Financial Performance - Total revenue for the year ended March 31, 2025, was HKD 6,538,000, an increase of 22.9% from HKD 5,318,000 in the previous year[4] - The net loss before tax for the year was HKD 5,475,000, a significant improvement compared to a loss of HKD 37,769,000 in the previous year, representing a reduction of 85.5%[4] - Basic and diluted loss per share improved to HKD 1.33 from HKD 9.15, reflecting a substantial decrease in losses[4] - The company reported a pre-tax loss of HKD 5,475,000 for 2025, a decrease from a loss of HKD 37,769,000 in 2024[27] - The net loss attributable to the company's owners was approximately HKD 5.5 million, a significant reduction from last year's loss of approximately HKD 37.8 million[31] Revenue and Income - The total proceeds from the sale of listed securities amounted to HKD 16,402,000, down 44.2% from HKD 29,770,000 in the previous year[4] - The interest income from debt investments measured at amortized cost increased to HKD 5,372,000 in 2025 from HKD 3,702,000 in 2024, representing a growth of 45.1%[18] - The group recorded total proceeds from the sale of listed equity securities of approximately HKD 16.4 million, a decrease of about 44.9% compared to last year's HKD 29.8 million[31] Assets and Liabilities - Non-current assets decreased to HKD 22,657,000 from HKD 39,121,000, a decline of 42.0%[5] - Current assets increased to HKD 138,086,000 from HKD 129,166,000, an increase of 6.9%[5] - The net asset value decreased to HKD 153,387,000 from HKD 158,862,000, a decline of 3.0%[5] - The group's audited consolidated net asset value as of March 31, 2025, was approximately HKD 153.4 million, down from HKD 158.9 million in 2024[31] - The group's debt-to-equity ratio was 4.3% as of March 31, 2025, compared to 3.9% in 2024, reflecting a low leverage level[60] Investments - The company reported a net unrealized loss of HKD 3,185,000 from listed equity investments, compared to a gain of HKD 13,201,000 in the previous year[4] - The fair value of listed equity investments in Hong Kong decreased to HKD 99,604,000 in 2025 from HKD 104,196,000 in 2024[28] - The group's investment portfolio was valued at approximately HKD 148.3 million, consisting of listed and unlisted securities and bonds[33] - Major investments included equity investments in Hui Long Holdings Limited valued at HKD 21.4 million (13.3% of total assets) and bond investments in Jin Hui Hong Kong Limited valued at HKD 17.3 million (10.8% of total assets)[34] Expenses - Administrative expenses decreased to HKD 5,941,000 from HKD 7,141,000, a reduction of 16.8%[4] - The total employee cost for the year was approximately HKD 400,000, a decrease from HKD 700,000 in 2024, primarily due to salary reductions for several employees[64] Dividends and Shareholder Returns - The company did not declare or propose any dividends for the year ending March 31, 2025, consistent with 2024[26] - The board does not recommend the payment of a final dividend for the year[58] Market Conditions and Strategy - The company plans to review its asset structure and business strategy to adapt to economic uncertainties and enhance competitiveness in the scaffolding business[37] - The group anticipates continued challenges and uncertainties in the global market, particularly in developed economies facing high inflation, while maintaining a focus on investment opportunities within the acceptable risk range in the Chinese economy[57] Other Information - The company has not reported any income tax credits for the year, maintaining a consistent tax position[4] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the year[63] - The group did not engage in any share buybacks, purchases, or sales of its own shares during the year[68]
中国投融资(01226) - 2025 - 年度业绩