Workflow
利记(00637) - 2025 - 年度业绩
LEE KEELEE KEE(HK:00637)2025-05-23 09:41

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]