Financial Performance - Revenue for the year ended March 31, 2025, was HKD 177,852,000, a decrease of 25.5% compared to HKD 238,435,000 in the previous year[3] - Gross profit decreased to HKD 117,464,000 from HKD 166,962,000, reflecting a decline of 29.6%[3] - Operating profit turned positive at HKD 441,000 compared to an operating loss of HKD 2,309,000 in the previous year[3] - The net loss for the year was HKD 24,515,000, significantly higher than the loss of HKD 5,935,000 in the previous year, representing a 313.5% increase in losses[3] - Basic and diluted loss per share increased to HKD 0.14 from HKD 0.03, indicating a worsening financial position[3] - The group reported a total segment profit of HKD 29,799,000 for 2025, a decline of 17.6% compared to HKD 36,160,000 in 2024[14] - Basic loss per share for the year was HKD 23,650,000, compared to HKD 5,121,000 in 2024, indicating a significant increase in losses[21] - The group's revenue decreased by 25.4% to HKD 177,852,000 compared to HKD 238,435,000 in the previous year[24] - Gross profit fell by 29.6% to HKD 117,464,000 from HKD 166,962,000 year-on-year[24] Assets and Liabilities - Total assets decreased to HKD 442,786,000 from HKD 490,804,000, a decline of 9.8%[5] - Non-current assets decreased to HKD 343,627,000 from HKD 387,193,000, a reduction of 11.2%[5] - Cash and cash equivalents decreased to HKD 93,673,000 from HKD 103,397,000, a decline of 9.4%[5] - The company's equity attributable to shareholders decreased to HKD 413,157,000 from HKD 452,208,000, a decrease of 8.6%[5] - Total assets reported for the group were HKD 789,042,000 in 2025, down from HKD 858,559,000 in 2024[13] - Total liabilities decreased to HKD 464,524,000 in 2025 from HKD 505,676,000 in 2024[13] - The group's net asset value decreased to HKD 418,497,000 from HKD 458,413,000 year-on-year[26] Revenue Sources - Revenue from garment sales was HKD 119,017,000 in 2025, down 34.8% from HKD 182,623,000 in 2024[10] - The total sales for the apparel segment were HKD 119,017,000, down from HKD 182,623,000 in the previous year[27] - The group’s rental income from investment properties increased to HKD 9,634,000 in 2025, up from HKD 8,867,000 in 2024[10] - Rental income from the London office property increased to HKD 9,634,000 from HKD 8,867,000 year-on-year[28] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules for the fiscal year ending March 31, 2025[34] - The company has adopted a securities trading code for directors, ensuring compliance with the standards set forth in the listing rules[35] - The audit committee has been established to review and monitor the financial reporting procedures and internal controls of the group[38] Shareholder Information - The group plans to distribute a final dividend of HKD 0.10 per share, consistent with the previous year[20] - The proposed final dividend is HKD 0.10 per share, totaling HKD 16,586,000, unchanged from the previous year[31] - The company will suspend the transfer of shares from September 23, 2025, to September 26, 2025, to determine shareholder rights for the upcoming annual general meeting[32] - No shares were repurchased by the company or its subsidiaries during the fiscal year ending March 31, 2025[33] Future Outlook - The group plans to explore new opportunities and diversify into emerging business areas for future growth[30] Employment - The total number of employees decreased to approximately 200 from 320 in the previous year[29] Reporting - The annual report for the fiscal year ending March 31, 2025, will be sent to shareholders and published on the company's website[39]
YGM TRADING(00375) - 2025 - 年度业绩