Financial Highlights

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Year ended
31 Mar 2018
(RMB’000)
Year Ended
31 Mar 2017
(RMB’000)
Change in
percentage

Sales 3,848,626 3,482,894 +10.5%
Gross profit 2,586,529 2,270,823 +13.9%
Gross profit margin 67.2% 65.2% -
Operating profit 1,638,242 1,339,522 +22.3%
EBITDA margin 47.9% 44.7% -
EBIT margin 42.6% 38.5% -
Selling and marketing expenses to sales 5.7% 7.3% -
Administration expenses to sales 24.0% 26.3% -
Profit before income tax 1,745,807 1,409,112 +23.9%
Profit attributable to the equity holders
of the Company
1,263,797 1,065,424 +18.6%
Adjusted Profit attributable to the equity
holders of the Company≠
1,361,941 1,097,184 +24.1%
Earnings per share (RMB cents)    

 
– Basic and diluted 40.66 34.29 +18.6%
Adjusted Earnings per share    

 
(RMB cents)≠ 43.82 35.31 +24.1%
Net cash generated from operating activities 1,538,662 1,303,709 +18.0%
Net cash* 7,502,606 4,826,455 +55.4%
Total equity 13,118,337 10,606,912 +23.7%
Final dividend per share (HK cents) 15.00 22.00 -
Total dividend per share (HK cents) 31.00 22.00 +40.9%
Debt ratio# 1.9% 0.8% -
Current ratio (times) 9.3 8.7 -
Liquidity ratio (times) 8.6 7.9 -
Inventory turnover (days) 208 206 -
Trade receivables turnover (days) 99 97 -
Trade payables turnover (days) 91 89 -


Excluding provision for impairment of goodwill of RMB54,144,000 and provision for impairment of other non-current assets and other receivable of RMB44,000,000 attributable to the equity holders of the Company for the year ended 31 March 2018 (2017: Provision for goodwill impairment of RMB22,710,000 and spin-off related direct expenses of RMB9,050,000).

* “Net cash” means “Short-term time deposits” plus “Cash and cash equivalents” minus “Borrowings”.

# “Debt ratio” means “Total borrowings (include current & non-current borrowings” divided by “Total Equity (exclude non-controlling interests)”.