金融界消息 截至2025年7月31日收盘，星宸科技（301536）报收于57.65元，下跌1.54%，换手率 2.69%，成交量5.02万手，成交金额2.93亿元。 资金流向方面，今日主力资金净流出3879.92万元，占比成交额13.26%。其中，超大单净流出1158.95万 元、占成交额3.96%，大单净流出2720.97万元、占成交额9.3%，中单净流出流出514.40万元、占成交额 1.76%，小单净流入4394.32万元、占成交额15.02%。 星宸科技最新一期业绩显示，截至2025一季报，公司营业总收入6.65亿元、同比增长26.36%，归属净利 润5117.87万元，同比增长0.48%，扣非净利润3986.76万元，同比减少14.03%，流动比率3.135、速动比 率2.397、资产负债率31.50%。 通过天眼查大数据分析，星宸科技股份有限公司共对外投资了9家企业，参与招投标项目13次，知识产 权方面有商标信息8条，专利信息174条，此外企业还拥有行政许可16个。 来源：金融界 天眼查商业履历信息显示，星宸科技股份有限公司，成立于2017年，位于厦门市，是一家以从事软件和 信息技术服务业为主的企 ...

格隆汇7月30日丨星宸科技(301536.SZ)公布，公司于近日收到公司持股5%以上股东昆桥资本股权投资管理(深圳)有限公司－昆桥(深圳)半导体科技产业股权投资基金合伙企业(有限合伙)(简 ...

YUK WING GROUP HOLDINGS LIMITED 煜榮集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：1536) Notes: NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s) (Note 1), Yuk Wing Group Holdings Limited (the "Company") — Notification of publication of Annual Report 2024/25, Circular dated 29 July 2025 containing Notice of Annual General Meeting and Proxy Form (collectively the "Current Corporate Communication") and Environmental, Social and Governance Report ...

Yuk Wing Group Holdings Limited (the "Company") YUK WING GROUP HOLDINGS LIMITED 煜榮集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：1536) NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, — Notice of publication of Annual Report 2024/25, Circular dated 29 July 2025 containing Notice of Annual General Meeting and Proxy Form (collectively the "Current Corporate Communication") and Environmental, Social and Governance Report 2024/25 The English and Chin ...

Yuk Wing Group Holdings Limited 煜榮集團控股有限公司 2024/25 環境、社會及管治報告 環境、社會及管治報告 目錄 | 2 | 方法 | | --- | --- | | 3 | 有關本報告 | | 3 | 報告簡介 | | 3 | 報告範圍及界限 | | 3 | 環境、社會及管治的管治結構 | | 5 | 我們的持份者 | | 5 | 持份者反饋意見 | | 6 | 重要性評估 | | 7 | A. 環境 | | 7 | 概覽 | | 7 | 排放物 | | 7 | 氣體排放 | | 8 | 溫室氣體排放 | | 10 | 有害廢棄物及無害廢棄物 | | 12 | 資源使用 | | 12 | 能源、水及原材料 | | 14 | 包裝材料 | | 14 | 環境及天然資源 | | 15 | 氣候變化 | | 16 | B. 社會 | | 16 | 僱傭及勞工常規 | | 16 | 我們的團隊 | | 18 | 福利及待遇 | | 18 | 童工及強制勞工 | | 18 | 平等機會、多元化及反歧視 | | 19 | 健康與安全 | | 20 | 發展及培訓 | | 22 | ...

為 上 述 公 司（「本 公 司」）每 股 面 值0.1港 元 之 普 通 股 共 股 之 登 記 持 有 人1 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五） 舉 行 的 股 東 週 年 大 會（或 其 任 何 續 會） 之 代 表 委 任 表 格 本 人╱吾 等2 地 址 為 ， 附 註： 個 人 資 料 收 集 聲 明 閣 下 是 自 願 提 供 閣 下 及 閣 下 受 委 代 表 的 姓 名 及 地 址，以 用 於 處 理 就 本 公 司 大 會 有 關 閣 下 受 委 代 表 的 任 命 及 投 票 指 示（「該 等 用 途」）。我 們 可 能 就 與 該 等 用 途 相 關 的 用 途 向 為 本 公 司 提 供 行 政、電 腦 及 其 他 服 務 的 代 理 人、承 辦 商 或 第 三 者 服 務 供 應 商，以 及 其 他 獲 法 例 授 權 而 要 求 取 得 有 關 資 料 的 人 士 或 其 他 與 上 述 所 列 出 的 該 等 用 途 有 關 以 及 需 要 接 收 有 關 資 料 之 人 士 提 供 閣 下 及 閣 下 受 委 代 表 的 姓 名 及 地 址。 閣 下 ...

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 通 告 之 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 通 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 「有 關 期 間」指 由 通 過 本 決 議 案 當 時 至 下 列 最 早 者 止 的 期 間： 「供 股」指 在 董 事 指 定 的 期 間 內，向 於 指 定 記 錄 日 期 名 列 股 東 名 冊 的 本 公 司 任 何 類 別 股 份 持 有 人，按 彼 等 當 時 於 本 公 司 該 等 股 份 的 持 股 比 例 提 出 的 發 售 股 份 建 議（惟 董 事 有 權 就 零 碎 股 權 或 就 任 何 相 關 司 法 權 區 的 法 律 限 制 或 責 任 或 任 何 認 可 監 管 機 構 或 證 券 交 易 所 的 規 定，作 出 其 認 為 必 要 或 適 宜 的 豁 免 或 其 他 安 排）。」 股 東 週 年 大 會 通 告 茲通告煜榮集團控股有限公司（「本公司 ...

此 乃 要 件 請 即 處 理 閣 下 如 對 本 通 函 任 何 方 面 或 應 採 取 之 行 動 有 任 何 疑 問，應 諮 詢 閣 下 的 持 牌 證 券 交 易 商 或 其 他 註 冊 證 券 商、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣 下 如 已 將 名 下 煜 榮 集 團 控 股 有 限 公 司 的 股 份 全 部 售 出 或 轉 讓，應 立 即 將 本 通 函 連 同 隨 附 的 代 表 委 任 表 格 送 交 買 主 或 承 讓 人，或 經 手 買 賣 或 轉 讓 的 銀 行、持 牌 證 券 交 易 商 或 其 他 代 理 商，以 便 轉 交 買 主 或 承 讓 人。 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 通 函 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 就 因 本 通 函 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ...

[Corporate Information](index=2&type=section&id=Corporate%20Information) [Letter from the Board](index=5&type=section&id=Letter%20from%20the%20Board) [Review and Prospects](index=5&type=section&id=Letter%20from%20the%20Board_Review%20and%20Prospects) The Group's annual revenue grew significantly to HK$217.1 million, with net loss narrowing to HK$12.2 million Financial Highlights | Metric | FY2025 | FY2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | **Revenue** | HK$217.1 million | HK$148.2 million | +46.5% | | **Net Loss** | HK$12.2 million | HK$22.6 million | -46.0% | - The increase in revenue was primarily attributable to a higher-than-expected demand for the company's products from an increase in construction works and projects in Hong Kong[13](index=13&type=chunk) - The company maintains a cautious outlook on the local Hong Kong market and will continue to pursue business opportunities in overseas markets[16](index=16&type=chunk)[19](index=19&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=6&type=section&id=Business%20Review) The Group's core business of manufacturing and trading DTH rockdrilling tools constituted 98.1% of total revenue Revenue by Business Segment | Business Segment | Revenue Share (FY2025) | Revenue Share (FY2024) | | :--- | :--- | :--- | | Manufacturing and trading of DTH rockdrilling tools | 98.1% | 92.1% | | Trading of piling and drilling machines and rockdrilling equipment | 1.9% | 7.9% | Revenue by Geographical Market | Region | Revenue (FY2025) | Revenue (FY2024) | Revenue Share (FY2025) | | :--- | :--- | :--- | :--- | | Hong Kong | HK$196.3 million | HK$142.6 million | 90.4% | | China | HK$15.1 million | HK$0.6 million | 7.0% | | Macau | HK$1.7 million | HK$0.5 million | 0.8% | | Germany | HK$1.1 million | HK$1.5 million | 0.5% | | Scandinavia | HK$1.0 million | HK$1.5 million | 0.5% | [Financial Review](index=7&type=section&id=Financial%20Review) Revenue grew 46.5% to HK$217.1 million, while net loss narrowed significantly due to gains on financial assets Key Financial Metrics | Financial Metric | FY2025 | FY2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | **Revenue** | HK$217.1 million | HK$148.2 million | +46.5% | | **Gross Profit** | HK$43.8 million | HK$34.1 million | +28.4% | | **Gross Profit Margin** | 20.2% | 23.0% | -2.8pp | | **Net Loss** | HK$12.2 million | HK$22.6 million | -46.0% | - Other income and losses shifted from a loss of HK$5.0 million last year to a gain of HK$5.3 million, mainly due to a **HK$7.0 million gain from changes in the fair value of financial assets** (compared to a HK$3.1 million loss last year)[34](index=34&type=chunk) - **Selling and distribution expenses** increased by 32.6% to HK$11.4 million, primarily due to higher freight and storage costs associated with increased revenue[37](index=37&type=chunk) - **Administrative expenses** rose by 12.7% to HK$45.3 million, mainly due to increased operating costs[38](index=38&type=chunk) [Strategy and Prospects](index=9&type=section&id=Strategy%20and%20Prospects) The Group remains cautious about the local business environment and will continue to focus on expanding its international presence - The business environment in Hong Kong remains stagnant due to an uncertain economic outlook, leading the Group to adopt a **cautious stance on local business prospects**[44](index=44&type=chunk)[45](index=45&type=chunk) - The Group will continue to explore international markets, expecting **increased revenue contributions from international customers** and actively seeking overseas business opportunities[44](index=44&type=chunk)[45](index=45&type=chunk) [Liquidity and Financial Resources](index=9&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's gearing ratio improved significantly to 9.6%, supported by reduced borrowings and a new share placement Liquidity Position | Metric | As of Mar 31, 2025 | As of Mar 31, 2024 | | :--- | :--- | :--- | | **Cash and cash equivalents** | HK$42.2 million | HK$46.6 million | | **Bank and other borrowings** | HK$13.0 million | HK$23.0 million | | **Gearing ratio** | 9.6% | 21.9% | - In October 2024, the company raised **net proceeds of approximately HK$6.2 million** by placing 76,000,000 new shares at HK$0.085 per share to strengthen its financial position and for general working capital[65](index=65&type=chunk) [Employees and Remuneration Policies](index=12&type=section&id=Employees%20and%20Remuneration%20Policies) The Group's total number of employees increased to approximately 101 as of March 31, 2025 - The number of employees **increased from approximately 88** as of March 31, 2024, to **approximately 101** as of March 31, 2025[70](index=70&type=chunk) [Corporate Governance Report](index=12&type=section&id=Corporate%20Governance%20Report) [Board of Directors and Committees](index=14&type=section&id=Board%20of%20Directors%20and%20Committees) The company deviated from the corporate governance code by not separating the roles of Chairman and Chief Executive Officer - The company **did not comply with code provision C.2.1** of the Corporate Governance Code regarding the separation of the chairman and chief executive roles, with the chairman's functions being performed collectively by the executive directors[73](index=73&type=chunk)[74](index=74&type=chunk) Attendance of Directors | Director's Name | Board | Audit & Compliance Committee | Remuneration Committee | Nomination Committee | General Meeting | | :--- | :--- | :--- | :--- | :--- | :--- | | **Executive Directors** | | | | | | | Ms. Li Ka Lai | 10/10 | N/A | N/A | N/A | 1/1 | | Ms. Wu Lan Ying | 5/6 | N/A | N/A | N/A | 1/1 | | **Independent Non-executive Directors** | | | | | | | Mr. Cheung Sze Man | 7/10 | 3/3 | 1/1 | 2/2 | 1/1 | | Mr. Wong Siu Keung | 7/10 | 3/3 | 1/1 | 2/2 | 1/1 | | Mr. Yiu To Wa | 8/10 | 3/3 | 1/1 | 2/2 | 1/1 | [Risk Management and Internal Controls](index=26&type=section&id=Risk%20Management%20and%20Internal%20Controls) The Group's risk management and internal control systems were deemed effective, with internal audit functions outsourced - The Group has appointed an external independent professional, **BT Corporate Governance Limited (BTCGL)**, to perform the internal audit function and conduct an independent review of its risk management and internal control systems[149](index=149&type=chunk)[152](index=152&type=chunk) - Risk monitoring is conducted through a **"three-lines-of-defense"** corporate governance structure, executed by operational management, the finance team, and the external independent internal auditor[158](index=158&type=chunk) [Biographies of Directors and Senior Management](index=32&type=section&id=Biographies%20of%20Directors%20and%20Senior%20Management) [Directors' Report](index=35&type=section&id=Directors'%20Report) [Business and Financial Summary](index=36&type=section&id=Business%20and%20Financial%20Summary) The Board does not recommend a final dividend for the year ended March 31, 2025, citing key business risks - The Board **does not recommend the payment of a final dividend** for the year ended March 31, 2025[210](index=210&type=chunk) - Key risks and uncertainties faced by the Group include: - Over-concentration of customers and suppliers - Rising raw material prices and labor costs - Decrease in market demand - Failure to appoint a Chairman and a Chief Executive Officer[211](index=211&type=chunk) [Major Customers, Suppliers, and Connected Transactions](index=43&type=section&id=Major%20Customers,%20Suppliers,%20and%20Connected%20Transactions) The Group exhibits significant concentration risk with its top five customers and suppliers Concentration Ratios | Concentration Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | **Revenue share from top five customers** | 56.4% | 55.2% | | **Purchase share from top five suppliers** | 80.9% | 89.2% | - The Group has ongoing property leasing agreements with a connected person, Top Champion Industries Limited, with related rental expenses of approximately **HK$0.828 million** for the year, which is exempt from full reporting requirements under Chapter 14A of the Listing Rules[271](index=271&type=chunk)[278](index=278&type=chunk)[279](index=279&type=chunk)[281](index=281&type=chunk) [Independent Auditor's Report](index=48&type=section&id=Independent%20Auditor's%20Report) [Audit Opinion and Key Audit Matters](index=49&type=section&id=Audit%20Opinion%20and%20Key%20Audit%20Matters) The auditor issued an unqualified opinion, highlighting the impairment assessment of trade receivables as a key audit matter - The auditor issued an **unqualified opinion**, concluding that the consolidated financial statements give a true and fair view of the Group's financial position[305](index=305&type=chunk) - The **impairment assessment of trade receivables** was identified as a key audit matter due to its material impact on the consolidated financial position and the subjective judgment and management estimates involved in the assessment[311](index=311&type=chunk) [Consolidated Financial Statements](index=55&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=56&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group reported a loss for the year of HK$12.2 million on revenue of HK$217.1 million Financial Performance | Item | FY2025 (HK$'000) | FY2024 (HK$'000) | | :--- | :--- | :--- | | **Revenue** | 217,074 | 148,231 | | **Gross Profit** | 43,826 | 34,146 | | **Loss before tax** | (11,949) | (21,328) | | **Loss for the year** | (12,204) | (22,561) | | **Loss attributable to owners of the Company** | (12,524) | (18,674) | | **Basic loss per share (HK cents)** | (3.04) | (4.91) | [Consolidated Statement of Financial Position](index=57&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) The Group's total assets stood at HK$200.4 million, with net assets of HK$144.6 million as of March 31, 2025 Financial Position | Item | Mar 31, 2025 (HK$'000) | Mar 31, 2024 (HK$'000) | | :--- | :--- | :--- | | **Non-current assets** | 14,733 | 15,662 | | **Current assets** | 185,678 | 186,074 | | **Total assets** | 200,411 | 201,736 | | **Current liabilities** | 55,606 | 41,719 | | **Non-current liabilities** | 238 | 7,204 | | **Total liabilities** | 55,844 | 48,923 | | **Net assets** | 144,567 | 152,813 | | **Equity attributable to owners of the Company** | 115,233 | 122,707 | [Consolidated Statement of Cash Flows](index=60&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) The Group generated a net cash inflow of HK$11.5 million from operating activities, a significant turnaround from the prior year Cash Flow Summary | Item | FY2025 (HK$'000) | FY2024 (HK$'000) | | :--- | :--- | :--- | | **Net cash from operating activities** | 11,454 | (7,981) | | **Net cash (used in)/from investing activities** | (6,254) | 297 | | **Net cash used in financing activities** | (7,487) | (9,004) | | **Net decrease in cash and cash equivalents** | (2,287) | (16,688) | | **Cash and cash equivalents at end of year** | 42,174 | 46,616 | [Financial Summary](index=148&type=section&id=Financial%20Summary) Five-Year Financial Summary | Metric (HK$'000) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 217,074 | 148,231 | 157,048 | 141,748 | 106,693 | | **Loss for the year** | (12,204) | (22,561) | (3,576) | (1,475) | (6,537) | | **Total assets** | 200,411 | 201,736 | 231,105 | 232,796 | 239,093 | | **Net assets** | 144,567 | 152,813 | 177,869 | 186,305 | 185,986 | [Definitions](index=149&type=section&id=Definitions)

Financial Performance - The company reported total revenue of HKD 217,074,000 for the fiscal year ending March 31, 2025, representing a 46.5% increase from HKD 148,231,000 in the previous year[2]. - Gross profit for the same period was HKD 43,826,000, up 28.4% from HKD 34,146,000 year-over-year[2]. - The net loss for the fiscal year was HKD 12,204,000, a significant improvement compared to a net loss of HKD 22,561,000 in the prior year, indicating a reduction of 46.0%[3]. - Basic loss per share improved to HKD (3.04) from HKD (4.91) year-over-year, reflecting a 38.1% decrease in loss per share[2]. - The company recorded other income of HKD 2,488,000, down from HKD 3,526,000 in the previous year, a decline of 29.5%[2]. - The group reported total revenue of HKD 217,074,000 for the fiscal year ending March 31, 2025, with segment sales of HKD 212,877,000 from manufacturing and trading of drilling tools and equipment[18]. - The operating profit for the segment was HKD 43,826,000, reflecting a significant contribution to overall performance despite unallocated expenses of HKD 56,659,000[18]. - The group experienced a pre-tax loss of HKD 11,949,000, indicating challenges in managing costs and expenses[18]. - The group recorded a significant pre-tax loss of HKD 21,328,000, suggesting ongoing financial challenges[19]. - The overall financial results reflect a need for strategic adjustments to improve profitability and manage costs effectively[19]. Revenue Breakdown - The group reported revenue of HKD 217,074,000 from the sale of rock drilling tools and HKD 4,197,000 from the sale of piling machines and drilling equipment, totaling HKD 221,271,000 for the year[13]. - The revenue from rock drilling tools increased from HKD 136,542,000 to HKD 212,877,000, representing a growth of approximately 55.8% year-over-year[13]. - The revenue from piling machines and drilling equipment rose from HKD 11,689,000 to HKD 4,197,000, indicating a decline of approximately 64.1% year-over-year[13]. - Revenue from external customers in Hong Kong was approximately HKD 196.3 million, accounting for 90.4% of total revenue, compared to 96.2% in the previous year[40]. - The contribution from the China market significantly increased to HKD 15.1 million, compared to HKD 0.6 million in the previous year[40]. - Revenue from the sale of drilling machines and equipment accounted for approximately 1.9% of total revenue, down from 7.9% in the previous year[42]. - Major customer A contributed HKD 43,366,000 to the revenue, while major customer B contributed HKD 26,211,000, indicating significant reliance on key clients[24]. - The top five customers contributed approximately HKD 122.4 million to revenue, accounting for about 56.4% of total revenue, compared to 55.2% in the previous year[58]. Expenses and Costs - Selling and distribution expenses rose to HKD (11,372,000) from HKD (8,551,000), marking a 32.5% increase[2]. - Administrative expenses increased to HKD (45,287,000) from HKD (40,249,000), reflecting a 12.6% rise[2]. - Total employee costs for 2025 amounted to HKD 26,356,000, down from HKD 29,673,000 in 2024, reflecting a decrease of approximately 11.7%[27]. - Sales and distribution expenses increased by 32.6% to approximately HKD 11.4 million, primarily due to higher transportation and storage costs[48]. - Administrative expenses rose by approximately 12.7% to about HKD 45.3 million, mainly due to increased operating costs[49]. - The company reported a total of HKD 173,248,000 in recognized cost of goods sold, significantly higher than HKD 114,085,000 in the previous year, representing an increase of approximately 52%[27]. Assets and Liabilities - Total assets decreased from HKD 160,017 million in 2024 to HKD 144,805 million in 2025, a decline of approximately 9.5%[4]. - Current assets increased from HKD 186,074 million in 2024 to HKD 185,678 million in 2025, a slight decrease of about 0.2%[4]. - Cash and cash equivalents decreased from HKD 46,616 million in 2024 to HKD 42,174 million in 2025, a decline of approximately 9.5%[4]. - Total liabilities decreased from HKD 41,719 million in 2024 to HKD 55,606 million in 2025, an increase of approximately 33%[4]. - Share capital increased from HKD 38,000 million in 2024 to HKD 45,600 million in 2025, an increase of approximately 20.8%[4]. - Retained earnings decreased from HKD 84,707 million in 2024 to HKD 69,633 million in 2025, a decline of approximately 17.8%[4]. - The total equity decreased from HKD 152,813 million in 2024 to HKD 144,567 million in 2025, a decline of approximately 5.4%[4]. - The asset-to-liability ratio decreased to approximately 9.6% as of March 31, 2025, compared to approximately 21.9% as of March 31, 2024, primarily due to a reduction in borrowings[53]. Strategic Focus and Future Outlook - The company plans to focus on market expansion and new product development in the upcoming fiscal year[2]. - Future guidance indicates a continued emphasis on improving operational efficiency and reducing net losses[2]. - The company plans to continue expanding its international market presence, anticipating increased revenue from international customers[51]. - The company has identified a total of HKD 1,989,000 in inventory provisions for the fiscal year ending March 31, 2024, consistent with the previous year's figures[21]. - The company has adopted and complied with the corporate governance code, except for the provision C.2.1 which requires the roles of Chairman and CEO to be separate[67]. Compliance and Governance - The Audit and Compliance Committee has been established in accordance with the listing rules and consists of three independent non-executive directors[71]. - The company does not recommend the payment of a final dividend for the year[73]. - The financial statements for the year ending March 31, 2025, have been reviewed and are consistent with the preliminary announcement[74]. - The annual performance announcement and the annual report for 2024/2025 will be published on the respective websites[75].