Group 1 - The core viewpoint of the article highlights the significant rise in the stock price of Lijin Technology (00558), which increased by over 9% and is currently trading at 3.99 HKD with a transaction volume of 183 million HKD [1] - On July 27, Lijin Group, along with several partners, signed a strategic cooperation agreement to initiate a joint research and development project for magnesium alloy humanoid robots, focusing on overcoming key technical challenges such as magnesium alloy shell forming, process optimization, and lightweight structural design [1] - Lijin Technology aims to leverage its leading technology in magnesium alloy forming to provide advanced forming equipment and process solutions for the project, facilitating breakthroughs in the lightweight structure of robots [1] Group 2 - According to Minsheng Securities, the application of robots is expected to significantly increase the demand for magnesium, with the mass production of humanoid robots projected to require approximately 13.7 kilograms of magnesium metal per unit for motor shells and body parts [1] - Lijin Technology's TPI magnesium alloy semi-solid die-casting technology addresses traditional process defects such as porosity and enhances strength by 30%, paving the way for mass production of complex structural components for robots [1] - The company's 13,000-ton ultra-large die-casting equipment has been showcased at international exhibitions, accelerating the industrialization process [1]

Core Viewpoint - Liken Technology (00558) has seen a significant stock price increase, rising over 9% and currently trading at 3.99 HKD, with a transaction volume of 183 million HKD. This surge is attributed to the company's strategic collaboration in the humanoid robot development project focusing on magnesium alloy technology [1]. Group 1: Strategic Collaboration - On July 27, Liken Technology, along with several partners, signed a strategic cooperation agreement to initiate a joint research project on magnesium alloy humanoid robots, targeting breakthroughs in core technologies such as magnesium alloy shell forming and lightweight structural design [1]. - The collaboration includes Shenzhen Cyborg Robotics Co., China Machinery Group Shenyang Casting Research Institute, Fujian Magnesium Alloy Lightweight R&D Center, and Suzhou Saifis New Materials Technology Co. [1]. Group 2: Market Potential and Technology - According to Minsheng Securities, the application of robots is expected to significantly increase the demand for magnesium, with the mass production of humanoid robots projected to require approximately 13.7 kg of magnesium per unit for motor shells and body parts [1]. - Liken Technology's TPI magnesium alloy semi-solid die-casting technology has addressed traditional process defects, enhancing strength by 30%, which facilitates the mass production of complex robot components [1]. - The company's 13,000-ton ultra-large die-casting equipment has been showcased at international exhibitions, indicating an accelerated industrialization process [1].

Core Viewpoint - Liken Technology (00558) has seen a nearly 5% increase in stock price, currently trading at 3.76 HKD, with a transaction volume of 52.7165 million HKD, following the announcement of a strategic partnership for the development of magnesium alloy humanoid robots [1]. Group 1: Company Developments - On July 27, at the World Artificial Intelligence Conference WAIC 2025, Liken Technology signed a strategic cooperation agreement with several companies to officially launch a joint research and development project for magnesium alloy humanoid robots [1]. - The project aims to initiate a new era in lightweight manufacturing of humanoid robots [1]. Group 2: Industry Insights - Dongwu Securities highlighted that the semi-solid magnesium alloy die-casting process enhances the safety of magnesium alloy processing, while composite coating technology improves corrosion and oxidation resistance [1]. - The performance of magnesium alloys has been continuously improved, with leading die-casting machine companies increasingly investing in semi-solid magnesium alloy die-casting equipment [1]. - Liken Technology's TPI magnesium alloy semi-solid die-casting technology addresses traditional process defects such as porosity, resulting in a 30% increase in strength, paving the way for mass production of complex structural components for robots [1].

Core Viewpoint - Liken Technology (00558) has seen a nearly 5% increase in stock price, currently trading at 3.76 HKD, with a transaction volume of 52.7165 million HKD, following the announcement of a strategic partnership for the development of magnesium alloy humanoid robots [1] Group 1: Company Developments - On July 27, at the World Artificial Intelligence Conference WAIC 2025, Liken Technology, in collaboration with several companies, signed a strategic cooperation agreement to officially launch a joint research project for magnesium alloy humanoid robots, marking a new era in lightweight manufacturing for humanoid robots [1] - The company has introduced TPI magnesium alloy semi-solid die-casting technology, which addresses the pore defects of traditional processes and enhances strength by 30%, paving the way for mass production of complex structural components for robots [1] Group 2: Industry Insights - Dongwu Securities highlights that the semi-solid magnesium alloy die-casting process improves the safety of magnesium alloy processing, while composite coating technology enhances corrosion and oxidation resistance, leading to continuous improvements in the performance of magnesium alloys [1] - Leading companies in the die-casting machine sector are increasingly investing in semi-solid magnesium alloy die-casting equipment, indicating a growing trend in the industry [1]

Core Viewpoint - Liken Technology (00558) has seen a nearly 5% increase in stock price, currently trading at 3.76 HKD, with a transaction volume of 52.72 million HKD, following the announcement of a strategic partnership for the development of magnesium alloy humanoid robots [1] Group 1: Company Developments - On July 27, at the World Artificial Intelligence Conference WAIC 2025, Liken Technology signed a strategic cooperation agreement with several companies to officially launch a joint research and development project for magnesium alloy humanoid robots, marking a new era in lightweight manufacturing for humanoid robots [1] - The TPI magnesium alloy semi-solid die-casting technology introduced by Liken Technology addresses the pore defects of traditional processes, enhancing strength by 30%, paving the way for mass production of complex structural components for robots [1] Group 2: Industry Insights - Dongwu Securities highlights that the semi-solid magnesium alloy die-casting process improves the safety of magnesium alloy processing, while composite coating technology enhances corrosion and oxidation resistance, continuously improving the performance of magnesium alloys [1] - Leading companies in the die-casting machine sector are increasingly investing in semi-solid magnesium alloy die-casting equipment, indicating a growing trend in the industry [1]

Core Viewpoint - Liken Technology (00558) has seen a significant stock price increase, attributed to its strategic partnership in the humanoid robot development project, which is expected to enhance magnesium usage in robotics [1] Group 1: Company Developments - Liken Technology's stock rose over 13% in late trading, currently up 8.64% at HKD 3.52, with a trading volume of HKD 117 million [1] - On July 27, at the World Artificial Intelligence Conference WAIC 2025, Liken Group signed a strategic cooperation agreement with several companies to initiate a joint research project on magnesium alloy humanoid robots [1] - The TPI semi-solid die-casting technology developed by Liken Technology addresses traditional process defects and increases strength by 30%, facilitating mass production of complex robot components [1] Group 2: Industry Insights - According to Minsheng Securities, the application of robots is expected to significantly boost magnesium demand, with the mass production of humanoid robots imminent [1] - The estimated magnesium usage per unit for the motor casing and body parts of humanoid robots is projected to be 13.7 kilograms [1] - Guotai Junan International highlighted that Liken Technology's TPI semi-solid magnesium alloy forming technology will be a crucial source of future revenue [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 力勁科技集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00558 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.1 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.1 | HKD | | 300,000,000 | 本月底法定/註冊股本 ...

同时，赛博格还与中国机械总院集团沈阳铸造研究所共同研发轻量化材料，与福建省镁铸科技开展本体 制造合作，与苏州赛翡斯科技开展特种涂层技术开发合作。这种强强联手的研发与合作，将打造机器人 本体研发与制造的全球最强联合体。 投资机构昱烽晟泰投资管理有限公司董事长马立雄表示，赛博格的"重载机器人生态产业链"朋友圈正在 加速扩容。20余家核心零部件企业围绕其"模块化开放平台"开发专用传感器，8家系统集成商定制矿山 巡检、海上油气开采等专用机型，海外企业也通过技术授权加入这一生态。 本报讯 （记者刘晓一）7月27日，2025世界人工智能大会正如火如荼地进行。在这场汇聚全球人工智能 创新力量的盛会中，深圳赛博格机器人有限公司（以下简称"赛博格"）也展现了强劲的技术实力——大 会期间，公司与多家企业达成重要合作，全力构建重载机器人生态产业链。 据悉，赛博格与力劲科技集团签署了机器人本体设计与生产战略合作协议。力劲科技集团是全球知名的 制造业企业，压铸机全球市占率超60%，超大型压铸机（≥6000吨）市场占有率稳居世界第一，特斯拉 全球90%以上车型的关键结构件采用其设备生产。本次签约，将为赛博格重载机器人生态产业链奠定坚 实 ...

7月27日，在世界人工智能大会(WAIC 2025)这一全球科技盛会上，力劲集团携手深圳赛博格机器人有限 公司、中国机械总院集团沈阳铸造研究院有限公司、福建省镁铸轻量化研发中心有限公司、苏州赛翡斯 新材料科技有限公司共同签署战略合作协议，正式启动镁合金人形机器人联合研发项目，开启人形机器 人轻量化制造的新纪元。 五方将充分发挥各自技术优势，通过"材料-结构-工艺"一体化创新，项目旨在突破传统机器人重量与强 度瓶颈，实现结构轻量化与制造效率的双重革命。同时，五方将共同组建"人形机器人本体部件联合研 发中心"，重点突破镁合金外壳成型、工艺优化、轻质结构设计等核心技术难题。力劲科技将凭借其在 镁合金成型领域的领先技术，为项目提供先进的成型设备和工艺解决方案，助力实现机器人结构的轻量 化突破。 力劲集团副总经理任逸鹏先生在签约仪式上表示："人工智能与高端制造的融合是未来工业发展的必然 趋势，我们非常荣幸能与各领域顶尖伙伴携手共进。此次合作是力劲科技在人形机器人领域的一次重要 战略布局，也是我们践行创新驱动发展理念的又一里程碑。我们将充分发挥在高性能轻量化结构件方面 的丰富经验与产业链优势，为镁合金人形机器人的研发提供 ...

[Company Overview](index=4&type=section&id=Company%20Overview) [Company Profile](index=6&type=section&id=Company%20Profile) L.K. Technology Group is a global leader in die-casting machines, injection molding machines, and CNC machining centers, with production and R&D bases in China and Italy, and sales operations in the US and India - The Group primarily engages in the design, manufacturing, and sales of three major product series: die-casting machines, injection molding machines, and computer numerical control (CNC) machining centers[10](index=10&type=chunk) - The Group has production bases and R&D centers in Shenzhen, Zhongshan, Ningbo, Shanghai, Fuxin, Kunshan, Taiwan, and Italy, with sales and service companies in the United States and India to expand overseas markets[10](index=10&type=chunk) [Chairman's Statement](index=7&type=section&id=Chairman%27s%20Statement) This fiscal year, the Group achieved HKD **5.82 billion** in revenue and HKD **403 million** in net profit, actively investing in magnesium alloy die-casting R&D to capitalize on lightweighting trends in new energy vehicles and robotics FY2024/25 Performance Overview | Metric | Amount (HKD Millions) | % of Total Revenue | | :--- | :--- | :--- | | Operating Revenue | 5,824.9 | 100% | | Gross Profit | 1,597.2 | - | | Net Profit | 403.0 | - | | Die-Casting Segment Revenue | 3,866.6 | 66.4% | | Injection Molding Segment Revenue | 1,757.5 | 30.2% | | CNC Machining Center Revenue | 200.8 | 3.4% | - Automotive lightweighting and robotics industry growth are expected to significantly boost demand for magnesium alloy castings, with market forecasts indicating a global CAGR of **34%** for automotive lightweighting (2024-2027) and **93%** for humanoid robot magnesium alloy demand (2024-2030)[12](index=12&type=chunk)[13](index=13&type=chunk) - The Group is actively seizing growth opportunities in the magnesium alloy die-casting market, expanding direct R&D investment, and committed to deepening integrated die-casting solutions for new energy vehicles[13](index=13&type=chunk) [Financial Highlights](index=8&type=section&id=Financial%20Highlights) This fiscal year, the Group's revenue remained stable at HKD **5.825 billion**, while gross profit increased by **0.6%**; however, operating profit and net profit declined by **18.7%** and **22.2%** respectively, with cash and cash equivalents decreasing by **34.3%** Financial Highlights (As of March 31) | Metric | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | **Operating Performance** | | | | | Revenue (HKD Thousands) | 5,824,959 | 5,837,373 | -0.2% | | Gross Profit (HKD Thousands) | 1,597,207 | 1,588,260 | 0.6% | | Gross Margin | 27.4% | 27.2% | 0.2% | | Operating Profit (HKD Thousands) | 535,720 | 658,751 | -18.7% | | Net Profit (HKD Thousands) | 403,041 | 517,739 | -22.2% | | Basic Earnings Per Share (HK Cents) | 25.7 | 35.3 | -27.2% | | **Financial Position (As of March 31)** | | | | | Total Assets (HKD Thousands) | 11,914,252 | 10,905,823 | 9.2% | | Cash and Cash Equivalents (HKD Thousands) | 1,560,253 | 2,375,176 | -34.3% | | Total Borrowings (HKD Thousands) | 2,148,860 | 1,792,919 | 19.9% | [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) [Industry Development Trends and Macroeconomic Environment](index=10&type=section&id=I.%20Industry%20Development%20Trends%20and%20Macroeconomic%20Environment) The automotive industry's shift to new energy, particularly in China with over **40%** penetration, drives demand for integrated die-casting and high-precision injection molding, despite global economic uncertainties and trade protectionism - In 2024, China's new energy vehicle sales reached **12.866 million** units, a **35.5%** year-on-year increase, accounting for **70.5%** of the global share, with penetration exceeding **40%**[19](index=19&type=chunk) - Integrated die-casting technology is widely applied in core components of new energy vehicles, such as body structural parts, rear floors, and battery trays, due to its advantages in weight reduction and efficiency improvement[20](index=20&type=chunk) - Trends in automotive intelligence and comfort have increased precision and quality requirements for injection molded products, driving growth in the high-performance injection molding machine market[20](index=20&type=chunk)[21](index=21&type=chunk) - Global economic uncertainty, trade measures, and rising commodity prices have increased cost pressures on the manufacturing industry and suppressed corporate investment willingness[22](index=22&type=chunk) [Performance and Core Business Analysis](index=11&type=section&id=II.%20Performance%20and%20Core%20Business%20Analysis) The Group's total revenue reached HKD **5.82 billion**, with second-half growth of **24.5%** driven by a **38.3%** half-on-half increase in die-casting machine revenue and **23.3%** year-on-year growth in injection molding machines Operating Performance by Business Segment | Business Segment | Revenue (HKD Millions) | YoY/HoH Change | Key Driver | | :--- | :--- | :--- | :--- | | Die-Casting Machine | 3,866.6 | Second-half revenue increased **38.3%** HoH | Scaled delivery of ultra-large die-casting machines | | Injection Molding Machine | 1,757.5 | Increased **23.3%** YoY | National equipment upgrade policies, rising sales of high-end models | | CNC Machining Center | 200.8 | Increased **19.3%** YoY | Management optimization, channel expansion, overseas market growth | - Injection molding machine business revenue in consumer goods, home appliances, packaging, and toy industries increased year-on-year by **62%**, **47%**, **41%**, and **57%** respectively, indicating strong market demand[26](index=26&type=chunk) - CNC business performed strongly in overseas markets, with sales revenue in Vietnam and Indonesia increasing year-on-year by **53.9%** and **28.6%** respectively[27](index=27&type=chunk) - The Group has partnered with several leading automotive manufacturers and entered a strategic finance lease cooperation with ORIX for its CNC business, accelerating market penetration[28](index=28&type=chunk)[29](index=29&type=chunk) [Industry Technology and Application Innovation](index=14&type=section&id=III.%20Industry%20Technology%20and%20Application%20Innovation) The Group leads in magnesium alloy forming with its innovative TPI semi-solid technology, which reduces energy consumption by **50%** and enhances product toughness by **20%**, earning an IMA award for its modular modification solution - Magnesium alloy application in automotive lightweighting is accelerating, with single new energy vehicle magnesium usage reaching **10kg** in 2024, significantly higher than **1.5–3kg** in 2020, and the magnesium-aluminum price ratio has fallen to a historical low, highlighting its cost advantage[30](index=30&type=chunk)[31](index=31&type=chunk) - The Group's TPI semi-solid magnesium alloy forming technology can transform traditional die-casting machines into semi-solid process systems, reducing energy consumption by **50%** and increasing product toughness by **20%**[32](index=32&type=chunk)[33](index=33&type=chunk) - TPI technology has formed Micro, Super, and Giga product series, adaptable to **500-ton** to **7000-ton** die-casting machines, covering demands from small precision parts to ultra-large structural components[33](index=33&type=chunk) - The TPI technology's "Modular Modification Solution for Traditional Cold Chamber Die-Casting Machines" received the International Magnesium Association (IMA) "Process Excellence Award" (2024), demonstrating its global technological leadership[34](index=34&type=chunk) [Future Outlook](index=16&type=section&id=IV.%20Future%20Outlook) The Group plans to drive market penetration through a global sales network and a dual R&D strategy, focusing on customized solutions like ultra-large die-casting machines and pioneering technologies such as TPI semi-solid magnesium alloy, while collaborating in new materials and AI - Market Strategy: Leveraging over **60** localized sales and service centers globally to provide **24-hour** immediate response services, transforming technological achievements into performance drivers[35](index=35&type=chunk)[36](index=36&type=chunk) - Technology Innovation Strategy: Adopting a dual-track approach of "customized R&D" and "forward-looking R&D", with a successful case of customized R&D being the increase of die-casting machine clamping force from **6000T** to the world's largest **16000T**[36](index=36&type=chunk) - A successful case of forward-looking R&D is the early deployment of TPI semi-solid forming technology during the initial commercialization of magnesium alloys, seizing market opportunities[37](index=37&type=chunk) - Future focus will be on new materials (magnesium alloys, composite materials, etc.) and frontier areas (artificial intelligence, low-altitude economy), building technological foundations through collaborative research and early strategic planning[38](index=38&type=chunk) [Annual Milestones](index=19&type=section&id=L.K.%20Technology%20FY2024%2F2025%20Annual%20Milestones) This fiscal year, L.K. Technology achieved significant milestones, including a Guangdong Provincial Science and Technology First Prize for its die-casting technology, a strategic partnership with ORIX, the opening of L.K. Thailand, delivery of a **7000T** ultra-large die-casting unit to Europe, and European Inventor and industry contribution awards for its Giga Press and semi-solid technologies - April 2024: The project "Research and Industrial Application of Integrated Die-Casting Equipment for Large Thin-Walled Body Structures," jointly developed with Xpeng and Huazhong University of Science and Technology, won the First Prize of Guangdong Provincial Machinery Industry Science and Technology Award[39](index=39&type=chunk) - May 2024: Established a strategic cooperation with ORIX Financial Leasing (China) to jointly explore the intelligent manufacturing equipment market[43](index=43&type=chunk) - June 2024: Exported a **7000T** ultra-large intelligent die-casting unit to Minth Group's Serbian subsidiary for mass production of European new energy vehicle battery casings and body structural parts[46](index=46&type=chunk) - July 2024: Engineers from its subsidiary IDRA won the "2024 European Inventor Award" for "Giga Press" and "5S Injection Technology"[47](index=47&type=chunk) - December 2024: The Group received the "Outstanding Contribution Award for Semi-Solid Technology Application" from the China Foundry Association[57](index=57&type=chunk) [Governance Structure](index=23&type=section&id=Governance%20Structure) [Biographies of Directors and Senior Management](index=23&type=section&id=Biographies%20of%20Directors%20and%20Senior%20Management) This section outlines the backgrounds and qualifications of the company's board members, including three Executive Directors and three Independent Non-Executive Directors, and key senior management personnel - Executive Directors: Ms. Cheung Chiu Hung (Chairperson), Mr. Liu Cho Ming (Chief Executive Officer), Mr. Tse Siu Sze[63](index=63&type=chunk) - Independent Non-Executive Directors: Dr. Lau Siu Kei, Dr. Lui Ming Wah, Mr. Luk Tung[64](index=64&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk) [Corporate Governance Report](index=27&type=section&id=Corporate%20Governance%20Report) The Company maintains high corporate governance standards, with a balanced Board comprising three Executive and three Independent Non-Executive Directors, detailing Board operations, committee functions, risk management, and internal control practices - The Board of Directors comprises **3** Executive Directors and **3** Independent Non-Executive Directors, with separate roles for the Chairman and CEO to ensure checks and balances[71](index=71&type=chunk)[76](index=76&type=chunk) Board and Committee Meeting Attendance | Director Name | Board Meetings | Audit Committee | Nomination Committee | Remuneration Committee | | :--- | :--- | :--- | :--- | :--- | | Ms. Cheung Chiu Hung | 6/6 | Not Applicable | Not Applicable | Not Applicable | | Mr. Liu Cho Ming | 6/6 | Not Applicable | Not Applicable | Not Applicable | | Mr. Tse Siu Sze | 6/6 | Not Applicable | Not Applicable | Not Applicable | | Dr. Lau Siu Kei | 6/6 | 3/3 | 2/2 | 1/1 | | Dr. Lui Ming Wah | 6/6 | 3/3 | 2/2 | 1/1 | | Mr. Luk Tung | 6/6 | 3/3 | 2/2 | 1/1 | - The Audit Committee, Remuneration Committee, and Nomination Committee are all composed of Independent Non-Executive Directors, with one serving as Chairman[83](index=83&type=chunk)[87](index=87&type=chunk)[89](index=89&type=chunk) - The Group has established a risk management and internal control framework, which the Board annually reviews for effectiveness and deems effective and sufficient[97](index=97&type=chunk)[98](index=98&type=chunk)[104](index=104&type=chunk) [Report of the Directors](index=35&type=section&id=Report%20of%20the%20Directors) This report summarizes the Group's core businesses, financial performance, and dividend distribution, including a recommended final dividend of **4.5 HK cents** per share, alongside disclosures on shareholdings, incentive schemes, and related party transactions - The Board recommends a final dividend of **4.5 HK cents** per share for the year ended March 31, 2025[115](index=115&type=chunk) - As of March 31, 2025, controlling shareholder Girgio Industries Limited and its concert parties (including Ms. Cheung and Mr. Liu Cho Ming) collectively held approximately **62.23%** of the company's equity[141](index=141&type=chunk)[142](index=142&type=chunk) - Under the share option scheme granted in September 2021, **22,935,000** share options remained unexercised as of the end of this fiscal year[146](index=146&type=chunk)[147](index=147&type=chunk) - This year, the Group had approximately **5,409** employees, with total staff costs amounting to HKD **1.009 billion**[185](index=185&type=chunk) [Financial Report](index=54&type=section&id=Financial%20Report) [Independent Auditor's Report](index=54&type=section&id=Independent%20Auditor%27s%20Report) PricewaterhouseCoopers issued an unmodified opinion on the Group's consolidated financial statements, highlighting the "recoverability of trade receivables" as a key audit matter due to significant management judgment - The auditor believes the consolidated financial statements fairly and truly reflect the Group's financial position and performance, and issued an unmodified opinion[192](index=192&type=chunk) - A key audit matter is the "recoverability of trade receivables" because determining their recoverability requires significant management judgment and estimation[197](index=197&type=chunk)[198](index=198&type=chunk)[199](index=199&type=chunk) - Procedures performed by the auditor for this matter included understanding internal controls, assessing the appropriateness of the provisioning method, and testing the accuracy of expected credit loss calculations, concluding that management's judgments and estimates were sufficiently supported by evidence[200](index=200&type=chunk)[201](index=201&type=chunk) [Consolidated Financial Statements](index=59&type=section&id=Consolidated%20Financial%20Statements) This year, the Group's revenue was HKD **5.825 billion** (down **0.2%**), gross profit was HKD **1.597 billion** (up **0.6%**), but net profit declined by **22.2%** to HKD **403 million**, with operating cash flow turning into a net outflow of HKD **225 million** Consolidated Statement of Profit or Loss Summary (For the year ended March 31) | Metric (HKD Thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 5,824,959 | 5,837,373 | | Gross Profit | 1,597,207 | 1,588,260 | | Operating Profit | 535,720 | 658,751 | | Profit Before Income Tax | 475,801 | 598,998 | | Profit for the Year | 403,041 | 517,739 | | Profit Attributable to Owners of the Company | 350,094 | 484,118 | Consolidated Statement of Financial Position Summary (As of March 31) | Metric (HKD Thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Total Non-Current Assets | 3,945,936 | 3,274,900 | | Total Current Assets | 7,968,316 | 7,630,923 | | **Total Assets** | **11,914,252** | **10,905,823** | | Total Equity | 4,116,554 | 4,016,099 | | Total Non-Current Liabilities | 2,871,873 | 2,734,139 | | Total Current Liabilities | 4,925,825 | 4,155,585 | | **Total Liabilities** | **7,797,698** | **6,889,724** | Consolidated Statement of Cash Flows Summary (For the year ended March 31) | Metric (HKD Thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash (Outflow)/Inflow from Operating Activities | (224,810) | 65,939 | | Net Cash Outflow from Investing Activities | (828,216) | (505,103) | | Net Cash Inflow from Financing Activities | 250,977 | 2,225,304 | | Net (Decrease)/Increase in Cash and Cash Equivalents | (802,049) | 1,786,140 | [Notes to the Consolidated Financial Statements](index=67&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes detail accounting policies, key estimates, and financial items, showing the die-casting business as the primary revenue source, exposure to interest rate and foreign exchange risks, and a gearing ratio shift to **14.3%** from a net cash position - Segment information shows that the die-casting machine segment contributed the majority of revenue and profit, with revenue of HKD **3.87 billion** and segment results of HKD **475 million**[358](index=358&type=chunk) - The gearing ratio (net debt/total equity) was **14.3%**, compared to a negative value (cash exceeding borrowings) in the prior year, primarily due to increased bank borrowings during the year to enhance production capacity[337](index=337&type=chunk) - Loss allowance for trade receivables increased from HKD **126 million** at the beginning of the year to HKD **156 million** at year-end[329](index=329&type=chunk) - The Group has two employee incentive schemes for its Chinese subsidiaries (L.K. Plastic Machinery and Shenzhen L.K.), where contributions are recognized as redeemable liabilities due to repurchase clauses, totaling approximately HKD **241 million**[423](index=423&type=chunk)[425](index=425&type=chunk) [Five-Year Financial Summary](index=169&type=section&id=Five-Year%20Financial%20Summary) The five-year financial summary shows the Group's revenue steadily growing from HKD **4 billion** to HKD **5.8 billion**, with net profit peaking at HKD **626 million** in FY2022, and continuous expansion in total assets and liabilities Five-Year Financial Summary (For the year ended March 31, HKD Thousands) | Metric | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | 5,824,959 | 5,837,373 | 5,896,349 | 5,362,474 | 4,021,206 | | Profit for the Year | 403,041 | 517,739 | 532,235 | 625,509 | 343,667 | | Total Assets | 11,914,252 | 10,905,823 | 8,539,878 | 7,599,524 | 5,478,376 | | Total Liabilities | 7,797,698 | 6,889,724 | 4,684,162 | 3,896,525 | 3,017,104 | | Total Equity | 4,116,554 | 4,016,099 | 3,855,716 | 3,702,999 | 2,461,272 |