Financial Performance - The company's revenue for the year ended March 31, 2025, was HKD 68,616,000, a decrease of 20% compared to HKD 85,617,000 in 2024[4] - Gross profit for the same period was HKD 38,486,000, down 20.8% from HKD 48,533,000 in the previous year[4] - Operating profit decreased to HKD 10,922,000, representing a decline of 39.5% from HKD 18,082,000 in 2024[4] - Profit attributable to owners of the company was HKD 9,433,000, a decrease of 38.9% compared to HKD 15,455,000 in the prior year[4] - Basic and diluted earnings per share were HKD 0.94, down from HKD 1.55 in 2024, reflecting a decline of 39.4%[4] - The company reported a pre-tax profit of HKD 26,570,000 for 2025, compared to HKD 25,175,000 in 2024, indicating a rise of 5.5%[30] - The company's tax expenses for 2025 were HKD 1,289,000, down from HKD 2,493,000 in 2024, showing a decrease of 48.3%[32] - Profit before tax decreased by approximately HKD 7.2 million or 40.2% to about HKD 10.7 million for the year ending March 31, 2025[56] - Net profit attributable to owners decreased to approximately HKD 9.4 million for the year ending March 31, 2025, down from HKD 15.5 million for the year ending March 31, 2024[57] Revenue Breakdown - Revenue from LED lighting sales was HKD 53,216,000 in 2025, up from HKD 49,501,000 in 2024, representing an increase of 5.5%[29] - Revenue from project consultation and maintenance services increased to HKD 5,308,000 in 2025 from HKD 4,587,000 in 2024, reflecting a growth of 15.7%[29] - Revenue from external customers in China was HKD 43,101,000 in 2025, a significant decline of 30.5% from HKD 61,967,000 in 2024[25] - Revenue from the sale of LED lighting devices increased by approximately 7.5%, from HKD 49.5 million in 2024 to HKD 53.2 million in 2025[44] - Revenue from integrated LED lighting solution services decreased significantly by approximately 70.5%, from HKD 28.8 million in 2024 to HKD 8.5 million in 2025[45] - Revenue from LED lighting system consulting and maintenance services increased by approximately 15.2%, from HKD 4.6 million in 2024 to HKD 5.3 million in 2025[46] Assets and Equity - Non-current assets increased to HKD 16,892,000 from HKD 10,054,000, marking a growth of 68.5%[5] - Current assets decreased to HKD 98,297,000 from HKD 105,913,000, a decline of 7.4%[5] - Total equity increased to HKD 100,361,000 from HKD 91,179,000, an increase of 10.3%[5] - The total non-current assets located in Hong Kong were valued at HKD 7,455,000 in 2025, slightly down from HKD 7,482,000 in 2024[25] - Trade receivables decreased from HKD 4.812 million in 2024 to HKD 3.244 million in 2025, a reduction of approximately 32.6%[38] - Trade and other payables decreased from HKD 11.289 million in 2024 to HKD 8.008 million in 2025, a reduction of approximately 29.3%[40] - Current ratio increased to 7.3 for the year ending March 31, 2025, compared to 4.4 for the year ending March 31, 2024[60] - Cash and bank balances decreased to HKD 88.3 million for the year ending March 31, 2025, down from HKD 91.8 million for the year ending March 31, 2024[63] - Total equity attributable to owners increased to approximately HKD 100.4 million for the year ending March 31, 2025, from HKD 91.2 million for the year ending March 31, 2024[65] Expenses and Costs - Employee benefits expenses, including salaries and wages, totaled HKD 25,562,000 in 2025, an increase from HKD 24,287,000 in 2024, marking a growth of 5.3%[30] - Sales cost decreased by approximately HKD 7.0 million or 18.9% to about HKD 30.1 million for the year ending March 31, 2025, compared to HKD 37.1 million for the year ending March 31, 2024[50] - Gross profit decreased by approximately HKD 10.0 million or 20.6% to about HKD 38.5 million for the year ending March 31, 2025, with a gross margin reduction from approximately 56.7% to 56.1%[51] - Other income and net gains/losses decreased by approximately HKD 0.8 million or 40.0% to about HKD 1.2 million for the year ending March 31, 2025[52] Corporate Governance and Future Plans - The company plans to adopt new or revised Hong Kong Financial Reporting Standards, which are not expected to have a significant impact on performance[18] - The company did not recommend any dividend for the year ending March 31, 2025, consistent with the previous year[37] - The company is committed to becoming a leading LED lighting solutions provider in Asia, focusing on core business enhancement and exploring new business opportunities[81] - The company has adhered to the corporate governance code as per GEM listing rules, with a specific exception regarding the roles of the chairman and CEO[82] - The audit committee has reviewed the annual performance for the year ending March 31, 2025[89] - The company has established a retirement plan for eligible employees in Hong Kong and a pension plan for employees in China[78] - The board of directors includes executive directors Tan Yiming (Chairman and CEO) and Huo Yiwen, as well as independent non-executive directors Li Zhenhong, Xia Yaorong, and Dr. Li Huixin[92] - The announcement will be published on the Hong Kong Stock Exchange website for at least seven days from the date of publication[92] - The company's website will also host the announcement for public access[92] Market and Customer Insights - Approximately 62.8% of the company's sales in the 2024/25 fiscal year were derived from the Chinese market, indicating strong demand from well-known luxury brands[81] - The company plans to continue expanding its customer base through its existing network and is optimistic about the demand for renovations in shopping malls in China[81] - The total amount raised from the IPO was fully utilized as per the designated purposes outlined in the prospectus, totaling HKD 34.7 million[79] - The company has not engaged in any significant securities transactions or repurchases of its listed securities during the reporting period[84] - The company completed the acquisition of two properties in Osaka, Japan, for a total consideration of ¥139,500,000 (approximately HKD 6,835,500) on February 28, 2025[77] - As of March 31, 2025, the company had no significant investments or acquisitions, consistent with the previous year[77]
英马斯集团(08136) - 2025 - 年度业绩