Financial Performance - The total revenue for Kato (Hong Kong) Holdings Limited for the year ended March 31, 2025, was approximately HKD 317.1 million, representing an increase of about 16.9% compared to the previous year[2]. - The profit attributable to the owners of the company for the same period was approximately HKD 21.9 million, a decrease of about 65.9% from the previous year[2]. - The company reported a pre-tax profit of HKD 31.98 million for the year, down from HKD 73.9 million in the previous year[3]. - Basic earnings per share for the year were HKD 2.19, compared to HKD 6.42 in the previous year, reflecting a significant decline[4]. - Total comprehensive income for the year was HKD 19.8 million, down from HKD 91.6 million in the previous year[5]. - The group reported a pre-tax profit of HKD 31,980,000 for the fiscal year ending March 31, 2025, compared to HKD 73,901,000 in the previous year, indicating a decrease of 56.7%[21][22]. - Profit for the year decreased by approximately 67.0% to about HKD 21.1 million from HKD 64.1 million in the previous year[50]. Assets and Liabilities - Non-current assets totaled HKD 716.8 million, a decrease from HKD 763.4 million in the previous year[6]. - Current assets decreased to HKD 92.8 million from HKD 99.9 million in the previous year[6]. - Total liabilities decreased to HKD 367.3 million from HKD 428.8 million in the previous year[7]. - The total assets of the group as of March 31, 2025, amounted to HKD 809,566,000, with non-current assets located in Hong Kong[24]. - The group’s liabilities totaled HKD 367,338,000, with bank borrowings accounting for HKD 207,771,000[24]. - The group’s total liabilities as of March 31, 2025, were HKD 428,774,000, with bank borrowings amounting to HKD 234,314,000[25]. - The group’s net asset value increased to approximately HKD 442.2 million from HKD 434.5 million in the previous year, mainly due to operating profit[51]. - The debt-to-equity ratio decreased to 60.9% from 70.5% in the previous year, due to repayment of bank borrowings during the year[53]. Revenue Breakdown - Revenue from elderly care services was HKD 303,648,000, while the revenue from investment properties was HKD 17,986,000, contributing to the overall revenue[21]. - Revenue from community elderly care services was HKD 11.0 million, representing 3.5% of total revenue, compared to HKD 9.0 million or 3.3% in the previous year[43]. - Revenue from elderly home services amounted to HKD 284.1 million, representing 89.6% of total revenue, an increase from HKD 243.9 million or 90.0% in the previous year[43]. - The group’s rental and management fee income increased to HKD 13.5 million, representing 4.2% of total revenue, up from HKD 8.1 million or 2.9% in the previous year[43]. Dividends - The board has proposed a final dividend of HKD 0.02 per share, subject to approval at the upcoming annual general meeting[2]. - The group declared a final dividend of HKD 20,000,000 for the year ended March 31, 2025, equivalent to HKD 0.02 per share[28]. - The board has proposed a final dividend of HKD 0.02 per share for the year, consistent with the previous year[71]. Employee and Operational Metrics - The group’s employee benefits expenses for the year ended March 31, 2025, were HKD 133,810,000, an increase from HKD 107,656,000 in 2024[26]. - The number of full-time and part-time employees increased to 585 in 2025 from 469 in 2024[63]. - The average monthly occupancy rate for the group was 91.5% in 2025, up from 87.3% in 2024[38]. - The group had a total of 11 care homes as of March 31, 2025, an increase from 9 in 2024, providing 1,378 beds compared to 1,229 beds in the previous year[34]. Future Plans and Developments - The company plans to expand its elderly care services, with a new nursing home in Lam Tin starting operations in June 2024, and a second phase with approximately 146 beds expected to open in June 2025[68]. - A new nursing home in Tsuen Wan, providing 192 beds, is projected to commence operations in Q4 2025 following the acquisition of a target company[68]. - The group completed the acquisition of a nursing home in Tsuen Wan for HKD 2 million, with plans to establish a new nursing home with approximately 192 beds expected to commence operations in Q4 2025[57]. Compliance and Governance - The company emphasizes the importance of compliance with regulatory requirements and has confirmed adherence to all relevant laws and regulations in Hong Kong for the year[64]. - The company has adopted the principles and code provisions of the Corporate Governance Code to ensure prudent regulation of business activities and decision-making processes[78]. - The audit committee has reviewed the accounting policies and the audited consolidated financial statements for the year, confirming compliance with applicable accounting standards[79]. - The external auditor, PwC, confirmed that the financial figures in the announcement are consistent with the audited consolidated financial statements[80]. Market Trends - The elderly population in Hong Kong is projected to increase from 1.45 million in 2021 to 2.74 million by 2046, driving demand for elderly care services[67].
嘉涛(香港)控股(02189) - 2025 - 年度业绩