Financial Performance - The company's revenue for the year ended March 31, 2025, was HKD 238,977,000, a decrease of 33.1% compared to HKD 357,111,000 for the previous year[3]. - Gross profit for the year was HKD 97,748,000, representing a significant increase of 586.5% from HKD 14,204,000 in the prior year[3]. - The company reported a net loss of HKD 73,810,000 for the year, compared to a profit of HKD 11,027,000 in the previous year, indicating a negative turnaround[3]. - The total comprehensive loss for the year was HKD 76,437,000, compared to a comprehensive income of HKD 10,966,000 in the prior year[6]. - The company reported a cumulative loss of HKD 445.385 million in 2025, up from HKD 369.291 million in 2024, indicating an increase in losses of about 21%[9]. - The company reported a loss attributable to owners of HKD 76,094,000 in 2025, compared to a profit of HKD 14,759,000 in 2024, resulting in a basic loss per share of HKD 0.97[48]. Expenses and Liabilities - Administrative expenses rose to HKD 101,774,000, up from HKD 47,053,000, reflecting an increase of 116.5%[3]. - The company incurred a financial loss of HKD 9,144,000, compared to a loss of HKD 11,666,000 in the previous year, showing an improvement of 21.5%[3]. - Current liabilities rose significantly to HKD 328.571 million in 2025 compared to HKD 192.279 million in 2024, indicating an increase of about 71%[9]. - The total equity attributable to owners decreased to HKD 192.914 million in 2025 from HKD 282.974 million in 2024, reflecting a decline of approximately 32%[9]. - The company incurred total depreciation and amortization expenses of HKD 6,243,000, reflecting ongoing investments in property, plant, and equipment[32]. Assets and Cash Flow - Total assets increased to HKD 559.694 million in 2025 from HKD 478.159 million in 2024, representing a growth of approximately 17%[8]. - Cash and cash equivalents decreased to HKD 21.898 million in 2025 from HKD 67.730 million in 2024, a drop of about 68%[8]. - Inventory levels decreased to HKD 3.361 million in 2025 from HKD 8.261 million in 2024, showing a reduction of approximately 59%[8]. - The net current asset value decreased to HKD 32.709 million in 2025 from HKD 42.561 million in 2024, a decline of approximately 23%[9]. Revenue Segmentation - For the fiscal year ending March 31, 2025, total revenue from customer contracts reached HKD 234,879,000, with contributions from various segments including HKD 90,040,000 from electronics and HKD 76,972,000 from food trading[24]. - The financial services segment generated HKD 55,171,000 in revenue, contributing significantly to the overall performance of the group[30]. - The revenue for the food trading segment was approximately HKD 77 million, a decrease of 28.1% compared to the previous year, contributing about 32.2% to the group's total revenue[111]. Acquisitions and Investments - The company completed the acquisition of 100% of Ocean Fresh for HKD 7,078,000, which will be paid in cash[88]. - The company completed the acquisition of 82% of Wealth Management Limited for HKD 1,400,000, which is expected to provide new revenue sources and opportunities for expansion in Hong Kong's financial services sector[93]. - The goodwill recognized from the acquisition of Ocean Fresh is HKD 14,475,000, which includes employee-related synergies[90]. Market Conditions and Future Outlook - The computer and electronics trading business in Hong Kong is facing significant challenges due to global economic slowdown, with a notable decline in growth rates and a reduction in the number of trading companies[94]. - The food trading sector in Hong Kong is experiencing difficulties due to economic uncertainty and changing consumer behavior, leading to a decline in retail market sales and restaurant numbers[95]. - The market is expected to gradually recover in 2025, driven by lower commercial rents and policies aimed at attracting mainland Chinese tourists, which may increase consumer spending[96]. - The family office services industry in Hong Kong is expected to experience significant growth in 2024 and 2025, driven by regional economic stability and favorable regulatory frameworks[101]. Corporate Governance and Compliance - The company is committed to high standards of corporate governance to protect shareholder interests and enhance corporate value[173]. - The audit committee has been established to oversee the group's financial reporting, risk management, and internal control procedures[174]. - The board does not recommend the payment of a final dividend for the year ending March 31, 2025, consistent with the previous year[165].
亨利加集团(03638) - 2025 - 年度业绩