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 20.6%[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 owners 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] Expenses and Costs - The company experienced an operating loss of HKD 405,000, significantly improved from HKD 131,180,000 in the previous period[5] - Administrative and selling expenses decreased to HKD 75,130,000 from HKD 102,279,000, showing a reduction of 26.5%[5] - The financial costs decreased to HKD 29,235,000 from HKD 72,647,000[5] - The group reported interest expenses of HKD 29,235,000 for the period ending June 30, 2025, down from HKD 72,647,000 for the same period in 2024, indicating a significant reduction of approximately 59.8%[31] - The total revenue cost for the year ending June 30, 2025, was HKD 539,901,000, compared to HKD 909,179,000 for the previous period[32] - The employee benefit expenses (excluding directors and highest-paid executives) totaled HKD 84,545,000 for the year ending June 30, 2025[32] - The deferred tax expense for the year ending June 30, 2025, was HKD 9,213,000, compared to HKD 1,071,000 for the previous period[35] 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 a reduction in right-of-use assets 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] - Total liabilities increased to HKD 441,052,000 from HKD 365,654,000, with current liabilities rising to HKD 378,708,000 from HKD 331,308,000[9] - The company's equity attributable to owners rose to HKD 22,463,000 from HKD 2,176,000, indicating a recovery in shareholder value[9] - The group has contingent liabilities related to performance guarantees provided to banks amounting to HKD 15.2 million as of June 30, 2025, down from HKD 16.8 million in the previous year[43] Business Strategy and Future Outlook - The company plans to focus on expanding its carbon neutral business and digital technology sectors in the upcoming fiscal year[3] - Future guidance indicates a cautious outlook due to market conditions, with a focus on cost management and operational efficiency[3] - The company plans to continue focusing on market expansion and new product development to drive future growth[10] - 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 invest more resources in the new energy business sector, particularly in battery recycling and establishing a recovery network[72] Segment Performance - The segment performance for the global carbon neutrality business showed a profit of HKD 25,265,000, while the civil engineering and construction business reported a loss of HKD 61,905,000 for the period ending June 30, 2025[26] - Revenue from civil engineering and construction business for the year was HKD 556.8 million, down from HKD 657.4 million in the previous period, with a gross profit of HKD 34.2 million and a gross margin of 6.1%[60] - The total contract amount for significant ongoing construction projects as of June 30, 2025, was approximately HKD 300 million, with unpaid amounts of HKD 115 million, compared to HKD 371 million and HKD 49 million respectively in the previous year[61] Regulatory and Compliance - The group has adopted revised Hong Kong Financial Reporting Standards (HKFRS) for the current fiscal year, which includes HKFRS 16 related to lease liabilities[19] - No early adoption of newly issued or revised HKFRS that are not yet effective has been made by the group[20] - The new HKFRS 18 will replace HKAS 1 for the presentation and disclosure of financial statements, introducing new requirements for performance indicators[22] - The group is evaluating the detailed impact of HKFRS 18 on its consolidated financial statements[23] Corporate Governance - The board does not recommend any final dividend payment for the current fiscal year[79] - The company has fully complied with the listing rules regarding the appointment and resignation of independent non-executive directors, with recent changes including the appointment of Ms. Qiao Yanlin and Mr. Cao Ming[81][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] - There have been no significant events affecting the group since the end of the reporting period[87]
中国碳中和(01372) - 2025 - 年度业绩