Financial Performance - The company's revenue for the year ended June 30, 2025, was HKD 98,165,000, representing an increase of 8.5% from HKD 90,277,000 in 2024[4] - Gross profit decreased to HKD 7,604,000, down 23.7% from HKD 9,966,000 in the previous year[4] - Operating loss improved to HKD 11,040,000, compared to a loss of HKD 19,438,000 in 2024, indicating a reduction of 43.5%[4] - The net loss for the year was HKD 10,335,000, a significant improvement from HKD 19,245,000 in the prior year, reflecting a 46.3% decrease[4] - Basic and diluted loss per share was HKD 1.21, down from HKD 2.42 in 2024, showing a 50% improvement[5] - The group reported a loss before tax of HKD (10,344,000) for 2025, an improvement from a loss of HKD (19,282,000) in 2024[19] - The company reported a loss attributable to owners of approximately HKD 10,300,000 for the year ending June 30, 2025, down from HKD 19,200,000 for the year ending June 30, 2024[40] Assets and Liabilities - Total assets decreased to HKD 76,598,000 from HKD 85,549,000, a decline of 10.8% year-over-year[6] - Current liabilities decreased significantly to HKD 28,994,000 from HKD 50,913,000, a reduction of 43.0%[6] - The company's equity attributable to owners decreased to HKD 76,411,000 from HKD 84,431,000, a decline of 9.4%[6] - The group’s trade payables as of June 30, 2025, amount to HKD 3,882,000, down from HKD 19,491,000 in 2024[27] - As of June 30, 2025, the company maintained a strong liquidity position with cash and bank balances of approximately HKD 22,800,000, up from HKD 17,100,000 as of June 30, 2024[41] - The current ratio increased to approximately 2.4 times as of June 30, 2025, compared to 1.9 times as of June 30, 2024[41] Business Operations - The company has a primary business focus on investment holding and property construction services in Hong Kong[9] - The group's revenue from construction services for the year 2025 was HKD 98,165,000, an increase of 8.5% from HKD 90,277,000 in 2024[11] - Major clients contributing over 10% of total revenue included Client A with HKD 53,530,000 and Client B with HKD 35,417,000 in 2025, compared to Client A's HKD 26,528,000 in 2024[15] - The group submitted 32 tenders for construction projects totaling approximately HKD 1,398,000,000, successfully securing contracts worth HKD 234,000,000[32] - The group anticipates that the recovery of the Hong Kong real estate market will create more opportunities in the construction industry[32] Employee and Operational Costs - The group’s total employee costs for 2025 amounted to HKD 18,690,000, a decrease from HKD 19,966,000 in 2024[19] - The company employed a total of 29 employees, with employee costs for the year amounting to approximately HKD 18,700,000, down from HKD 20,000,000 the previous year[57] - Administrative expenses decreased by approximately 16.8% from HKD 22,200,000 for the year ending June 30, 2024, to HKD 18,500,000 for the year ending June 30, 2025, mainly due to reductions in legal, professional fees, and employee costs[37] Financial Management and Governance - The group’s financial position remains robust, with a low debt-to-asset ratio reflecting prudent financial management[32] - The company has complied with the corporate governance code throughout the year ending June 30, 2025[62] - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending June 30, 2025, confirming compliance with applicable accounting standards and GEM listing rules[79] Investments and Acquisitions - The group acquired a 45% stake in Expert Lead Holdings Limited for approximately HKD 4,444,000, including an initial consideration of HKD 3,500,000[21] - The company completed the acquisition of 45% of Expert Lead Holdings Limited for a maximum cash consideration of HKD 4,500,000 on July 4, 2024[51] - The company has no significant investments outside of its joint ventures and subsidiaries as of June 30, 2025[58] Shareholder Information - The group did not declare any dividends for the years ending June 30, 2025, and June 30, 2024[20] - The company will not propose a final dividend for the year ending June 30, 2025, consistent with the previous year where no dividend was declared[81] - The total number of shares available for issuance under the share plan is 79,594,000, representing 8.62% of the total issued share capital as of the announcement date[69] - The company issued a total of 127,350,000 subscription shares at a price of HKD 0.019 per share, raising approximately HKD 2,400,000 before expenses[52] - The net proceeds from the subscription, after deducting related expenses, amounted to approximately HKD 2,300,000, which will be used for general working capital[54] Market Outlook - The board remains cautiously optimistic about the gradual recovery of the real estate industry and its positive impact on the construction sector, identifying significant growth opportunities[33] - The company has a strong financial foundation that provides flexibility to respond to market fluctuations and capitalize on emerging opportunities[32]
宏强控股(08262) - 2025 - 年度业绩