Financial Performance - The company reported a total revenue of HKD 1,029,921,000 for the fiscal year ending March 31, 2025, representing a 34.4% increase from HKD 766,108,000 in the previous year[4]. - Gross profit for the same period was HKD 154,408,000, up 60.1% from HKD 96,509,000 year-over-year[4]. - The net profit for the year was HKD 72,850,000, which is a significant increase of 115.5% compared to HKD 33,868,000 in the prior year[5]. - The company’s earnings per share (EPS) increased to HKD 6.56 from HKD 3.80, reflecting a growth of 72.4%[5]. - Total comprehensive income for the year was HKD 71,683,000, compared to HKD 17,504,000 in the previous year, marking an increase of 309.5%[5]. - The company reported other income and gains of HKD 6,888,000, up from HKD 3,996,000, indicating a growth of 72.3%[4]. - The net profit attributable to shareholders for 2025 was HKD 71,652 thousand, significantly higher than HKD 32,822 thousand in 2024, marking an increase of 118.5%[27]. Expenses and Liabilities - Administrative and other operating expenses rose to HKD 47,618,000 from HKD 39,874,000, an increase of 19.4%[4]. - The financing costs increased slightly to HKD 5,082,000 from HKD 4,494,000, reflecting a rise of 13.0%[4]. - Total liabilities increased to HKD 368,941,000 in 2025 from HKD 312,804,000 in 2024, which is a rise of 17.9%[6]. - Trade payables increased to HKD 192,750,000 in 2025 from HKD 172,505,000 in 2024, representing an increase of 11.7%[33]. Assets and Investments - Non-current assets increased to HKD 44,889,000 in 2025 from HKD 43,637,000 in 2024, representing a growth of 2.9%[6]. - Current assets rose significantly to HKD 761,696,000 in 2025, up from HKD 605,616,000 in 2024, marking an increase of 25.7%[6]. - Cash and cash equivalents surged to HKD 80,672,000 in 2025, up from HKD 44,318,000 in 2024, indicating an increase of 82%[6]. - The company's net asset value improved to HKD 375,801,000 in 2025, up from HKD 272,320,000 in 2024, representing a growth of 37.9%[7]. - The equity attributable to owners of the company increased to HKD 357,197,000 in 2025 from HKD 253,900,000 in 2024, reflecting a growth of 40.7%[7]. Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4]. - The company aims to enhance product performance and reduce electricity costs to promote healthy development in the photovoltaic industry[35]. - The company is focused on developing new electrochemical energy storage systems to address market challenges and improve resource flexibility[39]. - The company is committed to becoming a globally influential enterprise in the solar energy sector, aligning with carbon peak and carbon neutrality goals set for 2030 and 2060 respectively[39]. Research and Development - Research and development expenses increased to HKD 15,239 thousand in 2025 from HKD 11,669 thousand in 2024, representing a growth of 30.5%[25]. - The company is developing a digital and intelligent PV tracking control platform utilizing big data analysis and AI control technology to lower costs and increase power generation[36]. - The company has established a research group to enhance the wind resistance stability of flexible support structures, ensuring safety in large-span applications[37]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes as per GEM listing rules, except for a deviation regarding the separation of roles between the chairman and the CEO[70][71]. - The board believes that having the same individual serve as both chairman and CEO provides strong and consistent leadership, despite the deviation from the governance code[71]. - The audit committee, consisting of three independent non-executive directors, has reviewed the audited annual results for the year ending March 31, 2025[76]. - The financial statements for the year ending March 31, 2025, have been agreed upon by the auditors, confirming the accuracy of the reported figures[77]. Employee and Shareholder Relations - The group had 162 employees as of March 31, 2025, an increase from 128 employees in 2024[51]. - The group offers competitive compensation packages and internal training programs to attract and retain talent in the renewable energy sector[51]. - The group has implemented a profit-sharing scheme that allows certain employees to benefit from the company's performance[52]. - The group maintains a good relationship with customers and suppliers, with no significant disputes regarding salary payments as of March 31, 2025[58]. Share Incentive Plan - The group adopted a share incentive plan on September 24, 2024, aimed at motivating and retaining qualified participants[62]. - The maximum number of shares that can be awarded under the share incentive plan is capped at 10% of the issued share capital as of the adoption date, equating to 122,700,000 shares[64]. - A total of 62,075,000 shares have been purchased in the market by the trustee under the share incentive plan since its adoption date until March 31, 2025[67]. Environmental Sustainability - The group emphasizes environmental sustainability by implementing green measures and promoting recycling and waste reduction principles[56].
同景新能源(08326) - 2025 - 年度业绩