Financial Performance - Total revenue for the year ended March 31, 2025, was HKD 12,708,000, a slight decrease of 0.15% from HKD 12,727,000 in the previous year[4] - Gross profit increased to HKD 8,906,000, representing a 9.36% increase from HKD 8,143,000 in the prior year[4] - Profit before tax was HKD 2,063,000, a decrease of 1.20% compared to HKD 2,088,000 in the previous year[4] - Net profit attributable to owners of the company was HKD 2,063,000, up from HKD 2,001,000, reflecting a growth of 3.10%[4] - Basic earnings per share for the year amounted to approximately HKD 2,063,000, resulting in earnings per share of approximately HKD 0.0022, consistent with the previous year[15] - Profit attributable to the owners of the company was approximately HKD 2,000,000, consistent with the previous year's figure[28] Revenue Breakdown - The company reported a significant increase in maintenance service revenue to HKD 9,410,000, up 3.25% from HKD 9,115,000[9] - Core business revenue, including smart card systems and IT services, decreased by 9% to HKD 3,297,845 compared to HKD 3,612,016 in the previous year[29] - Maintenance revenue increased by 3% to HKD 9,409,587 from HKD 9,114,762 in the previous year[29] - Major customer revenue accounted for over 10% of total revenue, with Customer B contributing HKD 8,331,000, up from HKD 7,426,000 in the previous year[10] Assets and Liabilities - Cash and cash equivalents increased to HKD 19,847,000 from HKD 18,570,000, marking a growth of 6.88%[5] - Total assets increased to HKD 23,516,000, up from HKD 22,258,000, indicating a growth of 5.64%[5] - Trade receivables increased to HKD 1,518,000 from HKD 640,000 in the previous year, indicating a significant growth in accounts receivable[16] - The total trade and other payables rose to HKD 3,575,000 from HKD 2,563,000, reflecting an increase in liabilities[18] - The current ratio and cash ratio as of March 31, 2025, were 5.16, down from 5.83 in the previous year, indicating a stable financial position[30] - The group maintained a zero debt-to-equity ratio as of March 31, 2025, consistent with the previous year[32] Expenses and Costs - Research and development costs decreased to HKD 758,000 from HKD 965,000, a reduction of 21.48%[11] - Administrative expenses rose by 2% to HKD 7,757,695, including a 38% decrease in R&D costs to HKD 758,425[29] - Employee costs, including directors' remuneration, were approximately HKD 8,000,000, unchanged from the previous year[35] Dividends and Shareholder Information - The company proposed a final dividend of HKD 0.002 per share, which is subject to approval at the upcoming annual general meeting[14] - The company’s share premium account was approximately HKD 3,581,000 as of March 31, 2025, which will decrease to about HKD 1,730,000 after the proposed dividend payment[20] Taxation and Deferred Tax - The estimated taxable profit for the year is subject to a Hong Kong profits tax rate of 16.5%, with a reduced rate of 8.25% applicable for the first HKD 2 million of estimated taxable profit for a qualifying enterprise[13] - The company has unrecognized deferred tax assets of approximately HKD 16,482,000, down from HKD 18,188,000 in the previous year, indicating a decrease in potential tax benefits[13] Management and Strategy - The management team emphasizes a commitment to innovation and long-term development goals, focusing on core business and professional services[25] - The company plans to maintain a cautious approach in light of uncertainties in the external environment, particularly due to trade tensions affecting the economy[24] - The company acknowledges risks related to insufficient insurance coverage for operational losses, which may impact financial performance[26] Corporate Governance - The company has adopted a code of conduct for securities trading by directors, compliant with GEM Listing Rules from March 31, 2025[44] - The board of directors has not established any insurance arrangements for potential legal risks faced by directors, citing a low likelihood of such risks[43] - The annual performance report will be published on the Hong Kong Stock Exchange and the company's website, containing all applicable information as per GEM Listing Rules[45] Other Information - The company has one operating segment focused on smart card systems, RFID, and IT services, with no significant geographical diversification[10] - The group recorded revenue of approximately HKD 13,000,000 for the year ending March 31, 2025, unchanged from the previous year[28] - The group had no significant capital commitments or contingent liabilities as of March 31, 2025[38] - There were no major investments, acquisitions, or disposals of subsidiaries during the year[37]
ITE HOLDINGS(08092) - 2025 - 年度业绩