Revenue Performance - Revenue from Hong Kong for the year ended March 31, 2025, was approximately HK$166.8 million, an increase of 14.8% from HK$145.6 million in 2024[22]. - Revenue from other Asian regions was approximately HK$122,000, a significant decrease from HK$2.0 million in 2024, with no sales recorded in Macau for the year[22]. - Revenue from Hong Kong and other Asian markets for the year ending March 31, 2025, is approximately HKD 166.8 million and HKD 122 million respectively, compared to HKD 145.6 million and HKD 2 million in 2024[27]. - For the year ended March 31, 2025, the total revenue increased by approximately 13.1% to approximately HK$166.9 million, compared to approximately HK$147.6 million for the same period in 2024[55]. - Revenue from flooring services increased by approximately HK$8.3 million to approximately HK$132.1 million, up from approximately HK$123.8 million in 2024[57]. - Revenue from ancillary services rose by approximately HK$11.1 million to approximately HK$34.0 million, compared to approximately HK$23.0 million in 2024[58]. - Revenue from the sales of materials increased by approximately HK$56,000 to approximately HK$852,000, up from approximately HK$796,000 in 2024[63]. Challenges and Strategies - The Group anticipates challenges ahead due to global economic slowdown, diminished demand in real estate sectors, increased competition, and rising global inflation[23]. - The company anticipates facing challenges in the coming years due to reduced demand in commercial and residential real estate, increased market competition, and rising global inflation[27]. - The Group is implementing diversification strategies to reduce business risks and enhance revenue by exploring investment opportunities globally, focusing on emerging economies in Asia[24]. - The group is actively pursuing a diversification strategy to explore investment opportunities globally, particularly in emerging Asian economies, to mitigate business risks and enhance revenue[28]. - The Group anticipates facing challenges due to the global economic slowdown and uncertainties in the property markets of Hong Kong and Macau, including diminished demand and increased competition[84]. Financial Performance - The profit attributable to owners of the Company decreased from approximately HK$13.9 million in 2024 to approximately HK$8.2 million in 2025[55]. - The Group's gross profit decreased by approximately HK$1.6 million, or approximately 3.0%, from approximately HK$53.3 million for the year ended 31 March 2024 to approximately HK$51.7 million for the year ended 31 March 2025, with a gross profit margin decline from approximately 36.1% to approximately 31.0%[68]. - Net losses from other income and gains amounted to approximately HK$2.1 million for the year ended 31 March 2025, compared to net gains of approximately HK$561,000 for the year ended 31 March 2024[69]. - The impairment loss on trade and retention receivables and contract assets was approximately HK$4.5 million for the year ended 31 March 2025, a significant increase from a reversal of impairment loss of approximately HK$723,000 in the previous year[72]. - General and administrative expenses slightly decreased from approximately HK$33.1 million for the year ended 31 March 2024 to approximately HK$32.7 million for the year ended 31 March 2025[74]. Cash and Assets - As of 31 March 2025, the Group had cash and cash equivalents of approximately HK$33.4 million, down from approximately HK$46.2 million in the previous year[87]. - The total interest-bearing borrowings as of 31 March 2025 were approximately HK$9.1 million, a decrease from approximately HK$15.5 million in the previous year[88]. - The total assets of the Group as of March 31, 2025, were approximately HK$179.9 million, a decrease from approximately HK$181.3 million in 2024[93]. - The current ratio as of March 31, 2025, was approximately 2.8, compared to 2.6 in 2024[93]. - The gearing ratio as of March 31, 2025, was approximately 6.6%, down from approximately 10.9% in 2024[95]. Corporate Governance - The Company has adopted a code of conduct for securities transactions by Directors, confirming full compliance by all Directors for the year ended March 31, 2025[130]. - The Board of Directors is responsible for overseeing the Company's financial and operational performance, meeting regularly to discuss strategies and policies[135]. - The Company has taken out director and officer liability insurance to cover liabilities arising from legal actions against the Directors[136]. - The Company has complied with the principles and applicable code provisions of the Corporate Governance Code for the year ended March 31, 2025[129]. - The Company is committed to maintaining high standards of corporate governance, emphasizing ethics, transparency, and accountability[126]. - The Board consists of four independent non-executive directors, representing at least one-third of the Board, ensuring strong independent judgment[145]. Employee Information - Employee costs for the year ended March 31, 2025, were approximately HK$30.3 million, an increase from approximately HK$27.1 million in 2024[116]. - The Group had a total of 64 employees as of March 31, 2025, compared to 54 employees in 2024[116]. - Approximately 78% of the Group's employees were male, and 22% were female, with plans to increase the proportion of female staff[117]. Board Committees and Meetings - The Company has established four Board committees: Audit, Remuneration, Nomination, and Legal Compliance, each with specific terms of reference[169]. - The Audit Committee held five meetings during the year ended March 31, 2025, with individual attendance records showing Ms. To Yee Man attended 4 out of 4 meetings, Ms. Yu Wan Wah Amparo attended 3 out of 5, and Mr. Wat Danny Hiu Yan attended all 5 meetings[175]. - The Remuneration Committee held one meeting on March 24, 2025, with all members, Mr. Wat Danny Hiu Yan, Mr. Kwong Chi Man, and Ms. Yu Wan Wah Amparo, attending[182]. - The Audit Committee is responsible for reviewing the Group's interim and annual results, ensuring the integrity, transparency, and consistency of financial disclosures[178]. - The Remuneration Committee regularly reviews the remuneration policy and structure for Directors and senior management, considering market levels and Group performance[185].
邝文记(08023) - 2025 - 年度财报