Financial Performance - Total revenue for the year ended June 30, 2025, was HKD 579,400,000, a decrease of 39.6% compared to HKD 959,084,000 for the previous period[4] - The gross profit for the year was HKD 39,499,000, down from HKD 49,905,000, reflecting a decline of 20.0%[5] - The company reported a net loss attributable to owners of HKD 7,450,000, compared to a loss of HKD 132,840,000 in the previous period, indicating an improvement[4] - The company reported a net loss attributable to shareholders of HKD 6,709,000 for the year ended June 30, 2025, compared to a loss of HKD 127,847,000 for the previous year, indicating a significant improvement[6] - Total comprehensive income for the year was HKD 3,273,000, a recovery from a loss of HKD 6,485,000 in the prior year[6] - The company reported a basic loss per share of HKD 1.32 for the year, compared to HKD 28.90 in the previous year, reflecting a substantial reduction in losses[7] - The group reported a net loss of approximately HKD 10,282,000 for the year ending June 30, 2025[15] - The group reported a pre-tax loss of HKD 7,450,000 for the year ending June 30, 2025, and a loss of HKD 132,840,000 for the period from January 1, 2023, to June 30, 2024[36] Revenue Segments - The revenue from carbon neutral business was HKD 4,654,000, while the revenue from digital technology business was HKD 5,703,000, showing significant growth in these segments[4] - The revenue from carbon neutrality consulting and carbon planning services was HKD 4,654,000 for the period ending June 30, 2025, compared to HKD 3,912,000 for the same period in 2024, showing an increase of about 19%[28] - The revenue from civil engineering and construction business for the year was HKD 556.8 million, a decrease from HKD 657.4 million in the previous period[60] - The revenue from carbon credit asset sales was HKD 0 for the period ending June 30, 2025, compared to HKD 229,000 for the same period in 2024[28] Expenses and Costs - The company incurred research and development costs of HKD 12,019,000 during the year, indicating ongoing investment in innovation[5] - Administrative and selling expenses were HKD 75,130,000, down from HKD 102,279,000, reflecting cost control measures[5] - The total cost of goods sold for the year ending June 30, 2025, was HKD 539,901,000, with a significant portion attributed to contract costs of HKD 522,662,000[32] - Employee benefit expenses, excluding directors and highest-paid executives, totaled HKD 84,545,000 for the year ending June 30, 2025[32] - The financial expenses for the year were approximately HKD 29.2 million, a decrease of about HKD 43.4 million or 59.8% compared to the previous period[52] Assets and Liabilities - The company's non-current assets decreased to HKD 62,055,000 from HKD 67,511,000 year-over-year, primarily due to declines in machinery and equipment, and intangible assets[8] - Current assets increased significantly to HKD 397,589,000 from HKD 296,745,000, driven by a rise in carbon credit assets and cash and cash equivalents[8] - The total liabilities of the company were not disclosed, but the financial costs amounted to HKD 29,235,000, down from HKD 72,647,000, indicating reduced borrowing costs[5] - Non-current liabilities rose to HKD 62,344,000 from HKD 34,346,000, largely due to increased borrowings[9] - The total equity attributable to shareholders increased to HKD 22,463,000 from HKD 2,176,000, indicating a positive shift in the company's financial position[9] - The company’s total liabilities increased to HKD 441,052,000 from HKD 365,654,000, indicating a rise in financial obligations[9] - As of June 30, 2025, the group's current liabilities reached HKD 378,708,000, with HKD 162,031,000 of interest-bearing liabilities in default[15] Strategic Focus and Future Plans - The company is focusing on expanding its carbon neutral and digital technology businesses as part of its growth strategy[4] - The company plans to continue developing existing carbon credit assets and explore new carbon projects to ensure supply and enrich its carbon credit portfolio[17] - The group plans to innovate in the new energy sector by developing an integrated business model for solar energy, charging, storage, and management[50] - The group aims to utilize blockchain and artificial intelligence technologies to develop an integrated online and offline platform for lithium battery utilization[50] - The group plans to continue developing customer resources by collaborating with China Everbright Group and China National Chemical Corporation to increase carbon asset sources[70] Corporate Governance and Compliance - The board does not recommend any final dividend for the current year[79] - The group is committed to maintaining high levels of corporate governance to protect shareholder rights and enhance corporate value[80] - The company has fully complied with listing rules regarding the appointment and resignation of independent non-executive directors, with recent changes including the appointment of Mr. Cao Ming as the chairman of the audit committee[82] - The audit committee currently consists of three members, all of whom are independent non-executive directors, and has reviewed the group's accounting principles and policies[86] Regulatory and Reporting Standards - The group has adopted revised Hong Kong Financial Reporting Standards, which became mandatory this year, with no significant impact on the financial position and performance for the current and prior years[19] - The group has not early adopted any newly issued or revised Hong Kong Financial Reporting Standards that are not yet effective, including HKFRS 9 and HKFRS 10, which will affect future financial periods starting on or after specified dates[20] - The introduction of HKFRS 18 will replace HKAS 1 and is expected to improve the presentation and disclosure of financial statements, with the new standard allowing for early application[22][23] Environmental and Sustainability Initiatives - The group emphasizes environmental protection and sustainable development in its civil engineering and construction projects, maintaining ISO 14001 certification for its environmental management system[58] - The group aims to reduce 2% of China's CO2 emissions through natural and technological solutions, targeting a total of 100 million tons of negative carbon emissions[55] - The group successfully registered the first fertilizer centralized treatment project on the VCS platform, achieving an annual reduction of 76,000 tons of CO2 equivalent over a ten-year period[54]
中国碳中和(01372) - 2025 - 年度业绩