Financial Performance - Revenue for the year ended March 31, 2025, was HKD 1,038,535,000, representing an increase of 10.9% compared to HKD 936,607,000 in 2024[3] - Gross profit decreased to HKD 130,181,000 from HKD 143,911,000, a decline of 9.6% year-over-year[3] - Net profit for the year was HKD 2,789,320,000, a significant increase from HKD 186,777,000 in the previous year, reflecting a growth of 1,394.5%[3] - The company reported a total comprehensive income of HKD 2,911,335,000, compared to HKD 39,561,000 in 2024, marking a substantial increase[4] - Basic earnings per share rose to HKD 300.0 from HKD 18.7, an increase of 1,502.7%[4] - The company recognized a gain of HKD 3,247,300,000 from the sale of an associate, contributing to the overall profit increase[3] - The company reported a significant increase in profit attributable to owners of approximately HKD 2,788,700,000, up from HKD 176,800,000 in the previous year, primarily due to non-recurring gains from the sale of its stake in Nantong Jianghai[45] Assets and Liabilities - Non-current assets increased to HKD 3,352,015,000 from HKD 1,527,408,000, a growth of 119.8%[5] - Cash and cash equivalents significantly increased to HKD 525,183,000 from HKD 152,867,000, representing a growth of 243.5%[5] - Total liabilities decreased from HKD 345,535,000 in 2024 to HKD 325,477,000 in 2025, a reduction of 5.9%[6] - Total assets of the group were approximately HKD 4,274.2 million as of March 31, 2025, with liabilities amounting to HKD 598.8 million and total equity of HKD 3,675.4 million[54] Revenue Segmentation - Revenue from display and other services increased to HKD 1,038,535 thousand in 2025, up from HKD 936,607 thousand in 2024, representing a growth of approximately 10.9%[15] - Total revenue from external customers in mainland China rose to HKD 259,274 thousand in 2025, compared to HKD 173,244 thousand in 2024, marking a growth of approximately 49.7%[16] - Sales revenue from LCDs, TFTs, and CTPs increased by 18.2%, 5.0%, and 10.0% to HKD 163,500,000, HKD 175,700,000, and HKD 289,300,000 respectively[36] Expenses and Losses - The segment loss for display and other services was HKD (1,492) thousand in 2025, a significant decline from a profit of HKD 54,956 thousand in 2024[15] - The company recorded a significant loss of HKD (128,756) thousand from fair value changes of financial assets in 2025, compared to a gain of HKD 174 thousand in 2024[15] - The company’s administrative expenses were HKD (11,356) thousand in 2025, slightly higher than HKD (10,813) thousand in 2024[15] Dividends and Shareholder Returns - The total dividend declared for the current year was HKD 1,726,780,000, compared to HKD 96,011,000 in the previous year, indicating a substantial increase[5] - The company paid a special dividend of HKD 1.80 per ordinary share in February 2025, compared to no special dividend in 2024[59] - The proposed final dividend for the year ending March 31, 2025, is HKD 0.05 per ordinary share, totaling HKD 46,665,000, pending shareholder approval[59] Strategic Focus and Market Position - The company plans to continue expanding its product offerings in LCDs and related services, focusing on innovation and market growth[8] - The company has maintained a strategic focus on innovation in display technology and expanding its product portfolio, particularly in large and medium-sized displays[30] - The company maintained a strategic focus on high-growth sectors such as engineering machinery and medical equipment to capitalize on upcoming market opportunities[37] - The group aims to strengthen its position in engineering machinery, medical equipment, and commercial electrical markets while exploring new markets in the industrial digital era[53] Investments and Partnerships - The group invested RMB 100 million (approximately HKD 107 million) in a private company in China for a 3.34% stake, focusing on high-end smart network chips[55] - The group also invested RMB 20 million (approximately HKD 21.5 million) in another private company for a 5.20% stake, which specializes in AI hardware and software[55] - The company has established partnerships with major clients in AI, including Tsinghua University and Fudan University, highlighting its commitment to supporting AI research and commercial applications[32] Governance and Compliance - The company has implemented measures to maintain high levels of corporate governance, adhering to the principles outlined in the corporate governance code[62] - The audit committee reviewed the accounting principles and practices adopted by the group, discussing audit, internal control, and financial reporting matters[64] - The company confirmed compliance with the securities trading standards code by all directors during the year[63] Miscellaneous - The company has a diversified customer base, with no single customer contributing over 10% of total revenue in either year[17] - The company has not adopted new accounting standards that are expected to impact future financial statements, specifically HKFRS 18, which will take effect on January 1, 2027[12] - The effective tax rate related to the core business increased to 15% from 13% in the previous year[44] - The group has no significant contingent liabilities or major asset pledges as of March 31, 2025[56]
亿都(国际控股)(00259) - 2025 - 年度业绩