Financial Performance - For the fiscal year ending March 31, 2025, the company reported a revenue of HKD 465,170,000, a decrease of 4.0% from HKD 484,763,000 in the previous year[3] - The gross profit for the same period was HKD 11,635,000, down 70.7% from HKD 39,534,000 year-on-year[3] - The company recorded a loss before tax of HKD 94,179,000, compared to a loss of HKD 72,123,000 in the previous year, indicating a 30.6% increase in losses[3] - Total comprehensive loss attributable to owners of the company for the year was HKD 97,058,000, compared to HKD 86,374,000 in the previous year, reflecting an increase of 12.5%[3] - The company reported a basic loss per share of HKD 28.9 cents, compared to HKD 20.8 cents in the previous year, indicating a worsening of performance[3] - The group reported a net loss of HKD 96.1 million for the fiscal year, an increase from a net loss of HKD 69.1 million in the previous year, resulting in a net loss margin that worsened from 14.3% to 20.7%[39] - Gross profit decreased by 71% to HKD 11.6 million, with the gross margin dropping from 8.2% to 2.5% due to pricing pressure and changes in product mix[38] Assets and Liabilities - Non-current assets decreased to HKD 400,764,000 from HKD 452,093,000, a decline of 11.4%[4] - Current assets also saw a decrease, totaling HKD 536,843,000 compared to HKD 640,268,000, a drop of 16.1%[4] - The company's net asset value decreased to HKD 717,330,000 from HKD 871,007,000, a reduction of 17.6%[5] - As of March 31, 2025, total assets amounted to HKD 937,607,000, with the Americas holding HKD 92,343,000 in assets[15] - The total liabilities as of March 31, 2025, were HKD 220,277,000, with trade payables accounting for HKD 55,975,000[16] - The total assets of the group as of March 31, 2025, were HKD 937.6 million, down from HKD 1,092.4 million in the previous year[43] Revenue Sources - For the fiscal year ending March 31, 2025, the total revenue was HKD 465,170,000, with the Americas contributing the largest share at HKD 296,581,000[12] - In the fiscal year ending March 31, 2024, total revenue was HKD 484,763,000, with the Americas again leading at HKD 323,692,000[13] - The company operates primarily in Hong Kong and China, with total revenues from these regions of HKD 400,133,000 in 2025, down from HKD 447,462,000 in 2024[19] - The Americas accounted for 64% of sales revenue, with a decrease of 8% to HKD 296.6 million, while Europe saw a significant decline of 41% to HKD 68.9 million[37] - Asian sales increased by 121% to HKD 81.3 million, representing 17% of total sales revenue, while other markets grew by 127% to HKD 18.3 million[37] Expenses and Costs - Total other income for 2025 was 36,110 thousand HKD, a decrease of 22% from 46,279 thousand HKD in 2024[23] - Total tax expense for 2025 was 2,884 thousand HKD, down from 3,150 thousand HKD in 2024, reflecting a decrease of 8.4%[25] - The total employee cost for 2025 was 158,170 thousand HKD, slightly down from 159,561 thousand HKD in 2024, a decrease of 0.9%[28] - Sales and distribution expenses increased by 14% to HKD 16 million, representing 3.4% of sales revenue, up from 2.9% in the previous year[38] Cash Flow and Investments - The net cash outflow from operating activities for the year ended March 31, 2025, was HKD 62.5 million, compared to HKD 38.4 million in 2024[44] - Total borrowings amounted to HKD 5.5 million, a decrease from HKD 10.7 million in 2024, with a debt-to-equity ratio of 0.8% compared to 1.2% in 2024[44] - The group invested approximately HKD 1.769 million in purchasing four vehicles for replacement purposes, with no significant investments in other tangible assets[46] Operational Challenges and Strategies - The group anticipates a challenging business environment due to low consumer confidence and intense competition, with geopolitical issues further complicating the outlook[40][41] - The group plans to enhance efficiency and reduce costs through improved operations, supply chain management, and the introduction of more automation systems[42] Compliance and Governance - The board confirmed compliance with corporate governance codes throughout the fiscal year ending March 31, 2025[48] - No share buybacks or repurchases were conducted by the company or its subsidiaries during the fiscal year ending March 31, 2025[50]
亚伦国际(00684) - 2025 - 年度业绩