Financial Performance - The company recorded revenue of HKD 9,623,007,000 for the year ending March 31, 2025, representing a 23.1% increase from HKD 7,811,653,000 in the previous year[3]. - Gross profit for the year was HKD 134,941,000, a significant decrease of 80.2% compared to HKD 682,482,000 in the prior year[4]. - The company reported a loss of HKD 101,178,000 for the year, contrasting with a profit of HKD 65,801,000 in the previous year[5]. - Basic and diluted loss per share was approximately HKD 0.2257, compared to earnings of HKD 0.1532 per share in the previous year[6]. - Total revenue for the fiscal year ending March 31, 2025, was HKD 9,623,007,000, representing a 23.5% increase from HKD 7,811,653,000 in the previous year[18]. - The company reported a net loss attributable to equity holders of HKD 98,884,000 for 2025, compared to a profit of HKD 67,093,000 in 2024[27]. - The company recorded a comprehensive net loss of HKD 101,000,000, primarily due to poor performance in the construction segment and unrealized revaluation losses on investment properties[35]. Revenue Segmentation - Revenue from the construction segment increased to HKD 7,235,373,000, up 29.1% from HKD 5,604,081,000 in the prior year[18]. - The electromechanical installation segment reported revenue of HKD 2,249,964,000, a rise of 8.2% compared to HKD 2,079,920,000 in the previous year[18]. - Property investment and development revenue grew significantly to HKD 23,723,000, compared to HKD 12,466,000 in the previous year, marking a 90.1% increase[18]. - The hotel operations segment generated revenue of HKD 30,000, down from HKD 936,000 in the previous year, indicating a decline[18]. - The total external revenue from construction materials supply was HKD 96,586,000, up from HKD 86,295,000, reflecting a 12.5% increase[19]. Assets and Liabilities - Total assets increased to HKD 6,571,231,000 as of March 31, 2025, up from HKD 5,726,115,000 in the previous year, reflecting a growth of 14.8%[9]. - The company's net asset value attributable to equity holders was HKD 1,376,001,000, down from HKD 1,505,164,000, indicating a decrease of 8.6%[10]. - Cash and bank balances decreased to HKD 770,225,000 from HKD 905,585,000, a decline of 14.9%[9]. - The company’s total liabilities increased to HKD 5,201,122,000, up from HKD 4,224,549,000, representing a rise of 23.1%[10]. Dividends - The company declared a dividend of HKD 10,951,000, down from HKD 21,902,000 in the previous year[7]. - The company did not declare a final dividend for 2025, compared to a total dividend of HKD 10,951,000 in 2024[26]. - The company did not recommend a final dividend, maintaining a total distribution of HKD 2.50 per share for the year[36]. Operational Efficiency - The company aims to improve revenue and profitability in 2025 compared to 2024, focusing on enhancing operational efficiency and exploring AI and digitalization applications[47]. - The company is focusing on fulfilling existing contracts while improving cost efficiency amid rising production costs[43]. - The operating expenses slightly increased by HKD 12,000,000 to HKD 543,000,000, mainly due to higher employee costs and distribution expenses[33]. Contracts and Future Outlook - The total value of new contracts awarded reached HKD 15,758,000,000, including three modular integrated construction (MiC) projects valued at HKD 11,251,000,000[35]. - The construction segment secured new contracts totaling HKD 13,344,000,000, with the total value of contracts on hand reaching a record high of HKD 36,976,000,000[38]. - The company anticipates record revenue exceeding HKD 10,000,000,000 for the next year based on the new contracts obtained[32]. - Major customers contributed HKD 6,363,758,000, accounting for over 10% of total revenue, compared to HKD 3,923,403,000 in 2024[22]. Innovation and Technology - The upgraded BEANiE system, a blockchain-enabled digital platform for project management, includes a safety smart site system that provides real-time spatial analysis and visualization[39]. - The company has committed to innovation, with patented prefabrication and MiC technologies, and the first blockchain multifunctional platform in Hong Kong using BIM technology[48]. - The company has filed for 1 invention patent, 9 utility model patents, and software copyrights within a year to enhance its innovation capabilities[42]. Risk Management and Governance - The company has established a risk management committee to assess and manage key risks, ensuring effective governance and oversight[55]. - The company's risk management and internal control systems are confirmed to be effective and sufficient by the management to the board[56]. - The board has evaluated the company's accounting and financial reporting functions to ensure adequate resources, staff qualifications, training programs, and budget[56]. - The company has adhered to the standard code of conduct for securities trading by directors, with all directors confirming compliance until March 31, 2025[57]. - The company has complied with the listing rules, except for the separation of roles between the chairman and CEO, which are held by the same individual[58]. Employee and Talent Acquisition - The company employed approximately 4,500 employees as of March 31, 2025, an increase from 3,900 in 2024, indicating a focus on talent acquisition[51].
有利集团(00406) - 2025 - 年度业绩