Financial Performance - For the fiscal year ending June 30, 2025, the company reported a loss attributable to shareholders of approximately HKD 98.8 million, equating to a loss per share of HKD 0.051[18]. - The company's revenue for the fiscal year ending June 30, 2025, was HKD 128.32 million, showing an increase from HKD 126.75 million in the previous year[11]. - The company recorded a comprehensive loss attributable to shareholders of approximately HKD 90.6 million for the fiscal year ending June 30, 2025[18]. - The group reported a loss of HKD 53.3 million for the year ending June 30, 2025, an increase from the previous year's loss, primarily due to impairment losses on properties increasing by approximately HKD 44.7 million[19]. - Interest income for the year ending June 30, 2025, was approximately HKD 77.8 million, an increase of about HKD 7.4 million from HKD 70.4 million for the previous year, supported by a larger customer base[22]. Operational Efficiency - The average occupancy rate for the hotel operations remained stable above 90%, contributing significantly to the company's cash flow[15]. - The company has successfully maintained a healthy cash flow level through enhanced cost control and operational efficiency[14]. - The company plans to continue optimizing its hotel operations and property leasing business for sustainable growth[15]. - The hotel operations recorded an average occupancy rate of 95.4% for the year ending June 30, 2025, with room revenue of approximately HKD 18.5 million, a slight decrease of about HKD 1.8 million from HKD 20.3 million in the previous year[24]. - The property leasing business reported a pre-tax loss of approximately HKD 18.9 million for the year ending June 30, 2025, compared to a loss of about HKD 8.8 million in the previous year, mainly due to an increase in fair value losses of approximately HKD 9.8 million[27]. Assets and Liabilities - The total assets minus total liabilities for the company as of June 30, 2025, was HKD 1,075.54 million[12]. - As of June 30, 2025, the total equity attributable to owners was approximately HKD 971.2 million, a decrease from HKD 1,061.8 million as of June 30, 2024, primarily due to the loss incurred during the year[28]. - The total receivables as of June 30, 2025, amounted to approximately HKD 316.2 million, a decrease of about HKD 86.1 million compared to HKD 402.3 million as of June 30, 2024, mainly due to the sale of a subsidiary with receivables of approximately HKD 48.4 million[22]. - Total borrowings as of June 30, 2025, were approximately HKD 134.0 million, a decrease from HKD 209.6 million as of June 30, 2024, including secured bank loans of approximately HKD 89.6 million[31]. - The debt-to-equity ratio as of June 30, 2025, was approximately 13.8%, a decrease from 19.7% as of June 30, 2024[32]. Corporate Governance - The company has adhered to the corporate governance code as per the listing rules and has complied with all relevant provisions and best practices[52]. - The board of directors consists of two executive directors and three independent non-executive directors, ensuring a balance of skills and independence[58]. - The company has established a nomination policy to ensure a balanced mix of skills, experience, and diverse perspectives among board members[65]. - The independent non-executive directors have served the company for over nine years, providing valuable insights and maintaining independence[61]. - The audit committee, consisting of three independent non-executive directors, reviewed the group's annual performance and financial statements for the fiscal year ending June 30, 2025[73]. Risk Management - The company has established a credit risk assessment policy, which includes detailed evaluations for mortgage loans based on various factors such as credit history and property valuation[93]. - The board is responsible for ensuring the establishment and maintenance of effective risk management procedures, including risk identification and assessment[89]. - The company has engaged an external professional service firm to review its risk management and internal control systems annually[88]. - The company has implemented internal monitoring measures to ensure compliance with all necessary registrations and licenses[91]. - The company is facing significant physical risks related to climate change, including increased operational and maintenance costs due to extreme weather events, which may lead to higher operational costs[163]. Environmental, Social, and Governance (ESG) Initiatives - The group adheres to the "Environmental, Social, and Governance Reporting Code" as per the listing rules, ensuring compliance with applicable regulations[121]. - The company aims to reduce air pollutant emissions by 5% over the next five years, calculated based on greenhouse gas emission density[133]. - The company has set comprehensive reduction targets for greenhouse gas emissions, aiming for a 5% reduction over five years based on the density per HKD 1,000 revenue[137]. - The company emphasizes resource conservation and environmental awareness among employees to minimize negative environmental impacts[132]. - The company is committed to achieving net-zero emissions through comprehensive energy-saving policies and the introduction of renewable energy[158]. Employee and Workforce Management - The total number of employees as of June 30, 2025, was 78, with compensation policies reviewed by the remuneration committee[44]. - Employee composition as of the end of the reporting period: 56% male and 44% female, with a notable increase in female representation from 42% in the previous year[176]. - The company adheres to local labor laws, including the Employment Ordinance and Minimum Wage Ordinance in Hong Kong, ensuring fair compensation and benefits for employees[173]. - The company emphasizes employee training and development, offering on-the-job training and funding for external seminars to enhance professional skills[183]. - The employee turnover rate decreased to 40% from 60% in the previous year, with significant reductions in turnover for both male (41% from 48%) and female employees (39% from 77%)[176]. Community Engagement - The company actively supports community welfare and environmental protection through various initiatives[120]. - The company received the "Caring Company" award from the Hong Kong Council of Social Service in March 2021[200]. - Donations of HKD 10,000 and HKD 21,000 were made to the Hong Kong Southern District Women's Association in 2022 and 2023 respectively[200]. - The company was awarded the "Earth Hour 2024 Certificate" by WWF Hong Kong in March 2024 for its environmental commitment[200]. - The company has a continuous community investment program, ensuring effective collaboration through careful selection and management of partner organizations[200].
金粤控股(00070) - 2025 - 年度财报