Financial Performance - For the fiscal year ending March 31, 2025, the company reported revenue of approximately HKD 869.7 million, an increase of about HKD 417.5 million or 92.3% compared to HKD 452.2 million for the fiscal year ending March 31, 2024[3]. - The gross profit for the fiscal year ending March 31, 2025, was approximately HKD 102.7 million, up by about HKD 74.7 million or 266.8% from HKD 28.0 million in the previous year, resulting in a gross margin of approximately 11.8%[3]. - The adjusted EBITDA turned from a loss of approximately HKD 40.1 million for the fiscal year ending March 31, 2024, to a profit of approximately HKD 44.8 million for the fiscal year ending March 31, 2025, an improvement of about HKD 84.9 million[3]. - The net loss attributable to the company's owners for the fiscal year ending March 31, 2025, was approximately HKD 15.7 million, significantly reduced from a loss of HKD 78.9 million in the previous year[3]. - Basic and diluted loss per share for the fiscal year ending March 31, 2025, was approximately HKD 1.22, compared to HKD 6.61 for the fiscal year ending March 31, 2024[5]. Assets and Equity - The company's non-current assets increased to approximately HKD 341.6 million as of March 31, 2025, from HKD 158.9 million in the previous year[6]. - Current assets decreased to approximately HKD 537.7 million as of March 31, 2025, compared to HKD 665.7 million in the previous year[6]. - The company's total equity increased to approximately HKD 467.0 million as of March 31, 2025, from HKD 233.9 million in the previous year[7]. Revenue Segmentation - The group reported segment revenue from external customers of HKD 869,730,000 for the year ending March 31, 2025, with contributions of HKD 174,011,000 from upper structure construction and HKD 695,719,000 from reverse supply chain management and environmental services[15]. - For the year ending March 31, 2024, the segment revenue from external customers was HKD 452,192,000, with HKD 223,495,000 from upper structure construction and HKD 228,697,000 from reverse supply chain management and environmental services[16]. - Revenue from reverse supply chain management and environmental services surged to HKD 695,719,000 in 2025, up 204.5% from HKD 228,697,000 in 2024[21]. - Revenue from the construction and renovation services was HKD 174,011,000 in 2025, down 22.2% from HKD 223,495,000 in 2024[21]. Expenses and Losses - The group recorded a loss before tax of HKD 13,739,000 for the year ending March 31, 2025, which includes expenses related to share-based payments of HKD 38,914,000[15]. - The group experienced a significant loss in segment performance for the year ending March 31, 2024, with a total segment loss of HKD 20,079,000, including losses of HKD 16,508,000 from upper structure construction and HKD 3,571,000 from reverse supply chain management[16]. - Total operating expenses for the year ending March 31, 2025, were approximately HKD 121.2 million, an increase of approximately HKD 11.2 million or 10.2% from approximately HKD 110.0 million for the year ending March 31, 2024[57]. Share Capital and Dividends - The company did not recommend the payment of a final dividend for the fiscal year ending March 31, 2025, consistent with the previous year[3]. - The company plans to increase its authorized share capital from HKD 15 million (1.5 billion shares) to HKD 30 million (3 billion shares) as approved on September 28, 2023[47]. - The company issued a total of 191,890,000 new shares at a placement price of HKD 0.4 per share, raising approximately HKD 18 million on April 11, 2023[47]. - The company completed a debt capitalization agreement, issuing 103,650,000 shares at HKD 0.4 per share to settle HKD 41.46 million in notes, with net proceeds of approximately HKD 41.396 million after expenses[47]. - The company did not declare any dividends for 2025, consistent with 2024[26]. Employee and Operational Metrics - As of March 31, 2025, the group employed a total of 54 employees, an increase from 45 employees as of March 31, 2024[72]. - Total salary and related costs for the year ending March 31, 2025, amounted to approximately HKD 60.1 million, compared to HKD 45.6 million in 2024[72]. Compliance and Governance - The company has complied with the corporate governance code applicable to its operations as of March 31, 2025[95]. - The Audit Committee, established on July 25, 2018, consists of four independent non-executive directors and has reviewed the group's internal controls, risk management, and financial reporting for the fiscal year ending March 31, 2025[98]. - The auditors confirmed that the preliminary announcement aligns with the audited consolidated financial statements for the year ending March 31, 2025, but did not provide any opinion or verification conclusion[99]. Future Outlook and Plans - The company anticipates continued growth in its reverse supply chain management and environmental services, leveraging opportunities from proposed collaborations with European partners[52]. - The company plans to issue an additional 41,221,000 shares and 66,240,000 shares under various placements and incentive plans in the upcoming fiscal periods[47][48].
晋景新能(01783) - 2025 - 年度业绩