Financial Performance - The company reported a consolidated profit of $XX million for the fiscal year, representing a YY% increase compared to the previous year[55]. - Total revenue for the year was approximately HK$49,791,000, down from HK$58,541,000 in the previous year, representing a decrease of about 15%[30]. - Gross profit for the year was approximately HK$7,685,000, a decline from HK$14,922,000 in 2024, indicating a decrease of approximately 48%[31]. - Revenue from the Swimwear and garment segment was approximately HK$19,989,000, down from HK$32,312,000 in 2024, with a gross profit ratio decreasing to 29.76% from 40.20%[34]. - The E-commerce and on-line shopping related segment generated revenue of approximately HK$28,858,000, an increase from HK$25,092,000 in 2024, with a gross profit ratio of 2.74%[35]. - Other income decreased to approximately HK$1,688,000 from HK$2,167,000 in the previous year[29]. - The Company experienced an increase in written off trade and other receivables to approximately HK$460,000, compared to nil in 2024[31]. - Impairment losses reversed under the expected credit losses model were approximately HK$193,000, compared to HK$1,079,000 in 2024[31]. - The Company is making arrangements with its largest customer to normalize order levels after a substantial reduction in orders due to inventory management[34]. - Swimwear and apparel segment revenue decreased to HK$19,989,000 from HK$32,312,000, with a gross profit of HK$5,949,000 and a gross profit margin of 29.76% compared to 40.20% in 2024[36]. - E-commerce and online shopping segment revenue increased to HK$28,858,000 from HK$25,092,000, with a gross profit of HK$792,000 and a gross profit margin of 2.74% compared to 3.16% in 2024[37]. - Money lending segment revenue remained stable at approximately HK$944,000 with a consistent gross profit margin of 100%[38]. Market and Growth Strategy - User data showed an increase in active users to ZZ million, up by AA% year-over-year[62]. - The company provided guidance for the next fiscal year, projecting revenue growth of BB%[62]. - New product launches are expected to contribute an additional $CC million in revenue, with a focus on innovative technology solutions[62]. - The company is expanding its market presence in the Asia-Pacific region, targeting a market share increase of DD%[62]. - Recent acquisitions are anticipated to enhance operational efficiency and are expected to generate an additional $EE million in annual revenue[62]. - The company has implemented new strategies to improve customer engagement, aiming for a customer satisfaction score increase of GG%[62]. - The company is actively exploring partnerships to enhance its technological capabilities and market reach[62]. Corporate Governance and Compliance - The Board is committed to maintaining high standards of corporate governance and has complied with the Corporate Governance Code during the year[178]. - The Group has adopted compliance and risk management policies to monitor adherence to significant legal and regulatory requirements[160]. - The Company Secretary ensures compliance with applicable rules and prepares detailed minutes of each meeting for all Directors[196]. - Directors have access to relevant information and can seek independent professional advice if necessary[196]. - The Company has arranged Directors' and Officers' liabilities insurance for legal actions arising from corporate activities[199]. - Training on compliance with GEM Listing Rules was provided to Directors and senior management for professional development[200]. - The Company maintains records of training attended by Directors to ensure they are aware of their responsibilities[200]. Shareholder Information - The board of directors has approved a new dividend policy, with a proposed payout ratio of HH%[62]. - The Group did not recommend the payment of a dividend for the year, consistent with the previous year[75]. - The Board will consider retained earnings and any restrictions imposed by lenders when determining future dividends[176]. - The total issued share capital was 810,535,615 shares as of June 30, 2025[135]. - The largest customer accounted for 54% of the Group's total revenue, while the five largest customers together accounted for 94%[152]. - The largest supplier represented 66% of the Group's total purchases, with the five largest suppliers accounting for 77%[152]. - At least 25% of the Company's total issued share capital was held by the public throughout the year[145]. Employee and Operational Insights - As of June 30, 2025, the Group had 88 full-time employees, a decrease from 95 in the previous financial year, with employee benefits expenses amounting to approximately HK$14,530,000, up from HK$13,367,000 in 2024[58]. - The Group's talent is considered a key success factor for competitive advantage, with regular reviews of compensation and benefits policies[167]. - The Group regularly reviews compensation and benefits policies to align with industry benchmarks and individual employee performance[162]. - The Group encourages employees to participate in external seminars to enhance efficiency and reduce risks[169]. Environmental and Social Responsibility - The Group is committed to environmental protection and complies with relevant environmental legislation[158]. - The Group actively participates in community activities to enhance social services and support charitable initiatives[164]. Financial Position and Ratios - Total assets as of June 30, 2025, were approximately HK$57,559,000, down from HK$60,827,000 in 2024[40]. - Bank balances and cash decreased to approximately HK$11,883,000 from HK$17,038,000 in 2024, with a current ratio of 1.59 compared to 2.00 in 2024[40]. - The gearing ratio increased significantly to 110% from 40% in 2024, indicating a rise in net debts relative to total equity[40]. - The Group did not have any material borrowings or pledges of assets as of June 30, 2025[96]. - The Group did not have any material contingent liabilities or charges on assets[63][64]. Board and Director Information - The Board consists of five members, including three Executive Directors and two Independent Non-executive Directors[190]. - The Board held a total of 14 board meetings and 1 general meeting during the Year[194]. - Executive Directors Mr. Lau Chun Fat and Ms. Chan Hiu Kwan attended all 14 board meetings, while Mr. Zhang Weihong was appointed on 8 July 2025[195]. - Independent Non-executive Directors Dr. Lee Chung Mong and Mr. Tam Wing Kin each attended 5 out of 14 board meetings[195]. - Mr. Fang Xiaolong, appointed on 18 December 2024, attended 2 out of 9 meetings, while Mr. Fung Chan Man attended 4 out of 12 meetings before his resignation[195]. - The Group has no known competing interests among Directors and substantial shareholders as of June 30, 2025[171]. - No connected transactions occurred between the Company and any connected persons during the year[144].
中微智码(08041) - 2025 - 年度财报