Financial Performance - Total revenue for Kiddieland International Limited for the year ended April 30, 2025, was HKD 196,856,000, a decrease of 8.5% from HKD 215,144,000 in the previous year[4] - Cost of sales decreased to HKD 167,448,000 from HKD 182,459,000, resulting in a gross profit of HKD 29,408,000, down 10.5% from HKD 32,685,000[4] - Operating loss for the year was HKD 5,452,000, an improvement from a loss of HKD 7,899,000 in the previous year[4] - Net loss attributable to owners of the company was HKD 6,985,000, compared to HKD 7,338,000 in the previous year, indicating a reduction in losses[5] - Basic and diluted loss per share was HKD 0.7, unchanged from the previous year[5] - Other income decreased slightly to HKD 125,000 from HKD 129,000, while finance income was HKD 477,000, down from HKD 552,000[4] - Total revenue for the fiscal year ending April 30, 2025, was HKD 196,856,000, a decrease of 8.5% from HKD 215,144,000 in the previous year[22] - Gross profit for the same period was HKD 29,408,000, representing a gross margin of approximately 14.9%[22] - The company reported a net financial income of HKD 82,000, a significant improvement from a net loss of HKD 235,000 in the previous year[24] - The group recorded a net loss attributable to owners of approximately HKD 7.0 million, slightly improved from HKD 7.3 million in 2024[48] Cost Management - Administrative expenses decreased to HKD 21,988,000 from HKD 28,601,000, reflecting cost control measures implemented by the company[4] - Total expenses for the period amounted to HKD 202,553,000, a decrease from HKD 224,098,000 in the previous year, representing a reduction of approximately 9.5%[24] - Sales and distribution expenses were HKD 4,170,000, compared to HKD 2,947,000, indicating an increase of approximately 41.3%[24] - Administrative expenses significantly reduced by 23.1% to approximately HKD 22.0 million (2024: HKD 28.6 million) due to lower employee costs in the laboratory equipment business[54] Asset and Liability Management - Total assets decreased from HKD 58,304 million in 2024 to HKD 53,666 million in 2025, representing a decline of approximately 8.9%[6] - Total liabilities increased from HKD 31,192 million in 2024 to HKD 35,302 million in 2025, indicating an increase of about 13.5%[7] - The company's cash and cash equivalents decreased from HKD 7,340 million in 2024 to HKD 6,967 million in 2025, a reduction of approximately 5.1%[6] - The total equity attributable to the company's owners decreased from HKD 27,112 million in 2024 to HKD 18,364 million in 2025, a decline of about 32.2%[7] - The company's accumulated losses increased from HKD 78,887 million in 2024 to HKD 85,872 million in 2025, reflecting an increase of approximately 8.4%[6] Business Segments - The group operates two business segments: toy business and laboratory equipment business[17] - The laboratory segment reported a revenue of HKD 146,331,000, while the equipment segment generated HKD 50,525,000[22] - The company experienced a net loss of HKD 4,697,000 in the laboratory segment for the fiscal year ending April 30, 2025[22] - The equipment segment reported a loss of HKD 6,868,000, contributing to the overall negative performance[22] Market and Growth Strategies - Kiddieland International Limited is focusing on improving operational efficiency and reducing costs to enhance profitability in the upcoming fiscal year[4] - The company plans to explore new market opportunities and product development to drive future growth[4] - The group plans to participate in laboratory renovation projects across multiple provinces in China, involving a funding scale of approximately RMB 1.357 billion[47] - The group has invested significantly in R&D for smart laboratory products and AI scoring systems to meet the demands of the Chinese education market[46] - The company aims to expand its market share and brand influence, covering all 31 provinces, autonomous regions, and municipalities in the K12 market[75] Taxation and Financial Reporting - The estimated taxable profits for the Hong Kong profits tax are calculated at a rate of 16.5% for the year ending April 30, 2025[25] - The estimated taxable profits for the Chinese subsidiaries are subject to a corporate income tax rate of 25%[25] - The estimated taxable profits for the U.S. subsidiaries are subject to a progressive tax rate ranging from 5% to 39%[25] - The total income tax expense for the year ending April 30, 2025, is HKD 3,315,000[26] Operational Efficiency - The group aims to enhance supply chain resilience through diversified procurement and logistics partnerships, and plans to establish its own warehousing facilities in the U.S.[72] - The group will continue to focus on business system optimization, product innovation, market expansion, and cost reduction in its laboratory equipment business[72] - The company has optimized production processes and supply chain management, reducing operational costs and improving overall efficiency[75] - Customer issue response time has improved by 30% due to enhanced modular design and cloud service support systems[75] Compliance and Corporate Governance - The group has integrated corporate social responsibility strategies into its operations and complies with applicable environmental regulations[66] - The group has not entered into any foreign currency hedging financial instruments as of April 30, 2025[64] - The group has no significant investments other than those in subsidiaries during the year[67] - The group has no capital commitments for the purchase of properties, plants, and equipment as of April 30, 2025[68] - The group has no contingent liabilities as of April 30, 2025[69]
童园国际(03830) - 2025 - 年度业绩