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民商创科(01632) - 2025 - 年度业绩
MSCTECHMSCTECH(HK:01632)2025-06-20 14:47

Financial Performance - For the year ended March 31, 2025, the Group reported a revenue of HK$191,000 from the IT solution business, a significant decrease of 97.6% compared to HK$7,952,000 in 2024[5] - The total loss for the year was HK$60,740,000, compared to a loss of HK$35,787,000 in the previous year, indicating an increase in loss of 69.8%[6] - The Group's total comprehensive expense for the year amounted to HK$61,334,000, up from HK$38,744,000 in 2024, reflecting a 58.1% increase[6] - The basic and diluted loss per share from continuing operations was HK$6.21, slightly improved from HK$6.88 in 2024[7] - The loss attributable to shareholders from continuing operations for the year ended March 31, 2025, was HK$56,753,000, compared to a loss of HK$61,430,000 in 2024[54] - The Group's loss attributable to shareholders increased to approximately HK$39.7 million for the year ended March 31, 2025, compared to a loss of approximately HK$35.8 million for the year ended March 31, 2024[134] Expenses and Liabilities - Employee benefit expenses rose to HK$11,295,000, a 167.5% increase from HK$4,230,000 in 2024[5] - Research and development expenses were HK$6,626,000, compared to no expenses reported in the previous year[5] - Total liabilities rose from HK$30,995,000 in 2024 to HK$42,677,000 in 2025, marking an increase of about 37.6%[10] - Current liabilities increased from HK$26,694,000 in 2024 to HK$39,481,000 in 2025, reflecting a growth of approximately 48.0%[10] - The impairment loss on financial assets amounted to HK$23,548,000, while the impairment loss of goodwill was HK$8,807,000[41] - The Group recognized an impairment loss of investment in associates of approximately HK$16.4 million during the year under review[129] Assets and Equity - Cash and cash equivalents increased to HK$22,357,000 from HK$10,490,000, representing a 113.4% increase[9] - Total assets decreased to HK$142,556,000 from HK$163,105,000, a decline of 12.6%[9] - Total equity attributable to shareholders decreased from HK$132,110,000 in 2024 to HK$99,879,000 in 2025, representing a decline of approximately 24.4%[10] - Accumulated losses increased significantly from HK$36,871,000 in 2024 to HK$91,348,000 in 2025, indicating a rise of 147.5%[10] - The total assets of the company as of March 31, 2025, were HK$142,556,000, with segment assets for reportable segments totaling HK$52,859,000[39] Business Operations - The Group commenced its renewable energy technology business during the year ended March 31, 2025, expanding its operational scope[12] - The Company is primarily engaged in trading, IT solutions, and renewable energy technology businesses in the People's Republic of China[12] - The Group's principal businesses include IT solutions, trading, and renewable energy technology, operating primarily in the PRC[86] - The Group aims to provide digital solutions for industrial upgrading and digital marketing to B-end customers, including banks and real estate developers[87] - The Group's IT solution services include business origination, operation support, and customized development services, enhancing customer loyalty and staff welfare[88] Strategic Initiatives - The Group is committed to developing AI products for both C-end and B-end services, leveraging open-source and commercial large models[91] - The Group aims to maintain its existing customer base while increasing market share by promoting e-commerce platform operations and IT solutions outsourcing services[184] - The management is focused on enhancing marketing and customer relationship efforts to broaden the customer base, including financial institutions and state-owned enterprises[186] - The Renewable Energy Technology Business is a strategic initiative to explore opportunities in the green and low-carbon industry[181] - The transition to green methanol aligns with global trends toward sustainable energy solutions and the PRC's carbon neutrality goals[180] Shareholder and Corporate Governance - The Board has resolved not to recommend the payment of any final dividend for the year ended 31 March 2025[193] - The Company is dedicated to good corporate governance to enhance shareholder value[196] - The forthcoming Annual General Meeting is scheduled for 21 August 2025[194] Subsidiaries and Investments - The company established a new subsidiary, 旭科氫醇 (海南) 科技有限公司, to explore opportunities in the Renewable Energy Technology Business[30] - The Group established a non-wholly owned subsidiary, Xuke Qingchun, with a registered capital of RMB50 million, where the Group contributed RMB25.5 million, accounting for 51% of the capital[95] - Minshang Zhihui will become a non-wholly owned subsidiary, with its financial results consolidated into the Group's for the financial year ending March 31, 2026[80] - The Group continues to hold 50% equity interests in Minshang Zhihui, allowing majority control over its board of directors[80] Market Conditions and Future Outlook - The management remains optimistic about the mid to long-term prospects of the trading business despite current challenges[111] - Despite challenges in the global and domestic economy, the Group will strive to maintain and develop its Trading Business while exploring new opportunities[187] - The food and beverage industry in Hong Kong remains challenging, but the management is exploring new opportunities in this sector[188] - The SaaS industry in China has substantial room for expansion as many enterprises shift from hardware to cloud-based infrastructure[184]