优越集团控股(01841) - 2025 - 年度业绩

Annual Results Announcement This section presents the company's comprehensive financial performance and position for the fiscal year Consolidated Statement of Profit or Loss and Other Comprehensive Income The company reported a shift from profit to loss for the year ended March 31, 2025, driven by significant declines in revenue and gross profit | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Change (Thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 97,845 | 125,070 | (27,225) | -21.8% | | Cost of Services | (55,106) | (67,312) | 12,206 | -18.1% | | Gross Profit | 42,739 | 57,758 | (15,019) | -26.0% | | Other Income | 2,730 | 3,391 | (661) | -19.5% | | Selling and Distribution Expenses | (17,701) | (19,223) | 1,522 | -7.9% | | Administrative Expenses | (27,501) | (30,283) | 2,782 | -9.2% | | Impairment Loss on Trade Receivables | (1,347) | (1,723) | 376 | -21.8% | | Finance Costs | (293) | (325) | 32 | -9.8% | | Profit (Loss) Before Tax | (1,373) | 9,595 | (10,968) | -114.3% | | Income Tax Expense | (221) | (982) | 761 | -77.5% | | Profit (Loss) Attributable to Owners of the Company | (1,594) | 8,613 | (10,207) | -118.5% | | Basic and Diluted Earnings (Loss) Per Share (HK cents) | (0.40) | 2.15 | (2.55) | -118.6% | Consolidated Statement of Financial Position As of March 31, 2025, non-current assets decreased, net current assets slightly increased, and total capital and reserves declined | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Change (Thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Non-current Assets | 13,353 | 20,215 | (6,862) | -33.9% | | Current Assets | 116,141 | 123,688 | (7,547) | -6.1% | | Current Liabilities | 21,793 | 33,018 | (11,225) | -34.0% | | Net Current Assets | 94,348 | 90,670 | 3,678 | 4.1% | | Total Assets Less Current Liabilities | 107,701 | 110,885 | (3,184) | -2.9% | | Non-current Liabilities | – | 1,590 | (1,590) | -100.0% | | Capital and Reserves | 107,701 | 109,295 | (1,594) | -1.5% | Notes to the Consolidated Financial Statements This section details company information, accounting standards, significant policies, revenue breakdown, segment information, taxation, profit calculation, dividend policy, and specifics of receivables, payables, and share capital Company Information A.Plus Group Holdings Limited was incorporated in the Cayman Islands, with shares transferred to the Main Board on January 11, 2019, primarily providing financial printing services through subsidiaries - The company was incorporated in the Cayman Islands as an exempted company on April 20, 2015[5] - The company's shares were listed on GEM of the Stock Exchange of Hong Kong on April 19, 2016, and transferred to the Main Board on January 11, 2019[5] - The Company is an investment holding company, with its principal operating subsidiaries engaged in providing financial printing services[6] Application of Revised Hong Kong Financial Reporting Standards The Group first applied revised HKFRS with no material impact on financial performance, noting HKFRS 18 will affect future financial statement presentation - The Group first applied revised accounting standards this year, including HKFRS 16 (Revised), HKAS 1 (Revised), HKAS 7, and HKFRS 7 (Revised)[7][8] - The application of revised HKFRS had no material impact on the Group's financial performance and position for the current and prior periods[8] - New and revised HKFRS issued but not yet effective include HKFRS 18 (Presentation and Disclosure in Financial Statements), which is expected to introduce new presentation and disclosure requirements but is not anticipated to have a material impact on financial position[9][10][12] Significant Accounting Policies Consolidated financial statements are prepared under HKFRS, complying with Listing Rules and Companies Ordinance, using a historical cost basis - The consolidated financial statements have been prepared in accordance with Hong Kong Financial Reporting Standards issued by the HKICPA[13] - The consolidated financial statements have been prepared on a historical cost basis[14] - Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date[15] Revenue The Group's revenue, primarily from Hong Kong financial printing, decreased by 21.8% to HK$97,845 Thousand for the year ended March 31, 2025, with declines across all service categories - Revenue refers to income generated from providing financial printing services in Hong Kong[16] | Service Category | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Change (Thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Results Announcements and Financial Reports | 52,581 | 63,770 | (11,189) | -17.5% | | Corporate Announcements and Shareholder Circulars | 32,783 | 43,039 | (10,256) | -23.8% | | Debt Offering Circulars and IPO Prospectuses | 7,458 | 9,380 | (1,922) | -20.5% | | Fund Documents | 1,091 | 1,397 | (306) | -21.9% | | Others | 3,932 | 7,484 | (3,552) | -47.5% | | Total Revenue | 97,845 | 125,070 | (27,225) | -21.8% | - All revenue is recognized over time, and due to the short expected contract duration, the transaction price allocated to remaining performance obligations is not disclosed[16][17] Segment Information The Group operates as a single financial printing segment in Hong Kong, with all revenue, assets, and liabilities originating there, and no single client exceeding 10% of total revenue - The Group's business constitutes a single reportable and operating segment, primarily engaged in providing financial printing services[18] - All of the Group's revenue is derived from Hong Kong, and its assets and liabilities are located in Hong Kong, thus no geographical information is presented[18] - For the years ended March 31, 2025 and 2024, no single customer contributed more than 10% of the Group's total revenue[18] Income Tax Expense The Group's income tax expense decreased from HK$1,182 Thousand in 2024 to HK$221 Thousand in 2025, primarily due to a shift from profit to loss before tax | Tax Category | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Hong Kong Profits Tax | – | 1,182 | | Deferred Tax | 221 | (200) | | Total Income Tax Expense | 221 | 982 | Profit (Loss) for the Year The year recorded a loss, primarily influenced by salaries, wages, other benefits, depreciation, and impairment loss on trade receivables | Item | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Salaries, Wages and Other Benefits | 33,531 | 41,632 | | Contributions to Defined Contribution Retirement Benefit Schemes | 1,134 | 1,236 | | Total Staff Costs (excluding Directors' and Chief Executive's Emoluments) | 34,665 | 42,868 | | Auditor's Remuneration | 700 | 700 | | Depreciation of Plant and Equipment | 597 | 3,099 | | Depreciation of Right-of-Use Assets | 4,525 | 4,431 | | Trade Receivables Written Off as Irrecoverable | – | (1,238) | Earnings (Loss) Per Share For the year ended March 31, 2025, basic and diluted loss per share was 0.40 HK cents, compared to a profit of 2.15 HK cents last year, mainly due to the loss attributable to owners | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit (Loss) for Basic Earnings (Loss) Per Share Calculation (Thousand HKD) | (1,594) | 8,613 | | Weighted Average Number of Ordinary Shares for Basic Earnings Per Share Calculation (Thousand shares) | 400,000 | 400,000 | | Basic and Diluted Earnings (Loss) Per Share (HK cents) | (0.40) | 2.15 | - The basic and diluted earnings per share for the years ended March 31, 2025 and 2024, were the same, as there were no potential dilutive ordinary shares outstanding[20] Dividends No dividends were paid or proposed by the Company for the year ended March 31, 2025 - No dividends were paid or proposed for the year ended March 31, 2025, nor have any been proposed since the end of the reporting period (2024: Nil)[21] [Trade and Other Receivables](index=8&type=section&id=10.%20%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89