Financial Performance - Revenue for the year ended March 31, 2025, was RMB 181,683,000, a decrease of 20% compared to RMB 226,877,000 in 2024[2] - Profit before tax decreased by 38% to RMB 53,057,000 from RMB 86,085,000 year-on-year[2] - Net profit attributable to equity holders was RMB 20,207,000, down 50% from RMB 40,069,000 in the previous year[2] - Basic and diluted earnings per share were RMB 4.0, a decline of 50% from RMB 7.9 in 2024[2] - The company reported a total comprehensive income of RMB 20,281,000, down from RMB 39,561,000 in the previous year[8] - The company reported a net financial income of RMB (3,109,000) in 2025, compared to RMB (2,581,000) in 2024, indicating a worsening of financial performance[23] - Basic earnings per share for 2025 were RMB 4.0, down from RMB 7.9 in 2024, reflecting a decrease of 49.4%[31] - The company’s total tax expense for 2025 was RMB 32,850,000, a decrease of 28.7% from RMB 46,016,000 in 2024[26] Asset and Liquidity Position - Total assets decreased to RMB 1,080,029,000 from RMB 1,158,344,000, reflecting a decline in current assets[4] - Cash and bank deposits decreased to RMB 133,118,000 from RMB 175,162,000, indicating a reduction in liquidity[4] - The value of inventory for properties held for sale decreased to RMB 877,961,000 in 2025 from RMB 964,736,000 in 2024, a reduction of 9.0%[5] - The company’s restricted cash balance decreased to RMB 2,566,000 in 2025 from RMB 3,796,000 in 2024, a decline of 32.5%[15] - The company’s other payables and accrued expenses decreased to RMB 35,162,000 in 2025 from RMB 56,912,000 in 2024, a decrease of 38.6%[17] - The total cash and bank deposits decreased to RMB 133,118,000 in 2025 from RMB 175,162,000 in 2024, representing a decline of 24.0%[15] Dividend and Shareholder Returns - The company did not declare a final dividend for the year, compared to a dividend of HKD 0.02 per share in 2024, representing a 100% decrease[2] - The board does not recommend the distribution of a final dividend for the fiscal year 2023/2024, which was previously set at HKD 0.02 per share[54] Development and Market Focus - The company plans to continue its focus on residential property development in Dongguan, Huizhou, and Foshan, maintaining its market presence in these regions[35] - The group is focusing on development in core cities of the Greater Bay Area, emphasizing urban renewal and rural revitalization[39] - The group plans to explore the integration of residential projects with cultural and tourism-related amenities to enhance project attractiveness and sustainability[44] - The outlook for the mainland real estate market indicates a gradual recovery, but rebuilding market confidence will take time[42] Operational Highlights - The Dongguan Jiahui Garden Phase III residential project delivered 13 units, generating revenue of RMB 36,570,000, with an average selling price of approximately RMB 20,200 per square meter[36] - The Dongguan Jiahui Garden Phase IV residential project delivered 59 units, recording revenue of RMB 119,649,000, with an average selling price of approximately RMB 20,600 per square meter[37] - As of March 31, 2025, the group's land reserves were approximately 230,791 square meters, down from 242,494 square meters a year earlier[36] Governance and Compliance - The audit committee has reviewed the financial statements for the year ending March 31, 2025, and confirmed compliance with applicable accounting standards[59] - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal controls[58] - There are no significant contingent liabilities reported as of March 31, 2025[50] - The company has not engaged in any purchase, redemption, or sale of its listed securities during the fiscal year ending March 31, 2025[56] Employee and Stakeholder Relations - The company has an average of approximately 65 employees as of March 31, 2025, with compensation policies including salaries, bonuses, and mandatory social insurance contributions in China[52] - The company has implemented a performance-based bonus system to reward outstanding employees[53] - The company expresses gratitude to all stakeholders, including customers, suppliers, bankers, and shareholders, for their continued support[60]
嘉创地产(02421) - 2025 - 年度业绩