Financial Performance - The total revenue for the fiscal year ending March 31, 2025, was HKD 453,274,000, a slight decrease of 0.3% compared to HKD 454,706,000 in the previous fiscal year[3] - Other income increased significantly to HKD 13,157,000, up 48.5% from HKD 8,841,000 in the prior year[3] - The company reported a net loss of HKD 4,771,000 for the year, an improvement from a loss of HKD 8,626,000 in the previous year, representing a 44.5% reduction in losses[4] - Basic and diluted loss per share improved to HKD 0.56 from HKD 1.06, indicating a 47.2% decrease in loss per share[4] - Revenue from external customers for the year ended March 31, 2025, was HKD 453,274, a slight decrease of 0.1% compared to HKD 454,706 for the year ended March 31, 2024[21] - Reportable segment profit for the year ended March 31, 2025, was HKD 10,319, an increase of 42.4% from HKD 7,227 in the previous year[17] - The company reported a net comprehensive loss of HKD 4,771 for the year ended March 31, 2025, an improvement from a loss of HKD 8,626 in the previous year[17] - The group recorded a net loss margin of -1.1%, an improvement of 0.8 percentage points from -1.9% in the previous year[40] - The net loss attributable to equity shareholders for the fiscal year 2025 is approximately HKD 5,100,000, compared to a net loss of HKD 9,600,000 for the fiscal year 2024[54] Assets and Liabilities - Total assets decreased to HKD 366,066,000 from HKD 363,289,000, reflecting a marginal increase of 0.5%[6] - Non-current assets decreased to HKD 198,393,000 from HKD 247,747,000, a decline of 20%[6] - Current liabilities decreased slightly to HKD 352,290,000 from HKD 361,151,000, a reduction of 2.4%[6] - Non-current liabilities decreased from HKD 55,498,000 in 2024 to HKD 20,970,000 in 2025, representing a reduction of approximately 62.3%[7] - The company's net asset value slightly decreased from HKD 194,387,000 in 2024 to HKD 191,199,000 in 2025, a decline of about 1.4%[7] - Long-term service liabilities decreased from HKD 3,108,000 in 2024 to HKD 1,516,000 in 2025, a reduction of approximately 51.2%[7] - Lease liabilities significantly decreased from HKD 49,895,000 in 2024 to HKD 17,941,000 in 2025, a decline of about 64.0%[7] - The total equity attributable to equity shareholders decreased from HKD 189,332,000 in 2024 to HKD 185,849,000 in 2025, a decrease of approximately 2.6%[7] - Total reportable assets as of March 31, 2025, amounted to HKD 529,925, down from HKD 571,637 as of March 31, 2024, representing a decrease of 7.3%[17] - Total reportable liabilities decreased to HKD 372,514 as of March 31, 2025, from HKD 414,875 in the previous year, a reduction of 10.2%[17] Cash Flow and Expenses - The company’s cash and bank balances increased to HKD 222,340,000 from HKD 187,982,000, a growth of 18.2%[6] - Employee benefits expenses, including director remuneration, amounted to HKD 287,433,000 in 2025, slightly up from HKD 283,802,000 in 2024[24] - The company incurred interest expenses of HKD 5,917,000 for lease liabilities in 2025, an increase from HKD 4,469,000 in 2024, reflecting higher financing costs[24] - The total amount of trade deposits held by banks and credit card companies was HKD 19,661,000 in 2025, down from HKD 89,099,000 in 2024, indicating a significant reduction in cash reserves[29] - The group maintained a strong financial position with cash and bank balances of approximately HKD 236,700,000 for the fiscal year 2025, up from HKD 193,700,000 in the fiscal year 2024[56] - Total capital expenditure for the fiscal year 2025 was approximately HKD 16,100,000, an increase from HKD 14,600,000 in the previous year, primarily for expanding and integrating service networks in Hong Kong and Singapore[57] Revenue Breakdown - Revenue from beauty and wellness services was HKD 416,136 for the year ended March 31, 2025, compared to HKD 419,688 in the previous year, reflecting a decrease of 0.4%[21] - Revenue from the sale of skincare and wellness products increased to HKD 37,138, up 6.0% from HKD 35,018 in the previous year[21] - Revenue from prepaid beauty packages was HKD 417.4 million, down 3.7% from the previous year's HKD 433.5 million[39] - Revenue from beauty and wellness services in fiscal year 2025 was approximately HKD 416,100,000, down 0.8% from about HKD 419,700,000 in fiscal year 2024[47] - The geographical breakdown shows that revenue from Hong Kong was HKD 404,999 for the year ended March 31, 2025, compared to HKD 399,381 in the previous year, an increase of 1.6%[19] - In the fiscal year 2025, the revenue from Singapore operations was HKD 47,500,000, a decrease from HKD 50,000,000 in the previous year[45] Market Strategy and Future Plans - The company plans to focus on expanding its market presence and developing new technologies in the upcoming fiscal year[2] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[18] - The group plans to focus resources on the Hong Kong and Singapore markets after selling two foreign-owned enterprises in mainland China[44] - The group plans to restructure its retail business by closing some stores and opening new ones to enhance customer coverage and brand promotion[65] - The group aims to enhance customer satisfaction and brand recognition through quality service and careful expansion in Singapore[45] Employee and Operational Insights - The total number of customers in Hong Kong increased by 0.8% to approximately 440,400 compared to 437,000 in the previous year[42] - The number of stores increased to 47 from 45, reflecting a growth of 2 stores[40] - The group had 793 employees as of March 31, 2025, a decrease of 6.0% from 844 employees in the previous year[50] - Employee benefit expenses decreased by approximately 1.3% to about HKD 283,800,000, accounting for 62.6% of total revenue in fiscal year 2025[50] Compliance and Governance - The group is committed to compliance with regulatory requirements, having adhered to significant operational regulations as of March 31, 2025[68] - The group adheres to good corporate governance principles to enhance shareholder value and transparency[76] - The audit committee, consisting of independent non-executive directors, has reviewed and approved the annual results before board approval[80] Environmental and Risk Management - The group emphasizes the importance of good environmental management and has implemented various eco-friendly measures, including the use of LED lighting in retail stores to save energy[67] - The group is committed to strengthening its risk management framework to ensure long-term sustainable development and growth[66] - The group faces macroeconomic changes that can significantly impact its business, particularly in the Hong Kong market[73] - The group is expanding its market presence in mainland China, which introduces additional regulatory and political risks[73] Shareholder Information - The annual general meeting is scheduled for August 28, 2025, with a suspension of shareholder registration from August 25 to August 28, 2025[75] - The annual report and shareholder meeting notice will be sent to shareholders on or around July 25, 2025[81] - The company’s financial statements for the year ending March 31, 2025, will be published on the Hong Kong Stock Exchange and the company’s website[81]
现代健康科技(00919) - 2025 - 年度业绩