Financial Performance - The group's revenue for the year ending March 31, 2025, was approximately HKD 435.3 million, an increase of about HKD 135.9 million or 45.4% compared to HKD 299.4 million for the year ending March 31, 2024[9]. - The net profit for the year ending March 31, 2025, was approximately HKD 45.7 million, compared to HKD 40.8 million for the previous year[10]. - Other income and gains for the year ended March 31, 2025, were approximately HKD 5.1 million, up from HKD 2.2 million for the year ended March 31, 2024, primarily due to early lease termination income[23]. - Employee costs increased to approximately HKD 170.4 million for the year ended March 31, 2025, compared to HKD 100.3 million for the year ended March 31, 2024, due to an increase in the number of beauty centers[24]. - Other expenses for the year ended March 31, 2025, were approximately HKD 93.7 million, an increase of about HKD 30.8 million from HKD 62.9 million for the year ended March 31, 2024, driven by increased consultation fees and marketing expenses[29]. - The total equity of the group as of March 31, 2025, was approximately HKD 106.1 million, up from HKD 60.3 million as of March 31, 2024[33]. - The group incurred capital expenditures of approximately HKD 64.2 million for the year ended March 31, 2025, compared to HKD 13.5 million for the year ended March 31, 2024, due to an increase in the number of beauty centers[34]. - The debt-to-equity ratio as of March 31, 2025, was 87.1%, up from 75.6% as of March 31, 2024, primarily due to an increase in lease liabilities[38]. - The group had a bank balance and cash of approximately HKD 40.6 million as of March 31, 2025, compared to HKD 19.3 million as of March 31, 2024[33]. - As of March 31, 2025, the group had unsecured and secured bank borrowings of approximately HKD 13.0 million, an increase from HKD 10.0 million in 2024[45]. Business Operations and Strategy - The company opened several new centers in key locations, including a flagship center in Causeway Bay and additional centers in Tsim Sha Tsui, Shatin, and Kowloon Bay, to enhance market penetration and profitability[17]. - New brands were launched, including "Angus' Beauty Concept," "LASERKOOL," and "Face It," to diversify service offerings and attract a broader customer base[17]. - The business environment in Hong Kong improved compared to the previous year, contributing to the revenue growth[18]. - The increase in revenue was attributed to improved consumer sentiment and ongoing marketing efforts[12]. - The company plans to continue evaluating development opportunities to strengthen its competitive advantage and maintain its industry leadership[12]. - The strategic expansion of the medical beauty center network aims to enhance service variety and highlight competitive advantages[17]. - The company is optimistic about the industry's future and aims for sustained growth through brand image and effective marketing activities[12]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules and has complied with all applicable provisions during the year[121]. - The audit committee has reviewed the audited consolidated financial statements for the year ending March 31, 2025, ensuring compliance with applicable accounting standards and GEM listing rules[118]. - The company has established three committees: audit committee, remuneration committee, and nomination committee, each with specific written terms of reference[138]. - The independent non-executive directors ensure high standards of regulatory reporting and provide independent judgment on corporate actions[134]. - The company provides training for newly appointed directors to ensure they understand their duties and the business operations[137]. - The board regularly reviews and manages its capital structure to ensure optimal shareholder returns, considering factors such as financial performance and capital needs[176]. - The company has engaged an independent auditor, with audit services costing HKD 480,000 for the fiscal year ending March 31, 2025[165]. Environmental, Social, and Governance (ESG) Initiatives - The company is committed to enhancing its environmental, social, and governance (ESG) reporting systems to improve data collection and reporting quality[177]. - The ESG report covers the company's performance for the fiscal year ending March 31, 2025, and aims to address stakeholder concerns regarding long-term sustainability[178]. - The company adheres to the latest ESG reporting guidelines as per the GEM listing rules, ensuring compliance with mandatory disclosure requirements[179]. - The board is responsible for monitoring and publishing the company's sustainability performance through annual ESG reports[180]. - The company aims to minimize the environmental and social impacts of its business development through regular reviews of ESG goals[183]. - Key ESG issues identified include greenhouse gas emissions, waste management, energy consumption, and employee welfare[192]. - The company engages with stakeholders to understand their expectations and concerns regarding its environmental and social activities[188]. - The board has approved the ESG working committee's assessment, integrating key ESG issues into the overall risk management framework[192]. Shareholder and Dividend Information - The company did not recommend a final dividend for the year ending March 31, 2025, consistent with the previous year[11]. - The company reported that the reserves available for distribution to shareholders as of March 31, 2025, are approximately zero HKD, consistent with the previous year[75]. - The company maintains a dividend policy that is regularly reviewed, although specific dividend payments cannot be guaranteed for any given period[175]. Risk Management - The group has identified various risks and uncertainties that may affect its financial condition, operating results, and business outlook[64]. - The board is responsible for evaluating the nature and extent of risks associated with achieving strategic objectives and maintaining effective risk management systems[152]. - An independent internal control consultant has been appointed to review the effectiveness of the internal control system annually, ensuring major risks are kept within acceptable limits[155]. - The Audit Committee assists the board in continuously reviewing the effectiveness of the company's risk management and internal control systems[156].
亮晴控股(08603) - 2025 - 年度财报