Revenue Performance - Total revenue for the fiscal year ending March 31, 2025, decreased by approximately 20.9% to about HKD 40.4 million from approximately HKD 51.1 million in the previous year[11]. - The decline in revenue was primarily due to the absence of election advertising activities, which had previously generated significant income from bus advertisements[11]. - Revenue from private hospitals and clinics media recorded growth, benefiting from the installation of advertising boards and an upgraded clinic platform[11]. - Total revenue decreased by approximately 20.9% from about HKD 51.1 million for the year ended March 31, 2024, to about HKD 40.4 million for the year ended March 31, 2025[13]. - Revenue from bus advertising decreased by approximately 22.8% from about HKD 46.9 million to about HKD 36.2 million, primarily due to the absence of election advertising activities during the reporting period[13]. Financial Performance - Gross profit margin remained stable at approximately 38.0% for the year ended March 31, 2025, compared to about 39.0% for the same period in 2024[15]. - Financing costs decreased from about HKD 1.6 million for the year ended March 31, 2024, to about HKD 1.0 million for the year ended March 31, 2025[20]. - The company recorded a loss attributable to owners of approximately HKD 10.4 million for the year ended March 31, 2025, compared to about HKD 10.5 million for the same period in 2024[21]. - Total operating expenses recorded approximately HKD 4.0 million, primarily due to impairment losses on right-of-use assets and intangible assets[19]. - Sales expenses decreased by approximately 13.0% from about HKD 7.7 million to about HKD 6.7 million, mainly due to reduced commissions paid to the sales team[17]. Corporate Governance - The board emphasizes high standards of corporate governance, adhering to GEM listing rules and corporate governance codes[46]. - The company aims to balance the interests of shareholders, customers, and employees through effective corporate governance practices[46]. - The board includes independent directors with extensive experience in finance and corporate governance, enhancing oversight[42]. - The company has established a compensation committee to ensure fair remuneration practices for executives[41]. - The management team is committed to continuous improvement in corporate governance standards[46]. Strategic Initiatives - The company continues to focus on outdoor advertising services, catering to direct users and advertising agencies[11]. - The company is expanding its advertising portfolio by investing in new advertising platforms, which are expected to provide new revenue sources[8]. - The company is exploring growth opportunities in the Greater Bay Area and other major regions in mainland China, aiming to enhance sales and market share through strategic partnerships[8]. - The company plans to establish a new outdoor media platform at the China Ferry Terminal, enhancing advertising opportunities for businesses targeting travelers[12]. - The company aims to leverage the unique advantages of retail locations in Shenzhen to integrate promotional activities with local businesses, targeting Hong Kong residents traveling to the mainland[38]. Environmental, Social, and Governance (ESG) Efforts - The company is committed to integrating environmental, social, and governance (ESG) elements into its business strategy and planning, with the board overseeing ESG performance[97]. - The company reported an increase in air pollutants due to business growth, with NOx emissions rising from 8.18 kg in the previous year to 11.77 kg this year, SOx from 0.25 kg to 0.40 kg, and PM from 0.60 kg to 0.87 kg[104]. - The company has implemented measures to achieve environmental goals, including avoiding travel during peak hours and encouraging public transport usage[104]. - The company’s management is responsible for collecting and analyzing ESG-related data to minimize operational impacts on the environment[97]. - The company’s environmental, social, and governance report is prepared according to the GEM listing rules and emphasizes the importance of stakeholder engagement[100]. Employee and Labor Practices - The employee turnover rate for females is 40.00% as of March 31, 2025, compared to 22.22% for the previous year[120]. - A total of 23 employees participated in training, representing 85.19% of the workforce, with an average training duration of 8.26 hours per employee[122]. - The company emphasizes the importance of skilled and professionally trained employees for business growth and future success[122]. - The company has not identified any serious violations of labor laws regarding compensation, recruitment, or discrimination in the current year[119]. - The company strictly prohibits the employment of child labor or forced labor in its operations[124]. Shareholder Communication and Rights - Shareholders have the right to request special general meetings if they hold at least 10% of the voting rights[85]. - The company maintains multiple communication channels with shareholders, including annual and interim reports, announcements, and its website[92]. - Shareholders can submit written inquiries to the board, ensuring direct communication regarding their concerns[86]. - The company has adopted a dividend policy since February 11, 2019, which emphasizes maintaining sufficient cash reserves for operational needs and future growth, without a predetermined payout ratio[94]. - The board does not recommend the payment of a final dividend for the year ending March 31, 2025, consistent with the previous year[145]. Risk Management - The board has conducted an annual review of the effectiveness of the risk management and internal control systems, which are deemed effective and adequate[80]. - The risk management framework includes a clear governance structure and reporting mechanisms to manage business operation risks[79]. - The internal audit function is performed by the management, with external consultants engaged to enhance the quality of internal audits[79]. - The group has identified various financial risks, with details provided in the consolidated financial statements[143]. - The global economy is experiencing severe recession or prolonged stagnation, which may negatively impact consumer spending and the group's profit margins[147].
奥传思维控股(08091) - 2025 - 年度财报