高萌科技(08065) - 2025 - 年度业绩

Company Information and Disclaimer Company Profile and GEM Characteristics This announcement by KML Technology Group Limited provides company information, highlighting GEM market opportunities for SMEs with higher investment risks and market volatility - KML Technology Group Limited is incorporated in the Cayman Islands, stock code 8065 - The GEM market is designed for small and medium-sized companies, carrying higher investment risks, potential for significant market volatility, and no guarantee of high liquidity Financial Highlights Annual Financial Performance Overview For the reporting year (ended March 31, 2025) the company's revenue slightly increased to 196.1 million HKD, gross profit significantly grew to 39.1 million HKD, and net profit reached 0.1 million HKD, reversing last year's loss; the Board does not recommend a final dividend Financial Highlights Comparison FY2025 vs FY2024 | Metric | FY2025 (Million HKD) | FY2024 (Million HKD) | Change | | :--- | :--- | :--- | :--- | | Revenue | 196.1 | 194.1 | Increased by 2.0 (1.0%) | | Gross Profit | 39.1 | 29.9 | Increased by 9.2 (30.8%) | | Net Profit/(Loss) | 0.1 | (13.8) | Turned Loss into Profit | - The Board does not recommend paying a final dividend for the reporting year (2024: nil) Consolidated Financial Statements Consolidated Statement of Profit or Loss and Other Comprehensive Income For the year ended March 31, 2025, the company's revenue slightly increased, cost of sales decreased, and gross profit significantly grew; administrative expenses decreased, and finance costs were reduced, ultimately achieving a profit before tax of 109 thousand HKD, and recording a profit attributable to owners of the Company for the year of 97 thousand HKD, basic earnings per share of 0.02 HK cents, successfully reversing last year's loss Key Data from Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Revenue | 196,105 | 194,111 | +1.0% | | Cost of Sales | (156,970) | (164,176) | -4.4% | | Gross Profit | 39,135 | 29,935 | +30.8% | | Administrative Expenses | (41,295) | (46,473) | -11.2% | | Profit/(Loss) Before Tax | 109 | (13,944) | Turned Loss into Profit | | Profit/(Loss) for the Year | 97 | (13,793) | Turned Loss into Profit | | Basic Earnings/(Loss) Per Share (HK Cents) | 0.02 | (3.43) | Turned Loss into Profit | Consolidated Statement of Financial Position As of March 31, 2025, total non-current assets slightly increased, and total current assets decreased, but current liabilities significantly reduced, especially with zero bank borrowings, resulting in stable net current assets and a slight increase in total equity Key Data from Consolidated Statement of Financial Position | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Total Non-current Assets | 16,799 | 14,541 | +15.5% | | Total Current Assets | 178,509 | 188,884 | -5.5% | | Total Current Liabilities | 58,720 | 66,957 | -12.3% | | Net Current Assets | 119,789 | 121,927 | -1.8% | | Bank Borrowings (Current Liabilities) | – | 15,000 | -100% | | Total Equity | 136,411 | 136,300 | +0.1% | Notes to the Financial Information Company and Group Information KML Technology Group Limited is incorporated in the Cayman Islands, primarily engaged in investment holding, with its subsidiaries mainly providing E&M engineering solutions and services - The Company's principal business is investment holding, with subsidiaries primarily engaged in providing E&M engineering solutions and services[13] Basis of Preparation and Changes in Accounting Policies The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards, adopting several revised accounting standards for the first time, including lease liabilities in sale and leaseback transactions, liability classification, and supplier finance arrangements, none of which had a material impact on the Group's financial position or performance - Financial statements are prepared in accordance with Hong Kong Financial Reporting Standards issued by the HKICPA, presented in HKD[14] - Newly adopted revised Hong Kong Financial Reporting Standards include: HKFRS 16 (Revised) Lease Liabilities in a Sale and Leaseback, HKAS 1 (Revised) Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants, and HKAS 7 and HKFRS 7 (Revised) Supplier Finance Arrangements[15][16] - The revised accounting standards had no material impact on the Group's financial position or performance[15][16] Revenue and Segment Information The Group's revenue primarily derived from E&M engineering solutions and services, with total revenue slightly increasing by 1.0%; revenue from critical transportation system solutions significantly grew by 74.3%, while mobile ticketing and digital payment solutions and services revenue decreased by 18.8%; Hong Kong is the primary source of revenue Revenue Analysis Total revenue for FY2025 was HKD 196,105 thousand, with E&M technology solutions and engineering services contributing the most, critical transportation system solutions revenue growing significantly, and mobile ticketing and digital payment solutions and services revenue decreasing Revenue Analysis from Customer Contracts | Revenue Source | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Critical Transportation System Solutions | 18,291 | 10,514 | +74.0% | | Mobile Ticketing and Digital Payment Solutions and Services | 44,436 | 54,662 | -18.8% | | E&M Technology Solutions and Engineering Services | 100,856 | 102,750 | -1.8% | | Digital Assembly and Maintenance Services | 30,320 | 25,168 | +20.5% | | Sales of Products, Parts and Components | 2,202 | 1,017 | +116.5% | | Total Revenue | 196,105 | 194,111 | +1.0% | - Regarding revenue recognition timing, most revenue (HKD 193,903 thousand) is recognized over time[18] Performance Obligations As of the reporting period end, the Group's total outstanding contracts amounted to approximately HKD 307.9 million, a decrease from last year, with E&M technology solutions and engineering services still representing the largest share Transaction Price Allocated to Remaining Performance Obligations | Performance Obligation | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Critical Transportation System Solutions | 31,790 | 32,955 | | Mobile Ticketing and Digital Payment Solutions and Services | 93,733 | 100,243 | | E&M Technology Solutions and Engineering Services | 115,688 | 187,293 | | Digital Assembly and Maintenance Services | 66,356 | 20,407 | | Other | 322 | 1,128 | | Total | 307,889 | 342,026 | - The Group operates in a single operating segment, providing E&M engineering solutions and services[20] Geographical Information Hong Kong is the Group's primary revenue source, contributing the vast majority of revenue and non-current assets Revenue and Non-current Assets by Geographical Region | Region | 2025 Revenue (Thousand HKD) | 2024 Revenue (Thousand HKD) | 2025 Non-current Assets (Thousand HKD) | 2024 Non-current Assets (Thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Hong Kong | 195,031 | 193,331 | 8,487 |