Financial Performance - The company's revenue for the year ended March 31, 2025, was RMB 634.6 million, a decrease of RMB 47.7 million or 7.0% compared to the previous year[3]. - The loss attributable to equity holders for the year ended March 31, 2025, was RMB 120.5 million, an increase of RMB 24.8 million or 26.0% from the previous year[3]. - Basic loss per share for the year ended March 31, 2025, was RMB 0.10, up from RMB 0.08 in the previous year[3]. - The company recorded a net operating loss of RMB 45.2 million for the year ended March 31, 2025, compared to a loss of RMB 41.8 million in the previous year[6]. - The company recorded a net loss of approximately RMB 120.5 million for the fiscal year ending March 31, 2025, an increase of about 26.0% compared to a net loss of RMB 95.6 million for the previous fiscal year[38]. - Revenue decreased by approximately 7.0% to RMB 634.6 million for the fiscal year ending March 31, 2025, down from RMB 682.3 million for the previous year[40]. - The company’s gross profit decreased by approximately 12.0% to RMB 71.1 million, with a gross profit margin declining from about 11.8% to 11.2%[42]. Assets and Liabilities - Total assets as of March 31, 2025, amounted to RMB 3,107.2 million, compared to RMB 3,078.0 million as of March 31, 2024[8]. - Total liabilities as of March 31, 2025, were RMB 1,804.8 million, an increase from RMB 1,656.5 million in the previous year[8]. - Non-current assets totaled RMB 1,875.7 million as of March 31, 2025, compared to RMB 1,779.8 million in the previous year[7]. - The total borrowings of the company as of March 31, 2025, amounted to RMB 1,122,625,000, slightly up from RMB 1,095,881,000 in 2024[31]. - The company has trade payables of RMB 317,669,000 as of March 31, 2025, an increase from RMB 290,801,000 in 2024[33]. - As of March 31, 2025, the company's bank and cash balance is approximately RMB 146 million, while total outstanding borrowings amount to RMB 1,108 million, with RMB 602 million due within one year[10]. Dividends and Shareholder Returns - The board of directors has decided not to recommend a final dividend for the year ended March 31, 2025[4]. - The company did not declare or recommend any dividends during the year[23]. - The board has decided not to recommend the payment of a final dividend for the year ended March 31, 2025[58]. Operational Efficiency - Research and development expenses for the year ended March 31, 2025, were RMB 15.4 million, down from RMB 19.4 million in the previous year[6]. - The company aims to accelerate the collection of trade receivables and actively monitor and control operating costs[11]. - The company plans to optimize its customer base and focus on infrastructure and nuclear power projects to enhance overall operating cash flow[10]. - The average service price per ton-meter for tower cranes decreased from RMB 215 to RMB 202, contributing to the revenue decline[40]. - Employee benefit expenses decreased to RMB 78,166,000 in 2025 from RMB 88,517,000 in 2024, indicating a reduction in overall employee costs[22]. - Employee benefit expenses totaled RMB 78.2 million for the year ended March 31, 2025, a decrease of 11.7% compared to RMB 88.5 million for the year ended March 31, 2024, mainly due to a reduction in the number of employees[61]. Financing and Borrowings - The company has committed and undrawn short-term borrowings of approximately RMB 76 million and long-term borrowings of RMB 60 million to meet operational and capital investment needs[10]. - The company expects to successfully arrange sufficient borrowing financing to meet its business and capital investment requirements[10]. - The company has secured bank borrowings of RMB 413,609,000 and unsecured borrowings of RMB 32,686,000 as of March 31, 2025[31]. - The company’s financing costs decreased by approximately 3.4% to RMB 62.3 million, attributed to a reduction in interest rates during the year[47]. Market and Strategic Focus - The company plans to focus on clean energy construction and expand its geographical reach to the Greater Bay Area and Indonesia in response to current market conditions[39]. - The company managed a total of 1,180 tower cranes to meet the demand for EPC projects across China during the fiscal year[37]. Governance and Compliance - The group has established an audit committee to review and supervise the financial reporting process and internal audit functions[69]. - The annual performance announcement has been published on the Hong Kong Stock Exchange website and the company's website[71]. - The annual report for the year ending March 31, 2025, contains all relevant information as required by listing rules[71]. - The board of directors includes both executive and non-executive members, ensuring a diverse governance structure[71]. Employment and Workforce - As of March 31, 2025, the group employed approximately 677 employees, a decrease from 732 employees in 2024[61].
达丰设备(02153) - 2025 - 年度业绩