Revenue and Profit Performance - The Group's total revenue for the year decreased by HK$33.2 million to HK$330.6 million, down from HK$363.8 million in the previous year[16]. - Revenue from the property management segment recorded a modest decline of HK$3.2 million, bringing it to HK$295.1 million[14]. - Profit from the property management segment and related value-added services recorded only a marginal decrease of HK$2.7 million, from HK$29.2 million to HK$26.5 million for the year[16]. - Revenue from property management related value-added services declined by HK$30.0 million, from HK$65.5 million to HK$35.5 million during the year[15]. - Total revenue declined by HKD 33.2 million to HKD 330.6 million, down from HKD 363.8 million in the previous year[19]. - Profit from continuing operations slightly decreased from HKD 29.2 million to HKD 26.5 million, a drop of HKD 2.7 million[19]. Strategic Focus and Business Operations - The strategic discontinuation of the lifestyle entertainment business contributed to a net profit increase of HK$7.3 million and a total profit of HK$24.0 million for the year[13]. - The Group's focus on higher-margin projects has led to an improved cost structure despite the overall revenue decline[16]. - The Group's strategic emphasis on prioritizing higher-margin projects and expanding its presence in industrial parks was highlighted during the year[14]. - The Group plans to strengthen its position in high-margin segments, particularly in industrial park management[21]. - The Group remains focused on the property management segment, confident in maintaining profitability despite challenges in China's real estate sector[69]. Operational Metrics - The number of managed projects decreased, but the total gross floor area under management increased slightly to 9.6 million square meters as of March 31, 2025, compared to 9.2 million square meters as of March 31, 2024[14]. - The number of projects managed decreased from 69 to 57, indicating a strategic realignment[34]. - Revenue from the property management segment was approximately HK$295.1 million for the Year, a modest decline from approximately HK$298.3 million for FY2024[38]. - Property cleaning expenses decreased by HK$8.8 million to approximately HK$59.3 million, representing a decrease of 12.9% for the Year[43]. - Staff costs from Continuing Operations decreased by HK$6.7 million from approximately HK$130.4 million in FY2024 to approximately HK$123.7 million for the Year[44]. Financial Position and Assets - Total current assets were approximately HK$396.5 million as of 31 March 2025, down from approximately HK$448.9 million as of 31 March 2024[51]. - Cash at bank and in hand decreased to approximately HK$103.8 million as of 31 March 2025, down from approximately HK$298.7 million as of 31 March 2024[52]. - The Group's equity as of March 31, 2025, was approximately HKD 250.7 million, up from approximately HKD 230.0 million as of March 31, 2024[58]. - Total interest-bearing borrowings were approximately HK$56.9 million as of March 31, 2025, with a gearing ratio of 0.2[53]. Corporate Governance - The Company has complied with all applicable code provisions in the Corporate Governance Code for the year ended 31 March 2025[96]. - The Board consists of four executive Directors, one non-executive Director, and three independent non-executive Directors as of 31 March 2025[99]. - The independent non-executive Directors represent more than one-third of the Board, ensuring a strong independent element[99]. - The Company is committed to achieving high standards of corporate governance to improve results and corporate image[95]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all Directors throughout the year ended 31 March 2025[97]. Risk Management - The Group's risk management and internal control systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement or loss[163]. - An external independent professional was appointed to review and assess the effectiveness of the Group's risk management and internal control systems, with improvements adopted by the Board[165]. - The Group maintains a risk register to track all identified major risks, which is updated at least annually based on the likelihood of occurrence and potential impact[176]. - The effectiveness of the Group's risk management framework will be evaluated at least annually, with periodic management meetings to update risk monitoring efforts[177]. - As of March 31, 2025, both the Audit Committee and the Board confirmed that there were no material internal control defects, and the risk management and internal control systems were effective and adequate[181]. Shareholder Communication and Dividends - The Company has adopted a dividend policy since January 2014, considering future operations, earnings, capital requirements, and market conditions when proposing dividends[183]. - The payment of dividends is subject to restrictions under the laws of Hong Kong and the Cayman Islands[185]. - The Company has established multiple communication channels for shareholders, including annual general meetings and printed corporate documents[192]. - Shareholders holding at least one-tenth of the paid-up capital have the right to requisition an Extraordinary General Meeting (EGM) for specified business transactions[196]. - The Company will continue to review its dividend policy periodically, with no assurance of specific dividend amounts for any given period[184].
奥克斯国际(02080) - 2025 - 年度财报