Financial Performance - Total revenue for the year ended March 31, 2025, was HKD 102,131,000, a decrease of 15.9% compared to HKD 121,519,000 in the previous year[7] - The company reported a loss attributable to owners of HKD 72,581,000 for the year, compared to a loss of HKD 90,417,000 in the previous year, indicating an improvement of 19.7%[7] - Revenue decreased by 16.0% from approximately HKD 121.5 million for the year ended March 31, 2024, to approximately HKD 102.1 million for the year ended March 31, 2025[28] - Gross loss for the year ended March 31, 2025, was approximately HKD 7.5 million, compared to a gross profit of approximately HKD 2.0 million for the previous year[29] - The company recorded a net loss attributable to owners of approximately HKD 72.6 million for the year ended March 31, 2025, compared to approximately HKD 90.4 million for the previous year[33] - The group recorded a net loss of approximately HKD 72,581,000 and an operating cash outflow of HKD 29,281,000 for the year ended March 31, 2025[190] Assets and Liabilities - Total assets decreased to HKD 250,115,000 from HKD 278,495,000, reflecting a decline of 10.2% year-over-year[7] - Total liabilities also decreased to HKD 235,687,000 from HKD 260,675,000, a reduction of 9.6%[11] - The net asset value decreased to HKD 14,428,000 from HKD 17,820,000, a decline of 19.5% year-over-year[7] - As of March 31, 2025, the total borrowings of the group amounted to approximately HKD 154.1 million, down from HKD 171.9 million as of March 31, 2024[36] - The group's cash and bank balances were approximately HKD 7.5 million as of March 31, 2025, compared to HKD 9.7 million as of March 31, 2024[38] Business Strategy and Operations - The company is actively seeking buyers for its two plots of land and the hotel in Osaka, Japan, as part of a strategy to reduce its business in Japan[17] - A new comprehensive smart personal care brand has been developed, focusing on integrating AI devices and healthcare materials for a new personal care experience[17] - The company aims to maintain stable cash flow without excessive development, indicating a conservative approach to its expansion strategy[17] - The company plans to implement a low-risk bidding strategy and strict cost control measures to enhance competitiveness[19] - The company aims to expand its customer base and business scope to capture future opportunities[19] Revenue Sources - Revenue from renovation, addition, and decoration works accounted for 67.0% of total revenue, increasing from 46.4% in the previous year[21] - The expected total revenue from ongoing projects as of March 31, 2025, is approximately HKD 73.8 million[22] - The company has 1 ongoing building construction project, 24 renovation projects, and 8 restoration projects of historical buildings as of March 31, 2025[21] Management and Governance - The board of directors emphasizes the importance of corporate governance and has adopted the principles and code provisions of the Corporate Governance Code as per the Listing Rules since the company's listing[60] - The board consists of executive and independent non-executive directors, ensuring a balanced skill set and independent judgment for the group's development and performance[66] - The company has established several board committees, including the audit committee, remuneration committee, and nomination committee, each with specific written terms of reference[73] - The audit committee is chaired by an independent non-executive director, ensuring oversight of financial reporting and compliance[73] Compliance and Risk Management - The company has implemented enhanced monitoring measures to prevent similar unauthorized events from occurring in the future[35] - The board is responsible for maintaining effective risk management and internal control systems, which are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatements or losses[82] - The company does not have an independent internal audit department but has implemented sufficient measures to fulfill internal audit functions across various aspects of the group[83] Shareholder Information - The company does not recommend any dividend payment for the year ending March 31, 2025, consistent with the previous year[100] - The board will review the dividend policy as appropriate, considering factors such as operating performance, cash flow, and future prospects[105] - The company has a policy to ensure shareholders' rights are respected and encourages their participation in meetings[92] Environmental and Quality Management - The group has obtained ISO 14001:2015 certification for its environmental management system, ensuring compliance with environmental regulations[140] - The group has implemented measures to control air pollution, including monitoring vehicle leaks and prohibiting high-emission machinery[140] - The company has established a Quality Management System (QMS) certified to ISO 9001 standards to ensure service quality[136] Audit and Financial Reporting - The independent auditor's report confirmed that the consolidated financial statements fairly reflect the group's financial position as of March 31, 2025[154] - The audit aimed to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error[167] - The audit procedures included evaluating the group's controls related to contract asset monitoring and sampling key data inputs and assumptions for expected credit loss provisions[162]
迪米生活控股(01667) - 2025 - 年度财报