泰锦控股(08321) - 2025 - 年度业绩

Annual Results Announcement Financial Highlights The company's revenue grew 6.6% to HK$40.6 million, with net loss narrowing significantly to HK$5.9 million Financial Summary | Metric | For the year ended April 30, 2025 | For the year ended April 30, 2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | Approx. HK$40.6 million | Approx. HK$38.1 million | +6.6% | | Net Loss | Approx. HK$5.9 million | Approx. HK$11.4 million | -48.2% | | Basic Loss Per Share | 2.39 HK cents | 4.63 HK cents | -48.4% | | Final Dividend | Not Recommended | Nil | - | Consolidated Financial Statements The company's gross profit doubled and operating loss narrowed while maintaining a debt-free balance sheet Consolidated Statement of Profit or Loss and Other Comprehensive Income Revenue grew 6.3% to HK$40.55 million, with gross profit surging 137% and net loss narrowing to HK$5.888 million Key P&L Items | Item (HK$ '000) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 40,550 | 38,132 | | Gross Profit | 1,716 | 724 | | Operating Loss | (5,888) | (11,409) | | Total Loss for the Year | (5,888) | (11,409) | | Basic Loss Per Share (HK cents) | (2.39) | (4.63) | Consolidated Statement of Financial Position Total assets stood at HK$77.6 million and net assets at HK$58.9 million, with a notable decrease in cash reserves Key Balance Sheet Items | Item (HK$ '000) | 2025 | 2024 | | :--- | :--- | :--- | | Assets | | | | Non-current Assets | 3,776 | 3,836 | | Current Assets | 73,848 | 80,071 | | Including: Cash and Bank Balances | 3,074 | 10,487 | | Liabilities and Equity | | | | Current Liabilities | 18,725 | 19,120 | | Net Assets | 58,899 | 64,787 | | Total Equity | 58,899 | 64,787 | Summary of Notes to the Financial Statements The company operates as a single segment in Hong Kong construction, with high customer concentration and no dividend paid - The Group is principally engaged in site formation and renovation works in Hong Kong, operating as a single segment[7][18] - No dividend was declared or paid by the company during the year[24] Revenue from Major Customers | Major Customer | Revenue (HK$ '000) - 2025 | Revenue (HK$ '000) - 2024 | | :--- | :--- | :--- | | Customer A | 29,048 | 19,655 | | Customer B | 4,827 | 18,477 | | Customer C | 6,675 | – | Management Discussion and Analysis Management highlights revenue growth and improved profitability amid market challenges, supported by a sound financial position Business Review and Outlook The company faces a challenging market but sees opportunities in government spending, planning to diversify into property - The core business comprises site formation and renovation works in Hong Kong[31] - Market outlook: The company faces challenges from rising operating costs and intense competition, but opportunities exist from government infrastructure investment[31] - Future strategy: The company will focus on its core business while seeking diversification into areas like property development and investment[31] Financial Review Revenue grew 6.6% to HK$40.6 million and gross margin doubled, while net loss narrowed due to higher other income Financial Performance | Financial Metric | FY2025 | FY2024 | Reason for Change | | :--- | :--- | :--- | :--- | | Revenue | Approx. HK$40.6 million | Approx. HK$38.1 million | Increase in site formation and renovation projects | | Gross Profit Margin | Approx. 4.2% | Approx. 1.9% | Increased revenue from high-margin contracts | | Administrative Expenses | Approx. HK$6.0 million | Approx. HK$3.9 million | Increase in legal fees and staff costs | | Net Loss | Approx. HK$5.9 million | Approx. HK$11.4 million | Increased other income and reduced impairment losses | Liquidity and Financial Resources The Group's cash position decreased to HK$3.1 million due to operating activities, while maintaining a zero gearing ratio - Cash and bank balances decreased from approximately HK$10.5 million to approximately HK$3.1 million, primarily due to cash used in operations[38][40] - As of April 30, 2025, the Group's gearing ratio was zero, and it had no pledged assets[39][42] Analysis of Significant Investments The Group holds listed equity investments of HK$21.2 million, representing 27.3% of total assets - The Group mitigates investment risk by maintaining a diversified portfolio across various business sectors and will adjust its strategy as needed[52] Listed Equity Investments | Company Name | Fair Value (HK$ '000) | Approx. % of Total Assets | | :--- | :--- | :--- | | Hao Wen Holdings Limited | 3,888 | 5.0% | | China Smarter Energy Group Holdings Limited | 5,410 | 7.0% | | Other listed securities | 11,878 | 15.3% | | Total | 21,176 | 27.3% | Corporate Governance and Other Information The company has complied with the Corporate Governance Code, with the Audit Committee having reviewed the annual results - The company complied with the Corporate Governance Code, with a deviation where some board meeting notices were less than 14 days to facilitate timely decisions[54] - During the reporting period, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[57] - The Audit Committee has reviewed the annual results and confirmed that this announcement provides adequate disclosure[63]