Financial Performance - Total revenue for the fiscal year ending March 31, 2025, was approximately HKD 51.1 million, an increase of about 11.8% from HKD 45.7 million in the previous fiscal year[25]. - Gross profit increased to approximately HKD 16.0 million, up about 22.1% from HKD 13.1 million in the previous fiscal year, with a gross margin improvement from approximately 28.7% to 31.4%[27]. - Home goods export revenue rose to approximately HKD 46.3 million, an increase from approximately HKD 40.9 million in the previous fiscal year[23]. - E-commerce revenue decreased to approximately HKD 2.8 million, down about 9.7% from HKD 3.1 million in the previous fiscal year[24]. - Revenue from self-branded products increased to approximately HKD 2.0 million, up about 11.1% from HKD 1.8 million in the previous fiscal year[24]. - The company reported a loss attributable to shareholders of approximately HKD 2.35 million for the fiscal year ending March 31, 2025, down from a loss of HKD 7.76 million in the previous fiscal year[15]. - The loss attributable to the company's owners decreased by approximately 70.5% to about HKD 2.3 million from HKD 7.8 million in the previous fiscal year[33]. - Other income increased by approximately HKD 0.6 million to about HKD 1.3 million, mainly due to government grants from the SME Marketing Fund of about HKD 0.8 million[28]. Assets and Liabilities - Total assets as of March 31, 2023, were approximately HKD 36.25 million, a decrease from HKD 43.95 million in the previous year[13]. - Total liabilities decreased to approximately HKD 7.16 million from HKD 8.41 million in the previous year[13]. - As of March 31, 2025, the group's total assets were approximately HKD 23.7 million, down from HKD 26.7 million in the previous fiscal year[35]. - The group's capital debt ratio increased from approximately 1.9% to about 2.5% due to a decrease in total equity[34]. - As of March 31, 2025, the group had cash and bank balances of approximately HKD 11.1 million, down from HKD 13.7 million in the previous fiscal year[34]. Corporate Governance - The board proposed amendments to the company's existing articles of association to align with the latest legal and regulatory requirements[4]. - The proposed amendments include provisions for electronic voting at shareholder meetings and the ability to hold hybrid shareholder meetings[6]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance throughout the year[63]. - The board consists of a balanced mix of executive and independent non-executive directors to maintain high independence[68]. - The company has established a set of conduct rules for directors regarding securities trading, ensuring compliance with GEM listing standards[64]. - The independent non-executive directors bring extensive experience from various industries, contributing to effective oversight[58]. - The company has set up multiple board committees to delegate responsibilities and enhance operational efficiency[65]. - The board has resolved not to recommend any final dividend for the year, consistent with the previous year[49]. Shareholder Engagement - The company will send a circular detailing the proposed amendments to shareholders ahead of the annual general meeting[5]. - The company encourages active participation from shareholders in general meetings, allowing for designated representatives to vote on their behalf if they cannot attend[130]. - The company emphasizes the importance of shareholder feedback and has established multiple channels for communication, including email and postal services[133]. - Shareholders holding at least 10% of the paid-up capital have the right to request the board to convene a general meeting to discuss specified matters[123]. - The company has adopted a shareholder communication policy to facilitate electronic communication of financial reports and corporate communications, with printed copies available upon request[128]. Risk Management and Internal Control - The company emphasizes the importance of risk management and internal control systems, which are regularly reviewed by the Audit Committee[94]. - The Risk Management Committee has been established to monitor sanction risks, with a meeting held this year to review the effectiveness of risk management and internal control systems[104]. - The board has acknowledged its responsibility to maintain effective risk management and internal control systems to protect shareholder investments[115]. - The company has appointed an external independent consultant to review the effectiveness and adequacy of its internal control systems this year, with no significant risks identified[115]. Environmental, Social, and Governance (ESG) - The board is committed to implementing environmental, social, and governance (ESG) measures and has identified relevant issues and potential risks related to ESG performance[195]. - The group aims to provide stakeholders with important, reliable, consistent, and comparable ESG data to contribute to a better environment[196]. - The report serves as a communication tool with internal and external stakeholders regarding the group's vision, policies, and measures related to ESG[198]. - The group recognizes the impact of ESG issues on current and future generations and is taking steps to address these challenges[196]. Future Plans and Strategies - The company plans to continue diversifying its product offerings and enhancing product quality to strengthen competitiveness in the market[19]. - The company aims to expand its customer base and market share in existing markets, with a planned allocation of HKD 13.2 million for this purpose[143]. - The company allocated HKD 4.7 million to enhance design and development capabilities, with HKD 2.4 million reallocated for training and retaining sales and marketing teams[144]. - The company has established a contact office in Europe and the US to improve brand recognition, reallocating HKD 7.3 million for this initiative[144]. Board Meetings and Structure - The board held four meetings during the year, with all directors participating in discussions on strategy, operations, and financial performance[79]. - The nomination committee is responsible for reviewing the board's structure and diversity progress at least annually[84]. - The board will rotate one-third of its members at each annual general meeting, ensuring that every director retires at least once every three years[108]. - The board has conducted an annual review of its independence mechanisms and believes they have been properly implemented[76].
舍图控股(08392) - 2025 - 年度业绩