Financial Performance - As of March 31, 2025, the total revenue and investment income of the group was approximately HKD 39.1 million, representing an increase of about 4.6% compared to the previous fiscal year[10] - The group recorded a loss attributable to owners of approximately HKD 2.7 million for the fiscal year 2024-2025, a reduction of about 78.3%[10] - Total revenue and investment income for the year amounted to approximately HKD 39,100,000, an increase of about 4.6% or HKD 1,700,000 compared to HKD 37,400,000 in the previous year[14] - Commission and brokerage fees from securities trading increased by approximately 8.1% to about HKD 4,847,295, up from HKD 4,485,249 in the previous year[14] - Interest income from margin clients rose by approximately 32.1% to about HKD 18,218,874, compared to HKD 13,791,831 in the previous year[15] - Interest income from loan clients decreased by approximately 32.9% to about HKD 10,808,059, down from HKD 16,117,891 in the previous year[16] - The company reported a net trading loss of HKD 208,672 for financial assets measured at fair value through profit or loss, a decrease of 77.8% from the previous year's loss of HKD 940,489[14] - Other income, gains, and losses for the year amounted to approximately HKD 600,000, a decrease from HKD 900,000 in the previous year, primarily due to reduced miscellaneous income from securities and futures brokerage[21] Investment Portfolio - The value of the group's investment portfolio as of March 31, 2025, was approximately HKD 8.7 million, down from approximately HKD 16.1 million in the previous fiscal year[10] - The value of the investment portfolio, including listed and unlisted securities, was approximately HKD 800,000, down from HKD 7,500,000 in the previous year[20] - The total loan portfolio decreased from HKD 78,811,682 to HKD 53,315,414, with a significant reduction in loans due within 12 months[17] Market Conditions - The Hong Kong stock market showed a strong recovery, with the Hang Seng Index rising approximately 40.3% from 16,541 points to 23,207 points over the year[9] - The total fundraising amount in the Hong Kong IPO market reached HKD 87.5 billion in 2024, a significant year-on-year increase of 89%[13] Business Strategy - The group aims to expand its core business and explore new business opportunities to provide better returns to shareholders[10] - The group continues to maintain a balanced investment portfolio through stable income investments, including investment properties and listed equity securities[10] - The group is committed to fulfilling its social responsibilities while expanding its customer base and enhancing its trading platform[10] - The management team expresses confidence in achieving business goals due to the diligent efforts of its senior management and professional team[11] Financial Health - Cash and bank balances increased by approximately 211.6% to HKD 11,300,000 as of March 31, 2025, compared to HKD 3,600,000 as of March 31, 2024[25] - The current ratio improved to approximately 3.7 times as of March 31, 2025, up from approximately 3.0 times in the previous year[25] - The debt-to-equity ratio was approximately 6.1% as of March 31, 2025, a decrease from 15.6% in the previous year[25] Corporate Governance - The company has complied with all corporate governance code provisions as per GEM Listing Rules, except for certain deviations noted in the report[44] - The board of directors currently includes three independent non-executive directors following recent appointments, meeting GEM Listing Rules requirements[46] - The audit committee must consist of at least three members, which the company has achieved after recent appointments[46] - The company has a code of conduct for directors' securities trading, with no reported violations during the fiscal year[48] - The board is responsible for formulating strategies, overseeing performance, and managing risks, supported by three committees: audit, remuneration, and nomination[47] Employee Management - Total employee costs for the year ending March 31, 2025, were approximately HKD 6,800,000, compared to HKD 6,500,000 for the year ending March 31, 2024[30] - The overall employee turnover rate for the year is 6.7%, compared to 7% in 2023, indicating a healthy and normal turnover rate across age groups, genders, and operational locations[110] - The company has established a four-year anti-corruption training program aimed at achieving 100% coverage for all employees[117] Environmental, Social, and Governance (ESG) - The group recorded Scope 2 and Scope 3 greenhouse gas emissions of 30,612 kg CO2 equivalent and 2,066 kg CO2 equivalent respectively, compared to 35,823 kg and 463.3 kg in the previous year[91] - Total energy consumption for the year was 43,732 kWh, down from 51,176 kWh in the previous year[96] - The group has implemented several waste reduction measures, resulting in negligible amounts of non-hazardous waste generated[92] - The board is responsible for formulating ESG strategies and ensuring effective risk management and internal controls[82] Shareholder Information - As of March 31, 2025, the distributable reserves of the group amount to approximately HKD 157,000,000, which includes a share premium of about HKD 130,900,000[143] - The board of directors does not recommend any dividend payment for the current year, consistent with the previous year[138] - Major shareholder Zillion Profit Limited holds 1,500,000,000 shares, accounting for 68.18% of the total shares[172] Risk Management - The company believes that potential foreign exchange risk is limited as its operations are primarily conducted in HKD[34] - The company faces foreign currency risk due to certain assets being denominated in foreign currencies, with no current hedging policy in place[39] - The board has instructed the ESG working group to assess climate-related risks and opportunities, with the potential financial impact of these risks deemed minimal[102][103]
昌利控股(08098) - 2025 - 年度财报