是中小型企業市場。At the same time,the Group will launch a series of equipment under同時，本集團會以品牌推出一系列的儀器，包,including Digital Microscopes,Clamp Meters andVoltage Detectors.Those newly launched equipment can help the Groupto further expand its share in the industrial market.In respect of the Computer Business,the Group continuously increases theproduct types,especially fashionable Smartphone accessories becauseof the popularity of Smartphone and Tablets.To catch up with businessdevelopment,large retail shops are essential for the product display.Looking for appropriate location for setting up retail shop is always one括數碼顯微鏡、非觸式電筆、電流鉗錶，幫助本集團擴展工業市場的佔有率。電腦業務方面，本集團持續增加產品種類，尤其是潮流的智能手機周邊產品，因為智能手機及平板電腦越來越普及。為了配合業務發展，本集團需要大型的門市來展示產品。而尋找合適的地方開設門市一向是本集團在電腦業務方面其中一個主要策略。同時，本集of the Groups strategies for its Computer Business.In the meantime,the團又致力建立品牌，擴展其在東南亞市場的佔Group devotes to build up the brand ofshare in the South East Asian market.by expanding the market有率。Furthermore,more younger age colleagues will be recruited.The Groupbelieves that new generation can introduce more new idea and energy tothe Group,which can lead the Group to step forward to another height.萬保剛集團有限公司萬保剛集團有限公司-二零一一二零一一二零一二年年報二零一二年年報此外，本集團會多聘請較年輕的員工，因為本集團深信新一代可以為集團帶來更多新思維及能量，協助集團去到另一個高峰。10CEOs Statement 行政總裁報告AppreciationI would like to thank our management team and all our staff membersfor their efforts and significant contributions to the Group during the pastyear.In addition,I would like to express my heartfelt gratitude to ourshareholders,institutional investors,customers,bankers and businesspartners for their continued support to and confidence in the Group.By order of the BoardYeung Man Yi,BerylDeputy Chairman and Chief Executive OfficerHong Kong,22nd June 2012致謝致謝本人謹此感謝公司管理層及全體員工過去一年的努力及為本集團作出重大的貢獻。此外，本人亦衷心感謝股東、機構投資者、客戶、銀行及業務夥伴對本集團一直以來的支持與信賴。承董事會命副主席兼行政總裁楊敏儀楊敏儀香港，二零一二年六月二十二日Mobicon Group Limited-Annual Report 2011/2012即(1)以ofof11Management Discussion and Analysis 管理層討論及分析Business ReviewDuring the year under review,the Groups continued to focus on itstwo core business operations,namely:(1)the distribution of electroniccomponents,automation parts and equipment under the service brand業務回顧業務回顧於回顧年度，本集團繼續專注發展其兩大核心業務，品牌從事的電子元件、自動化組件和儀器分銷業務（電子買賣業務）；及(2)電腦相關業務(the“Electronic Trading Business”);and(2)computer related（電腦業務），當中包括(i)以為零售品牌的business(the“Computer Business”)which includes(i)the retail salesof computer products and mobile accessories under the retail brand(the“Computer Retail Business”),(ii)the distribution on電腦產品及手機配件零售業務（電腦零售業務）、(ii)品牌的電腦產品分銷業務（電腦分銷業務）和(iii)為香港中小企業提供資訊科技產品及解決方案服務computer products under the brand of(the“Computer Distribution（資訊產品服務）。於截至二零一二年三月三十一日Business”)and(iii)the provision of IT outsourcing and solution servicesto small and medium enterprises in Hong Kong(the“IT OutsourcingServices”).The Electronic Trading Business and the Computer Businessaccounted for about 77%and 23%of the Groups total turnover for thefiscal year ended 31st March 2012 respectively.By analysis on the two core business operations,the gross profit marginof the Electronic Trading Business and the Computer Business slightlyincreased to around 19.4%and 14.2%respectively(31st March 2011:about 18.2%and about 12%respectively).Electronic Trading BusinessHong KongFor the year ended 31st March 2012,turnover of the Groups ElectronicTrading Business was approximately HK$455 million,which decreasedabout 20.9%from approximately HK$575 million for the last year.Because of the bearish American and European markets,consumption ofconsumer electronic products was weak.Meanwhile,enterprises wereconservative in new products development and business expansion due toeconomic uncertainty.In 2011,there were natural disasters in Asia.The earthquake andnuclear disaster in Japan have broken the supply chain of various criticalcomponents,which in turn led to shortage of components worldwide,manufacturers were forced to postpone their production which inevitablereduced the demand of other components used in production.The floodingin Thailand,one of the key production areas of auto parts,has disruptedthe supply of some auto parts in market.In this circumstance,the Groupsbusiness was eventually affected.On the other hand,by entering into an agency agreement with PanasonicElectric Works(Hong Kong)Co.Ltd.,it allowed the Group furtherexpanded the customer base from the market of industrial control andJapan Original Equipment Manufacturer(OEM).Therefore the influence ofuncertain global economic indicators to the Group can be alleviated.In the meantime,the Group has also entered into an agency agreementwith Precaster Enterprises Co.,Limited(provider of surveying instrument)during the year under review.萬保剛集團有限公司萬保剛集團有限公司-二零一一二零一一二零一二年年報二零一二年年報止財政年度，電子買賣業務及電腦業務分別佔本集團之總營業額約77%及23%。從兩大核心業務分析，電子買賣業務及電腦業務之毛利率分別輕微上升至約19.4%及14.2%（二零一一年三月三十一日：分別約18.2%及約12%）。電子買賣業務電子買賣業務香港香港於截至二零一二年三月三十一日止年度，本集團電子買賣業務之營業額約為四億五千五百萬港元，與去年約五億七千五百萬港元比較減少約20.9%。由於對歐美市場持悲觀態度，電子產品的消費疲弱。同時，因經濟前景不明朗，企業均對新產品開發及業務擴展持保守態度。於二零一一年，亞洲發生自然災害。日本的地震及核危機，破壞了多種關鍵零件的供應鏈，引起全球出現零件短缺，製造商被迫延遲生產，這無可避免地令其他零件的需求減少。而另一個汽車零部件生產重地泰國發生的水災，亦中斷了部份汽車零部件的供應。在這樣的情況下，本集團的業務最終也受到影響。另一方面，與松下電工（香港）有限公司簽定代理合約讓本集團進一步擴展工控及日本原始設備製造商市場的客戶群，因而緩和了不明朗的環球經濟為本集團帶來的影響。同時，本集團於回顧年度與仲陽企業有限公司（測量儀器供應商）簽訂代理合約。12Management Discussion and Analysis 管理層討論及分析OverseasDuring the year under review,the business of the Groups overseassubsidiaries recorded a turnover of approximately HK$138 million,representing a decrease of about 17.4%when compared with that ofapproximately HK$167 million for the last year.Although there was dropin the turnover from the Groups overseas subsidiaries,the turnover fromthe Groups South Africa subsidiary recorded a significant increase ofabout 16.7%to approximately HK70 million from HK$60 million in lastyear.It was contributed by the provision of power supply and batteriesproducts that acquired the demand of industrial,medical and automationmarket.In terms of geographical segments,the contributions of Hong Kong,theAsia-Pacific region(other than Hong Kong),South Africa,Europe and otherregions,accounted for 55%,30%,12%,1%and 2%respectively of theGroups total turnover during the year under review.Computer BusinessComputer Retail BusinessThe Computer Retail Business,mainly the operation of the products under海外海外於回顧年度，本集團海外附屬公司的營業額約為一億三千八百萬港元，與去年約一億六千七百萬港元比較減少約17.4%。縱使本集團海外附屬公司的營業額錄得跌幅，但本集團的南非附屬公司之營業額仍然錄得約16.7%的明顯增長，由去年約六千萬港元大幅增加至約七千萬港元，這是由於南非附屬公司提供電源供應及電池產品，吸納了工業、醫療及自動化設備市場的需求。按地區分部計算，香港、亞太地區（香港除外）、南非、歐洲及其他地區於回顧年度分別佔本集團總營業額的55%、30%、12%、1%及2%。電腦業務電腦業務電腦零售業務電腦零售業務截至二零一二年三月三十一日止年度，以the brand of,recorded a turnover of approximately HK$23品牌營運的電腦零售業務錄得營業額約為二千三百million for the year ended 31st March 2012(for the year ended 31st March2011:about HK$28 million),which represented a loss of around HK$3.5million(for the year ended 31st March 2011:about HK$3.5 million).Implementation of the Minimum Wage Ordinance and increase in therental cost have aggravated the operation cost of the Groups ComputerRetail Business.To ease the increment,the Group has adjusted the retailprice to alleviate the effect.Computer Distribution BusinessFor the year ended 31st March 2012,turnover of APower HoldingsLimited,a subsidiary of the Group carrying on the Computer DistributionBusiness,was about HK$96 million,representing a drop of about 19.3%from about HK$119 million in previous year.During the year under review,drop in price of flash memory card has worsened the performance of theComputer Distribution Business,as it is the principal business of APowerHoldings Limited.Nevertheless,the gross profit margin of APowerHoldings Limited was improved,which was recorded as about 10%forthe year ended 31st March 2012(for the year ended 31st March 2011:about 7.7%).It was contributed by the introduction of Smartphone andTablets accessories which provided high profit margin to APower HoldingsLimited.萬港元（截至二零一一年三月三十一日止年度：約二千八百萬港元），虧損約三百五十萬港元（截至二零一一年三月三十一日止年度：約三百五十萬港元）。最低工資條例的實施及租金成本上漲，均令本集團的電腦零售業務營運成本上升。為此，本集團已調高零售價格以舒緩成本上升帶來的影響。電腦分銷業務電腦分銷業務於截至二零一二年三月三十一日止年度，毅創來集團有限公司本集團旗下從事電腦分銷業務之附屬公司的營業額約為九千六百萬港元，較去年約一億一千九百萬港元，減少約19.3%。於回顧年度，由於快閃記憶產品是毅創來集團有限公司的主要業務，而快閃記憶產品的價錢下跌，令電腦分銷業務的表現轉差。然而，毅創來集團有限公司的毛利率則有所改善，截至二零一二年三月三十一日止年度，錄得毛利率約為10%（截至二零一一年三月三十一日止年度：約7.7%）。這是由於引入智能手機及平板電腦的周邊產品，這些產品為毅創來集團有限公司提供較高的利潤。Mobicon Group Limited-Annual Report 2011/2012劃。13。Management Discussion and Analysis 管理層討論及分析Dur