Financial Performance - For the fiscal year ending March 31, 2025, revenue increased by approximately HKD 4.3 million (1.6%) to approximately HKD 272.3 million compared to HKD 268.0 million for the fiscal year ending March 31, 2024[2] - Gross profit for the fiscal year 2025 decreased by 6.1% to approximately HKD 91.5 million, with a gross margin reduction of 2.7 percentage points to 33.6%[2] - Profit attributable to equity holders increased by 7.8% to approximately HKD 41.7 million, with a slight increase in profit margin of 0.9 percentage points to 15.3%[2] - Earnings per share for the fiscal year 2025 was HKD 3.3, up from HKD 3.0 in the previous fiscal year[2] - The total revenue for the group was HKD 268,024,000, slightly down from HKD 272,312,000 in the previous year, a decrease of about 1.1%[15] - Revenue for personal care appliances reached HKD 253,818,000, an increase from HKD 244,950,000 in the previous year, representing a growth of 3.5%[17] - The total revenue for the group was HKD 272,312,000, compared to HKD 268,024,000 in the previous year, indicating a year-over-year increase of 1.1%[17] - The company's profit attributable to equity holders increased from approximately HKD 38.7 million in FY2024 to about HKD 41.7 million in FY2025, representing a growth of approximately HKD 3.0 million (7.8%) [53] - The group's net profit margin improved from approximately 14.4% to about 15.3%, an increase of approximately 0.9 percentage points [53] Dividends - The board proposed a final dividend of HKD 1.5 per share and a special dividend of HKD 2.0 per share, totaling HKD 3.5 per share, compared to no dividends in the previous fiscal year[2] - The board recommends a final dividend of HKD 0.015 per share and a special dividend of HKD 0.020 per share for the fiscal year ending March 31, 2025, pending shareholder approval[26] Assets and Liabilities - Total assets as of March 31, 2025, amounted to HKD 475,916,000, compared to HKD 497,167,000 as of March 31, 2024, reflecting a decrease of approximately 4.3%[5] - Total liabilities decreased from HKD 61,805,000 in 2024 to HKD 42,836,000 in 2025, representing a reduction of about 30.7%[6] - The company's cash and bank balances were HKD 253,573,000 as of March 31, 2025, down from HKD 317,258,000 in the previous year, indicating a decline of approximately 20.1%[5] - The total equity attributable to shareholders increased from HKD 414,111,000 in 2024 to HKD 454,331,000 in 2025, marking an increase of about 9.7%[6] - The total liabilities to equity ratio improved from 0.15 in 2024 to 0.09 in 2025, indicating a stronger financial position[6] Revenue by Region - Revenue from Japan for the fiscal year ending March 31, 2025, was HKD 172,162,000, compared to HKD 157,515,000 in the previous year, representing an increase of approximately 9.4%[15] - Revenue from the United States increased from HKD 71,252,000 to HKD 92,150,000, reflecting a growth of about 29.3%[15] - Revenue from Europe decreased from HKD 16,492,000 to HKD 11,878,000, indicating a decline of approximately 28.0%[15] Inventory and Receivables - Inventory levels stood at HKD 37,451,000 as of March 31, 2025, compared to HKD 22,888,000 in 2024, reflecting an increase of approximately 63.8%[5] - Trade receivables rose from HKD 41,487,000 in 2024 to HKD 53,619,000 in 2025, representing an increase of about 29.2%[5] - Trade receivables as of March 31, 2025, amount to HKD 41,487,000, down from HKD 53,619,000 in the previous year[27] - The expected credit loss provision for trade receivables is HKD 48,000, compared to HKD 9,000 in the previous year[27] - The inventory balance includes raw materials of HKD 10,695,000 and finished goods of HKD 6,897,000 as of March 31, 2025[24] Expenses - Selling and distribution expenses decreased by approximately HKD 11.3 million (54.1%) to about HKD 9.6 million in FY2025 [49] - Administrative expenses slightly increased by approximately HKD 1.9 million (5.6%) to about HKD 35.8 million in FY2025 [50] - The total employee costs amounted to HKD 58,284,000, an increase from HKD 56,645,000, reflecting a growth of 2.9%[19] Corporate Governance - The company has complied with all corporate governance rules as of the fiscal year 2025, except for the separation of roles between the Chairman and CEO[77] - 李舒野先生 serves as both Chairman and CEO, which the company believes provides strong and stable leadership[77] - The audit committee consists of three independent non-executive directors, and it has reviewed the accounting principles and practices adopted by the group, discussing internal controls and financial reporting matters[89] Shareholder Information - As of March 31, 2025, the beneficial ownership of shares by directors and senior management includes 468,750,000 shares, representing 36.67% of the issued share capital[70] - The beneficial ownership structure indicates significant concentration among a few key shareholders[78] - The company has disclosed no other individuals holding 5% or more of the shares as of March 31, 2025[76] Future Outlook - The company plans to focus on its ODM business and develop new products and customers to seek new opportunities in FY2026 [46] - Management is actively expanding its customer base, particularly by developing non-U.S. customers to mitigate geopolitical risks [44]
科利实业控股(01455) - 2025 - 年度业绩