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鹰美(02368) - 2025 - 年度业绩
EAGLE NICEEAGLE NICE(HK:02368)2025-06-11 04:12

Financial Performance - The company's revenue for the fiscal year ending March 31, 2025, increased by 18.0% to HKD 4,807.9 million, compared to HKD 4,074.7 million in the previous year[2] - The gross profit margin decreased from 18.4% to 16.1%, while the net profit margin attributable to shareholders fell from 6.5% to 4.5%[2] - Net profit attributable to shareholders for the year was HKD 217.2 million, a decline of 17.6% from HKD 263.5 million in the previous year[2] - Total comprehensive income for the year was HKD 179.8 million, compared to HKD 187.0 million in the previous year[4] - Total revenue for 2025 reached HKD 4,807,899, an increase of 17.9% from HKD 4,074,668 in 2024[12] - The company reported a net profit of HKD 228,531 for 2025, down 16.0% from HKD 272,033 in 2024[10] - Gross profit increased by HKD 24.0 million (or 3.2%) to HKD 772.7 million, but the gross profit margin decreased from 18.4% to 16.1%[38] - The group recorded a net profit attributable to shareholders of HKD 217.2 million, a decrease of HKD 46.3 million (or 17.6%) from the previous year, with a net profit margin dropping from 6.5% to 4.5%[40] Dividends - The board proposed a final dividend of HKD 0.04 per ordinary share, down from HKD 0.08 in 2024[2] - The proposed final dividend for 2025 is HKD 22,967, a decrease from HKD 42,704 in 2024, reflecting a reduction in shareholder returns[22] - The board proposed a final dividend of HKD 0.04 per share, down from HKD 0.08 the previous year, resulting in a total dividend payout of HKD 0.26 per share compared to HKD 0.38 the previous year[40] - Proposed final dividend of HKD 0.04 per share for the year ending March 31, 2025, compared to HKD 0.08 in 2024, resulting in a total dividend of HKD 0.26 per share for the year, down from HKD 0.38 in the previous year[49] Assets and Liabilities - Non-current assets increased to HKD 2,012.0 million from HKD 1,518.2 million, driven by higher property, plant, and equipment[5] - Current assets rose to HKD 1,962.0 million from HKD 1,652.3 million, with inventory increasing to HKD 962.6 million from HKD 704.9 million[5] - Current liabilities increased significantly to HKD 1,913.8 million from HKD 1,211.2 million, primarily due to a rise in interest-bearing bank loans[5] - The company's total equity increased to HKD 1,824.1 million from HKD 1,634.4 million, reflecting growth in reserves[6] - As of March 31, 2025, the company's bank loans amounted to HKD 1,447.5 million, up from HKD 909.5 million the previous year[26] - The company’s bank loans due within one year increased to HKD 1,307.5 million from HKD 651.1 million year-on-year[27] - As of March 31, 2025, the group had cash and bank balances of HKD 387.4 million, down from HKD 490.1 million the previous year, while bank loans increased to HKD 1,953.7 million from HKD 1,486.3 million[41] - The debt ratio as of March 31, 2025, was 58.1%, significantly up from 25.7% the previous year[41] Customer and Revenue Breakdown - Revenue from mainland China was HKD 2,471,254, up 5.9% from HKD 2,332,360 in 2024, while the operating profit decreased to HKD 347,093 from HKD 458,933[10] - Major customers contributed significantly, with Customer A generating HKD 2,821,707 and Customer B HKD 1,050,785 in 2025, representing a 9.2% and 63.2% increase respectively from 2024[13] - Sales to mainland China increased by HKD 138.9 million or 6.0% to HKD 2,471.3 million, while the sales ratio from mainland China decreased from 57.2% to 51.4%[36] - Total sales in the European and American markets increased by HKD 378.3 million or 31.1% to HKD 1,595.2 million, raising their share of total sales from 29.9% to 33.2%[36] Operational Changes and Strategy - The company has restructured its operating segments to enhance management oversight, now reporting six segments including Mainland China and the United States[9] - The company’s strategic focus includes enhancing production capabilities in Southeast Asia and investing in technology upgrades to respond to market changes[34] - The group has ten production bases strategically located in mainland China and Southeast Asia, with a focus on developing high-end products and optimizing production technology to reduce labor costs[37] - The group aims to optimize global supply chain configurations and strictly control capital expenditures in response to changing international economic conditions[46] Employee and Expenses - The total employee benefits expense rose to HKD 1,233,545 in 2025, an increase of 17.2% from HKD 1,052,636 in 2024[16] - The group's sales and distribution expenses rose by HKD 11.8 million (or 42.3%), while administrative expenses increased by HKD 48.4 million (or 15.7%) due to higher employee compensation and hiring[39] - Employee benefits expenses totaled HKD 1,233.5 million, an increase from HKD 1,052.6 million the previous year, with approximately 18,800 employees as of March 31, 2025[47] Governance and Compliance - The company has adhered to the corporate governance code, with a change in the roles of Chairman and CEO effective September 2, 2024, ensuring separation of these roles[52] - The audit committee reviewed the accounting principles and practices, including the consolidated financial statements for the year ending March 31, 2025[56] - The independent auditor has confirmed that the figures in the preliminary announcement align with the draft consolidated financial statements for the year[57] - The annual report for the year ending March 31, 2025, will be sent to shareholders and available on the company's website[58] Meeting and Registration - The annual general meeting is scheduled for August 8, 2025, with a suspension of shareholder registration from August 4 to August 8, 2025[50] - The company will not process share transfer registrations from August 27 to August 29, 2025, to determine eligibility for the proposed final dividend[51]