Financial Performance - The group's revenue decreased from approximately HKD 52.0 million for the year ended March 31, 2024, to approximately HKD 47.6 million for the year ended March 31, 2025, representing a decline of 8.5%[13]. - The company recorded a loss attributable to owners of approximately HKD 9.6 million for the year ended March 31, 2025, compared to a profit of approximately HKD 0.6 million for the year ended March 31, 2024[13]. - The group's gross profit decreased by approximately 25.0% from approximately HKD 23.8 million to approximately HKD 17.8 million, mainly due to a decline in revenue and gross profit margin[57]. - Administrative expenses increased by approximately 17.0% from approximately HKD 22.3 million to approximately HKD 26.1 million, primarily due to increased costs for employee retention and overseas business expansion[60]. - The net cash used in operating activities increased to approximately HKD 3.2 million for the year ended March 31, 2025, compared to approximately HKD 0.3 million for the year ended March 31, 2024[62]. - As of March 31, 2025, the group's cash and bank balances were approximately HKD 11.9 million, a decrease of approximately HKD 2.3 million from HKD 14.2 million as of March 31, 2024[63]. - The debt-to-equity ratio as of March 31, 2025, was approximately 29.5%, compared to 23.4% in 2024[67]. - The company has maintained a prudent financial management approach, ensuring a stable liquidity position throughout the year[69]. - The company has not reported any significant events after the reporting period as of the report date[100]. - The company has not declared any final dividends for the fiscal year ending March 31, 2025[104]. Revenue Breakdown - For the fiscal year ending March 31, 2025, the group's revenue contributions from its four business segments were approximately 63.5% from green building certification consulting, 17.5% from sustainable development and environmental consulting, 7.2% from acoustic, noise, and vibration control consulting, and 11.8% from ESG reporting and consulting services[40]. - Revenue from green building certification consulting decreased by 9.6% from approximately HKD 33.4 million to approximately HKD 30.2 million, primarily due to project delays caused by current market conditions[54]. - Revenue from sustainable development and environmental consulting dropped by 19.5% from approximately HKD 10.4 million to approximately HKD 8.3 million, mainly due to a decrease in average fees for new contracts[54]. - Revenue from environmental, social, and governance (ESG) reporting and consulting increased by approximately 44.7% from approximately HKD 3.9 million to approximately HKD 5.6 million, attributed to an increase in the number of new contracts awarded[55]. Sustainability Initiatives - The company has set a science-based target to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, with a commitment to achieve net-zero emissions by 2044[21]. - The company aims to integrate climate-related risks into its business strategy using the LEAP methodology, ensuring that natural factors are included in decision-making processes[17]. - The company is collaborating with the World Green Building Council to provide net-zero solutions in real estate development and management[21]. - The company is committed to aligning its sustainability reporting with the ISSB's climate-related disclosure standards, enhancing transparency in its climate-related risks and opportunities[22]. - The company has established a net-zero roadmap to transition towards a low-carbon economy, with specific short-term and long-term targets[21]. - The group aims to respond to the Hong Kong government's commitment to achieve carbon neutrality by 2050 and is enhancing its sustainable development strategies in line with the latest climate disclosure regulations from the stock exchange[33]. - The group is committed to enhancing public awareness of environmental and climate issues through its sustainable development initiatives and low-carbon building construction[35]. Market Expansion and Partnerships - The company is actively expanding its overseas market presence, particularly in Southeast Asia and the Middle East, through strategic partnerships and diverse service offerings[23]. - The company signed a total of 9 non-binding cooperation agreements with businesses from the UAE, Malaysia, Vietnam, Indonesia, Singapore, and Hong Kong to promote business cooperation under the Belt and Road Initiative[24]. - The group is actively deepening collaboration with countries along the Belt and Road Initiative, providing consulting, education, green financing, and green technology services to promote multilateral cooperation[35]. - The company has expanded its business into the Malaysian green building and ESG market, establishing an office in Kuala Lumpur in the second half of 2022[73]. Corporate Governance and Management - The board decided not to declare any final dividend for the year ended March 31, 2025 (2024: none)[65]. - The company has established a Responsible Investment Committee in February 2022 to integrate ESG factors into investment planning, ensuring responsible investment principles are embedded throughout decision-making processes[30]. - The company has adopted a dividend policy to enhance transparency, with the declaration of dividends subject to the board's discretion[111]. - The board of directors has no interests in any competing businesses as of the fiscal year ending March 31, 2025[109]. - The company has established service contracts with directors, ensuring compliance with the rotation and re-election provisions[192]. - The company has received independence confirmations from all independent non-executive directors as of March 31, 2025[153]. Employee and Training Initiatives - The group has prioritized employee training and development opportunities, including hosting green-themed events and seminars on ESG and sustainable development topics[31]. - The company held 8 training sessions totaling 54 hours, attracting nearly 120 professionals from various industries to enhance ESG reporting quality[48]. - The company has 616 ongoing projects with a total contract value of approximately HKD 257.0 million as of March 31, 2025[54]. - The group had a total of 80 employees as of March 31, 2025, down from 86 in 2024, with compensation policies aligned with current market practices[66]. Awards and Recognition - The company has been recognized with multiple awards for its leadership in climate action and resilience, including the 2023 Hong Kong Environmental Excellence Award[20]. - The group received multiple awards recognizing its leadership in climate action and sustainable development, including the Hong Kong Green Organization Certification and the TVB ESG Award 2024[32]. - The group achieved multiple international green and healthy building certifications, including the highest level of Platinum certification for the Hong Kong International Trade Tower, scoring 120 points, setting an industry benchmark[28]. Investment and Financial Strategy - The company has committed to investing approximately HKD 1,190,000 for a 5% stake in SMAC Computing Company Limited, with HKD 200,000 already paid as a deposit[82]. - The company has revised the allocation of IPO proceeds, with a total of HKD 33,396,000, of which HKD 23,626,000 remains unutilized[91]. - The company plans to allocate HKD 1,700,000 of the unutilized proceeds for general corporate purposes, which was originally intended for acquisitions or establishing subsidiaries in the Chinese market[97]. - The company has revised its investment strategy to diversify its investment portfolio, with HKD 1,030,000 remaining for future investments[99]. Risk Management - The company faces risks related to reliance on project bidding for revenue, which is non-recurring and uncertain[85]. - The company is enhancing its internal professional team to improve bidding capabilities, which may lead to increased operational costs without guaranteed proportional revenue[90]. - The company has a strong focus on risk management and internal control systems to ensure operational effectiveness[190].
沛然环保(08320) - 2025 - 年度业绩