Financial Performance - The company's revenue for the fiscal year 2025 was approximately HKD 46.8 million, a decrease of about 14.8% from HKD 54.9 million in fiscal year 2024[15]. - The net profit after tax for fiscal year 2025 was HKD 0.1 million, down from HKD 1.9 million in fiscal year 2024[9]. - The decline in revenue was primarily attributed to a decrease in trading volume in both over-the-counter and Hong Kong Stock Exchange transactions[16]. - Total revenue for the fiscal year 2025 was approximately HKD 46,824,000, a decrease of about 14.7% compared to HKD 54,866,000 in fiscal year 2024[17]. - Other income increased from HKD 1.4 million in fiscal year 2024 to approximately HKD 1.7 million in fiscal year 2025, representing a growth of about 21.4%[18]. - Profit for the fiscal year 2025 was approximately HKD 132,000, down from HKD 1.9 million in fiscal year 2024, primarily due to the decrease in revenue[22]. Cost Management - Employee costs decreased from approximately HKD 35.2 million in fiscal year 2024 to about HKD 30.4 million in fiscal year 2025, a reduction of approximately 13.6%[19]. - Operating expenses fell from approximately HKD 17.4 million in fiscal year 2024 to about HKD 16.3 million in fiscal year 2025, a decline of approximately 6.3%[20]. - The company aims to control costs while enhancing the necessary technology to provide tailored services to clients[10]. Market Position and Strategy - The company maintained its position as the most active broker in equity derivatives trading for the year 2024, as recognized by the Hong Kong Stock Exchange[10]. - The company has been actively working to increase its market share in Hong Kong despite the challenging market conditions[10]. - The company is focused on expanding its product portfolio and establishing strategic partnerships to drive growth and create value for customers and shareholders[10]. - The company’s business model has shown resilience and adaptability in a complex global economic landscape[9]. Management and Governance - The company has a strong management team with extensive experience in financial markets and risk management[45]. - Liu Mingyang is responsible for overseeing the overall strategy development and financial performance of the group[40]. - Cai Wenhao manages the daily operations and compliance matters of the group[43]. - Wu Yuhui is focused on expanding client accounts in Asia and Europe[45]. - The company has appointed a new non-executive director, Pang Xinyi, who has over 20 years of management experience[48]. - The management team is committed to enhancing operational efficiency and long-term sustainable development[48]. Corporate Governance - The company has adhered to the corporate governance code principles for the fiscal year 2025[65]. - The board of directors is responsible for leading, controlling, and managing the company, ensuring effective operations and growth[66]. - The board composition includes executive directors and independent non-executive directors, ensuring compliance with GEM listing rules[68]. - The company has established mechanisms to ensure independent opinions and advice are available to the board[69]. - The board held a total of 7 meetings in the fiscal year 2025, with all executive directors attending all meetings[78]. - The company has established a higher standard of written guidelines for employees who may possess insider information regarding the company's securities[83]. Risk Management - The board is responsible for risk management and internal control systems, which are reviewed annually for effectiveness[101]. - No significant internal control deficiencies were reported in FY2025, indicating a robust internal control environment[102]. - The company emphasizes effective communication with shareholders and has a policy in place to ensure shareholder concerns are addressed[107]. Environmental, Social, and Governance (ESG) - The ESG report outlines the company's policies and performance in sustainable development and corporate social responsibility for the period from April 1, 2024, to March 31, 2025[114]. - The board is directly responsible for overseeing ESG-related issues and has set multiple ESG performance goals and indicators to be reviewed annually[124]. - The company aims to reduce greenhouse gas emissions and waste generation while improving resource efficiency[129]. - Total hazardous waste generated in FY2025 was 348 grams, with a per-employee hazardous waste generation of 12.89 grams[132]. - The company has set long-term goals for greenhouse gas reduction, waste management, energy conservation, and water resource management[129]. Employee Management - The employee turnover rate for the fiscal year 2025 is 7%, slightly improved from 8% in fiscal year 2024[147]. - The workforce consists of 27 employees, with a gender distribution of 37% female and 63% male[147]. - The company has not recorded any work-related fatalities or lost workdays due to injuries in the past three years, emphasizing its commitment to employee health and safety[154]. Compliance and Legal - The company has complied with all relevant laws and regulations that significantly impact its operations during the fiscal year[169]. - The company has established a data security protocol to protect customer privacy, ensuring compliance with the Personal Data (Privacy) Ordinance and providing privacy training for employees[156]. - The company has implemented a supplier evaluation mechanism to assess various aspects of suppliers, including timely delivery and product quality[161]. Shareholder Relations - The company will hold its annual general meeting on September 5, 2025, with a record date for shareholders set for September 5, 2025[174]. - Shareholders have the right to propose resolutions at the annual general meeting, with voting results published on the company's website and the stock exchange[109].
衍汇亚洲(08210) - 2025 - 年度财报