Financial Performance - The group recorded revenue of approximately HKD 68,040,000, a decrease of about 44.38% compared to the previous fiscal year's revenue of approximately HKD 122,320,000[4] - The loss attributable to the owners of the company was approximately HKD 51,650,000, compared to a loss of approximately HKD 27,560,000 in 2024[4] - The group reported a pre-tax loss of approximately HKD 62,161,000, compared to a pre-tax loss of approximately HKD 20,972,000 in the previous year[6] - The group did not recommend the payment of a final dividend for the year ending June 30, 2025, maintaining the previous year's dividend at zero[3] - The company reported a net loss attributable to shareholders of HKD 51,645,000 in 2025, compared to a loss of HKD 27,558,000 in 2024, indicating an increase in losses of 87.61%[29] - The fair value loss on financial assets recognized in profit or loss was approximately HKD 6,620,000, compared to HKD 17,410,000 in 2024[43] Assets and Liabilities - The current ratio was approximately 1.61, while the capital debt ratio was approximately 45.71%[3] - Total assets less current liabilities amounted to HKD 52,977,000, down from HKD 129,590,000 in the previous year[8] - The net value of current assets decreased to HKD 24,900,000 from HKD 90,234,000[8] - The group’s total liabilities increased to HKD 41,058,000 from HKD 17,898,000[7] - The group’s cash and bank balances decreased to HKD 1,541,000 from HKD 8,651,000[7] - The group’s equity attributable to owners decreased to HKD 56,082,000 from HKD 104,630,000[8] Revenue Breakdown - The total revenue for the year ending June 30, 2025, was HKD 68,040,000, with contributions from private education services (HKD 29,858,000), lending (HKD 2,520,000), and digital entertainment (HKD 35,662,000) [18] - Revenue from private education services was approximately HKD 29,860,000, slightly down from HKD 30,520,000 in 2024[44] - The company generated revenue of approximately HKD 24,820,000 from direct-operated education centers, an increase of about 4.37% from HKD 23,780,000 in 2024[46] - Revenue from franchised centers was approximately HKD 4,280,000, up about 9.74% from HKD 3,900,000 in 2024[46] - Revenue from STEAM education services decreased by approximately 69.68% to HKD 570,000 from HKD 1,880,000 in the previous fiscal year[47] - Revenue from VR product sales and related services was approximately HKD 490,000, while game product sales generated about HKD 34,160,000, down from HKD 2,260,000 and HKD 87,100,000 respectively in 2024[47] Impairment and Losses - The company reported a net impairment loss of HKD (22,516,000) on trade receivables for the year ending June 30, 2025[22] - Total losses from impairment of goodwill amounted to HKD 13,153,000 in 2025, with no such losses reported in 2024[24] - The impairment loss on loans receivable increased significantly to HKD 9,706,000 in 2025 from HKD 998,000 in 2024, an increase of 871.43%[35] - The company recognized an additional impairment loss of approximately HKD 9,710,000 for the year, compared to HKD 998,000 in 2024[54] Employee and Operational Costs - The total employee costs decreased to HKD 27,932,000 in 2025 from HKD 30,576,000 in 2024, a reduction of 8.57%[26] - Employee costs decreased by approximately HKD 2,650,000 or 8.67% to about HKD 27,930,000 due to improved cost efficiency from business optimization[69] - Tutor contractor fees increased by approximately HKD 1,060,000 or 42.74% to about HKD 3,540,000 as a result of changes in employee structure for operational flexibility[70] - Marketing expenses significantly decreased by approximately HKD 1,530,000 or 56.46% to about HKD 1,180,000 due to a shift to more cost-effective advertising media[71] - Other operating expenses decreased by approximately HKD 830,000 or 9.76% to about HKD 7,670,000, primarily due to ongoing cost control and operational efficiency measures[72] Corporate Governance and Compliance - The company has adopted the corporate governance code and has complied with all provisions, except for the vacancies in the CEO and Chairman positions since November and December 2017, respectively[95] - The audit committee has reviewed the accounting principles and the audited consolidated performance for the year[101] - The auditors have agreed to the financial statements and related notes included in the performance announcement, but do not provide any guarantees[102] Strategic Direction - The group aims to diversify revenue sources by integrating technology into products and developing new business sectors, including AI-enhanced educational services[75] - The group plans to expand into high-end technology education and solutions, focusing on aerospace, AI, and chip technology[76] Legal and Contingent Liabilities - The company is currently involved in multiple lawsuits, with the outcomes still uncertain and potentially impacting financial status[100] - The group has no significant contingent liabilities as of June 30, 2025, and June 30, 2024[87]
源宇宙教育(01082) - 2025 - 年度业绩