Financial Performance - For the fiscal year ending March 31, 2025, the company reported net interest income of HKD 140,570,000, a slight increase from HKD 140,019,000 in the previous year[3]. - Total comprehensive income attributable to owners of the company for the year was HKD 46,173,000, compared to HKD 42,693,000 in 2024, representing an increase of approximately 10.3%[3]. - Basic and diluted earnings per share increased to HKD 11.1 from HKD 10.3, reflecting a growth of 7.8% year-over-year[3]. - Operating profit rose to HKD 57,040,000 from HKD 52,529,000, an increase of about 8.6%[3]. - The group’s net profit attributable to shareholders increased by 8.2% to HKD 46,200,000, compared to HKD 42,700,000 in the previous year[51]. Assets and Liabilities - The company’s total assets decreased to HKD 1,020,942,000 from HKD 1,134,998,000, indicating a decline of approximately 10%[4]. - The company’s total liabilities decreased significantly to HKD 168,941,000 from HKD 318,380,000, a reduction of approximately 47%[4]. - Total assets for the mortgage segment were HKD 648,610, and for the unsecured segment, they were HKD 203,320, resulting in total segment assets of HKD 1,020,942[16]. - As of March 31, 2025, the group's total assets amounted to HKD 852,000,000, up from HKD 816,600,000 in the previous year[52]. - Total assets pledged as collateral for bank loans amounted to HKD 387,700,000 in 2025, down from HKD 426,000,000 in 2024[60]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 33,486,000 from HKD 28,376,000, marking an increase of about 18%[4]. - Cash and cash equivalents increased to HKD 33,500,000 from HKD 28,400,000 in the previous year[52]. - The group utilized HKD 32,129,000 of bank loans and overdrafts as of March 31, 2025, compared to HKD 210,339,000 in 2024, indicating a significant reduction in usage[33]. Loans and Interest - The company reported a decrease in loans and interest receivable to HKD 781,486,000 from HKD 894,018,000, a reduction of approximately 12.6%[4]. - Interest income for the year reached HKD 156,300,000, a decrease of 1.6% from HKD 158,900,000 in the previous year[41]. - Mortgage loans accounted for approximately 67.3% of total revenue, with interest income from mortgage loans increasing by 0.8% to HKD 105,200,000[42]. - Interest income from unsecured owner loans decreased by 6.2% to HKD 51,100,000, representing about 32.7% of total revenue[42]. - The aging analysis of receivables shows that overdue amounts over 90 days decreased to HKD 134,582,000 in 2025 from HKD 189,027,000 in 2024, a reduction of about 28.9%[31]. Expenses and Impairments - Total operating expenses increased to HKD 67,577 in 2025 from HKD 66,455 in 2024, with significant costs in employee benefits and depreciation[20]. - The company reported a total impairment loss on loans and interest of HKD 10,245 for the year ended March 31, 2025, compared to HKD 17,421 for the previous year[19]. - The group recorded a net impairment loss on receivables of HKD 12,500,000, a decrease of 30.6% from HKD 18,000,000 in the previous year[48]. Dividends and Shareholder Information - The company maintained a consistent dividend payout of HKD 10,790,000 for both years[3]. - The total declared and paid dividends for the year is HKD 10,790,000, consistent with the previous year, maintaining a dividend per share of HKD 1.3[27][28]. - The company proposed a final dividend of HKD 0.013 per share for the fiscal year ending March 31, 2025, subject to shareholder approval at the annual general meeting[72]. - The annual general meeting is scheduled for September 3, 2025, to discuss various corporate matters[71]. Operational Strategy and Outlook - The company is primarily engaged in providing mortgage loans secured by properties and unsecured personal loans in Hong Kong[5]. - The company has not conducted any inter-segment sales between its operating segments for the years ended March 31, 2025, and 2024[14]. - The company maintained a prudent strategy in operations, implementing strict credit policies to ensure loan portfolio quality[41]. - The outlook indicates significant uncertainty due to geopolitical risks and high interest rates affecting the lending business[64]. - The company plans to diversify its loan portfolio and strengthen credit policies to manage risks effectively[65]. Ratios and Performance Metrics - Debt ratio improved to 0.14 in 2025 from 0.34 in 2024[54]. - Return on equity rose to 5.4% in 2025 compared to 5.2% in 2024[54]. - Interest coverage ratio improved to 4.9 times in 2025 from 4.0 times in 2024[54]. - The net interest margin for the lending business remained stable at 16.1%, compared to 16.0% in the previous year[50]. - Net interest margin increased to 16.1% in 2025 from 16.0% in 2024[54].
香港信贷(01273) - 2025 - 年度业绩