Financial Performance - The group's revenue for the fiscal year ending March 31, 2025, was HKD 1,921,768, a decrease of 20% compared to HKD 2,400,137 in the previous year[3]. - Gross profit for the same period was HKD 859,096, down 21.8% from HKD 1,097,911 in the prior year[3]. - The operating profit decreased to HKD 268,489, representing a decline of 36.3% from HKD 421,916 in the previous year[3]. - Net profit attributable to equity shareholders for the year was HKD 198,012, a decrease of 43.6% compared to HKD 350,767 in the previous year[3]. - Basic and diluted earnings per share were 50.4 cents, down from 89.0 cents in the previous year[3]. - Total comprehensive income for the year attributable to equity shareholders was HKD 179,498, down from HKD 328,497 in the previous year[4]. Assets and Liabilities - The group's total assets decreased to HKD 4,313,977 from HKD 4,545,605 in the previous year[5]. - Current liabilities decreased to HKD 1,381,132 from HKD 1,089,620 in the previous year[5]. - The group's cash and bank balances were HKD 3,275,825, down from HKD 3,469,605 in the previous year[5]. - Total reported segment assets were HKD 5,676,718 thousand in 2025, a decrease of 7% from HKD 6,103,376 thousand in 2024[17]. - Total reported segment liabilities decreased to HKD 2,142,907 thousand in 2025, down 15.3% from HKD 2,531,640 thousand in 2024[17]. Revenue by Segment - The group reported a significant decline in revenue from cosmetic and beauty products, which fell to HKD 345,583 from HKD 728,163 in the previous year, a decrease of 52.5%[10]. - Reported segment revenue for luxury goods was HKD 1,806,187 thousand in 2025, down 21% from HKD 2,285,525 thousand in 2024[13]. - Reported segment profit for luxury goods decreased to HKD 138,669 thousand in 2025, a decline of 53.4% from HKD 297,780 thousand in 2024[14]. - Revenue from external customers in Hong Kong was HKD 1,138,546 thousand in 2025, down 29% from HKD 1,603,529 thousand in 2024[18]. - Sales revenue in Hong Kong decreased by 29% due to a shift in consumer confidence and preferences[40]. - In Taiwan, sales revenue decreased by 0.4% in local currency terms, following a 10.5% increase in the previous year[40]. - Retail and e-commerce sales in China grew by 9.2% in local currency as the group integrated its wholesale network while developing its retail network[40]. Expenses and Costs - Interest income for the year 2025 was HKD 83,823 thousand, a decrease of 11.6% from HKD 94,813 thousand in 2024[19]. - Interest expenses on bank loans decreased to HKD 26,931 thousand in 2025 from HKD 48,617 thousand in 2024, a reduction of 44.9%[20]. - Employee costs totaled HKD 261.7 million, down from HKD 306 million in the previous year, with 623 employees as of March 31, 2025[44]. Tax and Dividends - The total income tax expense for the fiscal year ending March 31, 2025, is HKD 30,758,000, compared to HKD 4,606,000 for the previous year, reflecting a significant increase[5]. - The company declared an interim dividend of HKD 39,420,000 for the current year, slightly up from HKD 39,387,000 in the previous year, with no final dividend proposed[23]. - The group will not recommend a final dividend for the fiscal year ending March 31, 2025, due to the ongoing privatization proposal[39]. Investments and Financial Position - The company recognized impairment losses of HKD 1,510 thousand on property, plant, and equipment in 2025, compared to HKD 5,000 thousand in 2024[20]. - The total other financial assets decreased from HKD 1,131,379,000 in 2024 to HKD 1,078,495,000 in 2025, indicating a decline in both non-current and current assets[26]. - Trade receivables decreased significantly from HKD 92,198,000 in 2024 to HKD 47,229,000 in 2025, suggesting improved collection or reduced sales[27]. - Trade payables also decreased from HKD 150,790,000 in 2024 to HKD 107,676,000 in 2025, indicating a reduction in outstanding obligations[29]. - The company repurchased a total of 8,143,500 shares at a total cost of HKD 39,904,080 during the fiscal year, which may enhance earnings per share[31]. - The capital commitments as of March 31, 2025, are HKD 7,386,000, slightly down from HKD 7,698,000 in the previous year, indicating a stable investment outlook[33]. - Deferred tax liabilities for the current year are HKD 157,000, compared to a deferred tax asset of HKD 57,000 in the previous year, reflecting a shift in tax position[5]. - The company’s average number of ordinary shares outstanding decreased from 394,203,000 in 2024 to 392,810,000 in 2025 due to share buybacks[25]. - As of March 31, 2025, the group's net current financial resources amounted to HKD 2.67 billion, unchanged from the previous year[45]. - Cash and bank balances were HKD 3.28 billion, down from HKD 3.47 billion in the previous year[45]. - The current ratio as of March 31, 2025, was 4 times, an increase from 3.3 times the previous year[46]. - The capital to debt ratio was zero times, consistent with the previous year, indicating no net debt[46]. - The group maintained significant non-committed short-term credit facilities with selected international banks for operational flexibility[46]. Governance and Compliance - The company has adhered to the corporate governance code principles and complied with all applicable regulations during the fiscal year[48]. - The audit committee reviewed the group's consolidated final results for the year ending March 31, 2025[49]. - The board of directors includes the group executive chairman and the chief operating officer, among others[50]. Strategic Outlook - The group plans to seek new strategic investments to expand its current business scope, which may require significant investment and impact cash reserves and profit margins[43]. - The group adopts a cautious approach to managing its investment portfolio, achieving a profit of HKD 59.3 million amid ongoing market volatility[41].
迪生创建(00113) - 2025 - 年度业绩