Financial Performance - For the fiscal year ending March 31, 2025, the group's revenue was approximately HKD 46.8 million, a decrease of 14.8% compared to HKD 54.9 million in the fiscal year 2024[16]. - The net profit after tax for the fiscal year 2025 was HKD 0.1 million, down from HKD 1.9 million in the fiscal year 2024[16]. - The company noted a decrease in market activity, which negatively impacted financial performance during the fiscal year 2025[16]. - Revenue from the Hong Kong Stock Exchange accounted for 91.4% of total revenue in fiscal year 2025, amounting to HKD 42.8 million, down from HKD 50.2 million in fiscal year 2024[24]. - Other income increased to approximately HKD 1.7 million in fiscal year 2025, representing a growth of about 21.4% from HKD 1.4 million in fiscal year 2024, primarily due to increased bank interest income[25]. - The company recorded a profit of approximately HKD 132,000 in fiscal year 2025, a significant decrease from HKD 1.9 million in fiscal year 2024, primarily due to the decline in revenue[29]. - The company has not made any changes to its charter documents during the fiscal year 2025[118]. - The company has outlined its financial performance and key indicators in the annual report, specifically in sections 51 to 92[177]. Operational Challenges - The challenging financial environment was attributed to geopolitical tensions, trade wars, sanctions, and regulatory penalties, leading to increased operational risks and costs[16]. - The firm highlighted a decline in liquidity levels and widening bid-ask spreads due to risk-averse behavior among institutional investors and hedge funds[16]. - The company emphasized the resilience and adaptability of its brokerage business despite the complex global economic landscape[16]. Employee and Governance - The group has a total of 27 employees as of March 31, 2025, with compensation policies based on performance and market benchmarks[45]. - The company has a strong focus on corporate governance and operational efficiency, as indicated by the diverse backgrounds of its board members[55][57][61][64]. - The board composition includes both executive and independent non-executive directors, ensuring compliance with GEM listing rules regarding board diversity[75]. - The company has a dedicated compliance officer to oversee regulatory activities and ensure adherence to relevant laws[70]. - The company has implemented a comprehensive training program for employees, requiring licensed representatives to complete at least 5 to 6 hours of continuous professional training annually[155]. Risk Management and Internal Controls - The company has a structured approach to risk management and internal controls, which is regularly reviewed by the board[73]. - The board is responsible for the effectiveness of the risk management and internal control systems, which are designed to manage risks rather than eliminate them[108]. - The company has engaged an external professional firm to provide independent reviews of the risk management and internal control systems, with no significant deficiencies reported in fiscal year 2025[109]. - The board, with the support of the audit committee, reviewed the risk management and internal control systems and deemed them effective and sufficient in fiscal year 2025[110]. Environmental, Social, and Governance (ESG) Initiatives - The board is directly responsible for overseeing ESG-related issues, including setting and reviewing ESG goals and strategies[131]. - The company has set multiple ESG performance targets and indicators, which will be reviewed annually to enhance overall ESG performance[131]. - The total energy consumption for the fiscal year 2025 was 57 MWh, a decrease from 59 MWh in fiscal year 2024, with per employee energy consumption at 2.13 MWh[142]. - The company has set long-term goals for greenhouse gas reduction, waste management, energy conservation, and water resource management to support Hong Kong's Climate Action Blueprint 2050[136]. - Total greenhouse gas emissions for the fiscal year 2025 were 39.12 tons of CO2 equivalent, a decrease of 5.04% from 41.20 tons in fiscal year 2024[151]. Shareholder Communication and Meetings - The annual report will be available for shareholders and can be accessed on the company's website and the Hong Kong Stock Exchange website[4]. - The company will suspend shareholder registration from September 2 to September 5, 2025, to determine voting rights for the annual general meeting[6]. - The company emphasizes effective communication with shareholders to enhance investor relations and ensure transparency in disclosing company information[114]. - The company has established a shareholder communication policy that is regularly reviewed for effectiveness, ensuring shareholder concerns are addressed[114]. Corporate Structure and Compliance - The company operates as an investment holding company, primarily providing brokerage services for professional investors in derivative instruments[174]. - The company has undergone a corporate restructuring to become an investment holding company, with shares listed on GEM since August 27, 2018[173]. - The company has established a non-competition agreement with its controlling shareholders, effective from the listing date until the end of the restricted period[199]. - The company is not aware of any issues regarding compliance with the non-competition agreement for the fiscal year 2025[200].
衍汇亚洲(08210) - 2025 - 年度业绩