Financial Performance - The company's revenue for the year ended March 31, 2025, was HKD 418,769,000, a decrease of 2.9% compared to HKD 428,077,000 in 2024[5] - Gross profit for the same period was HKD 19,760,000, down 21.5% from HKD 25,192,000 in 2024[5] - The operating loss increased to HKD 4,137,000 from a loss of HKD 1,519,000 in the previous year[5] - The net loss attributable to the owners of the company was HKD 3,976,000, compared to a loss of HKD 1,369,000 in 2024[6] - The basic and diluted loss per share for the year was HKD 1.99, compared to HKD 0.69 in 2024[6] - The total revenue for the fiscal year ending March 31, 2025, was HKD 418,769,000, a decrease of 2.4% from HKD 428,077,000 in 2024[19] - Revenue from the core business of bare-shell decoration was HKD 357,099,000, down from HKD 375,240,000 in the previous year, representing a decline of 4.5%[19] - Revenue from design services increased significantly to HKD 12,295,000, up from HKD 5,201,000, marking an increase of 135.5%[19] - Revenue from maintenance and other services rose to HKD 1,929,000, compared to HKD 973,000, reflecting a growth of 98.5%[19] - The gross profit decreased by 21.6% to HKD 19.8 million for the year ending March 31, 2025, compared to HKD 25.2 million for the previous year[43] - The loss attributable to the company's owners for the year ending March 31, 2025, was HKD 4.0 million, compared to a loss of HKD 1.4 million for the previous year[49] Assets and Liabilities - Total assets as of March 31, 2025, amounted to HKD 281,788,000, an increase from HKD 266,360,000 in 2024[7] - Total liabilities increased to HKD 141,781,000 from HKD 122,376,000, indicating a rise of 15.9%[8] - The company's equity attributable to owners decreased to HKD 132,877,000 from HKD 136,925,000, a decline of 3.0%[8] - Cash and cash equivalents decreased to HKD 103,618,000 from HKD 139,638,000, a decline of 25.8%[7] - Trade receivables increased to HKD 74,958,000 in 2025 from HKD 53,606,000 in 2024, marking an increase of 39.8%[33] - The total trade and warranty receivables, net of impairment losses, amounted to HKD 73,794,000 in 2025, up from HKD 54,550,000 in 2024, an increase of 35.2%[33] - Trade payables rose to HKD 120,658,000 in 2025 from HKD 110,562,000 in 2024, reflecting a growth of 9.8%[36] Expenses and Costs - The total sales and administrative expenses for the year ended March 31, 2025, amounted to HKD 418,231,000, a decrease of 2.9% from HKD 429,536,000 in 2024[25] - Employee costs decreased to HKD 42,959,000 in 2025 from HKD 49,257,000 in 2024, representing a reduction of 13.1%[26] - The net financial income for 2025 was HKD 2,858,000, down from HKD 3,268,000 in 2024, reflecting a decline of 12.5%[25] - The sales cost for the year ending March 31, 2025, was HKD 399.0 million, a decrease of 1.0% from HKD 402.9 million the previous year[42] - The administrative expenses for the year were HKD 19.2 million, a decrease of 27.9% from HKD 26.7 million the previous year[45] Dividends and Shareholder Information - The company did not recommend any final dividend for the year ended March 31, 2025, consistent with the previous year[32] - The company has no plans to declare a final dividend for the year ending March 31, 2025, consistent with the previous year[83] - As of March 31, 2025, the company has a total of 112,500,000 shares owned by Mr. Wang Shicun, representing 56.25% of the issued ordinary shares[74] - Ms. Xu Manyi, as the spouse of Mr. Wang, is also deemed to own 112,500,000 shares, equivalent to 56.25% of the issued ordinary shares[76] - The major shareholder, Shiman Limited, holds 112,500,000 shares, accounting for 56.25% of the company's ordinary shares[78] Corporate Governance and Compliance - The company is committed to high standards of corporate governance, ensuring a balance of power and authority between the board and management[69] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and financial statements for the year ending March 31, 2025[86] - The company has confirmed compliance with the trading standards as per GEM Listing Rules throughout the financial year[73] - No interests or conflicts of interest were reported by directors or controlling shareholders in competing businesses during the year[82] - The company did not purchase, sell, or redeem any of its listed securities during the year[81] - No arrangements were made that would benefit directors or their close associates from acquiring shares or bonds of the company[80] Market Conditions and Future Outlook - The overall vacancy rate for office spaces in Hong Kong rose to 13.7% by the end of March 2025, with Kowloon East's vacancy rate increasing from 18.6% to 21.3%[71] - Central's vacancy rate slightly decreased from 11.6% to 11.5%, while the vacancy rates in Wan Chai/Causeway Bay and Tsim Sha Tsui improved to 9.5% and 8.3% respectively[71] - The overall rental rates in Hong Kong have recorded a decline for three consecutive months, with significant adjustments in traditional Grade A office rents in Central[72] - The group aims to enhance service quality and adapt flexibly to market changes to capture a larger market share[72] - The group plans to strengthen cost control and optimize subcontractor portfolios to improve profitability while providing higher quality decoration solutions[72] - The company continues to focus on providing interior decoration solutions primarily in Hong Kong and China, with a single operating segment approach[20] Other Information - The company has not held any treasury shares as of March 31, 2025[81] - The 2025 annual report will be sent to shareholders and published on the company's website at an appropriate time[87] - The announcement will be published on the Hong Kong Stock Exchange website for at least 7 days from the date of publication[89]
庄皇集团公司(08501) - 2025 - 年度业绩