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公告的內容概不負責，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公告全部或任何部分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。 世大控股有限公司 GREAT WORLD COMPANY HOLDINGS LTD (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8003) 補充公告 有關截至二零二四年三月三十一日止年度之年報 謹此提述世大控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零二四 年三月三十一日（「年報」）。除非另有定義，否則本公告所用詞彙與年報所用者具有相同 涵義。 不發表意見 董事會希望就核數師對截至二零二四年三月三十一日止年度的本集團綜合財務報表所發出具 的不發表意見提供進一步更新資料。 (a) 本公司曾於二零二四年下半年嘗試通過可換股債券及供股方式籌集資金，但未能成功。 根據本公司的市場調查，投資者對本公司可換股債券缺乏興趣，而進行供股的成本亦 過高以致無法推進。 本公司一直積極與金融機構磋商籌資機會。 ...

Financial Performance - The company's total revenue for the year ended March 31, 2025, was HKD 236,429,000, a decrease of 16.9% compared to HKD 284,430,000 for the year ended March 31, 2024[4] - Gross profit for the year was HKD 172,983,000, down 16.7% from HKD 207,729,000 in the previous year[4] - Net profit for the year was HKD 52,315,000, representing a decline of 10.5% from HKD 58,397,000 in the prior year[4] - Basic and diluted earnings per share for the year were HKD 2.30, compared to HKD 2.60 in the previous year, reflecting a decrease of 11.5%[4] - The company's profit before tax for 2025 was HKD 75,955,000, a decrease of 13.4% from HKD 87,718,000 in 2024[27] - The total income tax expense for 2025 was HKD 23,640,000, down from HKD 29,321,000 in 2024, reflecting a 19.4% reduction[27] - The basic earnings per share for 2025 was HKD 0.023, compared to HKD 0.026 in 2024, indicating a decline of 11.5%[30] - The company recorded a net profit of approximately HKD 52.3 million for the year, down from HKD 58.4 million in the previous year, representing a decrease of about 1.9%[55] - Total revenue decreased to approximately HKD 236.4 million, down 16.9% from HKD 284.4 million in the previous year, primarily due to a 17% reduction in the number of burial plots sold[56] - Gross profit decreased to approximately HKD 173 million, down from HKD 207.7 million, reflecting a gross margin of 73.2% compared to 73.0% in the previous year[56] Assets and Liabilities - The company's total assets as of March 31, 2025, were HKD 1,119,562,000, slightly down from HKD 1,127,651,000 in the previous year[6] - Current assets decreased to HKD 560,052,000 from HKD 583,520,000, a decline of 4.0%[6] - The company's cash and cash equivalents were HKD 264,944,000, down from HKD 339,428,000, indicating a decrease of 22.0%[6] - Non-current liabilities totaled HKD 146,097,000, a slight decrease from HKD 148,980,000 in the previous year[7] - Trade receivables at the end of 2025 amounted to HKD 2,444,000, an increase from HKD 1,009,000 in 2024, showing a growth of 142.4%[34] - Trade payables at the end of 2025 were HKD 33,307,000, a decrease of 8.8% from HKD 36,456,000 in 2024[35] Income and Expenses - Sales of burial plots and niches contributed HKD 206,150,000 in 2025, down from HKD 254,494,000 in 2024, representing a decline of 19.0%[22] - Management fee income increased to HKD 8,326,000 in 2025 from HKD 5,144,000 in 2024, reflecting a growth of 61.5%[22] - Total other income decreased to HKD 6,110,000 in 2025 from HKD 8,744,000 in 2024, a decline of 30.0%[22] - Other income decreased by approximately HKD 2.6 million, mainly due to a reduction in bank interest received by about HKD 4.9 million[57] - Selling and distribution expenses decreased to approximately HKD 22.4 million from HKD 37.8 million, attributed to reduced promotional expenses for the cemetery market[58] - Administrative expenses decreased to approximately HKD 79.6 million from HKD 90.3 million, mainly due to lower wages and maintenance costs[59] Dividends - The company declared an interim dividend of HKD 0.5 per share for 2025, down from HKD 0.8 per share in 2024, representing a 37.5% decrease[28] - The company proposed a final dividend of HKD 0.011 per share, down from HKD 0.013 per share in the previous year, resulting in a total dividend of HKD 0.016 per share for the year[73] - The proposed final dividend is subject to approval at the upcoming annual general meeting, with the record date for dividend entitlement on September 12, 2025[74] Regulatory and Reporting Standards - The company has adopted revised Hong Kong Financial Reporting Standards, which did not have a significant impact on its financial statements[9] - The group is currently assessing the impact of the new Hong Kong Financial Reporting Standards on its consolidated financial statements, expected to affect the presentation of the income statement and future disclosures[15] - The application of the 2020 amendments to the classification of liabilities as current or non-current did not have a significant impact on the consolidated financial statements for the year[11] - The group plans to apply all other amendments to the Hong Kong Financial Reporting Standards that are expected to be effective in the foreseeable future, with no significant impact anticipated on the consolidated financial statements[14] - The audit committee, composed entirely of independent non-executive directors, has reviewed the accounting principles and discussed risk management and internal controls[75] - The group's auditor confirmed that the preliminary announcement aligns with the audited financial statements for the year[76] - The annual report containing all required information will be sent to shareholders and published on the stock exchange and the company's website[77] Business Operations and Strategy - The group has a single operating segment, with all revenue and profit derived from the cemetery business in China, with no single customer contributing 10% or more to total revenue[17][20] - The group actively participated in the government's regulatory efforts in the funeral sector, enhancing operational management and service levels across various projects[40] - The integration of technology and culture is a core engine for the group's industry transformation, with projects like the "Smart Life Experience Space" utilizing AI and holographic technology[41] - The group has developed new eco-friendly burial methods, including "water-soluble paper" for memorial services, which received significant social recognition[41] - The group has established a memorial square for martyrs of the Vietnam War, enhancing its brand reputation through patriotic education initiatives[42] - The group emphasizes a people-oriented business philosophy, actively engaging in social responsibility and community charity activities[42] - The group has focused on innovation and collaboration with funeral institutions to enhance service offerings and operational efficiency[43] - The group has improved its project facilities, including updates to monitoring and waste treatment systems, to increase land utilization rates[41] - The group has maintained a steady approach to business amidst geopolitical and economic uncertainties, ensuring operational stability[39] - The company aims to enhance land utilization efficiency and focus on core funeral services, emphasizing the importance of innovation-driven development and the integration of AI and digital technologies[45] - The flagship project, Zhejiang Anxian Garden, integrates cutting-edge technologies such as AI interaction and cloud memorial services, creating a new service model that combines technology and humanity[51] - The company is committed to promoting green funerals and modernizing the industry, aiming to become a benchmark enterprise in the global funeral service sector[52] - The shift in consumer demand towards personalized and customized funeral services is driving significant growth in the industry, supported by cultural heritage and technological advancements[48] - The company plans to further explore brand value and enhance corporate image while expanding its service offerings in the funeral sector[52] - The 2024 "14th Five-Year" plan emphasizes the construction of a green and intelligent funeral system, providing policy support for innovative models like ecological burials and cloud memorials[47] - The company is actively engaging in community life education and social charity activities, receiving strong support from the government and positive feedback from various sectors of society[51]

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公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任 何部分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. 截至2025年3月31日止年度之收益約為808.0百萬港元，較截至2024年3月31 日止年度之收益約為671.9百萬港元增加約20.3%。 2. 截至2025年3月31日止年度之毛利約為42.2百萬港元，而截至2024年3月31日 止年度之毛利則約為41.3百萬港元。 3. 截至2025年3月31日止年度之毛利率約為5.2%，而截至2024年3月31日止年 度之毛利率則約為6.1%。 4. 截至2025年3月31日止年度，本公司擁有人應佔溢利約4.4百萬港元，而截 至2024年3月31日止年度則錄得本公司擁有人應佔溢利約3.7百萬港元。本 公司擁有人應佔淨溢利增加主要是由於以下因素的綜合影響(i)收益增加， 惟本公司仍面對地基及地盤平整市場競爭激烈令定價壓力加劇，對截至 2025年3月31日止年度的毛利率造成不利影響；及(ii)毛利率減少，此乃由 於香港經濟持續疲弱，進一步限制本集團的盈利能力， ...

Financial Performance - Total revenue for the fiscal year ending March 31, 2025, was approximately HKD 51.1 million, an increase of about 11.8% from HKD 45.7 million in the previous fiscal year[25]. - Gross profit increased to approximately HKD 16.0 million, up about 22.1% from HKD 13.1 million in the previous fiscal year, with a gross margin improvement from approximately 28.7% to 31.4%[27]. - Home goods export revenue rose to approximately HKD 46.3 million, an increase from approximately HKD 40.9 million in the previous fiscal year[23]. - E-commerce revenue decreased to approximately HKD 2.8 million, down about 9.7% from HKD 3.1 million in the previous fiscal year[24]. - Revenue from self-branded products increased to approximately HKD 2.0 million, up about 11.1% from HKD 1.8 million in the previous fiscal year[24]. - The company reported a loss attributable to shareholders of approximately HKD 2.35 million for the fiscal year ending March 31, 2025, down from a loss of HKD 7.76 million in the previous fiscal year[15]. - The loss attributable to the company's owners decreased by approximately 70.5% to about HKD 2.3 million from HKD 7.8 million in the previous fiscal year[33]. - Other income increased by approximately HKD 0.6 million to about HKD 1.3 million, mainly due to government grants from the SME Marketing Fund of about HKD 0.8 million[28]. Assets and Liabilities - Total assets as of March 31, 2023, were approximately HKD 36.25 million, a decrease from HKD 43.95 million in the previous year[13]. - Total liabilities decreased to approximately HKD 7.16 million from HKD 8.41 million in the previous year[13]. - As of March 31, 2025, the group's total assets were approximately HKD 23.7 million, down from HKD 26.7 million in the previous fiscal year[35]. - The group's capital debt ratio increased from approximately 1.9% to about 2.5% due to a decrease in total equity[34]. - As of March 31, 2025, the group had cash and bank balances of approximately HKD 11.1 million, down from HKD 13.7 million in the previous fiscal year[34]. Corporate Governance - The board proposed amendments to the company's existing articles of association to align with the latest legal and regulatory requirements[4]. - The proposed amendments include provisions for electronic voting at shareholder meetings and the ability to hold hybrid shareholder meetings[6]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance throughout the year[63]. - The board consists of a balanced mix of executive and independent non-executive directors to maintain high independence[68]. - The company has established a set of conduct rules for directors regarding securities trading, ensuring compliance with GEM listing standards[64]. - The independent non-executive directors bring extensive experience from various industries, contributing to effective oversight[58]. - The company has set up multiple board committees to delegate responsibilities and enhance operational efficiency[65]. - The board has resolved not to recommend any final dividend for the year, consistent with the previous year[49]. Shareholder Engagement - The company will send a circular detailing the proposed amendments to shareholders ahead of the annual general meeting[5]. - The company encourages active participation from shareholders in general meetings, allowing for designated representatives to vote on their behalf if they cannot attend[130]. - The company emphasizes the importance of shareholder feedback and has established multiple channels for communication, including email and postal services[133]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a general meeting to discuss specified matters[123]. - The company has adopted a shareholder communication policy to facilitate electronic communication of financial reports and corporate communications, with printed copies available upon request[128]. Risk Management and Internal Control - The company emphasizes the importance of risk management and internal control systems, which are regularly reviewed by the Audit Committee[94]. - The Risk Management Committee has been established to monitor sanction risks, with a meeting held this year to review the effectiveness of risk management and internal control systems[104]. - The board has acknowledged its responsibility to maintain effective risk management and internal control systems to protect shareholder investments[115]. - The company has appointed an external independent consultant to review the effectiveness and adequacy of its internal control systems this year, with no significant risks identified[115]. Environmental, Social, and Governance (ESG) - The board is committed to implementing environmental, social, and governance (ESG) measures and has identified relevant issues and potential risks related to ESG performance[195]. - The group aims to provide stakeholders with important, reliable, consistent, and comparable ESG data to contribute to a better environment[196]. - The report serves as a communication tool with internal and external stakeholders regarding the group's vision, policies, and measures related to ESG[198]. - The group recognizes the impact of ESG issues on current and future generations and is taking steps to address these challenges[196]. Future Plans and Strategies - The company plans to continue diversifying its product offerings and enhancing product quality to strengthen competitiveness in the market[19]. - The company aims to expand its customer base and market share in existing markets, with a planned allocation of HKD 13.2 million for this purpose[143]. - The company allocated HKD 4.7 million to enhance design and development capabilities, with HKD 2.4 million reallocated for training and retaining sales and marketing teams[144]. - The company has established a contact office in Europe and the US to improve brand recognition, reallocating HKD 7.3 million for this initiative[144]. Board Meetings and Structure - The board held four meetings during the year, with all directors participating in discussions on strategy, operations, and financial performance[79]. - The nomination committee is responsible for reviewing the board's structure and diversity progress at least annually[84]. - The board will rotate one-third of its members at each annual general meeting, ensuring that every director retires at least once every three years[108]. - The board has conducted an annual review of its independence mechanisms and believes they have been properly implemented[76].

（於開曼群島註冊成立的有限公司） （股份代號：1982） 截 至2025年3月31日 止 年 度 的 全 年 業 績 公 告 | 財 | 務 | 摘 | 要 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | 截 | | 至3月31日 | 止 | 年 度 | | | | | | | | | | | | | | | | 2025年 | | 2024年 | | 變 動 | | | | | | | | | | | | 百 | 萬 | 港 元 | | 百 萬 港 | 元 | | | 收 | 益 | | | | | | | | | | | 4,352.1 | | 4,378.9 | | -0.6% | | 毛 | 利 | | | | | | | | | | | 781.8 | | | 774.2 | +1.0% | | 毛 | 利 | 率 | | | | | | | ...

Financial Performance - Revenue for the fiscal year ending March 31, 2025, was HKD 2,594,735, representing a 29% increase from HKD 2,009,545 in the previous year[2] - Profit before tax increased by 52% to HKD 189,625 from HKD 125,142 year-on-year[4] - Net profit attributable to equity holders rose by 53% to HKD 154,386 compared to HKD 100,853 in the prior year[2] - Basic earnings per share increased by 53% to HKD 24.5 from HKD 16.0[4] - Revenue from Mainland China and Hong Kong rose to HKD 1,840,082,000 in 2025, up 27% from HKD 1,449,902,000 in 2024[13] - Operating profit before tax increased to HKD 189,625,000 in 2025, representing a growth of 51.6% compared to HKD 125,142,000 in 2024[13] - The group's revenue from customer contracts reached HKD 2,594,735,000 in 2025, a 29.1% increase from HKD 2,009,545,000 in 2024[18] - International market revenue grew by 37% to HKD 716 million, up from HKD 522 million in the previous year[41] Assets and Liabilities - The total assets value was HKD 4,358,964, a 5% increase from HKD 4,143,750[2] - Total assets for the group increased from HKD 4,143,750,000 in 2024 to HKD 4,358,964,000 in 2025, marking an increase of approximately 5.2%[14] - The group’s liabilities increased from HKD 1,069,681,000 in 2024 to HKD 1,270,592,000 in 2025, an increase of approximately 18.7%[14] - The total net receivables from trade and notes amounted to HKD 1,573,798,000 in 2025, an increase from HKD 1,318,304,000 in 2024[25] - The net current assets stood at HKD 1,997,648, reflecting a 1% increase from HKD 1,985,180[6] - Cash and bank balances decreased to HKD 528,179 from HKD 825,777, indicating a significant reduction[6] - The group had no bank loans as of March 31, 2025, maintaining a net cash balance of HKD 667 million, down HKD 207 million from the previous year[47] Dividends and Shareholder Returns - The company declared a cash dividend of HKD 11.8 per share, up 48% from HKD 8.0 in the previous year[2] - The proposed final dividend is HKD 0.08 per share, compared to HKD 0.05 per share in the previous year, with a total dividend of HKD 0.118 per share for the fiscal year[31] - The company’s dividend payout for the year was HKD 55,487,000, down from HKD 64,945,000 in 2024, with a proposed final dividend of HKD 0.080 per share[24] Operational Highlights - The company launched new product lines including large two-plate injection molding machines and all-electric injection molding machines, catering to sectors like new energy vehicles and 3C electronics[42] - The company achieved a significant breakthrough with a 4,500-ton two-plate machine featuring a pre-melting technology capable of 280 kg injection volume, successfully delivered to overseas clients[42] - The establishment of a digital center aims to enhance decision-making and production efficiency through a unified data platform and process engine[43] - The company initiated the "Empowering Thousands of Industries" program, providing end-to-end solutions for various sectors, enhancing flexible production and refined operations[43] - The new "iChen Smart Family" intelligent production system was launched, offering solutions for smart factory construction and AI-based mold adjustment[44] Market and Economic Environment - The global economic environment remains uncertain, influenced by geopolitical tensions and trade protectionism, impacting the overall business landscape[34] - The company is actively managing market and financial risks amid increasing geopolitical tensions and trade protectionism[36] Corporate Governance and Compliance - The company has complied with all provisions of the corporate governance code, except for the rotation of directors every three years, as the chairman and CEO are not required to do so under Bermuda law[62] - The roles of the chairman and group president are held by the same individual, which the company deems suitable due to the individual's skills and experience[63] - The company has adopted a code of conduct for directors' securities trading, which meets or exceeds the standards set forth in the listing rules[64] - The independent auditor has agreed that the financial figures for the fiscal year ending March 31, 2025, are consistent with the preliminary financial statements[66] - The audit committee has reviewed the consolidated financial statements and discussed internal controls and financial reporting matters[67]

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 本公 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 就因 本 公 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。 Shanghai INT Medical Instruments Co., Ltd. * 上 海 瑛 泰 醫 療 器 械 股 份 有 限 公 司 （ 於中華人民共和國註冊成立的股份有限公司 ） （股份代號：1501） 補充公告 茲提 述上 海瑛泰 醫療器 械股 份有限 公司（「本 公司」）截 至2019年 、2020年、 2021年 、2022年 、 2023 年及 2024年 12月 31 日止 年度 的 年報（「年 報」）。 除另 有 界 定外 ， 本 公 告 所用 詞 彙 與 年報 所 界 定 者 具有 相 同 涵 義 。董 事 會 謹 向本 公司股東及潛在投資者提供進一步資料如下： 支付予監事的薪酬 2019年至2024年支付予監事的薪酬明細如下 ...

Financial Performance - For the fiscal year ending March 31, 2025, the company reported total revenue of HKD 122,223,000, a slight increase of 0.3% from HKD 121,876,000 in the previous year[3]. - The cost of sales for the same period was HKD 81,422,000, up from HKD 78,237,000, reflecting a year-over-year increase of 2.5%[3]. - The company incurred a loss before tax from continuing operations of HKD 12,088,000, compared to a loss of HKD 4,710,000 in the prior year, indicating a significant increase in losses[3]. - The total comprehensive loss for the year was HKD 18,814,000, compared to HKD 14,328,000 in the previous year, representing a 31.5% increase in losses[4]. - Basic and diluted loss per share from continuing and discontinued operations was HKD (1.74), compared to HKD (1.23) in the previous year, indicating a worsening financial position[5]. - The company incurred a total loss of HKD 18,319,000 for the year ended March 31, 2025, compared to a loss of HKD 12,882,000 for the previous year, representing an increase in losses of approximately 42.5%[7]. - Operating profit from continuing operations decreased by approximately HKD 2,838,000 or 6.5% to about HKD 40,801,000 for the year ending March 31, 2025, with the operating profit margin declining from 35.8% to 33.4%[58]. - Loss from continuing operations increased by approximately HKD 7,507,000 or 160.2% to about HKD 12,194,000 for the year ending March 31, 2025[66]. Assets and Liabilities - Non-current assets decreased to HKD 75,583,000 from HKD 93,067,000, a decline of 18.8% year-over-year[6]. - Current assets also decreased to HKD 75,910,000 from HKD 97,080,000, reflecting a decline of 21.7%[6]. - Total liabilities decreased to HKD 32,547,000 from HKD 47,066,000, a reduction of 30.8%[6]. - The company's equity attributable to shareholders decreased to HKD 117,210,000 from HKD 141,234,000, a decline of 16.9%[6]. - The company reported a total equity of HKD 117,210,000 as of March 31, 2025, a decrease from HKD 141,234,000 as of March 31, 2024, reflecting a decline of approximately 16.9%[7]. - The debt-to-equity ratio was approximately 6.8% as of March 31, 2025, compared to 7.5% in 2024[72]. - Bank borrowings decreased to HKD 10,239,000 in 2025 from HKD 14,335,000 in 2024, reflecting a reduction of approximately 29%[40]. Cash Flow and Financing - The company's cash and cash equivalents increased to HKD 48,829,000 from HKD 35,819,000, showing a growth of 36.3%[6]. - The company generated operating cash flow of approximately 310,000 HKD in 2025, a significant improvement from a cash outflow of 5,745,000 HKD in 2024[25]. - Interest expense on bank borrowings decreased to HKD 710,000 in 2025 from HKD 988,000 in 2024, representing a reduction of about 28.1%[21]. - The company reported a total financing cost of 10,000 HKD in 2025, down from 49,000 HKD in 2024, indicating reduced financing expenses[25]. Revenue Breakdown - Revenue from video conferencing and multimedia audio-visual solutions services was HKD 104,866,000 in 2025, compared to HKD 104,613,000 in 2024, indicating a growth of about 0.2%[15]. - Revenue from external customers in Hong Kong was HKD 120,783,000 in 2025, up from HKD 118,622,000 in 2024, reflecting a growth of about 1.8%[20]. - Revenue from continuing operations increased by approximately HKD 347,000 or 0.3% to about HKD 122,223,000 for the year ending March 31, 2025[57]. - Revenue from video conferencing and multimedia solutions accounted for 85.8% of total revenue, while maintenance services contributed 14.2%[56]. Employee and Operational Costs - The company’s total employee costs for 2025 were HKD 33,549,000, slightly down from HKD 34,294,000 in 2024, a decrease of approximately 2.2%[22]. - Employee costs decreased by approximately HKD 745,000 or 2.2% to about HKD 33,549,000 for the year ending March 31, 2025[59]. - Other operating expenses increased by approximately HKD 1,399,000 or 18.0% to about HKD 9,173,000 for the year ending March 31, 2025[63]. Shareholder Information - The company did not declare any dividends for 2025, while it distributed approximately 17,859,000 HKD in dividends for 2024[27]. - The company’s share capital remained unchanged at HKD 10,505,000 as of March 31, 2025, consistent with the previous year[7]. - The total number of issued and fully paid shares remained at 1,050,500 shares as of March 31, 2025[42]. Corporate Governance and Compliance - The group has complied with all relevant laws and regulations, with no significant administrative sanctions or penalties imposed[79]. - The board has adopted corporate governance principles to ensure proper regulation of business activities and decision-making processes[88]. - The audit committee was established on May 11, 2015, to ensure effective risk management and internal control systems are in place[93]. Events and Future Outlook - The company has not applied any new accounting standards that are effective for future periods, indicating stability in accounting practices for the upcoming fiscal year[11]. - The annual general meeting is scheduled for August 8, 2025, with a suspension of share transfer registration from August 5 to August 8, 2025[90]. - No significant events requiring disclosure have occurred since March 31, 2025, up to the date of this announcement[91].

Financial Performance - Total revenue for the fiscal year ending March 31, 2025, was approximately HKD 161.69 million, a decrease of about 10.71% compared to HKD 181.09 million in 2024[2] - Gross profit for the same period was approximately HKD 50.35 million, down approximately 8.03% from HKD 54.74 million in 2024[2] - Operating loss was approximately HKD 4.09 million, significantly reduced by about 89.63% from HKD 39.44 million in 2024[2] - Loss attributable to owners of the company was approximately HKD 6.62 million, a decrease of about 83.45% from HKD 39.98 million in 2024[2] - Basic and diluted loss per share was approximately HKD 0.0118, compared to HKD 0.0714 in 2024[4] - For the fiscal year ending March 31, 2025, the total revenue from external customers was HKD 161,693,000, a decrease of 10.7% from HKD 181,092,000 in the previous year[24] - The revenue from the blood dialysis treatment and consulting services segment was HKD 111,202,000, down 14.2% from HKD 129,556,000 in the prior year[24] - The total operating loss for the fiscal year ending March 31, 2025, was HKD 4,089,000, compared to a loss of HKD 39,438,000 in the previous year[15] - The company reported a pre-tax loss of HKD 5,492,000 for the fiscal year ending March 31, 2025[14] - The loss attributable to the company's owners for the year was approximately HKD 6,616,000, compared to a loss of HKD 39,977,000 in 2024[31] Assets and Liabilities - Total cash and cash equivalents as of March 31, 2025, were approximately HKD 24.08 million, an increase from HKD 18.23 million in 2024[2] - Non-current assets decreased from HKD 58.71 million in 2024 to HKD 50.21 million in 2025[5] - Current assets decreased slightly from HKD 58.39 million in 2024 to HKD 56.61 million in 2025[5] - The total assets as of March 31, 2025, amounted to HKD 106,822,000, a decrease from HKD 117,101,000 as of March 31, 2024[16] - The total liabilities as of March 31, 2025, were HKD 38,189,000, compared to HKD 41,906,000 in the previous year[16] - Trade receivables, net of expected credit loss provisions, were approximately HKD 25,074,000 as of March 31, 2025, down from HKD 37,907,000 in 2024[34] - Trade payables amounted to approximately HKD 6,896,000 as of March 31, 2025, compared to HKD 10,458,000 in 2024[36] - Total equity attributable to owners of the company decreased from HKD 73.49 million in 2024 to HKD 66.88 million in 2025[6] Dividends and Cash Flow - The company did not recommend a final dividend for the fiscal year ending March 31, 2025[2] - The company did not recommend the payment of a final dividend for the year ended March 31, 2025, consistent with the previous year[30] - The total cash and cash equivalents as of March 31, 2025, were approximately HKD 24,083,000, an increase from HKD 18,228,000 in 2024, due to improved trade receivables collection[51] Expenses and Cost Control - Sales and distribution expenses for the year ended March 31, 2025, were approximately HKD 32,041,000, a decrease of about 10.39% compared to HKD 35,758,000 in 2024 due to reduced marketing and logistics costs[44] - Administrative expenses for the year ended March 31, 2025, were approximately HKD 23,745,000, a decrease of about 20.29% from HKD 29,789,000 in 2024, primarily due to lower general office expenses[45] - Financial expenses for the year ended March 31, 2025, were approximately HKD 1,403,000, down about 18% from HKD 1,711,000 in 2024, attributed to reduced interest payments on borrowings[47] - The company implemented cost control measures, which contributed to a reduction in losses in the hemodialysis treatment segment compared to the previous year[41] Corporate Governance - The company has adopted the corporate governance code as its own, with the exception of the separation of roles between the Chairman and the CEO as per code provision C.2.1[67] - As of March 31, 2025, the company will not have a Chairman position, and the current board members will share the responsibilities of the Chairman[68] - Following the resignation of an independent non-executive director on April 30, 2024, the company will strive to fill the vacancy within three months to comply with listing rules[69] - The board currently consists of three independent non-executive directors, with at least one possessing appropriate professional qualifications or expertise in accounting or related financial management[70] - The audit committee held three meetings during the year ending March 31, 2025, to review and discuss the company's financial statements[73] - The remuneration committee has held three meetings during the year ending March 31, 2025, to review the remuneration of executive directors and senior management[78] - The nomination and corporate governance committee is currently chaired by an independent non-executive director and has been established to comply with relevant listing rules[79] - The audit committee is responsible for overseeing the independence and objectivity of external auditors and the effectiveness of audit procedures[74] - The company has adopted the standard code for securities transactions by directors since its listing date on October 11, 2013[71] - The company has received approval to extend the timeline for filling the vacancy of independent non-executive director until September 30, 2024[69] - The Nomination and Corporate Governance Committee held two meetings during the fiscal year ending March 31, 2025[82] Future Outlook - The company expects that the application of new Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements for the foreseeable future[11] - The company has not early adopted any new accounting standards that have been issued but are not yet effective[10] - The company will hold its Annual General Meeting on September 5, 2025, with a suspension of share transfer registration from September 2 to September 5, 2025[84] - The company expresses gratitude to the management team and employees for their efforts in achieving stable development[85] - The board consists of one executive director, one non-executive director, and three independent non-executive directors as of June 20, 2025[87]

Financial Performance - Revenue decreased by 7.9% from HKD 63.0 million for the year ended March 31, 2024, to HKD 58.0 million for the year ended March 31, 2025[11]. - Loss attributable to owners of the company decreased from HKD 15.7 million for the year ended March 31, 2024, to HKD 13.4 million for the year ended March 31, 2025[11]. - Basic loss per share improved from HKD 3.96 for the year ended March 31, 2024, to HKD 2.41 for the year ended March 31, 2025[11]. - The group's gross profit decreased from HKD 5.5 million for the year ended March 31, 2024, to a gross loss of HKD 8.9 million for the year ended March 31, 2025, primarily due to reduced revenue and promotional activities[17]. - Other income fell significantly from HKD 3.8 million for the year ended March 31, 2024, to HKD 0.9 million for the year ended March 31, 2025[18]. - Promotion, sales, and distribution expenses, along with administrative expenses, decreased by 41.0% from HKD 19.5 million in 2024 to HKD 11.5 million in 2025, mainly due to reduced salary and depreciation expenses[20]. - The group reported a total loss attributable to owners of HKD 15.7 million for the year ended March 31, 2024, compared to a loss of HKD 13.4 million for the year ended March 31, 2025[22]. - The current ratio improved from 11.25 in 2024 to 14.60 in 2025, attributed to a greater percentage decrease in current liabilities compared to current assets[24]. - As of March 31, 2025, the group had cash and bank balances totaling HKD 11.5 million, down from HKD 26.5 million in 2024[25]. - The group's debt-to-equity ratio was 1.1% as of March 31, 2025, a decrease from 3.9% in 2024, indicating improved financial stability[25]. Market Trends - The total retail sales value in Hong Kong decreased by 7.3% in March 2025, with total sales volume down by 8.9%[15]. - Online retail sales value for the twelve months ended March 31, 2025, was HKD 31.5 billion, a slight decrease of 0.4% compared to HKD 31.7 billion in 2024[15]. - The sales of red and white wine decreased from HKD 53.8 million for the year ended March 31, 2024, to HKD 48.8 million for the year ended March 31, 2025[16]. - The company aims to expand its customer base and product portfolio to meet diverse customer needs despite changing market trends[12]. - Hong Kong consumers are increasingly favoring premium and craft spirits, with a growing demand for unique and high-quality products, driven by appreciation for craftsmanship and personalized experiences[54]. - The local production of spirits is on the rise, with a significant increase in the number of craft distilleries producing gin, vodka, and whiskey, catering to consumers who value local sourcing[54]. - The interest in high-quality and aged spirits, particularly whiskey, is increasing, with consumers willing to invest in premium aged products, leading to a rise in demand for limited edition whiskeys[54]. - The strong economy and high disposable income levels in Hong Kong contribute to the growth of the spirits market, as consumers are willing to spend more on luxury and quality products[54]. Strategic Initiatives - The company has implemented various strategic sales and marketing activities to adapt to the Hong Kong wine market[12]. - The company is focusing on cost reduction and operational efficiency improvements to maintain long-term development advantages[12]. - The company is actively seeking new business opportunities to diversify its operations and enhance long-term shareholder value[57]. - The company has implemented various strategic sales and marketing activities to expand its customer base and product offerings, ensuring a high-quality product mix to meet diverse customer needs[55]. Shareholder and Corporate Governance - The company did not recommend a final dividend for the year ended March 31, 2025, consistent with the previous year[11]. - The company has established a remuneration committee to review its remuneration policy based on operational performance and individual contributions[91]. - The audit committee is responsible for reviewing the group's financial systems and has three independent non-executive directors[97]. - The company confirms that it maintains the public float required by listing rules as of the report date[98]. - The company has adopted the corporate governance code as per the listing rules Appendix C1, ensuring compliance and enhancing corporate performance[107]. - The board of directors held four meetings during the fiscal year ending March 31, 2025, with all members actively participating[110]. - The board is responsible for overseeing the management and overall performance of the group, focusing on strategy formulation and financial performance monitoring[111]. - The company has established mechanisms to ensure independent opinions on director nomination policies and board diversity policies[114]. - The nomination committee must adhere to the independence criteria set out in Listing Rule 3.13 when nominating independent non-executive directors[115]. - The company is committed to ensuring independent non-executive directors have opportunities to express their independent views to the board[116]. - The chairman and CEO roles are held by the same individual, Zhang Jun Tao, which the board believes provides strong and consistent leadership[117]. - All directors attended the annual general meeting for the year ending March 31, 2025[119]. - Independent non-executive directors must confirm their independence annually according to Listing Rule 3.13, and the board believes they are independent[120]. - The company provides ongoing professional development courses for all directors to enhance their knowledge and skills[123]. Environmental, Social, and Governance (ESG) Initiatives - The company has set goals to minimize environmental impact and enhance ESG awareness among employees, with measures in place to track progress towards these goals[173]. - The group has established a working group to systematically manage environmental, social, and governance (ESG) matters, responsible for data collection and tracking progress towards ESG goals[176]. - The ESG report covers business segments including red wine, white wine, spirits, and related products, excluding the office and warehouse of a divested subsidiary[177]. - The report is prepared according to the Hong Kong Stock Exchange's ESG reporting guidelines, focusing on principles of materiality, quantification, consistency, and balance[178]. - The group emphasizes stakeholder engagement, maintaining communication with investors, employees, customers, and suppliers to align on sustainability expectations[180]. - Key ESG issues identified include greenhouse gas emissions, waste management, energy management, and climate change, among others[186]. - The group confirms the establishment of effective management policies and internal control systems for ESG issues, ensuring compliance with reporting guidelines[186]. - Total greenhouse gas emissions decreased by approximately 84.27% to about 0.76 tons of CO2 equivalent per employee in 2025, compared to 4.83 tons in 2024[195]. - The total amount of non-hazardous waste generated was 137.21 kg in 2025, a reduction from 237.01 kg in 2024, resulting in a density of 9.15 kg per employee[1]. - The total energy consumption in 2025 was 29.82 MWh, significantly reduced from 285.13 MWh in 2024, with a density of 1.99 MWh per employee[1]. - The company has implemented various waste reduction measures, including promoting recycling and using environmentally friendly materials[198]. - The company has adopted practices to optimize resource usage, aiming for higher energy efficiency and reduced material consumption[199].