Financial Performance - For the fiscal year ending March 31, 2025, the company reported total revenue of HKD 39,553,000, an increase from HKD 16,152,000 in the previous year, representing a growth of approximately 144.5%[4] - The cost of sales for the same period was HKD 38,811,000, compared to HKD 15,391,000 in the prior year, resulting in a gross profit of HKD 742,000, slightly down from HKD 761,000[4] - The net loss attributable to the company for the year was HKD 13,410,000, compared to a profit of HKD 6,604,000 in the previous year, marking a significant shift in performance[4] - The total comprehensive income for the year was HKD 7,080,000, a decrease from HKD 13,570,000[6] - The basic and diluted earnings per share were HKD 0.49, compared to a loss of HKD 0.99 in the previous year[6] - The company reported a comprehensive loss attributable to shareholders of (HKD 14,952) compared to (HKD 1,681) in the prior year[8] - The company reported a loss before tax of HKD 13,567 million for the fiscal year ending March 31, 2025, compared to a loss of HKD 5,203 million in the previous year[19] - The company reported a basic and diluted loss per share of HKD 9.88 for 2025, compared to earnings of HKD 4.87 per share in 2024[33] Expenses and Liabilities - The company incurred administrative expenses of HKD 10,727,000, a decrease from HKD 13,928,000 year-over-year, indicating a reduction of approximately 23.5%[4] - Financial costs were reported at HKD 103,000, down from HKD 478,000, reflecting a decrease of about 78.5%[4] - Total current liabilities rose to HKD 17,581,000 from HKD 17,402,000, reflecting increased obligations[7] - The total non-current liabilities were HKD 12,625,000, with a net value of (HKD 14,952) compared to (HKD 1,681) previously[8] - The company's current liabilities included trade and other payables of approximately HKD 16,945,000, resulting in a current ratio of 0.86:1[70] - The group’s total liabilities include amounts payable to directors and employees, totaling HKD 8,585,000[43] Asset Management - Non-current assets totaled HKD 153,000, a decrease from HKD 272,000 year-over-year[7] - Current assets increased to HKD 15,101,000 from HKD 14,752,000, indicating growth in liquidity[7] - Total assets decreased to (HKD 2,327) from (HKD 1,681), indicating a decline in overall asset value[8] - As of March 31, 2025, total trade receivables generated from customer contracts amount to approximately HKD 12,332,000, an increase from HKD 8,498,000 in 2024[38] Impairment and Losses - The company recognized impairment losses on financial assets amounting to HKD 2,126,000, up from HKD 1,066,000, indicating an increase of approximately 99.5%[4] - The company recognized a total impairment loss of HKD 2,001,000 on trade receivables for the fiscal year ending March 31, 2025, compared to HKD 857,000 for the previous year[27] - The company recognized impairment losses of approximately HKD 64,000 and HKD 289,000 for employee loans and amounts receivable from subsidiaries, respectively, for the fiscal year ending March 31, 2025[83] Revenue Sources - The group's revenue for the year includes HKD 3,994,000 from system development services, HKD 239,000 from hardware sales, and HKD 35,320,000 from SMS service fees, totaling HKD 39,553,000[16] - The revenue from SMS service fees increased significantly from HKD 11,247,000 to HKD 35,320,000, representing a growth of approximately 213% year-over-year[16] - Revenue from hardware sales decreased from HKD 929,000 to HKD 239,000, indicating a decline of approximately 74% year-over-year[16] - The group reported that approximately 89% of total revenue during the reporting period came from SMS services, an increase from about 70% in the previous fiscal year[50] Strategic Initiatives - The company plans to focus on market expansion and new product development in the upcoming fiscal year[4] - The company aims to enhance its technological capabilities through ongoing research and development initiatives[4] - The company plans to control administrative costs through various measures, including optimizing human resources and adjusting management salaries[12] - The company plans to diversify its business by extending its expertise in SMS and AI services to value-added services such as marketing or notification voice SMS services, with a contract expected to be signed in the second half of 2025[61] Corporate Governance and Compliance - The audit committee reviewed the group's financial results and confirmed that the financial statements were prepared in accordance with applicable accounting standards and disclosed adequately[88] - The company has adhered to the GEM listing rules and corporate governance principles, with a focus on evaluating potential business and investment opportunities to enhance revenue and growth potential[85] - The independent auditor's report confirms that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2025[90] Market Conditions and Risks - The geopolitical situation remains tense, and the company anticipates a volatile business environment by 2025, leading to a cautious development strategy while diversifying its business[60] - The group does not engage in any hedging activities for foreign exchange risks, which are considered not significant[71] - The group will monitor foreign exchange risks and consider hedging against significant currency risks when necessary[71] Shareholder Information - A loan of HKD 7,450,000 was granted by the controlling shareholder to the company, which is unsecured, interest-free, and due for repayment in July 2025, extended to December 2026[47] - The company raised approximately HKD 100,000,000 through a subscription event, issuing 450,000,000 shares at HKD 0.225 per share, resulting in Happy On Holdings Limited holding about 72.83% of the total issued share capital[62]
量子思维(08050) - 2025 - 年度业绩