Financial Performance - The group recorded total revenue of approximately HKD 49,791,000 for the year ended June 30, 2025, a decrease of about 14.95% compared to HKD 58,541,000 for the year ended June 30, 2024[3]. - Gross profit for the year ended June 30, 2025, was approximately HKD 7,685,000, down from HKD 14,922,000 in the previous year[3]. - The company reported a loss attributable to owners of approximately HKD 8,907,000, resulting in a basic loss per share of HKD 1.11[3]. - Total comprehensive expenses for the year amounted to HKD 9,491,000, compared to HKD 1,556,000 in the previous year[5]. - The company reported a segment profit of HKD 2,720,000 for the year ended June 30, 2024, compared to a loss of HKD 4,594,000 for the year ended June 30, 2025[23]. - The company reported a basic loss per share of HKD 0.0111 for the year ended June 30, 2025, compared to HKD 0.0015 for the year ended June 30, 2024[33]. - The company incurred a total cost of goods sold of HKD 33,313,000 in 2025, compared to HKD 32,432,000 in 2024[31]. Assets and Liabilities - Total assets decreased from HKD 60,827,000 in 2024 to HKD 57,559,000 in 2025, while total liabilities increased from HKD 29,600,000 to HKD 35,823,000 during the same period[24]. - Current assets decreased to HKD 55,471,000 from HKD 59,218,000 year-over-year[6]. - Current liabilities increased to HKD 34,907,000 from HKD 29,600,000 in the previous year[6]. - The company's equity attributable to owners decreased to HKD 41,715,000 from HKD 51,207,000 year-over-year[6]. - The current ratio decreased to approximately 1.59 from 2.00, and the debt-to-equity ratio increased to 110% from 40%[50]. Revenue Segmentation - The group reported total revenue from external customers of HKD 49,791,000, with contributions from swimwear and apparel (HKD 19,989,000), e-commerce and online shopping (HKD 28,858,000), and lending (HKD 944,000)[21]. - The swimwear and apparel segment generated revenue of approximately HKD 19,989,000, down from HKD 32,312,000, with a gross profit margin decreasing to 29.76% from 40.20% due to a reduction in higher-margin orders[46]. - The e-commerce and online shopping segment saw revenue increase to approximately HKD 28,858,000 from HKD 25,092,000, but gross profit margin decreased to 2.74% from 3.16% due to increased procurement costs from market competition[47]. - The lending segment generated revenue and gross profit of approximately HKD 944,000, maintaining a gross profit margin of 100%[48]. Cash and Bank Balances - The group had cash and bank balances of approximately HKD 11,883,000 as of June 30, 2025, with no short-term or long-term borrowings[3]. - As of June 30, 2025, total assets were approximately HKD 57,559,000, down from HKD 60,827,000, with cash and bank balances at approximately HKD 11,883,000 compared to HKD 17,038,000 in the previous year[50]. Accounting Policies and Standards - The application of the revised Hong Kong Financial Reporting Standards did not have a significant impact on the group's financial position and performance[11]. - The group has adopted the revised Hong Kong Accounting Standards for classifying liabilities as current or non-current, which clarifies the assessment of deferred settlement rights[12]. - The group has implemented new disclosure requirements regarding supplier financing arrangements, allowing users to assess the impact on liabilities and cash flows[15]. - The group has not early adopted any new accounting standards that have been issued but are not yet effective, indicating no significant expected impact on future financial statements[18]. - The group’s accounting policies for operating segments are consistent with the overall accounting policies, ensuring uniformity in financial reporting[20]. - The group’s financial statements reflect the impact of new accounting policies retrospectively, ensuring compliance with the latest standards[14]. Employee and Operational Costs - Employee benefits expenses increased to approximately HKD 14,530,000 from HKD 13,367,000, with a total of 88 full-time employees as of June 30, 2025, down from 95[57]. - The company’s employee costs accrued were HKD 15,260,000 in 2025, compared to HKD 14,802,000 in 2024, reflecting an increase of 3.1%[40]. - The company’s financial costs for the year ended June 30, 2025, were HKD 233,000, a decrease from HKD 200,000 in 2024[29]. Risks and Future Outlook - The company identified significant risks, including reliance on five major suppliers for 77% of total procurement and five major customers accounting for 94% of total revenue[51][52]. - The group expects stable performance in the production and sale of swimwear and apparel, with plans to regain reasonable order shares from its largest customer in the coming year[60]. - The group will continue to implement cost-cutting measures and prepare to seize opportunities arising from market recovery[60]. - In the e-commerce and online shopping segment, the group faces increasing market competition and high procurement costs, alongside a decline in demand for high-quality mobile phones[60]. - The group will maintain and develop its lending business, allocating sufficient resources to meet business demands[61]. Dividends and Share Capital - The board does not recommend the payment of any dividend for the year ended June 30, 2025[3]. - The company did not declare or propose any dividends for the year ended June 30, 2025, consistent with the previous year[32]. - The company’s total issued and paid-up share capital remained stable at HKD 1,050,000,000 for both 2025 and 2024[15]. Audit and Compliance - The audit committee has reviewed the group's audited performance for the year[64]. - The company has adopted a code of conduct for directors' securities trading, which complies with GEM listing rules[67]. - The group's auditors have agreed that the preliminary financial data aligns with the draft financial statements for the year[68]. - The annual report will be sent to shareholders and will be available on the company's website at an appropriate time[69]. - The board of directors confirms the accuracy and completeness of the information disclosed in the announcement[71].
中微智码(08041) - 2025 - 年度业绩