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: | 利記控股有限公司 | | | | | | 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) | 00637 | 說明 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 8,000,000,000 | HKD | | 0.1 HKD | | 800,000,000 | | 增加 / 減少 (-) | | | | | | HK ...

Group 1 - Heartway Medical-B (06609.HK) expects a net profit of no less than RMB 40 million for the six months ending June 30, 2025, a significant turnaround from a net loss of approximately RMB 5.1 million for the corresponding period ending June 30, 2024 [1] - The anticipated profit and performance improvement are primarily due to business growth, leading to increased revenue and a decrease in overall expenditure ratio compared to the corresponding period [1] Group 2 - Baoshan International (03813.HK) expects a mid-term net profit of approximately RMB 187.6 million, a year-on-year decrease of 44.1% [2] - Baio Family Interaction (02100.HK) anticipates a mid-term profit increase of approximately 134.9% to 141.6% [2] - Skyworth Group (00751.HK) warns of an expected mid-term post-tax profit decline of about 50% year-on-year [2] Group 3 - China CNR Corporation (01766.HK) recently signed a significant contract worth approximately RMB 32.92 billion [2] - China Power (02380.HK) reported a total electricity sales volume of 11.299 million megawatt-hours in June, a year-on-year decrease of 5.04% [2]

Core Viewpoint - The company, Liji (00637), has entered into a land compensation agreement for a site in Ningbo, China, which will provide a total compensation of RMB 12.5943 million and relocation allowance of RMB 401,250, indicating a strategic move to facilitate future development projects in the area [1] Group 1 - The land compensation agreement was signed between Jinli Alloy Manufacturing Industry (a wholly-owned subsidiary of the company) and the Xiepu Town Housing Demolition Office [1] - The total area of the land involved in the agreement is 3,221 square meters, located under the state-owned land use rights certificate "Zhongguo Yong (2001) Zi No. 0500062" in Zhenhai District, Ningbo [1] - The compensation received will be used for facility relocation and general working capital for Jinli Alloy Manufacturing Industry [1] Group 2 - The land acquisition is part of the future development needs for the Zhenpu Road Phase III project in Zhenhai District, Ningbo [1] - The company has made appropriate arrangements for subsequent transitional matters and will continue its operations on the remaining land [1] - The company expects that the land acquisition will not have a significant adverse impact on the operations of Jinli Alloy Manufacturing Industry and the group as a whole [1]

智通财经APP讯，利记(00637)发布公告，于2025年7月29日，金利合金制造工业(公司全资附属公司)与 澥浦镇房屋拆迁事务所公司就收地事项订立收地补偿协议，据此，金利合金制造工业将收取合共人民币 1259.43万元作为收地补偿以及人民币40.125万元作为搬迁津贴。 根据收地补偿协议，收地事项主要用于作为中国宁波市镇海区澥浦镇未来发展一部分的镇浦路三期项目 的建设需要。 就收地事项而言，金利合金制造工业已对后续过渡事宜作出适当安排，并将继续在余下土地上从事其经 营及生产活动。预计收地事项将不会对金利合金制造工业及集团的业务运营造成重大不利影响。收地补 偿的所得款项拟用作设施迁移及金利合金制造工业的一般营运资金。 土地位置： 国有土地使用权证"镇国用(2001)字第0500062号"项下位于中国宁波市镇海区澥浦镇王方路 的双方协定的地块，土地面积为3221平方米。 ...

須予披露交易 收地事項 於二零二五年七月二十九日，金利合金製造工業（本公司之全資附屬公司）與澥 浦鎮房屋拆遷事務所公司就收地事項訂立收地補償協議，據此，金利合金製造 工業將收取合共人民幣12,594,318元（相當於約13,853,750港元）作為收地補償以 及人民幣401,250元（相當於約441,375港元）作為搬遷津貼。 香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任 何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：637） 由於收地補償協議項下擬進行之交易的最高適用百分比率超過5%，但所有適用 百分比率均低於25%，故收地補償協議項下擬進行之交易構成本公司之須予披 露交易，並須遵守上市規則第14章項下之申報及公告規定。 緒言 鑑於鎮浦路三期項目之建設需要，金利合金製造工業（本公司之全資附屬公司）持 有的土地位於中國寧波市鎮海區人民政府公告的收地範圍內。 於二零二五年七月二十九日，金利合金製造工業與澥浦鎮房屋拆遷事務 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 1. 省覽及採納本公司及其附屬公司截至二零二五年三月三十一日止年度之經 審核綜合財務報表、董事會報告及核數師報告。 2. (a) 以獨立決議案考慮重選下列退任董事： (i) 陳婉珊女士 ，MH，JP ；及 (ii) 黃錦輝先生 (b) 授權董事會釐定董事酬金。 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：637） 股東週年大會通告 茲通告利記控股有限公司（「本公司」）謹訂於二零二五年八月二十八日（星期四）下 午二時正通過電子會議系統以虛擬會議方式舉行股東週年大會，藉以處理下列事項： 普通決議案 「動議： (a) 在本決議案下文(c)段之規限下，及根據香港聯合交易所有限公司證券 上市規則（「上市規則」），一般及無條件批准本公司董事於有關期間（定 義見本決議案下文）內行使本公司之一切權力，以配發、發行及處理本 公司任何股份（「股份」）（包括任何出售或轉讓於庫存內之庫存股份（具 ...

此乃要件 請即處理 閣下對本文件之任何內容或應採取之行動如有任何疑問，應諮詢股票經紀或其他註冊 證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出所有名下之利記控股有限公司股份，應立即將本文件送交買方或經手買 賣之銀行、股票經紀或其他代理人，以便轉交買方。 香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份 內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 利記控股有限公司（「本公司」）謹訂於二零二五年八月二十八日（星期四）下午兩時正通 過電子會議系統以虛擬會議方式舉行股東週年大會（「股東週年大會」），召開大會之通 告載於本通函。 無論 閣下能否出席股東週年大會，務請按隨附於本通函之代表委任表格所印列指示 將其填妥，並將其交回本公司之香港股份過戶登記分處卓佳證券登記有限公司，地址 為香港夏愨道16號遠東金融中心17樓，惟無論如何須於股東週年大會指定舉行時間最 少48小時前送回。為免生疑問，庫存股份持有人將股東大會上就彼等持有的任何庫存 股份放棄投票。 二零二五年七月十五日 董事會函件 ...

[Corporate Overview](index=4&type=section&id=Corporate%20Overview) [Corporate Information](index=4&type=section&id=Corporate%20Information) This section provides core corporate information for Lee Kee Holdings Limited, including lists of executive and independent non-executive directors, committee members, company secretary, registered office, principal place of business, share registrar, legal advisors, auditors, and principal bankers - The company's board of directors comprises executive directors Chan Pak Chung (Chairman), Chan Yuen Shan (Vice Chairman and CEO), Chan Ka Chun, Chan Pui Shan, and independent non-executive directors Ho Kwai Ching, Tai Lun, and Wong Kam Fai[7](index=7&type=chunk) - The company's auditor is KPMG, and its principal bankers include The Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank Limited, Standard Chartered Bank (Hong Kong) Limited, and Bank of China (Hong Kong) Limited[8](index=8&type=chunk) [Corporate Structure](index=5&type=section&id=Corporate%20Structure) This section illustrates the Group's operational corporate structure as of March 31, 2025, listing its various subsidiaries in Hong Kong, mainland China, Singapore, Malaysia, Taiwan, and Thailand - The Group's operating entities are spread across Greater China and Southeast Asia, including several Lee Kee-related companies in Hong Kong, trading companies in Guangzhou and Shenzhen, an alloy manufacturing company in Ningbo, and business entities in Singapore, Malaysia, Taiwan, and Thailand[10](index=10&type=chunk) - The Group holds a **75% equity interest** in its Malaysian subsidiary, LKG (Malaysia) Sdn Bhd[11](index=11&type=chunk) [Chairman's Statement](index=8&type=section&id=Chairman%27s%20Statement) [Chairman's Statement](index=8&type=section&id=Chairman%27s%20Statement) Chairman Chan Pak Chung's report highlights the Group's proactive efforts to consolidate long-term growth foundations amidst macroeconomic uncertainties, focusing on digital transformation, sustainable development, enhanced R&D, and market diversification while maintaining cautious optimism for the future - Facing macroeconomic uncertainties, global economic downturns, and geopolitical tensions, the Group has taken proactive measures to consolidate its foundation for sustainable long-term growth[17](index=17&type=chunk) - The Group successfully increased production capacity by **29.8%** by applying Industry 4.0 solutions to its Hong Kong production lines[18](index=18&type=chunk) - Future strategies will focus on strengthening market presence in mainland China and Southeast Asia, leveraging value-added solutions to capture emerging industry trends, and continuously investing in R&D to develop more high-quality metal products[19](index=19&type=chunk) [Financial and Operational Review](index=12&type=section&id=Financial%20and%20Operational%20Review) [Financial Summary](index=12&type=section&id=Financial%20Summary) This section provides a five-year consolidated performance and financial position summary, showing the Group incurred consecutive losses from FY2023 to FY2025 after profits in FY2021 and FY2022, with total assets and net assets declining over the past three years Five-Year Consolidated Results Summary (Year Ended March 31) | Metric (HKD thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 2,049,385 | 1,699,491 | 2,204,673 | 2,549,679 | 1,951,879 | | **(Loss)/Profit Before Income Tax** | (34,168) | (45,806) | (35,148) | 26,398 | 22,308 | | **(Loss)/Profit for the Year** | (36,223) | (49,850) | (44,593) | 18,539 | 16,842 | Five-Year Consolidated Assets and Liabilities Summary (As of March 31) | Metric (HKD thousands) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Total Assets** | 823,316 | 864,162 | 925,736 | 1,117,151 | 1,036,062 | | **Total Liabilities** | 51,720 | 51,564 | 52,312 | 193,922 | 134,124 | | **Net Assets** | 771,596 | 812,598 | 873,424 | 923,229 | 901,938 | [Management Discussion and Analysis](index=13&type=section&id=Management%20Discussion%20and%20Analysis) This fiscal year, the Group achieved **20.6% revenue growth** driven by increased industrial demand in mainland China, yet recorded a **HKD 36.1 million loss** attributable to equity holders due to property revaluation losses and increased expenses, while maintaining a sound financial position and pursuing diversified strategies including sustainable manufacturing, technological innovation, and regional expansion [Financial Review](index=13&type=section&id=Financial%20Review) During the fiscal year, Group revenue increased by **20.6%** to **HKD 2.049 billion**, with total sales volume growing by **10.8%** to approximately **85,100 tonnes**, reflecting stronger demand in mainland China, while gross profit margin remained at **4.0%**, and loss attributable to equity holders narrowed to **HKD 36.1 million** from **HKD 49.7 million** last year, with the Group maintaining a sound financial position holding **HKD 219.7 million** in cash FY2025 Key Financial Indicators | Metric | FY2025 | FY2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | HKD 2.049 billion | HKD 1.699 billion | +20.6% | | Total Sales Volume | 85,100 tonnes | 76,800 tonnes | +10.8% | | Gross Profit | HKD 81.3 million | HKD 67.7 million | +20.1% | | Gross Profit Margin | 4.0% | 4.0% | Stable | | Loss Attributable to Equity Holders | HKD 36.1 million | HKD 49.7 million | Loss narrowed | | Distribution and Selling Expenses | HKD 25 million | HKD 23.3 million | +7.3% | | Administrative Expenses | HKD 92.1 million | HKD 86.4 million | +6.6% | - As of March 31, 2025, the Group maintained a sound financial position with bank balances and cash of **HKD 219.7 million**[30](index=30&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) This fiscal year, the Group enhanced business resilience by focusing on sustainable manufacturing, responsible supply chain management, and innovative product services, expanding from traditional metal trading to consulting and value-added solutions, accelerating digital transformation, and achieving an EcoVadis Bronze medal and a **66% reduction in emissions** since 2018/19 - The Group expanded its business to professional consulting services and invested in R&D for sustainable solutions to help clients achieve environmentally friendly products and processes[32](index=32&type=chunk) - The Group accelerated digital transformation, utilizing advanced R&D technologies to optimize simulation analysis and production efficiency, and deploying automated tracking systems to enhance product traceability[33](index=33&type=chunk) - In ESG, the Group received an EcoVadis Bronze medal, ranking among the top **35%** of all rated companies, and has reduced its emissions by **66%** compared to the baseline year of 2018/19[38](index=38&type=chunk)[39](index=39&type=chunk) [Outlook](index=16&type=section&id=Outlook) Looking ahead, the Group will remain prudent amidst ongoing global economic volatility, focusing on promoting green supply chain transformation, increasing carbon emission transparency, expanding into Southeast Asia to capitalize on Belt and Road Initiative opportunities, and actively seeking technological advancements to support industry progress and social well-being - The Group will continue to promote eco-friendly and sustainable business practices and enhance carbon emission transparency to meet societal expectations[41](index=41&type=chunk) - The Group plans to intensify its expansion in Southeast Asia, leveraging its R&D capabilities to develop high-value special metals, explore new applications, and seize growth opportunities from the Belt and Road Initiative[42](index=42&type=chunk) [Liquidity, Financial Resources, and Risks](index=18&type=section&id=Liquidity%2C%20Financial%20Resources%2C%20and%20Risks) The Group primarily funds operations through internal resources and bank borrowings, maintaining a sound financial position with a low gearing ratio at fiscal year-end, managing metal price risks through operational strategies and inventory control, monitoring exchange rate fluctuations between HKD, USD, and RMB, and experiencing a slight increase in employee headcount Liquidity and Financial Resources (As of March 31, 2025) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Cash and Bank Balances | Approximately HKD 220 million | Approximately HKD 265 million | | Bank Borrowings | Approximately HKD 7.71 million | Approximately HKD 5.48 million | | Gearing Ratio | 1.88% | 1.70% | | Current Ratio | 1,984% | 2,144% | - The Group's exchange rate risk primarily stems from fluctuations between HKD, USD, and RMB[47](index=47&type=chunk) - As of March 31, 2025, the Group employed approximately **190 employees**, with staff costs totaling approximately **HKD 66.5 million**[48](index=48&type=chunk) [Directors and Corporate Governance](index=19&type=section&id=Directors%20and%20Corporate%20Governance) [Directors, Senior Management and Advisors](index=19&type=section&id=Directors%2C%20Senior%20Management%20and%20Advisors) This section details the backgrounds and qualifications of the company's board members, senior management, and advisors, highlighting the executive directors' deep industry experience and the independent non-executive directors, senior management, and advisors' extensive professional knowledge in finance, accounting, corporate development, and commodity risk management - The core executive director team comprises Mr. Chan Pak Chung (Chairman), Ms. Chan Yuen Shan (Vice Chairman and CEO), Mr. Chan Ka Chun, and Ms. Chan Pui Shan, all possessing decades of experience in the non-ferrous metals and related industries[49](index=49&type=chunk)[50](index=50&type=chunk)[51](index=51&type=chunk)[52](index=52&type=chunk) - Independent non-executive directors Mr. Ho Kwai Ching, Mr. Tai Lun, and Mr. Wong Kam Fai possess professional backgrounds in commodity markets, corporate development and finance, and engineering and technology innovation, respectively[53](index=53&type=chunk)[54](index=54&type=chunk) [Corporate Governance Report](index=22&type=section&id=Corporate%20Governance%20Report) This report outlines the company's corporate governance practices, confirming compliance with the Corporate Governance Code throughout the fiscal year, detailing the board's composition and responsibilities, the distinct roles of Chairman and CEO, the structure and work of specialized committees (Audit, Remuneration, Nomination, Corporate Governance), and the operation of risk management and internal control systems, while emphasizing the company's unique corporate culture and adopted diversity policy - The company confirms compliance with the code provisions of the Corporate Governance Code as set out in Appendix C1 of the Listing Rules for the fiscal year[57](index=57&type=chunk) - The Board has established Audit, Remuneration, Nomination, and Corporate Governance Committees, each with clear terms of reference and regular fulfillment of duties[65](index=65&type=chunk)[66](index=66&type=chunk)[71](index=71&type=chunk)[72](index=72&type=chunk) - The Group has established risk management and internal control systems, reviewed annually for effectiveness, identifying significant risks such as commodity price risk, currency risk, cyber risk, and climate risk, with corresponding management measures in place[76](index=76&type=chunk)[80](index=80&type=chunk) [Report of the Directors](index=32&type=section&id=Report%20of%20the%20Directors) The Directors' Report outlines the Group's principal activities, financial performance, dividend policy, and share capital, noting the Group's primary engagement in metal product trading, testing, and production, with no final dividend recommended for the fiscal year, and discloses directors' interests in company shares, including the Chan family trust's **72.40%** holding, while also mentioning key supplier and customer concentration and compliance with environmental regulations - The Group's principal activities include trading zinc, zinc alloy, nickel, aluminum, stainless steel, and other products in Hong Kong and mainland China, along with providing metal testing, consulting, and alloy production services[93](index=93&type=chunk) - The Board does not recommend the payment of a final dividend for the year ended March 31, 2025[95](index=95&type=chunk) Procurement Concentration from Major Suppliers | Supplier | Percentage of Procurement | | :--- | :--- | | Largest Supplier | 17.5% | | Top Five Suppliers Combined | 42.6% | - Mr. Chan Pak Chung and his family members, through the Chan Pak Chung Family Trust, are deemed to have interests in **600 million shares**, representing approximately **72.40%** of the issued shares[111](index=111&type=chunk)[114](index=114&type=chunk) [Financial Statements and Auditor's Report](index=39&type=section&id=Financial%20Statements%20and%20Auditor%27s%20Report) [Independent Auditor's Report](index=39&type=section&id=Independent%20Auditor%27s%20Report) KPMG issued an unmodified opinion on the Group's consolidated financial statements, affirming they present a true and fair view of the Group's financial position as of March 31, 2025, and its financial performance and cash flows for the year, prepared in compliance with Hong Kong Financial Reporting Standards and the Companies Ordinance, with 'Valuation of Inventories' highlighted as a key audit matter - KPMG, the auditor, issued an unmodified opinion on the consolidated financial statements[127](index=127&type=chunk) - The key audit matter identified was 'Valuation of Inventories' due to the Group's significant inventory holdings and the substantial management judgment and estimation involved in assessing inventory provisions, particularly regarding future selling prices[130](index=130&type=chunk) [Consolidated Financial Statements](index=44&type=section&id=Consolidated%20Financial%20Statements) This section contains the Group's core financial statements for the year ended March 31, 2025, with the consolidated statement of profit or loss showing an annual loss of **HKD 36.223 million**, the consolidated statement of financial position indicating total assets of **HKD 823 million** and net assets of **HKD 772 million**, and the consolidated statement of cash flows reporting a net cash outflow from operating activities of **HKD 36.066 million**, with cash and cash equivalents at year-end of **HKD 220 million** [Consolidated Statement of Profit or Loss](index=44&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) For the year ended March 31, 2025, the Group recorded revenue of **HKD 2.049 billion**, an increase from the previous year, but due to cost of sales and various expenses, the annual loss was **HKD 36.223 million**, with basic loss per share at **HKD 4.36 cents** Consolidated Statement of Profit or Loss Summary (Year Ended March 31) | Metric (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 2,049,385 | 1,699,491 | | Gross Profit | 81,259 | 67,672 | | Operating Loss | (35,081) | (48,063) | | Loss for the Year | (36,223) | (49,850) | | Loss Attributable to Equity Holders of the Company | (36,121) | (49,694) | | Basic Loss Per Share (HK cents) | (4.36) | (6.00) | [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=45&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This fiscal year, the Group's loss for the year was **HKD 36.223 million**, and after accounting for other comprehensive income items such as revaluation losses on financial assets and exchange differences, the total comprehensive loss for the year amounted to **HKD 41.002 million** Total Comprehensive Income Summary (Year Ended March 31) | Metric (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Loss for the Year | (36,223) | (49,850) | | Other Comprehensive Income | (4,779) | (10,976) | | **Total Comprehensive Income for the Year** | **(41,002)** | **(60,826)** | [Consolidated Statement of Financial Position](index=46&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were **HKD 823 million**, total liabilities were **HKD 51.72 million**, and net assets were **HKD 772 million**, with key assets including inventories (**HKD 228 million**), cash and cash equivalents (**HKD 220 million**), and trade receivables (**HKD 209 million**) Consolidated Statement of Financial Position Summary (As of March 31) | Metric (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Total Non-Current Assets | 165,241 | 181,605 | | Total Current Assets | 658,075 | 682,557 | | **Total Assets** | **823,316** | **864,162** | | Total Current Liabilities | 33,167 | 31,841 | | Total Non-Current Liabilities | 18,553 | 19,723 | | **Total Liabilities** | **51,720** | **51,564** | | **Net Assets** | **771,596** | **812,598** | [Consolidated Statement of Changes in Equity](index=48&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) This fiscal year, the Group's total equity decreased by approximately **HKD 41 million** from **HKD 813 million** at the beginning of the year to **HKD 772 million** at year-end, primarily due to the total comprehensive loss recorded for the year - Total equity attributable to equity holders of the Company decreased from **HKD 812,912 thousand** at the beginning of the year to **HKD 772,012 thousand** at year-end, primarily due to the total comprehensive loss of **HKD 40,900 thousand** for the year[147](index=147&type=chunk) [Consolidated Statement of Cash Flows](index=49&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) For the year ended March 31, 2025, the Group reported a net cash outflow of **HKD 36.066 million** from operating activities, a net cash outflow of **HKD 7.575 million** from investing activities, and a net cash outflow of **HKD 0.25 million** from financing activities, resulting in a net decrease in cash and cash equivalents of **HKD 43.891 million**, with a year-end balance of **HKD 220 million** Consolidated Statement of Cash Flows Summary (Year Ended March 31) | Metric (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash (Used in)/From Operating Activities | (36,066) | 52,832 | | Net Cash Used in Investing Activities | (7,575) | (6,058) | | Net Cash (Used in)/From Financing Activities | (250) | 61 | | **(Decrease)/Increase in Cash and Cash Equivalents** | **(43,891)** | **46,835** | [Notes to the Consolidated Financial Statements](index=50&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section provides detailed explanations and supplementary information to the consolidated financial statements, covering significant accounting policies, financial risk management, segment reporting, and detailed analyses of various assets and liabilities, including the Group's two operating segments (Hong Kong and mainland China), primary financial risks (market, credit, liquidity), and specifics on investment properties, inventories, receivables, bank borrowings, and related party transactions - Segment reporting (Note 5): The Group has two operating segments: Hong Kong and mainland China; mainland China's revenue (**HKD 1.25 billion**) exceeded Hong Kong's (**HKD 799 million**), but Hong Kong recorded a loss (**HKD 38.72 million**) while mainland China achieved a profit (**HKD 2.88 million**)[257](index=257&type=chunk) - Financial risk management (Note 3): The Group's primary financial risks include foreign exchange risk (especially RMB and NTD), commodity price risk, credit risk, and liquidity risk, which are managed through various strategies[230](index=230&type=chunk)[231](index=231&type=chunk)[234](index=234&type=chunk)[235](index=235&type=chunk) - Inventories (Note 16): The carrying amount of the Group's finished goods inventories increased from **HKD 179 million** to **HKD 228 million**[286](index=286&type=chunk) - Related party transactions (Note 27): Total remuneration for key management personnel was **HKD 16.3 million**; the Group paid **HKD 0.6 million** in rent to a company controlled by Director Ms. Chan Yuen Shan for director's accommodation[322](index=322&type=chunk)[323](index=323&type=chunk) [Particulars of Investment Properties](index=109&type=section&id=Particulars%20of%20Investment%20Properties) This section lists details of the Group's investment properties, including shops, offices, and warehouses in Kowloon and New Territories, Hong Kong, specifying their current use, lease terms (all medium-term), and the Group's 100% ownership interest - The Group holds three investment properties, all located in Hong Kong, used for leasing as shops, offices, and warehouses, all under medium-term leases with **100%** Group ownership[337](index=337&type=chunk)

Financial Performance - The company's revenue for the fiscal year ending March 31, 2025, was HKD 2,049,385,000, representing a 20.6% increase from HKD 1,699,491,000 in the previous year[3] - Gross profit for the same period was HKD 81,259,000, up from HKD 67,672,000, indicating a gross margin improvement[3] - The net loss for the year was HKD 36,223,000, a reduction from a net loss of HKD 49,850,000 in the prior year, reflecting a 27.5% improvement[4] - Basic and diluted loss per share decreased to HKD 4.36 from HKD 6.00, showing a positive trend in loss reduction[4] - The company reported a total comprehensive loss of HKD 41,002,000 for the year, compared to HKD 60,826,000 in the previous year, marking a 32.5% improvement[5] - The pre-tax loss for 2025 was HKD 34,168,000, an improvement from a loss of HKD 45,806,000 in 2024, indicating a reduction of about 25.5%[15] - The basic loss per share improved to HKD 4.36 in 2025 from HKD 6.00 in 2024, a reduction of about 27.7%[20] Assets and Liabilities - Total assets decreased to HKD 790,149,000 from HKD 832,321,000, indicating a decline of approximately 5.1%[6] - The total assets in Hong Kong decreased to HKD 497,866,000 in 2025 from HKD 541,675,000 in 2024, a decline of about 8.0%[14] - Non-current assets decreased to HKD 165,241,000 from HKD 181,605,000, a decline of approximately 9.0%[6] - The total liabilities in China decreased to HKD 5,985,000 in 2025 from HKD 4,149,000 in 2024, an increase of approximately 43.8%[14] Cash Flow and Financing - The company's cash and cash equivalents decreased to HKD 219,662,000 from HKD 264,579,000, a decline of about 17.0%[6] - The cash and cash equivalents at the end of 2025 were HKD 219,662,000, down from HKD 264,579,000 in 2024, a decrease of approximately 17.0%[13] - As of March 31, 2025, the group had unrestricted cash and bank balances of approximately HKD 220 million, down from HKD 265 million in 2024, while bank borrowings increased to HKD 7.71 million from HKD 5.48 million[46] - The capital-to-equity ratio as of March 31, 2025, was 1.88%, compared to 1.70% in 2024, indicating a slight increase in leverage[46] - The current ratio as of March 31, 2025, was 1,984%, down from 2,144% in 2024, reflecting a decrease in liquidity[46] Operational Highlights - The company continues to focus on trading metals and providing consulting services, with operations primarily in Hong Kong and mainland China[8] - Total sales volume reached approximately 85,100 tons, reflecting a 10.8% increase from about 76,800 tons in the comparative period, driven by enhanced industrial demand in mainland China[27] - The group aims to expand its business in Southeast Asia and mainland China, leveraging rising industrial demand and enhancing local customer relationships[34] - The group plans to enhance its expansion efforts to seize emerging opportunities in Southeast Asia, leveraging strong R&D capabilities to develop high-value specialty metals[41] Sustainability and Corporate Responsibility - The group is committed to promoting responsible sourcing and sustainable manufacturing practices, utilizing AI and automation to optimize production processes[33] - The group has achieved a 66% reduction in emissions compared to the baseline year of 2018/19, receiving multiple low-carbon care labels for its efforts[38] Employee and Administrative Costs - Employee costs, including directors' remuneration, amounted to approximately HKD 66.5 million for the fiscal year, compared to HKD 64.6 million in 2024[48] - Administrative expenses totaled approximately HKD 92,100,000, up from HKD 86,400,000 in the previous period[28] - The group employs approximately 190 employees as of March 31, 2025, an increase from 180 employees in 2024[48] Dividends and Shareholder Returns - The company did not recommend a final dividend for the year ending March 31, 2025, consistent with the previous year[18] - The group does not recommend the distribution of a final dividend for the fiscal year[43] Market Risks - The group’s foreign exchange risk primarily arises from fluctuations in the exchange rates between HKD and USD, as well as RMB[47] Outlook - The outlook for the new fiscal year includes cautious and pragmatic strategies to ensure sustainable business growth amid global economic fluctuations and geopolitical tensions[39] - The group will actively seek opportunities to expand into new business areas while supporting advancements in the metals industry and enhancing social welfare[42]

利記控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二五 年五月二十三日（星期五）舉行董事會會議，藉以（其中包括）批准本公司及其附屬 公司截至二零二五年三月三十一日止年度之全年業績及考慮派發股息（如有）。 承董事會命 利記控股有限公司 主席 陳伯中 香港，二零二五年三月二十七日 於本公告日，本公司之董事為陳伯中先生、陳婉珊女士、陳稼晉先生、陳佩珊女士、 何貴清先生*、戴麟先生*及黃錦輝先生*。 * 獨立非執行董事 香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完整性 亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內容而引致 的任何損失承擔任何責任。 (於開曼群島註冊成立之有限公司) (股份代號: 637) 董事會召開日期 ...