Financial Performance - For the nine months ended December 31, 2024, the company reported revenue of HKD 1,828,900, a decrease of 31.4% compared to HKD 2,664,883 for the previous year[4]. - Gross profit for the same period was HKD 68,336, down 31.9% from HKD 100,397[5]. - The company recorded a pre-tax loss of HKD 68,495, which is a 59.7% improvement from a loss of HKD 170,004 in the previous year[5]. - Loss attributable to owners of the company was HKD 61,601, a decrease of 63.6% compared to HKD 169,223 from the previous year[6]. - Basic loss per share was HKD 70.25, down 63.6% from HKD 193.13[6]. - The total comprehensive loss for the period was HKD 188,143,000, which includes a loss of HKD 169,223,000 attributed to owners[9]. - The company reported a net loss attributable to shareholders of HKD 61,601,000 for the nine months ended December 31, 2024, and HKD 169,223,000 for the year ended March 31, 2024, resulting in a basic and diluted loss per share of HKD 70.25 and HKD 193.13 respectively[41]. Assets and Liabilities - Total assets as of December 31, 2024, were HKD 1,414,475, a decrease from HKD 1,869,823 as of March 31, 2024[7]. - Non-current assets totaled HKD 233,051, down from HKD 260,081[7]. - Current assets decreased to HKD 1,181,424 from HKD 1,609,742[7]. - Current liabilities decreased from HKD 1,341,273,000 in March 2024 to HKD 980,848,000 in December 2024, a reduction of approximately 27%[8]. - The company's equity attributable to owners decreased from HKD 502,486,000 in March 2024 to HKD 418,272,000 in December 2024, representing a drop of approximately 17%[9]. - The company's total liabilities and equity decreased from HKD 1,869,823,000 in March 2024 to HKD 1,414,475,000 in December 2024, a decline of about 24%[8]. Cash Flow and Financing - Operating cash flow used amounted to HKD 163,091,000, a significant decrease from the cash generated of HKD 59,392,000 in the previous year[11]. - Cash and cash equivalents decreased by HKD 25,815,000, ending the period at HKD 41,412,000 compared to HKD 68,851,000 at the beginning of the period[12]. - The company’s financing activities generated a net cash inflow of HKD 139,397,000, a turnaround from a net cash outflow of HKD 299,084,000 in the previous year[12]. - The company reported a significant reduction in financing costs, which fell by 48.8% to HKD 26,924 from HKD 52,603[5]. - The company repaid trust receipt loans amounting to HKD 847,633,000 during the nine months, while receiving HKD 719,917,000 from new trust receipt loans[12]. Inventory and Trade Receivables - The company experienced a decrease in inventory by HKD 262,629,000, contrasting with an increase of HKD 206,440,000 in the previous year[11]. - Trade receivables as of December 31, 2024, amounted to HKD 719,934,000, a decrease from HKD 836,007,000 as of March 31, 2024, after deducting credit loss provisions[27]. - The aging analysis of trade receivables shows that amounts overdue over 90 days were HKD 190,746,000 as of December 31, 2024, compared to HKD 230,448,000 as of March 31, 2024[27]. - The net trade receivables balance as of December 31, 2024, was HKD 708,448,000, compared to HKD 816,508,000 as of March 31, 2024[27]. Operational Segments - The industrial segment generated revenue of HKD 493.3 million, down 17.2% from the previous fiscal year, influenced by declines in both exports and domestic demand in China[52]. - The automotive electronics segment reported sales of HKD 490.9 million, a decrease of 38.4%, but the company remains optimistic about long-term investments in this area due to growing demand for new energy vehicles[53]. - The home appliances segment's revenue was HKD 318.2 million, down 28.3%, affected by weak global consumer electronics market and domestic demand slowdown[54]. - The electronic manufacturing services segment saw a revenue drop of 35.7% to HKD 151.7 million, primarily due to ongoing trade tensions impacting export markets[55]. Cost Management - Administrative expenses decreased by 37.9% to HKD 106.5 million, reflecting the company's proactive review and streamlining of its cost structure[64]. - The company recorded a loss attributable to shareholders of HKD 61.6 million for the nine months ended December 31, 2024, a decrease from a loss of HKD 169.2 million in the previous fiscal year, primarily due to reduced foreign exchange losses and lower financing costs[48]. - Inventory impairment significantly reduced to HKD 26.1 million from HKD 83.4 million in the previous fiscal year, as part of the company's active inventory reduction measures[48]. Corporate Governance and Compliance - The company adheres to high standards of corporate governance and has complied with all relevant codes during the nine months ending December 31, 2024[86]. - The independent auditor, Ernst & Young LLP, has reviewed the consolidated financial statements for the nine months ending December 31, 2024[89]. - The board has established an audit committee consisting of four independent non-executive directors to oversee financial reporting and risk management[88]. Future Outlook - The company plans to continue monitoring its financial performance and make necessary adjustments to improve its financial health moving forward[47]. - The company aims to become the preferred platform for small and medium suppliers, enhancing its product and service ecosystem through continuous introduction of quality suppliers[76]. - The company plans to focus on high-growth segments such as automotive electronics, AI, and low-altitude economy, targeting to become a leading player in these niche markets[76].
威雅利(00854) - 2025 - 年度业绩