Financial Performance - For the fiscal year ending March 31, 2025, revenue decreased by approximately 9.1% to about HKD 900.7 million compared to the previous fiscal year[5] - Gross profit for the fiscal year decreased by approximately 1.3% to about HKD 150.7 million, while gross margin improved by 1.3 percentage points to approximately 16.7%[5] - The company's annual profit attributable to shareholders decreased by approximately 9.2% to about HKD 14.0 million compared to the previous fiscal year[5] - Basic earnings per share for the fiscal year decreased by approximately 8.9% to about HKD 1.74 compared to the previous fiscal year[5] - The total comprehensive income for the fiscal year was approximately HKD 14.35 million, a slight decrease from HKD 14.73 million in the previous fiscal year[6] - The company reported a net income before tax of approximately HKD 19.69 million, down from HKD 22.90 million in the previous fiscal year[6] - The segment performance showed a profit of HKD 28,970,000, down from HKD 31,797,000, indicating a decrease of about 8.8% year-over-year[22] - The company reported external customer revenue of HKD 900,695,000 for the year, with no single external customer contributing more than 10% of total revenue[24] Expenses and Costs - Total operating expenses for the fiscal year were approximately HKD 132.2 million, with about HKD 8.3 million allocated to support research and development in generative artificial intelligence and the establishment of the Network and Security Operations Center (NOC/SOC)[5] - The company experienced a decrease in sales cost, which was approximately HKD 749.96 million compared to HKD 838.28 million in the previous fiscal year[6] - Total employee costs for the reporting year were approximately HKD 240.0 million, compared to HKD 236.2 million in the previous year[62] - Financing costs for the reporting year were approximately HKD 6.7 million, an increase of about HKD 0.3 million (or approximately 4.5%) compared to the previous year[50] Assets and Liabilities - Total assets increased to HKD 446,080 million in 2025 from HKD 380,206 million in 2024, marking a growth of approximately 17.3%[8] - The company's net current assets rose to HKD 151,064 million in 2025, compared to HKD 135,609 million in 2024, indicating an increase of about 11.4%[8] - The company’s total liabilities increased to HKD 295,016 million in 2025 from HKD 244,597 million in 2024, which is an increase of approximately 20.5%[8] - The company’s cash and cash equivalents reached HKD 245,140 million in 2025, up from HKD 218,911 million in 2024, representing a growth of about 12.0%[8] - The total liabilities stood at HKD 375,591,000, which is an increase from HKD 314,142,000, indicating a rise of about 19.5% year-over-year[22] Market and Strategic Focus - The company aims to enhance its market position through ongoing investment in new technologies and expansion strategies[5] - The company is focused on expanding its market presence and enhancing its service offerings in the Asia-Pacific region[11] - The group has identified ongoing geopolitical tensions and economic slowdowns in mainland China and Hong Kong as potential challenges affecting performance[36] - The company is focusing on three high-growth product lines: Network Security, Automation and Artificial Intelligence, and Management Services[37] Innovation and Technology - The company actively reinvested in technology innovation to drive future growth, reflecting its strategic focus on research and development[5] - The group is focusing on strategic investments in artificial intelligence and has established an AI company, enhancing its technology development capabilities[44] - The group has successfully developed a series of GenAI products, named ChatSeries, which includes applications for workflow automation and AI assistance, demonstrating innovation in the GenAI field[43] - The group is expanding its IT infrastructure management services, including the establishment of AI-driven Network Operations Centers (NOC) and Security Operations Centers (SOC) to enhance service efficiency[41] Shareholder Returns and Dividends - The total dividend proposed for the year ending March 31, 2025, is HKD 6,025,000, down from HKD 6,587,000 in 2024, which is a reduction of about 8.5%[28] - The company has proposed a final dividend of HKD 0.75 per share for 2025, down from HKD 0.82 per share in 2024[28] - The board has proposed a final dividend of HKD 0.75 per share for the year ending March 31, 2025, compared to HKD 0.82 for 2024, pending shareholder approval at the upcoming annual general meeting[69] Compliance and Governance - The audit committee has reviewed the financial statements for the reporting year and confirmed compliance with applicable accounting standards and GEM listing rules[73] - The company has adopted a set of rules for directors conducting securities transactions, ensuring compliance with GEM listing regulations[66] - There were no conflicts of interest reported among directors in competing businesses during the reporting year[68]
思博系统(08319) - 2025 - 年度业绩