Financial Performance - The Group's total revenue from continuing operations for FY2025 was approximately HK$68.9 million, representing a decrease of approximately 2.7% compared to FY2024's revenue of approximately HK$70.8 million[12]. - Revenue from the renewable energy segment was approximately HK$59.9 million in FY2025, down from approximately HK$62.2 million in FY2024, primarily due to increased international freight rates and geopolitical factors affecting orders from European customers[14]. - The waste construction materials and processing service segment generated revenue of approximately HK$4.5 million in FY2025, an increase from approximately HK$3.9 million in FY2024, attributed to a slight recovery in the property and construction markets[21]. - The plastic recycling/metal scrap business recorded revenue of approximately HK$2.8 million in FY2025, down from HK$2.9 million in FY2024, impacted by a weak macroeconomic environment and significant drops in demand[24]. - The money lending business generated approximately HK$0.1 million in revenue during FY2025, a decrease from HK$0.2 million in FY2024, following the disposal of its wholly-owned subsidiary that held a money lenders license[25]. - The net loss attributable to the owners of the Company for FY2025 was approximately HK$16.0 million, representing an 11.9% year-on-year increase from FY2024's loss of approximately HK$14.3 million[96]. - Total expenditures for continuing operations, excluding finance costs, amounted to approximately HK$52.8 million in FY2025, an increase from approximately HK$46.9 million in FY2024[108]. - The Group's staff costs rose to approximately HK$16.1 million in FY2025, an increase of approximately HK$1.3 million compared to FY2024[108]. Market Challenges - Global used cooking oil prices were highly volatile throughout 2024, impacting the Group's operations, with prices trending upward in 2025 due to higher demand and increased biofuel production obligations[19]. - The Group faced challenges in international trade due to fluctuating U.S.-China trade policies, leading to unpredictable costs and higher freight expenses, prompting a strategic shift towards exploring the Southeast Asian market[20]. - The return of U.S. President Donald Trump has increased political and economic uncertainties, with expectations of slower global growth during the remainder of FY2025[26]. - International container shipping rates have surged due to U.S.-China tariff changes, with ocean freight rates on Asia–Europe lanes doubling from pre-crisis levels by the end of 2024[31]. Business Strategy - The Group's strategy in FY2025 included adapting to the surge in international shipping rates and exploring new markets to mitigate the impact on revenue from European customers[20]. - The Group plans to restructure its business segments to build resilience against financial burdens from loss-making operations, including the termination of its German plastic recycling operation[32]. - The Group's renewable energy business focuses on trading recyclable oil/biodiesel, with operations accredited by the International Sustainability and Carbon Certificate (ISCC) under the Renewable Energy Directive 2018/2001/EU (RED II)[61]. - The Group has developed a local supplier network to support its renewable energy operations, enhancing its logistics capabilities[61]. - The Group's renewable energy operations involve inspecting raw material quality in accordance with ISCC requirements[62]. - The Group's operations in the renewable energy sector align with global sustainability standards, enhancing its market position[62]. Operational Changes - The Group discontinued its money lending business in November 2024 following the disposal of its equity interest in the subsidiary that operated this segment[11]. - The Group has ceased its money lending business as of November 18, 2024, reallocating resources to more profitable segments and projects with higher growth potential[88]. - The Group's workforce decreased from 37 employees as of June 30, 2024, to 35 employees as of June 30, 2025[133]. Governance and Management - Mr. Lo Kam Wing has been appointed as the executive director and chairman of the Board since December 1, 2022, bringing extensive experience in manufacturing and international trade[38]. - Mr. Luo Xian Ping has over 17 years of experience in asset restructuring and corporate finance, previously serving as CEO of China Regenerative Medicine International Limited[43]. - Mr. Ho Wai Hung has experience in accounting and finance, having worked with various money lending companies in Hong Kong[47]. - Mr. Tam Chun Wa has over 30 years of experience in auditing, accounting, tax, investment banking, and company secretarial work, currently serving as CFO of China Asia Valley Group Limited[49]. - Mr. Man Kwok Leung is a member of multiple professional accounting organizations and has been appointed as an independent non-executive Director since July 13, 2023[50]. Compliance and Risks - Compliance with local environment-related regulations is critical, as failure to adhere may result in fines or operational suspensions[154]. - Financial risks are present, with details outlined in the consolidated financial statements[155]. - The Group's financial risk management objectives and policies are detailed in the Management Discussion and Analysis section of the annual report[143]. - The Company is subject to compliance risks related to local environmental regulations, which could lead to fines or operational suspensions if not adhered to[159]. Share Option Scheme - The Share Option Scheme adopted on June 1, 2016, had 94,692,817 share options available for grant as of July 1, 2024, and June 30, 2025, with no options granted or exercised during FY2025[186][187]. - The purpose of the Share Option Scheme is to attract and retain high-caliber employees and valuable human resources for the Group[191]. - Eligible participants include employees, non-executive directors, suppliers, customers, and other contributors to the Group's development[192]. - The total number of shares available for issue under the Share Option Scheme is 94,692,817, representing approximately 6.98% of the issued shares (excluding treasury shares) of the Company[196].
绿色能源科技集团(00979) - 2025 - 年度财报