Financial Performance - For the fiscal year ending June 30, 2025, the company reported a revenue increase of approximately HKD 188.8 million or 175.8%, reaching about HKD 296.2 million, compared to HKD 107.4 million in the previous year[13]. - The gross profit decreased by approximately HKD 8.5 million or 34.9%, totaling about HKD 15.9 million, down from HKD 24.4 million in the previous year, primarily due to lower margins on significant revenue-generating projects[13]. - The company's revenue increased from approximately HKD 107,403,000 to about HKD 296,204,000, representing a growth of 175.8%[44]. - Revenue from network support and connection services rose by approximately HKD 171,132,000 or 239.0% to about HKD 242,738,000, attributed to the completion of a major project in China[45]. - The gross profit decreased by approximately HKD 8,510,000 or 34.9% to about HKD 15,886,000, with the gross margin dropping from 22.7% to 5.4%[47]. - Sales and service costs increased by approximately HKD 197,311,000 or 237.7% to about HKD 280,318,000, primarily due to hardware costs rising significantly[46]. - The company's loss for the year decreased by approximately HKD 17,586,000 or 61.1% to about HKD 11,197,000, compared to a loss of HKD 28,783,000 in 2024[55]. Business Strategy and Development - The company continues to focus on network support services, network connectivity services, e-commerce, and online gaming IP licensing management, primarily targeting the Malaysian and Chinese markets[12]. - The company aims to enhance its capital strength and resources for future development, aligning with its long-term goal of becoming an influential enterprise and a preferred value-added partner in its business[12]. - The company has been exploring potential business developments to achieve growth and maximize shareholder value since its listing on December 9, 2019[12]. - The group aims to explore blockchain technology services for global enterprises, promoting sustainable business growth[18]. - The group has established strategic partnerships with leading e-commerce platforms and AI companies to diversify its e-commerce business[21]. - The company plans to enhance its marketing team and seek collaborations with more well-known game developers to acquire IP licenses for network game operations[31]. Capital and Funding - The group successfully raised approximately HKD 25,624,000 from the placement of 120,000,000 new shares in April 2024, enhancing financial stability and operational funding[17]. - The company raised approximately HKD 14,578,000 through a secondary placement to support its licensing application, which was temporarily rejected in November 2024[34]. - The first placement raised approximately HKD 25,624,000, with a discount of about 19.26% compared to the last closing price before the placement[78]. - The second placement raised approximately HKD 14,578,000, with a discount of about 19.61% compared to the last closing price before the placement[79]. - The total net proceeds from the first and second placements are HKD 40,202,000, with HKD 11,187,000 already utilized[80]. Blockchain and Virtual Assets - The group has submitted a license application to the Securities and Futures Commission for regulated activities under the Securities and Futures Ordinance, aiming to operate a virtual asset trading platform[16]. - The company is committed to investing in blockchain technology and virtual asset trading, recognizing their potential to fundamentally change the financial and technology sectors[20]. - The company aims to enhance its blockchain capabilities and expand market share by actively participating in the development and application of blockchain solutions across various sectors, including financial services[35]. - The company has received a trust or corporate service provider license for Bitcoin World Custodian under the Anti-Money Laundering Ordinance, enabling it to provide custodial services for virtual asset platforms[34]. Corporate Governance - The board is committed to maintaining high corporate governance standards, believing it is essential for protecting shareholder interests and enhancing company value[167]. - The company has adopted the corporate governance code principles as the foundation of its governance practices, complying with all applicable provisions except for C.2.1[168]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors[173]. - The company has received annual independence confirmations from all independent non-executive directors, ensuring compliance with governance regulations[178]. - The board meets at least four times a year to discuss business development, operations, and financial performance, with additional meetings as necessary[182]. Employee and Talent Management - The company has implemented employee benefits and training programs to address the shortage of technical talent, which poses a risk to its operations[39]. - The total employee cost for the year was approximately HKD 15,706,000, significantly lower than HKD 29,677,000 in 2024[62]. - The company is committed to increasing the number of female employees to achieve gender equality goals[198]. - The company has adopted a board diversity policy to maintain a balanced and diverse board composition[195]. Environmental and Social Responsibility - The group is committed to environmental policies and compliance with laws and regulations, implementing various green measures to minimize environmental impact[95]. - The group made charitable donations of approximately HKD 212,000 for the year ending June 30, 2025, significantly up from HKD 17,000 in 2024[156]. Risk Management - The company is committed to addressing significant risks associated with its business, including technological changes and economic downturns, by regularly reviewing leading indicators and adjusting business strategies accordingly[38]. - The board regularly reviews major risk areas and appropriate risk mitigation strategies, considering the risk management system effective and adequate[41].
比特元宇宙(08645) - 2025 - 年度业绩