Financial Performance - Revenue decreased to approximately HKD 42.0 million, a decline of about 20.0% compared to the previous fiscal year[4] - The loss attributable to owners of the company was approximately HKD 34.6 million, an improvement from a loss of approximately HKD 41.0 million in the previous year[4] - Basic loss per share was HKD 0.35, compared to HKD 1.02 in the previous year[5] - No final dividend was declared for the fiscal year[4] - Total comprehensive loss for the year was HKD 32.6 million, compared to HKD 39.8 million in the previous year[5] - The company reported other income of HKD 15.8 million, an increase from HKD 12.4 million in the previous year[5] - The company incurred employee benefit expenses of HKD 31.6 million, slightly up from HKD 31.6 million in the previous year[5] - The company recognized a net impairment loss on financial assets of HKD 27.4 million, compared to HKD 28.0 million in the previous year[5] - The company did not report any goodwill impairment losses during the fiscal year, contrasting with HKD 4.3 million in the previous year[5] Assets and Liabilities - Total assets decreased from HKD 306,727 million in 2024 to HKD 294,195 million in 2025, a decline of approximately 4.9%[6] - Current liabilities increased from HKD 30,886 million in 2024 to HKD 84,625 million in 2025, an increase of approximately 174.5%[6] - Non-current liabilities decreased from HKD 88,233 million in 2024 to HKD 75,463 million in 2025, a decrease of approximately 14.4%[7] - Total equity decreased from HKD 303,691 million in 2024 to HKD 293,924 million in 2025, a decline of approximately 3.2%[7] - Cash and cash equivalents increased from HKD 29,251 million in 2024 to HKD 84,262 million in 2025, an increase of approximately 187.5%[6] - Trade receivables decreased from HKD 335,168 million in 2024 to HKD 325,081 million in 2025, a decrease of approximately 3.1%[6] - Total liabilities increased from HKD 161,741 million in 2024 to HKD 199,075 million in 2025, an increase of approximately 22.9%[6] - The company reported a net current asset value of HKD 283,241 million in 2025, compared to HKD 275,124 million in 2024, an increase of approximately 2.4%[6] - The company's non-current assets decreased from HKD 306,727 million in 2024 to HKD 294,195 million in 2025, a decline of approximately 4.1%[6] - The company's total liabilities to equity ratio increased from 0.53 in 2024 to 0.68 in 2025, indicating a higher leverage position[6] Shareholder Equity and Capital Structure - As of March 31, 2025, total equity is HKD 293.924 million, a decrease from HKD 340.897 million as of March 31, 2023, reflecting a decline of approximately 13.7%[8] - The company reported a total loss of HKD 40.990 million for the year, contributing to accumulated losses of HKD 380.855 million by March 31, 2025[8] - The company issued new shares amounting to HKD 25.245 million, which increased total equity from HKD 311.269 million to HKD 299.537 million after accounting for expenses[8] - The company’s capital reserve increased to HKD 639.093 million as of March 31, 2025, compared to HKD 637.118 million as of March 31, 2023, indicating a slight growth[8] - The company’s total comprehensive loss for the year was HKD 34.589 million, which is a significant factor in the overall equity reduction[8] Revenue Segmentation - The group's total revenue for the year was HKD 41,972,000, a decrease of 20.0% compared to HKD 52,436,000 in the previous year[19] - Revenue from valuation and consulting services was HKD 29,906,000, up 8.7% from HKD 27,506,000 year-on-year[19] - Revenue from securities brokerage, placement, and underwriting services decreased to HKD 8,375,000, down 19.7% from HKD 10,436,000[19] - Interest income from financing services was HKD 3,691,000, a significant drop of 74.6% compared to HKD 14,494,000 in the previous year[19] Accounting Standards and Compliance - The group is currently assessing the specific impact of the new Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[15] - The new accounting standards will take effect from January 1, 2027, allowing for early application[15] - The group adheres to the applicable disclosure requirements under the Hong Kong Companies Ordinance and GEM Listing Rules[16] Employee and Operational Metrics - Employee benefits expenses, including director remuneration, amounted to HKD 31,627,000 for the year 2025, slightly down from HKD 31,567,000 in 2024[33] - The group employed a total of 50 full-time employees as of March 31, 2025, down from 64 employees in the previous year, indicating a reduction in workforce[85] - Employee benefit expenses totaled approximately HKD 31.6 million for both years ending March 31, 2025, and March 31, 2024, showing no change in this area despite the reduction in staff[85] Governance and Compliance - The board of directors does not recommend the payment of any final dividend for the year ending March 31, 2025[93] - The company has adhered to the code of conduct for securities trading by directors, confirming compliance until the fiscal year ending March 31, 2025[98] - The board of directors and management are committed to maintaining high standards of corporate governance, ensuring shareholder interests are protected and business growth is enhanced[99] - The company has complied with all relevant laws and regulations in Hong Kong as of the fiscal year ending March 31, 2025[101] Future Outlook and Strategy - The company plans to focus on market expansion and new product development to improve future performance[22] - The company aims to expand its consulting services, including IPO advisory services in the U.S., to adapt to changing environments and maintain growth[95] - The anticipated interest rate cuts in the coming year are expected to support a recovery in demand and bolster economic confidence in Hong Kong[96] - The company expects to continue its strategy of becoming a comprehensive securities firm in Hong Kong, focusing on expanding its business portfolio for sustainable growth[96] Miscellaneous - The company has maintained competitive performance in its securities brokerage, placement, underwriting, and investment advisory services[96] - The company has not repurchased any shares listed on GEM as of March 31, 2025[97] - The company has no significant future investment or capital asset plans beyond what is disclosed in the capital structure section[94]
罗马元宇宙集团(08072) - 2025 - 年度业绩