Financial Performance - The company's revenue for the year decreased to approximately RMB 70.9 million, a decline of about 0.75% compared to RMB 71.4 million in the previous year[7][11] - Gross profit for the year was approximately RMB 20.2 million, an increase from RMB 18.2 million in the previous year[11] - The company recorded a profit before tax of approximately RMB 0.6 million, a significant improvement from a loss of RMB 3.4 million in the previous year[11] - The loss attributable to equity holders of the company was approximately RMB 5.0 million, compared to RMB 10.0 million in the previous year[11] - Basic loss per share for the year was RMB 0.17, down from RMB 0.34 in the previous year[11] - Revenue from operations outside mainland China amounted to RMB 70,884,000, slightly down from RMB 71,415,000 in the previous year[18] - The company reported a loss for the year, with financial status detailed in the financial statements on pages 45 to 48[117] Equity and Assets - The total equity of the group decreased to RMB 116.8 million[7] - The total equity attributable to owners decreased by approximately RMB 4,980,000 to about RMB 99,245,000 as of June 30, 2025[24] - As of June 30, 2025, the company has no reserves available for cash distribution, with a share premium balance of RMB 678,834,000 that can be distributed in the form of bonus shares[122] - The group reported a significant inventory value of RMB 41,827,000 for completed properties held for sale and RMB 62,419,000 for parking spaces, indicating substantial assets[191] Property Management and Development - The company owns and manages properties with a total area of approximately 254,248 square meters and has 515 parking spaces[8][12] - The company acquired 51% stakes in Shenzhen Hailian and Huizhou Huiyang, which manage properties totaling approximately 3,050,000 square meters[12] - The guaranteed net profit for Shenzhen Hailian and Huizhou Huiyang for the year ending December 31, 2024, is not less than RMB 6.2 million, which has been achieved[12] - The property management services business continued to develop, providing stable income[16] - The group manages properties totaling approximately 3,050,000 square meters in the Greater Bay Area, indicating growth potential in Shenzhen and Huizhou[20] - The Xuzhou project includes 515 parking spaces and three 3-story commercial buildings, expected to positively contribute to the group's expertise in property management[19] Governance and Board Structure - 毛仰光先生自2023年7月起担任执行董事、主席及行政总裁，拥有超过28年的行业经验[40] - 杜云先生自2020年6月起担任执行董事，拥有超过30年的政府及私营部门工作经验[40] - 董事会于2025年6月30日包括2名执行董事及3名独立非执行董事，确保成员组合的平衡[47] - 本年度董事会举行6次会议，所有出席率均为100%[50] - 本公司遵守上市规则附录C1的企业管治守则，尽管主席与行政总裁的角色由同一人兼任[46] - The company has established a continuous professional development program for all directors to ensure they remain informed and contribute effectively to the board[53] - The audit committee, composed entirely of independent non-executive directors, held two meetings to review the consolidated financial statements for the year ending June 30, 2024[66] - The company has confirmed that all independent non-executive directors meet the independence criteria set forth in the listing rules[60] Compensation and Remuneration - The total employee compensation for the year was approximately RMB 38,816,000, down from RMB 41,904,000 in the previous year[28] - The remuneration committee held three meetings during the year to review the compensation of the board and senior management, with a 100% attendance rate from its members[63] - As of June 30, 2025, one senior management member received compensation in the range of HKD 1,000,001 to HKD 1,500,000[65] - The remuneration committee is responsible for proposing the remuneration policy for directors and senior management, aligning it with the company's objectives[63] Risk Management and Internal Controls - The internal audit department is responsible for ensuring effective governance, risk management, and internal controls across all departments and subsidiaries[80] - The company conducts regular assessments of its risk management and internal control systems, with reviews occurring twice a year[80] - The company emphasizes the importance of risk awareness and management across strategic planning, operations, and compliance with laws and regulations[77] Shareholder Communication and Policies - The company has established a shareholder communication policy to ensure timely and equal access to information for shareholders and potential investors[96] - The company emphasizes electronic communication with shareholders to reduce environmental impact and improve information dissemination[102] - The company has mechanisms in place for shareholders to request special meetings if they hold at least 10% of the voting rights[92] - The company has not made any changes to its organizational documents during the year[95] - The company emphasizes the need for shareholders to submit proposals at least six weeks before meetings to ensure proper consideration[97] Share Option Schemes - The 2003 Share Option Scheme allows for the issuance of up to 40,262,500 shares, representing 10% of the issued shares as of January 9, 2003[132] - The 2010 Share Option Scheme permits the issuance of up to 95,024,050 shares, also representing 10% of the issued shares as of the special general meeting date in 2010[143] - The maximum number of options that can be granted to any individual in a twelve-month period is capped at 1% of the company's issued shares[133][144] - The total number of shares that can be issued under the 2019 Share Option Scheme is 288,409,173 shares, accounting for 10% of the shares issued as of the date of the 2019 annual general meeting[153] - As of the date of this annual report, no share options have been granted, exercised, lapsed, or cancelled under the 2019 Share Option Scheme during the year[155] Audit and Compliance - The independent auditor, Ernst & Young, is eligible and willing to be reappointed at the upcoming annual general meeting[184] - The company has maintained the required public float as per the listing rules as of the report date[183] - The board has confirmed that all directors complied with the standards set forth in the trading code for directors during the year[76] Gender Diversity and Inclusion - The gender ratio among employees is currently 100 males to 54 females, an increase from 100 males to 47 females last year, indicating progress in gender diversity[87] - The company aims to achieve a female board representation of over 20% in the coming years through active nomination of suitable candidates[86] - The company recognizes the importance of gender diversity in enhancing performance quality and will continue to focus on this area for competitive advantage[87]
京维集团(01195) - 2025 - 年度财报