2025-06-27 08:30Financial Performance - For the fiscal year ending March 31, 2025, total revenue was HKD 79,258,009, a decrease of 2.8% from HKD 81,410,133 in the previous year[3]. - Gross profit for the same period was HKD 11,263,173, slightly down from HKD 11,304,123, reflecting a gross margin of approximately 14.2%[3]. - The company reported a net profit of HKD 4,189,979, an increase of 8.7% compared to HKD 3,852,887 in the prior year[3]. - Earnings per share (EPS) for the year was HKD 0.59, compared to HKD 0.60 in the previous year, indicating a slight decline[4]. - Total comprehensive income for the year was HKD (733,795), a significant decrease from HKD 3,430,831 in the previous year[4]. - The total profit before tax for the year ended March 31, 2025, was HKD 5,183,182, down from HKD 4,612,445 in 2024, reflecting an increase of approximately 12.3%[13][14]. - The company reported a total external customer revenue of HKD 79,258,009 for 2025, compared to HKD 81,410,133 for 2024, a decrease of about 2.6%[13][14]. - The company's attributable profit increased by 2.1% year-on-year to HKD 3,251,614,000[39]. - Basic earnings per share rose by 1.7% to HKD 0.60[39]. Assets and Liabilities - Non-current assets totaled HKD 103,673,070, a slight increase from HKD 103,450,545 year-over-year[5]. - Current assets decreased to HKD 44,547,500 from HKD 45,247,179, indicating a reduction in liquidity[5]. - As of March 31, 2025, the group's net current liabilities amounted to HKD 2,354,784,000, a decrease from HKD 5,135,078,000 in the previous year[8]. - The group's total assets less current liabilities increased to HKD 101,318,286,000 from HKD 98,315,467,000 year-on-year[8]. - Non-current liabilities increased to HKD 40,591,581,000 from HKD 37,568,114,000, reflecting a rise in long-term borrowing[8]. - The total equity attributable to the owners of the company was HKD 53,864,695,000, slightly down from HKD 53,927,655,000 in the previous year[8]. - The group reported a total equity of HKD 60,726,705,000, which remained relatively stable compared to HKD 60,747,353,000 last year[8]. - Trade receivables as of March 31, 2025, amounted to HKD 5,699,682,000, an increase from HKD 5,623,799,000 in 2024[24]. - The aging analysis of trade receivables shows that HKD 2,761,029,000 is overdue by more than 365 days as of March 31, 2025, compared to HKD 2,647,000,000 in 2024[25]. - Trade payables and other payables totaled HKD 16,746,886,000 as of March 31, 2025, down from HKD 17,628,751,000 in 2024[28]. Financial Management - The company’s financial expenses decreased to HKD 1,802,182 from HKD 2,121,753, reflecting improved cost management[3]. - The company incurred financial expenses of HKD 1,073,835 in 2025, compared to HKD 1,139,162 in 2024, a decrease of about 5.8%[13][14]. - Financial expenses decreased by 15.1% to approximately HKD 1,802,182,000 compared to the previous year[58]. - The group maintained a stable liquidity ratio of 0.95, up from 0.90 year-on-year, with a net debt-to-equity ratio of 0.788[64]. Revenue Sources and Segments - Revenue sources include natural gas sales, gas connections, engineering design and construction, liquefied petroleum gas sales, value-added services, and other business contracts[10]. - The group operates in several segments, including natural gas sales, gas connections, engineering design and construction, liquefied petroleum gas sales, value-added services, and others[12]. - The group’s performance is evaluated based on the type of products sold or services provided, aligning with its organizational structure[10]. - The segment profit for the gas sales division was HKD 3,306,003 for 2025, compared to HKD 3,062,678 in 2024, indicating an increase of about 7.9%[13][14]. - The segment profit from value-added services was HKD 1,749,601 in 2025, up from HKD 1,582,032 in 2024, marking an increase of approximately 10.6%[13][14]. - The group achieved LPG sales of 3.868 million tons, a decrease of 3.2% year-on-year, with total sales revenue of HKD 19,575,477,000, an increase of 8.9%[50]. - The group reported a revenue of HKD 3,731,560,000 from value-added services, an increase of 2.1% year-on-year, with operating profit rising by 10.6%[52]. Strategic Focus and Future Plans - The company plans to focus on market expansion and new product development to drive future growth[3]. - The company is focusing on urban underground pipeline construction and renovation as part of its long-term investment strategy[37]. - The company is actively participating in the renovation of old pipelines and rural revitalization, creating new development opportunities[38]. - The group aims to enhance its market share in the integrated energy business through both external and internal growth strategies[54]. - The group is focusing on the development of energy storage and diversified energy solutions to meet various customer needs[53]. Compliance and Governance - The company has complied with the corporate governance code as per the listing rules throughout the fiscal year ending March 31, 2025[76]. - The company has adopted the standard code for securities transactions by directors, confirming compliance for the fiscal year ending March 31, 2025[77]. - The annual general meeting is scheduled for August 21, 2025, to discuss the annual report for the year ending March 31, 2025[80].